Category Archives: Casino

A grifting granny from The Bronx bilked the federal government out of more than $650,000 then blew most of it at the casino, authorities said Tuesday.

Carmen Soto, 77, had apparently been plotting the scheme since 1960, when she applied for two phony Social Security cards and began collecting benefits off the bogus government IDs around 1994, according to the Bronx District Attorneys Office.

She was finally busted this year after a trip to the state Department of Motor Vehicles where facial-recognition technology blew the lid off the illicit venture, officials said.

Soto, who had a third Social Security card in her real name, had applied for government benefits using the other two IDs with the aliases Gloria Sanchez and Carmen Maldonado in what Bronx District Attorney Darcel Clark called a carefully orchestrated scheme to bilk the system.

Over nearly three decades of collecting dough from Social Security and the citys Human Resources Administration, Soto conned well over half a million dollars, authorities said.

Each of Sotos identities had a bank account, drivers licenses or non-driver ID, a passport and a P.O. box, according to prosecutors.

But the wealth of supporting documents was her undoing: Soto was nabbed while trying to renew a drivers license and the DMVs facial-recognition technology matched her face with three separate IDs.

Soto pleaded guilty to second-degree grand larceny in May.

She was sentenced to five years probation and is also on the hook for the money most of which she already lost gambling, prosecutors said.

This sentencing should stand as a warning to those who are thinking of defrauding the Social Security Administration to receive benefits we will hold you accountable, Sharon MacDermott, head of the Social Security Administrations Office of the Inspector General in New York, said in a statement.

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Grifting granny: Elderly Bronx lady bilked government out of $650K, blew it at the casino: officials - New York Post

The concept of the Metaverse still might seem like it came straight out of science fiction, But, the exciting new era in the tech world is now officially a reality.

As a refresher, the Metaverse is an interconnected virtual space that merges the virtual versions of elements of the physical world and the physically persistent virtual world. Within the alternate digital reality, people can play, work, socialize, and even create an entirely new system of economy.

The possibilities with the metaverse are endlessusers can go on a date, travel to another country, play video games, and now even make new friends by attending a party. The dawn of the new technology has created an abundance of unforeseen opportunities across an array of different industries that benefit from blockchains increased security and transparency.

But despite metaverse technology taking off, there have still been limitations to the technology, including storage capability, the inability to create a fully immersive experience, and physical limitations like bulky virtual reality headsets.

Newcomer to Web 3.0, Planet Maya powered by Champion Games, plans on changing these limitations through its state-of-the-art platform that boasts the worlds first collaborative open-source virtual reality casino.

Through its economy and community of game developers, odds-makers, and players, Planet Mayas platform aims to change the perception of online skill-based gaming. This is by building global play-to-earn experiences that converge sports, technology, and entertainment.

The company aims to not only solve the common pain points discussed above but also take betting back to what it used to be, fun interaction between peers. It aspires toward a world where players are playing for the love of the sport, and not being taken advantage of by finance.

At the end of the day, we strive to foster a healthy yet competitive environment for those who love sports and gaming and place the financial power back in the hands of the players by creating an economy where players and platforms are equal, the company states in its whitepaper.

Digital money-making games are already an incredibly profitable industry. But, by merging metaverse technology with skill-based gaming, metaverse casinos have the keys to bringing more regulation and transparency to the online betting world.

So how exactly does it work? The platforms sustainable software ecosystem leverages the technology of smart contracts which control both the incoming revenue from customers and rewards allocated to the makers and miners.

Its token mechanism helps developers tap into this new source of revenue by generating the smart contracts needed for a new game. These smart contracts can then be deployed to a public blockchain and upgraded with new logic to reflect the latest odds through the odds-making mechanism.

In a nutshell, users spend tokens ($MAYA) in their wallet to get access and wager on a game. A smart contract, acting as the billing agent for the game, allocates a portion of these tokens to the creators of the open-sourced code or the provided services.

Users who spend tokens gain access to wagering on a game. A smart contract, acting as the billing agent for the game, allocates a portion of these tokens (rake) to the creators of the open-sourced code or the provided services.

How exactly can this help give the power back to the end-user? When every user is a paying customer, the relationship between the user and the team behind the game is leveled. Users can now wager on a game using crypto knowing that the teams behind the scenes will be incentivized to keep this revenue flowing by providing new features, upgrades, and player support. To find out about Planet Mayas exciting new platform, check out its website today.

