Casino Reinvestment and Expansion

The Proper Care & Feeding of the Golden Goose

Under the new paradigm of declining economic conditions across a broad spectrum of consumer spending, casinos face a unique challenge in addressing how they both maintain profitability while also remaining competitive. These factors are further complicated within the commercial gaming sector with increasing tax rates, and within the Indian gaming sector by self imposed contributions to tribal general funds, and/or per capita distributions, in addition to a growing trend in state imposed fees.

Determining how much to “render unto Caesar,” while reserving the requisite funds to maintain market share, grow market penetration and improve profitability, is a daunting task that must be well planned and executed.

It is within this context and the author’s perspective that includes time and grade hands-on experience in the development and management of these types of investments, that this article relates ways in which to plan and prioritize a casino reinvestment strategy.

Cooked Goose

Although it would seem axiomatic not to cook the goose that lays the golden eggs, it is amazing how little thought is oft times given to its on-going proper care and feeding. With the advent of a new casino, developers/tribal councils, investors & financiers are rightfully anxious to reap the rewards and there is a tendency not to allocate a sufficient amount of the profits towards asset maintenance & enhancement. Thereby begging the question of just how much of the profits should be allocated to reinvestment, and towards what goals.

Inasmuch as each project has its own particular set of circumstances, there are no hard and fast rules. For the most part, many of the major commercial casino operators do not distribute net profits as dividends to their stockholders, but rather reinvest them in improvements to their existing venues while also seeking new locations. Some of these programs are also funded through additional debt instruments and/or equity stock offerings. The lowered tax rates on corporate dividends will likely shift the emphasis of these financing methods, while still maintaining the core business prudence of on-going reinvestment.
Profit Allocation

As a group, and prior to the current economic conditions, the publicly held companies had a net profit ratio (earnings before income taxes & depreciation) that averages 25% of income after deduction of the gross revenue taxes and interest payments. On average, almost two thirds of the remaining profits are utilized for reinvestment and asset replacement.

Quality Over Quantity – Why USA Online Casinos Are Superior

Back in 1996, the explosion of online casino gambling swept the world. The United States had been a large part of this, and many gamblers had turned to online casinos for all of their gaming. For many years, these casinos continued to be played unabated. Unfortunately, back in 2006, legislation was passed that made it slightly difficult for online casinos to continue to operate. This legislation, sneaked in by piggyback through the Safe Port Act, would be named the Unlawful Internet Gambling Enforcement Act, and it became a thorn in the side of the online gambler, the online casino, and all payment processors there in.

The Unlawful Internet Gambling Enforcement Act of 2006, or the UIGEA, had, in a nutshell, prohibited banks and payment processors from processing transactions that would correlate to online gambling. This has not only complicated loading accounts, but also withdrawing. While USA online casinos have continued to operate, they have had to use payment processors that would circumvent these restrictions. Sadly, the UIGEA was not even set to go into effect until December of 2009, thought the implications of the legislation had fall out that would be nothing short of catastrophic for many online gambling companies, especially those that relied heavily on the United States market.

The UIGEA had hamstrung many of the operations around the world that utilized the American market in order to stay ahead in profits, all the while keeping losses to a low. The implications ran deep, damaging many companies operating these casinos. Not only had some of the larger, publicly traded online casinos taken a major hit to the price per share, which in turn hurt the shareholders of those companies, but also cost the companies profits from the United States Market. PartyGaming comes to mind specifically, though other large gambling firms had taken a hit. Additionally, many executives in charge of several of the online casinos, including Anurag Dikshit, one of the early founders of PartyGaming, had been indicted and fined for their involvement in online gambling – despite the fact that these companies had been based outside of the United States. Payment processors had also been significantly impacted, as many of these financial companies had taken a blow from federal persecution, which, in some cases, amounted to hundreds of millions of dollars in seizures. Sadly, the UIGEA had not even been invoked in many of these seizures. Rather, the Wire Act of 1961, a law that had been passed years before the Internet was even beginning to develop into what we see today.

