Online Casino BTDino

2006-02-28T17:07:00.000-08:00

Games are over, all links to this blog were deleted so it'll probably fall fast 'n deep but who cares?

I made myself some sweet cash bloggin' here and in the end, that's what it's all about isn't it?

Have Fun ;-)

Casino blog unblocked

2006-01-12T09:31:00.000-08:00

It looks like my blog for the online casino btdino contest has been blocked for quite some time. Apparantly they confused me for a spammer. I wonder where that idea came from :-)

April Simmons, a Grand Victoria Casino employee from Yorkville, Illinois, was killed in a car crash. She was nine months pregnant, but her unborn child could not be saved. John Homatas, 24, from Wayne, has been charged with reckless homicide and driving under the influence. Investigators claim the accident occurred as Simmons was making her way home from the casino. Homatas, who was driving in the opposite direction, crossed the center line at a high speed so he could pass other cars.

Homatas' passenger, John Chiarello, died as well. Homatas himself suffered horrible injuries and is currently in a drug-induced coma at the Advocate Lutheran General Hospital in Park Ridge.

China's 18th casino, the Emperor Palace Casino, opened in Macau this Thursday. About 20,000 people visited the casino on its first day of business, where an opening celebration was held with action film star Jackie Chan as the host. Other visiting celebrities included Michael Hui and Louis Koo.

The hotel-casino, built by Emperor Entertainment Hotel Limited, holds over 300 brand new slot machines on three levels of casino gaming space, which also feature all of the classic table games, geared toward both high and low rollers. The casino also has a flashy entrance: 78 pieces of gold bars have been placed underneath the casino's lobby floor. They are heavily guarded 24 hours a day.

Emperor Entertainment Hotel Limited's Executive Director, Vanessa Fan, was reported as saying, "The grand opening ceremony of our hotel has been scheduled for 20 January 2006. With the Macau economy developing rapidly and China continuing to relax travel restrictions, we believe the gaming industry in Macau will continue to boom and present us with abundant lucrative opportunities. "

What's with the btdino?

2005-12-07T17:33:00.000-08:00

The Missouri Gaming Commission ruled last week on three cases against the Isle of Capri Casino. The casino, located in Kansas City, will pay a total of $165,000 fines for disciplinary incidents that date back up to four years.

The incidents include a case in which the casino did not report to the Gaming Commission that a patron's purse had been stolen in September 2003. That same year, the casino failed to report a patron's complaint that he had been threatened with a knife and also did not inform the commission about a person who had tried to enter the casino using a fake ID.

The oldest case dates back to 2001, when the casino failed to report that a casino security staff member had taken a player into custody for questioning.

Fortuna Gaming Corporation, a company that “plans to become a leading mobile and online provider for the Internet gaming entertainment industry,” has inked a Letter of Intent to acquire an online casino company and all of its shares. The company has chosen to keep the casino's name confidential until the deal closes sometime in the beginning of next year's second quarter.

The acquisition will include an online gaming software platform that will support over 80 interactive casino games in 15 languages and four currencies. The company also expects the acquisition to bring it 65,000 active players, along with a database of 650,000.

Fortuna Gaming Corporation President, Doug Waugh, was quoted as saying, "This acquisition is a key component of the Company's growth plans as it brings an international player base of approximately 650,000 and a team of programmers and customer support personnel to the Company. Rather than growing the business organically, we can now offer our mobile and wireless products and technology to an established player base using the Seller's on-line casino products and systems."

Woman admits casino theft

2005-12-04T14:48:00.000-08:00

According to federal authorities, organizers of a phony marriage scheme courted individuals with major casino debts, offering them the chance to marry Vietnamese and Chinese nationals in exchange for annulling their gambling debts. These Asian citizens paid the gang large sums of money for their assistance in obtaining U.S. green cards in such an unusual manner. Among the hottest recruiting sites were the Morongo Casino and Resort in Cabazon, California, and the Bicycle Casino in Bell Gardens, California.

After a long-time investigation, U.S. officials arrested 55 individuals this week on suspicions of being involved in the phony marriage operation. In addition, Marian Therese Thai, a resident of Westminster, Colorado who is suspected of heading the organization, turned herself in to authorities on Friday. Thai is charged with conspiracy, harboring aliens, marriage fraud and other felonies.

Officials were reported as saying that the gang, called Operation Newlywed Game, was extremely complex. The operatives charged Asians up to $60,000 to wed American citizens with casino debts, who were willing to commit a felony for the right price. Thai is suspected of producing fake wedding pictures, love letters and joint tax returns. The scam was revealed by immigration agency employees who caught U.S. citizens petitioning for more than one spouse to be given green cards.

Heather Tallchief, 33, has turned herself in and pleaded guilty to bank and credit union embezzlement and passport fraud. The woman admitted driving a car full of cash from the Circus hotel-casino in Las Vegas to a garage, where her son's father and partner in crime, Roberto Solis, loaded it to another vehicle. The two fled the country and Solis, an ex-convict, remains a fugitive. Tallchief has lived in Amsterdam since 1993 under a fake name.

