- 1 Choi, The Bounty Hunter: Site Tracks Down Macau Gambling Deadbeats
- 2 Atlantic City Cannot Get No Respect, Based on 2nd Quarter Earnings
Illinois Gaming Taverns Confirm Problematic for Self-Exclusion Listers
Illinois bars and restaurants that enable gambling never take part in self-exclusion lists
As Illinois has expanded its gambling options in the last few years, it has also taken steps to combat problem gambling. One of many most tools that are important to players is a self-exclusion list. Gamblers can place themselves on this list whenever they feel it is necessary. Once they’ve done therefore, they may be able actually be charged with trespassing if they’re caught in an Illinois casino effectively stopping them from gambling at casinos in the state again.
Tavern Gaming Allowances an Issue
It was a solution that is effective problem gamblers, one that has been utilized in many different jurisdictions around the world. But year that is last a new avenue for gambling opened within the state, the one that threatened to undermine these self-exclusion lists. Last autumn, bars and restaurants throughout Illinois had been permitted to start putting gambling machines into their establishments -sometimes called ‘taverns’ for patrons to play with. Unfortunately for compulsive gamblers, these venues had beenn’t an element of the self-exclusion list, and still are not even today.
Gambling regulators within the state see this as a problem that is major. The lack of self-exclusion programs that include these venues makes it possible that they could help make more addicts, or stop others from recovering from their problems since there are now large numbers of these machines across the state.
It might appear to most like a self-exclusion list wouldn’t be such a big deal. After all, a gambler could simply select not to use this tool, meaning those using the biggest problems could be minimal likely to sign up for one. But a lot of people whom merely need a hurdle that will simply take the ease away with which they can gamble their money find them to be an incredibly powerful option.
According to a story in the constant Herald a newspaper that services the suburban Chicago area Melynda Litchfield is certainly one such person. Every week as one of 10,179 people who had signed up for the casino self-exclusion list in Illinois, she found that being on the list removed the instant gratification she had received when her social gambling turned into several trips to a local casino.
Soon after Litchfield began to recuperate, gambling came to restaurants and bars, causing a new group of challenges for her.
‘I scarcely had time for you get a footing that is solid recovery,’ she said.
The new gambling machines come courtesy of a 2009 legislation which was designed to help purchase road and school construction. Under the law, any venue that has a alcohol permit can install up to five gambling machines, meaning they are commonly present in restaurants, pubs, and locations like truck stops.
At first, this was a small program: in its first month, there were only 61 machines operating under the new law, and gamblers destroyed just $90,000 that month through playing them. But less than the usual year later there are now significantly more than 8,800 devices in the state, which took in $25.5 million month that is last.
Illinois regulators say they might be able to help that they understand the issue, and that they’re looking into how. However, it is not a problem that is simple solve. Bars and restaurants merely can’t track their patrons in the same means that gambling enterprises can, making it hard to come up with a practical system that would keep gamblers from playing in the machines in these venues.
The gambling devices have been controversial given that they had been allowed by law. While they have actually become extremely popular in some parts of their state, many towns outlawed them to make sure that local venues wouldn’t normally feature them, mostly out of concerns about possible societal harm.
Choi, The Bounty Hunter: Site Tracks Down Macau Gambling Deadbeats
One Singapore-based website claims to help Macau gambling enterprises collect on bad debts
Certainly one of the ugly small secrets that the casino industry doesn’t like to generally share too much is the truth that the majority of people often owe them money at one point or another. Always walking a line that is fine wanting to keep a person, yet wanting to be paid on credit extended that turned into (often huge) losses, gambling enterprises resort to having someone else play ‘bad cop’ and a lot of most likely pay them a commission for collecting about what would otherwise be categorized as ‘bad debt’ and written off as a loss.
What a ‘Wonderful World’
Therefore it must certanly be no real surprise that gambling enterprises in Macau are utilizing this tactic to get winnings from their customers that are deadbeat. A singapore-based site with the odd title of ‘Wonderful World’ until recently even posted photos, with associated names, of such people for all to see, also such as the quantities they owed. About 70 such folks could have had their unfortunate faces plastered up; also included were their countries of origin, dates of birth, and status that is marital. And even though the amounts owed had been detailed, the website did not specify the monetary units they truly are in relation to, so it was hard to inform what form of currency had been denoted; but these amounts ranged from a low of 5,000 to a high of 1,000,000 whatever they were.
Then drawing on the Puritan days of the Scarlet Letter apparently the photos were captioned with shaming phrases, things like ‘robber,’ ‘rogue,’ ‘thief’ and ‘liar.’
