Tag: Casinos

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When One Door Closes, Resorts World Las Vegas Breaks Ground (And Has New Renderings, Too)

May 6, 2015 at 1:10 PM | by | Comments (21)

Yesterday, we were so caught up with the hunt for the stolen Crazy Girls costumes and wigs as well as mourning the loss of The Riviera, we completely forgot about the ground-breaking for the Resorts World Las Vegas. But we've got the recap for you right here, along with a batch of new renderings.

After a few delays, Malaysia-based Genting Group finally held a ground-breaking ceremony yesterday for Resorts World, a $4 billion Asia-themed resort and casino on the site of the stalled Echelon property, which is also the site of the former Stardust casino.

The ceremony was attended by Governor Brian Sandoval as well as several execs from Genting Group and Clark County officials.

Steve Wynn was there too but he really did not like the Chinese thunder drummers. Come on, Steve, cheer up! Resorts World Las Vegas will mean the end of depressing views from your hotel rooms.

Resorts World will be a completely over-the-top project. Las Vegas Review-Journal reports that when completed it will look like a Chinese village with 6,500 rooms (spread out over four room towers), a 175,000-square-foot casino, a 4,000-seat theater, an aquarium, a panda exhibit, an indoor water park and a replica of the Great Wall of China. You can peep this video to get a better idea of it all:

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Progressive Slot Machines Are Everywhere Now

April 24, 2015 at 1:39 PM | by | Comments (2)

You notice a lot of different things when walking through casinos every week. Sometimes, people catch the eye. Maybe, itís a drink. Maybe, itís something new on the floor. See something once and itís just another ship passing in the night. See it twice and maybe itís just a coincidence. See it everywhere and it's a trend.

Ever since writing about PowerBucks last year, I began noticing more and more progressive jackpots on slot machines. Megabucks, of course, is the big boy of all progressive slot machines in Las Vegas, with huge multi-million dollar jackpots available at just about every casino. Megabucks is interesting because of the jackpots but the games you can play leave something to be desired.

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26 Casinos With Video Poker Returning More Than 100%

April 9, 2015 at 12:02 PM | by | Comments (11)

Good gambling is getting harder to find every day. Thankfully, itís not gone altogether. While some casino operators are looking at new ways to generate revenue (i.e., bottle service) there are still some operators who still look to the casino to earn their revenue. These casinos often offer better odds in blackjack, craps and, in this case, video poker.

Better odds arenít all weíre searching for when it comes to video poker. Weíre looking for the best odds. Specifically, we're looking at games that return at least 100%. Playing video poker games with 100%+ returns and perfect strategy will allow for a rare positive when gambling, expected value. That represents the average amount you can expect to win per bet if the bets each have identical odds (like these games) and are repeated many times. When you have a game with positive expected value, youíre repeating a wager that will return more than you play over time.

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Casino Owner Derek Stevens Loses $1 Million Bet

April 7, 2015 at 11:29 AM | by | Comments (12)

Last week, we told you about a $20,000 wager made by Derek Stevens, owner of the D and Golden Gate casinos in Downtown Vegas. It was placed on Michigan State to win the NCAA basketball tournament could have netted him a cool million bucks.

Stevens was on just about every media outlet you could imagine talking about the ďMillion Dollar BetĒ until game time where he hung out at Long Bar inside the D to watch the big game. If you were at there over the weekend, you could have even taken a photo with a giant replica of the ticket (shown above).

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Casino Owner Derek Stevens Could Win $1 Million If Michigan State Wins March Madness

March 31, 2015 at 5:05 PM | by | Comments (5)

On December 5, Derek Stevens, owner of The D and Golden Gate casinos in downtown Vegas, placed a $20,000 wager on the Michigan State Spartans to win the NCAA Basketball Championship at 50-1 odds. He placed the bet at the Golden Nugget. As March Madness comes to an end, Stevens stands to score one million if Michigan State can win their last two games.

