Online Slot Machine News the latest and greatest

27Feb/12Off

Slots Tips

Overview
Slots is a random game where past spins have no bearing on future spins and therefore, skill or strategy will not ensure that you win. However, having said that, there are some tips that can be used to improve your chances of winning or to limit your losses while playing slot machines.

Choosing Your Slots Game
Before you begin to play you must choose the machine that is best for you. Decide on the type of slots game you want to play and choose a machine with a theme that appeals to you. Make sure that the machine accepts coin denominations that suit your bankroll and will allow you to continue playing for some time. Make sure that if you are playing a video slots game with special features and interactive bonus rounds, that you understand the rules of play before you begin the game so that you do not miss out on opportunities to win.

When Playing Progressives, Bet the Maximum
When playing on a progressive slots machine, you will only be eligible for the progressive jackpot if you bet with the maximum number of coins per spin. Even if you hit the progressive jackpot, but you did not bet with the maximum number of coins, you will not win the jackpot amount. You are able to play with the smallest denomination size as long as you bet with the maximum number of coins, so make sure to choose a machine to suit your bankroll.

Set Limits
It is very important when playing slots games that before you begin you set limits on your betting. The naked pull limit is the number of times you are prepared to spin without winning and the loss limit is the amount of money you are prepared to lose before you quit. It is most important that you stick to these limits. It is more productive to quit when you reach your limits and come back fresh another day, than it is to continue as your frustration and anxiety increases.

Following Slots Strategies
As slots is a random game, slots strategies will not guarantee that you win. However, many slots strategies simply create a system for betting. It can be a good idea to stick to a system to ensure that you bet in a systematic and organized way without letting emotion cloud your judgment. This may help you to keep on top of your bankroll and your winning or losing and can only be helpful. If slots strategies work for you, you have nothing to lose.

8Jun/11Off

Harrah Misses Slot Machine Data – Fined $20,000

At Harrah’s Resorts, it was discovered that for 154 days in 2008 and 2009, key electronic data was missing from the casino's slot machines and therefore it has been fined $20,000. The computer data helps the state to calculate its share of the tax revenue generated by slot play and it provides an accurate count of the cash inside the machines.

In documents posted on the website, the New Jersey Division of Gaming Enforcement disclosed that because of space limitations, the information was "permanently lost" from a backup storage system consisting of magnetic tape.

Parent company of Harrah, Caesars Entertainment Corporation has agreed to pay the fine. Regional Vice President of Marketing for Caesars Entertainment, Jennifer Weissman said that to regulations, Caesars Entertainment takes the adherence very seriously. He added that they are confident that all issues have been resolved and they recently have received an order approving the proposed settlement.

Meanwhile, it was reported that Harrah's Chester Casino and Racetrack slot revenue fell 10.98 percent in May. The report explained that seven out of the nine Pennsylvania casino properties witnessed a decline in revenue in May when compared to last year in the Pennsylvania Gaming Board figures. Compared to $25.8 million in May 2010, Harrah’s slot revenue was $22.97 million last month.

Harrah was one of seven that experienced a drop in gross revenues and it was one of the nine Pennsylvania casinos open for business last May. Thanks to the September opening of SugarHouse Casino in Philadelphia, the statewide total was up 2.28 percent statewide, to $205.5 million.

Jumping 16.58 percent from $20.4 million to $23.8 million, Rivers Casino in Pittsburgh was the only property to experience a robust increase. At Mt. Airy Casino in Monroe County, revenue was up a modest 1.7 percent.

20May/11Off

Arlington Village Officials Supports Slot Machines At Arlington Park

Slot MachinesThe Arlington Heights Village Board is now in favor of placing slot machines at Arlington Park. The Board indicated Monday that Slots at Arlington Park would be worth the gamble to ensure the continued viability of the racetrack.

Mayor Arlene Mulder read a statement in support of up to 1,200 slot machines at the racetrack at the end of Monday night's village board meeting. When considering proposed gambling expansion, a discussion followed with Trustee Joseph Farwell asking the board schedule a special meeting to adopt a formal resolution either in favor or against the slots so they can send that message to state legislators to use as a guide.

