Meetings & Information




*****************************
****************************************************
MUST READ:
GET THE FACTS!






Showing posts with label Bally. Show all posts
Showing posts with label Bally. Show all posts

Sunday, June 19, 2016

Union authorizes July strike against 5 Atlantic City casinos




Union authorizes July strike against 5 Atlantic City casinos


Posted: Sunday, June 19, 2016 12:15 am
ATLANTIC CITY, N.J. — Atlantic City’s casino workers say they’ll go on strike against five of the city’s eight casinos on July 1 if a contract isn’t reached by then.
Members of Local 54 of the Unite-HERE union voted Thursday to authorize a strike against Bally’s, Caesars, Harrah’s and the Tropicana. The union had already authorized a strike against the Trump Taj Mahal.
A spokesman said Thursday several thousand workers cast ballots, which were 96 percent in favor of a strike.
The remaining three casinos— Borgata, Golden Nugget and Resorts — have been given an indefinite extension by the union, which says talks with them have been making progress.
The union says workers made painful sacrifices that need to be reversed now that Atlantic City’s casinos are regaining their financial footing.
“The most insulting thing is that in 2011 this union gave up part of its package to help the casinos when they were struggling,” union president Bob McDevitt said.
The vote comes at a precarious point for Atlantic City as it begins to stabilize from the loss of four of its 12 casinos in 2014, grapples with a $100 million budget shortfall and tries to fight off a state takeover and the prospect of in-state competition from two proposed casinos in the northern part of the state.
“These five employers clearly are not in touch with what their employees are feeling,” McDevitt said. “What is happening at the table is an insult. The day before a strike vote, Tropicana offered a five-year wage freeze. The day before!”
Tony Rodio, president of Tropicana Entertainment, which runs the Tropicana and the Taj Mahal, said the company has invested $160 million at the Tropicana since 2011.
“Our employees have benefited from increased hours, increased gratuities and job security while 33 percent of the market’s 12 casinos have been forced to close and thousands have lost their jobs,” he said. “It should also be noted that since emerging from bankruptcy in 2010, current ownership has not withdrawn one penny of investment from Tropicana Atlantic City while continuing to risk millions in an uncertain market.”
Kevin Ortzman, president of Caesars and Bally’s, said parent company Caesars Entertainment’s “goal remains to negotiate a fair resolution to keep our employees at work for their sake and to continue supporting Atlantic City’s revitalization, which has our full commitment.”
Irma Dominguez, a housekeeper at Harrah’s for 24 years, said she’s ready to walk out if necessary.
“Since 2004, I’ve only gained 80 cents an hour on my salary,” she said. “In 2011, we gave them back a week of vacation to help keep them in business. Now that they’re making money, we want that back. We deserve it.”
Elaine Malloy, a cocktail server at Bally’s, called the casinos’ current offer “horrendous.”
“They’re not willing to give anything back that they needed from us in 2011, when we agreed to help them,” she said.
Remaining on the job under current conditions would be almost as financially difficult as going out on strike, she said.


Friday, September 4, 2015

CNN: Trump Angered That Jeb Opposed Casino Gambling as Fla. Gov.


Jeb jabbed Trump over casinos

2 September 2015

FLORIDA -- Donald Trump donated $50,000 to Florida's Republican Party in 1998 but Jeb Bush did not come through on casinos, according to CNN.

Bush opposed gambling in Florida and failed to soften this stance in office, the report explained.

Trump had plans to build a multi-million dollar casino in partnership with the Seminole Tribe, which he ultimately abandoned, CNN said.

Now both men meet again to battle it out over the Republican Party Presidential Nomination, the report noted

http://www.casinocitytimes.com/news/article/jeb-jabbed-trump-over-casinos-214306

CNN: Trump Angered That Jeb Opposed Casino Gambling as Fla. Gov.


 


Friday, May 22, 2015

21 indicted for allegedly stealing more than $88,000 in casino scam





Thursday, May 21, 2015

21 indicted for allegedly stealing more than $88,000 in casino scam

CHRISTIAN HETRICK, Staff Writer
The Press of Atlantic City

Police have busted another check-cashing scheme that allegedly netted more than $88,000 from Atlantic City casinos.


A grand jury indicted 21 people allegedly involved in the scheme Thursday, Acting Attorney General John Hoffman announced.

The defendants allegedly took advantage of TD Bank’s policy of making funds available the same date a check is deposited, according to the attorney general's office.

The alleged ringleader, Michael Williams, 35, of Sicklerville, allegedly recruited the other defendants to either open a new TD Bank account or use their existing TD Bank account to conduct the scheme, the statement said. Williams would allegedly deposit a bad check into an account, and a day later, the account holder would allegedly withdraw most of the money through a Global Cash Access cash advance transaction in either Bally’s Casino or Borgata Hotel Casino and Spa, the statement said.

The new accounts opened with small deposits ranging from $2 to $30, the statement said. The bad checks later written were for between $4,900 and $4,995, the statement said.

The scheme was possible because TD Bank offered same-day availability of funds on checks deposited, so the money was withdrawn before TD Bank was notified that the check was bad, the attorney general's office said in a news release. Williams allegedly stole a total of $88,796 with the other defendants. Williams allegedly let the other defendants keep a small share of the stolen money in return for their participation in the scheme, the statement said.

The charges are the result of an investigation by the New Jersey State Police Casino Investigation Financial Crimes Unit and the Division of Criminal Justice Specialized Crimes Bureau, the statement said.

Williams received second-degree counts of conspiracy, money laundering and theft by deception. The other defendants were each charged with third-degree counts of conspiracy, money laundering and theft by deception.

The other 20 defendants are:

Edward Smith, 31, of Clementon

Jennifer Gathers, 35, of Bridgeton

Antwan Cannon, 30, of Clementon

Armissa Williams, 37, of Lindenwold

Jose Ramos, 24, of Lindenwold

Anais Ramos, 26, of Lindenwold

Tidarat Johnson, 43, of Runnemede

Neil Miller, 65, of Clementon

Johnny Swain, 55, of Lindenwold

Saleem Brown, 36, of Philadelphia, Pa.

