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About to Bet in An Online Casino? Find Out the Common Betting Mistakes to Avoid

Are you looking to improve your success rate in online casino betting? While luck plays a role, skill and strategy are equally important. I want to share some valuable tips to help you avoid common mistakes and increase your chances of winning. Let's dive in!

1. Betting Only on Accumulators

Accumulator bets can be thrilling, with the potential for huge returns due to multiple selections and long odds. The excitement builds up as each bet unfolds. However, as an amateur bettor, it's crucial to strike a balance between accumulator bets and single bets. Relying solely on accumulators might leave you without a single win. Consider mixing in more reliable single bets for better results.

2. Not Looking Around for the Best Value

One common mistake amateurs make is not exploring their options and settling for the first bookmaker they come across. Different bookmakers offer varying odds and values, even in bitcoin casinos. While the differences may seem small, they can have a significant impact, particularly when placing larger wagers. Take the time to compare bookmakers and choose the one that offers the best deals for your bets.

3. Not Keeping Track of Records

Amateur bettors often neglect the importance of keeping track of their betting records. It's crucial to maintain a record of the money you've won or lost, the odds that worked for or against you, and the amount you've deposited in your account. These records serve as valuable references and help inform your future betting decisions. Stay organized and analyze your betting history for better results.

4. Chasing Losses

It's natural to feel frustrated after a loss and want to redeem yourself by placing more bets. However, continuously chasing losses is a dangerous habit. Losing is an inevitable part of betting, and trying to recoup losses through new bets often leads to further disappointment. Accept defeat and avoid making impulsive decisions driven by emotional reactions. Maintain discipline and stick to your strategy.

5. Betting Mistakes: Sentimentality

While it's understandable to support your favorite team, being overly sentimental can cloud your judgment and impact your betting success. Analyze teams objectively, consider statistics, and bet on those that show promising performance, even if they're not your personal favorites. Adept bettors focus on data and make informed decisions rather than letting emotions guide them.

6. Betting Mistakes: Reckless Betting

Amateur bettors often make reckless decisions due to a lack of familiarity with the betting process. Before placing a bet, take the time to conduct thorough research on the team or event you're betting on. Understanding the factors at play and making informed choices can significantly reduce the chances of making avoidable errors. Invest in knowledge and make smart betting decisions.

Luck is undeniably a factor in gambling, but by avoiding these common mistakes, you can increase your chances of winning. Practice discipline, develop your skills, and learn from your experiences. With time and dedication, you'll improve your betting performance and enjoy a more successful gambling journey.

Frequently Asked Questions (FAQs)

  • Q: How can I avoid losing money in online casino betting?
    • A: To avoid unnecessary losses, it's important to strike a balance between accumulator and single bets, compare bookmakers for the best value, keep track of your betting records, avoid chasing losses, minimize sentimentality, and conduct thorough research before placing bets.
  • Q: Can luck alone guarantee success in online casino betting?
    • A: While luck plays a role, skill, strategy, and discipline are equally important in increasing your chances of success in online casino betting.
  • Q: How can I improve my betting skills?
    • A: Improving your betting skills requires practice, learning from your experiences, analyzing data, and staying disciplined. Continuously educate yourself about the teams or events you're betting on and make informed decisions.

By following these tips and taking a thoughtful approach to your betting endeavors, you can enhance your overall experience and increase the likelihood of favorable outcomes. Happy betting!

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Are You Losing Money in Online Casinos? Here Are A Few Reasons Why

Gambling in online casinos is fun. However, many punters hardly ever get those huge payments. They even lose money instead. So, why do a more significant percentage of gamblers end up recounting losses despite how cool and exciting gambling is? 

Reasons Why You Might Be Losing Money in Online Casinos

Online casinos offer an exciting and enjoyable gambling experience. However, many punters find themselves facing losses instead of the big payouts they hope for. In this article, we will explore the reasons behind this phenomenon and provide you with valuable insights to improve your chances of success. By understanding these factors, you can enhance your approach to online gambling and increase your chances of winning.

