No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
New Rule For Shutting Down Progressive jackpots
Written On 4/6/11 By Lenny Wasman :
Atlantic City may be establishing a dangerous precedent, and increasing the odds of hitting that big one, too.
Players both online and off have always regarded the contents of progressive jackpots as 'theirs', based on the simple fact that a proportion of their wagering is perceived as going toward building the jackpot. Consequently, when an operator winds up a jackpot with a substantial balance still available, it is expected that this will be redeployed for the players benefit - typically on another game.
For this reason alone, a new rule just introduced in the beleaguered Atlantic City land casinos is likely to prove controversial.
According to Associated Press reports this week, the new rule lets casinos terminate progressive jackpots, and keep the accrued money.
From Tuesday this week, Atlantic City casinos can terminate some multi-machine slot jackpots and keep the money that would have been used to pay any players successful in hitting those jackpots.
The casinos are required only to give the public 30 days' notice; if no one wins by then, the casino can remove those machines and 'cancel' the accrued jackpot.
The previous regulations required them to transfer the jackpot to a different progressive, or multi-machine system, as is the expected practice in the online environment.
The change applies only to progressive slots within a single casino. Progressive jackpots linked among several casinos would not be affected, AP reports. Regulators say the change allows casinos to more quickly get rid of underperforming slot brands and replace them with others.
The changes also permit the casinos to increase the odds of winning progressive jackpots from the current 50 million-to-1 to 100 million-to-1.
Josh Lichtblau, director of the New Jersey Division of Gaming Enforcement, which issued the new rule, said it is designed to give the casinos the flexibility to more quickly remove slot machine themes that are not proving popular with gamblers.
The change is part of casino regulatory reforms passed earlier this year by the New Jersey state legislature, which were designed to change or eliminate some rules the casino operators claimed were outdated, expensive or burdensome.
The motivation was to help improve the financial position and flexibility of Atlantic City operators fighting off competition from casinos in neighbouring states, which have captured almost a third of Atlantic City's casino revenue over the past four years.
This is not the first time that New Jersey has allowed casinos to cancel progressive jackpots; in 1992 a similar dispensation was made, and within the first three months casino operators canceled $16.6 million worth of jackpots, keeping the accrued monies.
That rule was later revoked, requiring the casinos to transfer progressive jackpots in games that were being removed from the casino floor to other progressive games, a rule that stood until this week.
Lichtblau assured Associated Press that the casinos will not be allowed to play "bait-and-switch" with slot games, allowing jackpots to build up, then canceling them, only to return them to use soon afterward with a smaller jackpot. The new rules require that when a particular progressive theme is ended, it can't be brought back.
Under the new rule, the casinos will no longer have an outstanding liability - the obligation to pay for a slots jackpot that is canceled.
David Hughes, chief financial officer of Trump Entertainment Resorts, said he doubts casinos will make frequent use of the cancellation rule, preferring to roll the jackpots over to make other games more attractive.
Operators still have discretion over whether they want to keep the accrued funds in a cancelled jackpot, or re-deploy these into another game to ensure the reward is still available to players. He predicted that most operators will choose the latter course.
"You don't do it for financial reasons," he said. "You'd have a backlash from your customers if you did that. You'd anger your customers, and customers drive everything."
USA Online Gamblers. The Best Online Casino with the fastest payouts and highest bonus. Get your Exclusive Bovada Bonus Code now. Up to $4250 in free sign up bonuses. Dont miss out on this limited time special offer.Online Poker, Online Casino and Online SPorts betting all included in this exclusive Bovada Bonus.
Gambling News :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
Quickspin are now available in Denmark -
#quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.
UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.
Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.