Despite the laws that had begun to inhibit online casino gambling, many online casinos continued to accept USA players. While several of the larger brands of online casino had been stripped from the United States market, many others had remained steadfast in their dedication to delivering casino gaming to the American market. Though there are online casinos still operating in the USA, the choice has become limited. In order to focus on a marginal market, online casinos accepting American players had to provide a service of higher quality. That having been said, those online casinos have had to outclass the older forms of casino software that had removed themselves from the American market.

Casino Games – A Review of Villento Casino

Many professional gamblers tend to stick to the most well-known online casinos with a good reputation. In fact, this is a very conscious and sound strategy for high rollers as they will only trust their money with the top online casino sites. However, this behaviour may also lead to the paradox of missing out on the biggest new casino bonuses. As a matter of fact, there are plenty of less known casinos out there who actually belong to the same casino network as the more popular ones – while offering better bonuses at the same time!

Villento Casino is a good example of this. This casino has yet to make some noise in the casino gaming industry, but it is in fact part of the Casino Rewards Group, a very trusted and reputable online casino network. This network is responsible for top-notch casinos like Golden Tiger Casino and Blackjack Ballroom to mention a few. So when you sign up at Villento Casino you know that you will get a bang for your buck with great gameplay, superb graphics and smart player options.

Now, like we said before, Villento Casino is a good example of one of the lesser known casinos, but in this case it can be as trusted as any other casino that is a part of Casino Rewards Group. But where Villento Casino may lack in fame – certainly this casino compensates this through their extensive bonuses.

Upon joining, Villento Casino offers over $1,000 USD worth of free bonuses. On your first deposit, your bankroll is doubled by a 100% match bonus of up to $150 USD free. Not bad! Deposit again and you’re rewarded with a 50% match bonus of up to $250 USD free. Getting even better! On your third and fourth deposits the casino will give you a 30% and 20% match bonus respectively, both with a total value of up to $200 USD free. And finally, (getting even better still), your fifth deposit will see you walk away with a 10% match bonus of up to $200 USD free. That’s a grand total of $1,000 USD in bonuses to start playing at Villento Casino – not many casinos will match that.

When considering to opt in for a new bonus offer, one should always evaluate the overall value of playing at the casino in question. The deposit bonuses may be great, but if the number of casino games on offer are few, or if the overall payouts are low, it may not be worthwhile. Thankfully, Villento Casino has over 450 casino games on display as well as 16 progressive jackpots, including Mega Moolah, King Cashalot, Major Millions, Fruit Fiesta and many more. Some of these jackpots accumulate to over $1,000,000 USD from time to time.

Online Casinos Vs Land Casinos

Online casino games are brilliant invention that completely transformed the field of gambling. They enable people to gamble with less commitment of time, money and inconvenience than before. Comparing online casino with land casino is like comparing apples and oranges, each appeal to different aspects of a player’s game. Let’s take a look at the advantages and disadvantages of online casino games as compared to the land-based casino.

The Surroundings: there is great fun and excitement playing casino games at the actual casino, but when it comes down to what important to the casinos – gambling the casino atmosphere is trying to dissolve and distract you… from your money. In land casino you are competing not only against the dealers and other players but also the casino crowd that watch your every move. One more disadvantages start with the trip to the casino. Depending on where you live, you might have to drive for several hours, or fly, just to get there., on the other hand, When you choose an online casino, you remain in control. An online casino can’t outdo you in the comfort of your own home. You don’t have to travel; you don’t even have to get dressed. There is something liberating and thrilling about knowing that any casino game that you could possibly want to play is available at your fingertips.

Money!! In land casino you buy chips with real money; in an online casino you will create a casino account and transfer funds into it. The fundamental difference however that in an online casino you know how much money you have at all times. The chips are only used for bets and the entire thing isn’t as puzzling as it would be in a land casino.
The most important thing is that online casino will let you play free, in a land-based casino you can’t enter and play practice games before you start betting any real money, but at online casino. No problem! Play as many free games as you want. Try new games that you are not sure about. Practice your game strategy. Play until you feel comfortable with the game and confident that you understand all the rules and secure with your strategy. In an online casino, you can play all the games for free, for as long as you want. Then, you can gamble real money only when you decide that you want to.