Allowing Emotions to Control Your Decisions:

One common mistake that leads to losses in online casinos is allowing emotions to dictate your gameplay. When you let your emotions rule, you often make irrational decisions that can cost you money. To improve your chances of winning, it's important to control your emotions and rely on logical thinking.

What to do:

Instead of being driven solely by your feelings, focus on using your mind to make calculated decisions. Successful gamblers understand the value of working with calculations and dependable strategies. By applying arithmetic systems and analyzing probabilities, you can achieve consistent wins over time.

Insufficient Bankroll Management:

Another reason why many gamblers lose money in online casinos is the lack of a sufficient bankroll. Without a substantial amount of money to play with, you may find yourself limited to placing small bets, which often result in smaller wins.

What to do:

To increase your advantage, it's crucial to have a substantial bankroll that allows you to place higher bets. By having a larger bankroll, you can stake on more dependable outcomes and potentially reap greater rewards. Ensure that you have enough funds dedicated to your online gambling activities.

Playing Unfamiliar Games:

Many gamblers make the mistake of playing games they are unfamiliar with, leading to a higher chance of losses. Whether it's a complex or unfamiliar game, the lack of knowledge and understanding can hinder your success.

What to do:

If you encounter difficulties while betting, take the time to learn the game properly. Most online casinos offer free modes or practice versions of games where you can familiarize yourself with the gameplay mechanics and rules. Avoid the temptation to believe that luck alone can lead to a win in unfamiliar games. Instead, focus on building your expertise through practice and understanding.

Lack of Familiarity with Game Rules:

One major pitfall that gamblers face is the assumption that game principles are universal and applicable to all casino games. However, each game has its own unique set of rules and strategies.

What to do:

To overcome this obstacle, it's essential to become familiar with the specific principles governing each game you play. Take the time to thoroughly understand the rules and mechanics of the games you are interested in. This will give you an advantage and enable you to make informed decisions while playing.

Failure to Set Limits:

A common strategy among players is to keep playing until they run out of money, hoping for that big win opportunity. However, this approach often leads to continuous play and eventual depletion of funds.

What to do:

To improve your chances of winning, it's important to know when to take a break and set limits. Recognize that short-term wins may not necessarily lead to long-term success. By practicing responsible gambling and establishing a predetermined budget or time limit, you can avoid excessive losses and make more strategic decisions.

FAQs:

  • Can emotions affect your chances of winning in online casinos?

Yes, allowing emotions to control your decisions can have a negative impact on your chances of winning. It's important to rely on logical thinking and calculations rather than being driven solely by your feelings.

  • How important is bankroll management in online gambling?

Bankroll management is crucial in online gambling. Having a substantial bankroll allows you to place higher bets and increases your chances of winning bigger rewards.

  • Are game rules the same for all casino games?

No, game rules vary between different casino games. It's important to familiarize yourself with the specific rules and strategies of each game you play to improve your chances of success.

Summary

To enhance your chances of success in online casinos, it's important to control your emotions and make logical decisions based on calculations. Additionally, having a sufficient bankroll, playing familiar games, understanding the game rules, and setting limits are crucial for a more rewarding gambling experience. By implementing these strategies and acquiring a deeper understanding of online gambling, you can improve your odds of winning and enjoy a more profitable gaming journey.

Might be puzzling; however, when you know the rationale surrounding this, it becomes explainable. 

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Blackjack Strategy Mistakes

Common Blackjack Mistakes to Avoid at Online Casinos

Blackjack is not just a game of luck; it's a strategic card game where your skills as a player can greatly influence the outcome. Whether you play at an online live casino site for US players or use a Random Number Generator (RNG) version, every move you make carries value that depends on the situation. To maximize your chances of winning, it's crucial to avoid common blackjack mistakes that can cost you money. In this article, we'll discuss two common mistakes to watch out for.

Mistake 1: Opting for Insurance

One of the most common mistakes made by blackjack players is opting for insurance. This option becomes available when the dealer's exposed card is an ace, and it allows players to bet on the possibility of the dealer having a blackjack. However, taking insurance bets is generally unfavorable in the long run.