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Why this Metaverse Casino is Poised to be Web 3.0's Next Big Thing? - CoinQuora - Live Crypto News

Shares of casino companies have plummeted even as inflation has soared at rates not seen in four decades and fears of a recession rattle consumers and investors alike.

Caesars Entertainment stock has plummeted 50% so far this quarter. Bally's has dropped 40% over the same time period, and Penn National Gaming and MGM Resorts shares have declined 35%. To compare, the S&P 500, which recently entered a bear market, is down nearly 19% this quarter.

Yet, the nation's commercial casinos just had their best April ever, according to the American Gaming Association. The industry posted $4.99 billion in revenue, up 12.4% year over year. It's the second-highest grossing month ever, following March of this year.

On earnings calls in April and May, casino executives collectively denied seeing any slowdown in customer spending, in spite of soaring gas, housing and food costs, except in the very lowest demographic of customer.

In a note published this week, Jefferies gaming analyst David Katz wrote that meetings with management teams in Las Vegas provided "evidence of the dichotomy between the current operating strength and the markets' expectation of a recession."

Danny Owens of Sacramento, Calif. plays a slot machine in downtown Las Vegas, Nevada, June 4, 2020.

Steve Marcus | Reuters

Katz wrote that MGM, Caesars, Wynn Resorts, Boyd Gaming, Golden Entertainment, and Red Rock Resorts, which owns Stations casinos, say business levels continue to be "very strong" in the second and third quarter, with demand pricing and volume levels above 2019 and strong bookings into 2023, as conference business and international travel rebound in Las Vegas.

But Derek Stevens, owner of three downtown Las Vegas properties, including Circa, is telling a different story. In April, he told CNBC he was beginning to see the impact from inflation based on the amount of cash being withdrawn from casino ATMs.

There has been no letup since then, he told CNBC this week.

"It's just really accelerated," Stevens said. "Every weekend has been worse than the prior weekend."

He described it as a downward spiral: Bars have suffered the biggest percentage decline, and gaming has seen the biggest impact as slots and table games have experienced a slowdown.

And yet, Stevens said, demand for travel is still there: Reservations at his Las Vegas hotels are holding steady, without any room discounts. Hotel guests are limiting their spending elsewhere, he added, noting that customers are spending less on restaurants and extra amenities at the pool and other discretionary items.

"If you're on the West Coast, you might have felt it a little bit quicker because gas prices," Stevens said, referring to California's super-high fuel costs. "You can immediately see it in discretionary consumer spending."

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Casino stocks are taking a hit as consumers struggle with inflation and recession fears - CNBC

Issued on: 22/06/2022 - 09:00

Colombo (AFP) Sri Lankan casino magnate Dhammika Perera entered parliament on Wednesday with a mandate to revive the bankrupt island nation's wrecked economy -- working alongside a premier who once accused him of corruption.

The 54-year-old Perera is a long-time loyalist of the powerful Rajapaksa clan, whom protesters have accused of mismanaging the country into its current predicament.

He replaces President Gotabaya Rajapaksa's youngest brother, Basil, who resigned from parliament this month after stepping down as finance minister in April.

"He was nominated by the president and will shortly take over the investment promotion portfolio and enter the cabinet," a ruling party official told AFP.

Perera will serve in a unity government formed to tackle the crisis alongside Prime Minister Ranil Wickremesinghe, who in 2015 accused the casino boss of being a "demon who protected the corrupt regime of Rajapaksas".

Wickremesinghe has also described Perera as one of four most corrupt businessmen in the country.

Both men shook hands on Wednesday soon after Perera was sworn into parliament before the chamber's speaker.

Perera -- who also has interests in banking, hotels, manufacturing, logistics and exports -- takes office at a time when Sri Lanka is suffering through months-long shortages of food, fuel and other essential goods.

Long queues form outside gas stations each day for scarce petrol supplies, while regular blackouts and runaway inflation have made life difficult for the island nation's 22 million people.

The government has defaulted on its $51 billion foreign debt and is seeking an International Monetary Fund bailout.

Perera has claimed to have devised a plan to raise Sri Lanka's per capita income more than threefold to $12,000 -- a figure higher than China's.

