Losing Casino

Losing Casino

Macau In Danger Of Losing Casino Clout After Taiwan Ruling

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It was not long ago, only a couple of years in fact, that Macau overtook Las Vegas as the casino gambling capital of the world. Unlike Las Vegas, however, it appears that Macau’s dominance will be short lived.

Macau casinos have already been struggling as of late. Big resorts were built, but new travel restrictions from mainland China have hurt business. Now, the knockout punch may be coming to an area that thought they would dominate the casino industry for a long time.

On Monday, the final hurdle was cleared for casino gambling to become prevalent in Taiwan. Taiwan’s legislature passed a Bill that would allow casinos in Penghu, Kinmen, and Matsu. It is not yet known how many casinos will be operating in those areas.

Singapore has also recently approved casino gambling, and in combination with Taiwan, it could have devastating effects on Macau. The island were hoping to have the casino market all to themselves.

It is not necessarily that the legislature was excited about bringing casinos to Taiwan, but it was something they felt needed to be done. Their tourism had been hurt by Macau and they are planning on using the casinos to help boost the tourism in Taiwan.

Casinos in Macau have had a drop in revenue numbers in the past six months. China is expected to lighten their travel restrictions in 2009, but that may be offset by the addition of casinos in Singapore and Taiwan for Macau.

With The Stakes Rising, Gambling Landscape Changing In The US

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In Black Hawk, Colorado, there are casinos that have done well for a while now. Lately, however, competition from other areas has raised the stakes for these casinos, literally.

Residents of the town are expected to raise the maximum bets $95. Currently, casinos can have max bets of $5, and there is a proposal to raise those bets to $100. Also on the table is adding roulette and craps to the casinos in Black Hawk.

They are not the only area that is raising their stakes. Other states have also had to make adjustments to their betting laws to ensure they can continue to compete on a regional and national level.

The economy is not helping matters. Revenue is declining at casinos all across the nation and the landscape is such that many of these casinos are turning to expansion to stay afloat. It is not only casinos that are raising the stakes.

Individual states have added options to their lottery systems. In Florida, they recently added the multi-state Powerball lottery, and other states have used creativity in areas such as pull tab lottery tickets.

It is predicted by many experts that this is just the beginning of the legalized gambling movement in the US. One expert has predicted that eighty percent of states in the US will have casino gambling in the next ten years.

Lottery

Lottery

Lottery To Be Available in More Places in Sydney, Australia

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In the United States, it is taken for granted that any person may just go into their local convenience store or gas station and buy a lottery ticket, now the people of Sydney could enjoy that same luxury.

As the movement toward legalize gambling sweeps across the world, people in Sydney will find out what much of the rest of the World already experiences, the dream of becoming rich through the lottery.

NSW Lotteries has begun a trial in which they have allowed lottery sales in convenience stores, the end result could end up where patrons could go to a 7-Eleven at any time, 24 hours a day and purchase lottery or scratch off tickets.

Pubs and clubs could be the next in line to be able to sell the lottery tickets.

The government has stated their desires to reduce the number of gambling machines, and they have tried to link their efforts to helping problem gamblers by doing so. The figures, however, do not support that claim by government.

Federal Treasurer Peter Costello is against the expansion of gambling, and has stated that Australia already has more poker machines than any other nation, referring to the ruling this week that Keno would be allowed in hotels.

He also claims that people who think the gambling revenue is high, should not forget to factor in the money that government gets against the money government spends to help problem gamblers.

Florida Starts Year Round Live Horse Racing Simulcasting

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At 12:25 PM today, Saturday, September 22, both Broward County racetracks, Gulfstream Park Racing & Casino and The Isle Casino & Racing at Pompano Park, will begin simulcasting races from other racetracks.

A 1996 law that was passed by the legislature that banned simulcasting at tracks except when they had live racing, was overturned as unconstitutional.

The Florida Supreme Court earlier this month decided that the law was passed as a general act covering the entire State when it should have been a local bill, as it affects only those two racetracks and Calder Race Course in Miami.

Legislators failed at the time to conduct public hearings on the issue, or give notice of the bill, which was the basis of the court’s decision to overturn.

So Broward County is now ready to enjoy year-round horse racing as well as Vegas style slots. If this is the type of entertainment that you enjoy and you live in Broward, County Florida now is the time to experience it.

There is sure to be a level of discomfort from the anti-gambling groups within Florida, and the recent surge in expansion in Florida will be threatened if those groups decide to pressure the legislature to do more about expanded gambling.