Are the games really different? In roulette, for example, there is a difference in the experience of clicking the Spin button in an online roulette game and the experience of watching the croupier spin a real roulette ball around a real roulette wheel. But beside that different, the game is the same. When you play roulette online, you play with a Random Number Generator that is programmed so that, over the long run, each roulette number will hit 1 out of 38 times, just like on a real roulette wheel. So the differences between them are really a matter of preference and taste more than any significant differences in the game play itself.

Addiction – When Gambling Becomes a Problem

While most people enjoy casino gambling, sports betting, lottery and bingo playing for the fun and excitement it provides, others may experience gambling as an addictive and distractive habit. Statistics show that while 85 percent of the adult population in the US enjoys some type of gambling every year, between 2 and 3 percent of will develop a gambling problem and 1 percent of them are diagnosed as pathological gamblers.

Where can you draw the line between harmless gambling to problem gambling? How can you tell if you or your friend are compulsive gamblers? Here you can find answers to these questions and other questions regarding problem gambling and gambling addiction.

What is the Meaning of Problem Gambling?

Problem gambling or compulsive gambling is defined as an uncontrollable urge to gamble despite the destructive effect of gambling on the gamblers life and despite feelings of guilt and remorse. Problem gambling tends to have a negative effect on the gamblers financial state, relationships and daily life. Severe cases of problem gambling can be defined as pathological gambling.

Am I a Compulsive Gambler?

1) Do you gamble until your last penny runs out?

2) Do you gamble to win back your former losses or debts?

3) Did you ever had to borrow money to continue gamble?

4) Did your gambling habit ever made you lie to your friends or family?

5) Did you ever skip work or other obligation to gamble?

6) Do you tend to gamble to forget about your personal problems or to celebrate happy occasions?

7) Does gambling have a negative affect on your daily life or relationships?

If you have answered yes on at least one of the questions listed above, then you have a problem.

Can Anyone Become a Compulsive Gambler?

Theoretically, yes. Any gambler can develop gambling problem regardless to the type of gambling he is occupied with, the amount of money and time he is spending on gambling. Researches show that slot machines that can be found in bars and convenient stores are the most addictive type of gambling activity, while lottery draws and bingo games are located on the other end of the scale. Gambling addiction is an emotional problem; its symptoms, causes and treatments are similar to any other form of addiction.

How Can I treat Gambling Addiction?

1) Group Therapy:

Gamblers Anonymous offers a 12 step self help program similar to the one offered to alcohol addicts in Alcoholics Anonymous. Group therapy also offers gambling addicts advice and support from professional counselors and other gambling addicts in different phases of their recovery process. Gambler Anonymous centers are available in more than 1,200 locations statewide.

When The Fun In Gambling Is No Longer Fun

Gambling is all fun and games until you hit the point where you cease seeing the fun in it, or you become irredeemably addicted.

Admittedly, most people do not see it coming. They start gambling for very noble reasons including,

1. The need to take time away from work and family pressures
2. Escape route from depressing thoughts on other issues.
3. Hopes of winning a fortune and living lavishly ever after
4. To bring a tinge of excitement into their otherwise dull lives
5. A chance to go out there, socialize and make new friends.

As you can see from the above points, no one anticipates that gambling will grow into the Frankenstein that now threatens to push them off the sanity cliff. A lot of people are able to keep their gambling under rein. They do it for fun, to pass some time and to socialize. Others lose it completely. They become slaves to online and offline gambling. It throws their lives off-balance. They start putting more time and money into gambling, and they gradually neglect other aspects of their lives.

At this point, problem gamblers look back at their lives and get surprised at how and when it happened. For a lot of people, the problem starts with a shift in mentality. A big loss or a big win, and you are hooked. You start gambling more money than you had planned to spend on gambling, you invest a lot of time in the casinos and before you know it, you are a slave to gambling. You can’t eat, sleep nor breathe without thinking gambling.

To help you understand how gambling addiction works, I have analyzed some of the most common factors that pull people deeper and deeper into addiction.