 

With only trustees Thomas Hayes and Mike Sidor opposed, however, Hayes said he was open to a scaled down slot proposal and Sidor said he wanted to have an open discussion and has lost sleep while considering his position, most of the board came out in favor of slots.

New to the board, Trustee Michael Sidor said he has talked to residents and received mixed responses. Even though he wants the village to prepare for the worst case scenario in case the park does close, he was generally supportive and willing to have a discussion.

Because the discussion was not on the agenda, no formal action was taken at the board meeting. To allow the public to weigh in and discuss the matter further, village board officials said they might call a special meeting for next meeting.

16Apr/11Off

Foxwoods Resort Casino’s March Revenue Witness Rise

CasinoFoxwoods Resort Casino’s March revenue augmented compared with a year ago. It reported its first slot machine gain of the year. For the month, Mohegan Sun faced declines in revenue.

March revenue rose 0.3 percent to $55.1 million at Foxwoods and MGM Grand at Foxwoods. Foxwoods reported that Total slots intake climb 0.8 percent to $655.8 million from a year ago. In “win” to $62.7 million, Mohegan Sun had a 1.6 percent decline while “handle” fell 1.2 percent to $776.9 million.

The Mashantucket Pequot Tribe, which owns Foxwoods, also reported today that to the state Division of Special Revenue, it forwarded $14.7 million of its slots. The Mohegan Tribe, which owns Mohegan Sun, made $16.1 million payment to the state.

Foxwoods President and CEO Scott Butera said that various inventiveness have been recently embarked upon them by the Foxwoods Resort Casino, which guarantees that our customers have the finest gaming experience conceivable.

A number of new slot machines were in recent times launched by Foxwoods, including “Star Wars Druid Hunt” and “The Godfather”. Slot machines can be enjoyed by the guests including Rock Around the Clock, Tarzan and Queen (based on the legendary rock band).

AC Coin & Slot have also entered into a contract with Foxwoods. A 30-day access to 120 new bonus games is allowed to Foxwoods after this contract. The bonus games include “Phat Cats”, “The Stray Cat Strut” and “Rock and Roll Legend”.

Foxwoods is going distant past cutting edge gaming technology for customer advantages. Resort casino’s popular customer loyalty program; receive $10 in free bonus slot play for new players who sign up for a Dream Card now through April 30.

3Jan/11Off

Cordish Cos. of Baltimore Permits Casino Building Construction

The Cordish Cos. of Baltimore, for building permits for phases one and two of the casino, can now apply. The State Highway Administration has raised concerns over the traffic and it wants improvements to key roads and intersections. A year from now, the first phase is expected to be completed, which is a multilevel parking garage adjacent to the casino.

While construction of the permanent casino is under way, this will include a live music venue and several restaurants, expected to be completed by late 2012. The Cordish officials plan to put 2,000 slot machines on the garage's first floor. The temporary casino in the first floor will be of an approximately eight-story parking garage. Joe Weinberg, Cordish's director of development said that they are on track for opening a first phase casino in 2011. The construction team is looking forward to commence construction shortly.

In a letter written by the chief of the SHA's engineering access permits division, Steven D. Foster to Traffic Concepts, the Gambrills firm stated that the SHA acknowledges the developer has stated they suggest concluding roadway improvements that may not be needed based on Anne Arundel County's Adequate Public Facilities ordinance. The Gambrills firm is the one who conducted the original traffic study for Cordish.

Earlier this year, Maryland had their first casino opened and casinos will be a big hit with Maryland residents, judging from the early revenue results. In terms of revenue, the Anne Arundel casino is expected to become the biggest casino in the state. 4,750 slot machines will be the part of the permanent casino.

In recent years, Maryland regulators have been busy handing out licenses for casinos. Gaming license was received by the Casino at Ocean Downs. For Maryland residents, the casino will be open just on time to start the new year. In 2011, the Ocean Downs casino will have just about an entire year of revenue.

