Tag Archives: land based

Syndicated Bingo

August 31, 2018   Game guide   No comments

For the past few years bingo prize jackpots have been increasing quite dramatically, not only in the land based bingo clubs, but also for online bingo. This has caused a new kind of evolutionary process for bingo players, the bingo syndicate. This is much like a lottery syndicate, where a couple of friends, or a group get together, pool their financial resources and share any prize money. Syndication is thought to offer players better odds of winning and in many instances it does. It is not a difficult concept to understand, if four players join their resources, they can afford more cards and many cards may be marked by many hands.

Bingo syndication does not only apply to the land based game of bingo, online players also make use of it. Although the prize is split between the number of syndicated players, it is still better than not winning at all, and this type of scheme appeals to many bingo players.

Bingo syndicate can be ongoing or established for just one game or session. There is no legal process that has to be adhered to; it is simply a verbal or written agreement between participants. One thing that is essential is a clear set of rules must be established before bingo players’ act as a syndicate.

Playing in a syndicate encourages the social aspect of bingo, as players are genuinely keen for their fellow members to win. They will all benefit, regardless of who wins.

Trust is a very important factor when playing syndicated bingo. There have been quite a few instances when one person has won and their friends or family have believed themselves to be part of a syndicate, only to have the winner try to keep all the winnings to themselves. This has led to a number of court cases, and these court cases don’t seem to have set any legal precedent. Every judge has ruled as he sees fit, some win, some lose, but what does happen is families and friendships fall apart and this is not something that anyone wants to happen.

When forming a bingo syndicate, it would probably be wise for everyone to agree to something in writing. This will preclude any misunderstandings in the event of a win and save a great deal of trouble for all members of the syndicate. Although generally speaking, most bingo players are willing to share.

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Online casinos financial report Vs land based casinos (Page 1 of 2)

June 13, 2018   Game guide   No comments

In this article I will analyze these two industries, trends, regulations, profits and overall status.

It is clear that there is a battle going on between the online casinos to land based casinos. I took for example one of the biggest and strongest land based casinos – MGM ( $7.7 B) and one of the successful online casino company-888 Holdings ($1 B).

These companies are good examples since they are leaders and reflect the industry very well.

The war started a long time ago but I think it escalated in 2006 with the coalition of anti-gambling conservatives, together with Las Vegas interests and law enforcement which forced the government to ban online gambling.

Analysts estimated, at that time, that the amazing success of online casinos was over. Traded online casinos went down and everybody thought they were finished but it turned out to be the biggest mistake ever. Since then, land based casinos have been losing their power to online casinos.

Countries all over the world have realized that it is better to regulate online casinos rather than ban them because people will always find ways to gamble and to play the casino and banning them loses millions in taxes.

Take for example MGM

MGM together with Dubai world fund (which is a government investment fund. Its assets under management are excess of $100 billion and the revenue was $10.6 billion to in 2006) are short of funding in their $3.5 billion ( still pending) project “CityCenter” in Las Vegas due to the reluctance of the banks to give such a big loan to the project. German Deutchebank and Suiss Credit are among those banks.

The raising of finance for e $3.5.billion projects should have been completed

by end of June 2008. The cost of the project is $100 million a month.

“At present, no company in America has been able to borrow such sums from the banks” said James Maren, President of MGM Mirage in an interview with Bloomberg TV.

Just look at the trading charts of MGM. Earnings per share went down nearly 50 for the last year due to a decrease in players and a decrease in earnings.

There are several reasons for this:

First, the economy is in bad shape, gas prices are constantly rising, inflation is rising and US debt is more than $9.4 trillion and rising $1 billion a month. The stock market is also not doing well.

Second, it has become very expensive for Americans to travel to Vegas. When you pay more than $4 a gallon, you don’t drive and you don’t fly, simply because you rather save this money then spend it on traveling.

Third, online casinos are on the rise and taking a lot of players from them. With fast internet connections, smart and sophisticated online casinos and huge numbers of casinos guides, you have everything you need you need to optimize your bet.

888 HOLDINGS

888.com is one of the successful online casino operators on the web. It trades on the London Stock Exchange; market value is about $1 billiard.

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