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It’s no secret that gambling revenues have plunged with the rest of the economy. But unlike the posturing politicians and snake-oil salesmen on Capitol Hill, some casino operators are taking steps to stay afloat. The temporary answer to the drop in gambling revenue has been, of all things, to sell more alcohol!
That’s the word from a CasinoGamblingWeb press release. Apparently the tiny state is is experiencing such a revenue crunch that it is considering legalizing sports gambling to jump start the sagging economy.
Anti-gambling zealots like to scapegoat gamblers as reckless fools who blow all their money without a second thought. Obviously, this is not the case. Many gamblers are perfectly clear-minded people who are quite adept at managing their finances - indeed, this is a major reason they have excess money to gamble with. It’s with that in mind that we explore a new, potentially lucrative place for gamblers to park their money - the stocks of online casinos.
The world of gambling is taking a beating from the worldwide financial meltdown, according to a recent TIME Magazine report. Las Vegas Sands, in particular, is finding itself in dire straits. According to a 05NOV08 filing with the SEC, the company revealed that its cash was “drying up.”
It’s often said that John McCain is a “maverick.” Indeed, the name has stuck so well that he has made it a fixture in his own campaign ads. He uses it in a positive sense, to suggest that he is unswayed by the norms of the Republican party and exercises his own, independent judgment. And to be sure, this is sometimes true. McCain has opposed Republicans on many issues, including campaign finance reform, amnesty for illegal immigrants, and global warming. However, McCain’s “maverickness” is exactly what makes him a potential threat - to gambling rights.
There is a state so oppressive that it imposes censorship on its citizens. The websites one visits within this state are heavily monitored and subject to banning by the government. The penalty for violating the state-enforced censorship is confiscation of the violator’s property, or even severe legal penalties.
Poker is, always has been, and always will be a one-man game - or will it? If Dream Team Poker of Beverly Hills has anything to say about it, this classic game is about to get an intriguing new twist. The company is so excited and confident about its “team poker” concept that it has recently applied for patent protection!
Today marks a very real and symbolic victory for Internet gambling, as Google’s four-year ban on gambling ads is no more - at least in Britain. The prolific search engine appears to be using Britain as a testing ground to see how gambling ads fare on the company’s AdWords advertising network.
Sadly, what should be celebrated as a step in the direction of gambling and advertising freedom is being criticized by - you guessed it - the church. Here’s what the Church of England had to say in their official statement on the allowing of gambling ads:
It seems like gloom and doom is everywhere we look. The Dow lost 700 points this, foreclosures skyrocketing that. We’re experiencing the worst economic crisis since the Great Depression. Consumers are tightening their wallets, putting more of their money into savings, and simply going without life’s luxuries.
This is a mistake!
Time wasn’t long ago when Atlantic City symbolized all that was great about gambling. The out-of-state trip to somewhere fun and exciting. The glamorous lights, slots, and high-spirited crowds eager to place their bets and stake their hopes on the results. The biggest names in entertainment routinely stopping by. Indeed, it wasn’t long ago that families planned entire trips and vacations around Atlantic City, sometimes called “the Las Vegas of the East Coast.”