1. Illusion that You Can be in command of Chance
No one can control chance. It doesn’t favor anyone, smart or otherwise. Unfortunately many problem gamblers think that they can manage to overturn their luck on the tables through sheer power of the mind. They have this skewed illusion that they can win if only they can learn the tricks of the game. They spent hours on end in the casinos trying to perfect their game. They fail to acknowledge the fact that gambling is 100% chance and not something to be learned. There are no tricks and knowledge that will all of a suddenly overturn the tables to your favor.

2. The Lure of the Jackpot
Winning a few hands on the tables can make you feel unconquerable. Everyone loves winning, and science has proved that people remember their victories more than they remember their losses. Fortunately, or probably unfortunately in this case, new gamblers have what is commonly referred as ‘beginner’s luck’. They begin their gambling hobbies on the right foot. They become obsessed with the idea of winning the jackpot.

3. Faith of Changing Luck
In life, we are encouraged to get up after every fall. We will make it in the end. We will accomplish our goals if we do not quit. After all, who wants to quit while the gold vein could be just a few inches away. There is only one place where this advice does not apply. If your quests are governed by pure luck, there is very little chance that you will ever make it. The statistics are open for anyone who wants to take a look. Gambling only ends up in massive losses, debts and frayed social relationships. There is no better time to quit than now. Lady Luck will not smile at you anytime soon.

Problem Gambling and Gambling Problems Come in Varying Degrees of Intensity and May Worsen

Problem Gambling and Gambling Problems Come in Varying Degrees of Intensity and May Worsen

Problem gambling, also known as compulsive gambling, is recognized as a disease or sickness. But not all people who have a that problem would be diagnosed as being compulsive gamblers. As with any behavior, the degree or severity of the behavior determines the clinical classification.

Therapists use different scales to assess a gambling behavior and base the therapy according to the assessment. Most therapists use DSM-IV or the South Oaks Gambling Screen for diagnosis.

Just having compulsive or pathological gambling recognized as a treatable disease was a major accomplishment for the therapists who treat those problems. For many years gambling was looked upon as a character flaw or weakness, but not a true disease. Now that it has been accepted that out of control gambling is a disease that may be treated effective methods are emerging.

One point that almost all clinicians agree on is that the best way to effectively treat the problem is to stop the gambling immediately. Some clinical studies have indicated that neuro transmitter deficiencies may be a cause of the problem and drug therapies are being tested while other forms of behavioral therapy, such as support groups and guided mediation or hypnosis are also showing some success.

If you are wondering if you or someone you know has a gambling problem, here is a checklist

that is used by clinicians to assess for pathological gambling …

“As defined by the American Psychiatric Association, pathological gambling is an impulse control disorder that is a chronic and progressive mental illness.

Pathological gambling is now defined as persistent and recurrent maladaptive behavior meeting at least five of the following criteria, as long as these behaviors are not better explained by a manic episode:

1.Preoccupation. The subject has frequent thoughts about gambling experiences, whether past, future, or fantasy.

2. Tolerance. As with drug tolerance, the subject requires larger or more frequent wagers to experience the same “rush”.

3. Withdrawal. Restlessness or irritability associated with attempts to cease or reduce gambling.
4. Escape. The subject gambles to improve mood or escape problems.

5. Chasing. The subject tries to win back gambling losses with more gambling.

6. Lying. The subject tries to hide the extent of his or her gambling by lying to family, friends, or therapists.

7. Stealing in order to feed their gambling addiction.

8. Loss of control. The person has unsuccessfully attempted to reduce gambling.

9. Illegal acts. The person has broken the law in order to obtain gambling money or recover gambling losses. This may include acts of theft, embezzlement, fraud, forgery, or bad checks.

10. Risked significant relationship. The person gambles despite risking or losing a relationship, job, or other significant opportunity.

11. Bailout. The person turns to family, friends, or another third party for financial assistance as a result of gambling. “

Online Gambling Problems

The advances in broadband and wireless technology have made the world come together closer than never before. Now virtually everything is possible on the net-shopping, clinching business deals, social networking, and even gambling, the ever-favorite pastime of men. Online gambling first emerged in the early part of the 1990s and had become an instant hit, with an estimated 3000 online websites on the net today. It totally radicalized the gambling industry and has seen takers from across age groups. However, just like the land version, even internet gambling is fraught with problems. The addiction problem prevails in the online world as well.