He has also pledged to address Sri Lanka's critical foreign currency shortage by selling 10-year visas to foreigners willing to deposit at least $100,000 in local bank accounts -- a scheme already in place since April.

2022 AFP

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Sri Lanka bets on casino magnate to revive wrecked economy - RFI English

Many beginners in the field of gambling are often interested in how to choose a reliable casino and start playing in it. This article was created to help players who want to maximize their joy and income from the gambling game. So if you feel lost along your gambling journey and are looking for a way to get the max out of online gambling, we have something great to share with you.

Of course, you can always Sign Up To Zodiac Casino Now and get a top-notch gambling experience. But there are always alternatives. Read this step-by-step guide to the best registration process and other important aspects when joining an online casino.

Click on the homepage and select your preferred software. Some casinos only allow certain software. Thus, players may check whether their site loads fast and if the software they want is allowed to us.

Look for any special offers such as bonuses or promotions. There are a few things to consider when choosing the bonuses you want to accept at a casino. First, look for those bonuses that really bring you money. Free play bonuses are simply added to your account balance. It is very easy to score a large number of free games. A bonus that is not tied to any money is simply a bonus in your account. Many casinos offer point bonuses. These bonuses are good because the points can be converted into money. There are many casinos that offer point bonuses.

Once you have found a suitable offer, you can register at the casino you have found. If you wish to accept this offer, all you have to do is use your billing information to complete the registration process. Many casinos have a verification process in which players are asked to verify certain details about themselves. For example, you may be asked to provide a scan of your drivers license. In some cases, you are asked to provide an address.

The process may also require you to upload a photo of yourself, and many casinos may even require you to provide proof that you are 21 years old. All these things can be done in several ways. For example, you can take a photo of your drivers license with a webcam. You can ask the casino owner to call a friend and ask them to verify your age. The list goes on and on, but well leave it up to you to decide how best to go about it. If you are unsure about this process, simply ask the host you are dealing with to explain how to verify that you are 21 years of age or older.

Once your account is set up, you can start playing at the casino. First, you must visit the promotions page and view all available bonuses. You will be able to choose which bonus you like the most. Just register and log in with the account you found at the casino. After you sign up and log in, click on the deposit button for the bonus you want to claim. You will be asked to specify the method of deposit and payout. Once you have decided how much you would like to wager, you must go ahead and pay. Once your money has been deposited, you can start playing.

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Step-by-Step Beginner's Guide How to Get Started at the Casino - Socialpost

Casinos are the most prominent form of gambling that is featured in movies. From Hollywood to Bollywood, and other movie industries, finding a movie with a casino gaming reference is as easy as breathing.

No doubt, these movies help to shine a light on casino gaming. In many cases, using casino gaming elements in these movies actually contributes to the popularity of casinos.

However, there is a problem, and that problem is affecting top casinos listed by Suomennetticasino.com today. The problem concerns finding the distinction between art and reality in casino-related movies.

Most peoples first experience with casino gaming is usually through movies. The way movies depict casino gaming sticks helps the individual form a perception of casinos and what casino gaming entails in general. This perception may be positive or negative, but the image it forms in the viewers mind depends on the context of the movie.

Unfortunately, art doesnt always clearly interpret reality. For casino gaming, many wrong perceptions have been passed down from movies through different generations that separate the art from the reality of casino gaming.

Casino gaming and movies are inseparable. Art grows drastically every day, and it gets better. Casino gaming movies have also evolved over time. Still, certain elements have stuck out with these movies that do not precisely reflect the reality of casino gaming. Some of the popular misconceptions about casinos in film include:

Usually, in movies, especially James Bond movies, casinos are presented as shady establishments where wanted criminals hold sway and run a criminal business out of the publics view. The narrative of casinos being set up for sinister purposes has sadly remained consistent in many movies, but this is not exactly true. Casinos are businesses that pay taxes and are subject to government rules and regulations. Casinos lead a lot of social endeavours and often contribute back to society. They are not criminal enterprises.

Another wrong interpretation of casino gaming in movies is making an intelligent character beat the casino gaming system. Casino gaming systems are very complex, and yes, smart players can study these systems to increase their chances. Still, it is not possible, as depicted in movies. The returns on most casino games are relatively low, and you cannot make riches quickly just by spinning a wheel or playing a straight-hand card.

