Vegas Turnaround

2018 is forecast to be a good and stable year for Vegas casino enterprises. Vegas was in a much more difficult situation 10 years ago when the 2008 recession hit. Today financial consultants are looking at the Vegas turnaround in an effort to learn lessons that can be applied to other regions.

2008 - What Happened?

The recession of 2008 actually started in late 2007. Most analysts believe that the crisis was triggered by banks' lending policies which created too much money too quickly. This pushed up housing prices and led to a dangerous level of speculation on the financial markets.

UK Casino Money-Laundering Concerns

Allegations regarding money laundering activities have led to the issuance of letters from the UK Gambling Commission to 17 online casino operators. The letters specify the allegations and warn the operators that the Commission will revoke their licenses if action is not forthcoming to prevent money laundering through their sites.

The warnings, which could potentially impact similar land-based Vegas casino UK sites, details the consequences that the casinos could face if they don't improve their anti-money laundering measures. The Gambling Commission acknowledged that the casinos were making efforts to stem the practice but their current policies aren't enough. The Commission called into notice the “serious nature” of its findings which also focus on problem gambling.

Cryptocurrencies at Online Casinos

Playing Vegas casino games using cybercurrencies is a gamble in itself. Cybercurrencies are new and there's an element of insecurity in using them. Yet some of the world's biggest investors have put their eggs in the cybercurrency basket – maybe not all of their eggs, but a significant portion of the basket. That sends a message to others that those in the financial world who are up-to-date on the trends and options see cybercurrencies as the wave of the future.

What does this mean for the casino industry? For the casinos and for their patrons?

Win $100 at Slots

Slots are one of the most popular forms of casino entertainment worldwide. They're fun, easy to play and offer a chance to enjoy a potentially money-making activity that meets your interests, fantasies and personal gaming level.

Most people play slots simply because they're a fun distraction. Playing the slot machines don't require knowledge of gaming skill or techniques or the need for high betting levels.

So what do the experts say about your odds of actually winning at slots?

Macau Casinos

Travelers who are looking for a chance to blend their visit to an exotic culture with some gambling entertainment will enjoy spending some time in Macau, Macau's past as a Portuguese colony allows it to present a unique blend of Eastern and Western cultures that enchant and enthrall.

In recent years Macau has built on the country's gaming history that stretches back for more than 300 years to develop an extensive gambling industry. The country now boasts some of the most luxurious casino venues in the world that bring travelers who are interested in high class resort tourism to the country.  

Stephen Wynn Resigns

Las Vegas is in a state of turmoil after allegations of sexual misconduct forced casino mogul Steve Wynn to resign from his position as chairman and chief executive of Wynn Resorts. Ramifications of Wynn's exit are will be felt for many years.

#MeToo hit Las Vegas with a bang after allegations of sexual misconduct were made against casino mogul Steve Wynn, chairman and chief executive of one of Vegas's biggest gambling operations. Wynn's visions of how to build the gambling empire of the world have been adopted by other resorts and casinos, making him the acknowledged chief architect of 21st century Vegas.

Super Bowl Betting

Las Vegas sportsbooks bettors placed a record $150.58 million on Super Bowl bets but it wasn't all good news for the bookies. Oddsmakers almost universally named the Patriots as the favorites in almost every category but that's not how it played out on the field,. Eagles fans, including a mystery $3 million deposit, took most of the cash right out of the Las Vegas bookmakers' hands.

Those who were willing to take a chance on the underdog Eagles enjoyed a rewarding night while the books took home just $1.1 million – their smallest total profit since 2011 when the Green Bay Packers scored a victory over the Pittsburgh Steelers.

Tribal Lands Casinos

In 1987 the Supreme Court ruled that states that offered legalized gambling could not regulate gambling on Native American lands. Since that time numerous tribal governments have opened casinos. They look to casino gambling as a way to generate jobs in the often-remote areas and bring in needed funds.

Surveys of these casinos show that, by and large, the casinos haven't produced the desired results. The rate of tribal members who receive welfare hasn't decreased, unemployment rates remain high and significant numbers of reservation residents still live on land with no water or sewer intrastructure.

Agua Caliente Casino Resort Spa Expansion

The US casino world continues to evolve and expand. What's one of the newest and brightest casinos on the scene?

The Agua Caliente Band of Cahuilla Indians recently announced that it is reviewing an expansion proposal that would enlarge its Casino Resort Spa facility.

The tribe has plans to add over three hundred new hotel rooms to the sort in addition to an additional  58,000 square feet of gaming space. The casino has been operating for 16 years and has already proved that it is a profitable venture for the tribe, bringing revenues and jobs to the region that's located approximately 2 hours east of downtown Los Angeles.

Responsible Gaming

Elizabeth Cronan, the American Gaming Association's senior director of gaming policy explained the thoughts behind the code. "[Responsible gaming] is an everyday, year-round responsibility that we have to every player that walks through our doors and onto our casino floors….. We appreciate that this is an issue that must be top-of-mind industry-wide for all employees, from those who interact daily with consumers on the gaming floor to the senior executive leadership and the boards of directors."

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