Blackjack

LOS ANGELES (Reuters) - Las Vegas has cleaned up since its days as a magnet for ill-gotten mobster gains, but a Canadian insider trading scam has exposed the smaller-scale money laundering still going on in the desert city's casinos. Canadian Stanko Grmovsek admitted in a Toronto court earlier this year to making $9 million with a law school buddy in a 14-year illegal scheme. Court documents show he said he laundered some of it by gambling wads of cash on games like blackjack in Vegas's world-famous casino strip. His confession was a flashback to an era when Las Vegas's "Sin City" image made it ... Read Full Story

Connecticut's two casinos say slot machine revenue dropped about 4 percent in October compared with the same month last year. The Mashantucket Pequot tribe, which runs Foxwoods Resort Casino and MGM Grand at Foxwoods, reported Monday that slot revenue for October totaled $54.8 million, down from $57.1 million in October 2008. The Mohegan tribe, which operates Mohegan Sun, said it took in $62.9 million from its slot machines, down from $65.4 million from October 2008. Compared with September's slot revenues, Foxwoods and MGM Grand earned nearly the same in October, while Mohegan Sun saw about a $3.5 million, or 6 percent, increase. Both casinos ... Read Full Story

Your very own experience with online casinos are made better with high technological software and overwhelming bonuses that which are given by these popular gaming sites. These two can make you forget that you are not inside a real land based casino but playing from the comfort of your home on the internet. Players the world over check for compatibility of the software used by gaming sites on their computer before signing up at an online casino. Nonetheless, it is very attractive when choosing for an online casino that they have lucrative freebies to give its members. It varies from casino to casino, but ... Read Full Story

More Missouri casinos have been fined and workers disciplined for underage gambling since voters eliminated ID cards that tracked how much money people were betting. Since November 2008, regulators have levied five fines against casinos in cases involving underage patrons and disciplined 56 casino employees. From 2006 until November 2008, the Missouri Gaming Commission fined just one casino and disciplined 30 workers. Regulators say there is a link between the increase in penalties and the elimination of player cards. The casino industry disputes that and is studying better ways to keep underage people out of Missouri's 12 operating casinos. A 2008 ballot measure overwhelmingly ... Read Full Story

Louisiana's state-licensed casinos came out of the year after the September 2008 financial meltdown not much worse for the wear — at least as far as taking in money from gamblers — and much better off than casinos in many other states. Figures released Tuesday by state police show that, from October 2008 through last month, the 13 riverboat casinos, Harrah's New Orleans casino and the four race track casinos took in just under $2.54 billion. That's only a tad off the $2.57 billion won from gamblers from October 2007 through September 2008. Among the state's competitive casino markets, Lake Charles saw a 6.3 ... Read Full Story

After nearly a year of delay because of the national freeze in credit markets, Pinnacle Entertainment Inc.'s proposed riverboat casino in Baton Rouge has been put on a schedule that could see the games begin in late 2011. Without objection, the Louisiana Gaming Control Board on Tuesday approved a revised development schedule for the $250 million plan after Pinnacle officials told regulators that financing would be available for the project. Earlier this year, the company said it probably could sell bonds, but high interest rates would make the project financially prohibitive. But Carlos Ruisanchez, Pinnacle's executive vice president for strategic planning and development, said ... Read Full Story

HONG KONG (Reuters) - Macau's move to review gaming rules in the world's fastest-growing gambling market could brighten the outlook for casino stocks as potential curbs would help profits by limiting oversupply, analysts said on Tuesday. Shares of Macau casino operators recovered most of their losses after falling as the Macau government (www.gov.mo.) said it was considering rules that might limit the number of tables and raise the age limit for casino customers. Analysts and brokers however said investors' fears were overdone and did not reflect the outlook of Macau's six casino operators, among them Las Vegas Sands <LVS.N>, Wynn Resorts, Galaxy, SJM Holdings ... Read Full Story