Jennifer Polidoro, 30, of Pine Hill

Mark Harley, 44, of Clementon

Gail Whitner, 52, of Philadelphia, Pa.

William Taylor, 32, of Somerdale

Lebaron Harvey, 33, of Camden

Eric Puriefoy, 51, of Berlin

Christina Honey, 30, of Pennsauken

Santa Santiago, 34, of Vineland

James Burch, 60, of Lindenwold

Barry Ettore, 54, of West Berlin



http://www.pressofatlanticcity.com/news/indicted-for-allegedly-stealing-more-than-in-casino-scam/article_08a26d00-0001-11e5-b5c1-571316ed3c97.html

Wednesday, March 12, 2014

Mass. regulators explore potential impacts of online gambling


Gaming chief: ‘We can’t wait’ for online betting'

This is infuriating!

If the casinos are allowed to be built in Massachusetts, no one will live further than 50 miles from at least one, sometimes two, three, or four casinos; CT and RI casinos are already cannibalizing each other; NY casinos are proliferating; ME is looking to build more; and NH is poised to jump on the bandwagon. Now internet gambling? Internet Lottery? ...

Predatory gambling is failed public policy. It is the "solution" turned to by politicians and grifters in public office who will not do the work of creating and nurturing real revenue sources, who cave-in to corporate influence, who refuse to tax the rich in favor of picking the pockets of the poor, working poor, and middle class.

Repeal The Casino Deal
http:www.RepealTheCasinoDeal.org

http://bostonherald.com/news_opinion/local_coverage/2014/03/gaming_chief_we_can_t_wait_for_online_betting


Gaming chief: ‘We can’t wait’ for online betting | Boston Herald
bostonherald.com
Gaming chief: ‘We can’t wait’ for online betting031114gamingar04.jpgPhoto by: Angela RowlingsNEW GROUND FOR MASS.? ‘The time is now, it’s upon us,’ Massachusetts Gaming Commission Chairman Stephen Crosby, above,...
 
 
The state Gaming Commission is looking to hit the jackpot by pushing Internet gambling, which would make Massachusetts the fourth state in the nation to open the door to online betting. “The time is now, it’s upon us,” Gaming Commission Chairman Stephen...
 
The state Gaming Commission is looking to hit the jackpot by pushing Internet gambling, which would make Massachusetts the fourth state in the nation to open the door to online betting.

“The time is now, it’s upon us,” Gaming Commission Chairman Stephen Crosby said yesterday. “We can’t wait any longer, even though we’re still in the middle of (casino) licensing.”

State Sen. Stanley C. Rosenberg, the architect of the state’s casino law, said he would take his cues from the commission on how best to legislate online gaming. “It’s a new frontier,” Rosenberg said. “I personally don’t see how you avoid it.

“You can’t control the Internet. When people turn on their computer they go where they want to go,” Rosenberg added. “We’re just at the early stages of trying to understand how this actually works, and given that you can organize businesses inside the commonwealth, within the country, and internationally and set them up online, so we need to figure out how that all works.”

Treasurer and gubernatorial candidate Steven Grossman is still in favor of exploring online gaming, his campaign said last night. In a 2012 report, a task force Grossman convened concluded, “If the Lottery does not enter this online market, other entrants — including commercial casinos, tribal casinos, commercial gaming companies and other states — will.”

The report added keeping Lottery sales agents working and helping problem gamblers would also need to be addressed.

It was all part of yesterday’s forum at the Boston Convention and Exhibition Center, where online betting dominated a day-long fact-finding forum.

So far, several models exist, including restricting online gambling to inside casinos, as in Nevada; only allowing licensed casinos to set up gambling sites, as in Nevada and New Jersey; and having the state Lottery run the sites and collect the revenue, as in Delaware.

Under federal law, all betting must take place within the Bay State’s borders — and sports betting is forbidden.

Crosby added awarding three casino licenses in the state — two by this summer and possibly a third later on — must come first before online gaming is tackled. The lone state slots license has just been awarded to Penn National Gaming at the Plainridge harness race track in Plainville.

Yesterday’s forum included representatives from the states that have legalized online gambling, as well as reps from companies that provide equipment and guidance.

But not everybody is a fan.

John Ribeiro, chairman of the campaign to repeal the state’s casino law on the November ballot, called online gambling a scourge.

“There’s no shovel in the ground yet to build the casinos or slots parlors, but already we’re talking about expansions of casino gambling,” Ribeiro said. “This is what happens everywhere in the country, (casinos) get a foothold and expand at all costs.

“Instead of having honest debate about tax revenue and economic development,” he added, “we’re just going to allow these charlatans to open up casinos not just in our communities, but in every living room, every office, every door room in the state. We need to stop the bleeding.”
 

 
 

Mass. regulators explore potential impacts of online gambling



BOSTON — The head of the state's gambling commission suggested on Tuesday that lawmakers hold off on key decisions about Internet gambling until after the panel completes the process of awarding casino licenses in Massachusetts.

The commission convened an all-day hearing to examine the potential impact of online gambling should it be legalized in the state. Lawmakers and gambling regulators worry that it could take a bite out of revenues currently produced by the state lottery and that are expected to be generated by taxes on casinos in the future.

Commissioners awarded the state's first expanded gambling license last month to Penn National Gaming, which plans to build a slots parlor at the Plainridge racetrack in Plainville. Licensees for resort casinos in greater Boston and western Massachusetts are expected to be named later this year.

Stephen Crosby, chairman of the five-member commission, said lawmakers have been urged not to do "anything serious" about online gambling until after the licenses are awarded, noting casino companies will be investing hundreds of millions of dollars in Massachusetts, "and it's only appropriate that they be at the table when we figure out what do with Internet gaming."

Three states, New Jersey, Nevada and Delaware, currently allow some form of online gambling, with at least 10 other states considering bills, according to a recent survey by Gambling Compliance, a group that tracks gambling-related legislation worldwide.

State Senate Majority Leader Stanley Rosenberg, D-Amherst, told the commission that while Internet gambling seems likely to become a reality in the future, lawmakers are wary of potential effects on revenue to the state from lottery sales and future casinos.

"We don't want to kill the goose that laid the golden egg on the state lottery and the new goose that is hopefully going to lay some golden eggs in the coming years, the slots parlor and casinos," said Rosenberg, one of the principal architects of the 2011 expanded gambling law.