Tallchief reported she has no clue as to Solis' whereabouts, nor where the $2.9 million they stole is. However, she has agreed to repay the casinos' money by selling copyrights to any author or movie producer that may be interested in her story.

Caisno btdino online

2005-11-23T08:10:00.000-08:00

Dan Bland, a Natchez developer who has been helping Cato promote the project, was reported as saying that a final approval by the Commission would mean that Cato can finally start constructing the casino, and it would show that he has already secured funding for the project. Also, according to Bland, the new casino is expected to create as many as 400 job vacancies for residents of Natchez. However, prior to producing a final approval to Cato's current casino request, Commission members must approve his revised site and development plan.

Customer service consulting firm Robinson & Associates, Inc. has published a new tip for the casino and gaming industry. The tip recommends that casino management motivate employees to provide good customer service to all casino customers, regardless of the depth of the their wallets.

“Challenge your employees to do a better job with guest service,” says the tip, which recommends sending workers to non-gaming companies with a great reputation in customer service. That way, the employees may see the level of service that they are expected to provide.

In addition, the management should set an example themselves. “When casino employees see management going out of its way to provide great service – and not just to high rollers – they respond. Outstanding guest service starts at the top.”

Florida developer Charles Cato plans to address the state Gaming Commission, asking Commission members to approve locating the Emerald Star Casino near Natchez. If the Commission approves Cato's request, the new casino facility will be located in proximity of the Mississippi River bridge, adjacent to the Ramada Inn Hilltop.

This is not the first time Cato is trying to have a casino construction plan approved. In 2003, Cato had already discussed with city officials the possibility of locating a casino at the city-owned Roth Hill property. However, since the parties failed to reach an agreement, the negotiations went down the tube.

David Halligan, 44, from Stockport, UK, was sentenced this past Friday to seven years in prison on account of conning £905,000 out of various victims in order to fund his gambling addiction. He then lost all the money in casinos across the UK over a period of 12 months.

Halligan's cigarette vending firm went bankrupt in 2001 after he used all of its money to gamble in casinos. At one point, he lost as much as £20,000 in one sitting at a Blackpool casino. He was jailed at Minshull crown court after pleading guilty to various charges of deception and conspiracy to defraud.

Jammer casino almerico

2005-11-19T17:11:00.000-08:00

"Las Vegas is the perfect host city to bring new energy to The Miss America Pageant as we continue to grow our brand. It will truly be exciting to take our contestants there. It should make for a fantastic pageant and great television," said Art McMaster, president and CEO of the Miss America Organization.

The city of Budapest was aghast Wednesday afternoon when two mobs, comprising a total of an estimated 30 people, attacked each other at a BTdino casino. The affair resulted in a considerable amount of property damage and the arrests of 14 people involved. The clash was the outcome of a disagreement between two groups fighting for control over the Grand Casino, an electronic gaming hall.

The Police had been asked in advance to secure the location between noon and 1pm, as the property was being handed from one group of renters to another. However, another group, which wished for control over the casino and was turned down by a local government, arrived at the scene.

The two groups broke into a debate that quickly evolved into a giant mob fight with dozens of men wielding guns, iron rods, aces and a Molotov cocktail. The cocktail did not explode and the only person injured in the affair was a security guard.

New Zealand's Ministry of Health has released worrying statistics, which report a sharp rise in the number of people seeking help for gambling problems. The Problem Gambling Intervention Services in New Zealand: 2004 National Statistics have supplied an overview of these statistics and include information assembled by various problem gambling services, as well as New Zealand's Gambling Helpline. The statistical overview offered by the study covers the 2004 calendar year.

Dr. Janice Wilson, Deputy Director-General of Mental Health Services: "Each year the total pool of people who access problem gambling services has continued to increase. Last year, four out of every five new gambler clients to problem gambling service providers sought help as a consequence of their gambling on non-casino gaming machines."

The Ministry of Health's obligations include preventing and minimizing gambling damage by raising public awareness of the dangers of gambling. The Ministry works together with various local communities, helping them provide information on gambling addiction warning signs and information on how people can be aided. It also provides a budget for various treatment services to help those in need.

However, there is some good news. Statistics show that 80% of the people turning to “face-to-face services” benefit from it.

"This is reassuring,” Wilson adds, “However, we also know a large number of people are not seeking help. We need more information about possible barriers that may be preventing people from seeking help for problem gambling, and the Ministry of BTDino will further extend the availability of services."

The statistics report the following as well: The number of women seeking for help exceeds the number of men for the first time in history; most Pakeha/NZ European and Asian clients are male (60% and 79%), while the majority of Maori and Pacific clients are female (70% and 62%); 92% of new Maori clients prefer non-casino gaming machines for gambling.

The Miss America Organization and CMT, America's most popular country music network, have officially announced that the 2006 beauty pageant will not be held at an Atlantic City casino, as in past years. The competition will be aired live on Saturday, January 21st at 8p.m. ET/PT on the CMT channel from the Aladdin Resort & Casino, soon to be known as Planet Hollywood Resort & Casino.