The payout for insurance is usually 2:1, meaning that if you pay half of your original wager's value for insurance and the dealer has a blackjack, you receive a 200% return. However, the likelihood of the dealer having a blackjack is less than one third, making it a risky bet. Over time, players are likely to lose money by consistently taking insurance. It's important to consider the big picture and avoid the temptation of taking insurance.

Mistake 2: Choosing a 6:5 Table

Choosing a 6:5 table instead of a traditional 3:2 table is another blackjack mistake that can impact your potential winnings. The 3:2 ratio is the standard layout for blackjack tables, where a £100 bet would yield a £150 payout if you win. However, some casinos have quietly switched to a 6:5 ratio, which significantly reduces the payout.

With a 6:5 table, that same £100 bet would only result in a £120 return instead of the expected £150. While the 6:5 ratio may appear appealing, especially to beginners, it significantly increases the house edge. Traditionally, blackjack tables have a house edge of 0.5% to 1%, which is the portion of your bet that the casino keeps as profit. Switching to a 6:5 ratio adds 1.5% to the house edge, favoring the casino and diminishing your chances of winning.

Additionally, choosing a 6:5 table not only affects your odds but also impacts the dealer's income. Dealers often rely on tips, which are usually in the form of bets. With the uneven 6:5 ratio, the dealer may not receive their full tips, causing them financial losses as well.

It's important to pay attention to the table's odds, which are typically displayed nearby. If you can't find a 3:2 table, it's advisable to leave the casino rather than risk losing money.

Frequently Asked Questions (FAQs)

  1. Can blackjack be beaten with a strategy?
    • While blackjack is a game of both skill and luck, employing a basic blackjack strategy can significantly improve your chances of winning. However, keep in mind that the house always has an edge, so long-term profitability is not guaranteed.
  2. Are online blackjack games fair?
    • Reputable online casinos use Random Number Generators (RNGs) to ensure fair outcomes in their blackjack games. These RNGs are regularly audited by independent third-party organizations to maintain fairness and transparency.
  3. Is card counting illegal in online blackjack?
    • Card counting is not illegal, but many online casinos employ measures to prevent card counting. It's important to familiarize yourself with the specific rules and policies of each online casino you play at.

Summary

To improve your blackjack gameplay and increase your chances of winning, it's important to avoid common mistakes. Opting for insurance bets and choosing 6:5 tables can significantly impact your profitability in the long run. By understanding the pitfalls and making informed decisions, you can enhance your blackjack experience at online casinos. Remember to always play responsibly and enjoy the game!

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Card Counting — Can You Do It?

Unlocking the Secrets of Card Counting in Blackjack

You may have heard about various blackjack strategies used by experts in casinos. Many newcomers attempt to adopt these strategies for their own games, but often end up losing money. One such strategy is Card Counting, which, if done correctly, can lead to significant rewards. However, it requires a proper understanding and execution to be effective.

Card Counting – A Clever Strategy

Contrary to popular belief, card counting is a relatively simple strategy that can even be learned and mastered by beginners. The key is to have a simple chart in mind while playing the game. Your focus should be on two groups of cards: the high cards (10s and face cards) and the low cards (two to six). Mentally subtract one for every high card and add one for every low card.

It is important to note that the middle cards (seven to nine) should not be counted. By keeping track of the card count, you can make informed betting decisions. For example, if your count is +2, it indicates a favorable situation to bet as a high card is likely to be drawn. Conversely, if your count is negative, it is advisable to avoid high bets as the deck is likely rich in low cards, decreasing your odds of winning.

Mastering the Strategy and Avoiding Detection

Once you have mastered the basics of card counting, you can delve into more intricate tactics, further increasing your chances of winning big. Additionally, it is crucial to memorize the type of cards that have been played based on their color and kind.