Crosby said any venture into online gambling should take place "hand in glove" with efforts to address gambling addiction.

Executives of virtual casino providers International Game Technology and Bally Technology were among those who appeared at Tuesday's forum, along with representatives from New Jersey, Nevada and Delaware.


http://www.therepublic.com/w/MA--Internet-Gambling-Massachusetts

Wednesday, February 5, 2014

Bally's fined $17,500 in underage drinking case



The casinos high tech security can find cheaters but they can't find intoxicated teenagers.

Associated Press - February 4, 2014 - Bally's fined $17,500 in underage drinking case

ATLANTIC CITY, N.J. (AP) — An Atlantic City casino will pay $17,500 for letting two teenagers drink so much one night last summer that an ambulance had to be called for one of them....

The state Gaming Enforcement Division imposed the fine on Bally's Atlantic City on Jan. 23.

The decision was made public on Monday.

Bally's did not respond to a request for comment, but the division noted both sides had agreed to the penalty under a settlement.

Officials say the casino served a 17-year-old and an 18-year-old three alcoholic beverages without asking for identification on Aug. 21.

Within an hour, a casino security found the 17-year-old visibly intoxicated on the casino floor, and called an ambulance.

The minimum age for drinking — and gambling — in New Jersey is 21.

http://www.buckscountycouriertimes.com/news/state/nj/bally-s-fined-in-underage-drinking-case/article_77a2a269-ec55-5e9f-88f8-ffefc9d7326b.html
 
 
 
The casinos high tech security can find cheaters but they can't find intoxicated teenagers.

Associated Press - February 4, 2014 - Bally's fined $17,500 in underage drinking case 

ATLANTIC CITY, N.J. (AP) — An Atlantic City casino will pay $17,500 for letting two teenagers drink so much one night last summer that an ambulance had to be called for one of them.

The state Gaming Enforcement Division imposed the fine on Bally's Atlantic City on Jan. 23.

The decision was made public on Monday.

Bally's did not respond to a request for comment, but the division noted both sides had agreed to the penalty under a settlement.

Officials say the casino served a 17-year-old and an 18-year-old three alcoholic beverages without asking for identification on Aug. 21.

Within an hour, a casino security found the 17-year-old visibly intoxicated on the casino floor, and called an ambulance.

The minimum age for drinking — and gambling — in New Jersey is 21.

http://www.buckscountycouriertimes.com/news/state/nj/bally-s-fined-in-underage-drinking-case/article_77a2a269-ec55-5e9f-88f8-ffefc9d7326b.html

Sunday, May 5, 2013

Caesars: $20 BILLION debt, Declining Revenues


Caesars is among those salivating to invade Massachusetts.

Caesars suffers quarterly loss, blames visitation drop


2 May 2013
By Howard Stutz

LAS VEGAS -- Caesars Entertainment Inc. blamed reduced visitation at the company’s hotel-casinos nationwide, especially in Atlantic City, for a first-quarter decline in overall revenues and a net loss.

The casino operator, which controls 10 resorts on or near the Strip, said Wednesday overall revenues fell 2.9 percent to $2.143 billion in the quarter that ended March 31. Caesars lost $217.6 million, or $1.74 per share, compared with a net loss of $280.6 million, or $2.24 per share in the same quarter a year ago.

Analysts polled by FactSet expected a loss of $1.46 per share.

“Atlantic City continued to struggle with economic and competitive pressures and a slow recovery from the impact of Hurricane Sandy,” Caesars Entertainment Chairman Gary Loveman said. “A nationwide slowdown in casino customer spending as the year began and the strong growth recorded in the 2012 first quarter resulted in an unfavorable comparison for the 2013 first quarter.”

The company, whose Strip properties include Caesars Palace, Bally’s, Harrah’s Las Vegas, the Rio and Planet Hollywood, saw revenues decline 2.6 percent in Las Vegas to $751.7 million. Casinos revenues declined 5.7 percent, hotel revenues were down 3.4 percent but food and beverage revenues climbed 8.2 percent.

Caesars said construction associated with the $550 million Linq, renovation of the Imperial Palace into The Quad, and the closing of Bill’s Gamblin’s Hall, which is being renovated into the $187 million Gansevoort Las Vegas, lowered revenues in the market.

Meanwhile, Caesars’ four casinos in Atlantic City and its Harrah’s Philadelphia racetrack casino saw revenues decline 15.5 percent to $365.3 million during the quarter.

Caesars said it expects the region to face continued challenges from a slow recovery after the October storm and competitive pressures from neighboring markets. The company said it would continue to focus on controlling costs in the region.

Loveman touted Caesars expansion activities during the quarter, including the opening of the $400 million Horseshoe Casino Cincinnati and the expanded Thistledown Racetrack casino near Cleveland. Both projects are in partnership with Detroit-based Rock Gaming.

“We also continued efforts to win a gaming license with Suffolk Downs in Boston and presented our vision of an integrated resort to officials in Toronto,” Loveman said.

Last month, Caesars formed Caesars Growth Partners, an entity that will own Caesars Interactive, Planet Hollywood and the company’s joint-venture interests in Horseshoe Baltimore.

“This transaction will help strengthen our balance sheet and our ability to pursue growth opportunities,” Loveman said.

RBC Capital Markets gaming analyst John Kempf said Caesars’ cash flow continues to decline. He also expressed concern with Caesars’ long term debt of more than $20 billion.

“The company’s capital structure remains the larger issue,” Kempf said.

http://www.casinocitytimes.com/article/caesars-suffers-quarterly-loss-blames-visitation-drop-62101

Thursday, April 25, 2013

Bankrupt yourself in your pajamas!

Where's Alice?



Beware. There is no end to the fleecing once the foot is in the door!

Foxwoods tribal owner inks Internet gambling deal

AP / April 22, 2013
 
MASHANTUCKET, Conn. (AP) — The Mashantucket Pequot Tribe, owner of Foxwoods Resort Casino in eastern Connecticut, says it will partner with a provider of an Internet gambling provider to begin offering online games this year.
 
The Mashantuckets and GameAccount Network announced the deal on Monday. It must be approved by regulators.
 
