Las Vegas Saving Grace

There really is a lot of hope placed on the big project started by both MGM Mirage and Dubai World.  In fact, this big project is being seen as the saving grace of Las Vegas, which, as we all know, has been hit the hardest by the recession.  The city is now crippled by half-finished buildings, closed casinos, high unemployment rate, low real estate market, and a whole lot more, but, as stated above, they have one big hope that could at least put things to right, and this is the City Center. Read more

Australians and Gambling

Productivity Commission reports that the economy of Australia would benefit from as much as $500 million if there is a 10% reduction in gambling problems, but the government fears that this would only be a dream, especially since Australia is home to the majority of the people who gamble, about 20% of the globe’s pokies.

The Statistics Read more

Americans Spend More than a Billion Dollars on Gambling

Gambling can be likened to a vampire that is out to suck the blood dry off a human, but instead of blood, it will drain the money out of the gamblers’ pockets.

Reports show that gamblers from the United States put more than a hundred billion dollars on gambling alone, either in playing at online and offline casinos as well as in lottery tickets.  But the sad thing is that this net value is only from legal gambling, and not counting the cash placed into illegal gambling. Read more

Senior Citizens and Gambling Addiction Problems

What used to be a recreational activity is now becoming a big problem as more and more seniors are experiencing gambling addiction problems.  In the years 1974 to 1994 alone, the percentage of seniors who are gambling has increased to 50% from 20%.  In fact, a recent study showed that the most preferred social activity that seniors do is to go to the casinos to gamble or play bingo, instead of going to the movies, shopping, having lunch, or playing golf with friends.

Here is a look at the why there is an increase in seniors gambling. Read more

Las Vegas Going Conservative?

People do learn, and it is good to note that.

Las Vegas is embarking on a new journey, a journey that it is not used to but is willing and going to try to keep its head above the water and, in the long run, recover what the city has lost.

The Old Las Vegas

What the old Las Vegas would have done to attract gamblers and tourists into their fair city is to build new casinos – bigger and better than the last, glitzier and more luxurious than its neighbors. Read more

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