While card counting is not technically illegal, many mobile casinos may ask you to leave if they detect you engaging in this strategy. To avoid detection, here are some tips to keep in mind:

  1. Engage in small talk with the dealer as a beginner. This helps create a friendly atmosphere and divert suspicion.
  2. Avoid looking overly focused or serious, as it may draw attention from casino staff.
  3. Refrain from making drastic changes in your betting patterns, as this could raise suspicions.
  4. Take your time when deciding the amount of money you want to wager, maintaining a natural and relaxed pace.
  5. Change tables or casinos periodically. Staying at the same table for too long can attract unwanted attention. Be discreet and keep your gameplay smooth.

FAQ: Card Counting in Blackjack

  • Is card counting illegal?

Card counting itself is not illegal, but it is frowned upon by many casinos. While you can use the strategy, casinos have the right to ask you to leave if they suspect you of card counting.

  • Can I use card counting in online blackjack games?

Online casinos often use automatic shuffling machines or virtual decks, making card counting ineffective. Therefore, card counting is not a viable strategy for online blackjack games.

  • Do all blackjack players use card counting?

No, not all blackjack players use card counting. It requires a certain level of skill, practice, and understanding to effectively implement this strategy. Many players prefer to rely on other strategies or play without card counting.

Summary

Card counting can be a powerful tool in blackjack if utilized correctly. By keeping track of the card count and making informed betting decisions, players can increase their odds of winning. However, it is important to remember that card counting is not without risks. Casinos may take action if they suspect you are engaging in this strategy. So, approach card counting with caution and always prioritize responsible gambling.

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Betting Strategies for Three Card Poker


Strategies for Winning at Three Card Poker

Three Card Poker is a popular and exciting casino game that offers the potential for big payouts. While luck certainly plays a role, mastering the rules and strategies of the game can greatly improve your chances of winning. In this article, we will discuss various strategies that you can apply to maximize your success in Three Card Poker

How to Play Three Card Poker:

Three Card Poker is a table game that is typically played against the dealer in a live casino setting. Each player and the dealer receive three cards. The objective is to have a three-card hand that beats the dealer's hand.

To win, you can choose to make an ante bet and surrender or make an ante bet and an equal play bet. If your hand beats the dealer's hand, you win both the play bet and the ante bet. Conversely, if the dealer's hand beats yours, you lose.

Increasing Your Chances of Winning:

  • The Queen-Six-Four Strategy:

To minimize the risk of losing, it is recommended to have a minimum hand of queen, six, and four before deciding to raise. If your first card is a queen or higher, and your second card is a six or higher, and your third card is a four or higher, you can raise. If your hand is lower than this, it is advisable to fold.

  • Playing Along with the Dealer:

If you have knowledge of the dealer's hand, you can make a decision based on that information. If the dealer has a jack, it is generally advisable to play. However, if the dealer has a queen, king, or ace, it is recommended to fold unless you have a similar hand and a nine.

  • Playing Pair Plus:

The Pair Plus option allows you to win a bonus if you have a pair or better. It can provide an opportunity for bigger wins, so consider utilizing this option.

  • Playing Two Games at a Time:

By choosing to play both the Ante/Play and Pair Plus options simultaneously, you create a win-win or lose-win situation. This strategy offers the potential for increased payouts or reduced losses.

  • Setting Your Wager Low:

If you are new to the game, it is advisable to start with lower wager amounts until you become more familiar with the rules and strategies. Set a limit on how much you are willing to gamble and never exceed that limit.

  • Practice Play Mode:

Before betting real money, take advantage of practice play modes offered by mobile casinos. This allows you to familiarize yourself with the game and its rules, reducing the risk of making hasty decisions and incurring losses.

FAQs (Frequently Asked Questions):

  • Is Three Card Poker purely a game of luck?

While luck certainly plays a role in Three Card Poker, it is also a game that requires skill. Understanding the rules and employing effective strategies can significantly improve your chances of winning.

  • Can I play Three Card Poker for free?

Yes, many online casinos offer the option to play Three Card Poker for free. This allows you to practice and familiarize yourself with the game without risking any real money.

  • Are there different variations of Three Card Poker?

Yes, there are different variations of Three Card Poker available, but the basic rules and strategies remain similar. It is always advisable to familiarize yourself with the specific rules of the variation you are playing before placing any bets.

