Archive for October, 2008

10th Casino License Sees Value Plummet

Friday, October 31st, 2008

The state of Illinois is doing damage control in the public relations field after a list of released bid values for the 10th and final casino license the state is going to be handing out showed a marked decline from when the license was last offered. People that have been following news in the casino industry will remember that this license was on the market about four years ago, but that it was cancelled at that point because the state felt that the bids were not high enough to warrant parting with the final license they were willing to give out. That was the official reason given, but problems logistically were rumored to have contributed to matters as well. The final reason were never really known however and for that reason it was never really that big a news story and it died fairly quickly after being brought to the public’s attention.

Fast forward to 2008 and the 10th casino license is once again being bid on by companies that would like to create a casino within the state borders of Illinois. However, two things are different from the current point in time and the point in time four years ago when the license was first put onto the market. First and foremost is of course the obvious economic woes that are around now that were not around in 2004. These economic woes have made many people cautious about expanding their business during this period of time lest the credit crunch come back to bite them in the face. In addition to that lack of interest in expansion however is a lower amount of interest in doing business in Illinois. The state has passed a no smoking law indoors since the first time the bid was on the market four years ago and since casinos and smoking tend to go hand-in-hand in most places, a no smoking law that would affect this new casino is something that would almost certainly drive down business in favor of nearby states that allow smoking inside casino walls.

The end result is that the state of Illinois put the bid on the market four years ago and got a top bit of $518 million for it. They then sat on their hands for four years, only to put the bid back on the market and receive a top bid of $435 million for it. Now, depending on who you talk to, this is either a good thing or a bad thing. The state will claim that it is a good thing and that money is not the only factor involved in choosing a company while many of the economic analysts that criticized the foot-dragging of four years ago will wear a smug expression on their faces while they use the famous “I told you so” line. Whomever you choose to believe, one thing is certain. It appears as though the state means business this time and would like to have the license awarded to a company before the end of the year. Since money is not the only factor according to the state, it is worthwhile to point out that the lowest active bid at the moment is worth $60 million.

Microgaming Online Casinos

Sunday, October 26th, 2008

Microgaming Online Casinos Receive New Slots

There are very few things that can be counted on in the world of online casinos. The casino you are playing with might run away with your money the next day, it might go bankrupt or it might end up giving you a thousand times that same amount of money if you hit a jackpot. However, one of the things that can safely be relied upon in online gambling is Microgaming.

The Microgaming Corporation was one of the first companies into the online casino business and over the last few years it has been one of the most reliable if not the most reliable online casino company around. One of the things that make it so reliable is the fact that it releases new games every single month. In the paraphrased words of one online blogger, one of the few things in the world of online casinos that can be relied upon is the ability of Microgaming to consistently and constantly deliver games into the mix that are very good.

For this month, there are three games that Microgaming has released into the market. Two of these games are slot machines of the video type and one is a video poker game. There are already datasets available on all three of these games and information about each one follows below.

The first video slot machine is called First Past the Post. While many people may be tempted to think that this video slot machine is about voting in elections, the truth of the matter is that it is actually about horse racing. Horse racing is a very popular theme for slot machines already and therefore it is easy to see why Microgaming decided to take this route. It has five reels, twenty-five pay lines and has sound effects that make you believe you’re actually at the track. With symbols for horses, riders, money and all other things involved with the Sport of Kings, Microgaming has high hopes for this particular slot machine.

The second video slot machine is known as Sir Winsalot and as many people may be able to guess from the name, it is a slot machine that combines the romanticism of the medieval ages with the sheer monetary benefits that can sometimes come out of the world’s modern casinos. It has five reels and twenty pay lines. While there are fewer ways to win in Sir Winsalot, the datasheet on this particular game very strongly hints at the fact that it will stay true to its name when you play it.

The video poker game that Microgaming has introduced this month is Deuces Wild Level Up Poker. This is the same Deuces Wild game that people know and love with the added bonus of being able to string successive wins on hands together and multiply winnings just as you would in a parlay bet. This will be a welcome addition to the already hefty number of video poker games that Microgaming has and this video poker game along with the two new video slot machines will keep Microgaming online casinos fresh to their players.