The tribe and the London company say they will initially focus on play-for-fun online gambling in the United States. The two parties will be ready for real-money gambling if online is gambling is legalized.
 
The tribe and GameAccount say they will provide business-to-business services to other U.S. gambling operators.
 
Mohegan Sun, Foxwoods’ Connecticut competitor, reached an agreement last year with Las Vegas-based Bally Technologies to provide free-play online poker.
 
 
 
 

Tuesday, February 26, 2013

Inviting crime to Massachusetts

'They' tell you crime doesn't increase....Oh?






Massachusetts ‘Gaming’ Future

Casinos ‘BREED’ compulsive gambling degenerates who will become criminals.

Pittsburgh Tribune-Review - February 25, 2013 - Former West Penn Allegheny manager charged with stealing $700k
...
A former financial services manager for West Penn Allegheny Health System siphoned more than $700,000 from the struggling medical center to gamble at casinos in Pennsylvania, Illinois and Atlantic City, the Allegheny County District Attorney's Office said on Monday.

Read more: http://triblive.com/news/adminpage/3550274-74/allegheny-penn-casino#ixzz2M0cFLUvq
See More

Massachusetts ‘Gaming’ Future

Casinos ‘BREED’ compulsive gambling degenerates who will become criminals.

Pittsburgh Tribune-Review - February 25, 2013 - Former West Penn Allegheny manager charged with stealing $700k

A former financial services manager for West Penn Allegheny Health System siphoned more than $700,000 from the struggling medical center to gamble at casinos in Pennsylvania, Illinois and Atlantic City, the Allegheny County District Attorney's Office said on Monday.

Read more: http://triblive.com/news/adminpage/3550274-74/allegheny-penn-casino#ixzz2M0cFLUvq
 
 
Former West Penn Allegheny manager charged with stealing $700k

By Adam Brandolph

Published: Monday, February 25, 2013
A former financial services manager for West Penn Allegheny Health System siphoned more than $700,000 from the struggling medical center to gamble at casinos in Pennsylvania, Illinois and Atlantic City, the Allegheny County District Attorney's Office said on Monday.
 
Ira L. Johnson, 52, of Penn Hills is facing 10 charges, including theft, unlawful use of a computer, receiving stolen property and misapplication of entrusted property. The former manager of patient financial services and manager of revenue/cash receipts has a preliminary hearing scheduled for March 5. Johnson couldn't be reached for comment. His wife declined comment.
Authorities said Johnson funneled checks made out to Allegheny Medical Practice Network and West Penn Physician Practice Network into a PNC Bank business checking account that he opened on July 26, 2007.
Detectives said Johnson withdrew money — sometimes more than $10,000 each time — at Rivers Casino on the North Shore, Meadows Racetrack and Casino in North Strabane, Presque Isle Downs in Erie, Mountaineer Casino Racetrack & Resort in Newell, W. Va., Harrah's Chester Casino and Racetrack, Bally's Atlantic City and Grand Victoria Casino outside Chicago. Bank statements showed no evidence that he used any of the money for West Penn Allegheny business, detectives said.
 
Dan Laurent, a spokesman for the health system, said Johnson was employed from 2006 until he was fired on Nov. 8, 2011, a day after he deposited two checks totaling $350 into his account.
 
West Penn Allegheny executives met with detectives from the district attorney's office on Jan. 4, when an employee noticed suspicious activity. The company eventually conducted an internal audit, which uncovered the missing money.
“Since we discovered his actions, we have thoroughly scrutinized and enhanced our internal control processes to deter any individual, regardless of work responsibility or intent, from perpetrating this type of crime again,” Laurent said. “WPAHS is grateful to the Pittsburgh police, Allegheny County and the District Attorney — all of whom responded immediately and are helping to ensure that justice is served in this case.”
Laurent said West Penn Allegheny has insurance to protect itself from such theft and plans to file for reimbursement.
Stephen Foreman, associate professor of health care administration at Robert Morris University, said the health system should have noticed the money was missing earlier.
“It makes you wonder because if he was intercepting checks, there should have been other systems in place that would have caught that,” Foreman said. “They need to explain how their systems allowed this to happen.”
The health system reported a $112.5 million operating loss in its most recent financial year, more than double the loss of the previous year.
“They may not have paid as much attention to internal issues,” Foreman said.


Read more: http://triblive.com/news/adminpage/3550274-74/allegheny-penn-casino#ixzz2M2Wk1Zi3
 
 

Sunday, October 14, 2012

Targeting the Young Gambling Addicts on the Internet




Casino Companies Are In For an Overhaul






Monday, July 2, 2012

Atlantic City Casinos Trivial Fines







July 2, 2012

Casinos fined for unshuffled cards, other breaches

ATLANTIC CITY, N.J. — Two Atlantic City casinos were fined nearly $200,000 for violations including using unshuffled cards and not having enough security on hand, state casino regulators announced Monday.

Bally's Atlantic City was fined $105,000 for allowing people on the self-exclusion list to gamble, letting an underage patron gamble and not fully staffing required security positions.

The Trump Taj Mahal Casino Resort was fined more than $91,000 for using unshuffled cards for 3½ hours in games of mini-baccarat.






The state also confiscated more than $4,000 won by self-excluded gamblers at the Borgata Hotel Casino & Spa.

Executives with Bally's and the Taj Mahal's parent companies did not immediately respond to requests for comment Monday. But in documents submitted to the state Division of Gaming Enforcement, the companies admitted the violations and detailed corrective actions they had taken, including suspending or firing employees involved.

Bally's was hit with four of the five fines announced by the division, including a $70,000 penalty for violating its own security plans. In documents submitted to the state, Bally's acknowledged it had combined security locations and did not fully staff required security positions from Oct. 2010 through July 2011.



The casino said it had suspended a security director that oversaw staffing, gave verbal instructions to all security shift managers, and issued a memo that had to read and signed acknowledging that Bally's cannot make security staffing adjustments without state approval.

Bally's also was fined for allowing underage gamblers and allowing people who had placed themselves on New Jersey's self-exclusion list to gamble.