"We are thrilled to host the Miss America Pageant at the Aladdin, future home of Planet Hollywood Resort & Casino. This event belongs in Las Vegas, and where better in Las Vegas to hold it than on this property. We have the most central location on The Strip and we are home to the most beautiful theatre in the city," added Michael Mecca, president and CEO for the Aladdin Resort and Casino.

Btdino casino online

2005-11-14T11:19:00.000-08:00

The Chippewa Cree tribal council is seeking to obtain the Rocky Boy's reservation's first license for alcohol sales. The Montana-based tribe reportedly wants a legal permit to sell liquor at the 15-square-foot casino and hotel complex planned in the tribe's new industrial park near Laredo. Currently, the reservation is forbidden to sell alcoholic beverages.

Supporters of the idea, like council member Raymond Jake Parker, are pointing to the economic benefit such a license could bring. Bob Swan, financial manager of the Chippewa Cree Community Development Corp., was reported as saying that adding a sports bar to the casino would increase the casino's profits by 25%. Also, if tightly controlled, the issue would not greatly affect the reservation, as opponents fear.

According to Gene Huntington, administrator of gambling control for the Montana Department of Justice, the tribal casino could either be awarded a new liquor license, or purchase it from an already operating business. At present, tribal officials are cooperating with NORAM, a casino-building company from Florida, to build the future gaming facility. The entire project carries a $9 million price tag.

A new project has taken off in St. Louis County, Missouri: A new casino, scheduled for opening in 2008 near the Mississippi river. Pinnacle Entertainment Inc. (NYSE: PNK), the project leader, broke ground on Tuesday. The project, worth $375 million, will result in the creation of a “multi-faceted destination resort” in the county.

The company, which owns and operates casinos in Indiana, Nevada, Louisiana and Argentina, and previously operated a casino in Biloxi, Mississippi, has named the project “River City(SM) Casino & Hotel.”

The complex will include a 100-room hotel with full service spa, restaurants, bowling alley, movie theater and other attractions. The casino will hold 3,000 slot machines and 60 table games. Together, the hotel and casino are expected to create over 7,000 different jobs, ranging from construction jobs to permanent and ancillary service jobs.

Charlie Dooley, St. Louis County Executive, emphasized the importance of the project to the area: “Pinnacle's River City [Casino & Hotel] project will truly be a unique destination in our region and will create jobs and vital economic activity in Lemay. More than that, the birth of River City means the environmental clean-up of a long-abandoned industrial site, and the creation of a new and long-needed road in the County. The River City groundbreaking signals a new day for Lemay and South County, and we are very pleased to have Pinnacle Entertainment as the County's newest corporate neighbor.”

In addition to the River City(SM) Casino & Hotel, Btdino Entertainment is also building a $400 million casino, hotel & spa in downtown St. Louis. It broke ground in September 2005, and the company expects the casino to open in 2007.

Daniel R. Lee, Chairman and CEO of Pinnacle Entertainment: "We are very excited to begin work on River City. This project will be an important part of our company in the years to come. It will truly be a destination, a city unto itself, offering a wider array of entertainment amenities than any other single venue in the region. The community of Lemay has been enthusiastic about our project from the beginning of the selection process here in Missouri, and we will build something of which they, and all of St. Louis, can be proud."

Casino btdino online

2005-11-07T07:42:00.000-08:00

The robbery took place yesterday, just before 2a.m., at the Online Casino BTDino in Billings, Montana. A man, armed and masked, demanded money from the clerk at the cash register. Once the money was his, he darted out of the casino and was last reported running south. None of the casino's staff members or guests were harmed.

Witnesses claimed the casino robber was a white male, wearing a black sweatshirt, blue jeans and a black mask, wielding a dark colored hand gun. No suspects have yet been identified.

Crown Casino, located in Melbourne, Australia, values its Asian clients to such a degree that they are willing to cater to superstitions held by of some of them. After having previously hired the services of Feng Shui master James Zheng, who advised owners on where to place their equipment for good luck (although whether it's the casino's luck or the customer's is debatable), they have now hired Buddhist monks to preform a spirit cleansing ceremony.

Spokesman Gary O'Neill confirmed the incident, and reported that it all began when a couple of customers asked for the ceremony to take place after they complained about a poltergeist haunting the casino's lavatories. The three monks were hired to calm the worries of the casino's superstitious gamblers.

Online casino btdino signed a contract with several internet casinos to provide use of its SmartNet device over the course of five years. SmartNet's key features include high security protocols, which TVG developed in conjunction with Intel, for the safe transfer of money over the internet using a mobile device. SmartNet's security measures employ the Java smart card from Sun Microsystems.

As part of the agreement, TVG and BTDino Casino planned for joint construction of a new plant in Switzerland, to produce the SmartNet device. The corporations plan to finance the approximately $3 million with help from Swiss government tax-free benefits and loans.

Casino Queens

2005-11-06T11:11:00.000-08:00

It appears Genosha isn't the only place where mutants work for the “normal” humans. InterCasino.com has “inked a deal” with Marvel Entertainment, and will shortly release new games to its site, featuring characters such as Wolverine, Daredevil, the Fantastic Four, Spiderman and others.

"Our players demand the best, and that is exactly what we are providing them with Marvel Hero online slot machine offerings. These games have the best graphics, the most interactive options and the most entertaining bonus features of any casino on the web," said Peter Markus, InterCasino spokesman.

