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Craps World Record Holder to Appear at WCC
On May 23, 2009, Patricia DeMauro of New Jersey picked up the dice for only the second time in her life at the craps table at the Borgata Casino in Atlantic City. She held them for four hours and eighteen-minutes. Her roll set a new world record beating that of Stanley Fujitake, who rolled for three-hour and six-minutes on May 28, 1989.

Pat will be one of the special guests at the World Casino Championships being held on August 14, 15 and 16 at the Clarion Hotel and Suites in Las Vegas. The World Casino Championships is a fun and educational event featuring tournaments in craps, slots, blackjack, Pai Gow poker and baccarat.

The admission price to the event includes an entry into all of the tournaments and gambling related seminars. It also includes lunches during the day on Saturday and Sunday and an awards banquet on Sunday evening. All entrants will receive a free dice roll for a chance to win $25,000. For more information and event pricing see the World Casino Championship website.

Craps World Record Holder to Appear at WCC originally appeared on About.com Casino Gambling on Wednesday, July 1st, 2009 at 19:41:39.

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Colorado Casinos Raising the Limits
When casinos opened in Colorado in 1991, the only games offered were slot machines, blackjack and poker. Gamblers were limited to making a maximum bet of five dollars on the blackjack and poker games. Under State regulation, casinos had to close between 2:00am and 8:00am.

Last November, voters approved Amendment 50 which raises the maximum bet from $5 to $100 and allows the casinos to offer craps and roulette. It also extends operating hours to 24 hours a day.

The higher limits and new games will go into effect at exactly 12 a.m. on Thursday, July 2nd and the casinos are looking forward to a very busy holiday weekend to celebrate their new independence from the old regulations.

Colorado Casinos Raising the Limits originally appeared on About.com Casino Gambling on Tuesday, June 30th, 2009 at 08:55:57.

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Positive Progressive Systems
My friend Rich and I were playing craps the other day at the casino. We both bought in for the same amount but at the end of our playing session, I had won much more money than he did. We both were playing at the same table, betting on the same shooters yet our results were very different. This led to a discussion about how we were betting. I was using a positive progression on the hot shooters while Rich was flat betting the same amount and never raising his bets. He told me that he did not believe that progression systems worked in the long run so he always kept his bets the same.

Many players feel this way and it is true that no betting system can change the house edge, however a positive betting progression can take advantage of a winning streak and increase your winnings during the course of a playing session. Using a positive progression system is when you increase your bets as you are winning. Here is a look at positive progression systems.

Positive Progressive Systems originally appeared on About.com Casino Gambling on Friday, June 26th, 2009 at 10:44:40.

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Casino Companies Favor Online Gambling
Many years ago when online casinos started appearing on the Internet, the owners of the brick and mortar casinos spoke out vocally against them. They were in favor of legislation to ban the online casinos because they did not want anything cutting into their profits. With the casino industry suffering from declining revenues during the current economic slowdown, some of the casino corporations are eyeing online gambling as a way increase their sagging profits.

Harrah's Entertainment and MGM Mirage, the two largest gaming companies now support legalizing online gambling. Harrah's has been the most vocal supporter of Internet gambling in recent months, and they also stand to benefit the most from legalization. Last month, Harrah's launched a subsidiary in Montreal, Canada to capitalize on the spread of Internet gambling in countries where online gambling is legal.

Both Harrah's and MGM feel that more people would gamble online if it was regulated and run by companies that know and trust.

Casino Companies Favor Online Gambling originally appeared on About.com Casino Gambling on Wednesday, June 24th, 2009 at 22:09:42.

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Hawaii Gamblers Have Taxing Problem
Hawaii does not have any casinos but that is not stopping the state from collecting revenue from gambling activities. A change in the tax code could net hundreds of thousands of dollars for the state from the residents who gamble in other states.

Under a new law, gamblers who win a jackpot will be required to pay taxes on their winnings, but they will not be able to deduct their losses. If a video poker player loses $3,000 playing video poker and then hits a $4,000 royal flush, they will have to pay taxes on the $4,000. Under the old tax law, the player would have been able to deduct the $3,000 loss and only pay taxes on the $1,000 net win.

Hawaiian lawmakers pushed for the change to help ease the state's multi-billion dollar deficit. Governor Lingle has until July 15th to veto the new tax code or it will become law. Many gamblers in the state feel that the new law in unfair and unjust. Over the course of a year most gamblers will lose money and it is unfair that they are taxed on the few times when they get lucky.

Hawaii Gamblers Have Taxing Problem originally appeared on About.com Casino Gambling on Monday, June 22nd, 2009 at 22:21:56.