Summary

Three Card Poker is an exciting casino game that combines elements of luck and skill. By understanding the rules and implementing effective strategies, you can increase your chances of winning. Remember to start with lower wagers if you are new to the game, utilize practice play modes, and play responsibly within your limits. With the right approach, you can enjoy the thrill and potential rewards that Three Card Poker has to offer.

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Best Ways to Get Casino Bonuses

Best Ways to Maximize Your Casino Bonuses

Introduction

When it comes to choosing an online casino, bonuses can play a significant role in your decision-making process. While casino bonuses can be advantageous, it's essential to understand their terms and conditions to make the most of them. In this article, we will explore the different types of casino bonuses and provide you with insights on how to maximize their benefits.

Types of Casino Bonuses

  1. Welcome Bonus: Upon registering at an online casino, you will often come across the enticing welcome bonus. This bonus is typically offered as a percentage of your first deposit. For example, if a casino offers a 100% welcome bonus and you deposit $60, you will receive an additional $60, bringing your total account balance to $120. To make the most of this bonus, consider making a significant first deposit. Keep in mind that different casinos offer varying percentages, so compare your options.
  2. Reload Bonus: The reload bonus is a reward for existing players when they make subsequent deposits after their initial deposit. Not all casinos offer reload bonuses, and they are usually not as generous as welcome bonuses. It's advisable to choose established casinos known for regularly providing reload bonuses to maximize your rewards.
  3. Loyalty Bonus: If you are a frequent player, loyalty bonuses are worth considering. Some casinos have loyalty programs that reward high-spending players. To qualify for this bonus, you may need to reach a certain threshold in terms of your wagers. If you anticipate meeting the requirements, registering with a casino that offers a loyalty reward program can be advantageous.

Maximizing Your Casino Bonuses

  1. Read and Understand the Terms and Conditions: Before accepting any casino bonus, carefully review the terms and conditions attached to it. Pay particular attention to the wagering requirements, which stipulate the minimum amount you must bet before withdrawing funds. Choose a bonus with reasonable wagering requirements that you can easily meet.
  2. Research and Compare Bonuses: Take advantage of the competition among online casinos by researching and comparing different bonuses. Look for casinos that offer generous bonuses with favorable terms. By doing your due diligence, you can select the most advantageous bonuses that align with your gambling preferences.
  3. Manage Your Bankroll: Effective bankroll management is crucial when maximizing your casino bonuses. Set a budget for your gambling activities and avoid exceeding it. By carefully managing your bankroll, you can make the most of your bonus funds and reduce the risk of overspending.

Summary:

Casino bonuses can be a valuable asset when choosing an online casino, but it's crucial to understand their terms and conditions. This article explored the different types of casino bonuses, including welcome bonuses, reload bonuses, and loyalty bonuses. To maximize your casino bonuses, it is important to read and understand the terms and conditions, research and compare bonuses, and effectively manage your bankroll. By carefully selecting advantageous bonuses and meeting the necessary requirements, you can enhance your online gambling experience and increase your chances of winning. Remember to always choose reputable casinos with transparent bonus policies to ensure a safe and enjoyable gaming experience.

FAQs (Frequently Asked Questions)

  1. Are casino bonuses really “free”?
    • While casino bonuses are advertised as “free,” it's important to note that they come with terms and conditions. These conditions may include wagering requirements and other limitations, so be sure to understand them before accepting a bonus.
  2. Can I withdraw my bonus funds immediately?
    • Typically, you cannot withdraw your bonus funds immediately. Most bonuses require you to fulfill certain wagering requirements before you can make a withdrawal. Always review the terms and conditions to understand the specific requirements.
  3. Are all casino bonuses worth pursuing?
    • Not all casino bonuses are created equal. It's essential to evaluate the terms and conditions, including the wagering requirements and other limitations, to determine if a bonus is worth pursuing. Choose bonuses that align with your gambling style and offer favorable conditions for maximum benefit.
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How to Choose the Best Slot Games for an Enhanced Online Casino Experience


Slot games have always been a popular choice for casino enthusiasts, and with the advancement of technology, they can now be enjoyed on various online platforms. With a wide range of options available, it's essential to consider several factors to ensure you select the best slot game for your preferences. In this article, we will explore key aspects to consider when choosing an online slot, helping you enhance your overall casino experience.

