Monthly Archives: August 2015

Las Vegas Sands Corp. Receives Average Recommendation of "Buy" from Analysts

Las Vegas Sands Corp. has received a consensus recommendation of “Buy” from the twenty-three analysts that are currently covering the company, MarketBeat.com reports . Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company.

Dutch online gamblers smarter than the rest of the population

Online gambling in the Netherlands is set to grow at a rate of 7.6% this year, according the country’s gaming regulator.

Figures released by the Kansspelautoriteit (KSA) show the Dutch online gambling market will be worth around €296m in 2015, up from €275m last year. This represents 13% of the country’s total gaming market, slightly lower than the European average of 16%.

There are currently around 437k Dutch residents who gamble online, roughly 3% of the population aged 16 years and over. Most Dutch online gamblers are men between the ages of 20 and 35, 44% of whom have a college or university degree, compared to 28% of the broader Dutch population.

The KSA also revealed that 83% of the gamblers currently playing online displayed no signs of problem gambling, while 11% were deemed to be ‘at risk’ of developing problem gambling behavior and 5.2% were already demonstrating such behavior.

Maryland casinos seek to reduce minimum slot payout despite record revenue

Maryland casinos earned record revenue in fiscal 2015 but operators are seeking permission to ensure they take in even more next year.

Maryland’s Lottery and Gaming Control Agency reported that the state’s five casinos generated revenue of $1.038b in the 12 months ending June 30. That’s $204.2m more than the previous year, largely thanks to the state’s newest casino, Horseshoe Casino Baltimore, which opened one year ago on Wednesday

Market leader Maryland Live earned $626.2m for the year, down only $28.2m from fiscal 2014, demonstrating its resiliency despite the new kid on the block getting all the attention.

Maryland Live’s take was more than twice the Horseshoe’s $236m, although the Shoe had two less months of earning opportunities. Comparisons aside, the Shoe still took in far less than the $425m its parent company Caesars Entertainment expected, a shortfall the company blamed in part on the race riots that plagued the city earlier this year.

Greg Jennings Wins HPT Ameristar Kansas City

Greg Jennings has overcome a fearsome final table to capture the first prize in the Heartland Poker Tour Ameristar Kansas City Main Event.

Greg Jennings has overcome a trio of talented poker performers to capture the Heartland Poker Tour (HPT) Main Event at the Ameristar Kansas City.

The local businessman has now earned close to $290,000 in live tournament earnings, after collecting his $118,560 purse, applying the steamroller over his previous best score of $22,021 for a fifth place finish in the $1,675 buy-in World

[Image Credit: PokerNews]

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“We are proud to have him join the Tropicana team, and look forward to the many contributions he will make to the continued growth and success of the company.” Mr. Tretton brings 37 years of valuable gaming industry experience to his new role at MontBleu.

In Spain, Man Fakes His Own Kidnapping to Pay Off Poker Debts at Local Club

Ever felt that sense of panic when you can’t make your payments? Why not fake your own kidnapping? That’s what one man in Spain thought would be a great idea, but like so many light bulb moments, this one quickly went dim. Everyone handles their gambling debts in different ways. Some people pay them off […]

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