A review published by the casino control at Atlantic City commission, has shown the worst outcome and realisations of people and bigwigs in the casino forefront, it has shown a 17% fall in all profits in the first 3 months of the year and there is no sign of it getting any better before it fixes itself. Overall profits in the States casino industry amounted a whopping $243.8 million but against the stand alone casinos in the industry it was indifferent to say the least.
The biggest loss was the renown Tropicana Casino/Resort whose previous tycoons had there licenses revoked in the winter and were made to sell the casino. The casino lost £30 million in the first 3 months of this year stumping everyone. Their were around 7/8 casinos announcing losses for the first 3 months but the upside is some companies made money even though it wasn’t as much as last year.
The Atlantic Commission have produced the goods when they support casinos and have intention of doing the same this time. The decision to take the license of Tropicana Casino was a very hard one but the main purpose was to warn others of the stringent regulations that govern gambling.
A skilled player named panicked took the £100,000 jackpot at the bodog tournament hosted on Sunday. It was all online and watched by thousands. Bodog is showing the way with and offering massive jackpots including seats at the wsop now on a regular basis. The forth coming event and giant prizes are tempting more and more people to the site.
The so called panicked beat 709 other players to the good sized pot of £23601 and this is not the first time up and coming star has won impressive amounts.but this was the largest pot he has taken. Bodog are recognizing him as one of the main players in the online poker scene.
Panicked is showing the way as the new breed of poker players, taking on some of the regular old players and beating them. As online poker and the net gets stronger everyday many people are getting tips and techniques faster and faster which means the competition can only get tougher and we will see more and more faces appear on the new poker scene.
In a motion which has changed completely the Australian stock market and the current rules/regs has showed that the poker machine owned by aristocrat will pay out to investors something like $160 million to $180 million Australian dollars. So let me explain this?
The massive lay down has happened after court proceedings took place between stake holders in the group. This has happened because aristocrat was lying about the overall financial state of the company. This obviously prompted complaints from investors and took the problems to the high courts of Aus.
At the very last second just before the high court judge was presumably about to award the investors a massive amount and completely hurt aristocrat, the aristocrats team spoke up and saved the judge her breath and offered an alternative package. The legal cost will be around 40 mill and the actual compensation will be payed out by the companies insurance.
The result still has to said by the court but it seems a certainty and for the investors it seems like party time.