The largest fine, $91,236, was imposed on the Taj Mahal, which admitted that on Dec. 10, 2011, it failed to shuffle eight decks of cards before using them at a mini-baccarat game. The casino used the unshuffled cards for 3½ hours, and its surveillance department did not detect that the cards had not been shuffled.

The Taj Mahal fired nine employees involved, including the shift manager, three assistant managers and four dealers. The casino also has since installed a $2.2 million digital recording system which it says has greatly improved its surveillance capabilities, and the surveillance department has added eight officers.

The state also confiscated $4,350 that the Borgata seized from three gamblers it learned were on the self-exclusion list.
http://www.cbsnews.com/8301-505245_162-57465106/casinos-fined-for-unshuffled-cards-other-breaches/


Tuesday, May 22, 2012

Atlantic City: 2 Tourists Dead Outside Bally's



2 Canadian tourists stabbed to death in Atlantic City

May 21, 2012|By Jacqueline L. Urgo, INQUIRER STAFF WRITER

ATLANTIC CITY — Two Canadian women on vacation here were stabbed and killed Monday during a robbery outside Bally’s Atlantic City Casino Hotel, just steps from where a police officer was standing.

Police declined to provide the names of the victims, or precisely where they were from, pending notification of family. They also would not say how the women are related.

Atlantic City Police Officer Jacob Abbruscato was patrolling the area where the attack occurred — at Pacific and Michigan Avenues, located inside the newly created Atlantic City Tourism District — when he noticed what was happening and ran to assist the victims. Abbrusacto drew his service weapon and ordered suspect Antoinette E. Pelzer, 44, of Philadelphia, to drop her weapon and to get on the ground.

Pelzer complied and was taken into custody. The victims were taken to AtlantiCare Regional Medical Center’s City Campus, located across the street from where the attack occurred.

By Monday afternoon both women had succumbed to their injuries, which consisted of multiple stab wounds to their upper torsos. Pelzer was initially charged with two counts of aggravated assault, unlawful possession of a weapon, possession of a weapon for unlawful purposes, and robbery. Bail has not been set and it is likely the charges will be upgraded, according to an Atlantic County Prosecutor’s Office spokeswoman.

Contact Jacqueline L. Urgo at 609-652-8382 or jurgo@phillynews.com or read the Jersey Shore blog Downashore at www.philly.com/downashore.

http://articles.philly.com/2012-05-21/news/31801667_1_multiple-stab-wounds-canadian-tourists-service-weapon

Sunday, March 25, 2012

Caesars, Atlantic City settle tax appeal

Caesars, Atlantic City settle tax appeal, but other casinos have also filed
Posted: Sun Mar 25, 2012.
By EMILY PREVITI Staff Writer pressofAtlanticCity.com

ATLANTIC CITY — Recent tax-appeal settlements with Caesars Entertainment Corp. have cut property values for three casinos by 35 percent — a development that could affect public finances if a similar degree of reduction results from pending appeals filed by seven other gambling halls.

“It’s a major concern to the city’s administration and to everybody. It’s 11 (casino) properties, and they make up 38 (percent) or 39 percent of the (city’s) ratable base, and 25 percent of the county’s (ratable base). So having these drops doesn’t just affect the city, it affects the county as well,” city finance director Michael Stinson said Friday.

The city has agreed to give back $26.96 million to Caesars for taxes paid from 2009 to 2011 on Bally’s Atlantic City — one of four local casinos the company operates — because those tax bills were based on the property’s value being $1.5 billion, which tax court negotiations have since reduced to $700 million, he said.

Stinson spoke two days after City Council approved more than $27 million in refunds for Bally’s and nine other, smaller commercial properties in the resort. The rebates are intended to make up for owners paying taxes on properties whose values have been determined to be lower than calculated in 2008, when the resort underwent its first citywide revaluation in three decades.

Caesars contested assessed values for all four of its local casinos, although Showboat Casino Hotel’s appeal was resolved previously. Settlements for Harrah’s Resort and Caesars Atlantic City were also approved Wednesday but do not provide for any refunds, according to city documents summarizing the settlements.

Casinos previously were assessed solely on their land and buildings, but opted to have their assessments take financial performance into account when the economic downturn started — and while legal, it’s unfair, Mayor Lorenzo Langford said Friday.

“If the state of New Jersey really wants to assist the city, they should mandate that the casinos be assessed in the same way and manner as residential properties,” Langford said. “Property taxes are not reduced on the residential side if a property owner suffers a reduction in income or mismanages their financial affairs. Why should casinos be treated differently?”

Caesars Atlantic City now has an assessed value of $1.05 billion, down 38 percent from $1.7 billion. Harrah’s now has an assessed value of $1.55 billion, down 18 percent from $1.9 billion, the documents show.

Atlantic City officials have not yet introduced the 2012 budget. But for 2011, Caesars would have paid $49.3 million in municipal taxes on the Bally’s, Harrah’s and Caesars properties, a figure that would drop by 35 percent to $31.9 million with the new, lower assessed values.

That would leave the city with $17.4 million — 7 percent of 2011’s $234 million budget — to make up. That likely would result in increased taxes for other local property owners.

The 2011 municipal tax rate is $0.967 per $100 assessed value. If everything else stayed the same, the tax rate would increase to $1.06 per $100 assessed value to make up for the ratable base reduction resulting from adjustments to the three Caesars properties’ values.

That means the owner of a $100,000 house would have paid $1,060 in municipal taxes versus $967, which is an increase of $93, or nearly 10 percent.

Still more losses could result from the resolution of pending appeals by other casinos.

Revel, Borgata Hotel Casino & Spa, Tropicana Casino and Resort, Trump Entertainment Resorts Inc., Golden Nugget Atlantic City and Atlantic Club Casino Hotel each has appealed.

Stinson, who was not at Wednesday night’s meeting, later clarified details of the settlements with Caesars, which were discussed in closed session. The terms include the company’s pledge to refrain from filing tax appeals this year or next year on any of its local properties.

Last fall, Resorts Casino Hotel and Pinnacle Entertainment Inc. also agreed they would not contest property values through 2013.

That’s significant, because casinos and other large companies automatically file tax appeals every year, figuring the cost of the process is worth potential savings on taxes based on property values of millions or billions of dollars.