In the Northeast, Maryland has moved quickly as have several other states when it comes to casino gambling. New York and Delaware have expanded their gaming industries, although Pennsylvania has made the biggest strides. Late this year, Maine saw their first casino opened. In the new session shortly after the new year, Massachusetts lawmakers are expected to take up the issue of casino resorts.

12Nov/10Off

Betting Down by 25% at Pennsylvania horse tracks

According to the Pennsylvania Gaming Control Board, betting at Pennsylvania horse tracks is down 25 percent from 2006.

In 2009, gambling on slot machines in Pennsylvania provided $236 million in subsidies to the horse racing industry, yet total betting at racetracks continued to fall, according to statistics released by the state.

Sustaining operations at racetracks such as Parx East - formerly Philadelphia Park - in Bensalem, the Pennsylvania Thoroughbred Horsemen's Association said Wednesday that the statistics prove slot machines are a "lifeline”.

Michael Ballezzi, executive director of the horsemen's association said, "We would not have live racing in Pennsylvania if not for the slot machines. The slot machines have saved our industry."

With the economy, the organization remains hopeful betting will improve. According to the Pennsylvania Gaming Control Board, when casinos in the state began operating since 2006, total betting at horse tracks has dropped 25 percent. In 2009, racing fans in Pennsylvania bet $734 million on horses, which is down from $975 million in 2006.

Racetracks have suffered across the nation. From 2006, Wagering at all U.S. tracks is down 16 percent, according to Equibase, official supplier of racing statistics for ESPN. Despite a multi-pronged effort to invigorate the sport, comes the decline in betting in Pennsylvania. To the Pennsylvania Horse Development Fund, goes a portion of all slots revenue.

80 percent must be spent on higher purses and 16 percent must benefit breeder operations, of the $236 million generated for the horse fund last year. For horse owners and trainers, another 4 percent helps pay for health care benefits and pension plans.

Since slots were legalized, prizes paid to winning horses have doubled, according to the state. In 2009, total purses paid to winning horses were $134 million and the winners received $62 million in 2006.
Last year, Pennsylvania tracks hosted 11,539 races, which are up from 7,958 live races in 2006. More than 200 racing days are schedules this year in Parx East.

The Bensalem casino unveiled renovations to its grandstands located off Street Road in September. More people will be drawn to the racetrack, as the company plans for new betting areas, entertainment centers and restaurants.

Ballezzi said, in the races, a 24-table poker room, which opened inside the grandstands on Nov. 3, should also spur more interest.

Ballezzi added, "We agreed to have table games in the grandstands because we believe this will attract possible racing patrons. Unlike the slots, we believe that table games have a similar complexity to racing."

4Nov/10Off

Promotions Featured As A Part Of Foxwoods’ New Slot Machine System

Players could find an unexpected surprise while diligently playing the slots at Foxwoods Resort casino starting next month. Promotions targeted to customers will be a part of 300 machines being tested on a trial basis. The machines will offer players deals and reminders that are specifically targeted to their tracked behavior.

Connecticut-based TransAct Technologies is using what is described as a highly sophisticated printer system to track players’ preferences. The idea is to add a personal touch to the machines. For example, if it's your birthday a coupon for some type of gift could pop out. If you are a poker fan it could provide a reminder of an upcoming tournament.

The system works via devices that are attached to printers the company already has on approximately 3,000 slot machines at Foxwoods. The devices provide a connection to software that will track the buying habits and game preferences of players by way of magnetic strips on club cards the players use.

The 300 modified printers will use this information to print out customized promotions. The machines fitted with the devices linked to the new system will be clearly labeled so players are aware of them.

If the trial run is successful, Foxwoods plans to expand the system to additional machines. Foxwoods is the first casino in the country to use this new system.

Foxwoods operates over 6,600 slots in total and believes this unique system will give them the edge over competitors and offer a unique personalized experience for players.

21Sep/10Off

Slot Machines Confiscated, Sugar House Casino Opens

Last week, Arlington police seized four slot machines and more than $15,000 from an Arlington convenience store.