Ryan Hartley, InterCasino manager, was reported as saying, “We like to give our players an added incentive to game with us, whether through higher payouts, competitive rewards programs or innovative software. Our new Marvel Hero games are just another way of making InterCasino the most rewarding place to play."

Players can now join forces with Professor X in battling evil enemies during special bonus rounds, or go after military tanks and helicopters along with the Hulk. The online casino will feature detailed graphics, which are bound to leave Marvel fans, as well as casino fans, satisfied.

Local gaming giant Tsogo Sun is the proud winner of South Africa's Dealer Competition. The company's prize is a chance to represent South Africa in the International Casino Dealer Championship, which will commence at ICE 2006 in London. Should Tsogo Sun Casino's representative win the international competition, she will receive an all expenses trip for two to the Global Gaming Exhibition in Las Vegas, Nevada.

Winning the local casino championship was no easy task. The finalists had to face the judges, who were recruited from other competing South African casinos. The twelve finalists were given a quarter of an hour to display their skills, and were judged on their casino dealing abilities, including speed dealing, accuracy and style.

The Illinois Gaming Board has approved the Casino Queen's proposal to move nearly 700 feet inland. The casino will be rebuilt near the Casino Queen's hotel. However, the board has yet to approve the financing package for the $150 million project. Should the plan be approved, this will be the first time an Illinois casino moves inland.

A Casino Queen spokesperson, reported that the Casino Queen hopes to break ground on the new site around the first quarter of 2006, and to complete construction within up to 16 months. The relocation plan also includes selling the current three-level boat, which has been in use since 1993. The new one-level construction will hold 40,000 square feet of gambling space.

The new casino will offer 1,200 various games and gambling machines, which is the maximum allotted by Illinois law. In addition, higher ceilings will be constructed in the hopes of having an easier time ventilating the lingering cigarette smoke. Casino officials believe that this expansion will create an additional $1 to $1.5 million a year in gambling taxes.

Casino fights btdino

2005-11-05T19:43:00.000-08:00

According to a recent report, Coast Casinos, a Las Vegas based casino facility fined for missing a predetermined reporting deadline, filed an appeal to the Lancaster County District Court. The report in question is regarding the casino's $970,000 contribution to the Keep the Money in Nebraska Committee.

The Nebraska Accountability and Disclosure Commission levied the fine, maintaining that the casino missed the Nov. 10, 2004 deadline, until which it was expected to submit the required documents. The Commission reportedly rejected the casino's claims that it misinterpreted the state law explaining how to calculate the fine. Also, the Commission argued that the law complies with the Legislature's intent, and that the casino is obligated to pay the $97,000 fine.

It was then that Coast Casinos went to court. Company attorney Michael J. Leahy was reported as saying that while the casino admits to missing the deadline, it disagrees with the amount decided upon. According to the company, the fine should equal $100 for each day the casino passed the deadline, and not 10% of the entire amount stated in the papers, as the committee decided.

Casino nights have become a popular way to raise money for various charities. Many San Jose, California, groups have realized how much money these events raise, and have planned casino events to raise money for different causes. However, the Almaden Business Association was stunned when the Attorney General's office put a stop to such an event event, stating that it was illegal.

Organizers of the event were upset upon receiving a letter stating that they had to cancel their Texas Hold 'Em tournament, as a great deal of planning went into the casino night. The letter was sent only three days before the event was meant to take place.

According to California law, it is a crime to offer casino games anywhere other than a card room or a tribal casino. Casino fundraisers are thus considered a crime, even if they raise money for a good cause.

State officials in Kentucky have secured a grant for $36,300 from the Office of Homeland Security, meant to assist in keeping terrorism out of bingo halls. The state Office of Charitable Gaming says it will use the grant to guarantee that money from bingo and pull-tab games will not be channeled to fund terrorism.

Not everyone agrees, however, that bingo halls in less populous states like Kentucky are terrorists' prime targets. For instance, in larger metropolitan areas, like New York and Los Angeles, experts say that some major facilities remain prone to attack due to lack of funding.

Legislators and politicians from rural districts understand the benefits of receiving homeland security grants. It is for these benefits that officials cite terrorism whenever they apply for grants, even if they intend to use the funding for other purposes.

While authorities at the Office of Charitable Gaming insist that they intend to use the grant to block the flow of Kentucky bingo money to terrorists before it can start, others feel that extra funding and more official attention should be paid to local "bingo pirates,” who infiltrate charitable gaming operations and end up taking cash meant for worthy causes.

Foxwood resort casinos

2005-11-03T08:19:00.000-08:00

Foxwoods Resort Casino, by far the largest casino in the world, is upping the ante with regard to its poker offerings. The casino recently announced that it has a new, expanded poker room in the works, the addition of which would effectively increase the number of poker tables in the casino by 40 percent. Foxwoods' current poker room boasts 76 tables; the new addition would push that number up to 114.

Foxwoods, however, is taking care not to sacrifice quality in the face of quantity. The new, smoke-free poker room will make use of the latest card-room technology, from LED table components to automatic card shufflers and a cutting-edge seating system.