Look For Slot Bonuses


Slot bonuses contribute to the excitement and entertainment of online slot games. These bonuses can be activated to provide bonus rounds during gameplay. Take advantage of the free spins and bonuses offered by online casinos to maximize your chances of winning. Opt for slots that offer adequate bonuses, as they often provide a more rewarding gaming experience.

Choose A Slot Based On Your Bankroll


Your bankroll, or initial budget, should guide your choice of slot game. Adjust your bet size according to the amount of money you have available. It's advisable to play with an amount you can comfortably afford to lose. By aligning your bets with your bankroll, you can better manage your wins and losses and enjoy a satisfying gaming session.

Select Slot Based on Features

Naturally, most players prefer to play online slots with minimal reels and paylines because it seems like an easy path. Therefore, we implore you to consider choosing a layout design based on simple symbols. You should also focus on slots with a direct payout structure. 

Choose Slot Based On Themes

Online slots come in a vast array of themes, making it easier for players to find one that appeals to their interests. Select a slot with a theme that you find visually appealing and enjoyable. Keep in mind that luck plays a significant role in slot games, so even if you don't win, you can still appreciate the experience of playing a slot game you find engaging.

Summary

By considering the factors discussed above, you can make an informed decision when choosing slot games that align with your preferences and requirements. Take advantage of slot bonuses offered by online casinos, choose a slot based on your bankroll, opt for straightforward layouts and payout structures, and select a theme that brings you joy. Remember to gamble responsibly and enjoy your top-rated slot games to enhance your online casino experience.

FAQs:

  1. Are slot bonuses really worth it? Yes, slot bonuses can significantly enhance your gaming experience by providing additional rounds and opportunities to win. Make sure to take advantage of the free spins and bonuses offered by online casinos to maximize your chances of success.
  2. Can I play slots with a limited budget? Absolutely! It's crucial to choose a slot that aligns with your bankroll. By adjusting your bet size according to your budget, you can enjoy the game without exceeding your limits and ensure a satisfying gambling experience.
  3. Do slot themes affect my chances of winning? Slot themes are primarily for visual and entertainment purposes and do not directly impact your chances of winning. The outcome of slot games is determined by random number generators (RNGs), ensuring fairness and unpredictability in each spin. So, choose a theme that you find enjoyable and have fun while playing.

Here are three short recommendations for selecting the best slot games:

  • Explore casinos that offer generous slot bonuses for an enhanced gaming experience.
  • Prioritize slots that align with your bankroll to ensure responsible and enjoyable gameplay.
  • Choose slots with straightforward layouts and payout structures for better odds of winning.
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Employees are Laid Off in Las Vegas

Currently, contradictory reports are being published: On one side, there are news reports about very high turnovers in Las Vegas casinos. On the other hand, there are now reports that a hotel and casino operator is not only laying off employees but continuing to keep casinos closed.

July Was the Highest-Revenue Month in Las Vegas

According to the Nevada Gaming Control Board, more than 600 million was generated in Nevada casinos in the month of July. 

Admittedly, this is a drop in revenue compared to previous years. 

However, if this sum is compared to the previous months of this year, there is a significant increase in revenue. 

Since many casinos were closed for weeks and months and that operations first must settle down again, casino operators can be quite satisfied. 

The weakest months in terms of sales were April and May. 

These reported a drop in sales of over 99 percent – in July, it was only 26 percent compared to previous years.

According to an interesting study, visitors in July came from almost every state in the United States. 

While the largest number of visitors were from California, other states were also represented. 

Thus, they were primarily locals – the number of tourists from other countries dropped sharply.

Legalized gambling has been taking place in Las Vegas since 1931. 

In 1941, the first casino-hotel was opened, albeit a short distance outside the city. 

