Atlantic City – Decline and Fall of Gambling

Atlantic City has fallen on such hard times that bankruptcy chatter permeates the air. The city’s primary industry, gambling, has been decimated as newer casinos in nearby states have lured gamblers away from the New Jersey shore with its famed boardwalk.New Jersey Governor Chris Christie is not taking this turn of events lying down. He has appointed a turnaround team, including former Detroit emergency manager Kevyn Orr, to review the alternatives. Is this only a step away from an autopsy? After all, Kevyn Orr is the guiding light who launched Detroit into bankruptcy.Truthfully, can anyone perform magic on a city that saw 4 of its 12 casinos close last year? Then there’s the Trump Taj Mahal, which barely avoided closing, remains on life support, and is seeking a white knight investor. Caesars Entertainment, which owns Bally’s Atlantic City and Caesars Atlantic City, filed for bankruptcy last month.”No one should expect that the appointment of a very competent fiscal manager is the solution for Atlantic City,” said Peter Reinhart, professor and director of the Kislak Real Estate Institute at Monmouth University, as it would not solve the underlying problems of a stagnant tourism and casino industry.Besides the downward spiral of casino gambling, there is also the threat of online gaming. You can now add New Jersey to the number of states who allow online gaming. The Garden State joined Nevada and Delaware as the only states with legalized online gambling, and is now the biggest in population.How does that impact destination gambling? It doesn’t help. However, many don’t go for gambling alone. The resorts offer shows, seminars and conventions — both for recreation and business. Ultimately, the casinos may be the biggest winners because as it now stands, online gambling web sites must operate through casinos. But, for how long? And, as states seek revenue, some will inevitably turn to online gaming as a source to help fill their coffers which may prompt them to loosen this restriction. Anytime a gambler can place a bet online rather than having to go to a physical place is one less gambler available to all casinos, including Atlantic City casinos.Atlantic City is a town of 40,000 people, 48 blocks long, three-quarters of a mile wide at its widest. Its budget is about $270 million. About one-third of its residents live in poverty. More than two-thirds of its adults age 25 and older have a high school diploma or less. Atlantic City remains the only place in New Jersey where casino gambling is legal.Is any casino doing well? “Well” may be a relative term. The casinos left are, at least, still open. They are the Borgata, Tropicana, Resorts, and Golden Nugget. The decline started in 2007, the year after Pennsylvania opened slots. Within four years, Pennsylvania bumped Atlantic City out of second place behind Nevada in annual gambling revenue. In 2013, Pennsylvania’s gross gaming revenue was $3.1 billion. There is also competition from New York which allows gambling in the Catskills and various counties.No matter how you look at it, hiring a turnaround team knowledgeable in municipal bankruptcy is a sign of Atlantic City’s times.

7 Poker Tips to Help You Win Money at the Table

Poker is a very popular game that is played by many people around the world. The reason why poker is so addictive and popular is because you can actually win money with it.In this article, let me share with you some poker tips that can improve your game. By following these tips, you will become a better player and therefore win more money at the table.1. Pay attention to what is happening on the table. A good poker player will always pay attention to the cards on the table. You need to be aware of the situation so that you can come up with effective strategies to counter your opponents.2. Do not play too many hands. Play fewer hands and do not be tempted by any face card. Although sometimes a face card may look tempting, it does not worth the effort at all.3. When you are in a bad mood, do not play. Remember that you should always play poker when you are in a good mood. When you play poker in a bad mood, you will let your emotion takes control, not your head. You will make bad decisions that you normally won’t make and end up losing money.4. When you are drunk, do not play. Even if you are not fully drunk, you should not play. Because alcohol will cause you to make bad decision.5. Do not stay in a hand simply because you have put money into it. If you know you have a bad hand, let it be beaten. Do not think that just because you have already committed money to the pot, you should try your luck. The money that you put into a pot is no longer yours unless you win it. Therefore, if you know you have a bad hand, do not put more money into the losing pot.6. Only play with money that you can afford to lose. Before you start playing at a table, you should determine your money limit. Do not be afraid to walk away if it is a bad day for you.7. Bluff at the right moment. Do not bluff just for the sake of bluffing. If you bluff at the wrong times, you can end up losing money. So analyse the game and determine the time to bluff. Although bluffing is an exciting poker technique, it is not necessarily that you must always use it in order to win money. There are times that you can win money without bluffing.Hope that you will bear these poker tips in mind and become a better player.

Wooden Board Games – Top 3 Best Sellers

The three best sellers according to records reported by a section of the online business community were1. Shove Halfpenny.Shove halfpenny is a wooden board game that has been a popular pastime for centuries. In medieval England it was such a popular gambling game that the board had to be kept in a room at the back of the Inn so that only trustworthy customers could play. King Henry the VIII of England was a regular player, and history records that even he had to lay out significant sums of money to courtiers who had the skill (and no small amount of courage) to beat him.2. Backgammon.Backgammon has been played by Ancient Civilisations, including the Egyptians and can be dated back to 3000BC. Many civilisations had games that would combine the use of dice and markers to play territorial “war” games where opponents were able to develop strategies of defence and attack. However, by the 18th Century it became very popular among English clergy.3. Chess.Chess dates back to 2000BC in India and Persia and was known as chaturanga. The original Chess Pieces were of carved Horses, Chariots, Elephants and Infantry Soldiers. Chess as we now know it came in to being about 2000 years ago.Throughout history some form of board game has been played as a leisure pastime by most civilised societies. Some were even being played before the civilisation had developed their literacy skills. The same basic concepts exist today and many of the ancient board games have transformed into the ones that we play today.Wood as a material was abundant in most regions and was commonly used as a material of choice and has the benefit of great longevity and style.Many of these traditional wooden board games are seeing a revival in popularity today due to the keenness of parents to provide an alternative to electronic games.


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