On Saturday, April 4, Michigan State will play Duke at 3 p.m. (PT) in the first, national semifinal game. If the Spartans win, they will take on the winner of Kentucky vs. Wisconsin who play later that evening. The final game is scheduled for Monday, April 6 in Indianapolis.

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Video Poker Probability Is Strange And Kind Of Fascinating

March 27, 2015 at 10:37 AM | by | Comments (5)

Call us (me) simple, but thereís almost always something interesting when looking behind the numbers in gambling. Todayís example of being easily intrigued comes from looking at how often certain hands show up when playing Jacks or Better video poker.

We already know a Royal Flush will appear once almost every 40,000 hands played. Knowing that helps players adjust to rarely getting the big hand and makes it one of the best games in the casino.

Whatís fascinating today is the following:

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Craps And The Persistent Question Of Fair And Square

March 12, 2015 at 8:28 PM | by | Comments (3)

We recently looked at dice control, a controversial craps technique that, if successfully implemented, could skew odds in favor of the player. While most of the evidence offered by the methodís subscribers is anecdotal, and the skill necessary to execute controlled rolls significant, dice setting remains a popular topic among gamblers.

Like card counting, dice control is seen as a rare opportunity to beat the house. Conversely, casinos could theoretically increase the house edge by shaving dice at the craps table. Rumors of dice shaving have been circulating among craps players seemingly since the very first time a shooter sevened out. Suspicions persist today even despite cameras, gaming regulations, and the fact that a solution for the potential exploit was introduced more than 100 years ago.

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IRS May Drop Jackpot Reporting Thresholds

March 12, 2015 at 12:38 PM | by | Comments (28)

The IRS is suggesting a change in gambling tax laws. A new proposal would require gamblers to report winnings on slot machines, video poker, keno and bingo for jackpots of $600 or more. That's quite a cut compared to today's thresholds of $1,200 for slot and video poker players and $1,500 for keno players. The IRS has set a 90-day period for the casino industry to respond to the suggested changes.

If youíve ever hit a $1,200 jackpot on a slot or video poker machine, youíve probably had to sit around and wait for a casino employee to pay you and to sign off on your tax forms. Depending on the time of day and casino, this process could take anywhere from five to 30 minutes.

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A Center Bar And Parlor Lounge For The Mirage

Where: 89109
March 11, 2015 at 9:17 PM | by | Comments (6)

The Mirage is building a new dream experience. We know this because it says so right on the construction wall.

Where poker was once the only name of the game will rise two new drinking spots, Center Bar and Parlor Lounge. Since an official announcement has yet to be made, here's what we can surmise from those same construction wraps:

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Gamblers On The Vegas Strip Are Very Different Than Those Downtown

February 27, 2015 at 2:34 PM | by | Comments (17)

Nevada gaming revenue reports are fun to read and you don't have to be a nerd to enjoy them. You†can learn†a lot about people that gamble. How they gamble, where they gamble... it's all fascinating.

When perusing the year-end Nevada gaming revenue reports for 2014†there was a lot of obvious information that most people see on a regular basis. People on the Vegas Strip gamble less than people in Downtown Vegas. This isnít news as the revenue has been trending this way for over 20 years. However, one bit of information really stood out.

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At Caesars Palace, Omnia Taking Over More, And Other Changes

Where: 89109
February 24, 2015 at 3:04 PM | by | Comments (2)

Caesars is betting big on Omnia, the mega-nightclub taking over PURE and due to open Friday, March 13. And soon, you can, too.

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Could Vegas Be Next? New Form Of Gambling Coming To Atlantic City

February 17, 2015 at 2:51 PM | by | Comments (5)

Last week, Borgata in Atlantic City announced it will host New Jersey's first physical, skill-based gambling competition. The contest will be a basketball free-throw shooting contest for money that will take place March 21.

The competition will be the first of many non-traditional, skill-based gambling contests Borgata plans to offer. The contest is debuting in New Jersey as part of a program called "New Jersey First" started by the New Jersey Division of Gaming Enforcement. The goal is to offer new gambling options before other states so something like this hasnít been legalized by Nevada... yet.

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