Over the years, Las Vegas was able to become the Eldorado of gambling and recorded 42 million visitors in 2019. 

Due to the Corona pandemic, this number dropped significantly in 2020. 

This decline must be remedied as soon as possible, since Las Vegas lives primarily from gambling. 

True, conventions, concerts and various championships are also held in this city. Nevertheless, it used to be that visitors came for the casinos. 

According to statistics, a visitor spends an average of 3.7 days in Las Vegas.

MGM Lays Off More Than 18,000 Employees

Although the revenue trend is positive, one operator is not at all satisfied: MGM wants or needs to lay off more than 18,000 employees. 

This group operates casinos and hotels not only in Nevada, but in several USA states.

In Las Vegas, there are the Bellagio, the MGM Grand and the Mirage. 

All casinos were closed during the Corona pandemic and 62,000 employees were put on forced leave. 

Now, a large number of these have to be laid off.

The main reason for this action is the drop in revenue. 

Most of the closed casinos are now open again. 

However, the current visitor numbers still do not match the earlier figures. 

Another reason lies in the fact that in the USA, according to a law, employees must be dismissed under certain circumstances: Anyone who has been put on forced leave and cannot return to work after six months must be terminated.

Another reason for the decline in visitor numbers is the travel restriction that remains in place. 

Of course, not only Americans but many tourists from other countries flocked to Las Vegas in recent years. 

As long as the travel restrictions remain in place, all casinos in the U.S. will have to reckon with a drop in revenue. 

In addition, casinos are only allowed to take in half as many visitors as before the Corona pandemic. 

MGM Casino in Las Vegas

This may also be one reason why an MGM casino in Las Vegas remains closed. 

Furthermore, the hotels operated by MGM are also operating at lower occupancy rates than before. 

As a result, casino employees are not the only ones affected by a layoff: On convention weekends, Las Vegas hotels were operating at 100 percent capacity. 

MGM recorded an occupancy rate of just under 43 percent in recent months. 

The group tried to change this fact with dumping prices, but with moderate success.

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Caesars Splits with Some Casinos

Last year, Eldorado announced that it would like to merge with Caesars. Both companies agreed to it. However, the merger also has a big disadvantage: Caesars has to part with some casinos due to the merger. This also applies to Eldorado. We clarify why this is the case and which casinos will be sold.

This Is How the Merger Is Going To Happen

Caesars was not the only company that had to divest itself of casinos. 

Federal Trade Commission had required Eldorado to sell two properties. 

That was a prerequisite for approval. 

However, compared to Caesars' casino sales, the Eldorado group was dictated to whom it would sell. 

The proud new owner is Twin River Worldwide Holdings.

Other authorities have also already given their approval, which is why the merger will soon go through. 

The largest part of the purchase sum will be transferred. 

The remaining amount will be paid via a transfer of shares. 

In total, Eldorado will pay $18 billion to Caesars. 

Once the merger is complete, Eldorado will own 51 percent of the combined company.

However, Caesars has other ideas for maintaining its own foothold in the U.S. 

Furthermore, Caesars would like to take off in the online market. 

The latter also seems to make sense in view of the numerous closures during the Corona pandemic. 

Nobody can estimate how the pandemic will continue. 

Online offers are in no way affected by this and are available to the player at any time.

New Casino to Replace Sales

Caesars is planning to rebuild the existing Harrah's New Orleans. 

The planned remodel will cost $325 million. It will take several years to complete the luxury remodel. 

The new opening is planned for 2024. 

Thus, the new casino resort will have a new tower, which will house 340 rooms. 

In addition, an entire floor will be reserved for culinary delights.

The remodeling will definitely pay off for Caesars. 

In New Orleans, Caesars is the only casino operator. 

Thanks to this monopoly position, the costs of the conversion will soon pay for themselves. 

Experts believe that the new casino will be as luxurious as Caesars Palace in Las Vegas. 

The Palace was built in the style of an ancient Roman palace and offers almost 4,000 suites and rooms. 

The casino area extends over 15 hectares and numerous stores have also been integrated.

