Will Aussies Ban Pokies? New Legal Challenge is Placing Money on It

Will Aussies Ban Pokies? New Legal Challenge is Placing Money on It

A brand new lawsuit will seek to establish that the slots industry in Australia is in breach of consumer law because they are deceptive and addiction that is encourage.

Australian poker machines (‘pokies’), or slots, because they are known in the US, are an industry that is multi-billion-dollar. Did you know, for instance, that there are five times more slot machines per capita in Australia than in America? Or that throughout the last 12 months, growth in gambling has outpaced the growth of the economy that is australian 100 percent.

Politicians, anti-gambling groups, spiritual organizations, etc., are profoundly worried about whatever they see as a gambling epidemic in the united states. And maybe they should be.

Aussies spend more per head on gambling than any other country into the global world, studies show; an extraordinary $1,179 in 2011-12. That’s above twice as is gambled per capita in the US and three times just as much as in the UK.

The majority of this goes on pokies. Australians lose around $11 billion annually regarding the devices, which comprises almost two-thirds of the united states’s gambling yield. And curiously, while gambling spend is up these days, the proportion of the population actually engaging in gambling has dropped over the very last 15 years, from 80 per cent in 2000, to 68 percent in 2014.

Machines are Deceitful

With figures adjusted for inflation, and assuming these s Read more

Japan Not Any Longer Offers Las Vegas Casino Companies’ Undivided Attention, as Brazil Emerges as Target

Japan Not Any Longer Offers Las Vegas Casino Companies’ Undivided Attention, as Brazil Emerges as Target

The major Las Vegas casino companies have been concentrated on Japan’s forthcoming gambling market for months, but the Asian country no longer has their complete attention.

The pool in Rio where Michael Phelps won his record 23rd gold medal now sits in disrepair. Billions in debt, Brazil is looking to legalize gambling to simply help offset its losses, and Las Vegas casinos are chomping at the bit.

Almost 11,000 miles away in South usa, Brazil’s steps to legalize gambling enterprises has quickly attracted the eyes and ears of most world’s leading gaming and hospitality conglomerates.

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Las Las Vegas Sands and Caesars Entertainment both recently confirmed that they’re actively looking at Brazil for possible expansion.

Owned by billionaire Sheldon Adelson, Sands has lots of experience casinos that are operating associated with the united states of america. The entire world’s casino company that is richest has multiple properties in Macau, China’s special gaming enclave, as well as the $8 billion Marina Bay Sands in Singapore.

Almost away from bankruptcy, Caesars can also be dedicated to growing its brand internationally. That’s a change that is big the business who has largely focused on domestic properties throughout its history.

‘You’re looking at exactly what could be significant markets,’ Caesars Executive Vice President of Public Policy Jan Jones Blackhurst told the La Read more

Delaware Brick-and-Mortar Casino Sector Advisory Board Holds State’s Fate, While Keeping Cards Close

Delaware Brick-and-Mortar Casino Sector Advisory Board Holds State’s Fate, While Keeping Cards Close

The Delaware casino that is land-based has been struck hard by increased competition from brand new areas in neighboring states, as the more recent and shinier casinos of Pennsylvania and Maryland outperform its three struggling, and highly taxed, racinos.

Dover Downs is Delaware’s biggest and only publicly traded racino, but high domestic taxes and increased competition over the state line means hard times for the property as well as the state’s two other racinos.

The sector, which comprises Harrington Raceway, Dover Downs, and Delaware Park, peaked in 2006, the year Pennsylvania began issuing its very first casino licenses, when slot revenues hit more than $650 million. By 2016, slots and table revenues combined had plunged to $398 million.

Meanwhile, outfall from the new MGM National Harbor, which started in Maryland year that is late last stands poised to be the final nail in the coffin. That property caused other casinos in Maryland and West Virginia to ramp up their own advertising drives, drawing even more customers away from Delaware’s ailing properties.

The three racinos cannot compete because they spend higher state taxes than their counterparts across the edge, and they’re begging legislators for help.

Taxed Out From the Market

This the Delaware’s Video Lottery Advisory Council (VLAC) met to discuss the status of Diamond State’s three casinos week. The council is Read more

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Poker News: Bohdanov Wins, James Chen WSOP Europe, Dash Dudley

Poker News: Bohdanov Wins, James Chen WSOP Europe, Dash Dudley

This week’s poker news focuses on three big winners through the week that is past. Let’s take a look at the recent events and roundup the outcomes. Renad Bohdanov, James Chen, and Dash Dudley each wins that are notched week in poker tournaments around the world.

Bohdanov Wins 350 Euro No-Limit Hold’em ‘Opener’ Event

We’ve broken the ice into the 2019 World Series of Poker event in its European schedule. Renat Bohdanov has claimed the win that is first making the very first gold bracelet passed out. Bohdanov emerged from a field of 1,011 entries to win the 350 Euro No-Limit Hold’em ‘Opener’ Event, capturing their first-ever gold bracelet in the process. The 34-year-old from Ukraine received $59,546 USD to take home the top prize in the competition. He also received a 10,300 Euro ticket in to the future 5 million euro guaranteed event that is main.

In addition to the award money and the ticket into the main event, Bohdanov was awarded 384 Card Player Player of the season points. The top three finishers at this event each cleared $25K USD. Norbert Mosonyi won $36,754 for his runner-up finish while Eyal Bensimhon took house $25,958 USD for placing third only at that event.

Chen Wins World Series Of Poker Europe 250K Euro Super High Roller

How about $3 million for a week’s work? That is exactly how Taiwanese poker pro James Chen is feeling after winning the World variety of Poker 250K Euro buy-in no-limit hold’em sup Read more