This scene is quite common in casino movies. A player wins a couple of rounds. Rather than allow them to continue playing, the casino authorities who have been monitoring the player will throw them out and try to steal their money. This is a wrong interpretation. Casinos never throw players out unless they discover that the player is manipulating games. Usually, this is not because the casino does not want the player to succeed but because game manipulation erodes a fair gaming environment for other players.

Movies are one of the biggest art forms that highlight casino gaming, but misinterpreting the art does a lot more disservice to casino gaming than not highlighting it at all.

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Do Casino Movies Depict the Reality in Casino Gaming? - Entertainment Focus

Whitmer said she was concerned that the location of the proposed casino was close to the site of the Grand River Bands of Ottawa Indians, which is attempting to gain federal recognition as a tribe. If they are successful, the Grand River Bands could also want a casino in the area.

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Without that information (about whether the Grand River Bands application for federal recognition will be approved), I am unable to concur at this time and remain disappointed in the (U.S.) Department (of the Interior)s lack of flexibility in this process.

The deadline for Whitmer to make a decision on the casino was Thursday.

Larry Romanelli, leader of the Little River Band Ottawa Indians said he thinks Whitmer was misinformed about the project, stating the Grand River Bands of Ottawa Indians petition for federal approval has nothing to do with the casino project. He said he felt frustrated and disappointed.

The whole community is going to suffer from a no decision, he said.

The Little River Band of Ottawa Indians invested more than $30 million into the project, and the casino was expected to provide more than 3,000 jobs, Todd Dunham, Fruitport Townships town supervisor, said.

In a letter to Secretary of the Interior Debra Haaland, Whitmer requested the deadline extension because the determination could frustrate the Grand River Bands. The letter said she wants the decision on their recognition to be made in case they want to open a casino in the area.

Muskegon Sen. Jon Bumstead, R-Newaygo said he was frustrated with how long it took Whitmer to make a decision about the development.

The project was originally approved by former President Donald Trumps administration in December 2020, but the project must also be approved by the state. Whitmer was originally supposed to make a decision by December 2021, but she requested and was given a six-month extension by federal officials.

Im like the rest of the folks in Muskegon disbelief, total shock, after all these years, millions of dollars invested, that she decided not to sign off for reasons we dont know, Muskegon Sen. Jon Bumstead, R-Newaygo, said.

During a speech on the Senate floor Thursday, Bumstead called Whitmers rejection shameful.

Your denial of this project instantly killed 3,000 good-paying jobs in west Michigan, he said. You would rather protect the interests of your supporters in Southeast Michigan and play politics rather than upgrade new economic opportunities for families in west Michigan.

When he heard the news Dunham said, it was a blow.

It was like I got punched in the stomach, Dunham told Bridge.

He said hes not spoken to anyone in the area who agrees with Whitmers decision.

Dunham was baffled by Whitmer citing the Grand River Bands petition for federal recognition as a reason for her rejection of the casino project. He said it would likely take another 12-18 years before the Grand River Bands could have a realistic casino project, even after becoming federally recognized.

Im not buying any of this, Dunham said of Whitmers reasoning. I think this was all smoke and mirrors.

Romanelli was supposed to meet with Whitmer last week, but the governor's office pushed the meeting back until Wednesday afternoon. When the meeting was originally scheduled, he was under the impression Whitmer had not yet made up her mind. By the time they actually met, she had.

I wanted to make some last minute discussions with her, he said. I was left without being able to speak to her about the project. That was a little disheartening.

Muskegon historically was a more industrial area of the state, although more recently it has become more tourist-centric. The casino was expected to help with further development of the county by increasing tourism and investments in hotels.

Muskegon Heights City Manager Troy Bell told reporters Thursday that the area had been underinvested for years. He said the governors rejection means the opportunities for tourism revenues virtually went out the window.

The message I believe (the governors decision) is sending is that Muskegon doesnt matter, Bell told reporters.

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Muskegon shocked by Whitmer rejection of casino project - Bridge Michigan

Jack Binions Steak is now open at Ballys Las Vegas as the resort continues to transform into Horseshoe Las Vegas.

In January, Caesars Entertainment announced that it planned to rebrand Ballys Las Vegas to a Horseshoe hotel and casino with a multi-million dollar renovation and the addition of three new restaurants.

