CaSiNo Tricks

Vegas casinos relying more on baccarat

2012-01-26T01:21:00.000-08:00

In the days previous to the Chinese New Year festivity began this week; 6 high rollers sat down at the confidential baccarat tables one day at the MGM Grand in Las Vegas and began throwing down wagers of $100,000 to $200,000 a hand. It was a scene hardly out of place these days in Sin City.

Big-time gamblers, primarily from Asia, are flocking to Las Vegas to play baccarat and providing a big lift to the overall bottom line of the city's casinos.

Baccarat has easily surpassed blackjack in terms of casino revenue in Las Vegas and now represents nearly 60 percent of the MGM Grand's table games revenue over the past year. It's especially popular this week with tens of thousands of tourists from Asia in town to celebrate the Chinese New Year.

"For us to make money in gaming today without baccarat is almost impossible," said Debra Nutton, senior vice president of casino operations at the MGM Grand hotel-casino. "We need the big whales to make money."

In Las Vegas parlance, a "whale" is a big-time gambler who easily wagers more in one night at the tables than most American families make in a year. Casinos cater to them with plush, secluded gambling salons inside the top casinos — with baccarat games that often start out at a minimum $10,000 per hand.

The whales typically favor baccarat — a game romanticized in James Bond flicks and highly popular in Macau and Singapore.

SA world's third largest casino market

2011-12-05T04:34:00.000-08:00

Not only is South Africa the world's third largest casino market, but was also the fastest growing casino market in 2010 with a 3.5% increase, a new report by PwC reveals.

In its Global Gaming Outlook to 2015 released on Monday, PwC says that in terms of casino gaming, France had the largest casino market in 2010 at $3.8 billion, followed by Germany and South Africa at $2.0 and $1.8 billion, respectively.

But France has declined during the past two years, and a further drop is expected in 2011 with modest increases projected thereafter as the economy improves, according to PwC.

"Germany has one of the strongest economies in EMEA, and its market continued to expand during the past three years, albeit at annual rates of less than 1 percent. We look for somewhat faster increases during the latter part of the forecast period as economic conditions strengthen and as private companies enter the market as privatization occurs, by taking on existing licences," the report says.

Source : www.businesslive.co.za

Link Partners

Promotional USBs
Free Online Poker Win Real Money upto $ 200 by playing free poker, roulette, blackjack, slot machine, sport betting, free bingo online & video poker at OnlineGambling.co.uk. Read free articles and find useful information on online casino games.

Casino Tips for Beginners

2011-12-05T04:24:00.000-08:00

It can take quite some time to become a master at the casino but a few tips to bear in mind if you are just beginning are:

• Don’t try to be crafty – casinos are heavily populated with security cameras and any attempts to cheat the system will be captured.

• Be careful with your personal belongings – some casinos do attract the petty criminal so keep an eye on your belongings, especially handbags. Thieves will target those who are distracted by games.

• Study, study, study – even if you’re only going to be playing with small amounts, it pays to study the games beforehand and pick up any tips for successful play.

• Don’t bet more than you can afford to lose – this one is self-explanatory!

• Don’t count on winning – you may well trip into the casino with lofty ambitions of leaving with a small fortune but this is not a good idea. Yes, you may have a wonderful winning streak but take each win as it comes and just concentrate on having a good time

• Don’t drink and play! Although the casino may well ply you with free drinks, alcohol can muddy your rationale and you might make decisions that you’ll regret in the morning (while you’re nursing that hangover…)

• Stay humble – even if you’re having the most amazing winning streak ever known to man, keep your wits about you and remember it can end just as suddenly as it started

• Keep your head down – If you are doing well and therefore winning lots of money, keep it quiet. There will be those on the prowl for people like you!

Source:www.topshotstips.com