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Leave the Credit Cards Home
I was at the casino this morning and when I was getting ready to leave I went to the casino cage to cash in my chips. They only had one window open and there were three people in line ahead of me. I waited in the line for 25 minutes before it was my turn. This was because two of the three people in front of me were taking a cash advance on their credit card.

I was aggravated that I had to wait in line while these lengthy transactions were taking place but at the same time I almost felt a little sorry for the people who were financing their gambling with their credit card.

One of the reasons that the country is in such bad financial shape is because people have over extended themselves by charging things that they cannot afford. Credit card debt is rampant and it is the major reason why many people are having financial difficulties.

The sad truth is that for the most part it could be avoided if people would curb their spending and avoid using credit cards for unnecessary purchases. Taking a cash advance on your credit card to gamble in the casino is a perfect example of an unnecessary purchase and it may cost them more than they realize. If you do not have the discipline to play within your budget, you might want to leave your credit cards home when you visit the casino.

Leave the Credit Cards Home originally appeared on About.com Casino Gambling on Friday, June 19th, 2009 at 14:46:44.

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Pennsylvania Proposes Adding Table Games
Pennsylvania got a taste of the easy money generated from gambling when it legalized slot casinos in the state in 2004. In the first 11 months of the current fiscal year, taxes generated by the legalized slot casinos are up 24.7% for a grand total of $873,899,361 to date.

In an effort to increase the gambling revenue, State Rep. Bill DeWeese officially introduced a proposal on Tuesday to add table games to Pennsylvania's casinos and if approved it is sweet deal for the state. Under the measure, casino operators would pay a $10 million fee up-front to inaugurate games such as blackjack, poker and craps at their currently slots-only facilities. There would be a $500,000 annual renewal fee as well as daily tax of 18 percent and a local-share assessment of 2 percent of its daily gross table-game revenue. This is in addition to the money being paid to the state from the slot machines.

Pennsylvania Proposes Adding Table Games originally appeared on About.com Casino Gambling on Wednesday, June 17th, 2009 at 22:45:59.

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New Owner for AC Tropicana
More than a year after the New Jersey gaming regulators took control of the Tropicana, the troubled casino will finally get new owners. Last week Judge Judith Wizmur of the U.S. Bankruptcy Court in Camden, New Jersey, approved the sale of Tropicana Casino & Resort in Atlantic City, to a group of lenders that includes billionaire Carl Icahn.

Icahn previously owned the Sands in Atlantic City which he sold to Pinnacle gaming in 2006. Pinnacle imploded the Sands to make way for a new casino that they had planned to build. Unfortunately, the current economic conditions forced them to put their plans on hold and now that site sits empty.

Icahn has a way of turning around distressed properties and many analysts are optimistic that he can work his magic with Tropicana in Atlantic City

New Owner for AC Tropicana originally appeared on About.com Casino Gambling on Monday, June 15th, 2009 at 10:48:55.

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Community Slot Play
I remember years ago when the Internet was in its infancy. As people began logging on and spending more time "surfing the web," there were warnings that we could become a society of recluses locked away from human contact and social contact. Of course that never happened. In fact, over the years as technology advanced, we became a global society interacting with others via Internet sites, instant messaging, blogs and other social media sites.

Modern technology has allowed some of us to meet and make new friends with those people that we share a common interest with. We may have never met these people without the technological advancements that have changed our social interactions with others. This technology is not limited to just the internet. It is creeping into other areas of our lives.

In the casino, most of the social interaction among the players came by playing the casino table games. For most of us, playing a slot machine was a solitary endeavor. This is now changing as the slot makers are using new technology to design slot games that will allow the players to win a communal jackpot. These community slot machines will let slot players enjoy more of a social atmosphere when they play their favorite games.

Community Slot Play originally appeared on About.com Casino Gambling on Friday, June 12th, 2009 at 08:06:47.

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An 18 Month Losing Streak
I received an e-mail from a reader who wrote:

I have done what I thought was virtually impossible: I have had 18 losing months in a row, playing baccarat, American Roulette, and some blackjack. In this time, I have NEVER put together one decent run of luck. Is it possible that the casino could be rigged? Magnets in the roulette wheels? Card shufflers being controlled by an eye in the sky? I have been telling myself this is not possible. How long can someone keep losing?

I wrote back and told him that I did not think the casino was cheating unless everyone in the casino was losing. If that was the case then the casino would probably be under investigation. As to how long someone could keep losing, the answer is, "as long as they continue to gamble."

I suggested that he either lower the size of his bets or take a break from gambling for awhile. Sometimes taking some time off will change your luck. Although 18 months is a long time for a losing streak, it is not impossible. What was your longest losing streak?

An 18 Month Losing Streak originally appeared on About.com Casino Gambling on Wednesday, June 10th, 2009 at 22:30:27.

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