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Archive for April, 2012

Hollywood Casino GM Blames Weather For Revenue Decrease

Hollywood Casino GM Blames Weather For Revenue Decrease
The Hollywood Casino in Maine was supposed to be a savior for the economy when it opened as the first casino in the state. The early revenue figures backed up what many gaming analysts had predicted, that the casino would bring hundreds of millions of dollars into the state budget.This past week, the University of Dartmouth Massachusetts issued their annual report on gaming in the Northeast, and Hollywood Casino was one of the establishments that saw revenue decrease in 2011, compared to their 2010 numbers. The drop in revenue, according to General Manager John Osbourne, was due to the weather that the state received during the year.”We literally had over eight feet of snow in about three months,” said Osbourne, “with the cold weather the snow stayed here. So it impeded people’s ability to get to Hollywood Casino.”Osbourne expects that the revenue figures will rebound in 2012, and will show an increase over last year. he also predicted that the casino could continue to increase their revenue after table games were installed back in March.”We actually saw an increase much higher than that (five percent), close to eight percent just on the slot machine side with the opening of the table games on March 16th. So we’re seeing that same trend continue through April.”Table games have made a difference not only in Maine, but also in other Northeastern states. Pennsylvania installed table games last summer at their casinos, and this year Pennsylvania has surpassed New Jersey as the second largest casino gambling destination in the US.Maine lawmakers are considering expanding their gaming industry to include additional casinos, and Massachusetts legislators finally worked out the details on a law that will bring casinos to Massachusetts for the first time in the coming years. Massachusetts hopes to have casinos open in 2013.Hollywood Casino has been packed with customers since it opened, with gamblers no longer having to travel from Maine to New Jersey or Connecticut to enjoy casino gambling. The slots and poker tables have been so busy on weekends that there has been waiting lists for players.”The blackjack, roulette-type games are doing about 50% better that we had forecast and poker is nearly the demand than what we had estimated based on the population in the area,” said Osbourne. April 14, 2012Posted By Terry GoodwinStaff Editor, CasinoGamblingWeb.comSubmit News!

Wednesday April 18th, 2012 in Main | No Comments »

The EPL lives up to expectations

The EPL lives up to expectations
by Sunday ,4 Sep 2011 It was a massive million dollar prize for the winner of the first EPL tournament The inaugural Epic Poker League tournament is finished with David “Chino” Rheem now a million dollars richer after fighting his way through a pool of professional poker pros to take the prize money and the title. The tournament took place at the Palms Resort in Las Vegas and featured a final table composed of some of the best poker players around. The top three consisted of Rheem along with the legendary Eric Seidel and the player ESPN rank top in the world, Jason Mercier. Rheem is no stranger to tough competition, he won well over one and a half million dollars for seventh place at the Main Event of the 2008 World Series of Poker (WSOP) and $1.7 million for winning the World Poker Tour (WPT) Five Diamond Classic in 2009. None of these experienced pros put a foot wrong during the final table and it was an incredible 80 hands before the first player was knocked out. At the start of the day, Huck Seed was looking good after doubling his stack but was taken down by Mercier’s AK. Once Mercier took the lead it was almost impossible to stop him and he went on to eliminate Gavin Smith soon after. It was a coin toss as he went all in pre-flop with 99 only to be called by Mercier’s pocket Queens which held to see Seed off with a prize of a little over $150,000. It was then that Rheem decided to get into the action and knocked out Hasan Habib. At the start of play Habib had put himself at the top of the tournament but had been steadily bleeding chips on the final table until pushing all in with pocket sixes only to be bested by Rheem’s pocket sevens. Once down to the final three it was Mercier and Seidel who really went to war, with Rheem largely sitting to one side and letting them get on with it. It was the consummate professional, Seidel who managed to win the battle when he pushed all in with KJ and was called by Mercier’s 9 8. When the players saw a king on the flop they knew it was all over for Mercier and the last two were heads up. Eventually Rheem took Seidel out with A K against A Q once all the cards were on the board Rheem had a flush, the prize money and the title of champion.

Saturday April 14th, 2012 in News | No Comments »