Everything About Atlantic City: The Casino City

Atlantic City is a gaming city 3win2u located in New Jersey, USA, which has 12 land-based casinos. The casino industry became legal in 1976, and it was 2 years later, in 1978, that the first casino in the city was born: Resorts International.

A city that has enjoyed high popularity

The city took advantage of a few people to boost its popularity. For example, Donald Trump is investing in Atlantic City and making sure to bring in renowned boxers to attract tourists. Mike Tyson carried out most of his fights there in the 1980s. It became the main tourist destination in the late 1980s.

But things change with the development of Las Vegas and two casinos in Connecticut. The revenues of Atlantic City begin to decrease slightly … In 1999, Steve Wynn decided to invest $ 300 million in the “Tunnel Project,” which consists of connecting parts of the city by a big road and tunnels. In 2003, Casino le Borgata was born.

Today, some big casino brands are present in Atlantic City, such as Bally’s, Golden Nugget, Harrah’s, Caesars, or even Trump Plaza. The most recent built is the Revel in 2012 – which cost nearly $ 2 billion – and which already, shows losses after a year.

Atlantic City in sharp decline

In 2012, the city’s revenues peaked at around $ 3 billion, there are around 33,000 casino employees, and the city attracts some 28 million visitors. 2012 is also the year of Hurricane Sandy, which puts another blow on the head in October 2012 and which forces the casinos of the city to close for a few days (not counting the material damage).

Townspeople and casino owners say they are worried about Atlantic City’s future. Since 2006, each year has been worse than the last in terms of income and massive job cuts are a subject more and more discussed. That year, the city’s overall revenue was $ 5.2 billion.

Online regulation in an attempt to save casinos

To save the disastrous economic activity, some believe that legalizing gambling in the city could be a form of solution. This is what is happening in 2012-2013.

The governor of New Jersey, Chris Christie, validated the legislation in 2013, and several Internet companies like Pokerstars want to be better prepared to take advantage of the American online market. The firm with the red spike tried for several months to acquire the Atlantic Club, but negotiations failed in early 2013. Rational Group, which owns Pokerstars, turned to Resorts, the city’s very first casino. You should know that to obtain an online gaming license in New Jersey, you must collaborate with a land-based casino. The future will tell us if online games can save land-based casinos.…

Two Myths About The Legalization Of Online Gambling In The United States That Turn Out To Be False

In some countries of the world, the subject of singapore online casino game regulation is the center of attention. This is particularly the case of the United States, where each state can decide whether to adopt legalization and, if so, what will be the conditions. So far, three states have legislated – Delaware, New Jersey, and Nevada – and many others are considering doing the same, despite some opposition, https://www.mmc33.net/sg/en-us/.

The most fervent defenders of the ban on online gambling, and in particular poker and casinos, put forward some key arguments which, if analyzed, are not viable and prove to be pretexts for other reasons.

We cannot protect minors on the internet.

Sheldon Adelson has made this argument one of his main ones. It certifies that one cannot correctly verify the age of a player on a gaming site. The controls are too weak, and regulating online casinos in the United States would lead to an explosion in underage gambling.

In reality, it is much easier for a minor to play at a land-based casino than at an online gaming site. Tests have been made by Tim James and have shown that identity or credit card checks are much more serious online than on land. The system automatically blocks underage players or has a false identity card. Tim James proved it by bringing in, playing, and drinking two underage people at one of Sheldon Adelson’s casinos, without anyone detecting them. The same people couldn’t pay a dime at Nevada online poker rooms.

The regulation will not bring money to the American states.

Admittedly, the profits generated by the regulated sites in the United States (as a reminder, in the states of Delaware, New Jersey, and Nevada) are not as large as the predictions had hoped. However, they generate profits.

Between 2003 and 2010, American online gamers spent around $ 30 billion on unregulated (and therefore illegal) gaming sites. If that money had been spent on licensed sites, the country would have made a lot of money through licensing costs, taxes, or levies. Americans are already playing online, whether it is allowed or not, and regulating this activity would limit the abuse of rogue websites.…

Online Casino Games Dominate The UK Gambling Market

The UK live, and the sg8ace online gambling market is a heavyweight at European and global level. Many casino operators and bookmakers are established in the region and benefit from the benefits of the regulated market.

