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]
According to a potential class action suit filed by a San Diego mom, kiddie-themed pizza chain Chuck E. Cheese’s is a gambling parlor disguised as a venue for innocent entertainment. [More]
If you were planning on making your fortune on your sofa, taking fools’ money in online poker, it’s probably time to think of a plan B. Feds are making like Eliot Ness in an effort to shut down offshore companies that let Americans subvert in the nation’s online gambling laws. G-men have filed an indictment against several individuals accused of operating illegal internet poker speakeasies. [More]
Allegiant Air has come up with an idea for a new kind of airfare whose final price would rise or fall with the price of jet fuel. Passengers could choose between a traditional ticket, or one that has a discounted up-front cost, but whose final price is variable. If gas is cheaper the day you fly, you pay less. If higher, you pay more. It sounds a little crazy, until you realize where Allegiant is based out of: Las Vegas! [More]
Not everyone is fond of state lotteries, but you know what they’re not? Illegal. Still, Tim shared his experience with the New York State Lottery and his credit card company, Chase, where the bank chose to treat his lottery subscription payment as a cash advance, with the $10 fee and astronomical interest rate that goes along with it. [More]
In the world of gambling, one axiom holds true — In the end, the casino always wins. But a new report from the American Gaming Association says that, due to the current not-so-great status of the economy, the casino isn’t winning as much as it was before. [More]
VJ Movement is a new site that lets everyday people pitch their ideas for news stories to a group of selected global professional video journalists who then go on to produce them and post them online. Here’s one about a poor Chinese immigrant turned professional gambler who plays poker so that his kids can live the American Dream in Orange County, California.
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.”
States that put it all on double zero and let it ride may start wishing they’d listened to Ace Rothstein, and walked out instead of choosing to take the money — and the hammer. The casino industry — once considered recession-proof — is starting to feel the pinch of the current downturn. The New York Times reports that some of the biggest gambling havens, including Nevada, New Jersey and Illinois, have seen massive drops in gambling-related tax revenues. New Jersey’s take was down $62 million, Nevada dropped $122 million, and Illinois spun and lost $166 million in tax revenues.
An atheist in New Hampshire is hiring out pet care services to Christians who believe that there will be a rapture and they will leave behind their pets. He won’t tell Mainstreet whether the business is very successful—he says his clients number “more than one and less than 175,” but it’s certainly an interesting way to bring two traditionally opposing groups together under a common (profit-making) cause.
Save to Win gives Michigan residents the chance to win the lottery simply by purchasing a certificate of deposit. Here’s how it works: residents who contribute at least $25 into a Save to Win CD are automatically entered into monthly drawings for a $400 raffle, and an annual drawing for a $100,000 jackpot. Even if you don’t win, you still have an interest bearing CD.
Just in case that headline doesn’t make it clear: we do not recommend you try Swoopo, because you do not want to experience retail crack. Stay far, far away from Swoopo. Swoopo will feed into every gambling and spending impulse buried in the irrational parts of your brain, and suck up your money. There’s a reason the site describes itself as “entertainment shopping.”
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.