Named after Jack Binion, the former president and COO of Horseshoe Casino and son of original Horseshoe Club owner Benny Binion, the steakhouse aims to harken back to Old Vegas with none other than prime rib as one of its signature menu items.

Other signature dishes include a seafood tower with six types of crab, colossal shrimp, Blue Point oysters and Maine lobster tail, and a bloody Mary shaken and stirred wedge salad.

The restaurant opening coincides with the 53rd World Series of Poker, which is being held at Ballys and Paris Las Vegas after 17 years of being held off-Strip at the Rio All-Suite Hotel & Casino.

The original Horseshoe casino, now Binions Gambling Hall & Hotel on Fremont Street, hosted the first WSOP in 1970.

Jack Binions Steak is an iconic dining experience that guests have grown to love at Horseshoe Casinos, and we are proud to bring it to The Strip, Jason Gregorec, the senior vice president and general manager of the resort said in a statement.

Jack Binions Steak in Las Vegas features a large circular bar. Vintage photographs hang on the walls portraying the early days of Las Vegas.

The steakhouse is open daily from 5 to 10:30 p.m. and located in the former BLT Steak space. For reservations, go online.

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Jack Binion's Steak now open at Bally's as resort transitions to Horseshoe Casino - Eater Vegas

ACSan automatic card shufflerActionthe total amount or pot that goes to the winning player of the round or game being playedAdd Onthe extra chip amount that could be added when a poker tournament reaches the end of late registrationAggregate Limitthe total amount paid by hand to the winner of a given round.All-Inwhen a player bets all of their chips (money) in a poker handAntean additional bet that is required before a hand beginsBalancea players account value that could be used towards placing wagersBankerone of two primary bets in baccaratBankrollthe total dollar amount owned by the playerBarredoccurs when a player is unable to participate in an online casino game due to their IP address or physical locationBeginners Lucka popular global phrase used when a player enjoys wins at the very beginning of their gambling experienceBetting Limitsthe set minimum and maximum bet amounts that each player can makeBlind Beta wager placed by the player before cards are dealtBlindsmandatory wagers that players must make before a poker hand, typically come in a small blind and big blindBonusa promotion that online casinos use to incentivize players to play on their platformBreaking the Bankwell-known phrase used when a player wins an incredible amount of money or loses an exceptional amountBuy-Inthe amount that the house or game requires for a player to enter a gameCallan action in poker that is done when a player matches the bet on any betting roundCascading/Collapsing Reelsa bonus feature in slots that generates only when the winning combination is found, which can lead to multiplied winning combosCashbacka common program provided by online casinos that give funds back to the playerCash-Outoccurs when a player withdraws their money from their online casino balanceCasino (House) Advantage or Edgean automatic advantage that the casino or house has over all players which is mathematically proven over the long termChipsthe medium of exchange when playing casino gamesCold Streaka losing streakDeala process where dealers dole out cards to players and/or themselvesDeckthe cards being used for a casino gameDeposita process where players add funds to their online casino accountDrawin poker, this type of hand is where a player needs either one or two distinct cards to make a straight or one of a suit to make a flushDouble or Nothinga betting style where players double their bet after losing a handExpanding Wildsthe bonus features offered by slot gamesFace Cardscards that contain faces: Kings, Queens, and JacksFlat Bettingoccurs when a player consistently bets the same amount each handFlopthe first three community cards dealt on the table in pokerFoldan action taken in poker that requires a player to release their hand, forfeiting the pot to another playerFree Spinsa feature of slots that afford players free chances to winHitthe action of requesting an additional card in blackjackHole Cardsa players hand in pokerHandthe cards that are held and used by each playerHigh Rollera player who typically places astronomically sized wagersHousethe casinoHouse Rulesthe set of rules created by a casinoInside Betthe primary roulette betting structure where users can bet on numbers 0-36.Insurance Beta side bet created by the player in case the dealer hits blackjack after showing an AceJackpotthe largest prize that could be won in a casino gameJuicealso known as vigorish, this is a fee charged specifically by online casinos for their serviceKickerthe second card in a players hand that is unpaired and represents a tiebreaker if two players have the same pairLay the Oddsa player winning less than they initial bet at the beginning of the gameLimitsthe restrictions set for the amount players can bet or raise in a given gameLobbythe area of a casino app or site that shows all games or game types that can be playedLive Dealer Gamesgames offered that replicate a physical casino by having a live dealer host the games through a live streamMaximumthe highest wager allowed by an online casino in an individual gameMinimumthe smallest wager allowed by an online casino in an individual gameMultipliera slot feature that multiplies standard payouts by a predetermined amountMulti-Hand Gamestypically seen in video poker, these are games that allow players to play multiple hands at onceNaturalan unbeatable hand, considered a 21 in blackjack and and 8 or 9 in baccaratNet Winningsthe amount of pure profit that players takeNon-Sticky Bonusa promotional offer bonus that does not have a wagering requirement attached to itOddsa players direct chance of winning a game or roundOpenthe original pre-flop raiser in a poker handOverlaybeneficial odds of the player in a casino gamePassan action taken when a player folds and decides to not continue participating in a round or gamePata blackjack hand that is worth 17 or higherPaylinethe direction and symbols of winning combinations in slot gamesPayoff (Payout)the total amount a player receives after winning a betPayout Percentagea long-term percentage of the casinos payouts on the average betPayout Tablea table containing payout amounts for specific bets placed on a slotPigeonan ignorant casino player.Pocket Cardsthe face down cards that players receive during a game.Potrhe total amount of money or chips that is awarded to the winner of a hand of pokerProgressive Jackpota jackpot that increases in size until it is hitProvably Fairan algorithm used to verify the authenticity and fairness of an online casino gameReload Bonusan additional bonus in the form of cash or casino credit players are given when they deposit a certain amount into their account balanceRiverthe last community card in a poker hand, also known as Fifth StreetRandom Number Generator (RNG)the randomized system used to generate numbers, cards, and reels in online casino games.Skinalso known as money inside the casinoSign-Up Bonusa bonus or promotion that online casinos offer to incentivize players to sign up on their platformStakeanother term for a betSticky Bonusa bonus that is not removed from a players account until they fail to meet the requirements to retain itStanding Handa hand that is valued at a 17 or higher in blackjackSticky Wildsslot machine Wild symbols that do not move from their landing spot for the entirety of a free spin periodSuitthe symbol on casino cards that include clubs, diamonds, hearts, and spadesTap Outa term used for when a player loses their entire account balance and cannot participate in games until another deposit is madeTrips (Three of a Kind)a hand containing three of the same cardsUnderplayoccurs when a player chooses to play their strong hand slowly at the beginning of a poker handUp Cardthe dealers card that is showing in blackjackVigorish (Vig)the fee that online casinos charge their playersWagera betWager Requirementsthe play-through requirements set by online casinos that allow players to withdraw their winnings by betting a certain amount of moneyWild Symbolssymbols found in slot games that can provide different effects to maximize payoutsWithdrawalthe act of taking money or earnings out of ones online casino balance