Slots and punto banco straight ahead

Slot machines are naturally the most profitable at £ 1.6 billion. Blackjack is responsible for £ 187.6 million, a decrease from last year. https://www.sg8ace.com/sg/en-us/

Punto Banco (baccarat) is surprisingly popular with online players since it contributes £ 213.6 million overall. Usually, it is rather the Asian populations who revere this game. Still, we have to believe that the affair of Phil Ivey and the CrockFords Casino will have motivated new players to try the gunshot …!

Controversial FOBTs

After the online gambling industry (and national lotteries), Fixed Odds Betting Terminals (FOBTs) are profitable for those who offer them. These physical game terminals are widespread across the country and have a bad image with the general public. They are indeed responsible for many addiction problems.

For their part, operators, who feel the headwind on the part of the population, are ready to make an effort to drop to 10 or 20 £.…

Online Gaming Legislation In The United States

Unlike the European online games market, the American market is officially in its infancy. Officially because Americans have been playing online games for a long time – unofficially, particularly in poker, but no regulatory authority controls the activity.

An illegal but “authorized” online gaming market.

In the 2000s, online games were banned in the United States. At this time, a lot of Americans are gambling online when it is illegal. Everyone is more or less aware of this, but bank cover-ups can delay the deadline. In 2004, Google and Yahoo announced that they were removing all advertising banners related to online games and promotions.

Since 2006, the creation of the UIGEA – Unlawful Internet Gambling Enforcement Act – has made it possible to control certain transactions and detect illegal operations. Following this, many operators (linked to casino activities) announce that their offer of real money games is pending. In parallel, the main operators of online poker – Pokerstars, Full Tilt Poker, or Bodog – continue to work, hoping to remain discreet.

In 2009, and for the first time, money was seized from some American poker players’ accounts. $ 34 million is entered on 27,000 player accounts. The following year, New Jersey was one of the first states to talk about online legalization. The text in question speaks of authorizing poker and casino games but not sports betting. A survey of the population shows that they moderately agree.

The famous Black Friday and the Full Tilt Poker affair

In April 2011, a real thunderbolt was heard in the United States. On Friday, April 15, the FBI in person blocked 3 poker sites – Pokerstars.com, Full Tilt Poker, and Absolute Poker – and not the least since they are among others the number 1 and 2 of online poker worldwide. An arrest warrant has also been issued against the founders of Pokerstars and FTP, respectively Isai Scheinberg and Raymond Bitar. The charges are organizing illegal gambling and money laundering of more than $ 3 billion.

Absolute Poker will not rise, and its director will go to jail for a while. Pokerstars will succeed in a while to prove that its financial management, although on the verge of legality, did not mislead the player and that all the deposits were available. However, the matter is more complicated for Full Tilt Poker. Indeed the company is managed very lightly, and a large part of the deposits of players are in the bank accounts of the manager, Ray Bitar, and some shareholders like Chris Ferguson or Howard Lederer(sums for these gentlemen up to several tens of millions). As often in this type of case, the police will threaten, indict, but the penalties, compared to the height of the fraud, will be ridiculous.

Full Tilt Poker must, therefore, reimburse hundreds of millions of players. To save the company and after adventures on potential buyers, Pokerstars, the number 1 and main competitor, decides to buy the company and reimburse, in partnership with the DOJ (Department of Justice), the injured players. With this operation, Pokerstars ensures to dominate global online poker and partly improves its image. Today, European players have been reimbursed, but American players are still waiting for their money. After that and until the end of 2012, all online poker activity in the United States is strictly prohibited. This time, we no longer laughs, and those who want to play online must expatriate.

The waves of legislation in the United States

Finally, it was during 2012 that some American states slowly began to legislate to authorize certain forms of online games. The New Jersey, the Nevada, and Delaware are the spearheads of this movement. And the very first is Nevada at the end of February 2013, which exclusively allows online poker. It is followed by New Jersey, which authorizes the casino games in their entirety – and by the same token hopes to save the economic activity of Atlantic City – then Delaware.

On April 30, 2013, the first poker site launched in Nevada. Ultimate Poker allows US residents of Nevada to play, but the regulations apply only to the state in which that regulation is made. In other words, Nevada people can only play with each other, but the beginnings are quite promising. Some actors talk about allowing Americans to play among themselves, or even to play with other foreign jurisdictions, such as the British. A first step has been taken at this level with an upcoming market meeting between Delaware and Nevada, decided in early 2014.