Foxwoods has already garnered a reputation as a major destination for poker, partially thanks to the World Poker Tour, which has made is the host venue for its final championship event. The new poker room, expected to open sometime in Spring 2006, will surely bolster the casino's standing in the poker community.

“We are continually striving to offer our customers the ultimate poker experience.” noted Kathy Raymond, Foxwoods' Director of Poker Operations. “More tables and cutting edge technology will translate into less waiting and more action for our players, as well as giving us an even greater opportunity to host premiere poker events.”

Everest Poker, an online poker room boasting a wide range of language options, has recently released its revamped internet site, www.everstpoker.com, along with its operating poker software. The redesigned and updated version of the site also includes a new branded logo, which features an impressive graphic.

Matson Jones, Everest Poker's Art Director was quoted as saying that the architects of the new design expect the new logo to generate strong brand recognition in the online casino market. According to Jones, “the new logo has been optimized for use in Everest Poker promotional items such as clothing, playing cards, poker chips and more."

Also, Jonathan May, the Property Manager for Everest Poker said, “the new website, software and logo reaffirms our commitment to continue Everest Poker's leadership as the only true multi-lingual poker room on the Internet."

Fight casino blog spam

2005-11-01T14:07:00.000-08:00

It appears Genosha isn't the only place where mutants work for the “normal” humans. InterCasino.com has “inked a deal” with Marvel Entertainment, and will shortly release new games to its site, featuring characters such as Wolverine, Daredevil, the Fantastic Four, Spiderman and others.

"Our players demand the best, and that is exactly what we are providing them with Marvel Hero online slot machine offerings. These games have the best graphics, the most interactive options and the most entertaining bonus features of any casino on the web," said Peter Markus, InterCasino spokesman.

Ryan Hartley, InterCasino manager, was reported as saying, “We like to give our players an added incentive to game with us, whether through higher payouts, competitive rewards programs or innovative software. Our new Marvel Hero games are just another way of making InterCasino the most rewarding place to play."

Players can now join forces with Professor X in battling evil enemies during special bonus rounds, or go after military tanks and helicopters along with the Hulk. The online casino will feature detailed graphics, which are bound to leave Marvel fans, as well as casino fans, satisfied.

A new service has been launched to help in the war against online spam, Fight Casino Spam. Fight Casino Spam is an advertisement-free website, which is currently working on collecting and labeling spam email reports from spam victims web-wide.

Fight Casino Spam will build a list of spam emails, separating email lists into "black lists" and "white lists." The former will be given to online casinos and gambling establishments so they could freely spam them, while the latter will be comprised of players who wish to remain spam-free.

The site hopes to eventually become the standard by which all online casino organizations abide when it comes to email marketing. In addition, sites remaining clean of spam for a certain period of time will be awarded a special FCS seal of approval.

155 East Tropicana, LLC, announced last week that it has been granted a gambling license from the Nevada Gaming Commission. The company, which owns the Hotel San Remo Casino & Resort in Las Vegas, is currently renovating the hotel, and plans to rename it “Hooter's Casino Hotel.”

Until the company receives a license from the Clark County Liquor and Gaming Licensing Board, the current operators, Eastern & Western Hotel Corporation, will continue to operate the casino and hotel. In addition, the hotel and casino's name will not be changed until all constructions and renovations are complete. East Tropicana anticipates that the grand opening celebration of Hooter's Casino & Hotel will be held in February, 2006.

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2005-10-29T12:23:00.000-07:00

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Online casino site

2005-10-26T17:27:00.000-07:00

GoldenPalace.com, an online casino site, which brought you items such as the Virgin Mary Grilled Cheese Sandwich and Britney Spears' Pregnancy Test, is making headlines once again. The casino, known for its creative marketing campaigns, has now bought advertising space on the bellies of three pregnant sisters, and tattooed its logo on them.

The Florida sisters auctioned their bellies on eBay, and GoldenPalace.com was more than happy to win the race. The casino paid $5,000, and the sisters, Ann Zemen, Amy MacDonald and Kathleen Van Dyck, who live near Raymond James Stadium and the St. Pete Times Forum, will display their new ink at as many football games as possible.

"We want to corner the market on innovative advertising. As we have seen with our previous pregnant belly billboards Amber Rainey and Elise Harp, this kind of advertising gets a massive amount of attention. We are pleased with this opportunity to promote our brand as well as help out the mothers-to-be with their future baby expenses,” announced GoldenPalace.com CEO, Richard Rowe.

Long btdino

2005-10-26T03:54:00.000-07:00

In the meantime, offshore operators like the Gibraltar-based PartyGaming, and the Costa Rica-based Paradise Poker, a subsidiary of the London-based Sportingbet, continue to grow. Though some online casino businesses, like the Internet casino subsidiary of the British betting shop Ladbrokes, say they decline to do business with U.S. bettors, plenty of Web sites are happy to take Americans' money.

Though Washington made it more difficult for American online gamblers a few years ago, persuading many credit card issuers to block such transactions, Internet payment systems like Neteller, based on the Isle of Man, have stepped into the breach. But PayPal, a similar payment system owned by eBay, will not process these transactions.

