2008 March 30 Gambling News, Events and Happenings

All the doom and gloom over the economy has Tony Marty seeking sanctuary in a familiar place. Behind a slot machine. Marty, 41, has intensified his gambling habit during this economic downturn. He used to frequent the casinos in Atlantic City

Three Syracuse men who were arrested in a $20.3 million gambling operation in Central New York three years ago are now accused of being involved in a gambling ring that racked up more than $50 million in bets between September 2006 and this March.

The Problem Gambling Foundation is calling for an urgent investigation into what it is calling dubious funding of the racing industry. via Newstalk ZB

MONTGOMERY With the failure last week of a tax bill that could have filled a 40 million hole in the state General Fund, legislators say they automatically aren’t turning to gambling as a solution to state finance woes.

Monroe city officials have found that video bingo has become a bigger windfall than expected.

Three years ago Cantor Gaming, a technology associate of the giant US financial services group Cantor Fitzgerald, pioneered lobbying efforts to introduce remote hand-held gambling devices for on-premises use in Vegas land casinos

April 2nd’s Congressional hearing on the practical implementation of the Unlawful Internet Gambling Act (UIGEA) will be conducted by the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology under the chairmanship of Democrat Congressman Luis Gutierrez.

Following news of improved employment prospects recently (see previous InfoPowa report) Macau investors were buoyed this week by bullish predictions for the island and new numbers from the government. These showed that surging gambling revenue and investments in luxury hotels and the entertainment industry has made the former Portuguese enclave Asia’s richest territory.