Eleven people, four Alabama state senators and seven others, were charged by federal agents with being involved in a bribery scheme to pass electronic gaming legislation. And a related case involves a $2 million campaign donation, to one of the senators involved, from a lobbyist. In 2009 and 2010 casino owners and lobbyists tried to [...]
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It’s been said that there is “no money like won money.” But playing Texas Hold ‘Em is so 2005. Fortunately for us, the sheer number of bizarre (and entertaining) ways that gamblers are upping the ante these days is truly hard to believe. To that end, check out these 15 Most Outrageous Bets Ever Made [...]
When we come across a news article like this feature in Money Magazine, we can not help but feel some home state pride. Source Money Magazine has rated Ann Arbor, Michigan #46 in the top 100 places to live. And we certainly won’t argue the point. (We might even rank it higher!) While it has [...]
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According to the news article at the Detroit News, investors in the the troubled Greektown Casino claim the Sault Ste. Marie Tribe of Chippewa Indians can not invoke federal laws to assert ownership of the casino property. Greektown Casino has had some problems previously finding management to run the casino before June 30th. But now [...]
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Ran across an interestting article from a former Detroiter, Mary Riddel turned economics professor at UNLV comparing the problems staring at Las Vegas with the problems that hit Detroit (and Michigan) in the 1970′s and continue today. As we all know from living here, Michigan and Detroit have struggled to diversify their economy away from [...]
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Ohio Casinos are coming. Ohio voters last night approved Issue 3 by approximately 53% to 47% margin. Casinos can now be built in Toledo, Cleveland, Cincinnati and Columbus. This will definately have a negative affect on nearby states’ gambling revenue as more Ohio gamblers will stay closer to home. For a look at reactions from [...]
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Have you ever wondered why more states don’t offer sports betting? Sure, just about every city in every state has bingo in one form or another. State Lotteries seem to be expanding their gaming options. And, you can see new casinos popping up everywhere with all kinds of table games and more. However, very few [...]
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Having visited Las Vegas recently, I can definately say that room rates were definately down from prior years. Granted, August is a slow time for Vegas, but rates were still less expensive than I can remember. In my case, I checked in to the Rio and spent 4 nights with a strip view for only [...]
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An interesting take on legal gambling and it’s fiscal positives and social negatives is excerpted below. Focusing on the casino industry in Michigan, it details the highs and lows of casino expansion throughout the state. Within the MGM Grand Detroit Casino, customers can grab a Starbucks latte, get a massage at the spa, buy a [...]
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Three former high-level executives in the casino industry recently got together to discuss the downturn in Las Vegas and the gaming industry in general. Some of the their observations about Las Vegas and it’s problems hold true for tribal gaming and even the charitable bingo market. Anyway, its a good read and gives you some [...]
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