While the United States is the biggest market for Internet gambling - Tottenham, the consultant, estimates that 70 percent of all online wagers originate there - the business is growing in Europe and Asia.

British and Irish gambling companies are lobbying the European Commission to include the industry in new rules aimed at creating a single market for services across the 25-member bloc.

The European Court of Justice, in a decision two years ago involving the British bookmaker Stanleybet that was similar to the WTO's recent ruling, said that EU countries could block foreign access to their gambling markets, but only to protect citizens, not to defend state-owned gambling monopolies.

In Britain, the betting shops that seem to have a presence on every "high street" have long been allowed to offer online wagers on sports, for instance. The new gambling act, along with legitimizing and regulating online casino gambling, will permit the building of at least one Las Vegas-style mega-casino, too. A number of online gambling companies are considering initial public stock offerings, alongside a handful that are already publicly traded.

Gambling casino

2005-10-26T03:52:00.000-07:00

Gambling companies in Britain and elsewhere that are looking to step up their U.S. presence were hoping that a recent case before the World Trade Organization, pitting the tiny Caribbean country of Antigua and Barbuda against the United States, would provide some clarity. Instead, the final ruling this month appears to have created even more confusion, with both sides claiming victory.

Antigua, where dozens of online gambling companies are based, went to the WTO in 2003, contending that the United States had discriminated against foreign providers of so-called remote gambling, a term that includes Internet sites, and violated agreements on global trade in services by preventing them frommarketing themselves in America.

In a preliminary ruling last year, a WTO panel agreed with Antigua.

But Washington appealed the decision, and in a final ruling this month, the WTO said the United States was within its rights to restrict remote gambling on the grounds of protecting "public morals" and "public order."

"U.S. restrictions on Internet gambling can be maintained," the acting U.S. trade representative, Peter Allgeier, said in a statement after the ruling.

At the same time, however, the trade organization left a possible window open for Antiguan and other Internet gambling companies, saying Washington had applied restrictions inconsistently, penalizing "offshore" operators. In some U.S. states, for instance, online betting on horse racing is legal. In others, lotteries can be entered by mail or telephone.

"If you fail one part of the test, you can't win the case," said Mark Mendel, a lawyer for Antigua. If the United States wanted to continue to restrict foreign operators, he said, it would have to block all remote gambling, something that he maintains is unlikely given the popularity and political connections of horse racing and lotteries.

Allgeier, though, maintained in his statement, "This report essentially says that if we clarify U.S. Internet gambling restrictions in certain ways, we'll be fine."

Washington did not specify what actions it might take to comply with the ruling, though Allgeier noted pointedly that the U.S. trade representative "will not ask Congress to weaken U.S. restrictions on Internet gambling."

The Bush administration says the restrictions are aimed at curbing money-laundering and organized crime as well as at keeping betting out of people's homes, where children might become addicted to it. This month, prosecutors in New York charged 17 people with running an illegal gambling ring that used an Internet site based in Costa Rica.

But online providers say that is precisely why U.S. authorities should bring the industry onshore, where they can monitor it more closely, as is being done in Britain. It will be at least a year, analysts say, before the new British law is implemented, but it could put the country squarely at odds with Washington if Britain-based operators eventually use their newfound respectability to try to challenge the U.S. restrictions.

"The WTO case should serve as a solid precedent should another jurisdiction decide to take the U.S. to the WTO along similar lines," said Wes Himes, director of the Interactive Gaming, Gambling and Betting Association, a Britain-based trade group.

In the meantime, offshore operators like the Gibraltar-based PartyGaming, and the Costa Rica-based Paradise Poker, a subsidiary of the London-based Sportingbet, continue to grow. Though some online casino businesses, like the Internet casino subsidiary of the British betting shop Ladbrokes, say they decline to do business with U.S. bettors, plenty of Web sites are happy to take Americans' money.

Though Washington made it more difficult for American online gamblers a few years ago, persuading many credit card issuers to block such transactions, Internet payment systems like Neteller, based on the Isle of Man, have stepped into the breach. But PayPal, a similar payment system owned by eBay, will not process these transactions.

While the United States is the biggest market for Internet gambling - Tottenham, the consultant, estimates that 70 percent of all online wagers originate there - the business is growing in Europe and Asia.

Online gambling

2005-10-26T03:51:00.000-07:00

The stakes are high, the ante is low, and a lot of bluffs may soon get called.

It's not Vegas, baby, but the freewheeling world of Internet gambling is a $7.5 billion business that is expected to more than double over the next five years.

Rapid growth and a low cost of entry are drawing in investors, but they also raise the prospect of trade battles among the United States, Britain and Continental countries that don't see eye to eye on gambling - or on regulation of the Internet.

British lawmakers this month took steps to lure online casino operators, which are often based in small locales like Antigua, Costa Rica and Gibraltar, to their shores by making it a legal, regulated business.

But in America, despite the presence of the world capital of gambling, Las Vegas, and the spread of casinos to Indian reservations and riverboats in many states, online gambling is technically illegal. Even though an estimated 20 million Americans - well over half of those betting globally - visit online gambling sites, the Bush administration wants to keep the ban in place, arguing that Internet gambling threatens public morals and contributes to the spread of crime.

