Imagine waking up on Super Bowl Sunday in Las Vegas and finding out that you had lost $500,000 playing blackjack and pai gow the night before. Making matters worse, some of that money you lost was borrowed from the casino, which would now like to discuss repayment. [More]
The casino always wins in the end. If it didn’t, we’d all be rich and casino-owners would be smashing open piggy banks to pay the bills. So when a house of gambling tells customers that it really wants to do something nice and will refund their slot-machine losses, you should expect that there is more to the offer than meets the eye. [More]
I remember watching the movie Casino for the first time, where there’s an intricate scene involving card cheats who are trying to pull a fast one over the casino by way of some kind of electronic signals sent with the tap of a finger. “Wow!” I thought. “That’s so high-tech! Good thing Ace (Robert De Niro’s character) is so wily!” Now just imagine those guys had Google Glass — Ace would not be pleased. As such, New Jersey regulators (and other lawmakers around the country) are preparing against a potential for Glass gadgetry to enhance gambling. [More]
Listen, we know what it’s like to keep shoving money into a slot machine, mesmerized by the blinking lights and the possibility that this time will be different, this time will bring riches beyond imagining! But should you lose, don’t act like a mad baby and maim the casino’s machine. That’s just immature. [More]
Only months after the federal government shut down access to online poker sites come reports that Congress could soon consider a bill that would legalize online gambling. [More]
We’re surprised there isn’t already a secret underground tunnel with super cool racers between Sin City and the City That Never Sleeps, so the fact that a charter air carrier is launching to more easily shuttle gamblers from New York City to Las Vegas is not shocking. [More]
A gunman allegedly robbed the Bellagio casino in Las Vegas, and he didn’t need to split his take with an acrobat, explosives expert or Matt Damon. The thief sauntered into the casino, made off with $1.5 million in chips from a craps table, then sped off on a motorcycle. [More]
There are a lot of empty buildings in the Detroit area, but the beleaguered city’s mayor announced today that he’s found the perfect vacant space to house HQs for both the city’s police and fire departments — the old MGM Grand Detroit casino. [More]
We hope you like the current casinos in Las Vegas, because that’s what you can look forward to for the next 10 years or so. No newly built Mount Rushmore facade, no Mini Grand Canyon indoor shopping avenue, no Godzilla-shaped hotel—nothing new to delight the vulgar parts of your optic nerve. The Wall Street Journal says after a decade in which casinos spent more than $30 billion on expansions, they’re now going to pay off debt and focus on “branding, marketing and customer loyalty.”
The LA Times is reporting that former Fry’s executive and accused embezzler, Omar Siddiqui, once gambled away $8 million in a single day. According to the IRS, Mr. Siddiqui financed his gambling by taking at least $65.6 million in kickbacks from Fry’s suppliers. He’s been charged with money laundering and fraud, and if convicted, he faces 140 years in prison.
Reader Jay sent us this link to a training potty with a built in slot machine that goes off whenever it detects a “deposit.”
At the Las Vegas Venetian, earnings dropped 19 percent to $58.3 million. The casino’s winning percentage in baccarat, blackjack and other games was 14.7 percent, below its forecast range of 20 to 22 percent and last year’s winning percentage of 23.4 percent. Gamblers also won more than forecast at the Sands Macao.
Man thinks he wins $1.6 mil at the slots, but then the casino takes him to a backroom and says they’re not going to pay because it was a computer error. Because the casino is an Indian one, he might not have recourse through the courts. [ABC]
Blackjack used to be one of the best bets in Vegas. Easy to understand, with decent odds. The house advantage on a single-deck game of blackjack, under standard rules, was a measly .18%.