now browsing by author
Gambling is the act of playing, involving risk and chance (and at times strategy,) and winning something of great value, such as money or property. It is the act of putting at stake your money, your property or even yourself on the upshot of the game, hoping to achieve the correct outcome, thus, being triumphant and winning the bet.
Casinos are the most popular and the most apparent place where gambling activities take place. Casino encompasses facilities and resources that assist in the said activities. Most games in casinos involving gambling, makes use casino chips which is as good as cash.
Slot machines, or better known as, slots, are mostly used by those who are less risk-taker. These are machines are coin-operated. The machines include a currency detector that authenticates the coin or the money inserted to be able to play. The player pulls a lever on the side of the machine that makes the reels, usually three or more, spins. The reels contain characters and when the player pulls the lever and gets the same characters, there is price money!
Backgammon is a board game for two players wherein the player who removes all his pieces from the board is considered to be the winner. This game involves luck because the movement of the pieces depends on the outcome of the dice. This game also involves strategy. The player must use strategy in moving the pieces.
Bingo is another game engaging gambling. It makes use of cards with grids containing a distinct combination of numbers. A number, randomly selected from a pool of numbers, is announced and players mark it if it is in their card until they form the announced winning pattern. The first person or persons to have formed the announced pattern is the winner. The winning pattern varies.
The roulette is another gambling game found in casinos. It is a round wheel which usually has 37 or 38 separately numbered compartments, in which the compartments are alternate red and black, not in numerical order. The compartment or pocket is where the small ball must land when the croupier (or dealer) turns the roulette. A player wins when the single number he/she betted for is landed by the ball.
Blackjack is one of the most popular card games involving gambling. The basic goal of the Blackjack is to achieve a total that is greater than that of the dealer at the same time, it does not exceed 21, which id why it is also known as twenty-one. This game involves chance and card counting skills, which is recognizing the cards that have been played. Poker is, aside from Blackjack, another popular gambling card game in casinos. The player with the best combination is the winner. The price is equivalent to the money in the central pot wherein each players place their bets during the game.
A 42-year-old woman lost an average of $30,000 a month at a casino. This was before the woman was arrested for stealing to fuel her gambling addiction. Christine Keenan, the woman who is arrested, spent more than $6 million over three years at the Dunedin Casino in New Zealand.
Dunedin Casino’s might be suspended for failing to identify a problem gambler. This is the remark of the Department of Internal Affairs, it is attempted to suspend the license of Dunedin Casino in a landmark hearing.
Dermot Harris, casino’s gambling inspector told hearing today management at the casino had approached Ms. Keenan about her huge spending – having reach an amount of $352,000 in March.
Ms Keenan became aware that she was being traced and therefore decided to stop using her casino cards said Mr. Harris. Mr. Harris also added that because Ms. Keenan had stopped using her credit card he suggested that her gambling routine came in moderation.
However, the Department of Internal affairs lawyer Mark Woolford said the true extent of her gambling was not being reflected on the casino’s records.
Mr. Harris was asked by Mr. Woolford is Ms. Keenan was approached to offer help. Mr. Harris answered, Ms. Keenan knew that the management was watching her and she knew the hotline number by heart.
In the hearing held July 31st 2006, Ms. Keenan sold her house already, used money from her marriage settlement, spent her inheritance, and stole from her employer to feed her gambling needs.
As Ms. Keenan left the casino she was arrested on the spot and held for 11 counts theft and was jailed for three years. The hearing is set down for three days. And for the Dunedin casino could be suspended for up to six months.
On March 23, 2007, it was stated that from January 1, 2007 to the middle of March, the slot machines placed in the 4 racing tracks in Pennsylvania have received a total of around $1.57 billion in total wagers and have paid out $17.5 million in total winnings and fund development for horse racing, according to the statistics in the possession of the Pennsylvania Gaming Control Board.
The year’s leader was the Philadelphia Park Casino and Racetrack, which opened last December, with a total of $632 million. A Harness establishment, the Harrah’s Chester Downs, was second at $449 million, even though it just opened in January.
The Mohegan Sun at the Pocono Downs, which is another horse racing harnessing track that opened in November, had a total of $352 million in slots revenues. The Presque Isle Downs, which opened on March 1, 2007, produced around $141.9 million in total profits after being open for just 3 weeks.
Under the Pennsylvania Race Horse Development and Gaming Act, about 12% of the adjusted gross profits from people who play slots at the racing tracks will go directly to purses and the breed development geared for Thoroughbred and Standardbred racing.
