Online Casinos Continue To Prosper Despite Slow Economy

Land based casinos are among the most devastated industries hit by the current state of the economy. All across the United States there are land based casinos that are having their revenue figures drop by the month.Online casinos for a long time have been trying to find a way to pull people out of land based casinos and bring them on to their computers. It turns out the best marketing plan was one they could not control, the economy.

People are not traveling to fun casino as much these days with gas prices through the roof. The economy has stopped people from having the Monet to go out for a full night of entertainment.

In addition to the actual online gambling that goes on in casinos, there are also other areas where people were spending money on a night out. They were eating dinner in the casino gaming, maybe enjoying a show, and drinking leisurely throughout the night.

Those factors combined for an expensive night out. Online casinos have taken advantage of their good fortune. Many are offering big sign up bonuses, so not only are people not spending money, but their getting some for free from the online sites.

People are more apt these days to order a pizza, get themselves some cocktails, and cozy up to the computer for a night of casino slots or cards. Until the economy rebounds, it is online casinos that will be the beneficiaries and land based casinos left out in the cold.

Source: http://www.casinogamblingweb.com/gambling-news/online-casino/online_casinos_continue_to_prosper_despite_slow_economy_49424.html

$750,000 state grant comes through for Casino project

Two state grants totaling $750,000 were bestowed Monday for the $3 million renovation of the 1915 building. By Joe Pinchot
Herald Business Editor

HERMITAGE —

Buhl Farm’s Casino has hit the jackpot for a major renovation.

An icon of the park, the stately Casino in recent years has fallen into disrepair and was long overdue for an overhaul.

Community leaders gathered Monday morning on the Casino’s front porch to learn about the renovation and receive the grant from state Sen. Bob Robbins, R-50th District, Salem Township, and state Rep. Mark Longietti, D-7th District, Hermitage, who called Buhl Farm “one of our most treasured assets in the community.’’

Built for slightly more than $45,000, the casino gambling has hosted dances, concerts, plays and a variety of recreational activities. But the two-story building has seen its usage decline due to deterioration and escalating utility costs.

“This is going to be a big project,’’ said Jim Feeney, president of the F.H. Buhl Trustees, which oversees the park in Hermitage.

A major change is that locker rooms built in the 1940s as an addition to the Casino will be removed. New locker rooms were recently added at the adjacent pool area so the old lockers are no longer needed.

“When the old locker rooms are removed, we’ll wrap the porch around the Casino so it will look like it did originally,’’ said Greer Hayden, an architect for HHSDR Architects/Engineers of Sharon, which is overseeing the renovation.

Another major improvement is that an elevator will be installed to make the second-story ballroom accessible to the handicapped.

Other upgrades include: new heating and air conditioning, new windows and a facelift of the porch and its Greek-style columns. Renovations will transform the building while keeping its early 20th century look intact.

“We will still keep the architectural integrity of the building,’’ Hayden said.

One interior design change will occur on the first floor which will house an office for the park manager, ranger, a conference center and new restrooms.

Construction is scheduled to begin in March and is expected to be completed in about a year. A $294,000 federal grant was previously committed to the project. Remaining costs will come from the F.H. Buhl Trustees which previously completed a $5.1 million capital fundraiser.

“That’s what the state liked about the project,’’ Feeney said. “We had the community money up front to leverage the grant money.’’

State grant funds came from the Growing Greener II and Housing and Redevelopment Assistance programs.

Another $500,000 in state funds were earmarked Monday for the city of Hermitage to improve the North Buhl Farm Drive corridor between East State Street and the park. Improvements, which are covered under the state’s Elm Street initiative, will include handicap accessible sidewalks and curbs with the possibility of a trail, said Gary Hinkson, Hermitage city manager.

Herald Business Editor
November 03, 2008 06:44 pm
By Joe Pinchot
http://www.sharonherald.com/local/local_story_308184419.html?start:int=0

Extrabet Taps Chartwell to Roll Out UK Online Casino

Chartwell Technology, a provider of gaming software systems to the remote gaming industry, announced that Extrabet, a wholly owned subsidiary of IG Group Holdings, has launched the first Gambling Commission (UK) licensed free casino powered by Chartwell.

Located in London, UK, IG Group Holdings is a FTSE 250 company with established operations around the world resulting in revenues that exceed $200 million. Formed in 1974, IG Group is the holding company of IG Index and Extrabet Limited which operate spread betting and fixed odds betting businesses in the UK for customers across the telephone or internet.

In order to fulfill IG Index's requirements and commitment to regulatory leadership, Chartwell's gaming system underwent a thorough certification process by the UK regulatory authority that meets or exceeds gaming regulation anywhere in the world. This included both corporate and software certification to ensure maximum security and reporting functionality necessary for Chartwell to receive certification by the Gambling Commission (UK) under the new regime.

"This event marks a significant milestone for Chartwell, the IG Group, and on-line gaming regulation as a whole," said Darold H. Parken, President and CEO of Chartwell "Delivering the software solution to power the UK's first licensed online gaming site elevates our company and technology to the next level and I am proud of every member of our team for achieving this industry-first. I would also like to complement the efforts of the IG Group, their pursuit of growth built on technology while conducting business within an extensive regulatory framework clearly defines this organization."

"We're delighted to add Chartwell's casino to our on-line sports betting portfolio," said head of IG Sport, Stuart Lane. "While we're continuing to see growth with both fixed-odds and sports spread betting, we also recognise the appetite for other modes of on-line gaming and thus the benefits of increasing the offerings on our sports platforms. With the addition of the online casino we are now a step nearer to our long term goal in bringing both Extrabet and IG Sport customers everything they require on one internet casino betting site."

Wed. October 22, 2008; Posted: 01:21 AM
http://www.tradingmarkets.com/.site/news/Stock%20News/1960424/

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Tips to Prevent Online Casino Delinquents

In online casinos gambling is spreading beyond the boundaries and now popularized world wide. It is also very convenient to people but when it is not handled with care will proceed into danger. Internet provides a lot of online casinos to customers but all casinos are not good or reputed ones.

Like any other business, there are delinquents rotating around to make harm. Here are some points described that will help you to prevent being deceived at a crook casino business.

Deposit Methods

All reputed best online casinos admit deposits in a wide variety of ways. Stay away from any online gambling site that only needs cash, cheque or wire. The best casinos will cheerfully receive deposits from credit cards and transactional services like NETeller and Pay pal.

Point Two: Deposit Amounts

The most important clue of a bad casino is the amount of money demanded for a deposit. Good and reputed online casinos will take minimal deposits as low as £5. But, lawbreakers cannot offer to accept people £5 at a time, because speech will justify before they can really gain.

Point Three: Reputation

The investigation of a reputed online casino cannot be done easily as it should cover all the details regarding the online casino. Hence it is a time consuming one and for this you have to move to a search engine of your choice and type in their name to see what turn up now. If you want to search about the comments from people about the casino then message forums will help you as almost all comments are published on this section of the particular site.

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