At the Texaco Food Mart in the 900 block of East Pioneer Parkway, Officers also arrested an employee in Wednesday’s bust. For the eight-liner machines, Rezene Solomon Haile, 30, is accused of providing cash payouts.

Haile faces charges of gambling promotion, possession of a gambling device/paraphernalia and keeping a gambling place.

The owner, who was not named because charges have not been filed, is in danger of losing his TABC license, certificate of occupancy and franchise with Texaco, police said.

The owner was sent two letters by the Arlington police notifying him that the machines were illegal and a violation of his certification of occupancy. He replaced them a short time later throughout the year, although he continually pulled the machines out, police said.

Arlington police Vice Unit, Arlington police Vice Unit to remove such machines or risk criminal charges and losing the ability to operate in Arlington.

Amidst all such seizures, Sugar House Casino is set to open to the public this Thursday, boasting 1,600 slot machines and 40 gaming tables. Neighbors are expressing concerns about security in their community once the doors open and it will become Philadelphia’s first gaming hall.

The casino expects to draw over 2 million people a year as per the reports by Fox 29’s Dave Schratwieser.

The 1,600 parking spaces at Sugar House are simply not enough to accommodate visitors, told neighbors in the area surrounding Sugar House. They are also afraid of increased crime rate, increased traffic, crowd overflow and drunks.

Sugar House security is headed by Former Philadelphia Police Chief Inspector Tony Dilaqua and he promises the casino will keep the area safe and be a good neighbor.

31Jul/100

Slot Machines: International Gaming Technology’s Shows 52% Profit Increase

Slot-machine maker International Gaming Technology, slowed by the continuing recession, did have some good news for Wall Street today. The slot machine manufacturer showed a 52% profit increase in the their fiscal third quarter. The profit was attributed to tax gains.

Although International Gaming Technology's did show an impressive profit, shares fell 1.2% to $16.50 in after hours trading. So far this year, IGT stock has fallen eleven percent, as Wall Street investors have been disappointed with the stocks performance.

Chief Executive Patti Hart, said the third quarter profits "reflect meaningful progress at IGT." Goldman Sachs is not as optimistic when it comes to the slot industry and online slot machine games. Goldman Sachs analysts have gone on record saying they do not expect a full recovery until 2012.

Revenue from gaming operations, in which IGT leases the machines and shares in the profits, is down 3.5% and revenue from outright machine sales is down 7.6%. IGT relies on gaming revenue heavily from the leased machines. Their total revenue from their leasing agreements is 56% of their total sales.

IGT total reported profit was $92.1 million, 31 cents a share, which is up from $60.6 million, or 20 cents a share over last years reported profit.

22Jul/10Off

Slot Machines – Demand for slots drops in Northeast

Northeast states’ demand for slot machines has dropped and many of the Casinos are reducing the number of slot machines on their casino floors.

Due to the slumping economy, and the demand for the offline & online slot machines, some casinos have reduced their inventory by 9% in the last 12 months. This is especially true for the casinos in Atlantic City. They have reduced their inventory 20% since 2005. This is when they had reached their peak of slot machines 42,000. Now in all 11 casinos in Atlantic City, they are down to 29,000.

In the States of Delaware, Rhode Island, West Virginia, New York and Connecticut, demand for slot machines has also dropped. Pennsylvania, Maine and Florida have seen an increase of their slot machine inventory on their Casino floors.

It is a common practice that casinos replace older slot machines with newer ones. However, some of the casinos are finding that since the demand for slot machines has dropped, it has affected their win per day drop, which is usually $230 to $240 win per day. When these industry-wide averages slip below these levels it creates too many capacities. Therefore, they cannot afford to add to their inventory, but instead they replace the older slot machines with newer ones.

The Demand for slot machine drops over the last year, has really taken a toll on the Casino industry. This is another sign of our economic slump. The most that some Casinos can do in this situation is just simply continue removing the older slot machines and not replace them at all.