City Council agreed Nov. 2, 2011, to borrow $38.5 million to settle tax appeals — including those filed by Resorts and Pinnacle — involving overpayments made as long as 15 years ago.

Officials could have issued a tax credit but instead felt it would be easier from a budgeting perspective to settle up, start collecting taxes and allow that revenue to cover the related interest payments, which would be figured into the city budget, Stinson said.

That convenience will cost the city about $3.5 million in interest over five years, Stinson estimated at the time.

If interest rates remain as competitive as then, the city likely will do the same for the $27.1 million approved Wednesday for settlements with the three Caesars properties and nine others, Stinson said.

Improved borrowing rates also prompted City Council to agree Wednesday to refinance two debts: $16.2 million borrowed at 4 percent interest in 2003 for capital improvements and $6.1 million in deferred pension payments, for which the state is charging 7 percent interest, Stinson said.

Stinson expects to get a 2 percent rate on the $16.2 million bond and a 4.75 percent rate on the pension debt. The changes should save the city about $670,000 over five years, he said.

Tuesday, January 31, 2012

The Desperation of Atlantic City and False Promises

State agency’s plan for Atlantic City: make it a cleaner, safer and more inviting resort
By Wayne Parry Associated Press

ATLANTIC CITY, N.J. — Friends have taught Larry Sherlock two main things about Atlantic City: Bally’s, the Taj Mahal and the Borgata give out nice comps. And, don’t venture out onto Pacific or Atlantic avenues, especially at night.

The retiree and his wife love Atlantic City enough to make the seven-hour drive from Hampton, Va., twice a month. But when they’re here, they experience only a tiny slice of the resort, sticking to the casinos and the Boardwalk, areas where they feel safe.

People like Sherlock, a retired manufacturing manager, are at the heart of a redevelopment plan expected to be approved Wednesday by the Casino Reinvestment Development Authority, the newly empowered state agency tasked with carrying out Gov. Chris Christie’s overhaul plans for the nation’s second-largest gambling resort.

The goal is simple: to make Atlantic City safer, cleaner and more inviting.

“We’ve identified dozens of interesting ideas to improve visitation, improve the convention atmosphere, the Boardwalk, and entertainment venues,” said John Palmieri, executive director of the CRDA. “The visitor experience is very important.”

Billions of dollars and tens of thousands of jobs are at stake. For the past five years, Atlantic City’s casino revenue has been plunging due to an ever-growing number of casinos in neighboring states, and the continued sluggish economy.

Lawmakers in the far more populous northern part of New Jersey have long clamored for slot machines and table games at horse tracks in their part of the state, including the struggling Meadowlands Racetrack in East Rutherford, just outside New York City. Thus far, Christie has resisted those calls, promising to give Atlantic City five years to get its act together before revisiting the question of whether it deserves to continue the monopoly on gambling that the state’s Constitution gives it.

To do that, Christie got state legislators to create a new tourism district in Atlantic City consisting of the casinos, the Boardwalk, shopping districts and the former Bader Field airport site, and put the CRDA in charge of overseeing it. The plan the agency is expected to approve Wednesday addresses quality of life issues for visitors and residents alike, calling for new development in some areas, spruced up store facades, removal of anti-crime shutters on businesses, stepped-up sanitation and other initiatives.

Already, workers riding mini-vacuum trucks are scurrying up and down Atlantic Avenue, sucking trash from the gutter and trying to keep things cleaner than they have been in recent years. Flowers are being planted, signs erected giving better directions to attractions, and a new parking garage is being built to accommodate shoppers drawn to The Walk and its successful outlet stores.

That area, considered the main gateway to Atlantic City, has been given a total makeover, with glittering spires, a landscaped median strip, and gleaming new stores on either side of the end of the Atlantic City Expressway that put an inviting face on the first impression many visitors get here. CRDA hopes to duplicate that kind of success in other areas that are not as tourist-friendly.

Atlantic and Pacific avenues, the two main downtown streets, will get particular attention.

“The first two streets off the Boardwalk I don’t go to, because I was told not to, especially at night,” Sherlock said. “I hope they do make it safe there. If I have to go anywhere around here, I go by car.”

He and his wife have been visiting Atlantic City for 20 years, and haven’t experienced anything worse than the occasional panhandler begging for change or cigarettes on the Boardwalk. But he says it would be nice to feel as at-ease on the downtown streets as he does on the Boardwalk.

Palmieri and his agency declined to reveal specific details of the plan until after it is presented and approved on Wednesday. But in a series of public hearings in recent months, several proposals have been discussed at length.

The agency has envisioned putting stores or restaurants on the ground floor of casino parking garages along Pacific Avenue, the oceanfront street, and even encouraging patio dining along the street, which is now lined with cash-for-gold pawn shops, strip clubs, discount motels and run-down buildings.

It also wants businesses along Atlantic Avenue, two blocks inland, to remove anti-crime shutters from their storefronts, and has considered locating state offices in a dense cluster on the street to create more activity in certain spots.

Saturday, December 24, 2011

The March to Gambling Addiction in Your Own Home

Not content with wildly profitable slot barns around the nation that destroy families and communities, increase crime and contribute low wage jobs to the economy, Nevada's wealthy push to expand into homes to promote their Addiction.

Corporate Greed knows no bounds.

Nevada adopts rules for Internet poker licenses

LAS VEGAS (AP) – Nevada gambling regulators on Thursday unanimously approved rules that allow companies in the state apply for licenses to operate poker websites, a move that puts Nevada in a position to capitalize if Congress reverses its ban on Internet gambling.

The Las Vegas Review-Journal reported that the regulations would let casino companies operate Internet poker sites in the state, and some sites could begin operating by the end of 2012.

"We estimate the U.S. online poker market at $5 billion in revenue, relative to the current $24 billion global Internet gaming market and (the) $33 billion commercial casino market in the U.S.," Union Gaming Group analyst Bill Lerner wrote in a research report. "In our opinion, the commercialization of online poker is a 2013 event."

Online poker in Nevada could be commercially marginal, but would provide a model for other states, Lerner said.

The guidelines were mandated by the state Legislature's approval of Assembly Bill 258 earlier this year, which dictated that Internet poker regulations be established by Jan. 31.