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Online Casino Glossary of Terms - The Action Network

WILLEMSTAD, Curaao, June 9, 2022 /PRNewswire/ --BC Game, a community-based crypto casino that offers players the best online casino experience possible, wins the "Crypto Casino Of The Year" award on June 8, 2022. Last year, True Flip earned the same award from Sigma. The crown has been passed this year to a new title holder that is currently revolutionizing not just the casino industry but also the blockchain space.

BC Game offers many different opportunities for its players to earn on its platform. This casino has been building relationships with different game developers and crypto issuers to add value to the experiences of its players. The platform hosts several casinos and sports gamesslots, roulettes, sports betting, and many more. Players have a long list of games to choose from and enjoy. Plus, rewards and bonuses are overflowing for all types of players.

Meanwhile, the Sigma Award is given every year to the most deserving online casino platform. Aside from this award, Sigmaalso hosts multiple events around the world, such as in America, Europe, Asia, and Africa. This June, it will host its Sigma American from June 6-9 to bring together experts in the industry.

The BC Game team shares how delighted they are to receive such a life-changing reward. "We're glad to receive the Crypto Casino of The Year award, and we can't wait for many years to come for us to prove that we're doing our best to give our players exceptional experience."

About BC Game

BC.GAME is a community-based crypto casino that offers its players the best online casino experience possible. At BC.GAME, the team is convinced that blockchain will change the online crypto gambling industry forever.

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BC Game Wins Crypto Casino Of The Year Sigma Award 2022 - PR Newswire