The racing tracks have their own profit target that they must attain. The profit target of Philly Park is around $6.6 million for the purses and breed development, the Chester Downs, whose actual meet will not begin until June 2007, a total of $5.1 million, the Pocono Downs, which will open on March 31, 2007, a total of $4.1 million and the Presque Isle Downs, which will debut their Thoroughbred racing on September 1, 2007, a total of $1.58 million.
Slot machine gambling is seen as the only source of new revenue that could support property tax reform even as observers note that once slots are jumpstarted, the game is very likely to slash the earnings currently being made by the state lottery.
The AP has noted that in Illinois, Iowa and Michigan, lottery revenues dropped for many years after casinos were opened. Lottery earnings only climbed back up after lotteries expanded their offerings.
Still, some Pennsylvania revenue officials maintain that there are different folks for different games so the slots being opened might have only a slight or negligible effect on the lottery.
Analysts are calling on the officials to play the market very carefully as revenues from lotteries and slots are allocated for separate beneficiaries.
While lottery sales are for senior citizen programs, slots revenues are for public education. The other game’s loss may be another game’s gain, but beneficiaries can be gravely affected.
Hence, Pennsylvania gaming authorities are being asked by the analysts to consider what other states have done – increase the promotion of the old game to coincide with the introduction of the new one so the market of the old game will stay, without sacrificing the market of the new game, which could promote for itself by merely being a new offering.
A bill allowing slot machines at both Indiana Downs and Hoosier Park passed the first barrier on Wednesday, February 14th as it was approved via a vote by the House Public Policy Committee. The result of the vote reveals that 9 are in favor of the bill while 3 are against it.
House Bill 1835, authored by Trent Van Haaften, will allow up to 2,500 machines for both race track locations. The bill will require these race tracks to pay $75 million as franchise fees. In addition, when each slot facility is operational, each track will pay another 32.5% tax revenue of up to $150 million. Moreover, when the tax receipts surpass $150 million, the tax on revenue will further increase to 37.5%. At present, the racing industry receives an annual subsidy of $27 million from riverboat tax revenues.
House Bill 1835 will go to the Indiana House for further study and consideration. State racing stakeholders have tried to pass slots legislation for the last several years, but failed. In 2006, for instance, slot legislation bills were filed, but did not even make it to a committee hearing.
On March 29, 2007, with the promise of a potential cash windfall intended for tax relief, the state senate in Indiana voted 27-21 last Thursday to permit slot machines at 2 horse racing tracks in Indiana.
House Bill 1835, which was advertised by its supporters as the answer to the dwindling customers at the racing tracks, would permit the Hoosier Park in Anderson and the Indiana Downs in Shelbyville to shell out $400 million for the licensing fee, which will allow them to put up around 1,500 slot machines.
Lawmakers are considering the potential money source as the long awaited answer for a property tax relief plan and the suggestion to sponsor research money grants intended for the scientific industries in the state. The scientific goal was a part of Gov. Mitch Daniel’s plans to put the Hoosier Lottery on the lease that has been languishing in the Indiana House, which was primarily controlled by Democrats.
House Bill 1835, which will be sent back to the House of Representatives, will also allow the Majestic Casino to keep their own options open to relocate in the city of Gary. Majestic Casino owner, Don Barden, has also related the option to the city leaders.
He cannot take his casino licenses outside of Gary unless he convinces the lawmakers to modify the state law. The law will also permit riverboat casino from the regulation that they should always maintain a working riverboat engine, which can allow the company to save some money and reduce employees.
U.S. Sen. George Voinovich is ready to battle again with gambling proponents who want to expand legalized gambling in the state but warned that this time the foe is much stronger.
Voinovich, who opposes putting any proposal for slots machines in Ohio on the Nov. 7 ballot. “I’m opposed to the devastation it causes families,” he said. “The divorce, bankruptcy, suicide, embezzlement…the family is the most important institution we have and it’s being attacked on all sides.”
Voinovich cautioned voters that only people running the slots machines will benefit in the long run because of the billions of dollars that will be lost in state revenue and programs.
“They’re trying to pass this off as something good for higher education, and it’s not,” he said. “Is this really the way we want to raise money for higher education?”
The last time he faced off against gambling proponents was in 1996 as governor. Voters shot down a proposal for casinos in Ohio with a 68 percent to 32 percent vote, despite the fact that proponents raised $8 million while those opposed only raise about $1 million.
This time around the slot machine backers are starting with about $15 million, much of it to be used for a television advertising campaign. Voinovich hopes to raise about $1.5 million in the fight, but asks that others step up and voice their opposition on Election Day.
“People would be so much better off spending their money on automobiles and other durable goods,” he said.