Odd though this may seem, apparently it worked; the site’s operators declare that folks have compensated up to the tune people $3.87 million to date in collections due casinos and junket operators. Site owner Charlie Choi Kei Ian said in a meeting with Macau company Daily that his ‘open disclosure’ public shaming strategy has drawn in debts paid in full from ten people in current months. Nonetheless, he claims, somewhat incredulously, that his web site doesn’t get ‘any solution cost or payment’ for this solution. Sure, sure.
Irrespective, it appears indian dreaming slot machine free download some debtors were none too pleased about having their faces, amounts owed, and details and phone numbers listed breaking privacy that is local as well as the site has since removed this information. Choi says he’s thrilled to work with Macau’s Judiciary Police on the matter, claiming he can ‘face any consequences’ that might emerge of their criminal reviews. In reality, there’s probably not just a lot the Macau authorities can do, given the Singapore location of the site. Choi generally seems to feel pretty safe, claiming that the information was given him by creditors and is accurate. Choi also eliminated what had been real bounties agreed to anyone who gave these creditors info as to where debtors could be tracked down, although he continues to maintain he got no piece of that action.
Choi continues to tout his site which is in Chinese as the way that is best available to move in on deadbeat gamblers. He additionally says his site isn’t a debt-collection agency, but a ‘platform free-of-conditions for folks bullied by cheaters.’ It appears that many of their ‘clients’ would be the junket operators who get stuck in the middle of the casinos to who they deliver clients, as well as the debts that are unpaid customers leave for gambling enterprises to handle; so making the junket operators look good clearly works for everyone (except, possibly, the debtors).
Atlantic City Cannot Get No Respect, Based on 2nd Quarter Earnings
Atlantic City’s casinos took a huge revenue that is downward for 2nd quarter 2013.
As soon as upon an occasion, in a seaside town in New Jersey, someone decided that turning it into the Las Vegas of the East will be an idea that is good. Whoever that person was, probably didn’t have very good instincts; Atlantic City has had absolutely nothing but trials since establishing up gambling some 37 years back. And the final years that are few been a number of the worst, not helped by nature and Hurricane Sandy in October 2012. But very nearly a later, things are not only not looking up, they’re looking bleaker and bleaker year.
Ironically, the city that’s based its fortunes on gambling is turning out to become a pretty bad bet itself.
Second Quarter Earnings Not Pretty
And also the news that is latest out of AC isn’t any better: in reality, for the 2nd quarter of 2013, state regulators say that the newest Jersey gambling town saw a collective 45 percent drop in earnings. Ouch. That amounts to $65 million in second quarter profits this 12 months, compared to $118 million last year.
Not everybody tanked; some casinos actually revealed an upswing. Those types of were the Tropicana Atlantic City, whose 28 % increase in profits to $12.6 million was the largest of the group. Following them had been Caesars Atlantic City, who jumped 17.4 % from the same time last year, and ended up with $20.6 million in second quarter earnings.
But that wasn’t enough to counterbalance the properties that took a nosedive. Four Atlantic City casinos even posted running losses this quarter, for the months of through June 2013 april. Those included the Golden Nugget Atlantic City, with an operating that is gross of $6.5 million for the quarter, and that spiked from the $3.5 million operating loss in 2012 for the same months. The other three included post-bankruptcy Revel which has been a problem gambling child since the day it opened 15 months ago with a staggering $40.8 million loss (higher than 2012’s $35.1 million); Resorts with a $1.3 million loss versus an actual profit final year of $199,000; and the beleaguered Atlantic Club, showing improvement, if you are able to call it that, by having a lower $2.3 million operating loss contrasted to $5.2 million in 2012.
Trump Profits Down
And even though the two Trump gambling enterprises both posted profits this quarter, those revenues were substantially down from the time that is same year: Trump Plaza falling from $13 million in profits for this quarter 2012 down to a miniscule $211,000 this year, plus the Trump Taj Mahal also freefalling from final year’s $21 million in earnings down seriously to just $5.6 million this season.
Other casinos with earnings, however as high as 2012’s, because of this quarter included the Showboat ($9.5 million, down from $13.8 million); Harrah’s Resort Atlantic City down close to 27 percent from 2012 with an running profit of $25 versus $34.2 million year that is last and Bally’s Atlantic City, down 38 % from final 12 months with $10.7 million in quarterly profits compared to $17.3 the 12 months prior.
Even kingpin property The Borgata couldn’t maintain last year’s profit levels; it showed a $28.1 million revenue which ended up being down 11.3 percent in comparison to 2012’s $31.7 million.
While Hurricane Sandy which forced all twelve gambling enterprises to close for several days when it hit New Jersey hard October that is last greatly the last quarter of 2012, it is hard to keep blaming these financial avalanches on normal catastrophes. At this point, Atlantic City can simply hope that legal online gambling which all twelve casinos are on board to launch in November will turn their numbers around, or hurricanes would be the least of the city’s problems later on.