Celebrities Stay Sheltered in Las Vegas

celebrities in la casinoEverybody knows that celebrities have a complicated relationship with paparazzi. For example, celebrities often despise how paparazzi follow them around taking constant pictures and asking question after question. They also hate it when paparazzi leak private matters to the press. However, there is a place in the country where celebrities can go and find a bit of a vacation from paparazzi. Do you know where it is? It’s Las Vegas. It’s true! People in Las Vegas tend to respect the privacy of visiting celebrities.

Las Vegas is great place for celebrities to visit. They can network with other famous people. They can also gamble for days on end in one of the many casinos. They are also generally left alone. For example, the superstar Michael Jackson was holed up in a resort in Las Vegas in 2008. He lived in the resort for two whole months before a local gossip columnist wrote a small blurb about it. Even after the blurb was published, few people seemed to care. Why is Las Vegas like this? Part of the reason stems from the professionalism of the staff at the numerous resorts and casinos. They are able to make arrangements discretely. The private nature of resorts also make them easy to defend against reporters and photographers. Celebrities can reserve entire floors of resorts and station bodyguards wherever they decide to go.

There is also a business side as well. Celebrities often go to Las Vegas to help open a new resort or a restaurant he or she may partly own. This gives them much more control. It’s nice to know there is a place in the country where celebrities can go to feel safe!

James Packer’s Macau Casino Investment Backed by Goldman Sachs

While most other casino investors in Macau are going through tough times to retain customers, Crown Resorts has a shot in the arm by way of public support from its largest investor Goldman Sachs Asset Management. The firm has invested in a large casino christened Melco Crown at Macau, in partnership with Lawrence Ho who runs City of Dreams and is also planning to be a part of Studio City. While some investors have backed off from investments in Macau due to the government crackdown on corruption, Melco Crown still stands by its investment stating that it is a onetime investment and half of its total profits are contributed by this branch.

City-of-Dreams-Macau-Melco-Crown_James Parker

Goldman Sachs supports James Packer

Goldman Sachs’ local head of Australian Equities has stated that though there is more volatility in the gambling market of Macau, it will stabilize within a few quarters and Melco Crown will witness long term growth. He further stated that Goldman Sachs has always been a long term investor and since inbound tourism in China is still at a nascent stage there is room for tremendous growth for Melco Crown which is a top class resort cum casino. As a regular investor in Crown group’s innovative business plans, Goldman Sachs is confident about long term profitability at Macau.

Financial Status of Melco Crown

The net revenues of Melco Crown fell drastically by 22 percent during initial quarter of 2015 shaking the investors as sales in both regular and VIP market segments. James Packer too admitted that the shakedown was worse than expected and profits have fallen more heavily than during early part of economic breakdown in 2008. But growing interest of inland tourists from China that are visiting the island with families to enjoy the luxuries of five star hotels, has broadened the clientele of resorts cum casinos in Macau like Melco Crown Resorts.

Online Gambling Tips From The Legends

You may be an occasional gambler or may have started playing a few rounds of poker or roulette lately, but have you ever thought of making a career out of gambling? If nothing, you can always think of gambling as a quick way of making some money. However, is it always so? What if you even lose whatever little you have, leave alone winning big. However, with these tips from the legends, you do not have to worry about losing it all while gambling.

Learn to manage your money

Online Gambling TipsYes, that’s the first rule. To make money, you need to know how you manage it well. When you start online gambling, ascertain the amount you would be spending on the game. If you will be trying a variety of games, divide your funds for each game accordingly. In any case, you should not gamble with more than what you had decided in the first place. It’s the key to not losing.

Don’t be afraid to go a level lower

If you are good at a certain game, you may tend to play its high-skill levels. However, you can also take home a considerable amount if you play low-level games. Or you can again use the strategy to divide you cash and use some for low-skill games and some for higher ones.

Don’t burn-out!

You may be tired of losing, but may still continue playing just in the hope of getting lucky in the next game. You may not even think much and may continue staying with a ‘not so good’ hand. That is when you are said to be burning out. If you are losing much, it probably is not your day, in which case you should try your luck some other day. Knowing when to stop, irrespective of whether you are winning or losing is also equally important.

Legitimate Online Casinos Falling Afoul of New UK Filters

In the last year, the United Kingdom government has been working to increase the amount of restrictions on sites that promote activity that can be commonly seen as illegal or immoral.

UK Gambling CommissionThese restrictions are supposed to take place at the ISP level, so users may not even be able to access unlicensed sites even if they know what they are searching for. Adult users are also supposed to be able to “opt in” to say that they are legally permitted to view legal content.

Unfortunately, some gambling sites now seem to be included in the larger illicit net that includes pornography, violence and what’s called extremist behavior.

Currently there are some discussions taking place on how much of a role ISPs have in enforcing the government regulations.