Caesars Launches in the Online Sector

Caesars laid the foundation for online casinos last year by buying William Hill. 

The Caesars group beat out its competitor Apollo and is looking to take off with William Hill's digital offering. 

However, the truth is that Caesars has no interest in William Hill's UK market. 

Therefore, this part was sold to Apollo.

William Hill primarily offers sports betting. 

With this, Caesars can expand its existing online casinos.

So far, Caesars Online Casino only offers exciting slots. 

William Hill, on the other hand, has also been presenting table games for quite some time. 

If the complete range is taken over, the company will actually take off in the online sector. 

This can also be seen as a compensation for the lost online casinos. 

Caesars Southern Indiana Casino, for example, provides more than 1,200 slot machines. 

The profits generated from these machines probably cannot be offset via the online offering. 

It could also be problematic that this casino already offers sports betting from William Hill. 

If this remains, the buyer would become a serious competitor to Caesars.

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Hawaii Begins Gambling Legalization

Up to now, gambling has been prohibited in Hawaii. However, this is to change, and seven bills are to ensure that in the future tourists can also enjoy themselves in Hawaii by gambling. In addition, the government wants to introduce state-run sports betting. If everything went according to plan, there would be only one state in the USA where gambling would not be allowed.

These Ideas Have Been Proposed

Although Hawaii and Utah are the only two states in the U.S. where gambling is still banned, seven bills have been proposed to allow gambling to be established in Hawaii as well. 

Some may think that this is a bit of an exaggeration. 

One of these bills provides that a corporation called Hawaii Lottery and Gaming Corporation may offer the following games:

According to this draft, sports betting should remain prohibited. 

Much more interesting may seem the idea that the revenues from gambling should be used to financially support public schools and universities.

Another draft would only allow lotteries other than Mega Millions and Powerball, which are popular in the US. 

The question with this bill is whether this idea is worthwhile. 

Most likely, residents of Hawaii would be able to participate in these lottery games online, as is the case in Europe. 

On the positive side, the revenue would also benefit the education sector.

Two Designs for Island Resort

Two other designs appear to be far more interesting and purposeful. 

These envisage an island resort. 

This resort would consist not only of the casino, but also of a hotel. 

Tourists could spend the night there, which would boost tourism in general. 

The revenue could still go to the education sector. 

Compared to lottery offers, the economy in Hawaii would receive a much greater benefit. 

A large resort needs new employees, so Hawaii's population would also benefit from a private perspective. 

Some Hawaii residents resist the idea of introducing gambling. 

However, if new employees are hired, this problem could be taken care of.

It is also interesting to note that the resort would be licensed for the next 40 years. 

In addition, sports betting would be allowed, subject to a 45 percent tax. 

The state would also benefit from such a tax. 

From this point of view, the idea with its own island resort would be the most efficient proposal at the moment. 

This would also be because the operator of the resort would only have to pay a fee of one million US dollars for the license. 

The building would also have to be constructed. 

After such a great project must be awarded via a tender, local companies could get a chance.

Down the road, new jobs would be created as Hawaii would need its own gaming authority. 

A portion of the license fee and state revenue due to the creation of the resort would go to the Hawaiian Home Projects initiative.

Another bill would provide that there would be a casino, but not a hotel. 

This stand-alone casino would only receive a 10-year license.

Government Wants to Establish Sports Betting

Even before the various proposals are voted on, the government would like to establish sports betting. 

However, no private individual would be granted a license. 

The problem in Hawaii would be that many gamblers already turn to illegal sports betting services. 

Therefore, according to the government, it would not make sense to rely on a new local provider where residents would bet. 

Thus, the idea would be that there would be a state provider for sports betting so that gamblers would no longer resort to the illegal offers.

The idea under consideration is to establish a subsidiary of the state-owned DBET. 

This newly created subsidiary would be allowed to offer sports betting to anyone over the age of 18. 

The board of the new group is to be made up of seven people who will oversee all activities. 

Whether this first step by the government actually makes sense remains to be seen. 

As a rule, tourists will not turn to sports betting – they want to have fun in a casino on site.

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