Licensed gaming companies seeking online poker licenses will have to prove that their technology will be able to limit play to state residents of a legal age. Online poker sites are also required to establish procedures to detect money laundering, fraud or other criminal activities, and to establish a cash reserve to complement money deposited by customers in their accounts.

Caesars Entertainment Corp. and Boyd Gaming Corp. have already submitted proposals to be licensed once regulations are ready, along with casino equipment manufacturers such as International Game Technology, Bally Technologies Inc. and Cantor Gaming.

According to the regulations, companies new to Nevada would be vetted with full licensing investigations, which usually take several months.

Casino industry representatives applauded the vote despite online poker being illegal in the United States.

The federal Unlawful Internet Gambling Enforcement Act of 2006 prohibits companies from accepting payments related to online wagering, but allows several exceptions, including intrastate wagering and fantasy sports.

Friday, November 25, 2011

Jackpot winners can lose

As long as patrons are losing, 'Casinos' can ignore the self-exclusion list.

How many Gambling Addicts on the self-exclusion have been prevented from Gambling? This effort is more 'fluff' than substance by the Gambling Industry.

What would happen if 'Casinos' were forced to refund 'lost' funds to the state?

Jackpot winners can lose
Written by WAYNE PARRY
Associated Press

ATLANTIC CITY — If, as rocker Tom Petty puts it, even the losers get lucky sometimes, then the reverse is also true in Atlantic City, where even the winners end up as losers sometimes.

Casinos have seized nearly $70,000 in jackpots won in recent months by gamblers who signed up for the state’s self-exclusion list, requiring the casinos to keep them out, usually because of a compulsive gambling problem.

But the gamblers sneaked inside anyway, gambled, won, and got caught, only to see the casinos seize their winnings. Casinos could be fined each time it happens.


“The Division of Gaming Enforcement continues to enforce compliance with the regulations to prevent individuals from gambling if they appear on the self-exclusion list,” said David Rebuck, the division’s acting director. “Individuals who have placed themselves on the list have signed an agreement that all winnings are subject to forfeiture. By removing the incentive to gamble, the division supports the efforts of self-excluded persons to address their gambling problems.”

The biggest case involved a player who won a jackpot of nearly $54,000 at Bally’s Atlantic City in April. The patron, identified in paperwork filed by the state Division of Gaming Enforcement only as “GSD,” signed up for the state’s self-exclusion list in January 2003, requesting to be banned from the Atlantic City casinos for life. That prompted the state to notify all Atlantic City casinos that GSD was to be kept out of the casinos, and was ineligible to win anything.

On April 17, GSD played poker for three hours, and ended up winning a jackpot that, together with the gambling chips in his or her possession, totaled $53,933.

Due to the size of the jackpot, Bally’s security asked for identification, and quickly determined GSD was on the self-exclusion list, and therefore ineligible to win the jackpot.

A similar instance happened at the Borgata Hotel Casino & Spa in February, 2011.
A patron identified only as “YZ” had signed up for the self-exclusion list for a period of five years starting in September 2007. All the city’s casinos were notified.

(Page 2 of 2)
On Feb. 19,, “YZ” played Baccarat for four hours before being flagged by Borgata security as a self-excluded gambler. They seized $13,228 in chips that YZ had.

Bally’s also faces a second accusation of allowing patron “MS” to gamble on May 23, 2011, winning $675. But MS had signed up for the self-exclusion list for one year on Aug. 11, 2010, and thus was ineligible to win anything.

MS had been betting $200 to $300 per hand at blackjack, and had used a credit card to obtain four cash advances to buy gambling chips.

MS also had an additional 10 requests for cash advances on the credit card rejected before being detected by casino security.

The casinos face possible monetary fines for failing to prevent the self-excluded gamblers from playing in the casinos.

Joe Lupo, the Borgata’s senior vice president of operations, said the casino supports the self-exclusion law and does its best to make sure people on the list are kept from gambling. But with the thousands of people that pass through each day, it can be challenging to ensure that no one ever violates the law, he added.
Bally’s did not respond to a message seeking comment.

The money seized from the gamblers will now be split between programs to treat compulsive gambling, and a state fund that helps pay for transportation and prescription drugs for senior citizens.




Sunday, October 30, 2011

Union strikes deal with four A.C. casinos

Details not released --

Union strikes deal with four A.C. casinos
Written by WAYNE PARRY Associated Press

ATLANTIC CITY — The likelihood of a strike in the nation’s second-largest gambling market receded on Friday as the city’s main casino workers’ union reached a tentative agreement with Atlantic City’s largest casino company, Caesars Entertainment Inc.

Local 54 of the Unite-HERE union reached the three-year deal with the company’s four Atlantic City casinos: Caesars Atlantic City, Bally’s Atlantic City, Harrah’s Resort Atlantic City and the Showboat Casino Hotel.

Both sides said terms wouldn’t be released until after the union rank-and-file votes on the agreement Tuesday. The casinos had been seeking steep concessions on hourly pay and wanted employees to contribute for the first time to their health and pension benefit costs.

“Both parties put a significant amount of effort into reaching an agreement that preserves the promise of good jobs for workers in Atlantic City casinos, while at the same time ensuring the company moves forward on sound financial footing,” union President Bob McDevitt said.

Don Marrandino, eastern division president for Caesars Entertainment, said the pact was a relief.

“The Atlantic City visitor experience begins with our employees — they are crucial to the success of our industry and that of the destination,” he said.

Both sides had said they wanted to avoid a strike that could have been extremely damaging to both sides. Atlantic City continues to struggle with plunging revenue brought on by competition from casinos in neighboring states. Indeed, the deal was reached on the same day that New York City’s Aqueduct racetrack opened its new casino, which is expected to further draw from Atlantic City’s customer and revenue base.

After the ratification vote, the union is expected to take the deal to other casino companies in the city and ask if they, too, are willing to abide by its terms. Those companies include Trump Entertainment Resorts, the Tropicana Casino and Resort, Resorts Casino Hotel and ACH, the former Atlantic City Hilton, which is trying to find a buyer.

The union represents cooks, housekeepers, bartenders, cocktail servers and other service workers.