In January, the UK Gambling Commission met with representatives from TalkTalk and BT, two larger ISPs, to request they begin creating “splash pages” that come up before a user accesses a site that promotes something unlicensed such as gambling, pornography or other unwelcome content. The ISPs both told the Financial Times that they didn’t want to be in the position of deciding what content customers should or shouldn’t access. They also suggested a stronger legal framework is needed

Some site operators have been maintaining that the family-friendly filters that are still under development and limited testing may be working too well – a Forbes study showed that the filters have been blocking roughly 20,000 of the 100,000 most popular sites.

Licensed and legitimate online casino owners are among those which have discovered that they’ve been ending up on blacklists of different ISPs, including Bet365 Casino which was blocked on four ISPs. PokerStars, 888Poker, and PartyPoker also were blocked by at least one site.

The filters are supposed to be rolled out region-wide next year.

$2.4 Million Paid Out in Jackpot Wins – J-Lo’s Mom Wins Too!

Several stories about people winning huge jackpots both online and in Vegas are heard frequently and there is a famous persistent number, which seems to be dominating these jackpot wins. The $2.4 million figure has become a regularly featured number for jackpot wins. This repetitive number is a neat figure that has altered several lives. Jennifer Lopez’s mother’s case is possibly the most popular one.

J-Lo & MomJennifer talks about mom’s thrilling jackpot win

‘The Tonight show’ featured Jennifer Lopez a while back where she spoke about her mother engaging in slot games at an Atlantic City casino (Borgata). Here she came out as the winner of a huge progressive jackpot. It goes like this that she called up Jennifer to inform her about the win and she was calm at the beginning and then shouted out the details in her excitement.

Jimmy Fallon, who was hosting the show, also shared his personal tale when he won $200 playing alongside his father at the Atlantic City. This happened the exact same night when he was on the slots machine of ‘Wheel of Fortune’. Thrilled with the win, they woke up next morning to find the news about Jennifer’s mother on the front page of the New York Post. It said that she won the huge amount playing on the same machine (Wheel of Fortune) as Fallon and his dad.

Play $2.4 million jackpot games online

If you’re on the lookout to play games which offer huge jackpot wins, you can find various slot machines online, which offer progressive jackpots and have attained the jackpot amount of $2.4 million. These include the popular games of Gold Rally and Beach Life in this category.

Compulsive Theft and Frequent Lying Could be Signs of Gambling Addiction

A school superintendent in Dayton, Ohio is being accused by city officials of skipping his school-related work duties to gamble at local casinos. Brad Martin, the superintendent of the Tecumseh School District, allegedly stole money from the district’s bank accounts. Reports also suggest that Martin visited casinos over 100 times during his tenure as the district’s superintendent.

slot machineDuring a school board meeting held on January 5, Tecumseh city officials listed several grievances against Brad Martin. Most members of the school board want Martin to be terminated. Colleagues claim that Martin’s frequent work absences and gambling addiction make him unsuitable in the role Tecumseh’s superintendent.

Problems with Gambling Addiction in Ohio

According to addiction experts, Brad Martin’s story is indicative of a larger problem in Ohio. Casinos and gambling complexes are extremely common in the state, and gambling is a favorite past time of many of Ohio’s residents.

One such expert, Rob Walgate, says that Martin’s story is becoming an all-too-common story in Ohio. Walgate claims that theft, gambling addiction, and poor work habits can be explained by the amount of casinos in the state. Casino owners oppose Walgate’s assertions, and suggest that gambling addiction and crime are only isolated incidents.

Behavioral Experts Examine Addictive Behavior

Employees working for the Ohio Department of Addiction Services have been looking at the links between criminal behavior and gambling addiction. The department reports that compulsive lying, frequent absences from work, and theft are all linked to problem gambling.

Although he hasn’t met Brad Martin personally, Scott Anderson believes that the superintendent’s behavior is indicative of compulsive gambling. Anderson, who works for the Ohio Department of Addiction Services, says that Martin’s behavior is not logical.

Alleged Fraud Sprays £32,000 of Champagne at Night Club

Accused of cheating £5.5 million from many investors through ponzi scheme, 25-year-old foreign currency trader, Alex Hope is said to have sprayed about £32,000 of champagne in a nightclub. The act, which was filmed and uploaded, has now earned him the title ‘King Popper.’

The jurors, who were shown the video of Hope’s celebrations, described his spending as ‘eye-watering.’ It is alleged that a part or whole of the money he is spending on his lavish lifestyle represents investor’s money that he collected through his ponzi scheme.

The lifestyle

Alex HopeApart from the incident of spraying £32,000 pound worth of Champaign at Grange hotel, there are various other instances to prove his uncontrolled spending. He is said to have spent around £50,000 on a Midas-sized bottle of Ace of Spades Champaign, while partying at Liverpool’s Playground Hilton. Yet another time, he spent about £65,000 in a single night at Aura nightclub in Mayfair and funnelled about £1 million to the Palm Beach Casino.

The beach is said to be one of the most exclusive casinos in Mayfair and was visited by Hope more than 80 times before his arrest. Hope also regularly went for luxurious trips when he visited cities such as New York, Miami and Dubai. His stay at a beach front resort in Miami cost him £130,000 and his expenses for a night at Dubai’s Cirque du Soir sums up to about £39,000.

