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Alabama Again Targets Illegal Gambling Machines

Alabama Attorney General Luther Strange was thrust into the middle of the electronic bingo machine battle a couple of years ago when he took office. After sitting back and surveying the landscape, Strange has now decided the time has come for stricter penalties.

The debate over electronic bingo machines has gone as high as the state Supreme Court. The court ruled in one case that the machines were illegal under state law, but stopped short of declaring all electronic gaming machines illegal.

Strange will soon ask legislators in Alabama to make the penalties harsher for those operating illegal machines. Currently, the crime is a misdemeanor, and Strange would like the penalty upped to a felony. It is unknown whether the Legislature will take up the issue this session.

Over the past few years, Alabama has been the center of attention thanks to a national story in which senators, gaming hall owners, and lobbyists ... more

Will Texas Be One Of The Last States To Fall In 2013?

The state of Texas is one of the traditionally Conservative states. The amount of Republicans that have walked through the door at the state capital has made it nearly impossible for any liberal ideas to make their way into Texas. Casino gambling is considered to be one of those liberal ideas.

Almost the entire country has embraced casinos over the past decade, but Texas has held their ground. The Lone Star state continues to prohibit the popular form of gambling, even as the voice to legalize the activity is growing louder and louder.

With one year ending, and a new one on the horizon, Texas is expected to be one of the focal places for big time gaming companies in 2013. Legislators in the state are working on drafting a bill that would put an end to over 100 years of gambling prohibition. The bill would allow casinos in Texas for the ... more

Bitcoin At The Center Of US Online Gambling Revival

The US is considered to be the largest online gambling market in the world by many analysts, and that comes at a time when the country does not even have clear laws regarding the industry. While lawmakers grapple with different ways to regulate online gambling, industry insiders believe they may have the key to re-opening the US market.

Bitcoin has been developed and is still in its early stages of development. The way that Bitcoin works is similar to BitTorrent, where no US banks are used to transfer money. Instead, it is completed as a user to user transaction, one in which demand quantifies how much Bitcoin currency is worth at any given time.

The concept is being used by merchants around the world, and recently has made its way into the online gambling arena. Gamblers can exchange their countries monetary unit for Bitcoin currency at various locations, the most notable in ... more

Las Vegas Gaming Companies Stock Rises To Start 2013

Las Vegas-based gaming companies may have their home offices and majority of their business interests in the US, but it is an International market that is driving the rise of stock prices. Wynn Resorts, Melco Crown, and Las Vegas Sands started 2013 off on a high note after stock prices rose on Wednesday.

With Wall Street bracing for an unsure result just a day after the fiscal cliff was avoided in the US, gaming groups had no idea what their stock would look like come the close of the trading day Wednesday. For the three companies with interests in Macau, the day was a successful one.

Las Vegas Sands saw the biggest increase in stock price, up 5.6%. Sands' stock closed the day at $48.75, the largest increase since the last couple of days in November. Sands CEO Sheldon Adelson was the first to take a chance in Macau, and when the ... more

Caesars Palace Once Again Hosting Heads-Up Championship

The National heads-Up Poker Championship will have a different feel to it when it returns to Caesars Palace this year. Over the eight-year run of the event, online poker sites have played a major part in the production of the tournament, but that will change in 2013.

With online poker sites being the target of a federal crackdown over the past couple of years, the old sponsors no longer will be promoting the tourney. Instead, the World Series of Poker brand, which has been the beneficiary of the crackdown, will be the naming sponsor.

The event itself features some of the top players in the game. Last year poker legend Erik Seidel won the 64-player tournament, and he will be looking to repeat as champion this spring. Chris Moneymaker was the runner-up in a battle featuring two former WSOP Main Event champions.

The top players in the game annually participate in the Heads-Up ... more