What is problem gambling?

Problem gambling is an impulse-control disorder that leads to major disruptions in all areas of life: psychological, social, vocational or physical. It also includes the stage of ‘pathological’ or ‘compulsive’ gambling. Problem gambling is characterized by an increasing preoccupation with gambling. They have an urge to bet money more frequently and become restless or irritable, if anyone tries to stop. They usually are aware of the mounting, serious, negative problems but staying off the bet becomes the most difficult thing for them.

Online problem gambling is a manifestation of the aforementioned problems. But a study has shown that people who indulge in online gambling have more serious addiction problems than those who use the lottery or play slot machines. Online gambling problems are on the rise because of the explosive growth of the internet.

Causes leading to Internet Gambling

o The privacy and anonymous nature of the internet space has led to people taking to gambling without any hesitation.

o Easy accessibility of online games in the internet has led to people spending more time on gambling.

o Those who work on the internet most of the time can easily avail of online games. This gradually leads to addiction.

Signs of problem Gambling

o Gambling much longer than intended.

o Gambling until you spend the last penny.

o Using up incomes or even saving to gamble, while bills remain unpaid.

o Borrowing money continuously to finance your gambling needs.

o Neglecting your family and professional responsibilities.

o Stoop to stealing, cheating or selling household stuff to get gambling money.

o Gamble with the hope that it will solve financial woes or even win back losses.

o Relieve feelings of depression.

o They can easily set up a gambling account and there are a variety of forms of gambling – right from traditional betting, to casino gambling, lotteries and bingo. All this makes online gambling tremendously appealing.

o There is no time limit and in the absence of a supervisor, a person can go on gambling for up to 24 hours a day.

o As you play, there is a decreased perception of the value of cash and players frequently forget that they are playing with cash.

Online Gambling and its effects

Though many believe that legalized gambling is just harmless entertainment, but people already affected by it and continuous study results have veered on its deceptive nature. In fact, it is considered to cause even more harm than playing in a live casino building. The health and emotional difficulties associated with gambling disorders includes depression, circulatory disease, substance abuse and even risky sexual behavior. Recent studies have concluded that online gambling comprised basically of unmarried and younger participants over people who never gamble. Contrary to the fact that internet is associated with high education level and higher income strata, the study pointed out that online gambler addicts belong to lower education and income levels. Online gambling is one of the fastest growing addictions to afflict the youth today.

Internet Gambling Laws – US, UK and the World

Legal minds turned to Internet gambling laws as a specialty when the industry went beyond growth and exploded into the public mind. “The law surrounding Internet gambling in the United States has been murky, to say the least,” according to Lawrence G. Walters, one of the attorneys working with gameattorneys.com.

In contrast, Internet gambling laws in the U.K. have made the lives of providers and players a bit easier. The passage of the Gambling Act of 2005 has basically legalized and regulated online play in the U.K.

With the objectives of keeping gambling from promoting “crime or disorder” the U.K. act attempts to keep gambling fair, in addition to protecting younger citizens and others who may be victimized by gambling operation. Unlike the United States, which still clings to the 1961 Wire Wager Act, the U.K. significantly relaxed regulations that are decades old. A gambling commission was established to enforce the code and license operators.

A Whole Other Country

According to Walters and many other observers of the Internet gambling laws scene, the United States Department of Justice continues to view all gambling on the Internet as illegal under the Wire Act. But there are details in the federal law that defy attempts to throw a blanket over all online gambling.

The Wire Wager Act forms the basis for federal action on Internet gambling laws in the United States. The law was meant to complement and support laws in the various states, focusing primarily on “being engaged in the business of betting or wagering” using wire communication to place bets or wagers on sporting events or similar contests. The law also comments on receiving money or credit that results from such a wager. The keys are “business,” “money or credit” and “wire communication facility.”

But as many attorneys and proponents of fair Internet gambling laws emphasize, the federal law does not specifically address other forms of gambling. This has left the law open to interpretation when it comes to online casinos specifically and using the World Wide Web to play online games.