Some continental European governments, too, are concerned about the spread of online gambling, but for a different reason - Internet betting threatens the entrenched casino and betting monopolies that are often run by or linked closely to national governments.

"Because of global trade agreements and the Internet, it's going to be harder and harder for governments to block this," said Andrew Tottenham, a London-based gambling consultant who is also the British representative for Caesar's Entertainment, the U.S. casino operator.

American casinos

2005-10-25T07:02:00.000-07:00

Here's an example. A little more than two years ago in March 2003, I did a write-up on Ameristar Casinos (Nasdaq: ASCA) -- a top-notch riverboat casino operator with rapidly growing market share and arguably the top property in every market in which it competes -- and recommended the stock at just under $11 per share.

At the time, the company carried an enterprise value at about 5 times to 5.2 times the company's estimate of $190 million to $200 million in 2003 EBITDA, a valuation that is on par with the weakest players in the industry. As a premium player, I felt the company was worth at least 6 times EBITDA, if not closer to what premium players such as rival Harrah's Entertainment (NYSE: HET) should have reasonably fetched at the time at 7 times or 8 times EBITDA. I felt particularly strong about this, as at the time Ameristar held its market position while competing against Harrah's in each of its four riverboat markets in Missouri, Mississippi, and Iowa.

So there was plenty of headroom here. At 6 times the low-end estimate at $190 million in 2003 EBITDA, the stock would be worth $16.50. At 7 times, the stock would be worth $23.75, and at 8 times EBITDA, the stock would be worth $31 per share.

By April 8, 2004, the stock had hit $37.75 for a clean triple-plus, yet the company was still trading at just more than 6 times 2004 EBITDA, a clear hold at the very low end of my estimate for fair value. But by July 27, the stock had fallen back to $30.45, before dropping 16% to $25.65 the next day following the company's second-quarter earnings report.

But here's the thing: The business was still strong, the prospects were bright, and now the company was trading at a measly 5.5 times to 5.8 times 2004 EBITDA. At this point, the stock was a clear buy.

Ameristar continued to perform as a business, and casino stocks in general had gained favor on Wall Street. And on Feb. 4, the stock closed at $49.55 following the company's fourth-quarter earnings report, almost a double from its panic price just six months earlier. The stock is now trading at around $55 as of today.

The point here is that it would have been way too easy for an investor to panic sell once the stock fell from $37.75 to $25.65 in a span of less than four months. It also would have been way too easy to curse yourself for not selling at $37.75 while you were 250% ahead. But the enterprising investor armed with MCU Tip No. 1 -- valuation gauges -- can see the value in holding at $37.75 when the stock is reasonably valued or better, and can get greedy and push his chips in when the company is dirt cheap at $25.65 and 5.5 times to 5.8 times EBITDA.

The ability to do so will reward an investor handsomely over the long run.

MCU Tip No. 14: Beating strong foes wins much respect and little money; beating weak foes wins little respect and much money.
The lesson: Investing is about what makes the money in the long run.

Remember: Investors get paid for making correct decisions. There is no bonus for attacking complex companies, or making tough choices. Often times, you'll find that the best investment decisions you make will be both simple and obvious.

Casino bluf

2005-10-25T07:01:00.000-07:00

That said, it is not enough to go out and buy Home Depot (NYSE: HD) or Best Buy (NYSE: BBY) simply because you like the stores and both companies are top players. Get an idea of what the stocks are worth -- compare P/E ratios, cash flows, dividend payouts, or whatever else you think is relevant.

Or if you're interested in a growth business that is difficult to value -- such as satellite radio plays XM Satellite Radio (Nasdaq: XMSR) and Sirius Satellite Radio (Nasdaq: SIRI), or Motley Fool Rule Breakers selection Overstock.com (Nasdaq: OSTK) -- at least have a gauge on where you expect the company to be four or five years down the line. If your expected return from the current stock price doesn't justify the risk, then at least you know not to buy.

MCU Tip No. 11: Poker's stupidest question: "Why didn't you quit when you were $17,000 ahead?"
The lesson: Always look ahead. If the business quality and valuation favor a hold, then the correct decision is to hold on to the stock.

Top poker pro Phil Ivey -- often referred to as the "Tiger Woods of Poker" -- once said in a TV interview that so long as you're playing well and the game is good, it is to your advantage to keep playing until the game breaks up or you get tired.

This makes perfect sense. If a stock you buy doubles or triples but the long-term prospects for the business and the stock's valuation are still favorable, then why sell? And when the stock falls 20% in the short term for no good reason, don't panic and kick yourself for not selling -- this is the time when long-term investors salivate and get greedy.

Online investments

2005-10-25T07:00:00.000-07:00

In Part 1, we took three of poker theoretician Mike Caro's tips from Doyle Brunson's Super/System 2 and applied them to investing. In Part 2, we will take a look at three more tips from the Mike Caro University (MCU) and discuss the importance of valuation, being a forward-looking investor, and the idea that investors do not get bonuses for making tough choices.