The fraud

A retired teacher who gave statement against him, Christopher Millard, said he ploughed £25,000 into Hope’s scheme and lost more than half of it. Hope had earlier told Miller that he is a man of word and has never failed paying anyone. Victims of Hope’s alleged fraud also include Jamaican international football player Marvin Elliot, who had pledged and lost his investment of £50,000. Prosecutor Sarah Clarke remarked that Hope’s schemes were nothing but fraud, though the accused has denied the charges of fraud. He has, however, pleaded guilty of carrying a regulated activity without FSA approval.

Financial Services Authority intervened on suspecting fraudulence around his Forex fund and soon arrested him. King Popper’s future remains unclear as trial continues.

Singapore Casinos Tempt High Rollers

High rollers have become a rare commodity over the past few months. Revenues in Macau and other major Asian casinos are down, with experts believing that policies in China are the reason. There has been a major crackdown over upper level corruption in China, which has impacted the number of people who are willing to flaunt their wealth at casinos.

Singapore casino

There are two major casinos in Singapore that cater to high rollers, and they are locked in a battle to make as much money as possible. The CEO of Las Vegas Sands, whose company has a casino in Singapore, has accused the competition of running too many incentive programs in a bid to draw more high rollers.

He had this to say on the matter: “We do not believe that the competition is letting their brand do the talking. They are relying heavily on gimmicks and other incentives to try and attract customers.”

No one at Genting, the other company that has a casino in Singapore, refused to respond to these comments. While they accept that the situation in Singapore is not ideal, they do not have a problem continuing with these incentives in a bid to gain customers.

The reason high rollers matter so much can be shown with facts. These competing casinos have made billions in revenue since 2010. Exactly 50% of that money has come from high rollers. If there is a substantial decline in those customers, the casinos will continue to lose out big time.

Singapore has noted that there has been a 30% decline in the number of tourists coming from China this year, when compared to figures from 2013. This decline is directly impacting the major casinos in the area.

Money Laundering Issues Continue to Plague Casinos

It’s not just a modern myth or a story that makes for interesting movie plots and dramatic police procedurals; casinos have long been plagued by money-laundering schemes. Compared to other industries, exchanging dirty money for chips and then chips for clean money is almost trivial as a means of laundering ill-gotten funds — even with modern technology working to undermine such efforts, it still remains highly viable for the criminally inclined. And while some may shrug their shoulders and suggest that the responsibility lays with police agencies, casinos face real consequences from this seemingly unsolvable problem.

gamblingGlobal banks are seeing fierce pressure from the United States and other governments to act against casino laundering activities, pressure that banks pass along to their client institutions in the gambling industry. Errors in enforcement of these laws can cost casino operators big and the new attention from banks makes those errors all the more likely to be noticed — and punished. Just last year, the U.S. Department of Justice fined the Las Vegas Sands Corp. almost $50 million for various errors in money-laundering policies.

Even institutions not directly exposed to the heightened focus on casino money laundering by the United States will likely find themselves facing harder questions from international banks working under pressure from the U.S. Understanding the potential threats of money laundering, how to avoid errors, and what can be done to meet all legal and financial obligations in the face of constantly evolving criminal conspiracies will only become more important as the push against money laundering grows.

Of course, little of this is likely to affect the average gambler. At worst, the push for stricter, more cautious observation may add a few hoops to jump through when cashing in or cashing out, but daily gambling will likely see little change — unless casinos decide to pass along their losses to the customer.

Organized Crime in Australia Has Ties to Gambling High Rollers

The imminent opening of new high roller casinos in Australia is raising questions about the suitability of such establishments. Sydney and Brisbane will welcome top class casinos over the next five or six years. The main clientele at these establishments will be VIPs. The casinos are keen to cash in on high profile guests in a similar manner to Macau.

australia gamblingVIPs and high rollers are known for their expensive tastes and extravagant betting habits. It is not uncommon for a high roller to spend $100,000 or $200,000 in a few hours of gambling. Whether it is craps, baccarat, poker or blackjack, they like to bet big.

The main type of customer at these casinos will be high rollers from China. These are people with very deep pockets and an even deeper love of elite gambling.

Unfortunately, there has been a report on ABC in Australia that links many high rollers to organized crime in their countries. These individuals have been linked to operating criminal enterprises, laundering money and even extreme violence. People are worried that opening these casinos will attract such trouble to Australia.

Importance of VIP Casinos –

Australian casinos already make a lot of money. Reports say that around $5 billion is generated on a yearly basis. People want more. Casino owners and local governments are working together to expand casino projects and develop VIP casinos. Owners would see a huge rise in profits, while the state would benefit through taxation policies. Billionaire James Packer is building a SIX star casino over the coming years.

When states do not have a base of taxation, they look to casinos. VIP casinos bring the possibility of millions of dollars in tax money for the governments of Brisbane and Sydney. It may be a risk to invite VIP clientele from China and other parts of the world, but Australian governments seem willing to take the punt. They are desperate to build a lucrative long term tax base for their states, and VIP casinos fit the bill.

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