October 13, 2006 is a crucial date in the controversy surrounding the legalization of gambling. For anyone wishing to understand Internet gambling laws, the federal law passed on that day is essential knowledge. President George W. Bush signed the Unlawful Internet Gambling Enforcement Act (UIGEA), which is intended to limit some “financial transactions” used for online gambling.

But even if current federal gambling laws can clearly define something as simple as a legal gambling age, the newer UIGEA has not settled all the dust raised around the issue of online gambling. Attorneys such as Walters (and many others) have pointed out that the UIGEA seems to refer only to financial transactions and wagers that are illegal where the wager or transaction is made. Some wagers may be legal while others may not be legal. It’s as simple as that.

The UIGEA had some effect on Internet gambling, in that many successful companies got out of the business, at least in the United States. In fact, with the passage of the law in 2006, most U.S. online players found they could not play at an online casino or poker room, for a short time. Many of the gambling providers found ways to establish offices and servers outside of the U.S. so that could invite United States players back in.

Things You Need to Know Before Race Horse Betting

Horse racing is probably one of the oldest and most popular sports in Australia. The adrenaline rush and the excitement associated with the sport can be further augmented if you decide to indulge in a bit of horse racing betting of your own. Race horse betting can be a really fun filled, exciting and rewarding experience if you can place your bets right and if you know the rules of the game. Merely staying back at home and earning a few extra dollars just by virtue of a few well-placed bets can be a lot of fun. That way, you are not only being able to follow your favorite sport, but also earning a few bucks through horse racing betting.

When you begin to use the laying system and place your first horse bets, you should make sure that you are acquainted with the rules of the game and the terms of betting. Without the any required knowledge, your horse betting odds may not be very good. Set a realistic betting goal for yourself to help you win more than you lose.

A few golden rules of betting

When you begin to bet as an amateur, it is always better to begin with a small betting bank. Gain some experience in the field and then go on to increase your bets when you are more confident with your horse bets. Educate yourself about the game and about the performances of the horses that are in the game. Pick up a few of the latest sports magazines on racehorses and read up on the statistics and the average winnings of the various horses. Once you have the required figures, try to make an informed guess about the horse betting odds.

You may also visit the morning sessions of the practice race in the area to get a fair knowledge about the performance of the various horses. However, this is not always allowed. If that is the case, you can reach the racecourse a little early, read the track, and observe the racehorses to make a smart bet. Observe the behavior of the horses on which you have decided to place the bet. If you find that the horse is acting tired, sweating, or walking with a limp, refrain from placing your bets on it.

Keep the horse betting odds in mind. Horses are categorized as Front Runners, Closers and Morning Glories. The front-runners have better odds of winning the race, while the closers are the ones that come in as close seconds and may have a very good chance of coming out as winners. The morning glories are the horses that shine brightly like the sun initially in the run but die out soon. You need to find out the basic category of the horse you are placing your bet on to increase your chances of winning.

Types of Horse Racing Betting

It is important to have some knowledge of the various kinds of betting that you can place on the horses. The few basic categories include:

– A straight bet or a Win bet is one of the most common horse bets where you place your bet on a single horse and you win if the horse wins the race.
– In a Place bet, you shall win the bet if your horse comes either first or second.
– Again, in the Show bet, you can win your betting money if the horse that you have placed your stakes on, comes first, second, or third.
– In a Combination bet, you shall have to predict which horse shall perform better among two to four horses and your win is based on the accuracy of your prediction.
– When you place your horse bets on two horses and if they finish in the first or second place, you shall win your stake. This is known as Quinella or Reverse Forecast.
– In Pick 3, you can select horses that you feel might come across as winners in 3 consecutive races.
– A Daily Double is a race horse betting where one selects the horses that will win the first two races and that the wager is made even before the first race starts.

Indeed, at times horse racing betting can be an overwhelming task, but when you begin to get the hang of the sport, you shall enjoy the whole experience of race horse betting. Just remember to make smart choices at the beginning and you can then begin to improve when placing horse bets.