MCU Tip No. 1: In the beginning, everything was even money.
The lesson: An investor's advantage comes from the ability to gauge valuation and expectations.

As Matt Damon said in the movie Rounders, "Get your chips in when you have the best of it; protect them when you don't." That's the key. The question: How do you know when you have the best of it?

The answer: By understanding valuation.

In poker, every player gets dealt the same cards over the long run. The fundamental difference between long-run winners and losers is an understanding of value -- the value of the cards you're dealt, the value of your position relative to the other players at the table, and how the value of your cards changes given the actions of the other players at the table.

Guess the casino

2005-10-24T03:39:00.000-07:00

In the last couple of years poker professionals -- many of them Las Vegas residents -- have struck endorsement deals with Internet poker sites and regularly tout them during casino appearances.

In a bar near the lobby of the Rio resort, poker legend Doyle Brunson recently held court with fans under the glare of camera lights to promote his latest poker book, SuperSystem 2.

Amid jokes and colorful stories, the so-called "Babe Ruth of poker" mentions Doyle's Room, a recently launched Internet poker site for which the Las Vegas resident is a paid spokesman. He also wears a cowboy hat with the site's logo.

Before the news conference, Brunson said he plays online poker on occasion and is working on a book about Internet poker strategy.

"It's so convenient you can play at home in your bathrobe," he said.

Most poker pros now gamble online, lured by multi-million-dollar jackpots that rival those of the biggest land-based casinos as well as nonstop games and rapid play, poker experts say.

Many of the world's best poker players live in Las Vegas or live between Las Vegas and Southern California, both home to some of the industry's most lucrative poker tournaments and richest live casino games.

"In Nevada you have a higher percentage than normal playing online than the rest of the country," said Card Player magazine co-publisher Barry Shulman, also a top pro. "The people who go into the casinos play online. It took the casinos about five minutes to figure that out and at first they were concerned that Internet poker would kill their business. Look around town. Poker rooms are packed."

Local pros also are well-represented online, Shulman said.

Show me the money

2005-10-24T03:38:00.001-07:00

"It's easier for them to win online than to drive to Bellagio and play for eight hours straight," he said. "The Internet is bringing so many new people into poker. The quality of (online) poker on average is going up but for the pros there's more money in it."

Online poker helps supplement income for poker pros who don't have to travel around as much to play in big money games, said Russ Hamilton, the 1995 World Series of Poker champion.

Hamilton is a spokesman for UltimateBet.com, a site based in the Caribbean island of Aruba.

"The big pros play online," Hamilton said. "There's a lot of people making a living online."

Poker pros say the law surrounding online poker is unclear but are careful not to go too far in their relationships with Internet poker sites.

Brunson, said he is a consultant for DoylesRoom.com and does not have an ownership stake in the site.

"It's a gray area," Brunson said of Internet gambling. "That's why we can only be consultants, not owners. It's a touchy situation."

Las Vegan and poker pro Howard Lederer is paid to promote FullTiltPoker.com, an Internet poker site that opened in July. Lederer is part owner of the company that developed the gambling software for the site but said he doesn't have a stake in the gambling operation.

"The software is a constant project," said Lederer, a two-time World Series of Poker champion.

About two years ago, Lederer and other top players were approached by a group of players with the idea of creating a poker site with star power and input from professional players.

"The site was designed with well over 100 years of poker experience behind it," he said. "These are poker people, people who understand online poker. We play in small stakes games (with customers) and answer questions. It's a true endorsement of the site."

Lederer admits his poker game has suffered somewhat because he is now involved in so many related business opportunities.

Make millions btdino

2005-10-24T03:38:00.000-07:00

"I'm so involved in the business side I really don't play side games," Lederer said. "It's very stiff competition. I have too much respect for (players) to put in 10 hours on the phone and then go down to the Bellagio and have enough focus for the game."

Mike Sexton, who also lives in Las Vegas, is a longtime pro who has nearly given up regular poker games for endorsements, book deals and other promotions.

Sexton is a commentator for the World Poker Tour, a traveling poker tournament with 16 events worldwide that is broadcast on the Travel Channel and across 56 countries. Tournament hosts range from Internet poker sites to the Bellagio and Mirage.

The owner of the tournament is West Hollywood-based WPT Enterprises Inc., the only publicly traded poker entertainment company in the United States.

Besides receiving a salary from the World Poker Tour, Sexton also paid to promote PartyPoker.com -- the largest online poker room with an estimated 50 percent of the worldwide market.

"They were looking for someone who knew about poker," Sexton said.

Sexton helped develop the poker software, trained the site's customer service staff and created the PartyPoker Million, an annual tournament held on a cruise ship that has become the largest event in the World Poker Tour.

"Television is the No. 1 reason poker is so popular and none of these other shows would be around if not for the World Poker Tour," Sexton said. "We're the PGA Tour of poker and the money is bigger."

The tour is creating a "millionaire a week" and last week crossed the threshhold of $100 million in total prize money, he said.

Internet poker is the "No. 2 reason" for poker's rising popularity, he said.

Another local pro paid to promote PartyPoker.com is Kathy Liebert, a former Wall Street analyst who is known as one of the best female tournament players in the world.