The only casino not included in the current bargaining is the Borgata Hotel Casino & Spa, whose contract has 10 months left on it.

Sunday, October 9, 2011

Atlantic City: Union Low Wage Jobs Get Even Lower Wages

AC casino workers fear falling from middle class
By WAYNE PARRY

ATLANTIC CITY, N.J. -- Since coming to this country from the Dominican Republic, Marcos Vidal has scratched and clawed his way up to a lower-middle class existence, a status to which he is tenuously clinging.

He has not had a raise in seven years at his housekeeping job at Resorts Casino Hotel. And in December, when the casino changed hands, the new owners cut his pay from $14.55 an hour to $9.83.

"Now I can barely keep up with my bills and buy food," Vidal said. "I've gotten rid of cable TV, the Internet, long-distance phone calls. I can no longer send money to my mother back home. I'm a grown man and I can't even go to a movie with someone. Do I deserve a decent life like everyone else in the United States?"

It's a life that many casino workers in Atlantic City fear could become theirs, too, if steep cuts in pay and benefits that the casinos are pushing in contract talks are adopted. The casinos have struggled for five years with plunging revenues amid ever-growing - and ever-closer - competition.

Saying the survival of the nation's second-largest gambling market is at stake, the casinos want hourly cuts of $3 from a work force that averages $12 an hour. They also want workers to contribute for the first time to their health insurance and retirement benefit costs.

The union, Local 54 of Unite-HERE, has offered givebacks from areas other than base salary and benefits that total 50 cents an hour, but both sides remain far apart. Bob McDevitt, the union president, said his workers understand the dire straits Atlantic City's casinos are in.

But he said the workers are in an equally perilous position, with nothing less than the American Dream at stake:

"This is more than a contract; it was a societal compact the state of New Jersey made with these workers when casino gambling was approved, that these would be good, middle-class jobs with decent benefits that you could make a living from. Now, is that promise going to be broken?"

Contracts between Local 54 and 10 of the 11 casinos expired last month. Both sides are abiding by the terms of the expired deals while negotiating new ones. The Borgata Hotel Casino & Spa's contract runs through next year.

Don Marrandino, eastern division president for Caesars Entertainment, which owns four of Atlantic City's casinos, said both sides recognize the problems the market faces right now.

"These are tough times for Atlantic City," he said. "That's no secret. But I remain optimistic that we'll get a deal done. We haven't had any jobs fairs to line up replacement workers or outsourced anything. We continue to have our eye on the ball to get this resolved."

Workers at Resorts have taken the biggest hits so far. When Dennis Gomes and Morris Bailey bought the struggling gambling hall last year, it was within days of closing, awash in red ink and all but forsaken by gamblers. The new owners said reducing expenses was the only way they could keep the casino open and preserve about 2,000 jobs.

Since then, other casinos have followed Resorts' lead, saying they, too, need big reductions in their expenses to survive.

It's not idle talk: Over the last 4 1/2 years, Atlantic City has lost a billion and a half dollars in casino revenue, along with thousands of jobs. The 10 casinos in neighboring Pennsylvania are poised to overtake Atlantic City's 11 casinos and become the nation's second-largest gambling market sometime next year. And New York City is adding a casino at the Aqueduct Racetrack in Queens, and talking openly of allowing one or more in Manhattan.

The union picketed Resorts every weekend in September and persuaded at least three conventions to take their business elsewhere. Union organizer Rita Lewis recently dressed in a flapper outfit designed to look like the Roaring '20s costumes that Resorts makes its female beverage servers wear, right down to the black fishnet stockings and the garter belt. She uses the attention the outfit gets to try to persuade customers not to patronize Resorts.

And at least sometimes, it works. Joe Brisby and Kevin Fonteneau, both of Philadelphia, were with a group of friends headed for Resorts last week when Lewis handed them a flier outlining the pay cuts many Resorts workers have had to take. A short conversation persuaded them to take their business elsewhere.

"We used to come here every two weeks, but I'm not interested in coming here anymore," Brisby said. "It's just wrong."

"We can't support a casino that won't support its workers," added Fonteneau. "We're going to Caesars."

Frances Stevenson has worked as a housekeeper at the Tropicana Casino and Resort for 17 years, and says she has never seen a labor climate like the current one in Atlantic City.

"They want us to give up everything we've earned," she said while waving a union sign during a recent boardwalk picket. "They're coming after our health care and our retirement. I understand the economy is in a bad way, but at least let us keep what we've already earned.

"I have two grandchildren that I'm helping support, and one of them is getting ready to go to college," said Stevenson, who makes $14 an hour. "If (the casinos) get what they want, it would be hard to live on that. I could barely pay my own bills. It would be almost like going back on welfare again, and who wants to do that?"

Several casino workers applied for food stamps over the summer, and still others stopped using their air conditioners.

Steve Bond has worked for 22 years as a cook at Bally's Atlantic City. He, too, is worried about falling out of the middle class.

"It's not going to do the casino industry any good to take so much away from the workers," he said. "We need to stop picking on workers in America, as if we're the problem. It's a shame what's happening these days."

Shirish Patel, a housekeeper at Resorts for 19 years, says he is draining his retirement savings even as he gets closer to retiring.

Iris Cotto, a Resorts housekeeper for 18 1/2 years, saw her pay cut from more than $14 an hour to $9.51. Her take-home pay is now $1,200 a month; her monthly mortgage alone is $1,300, and she has burned through her retirement savings just to keep her home.

Vidal, the resorts housekeeper, said he can no longer afford even a used car.

"The price of everything keeps going up," he said. "If they cut our pay, how are we going to survive? How is Atlantic City going to survive? I would love someone to answer those questions for me."



Workers at strapped AC casinos face steep pay cuts
By: WAYNE PARRY

Wednesday, June 29, 2011

Moody's warns Caesars' debt burden....

Moody's warns Caesars' debt burden may 'weaken competitive position'
By Howard Stutz
LAS VEGAS REVIEW-JOURNAL

Investors in Caesars Entertainment were warned Wednesday the casino operator is not out of the woods financially despite companywide cost-cutting measures.

In an analysis report on the Las Vegas-based casino operator, Moody's Investor's Service said Caesars, which operates 10 Strip-area casinos, including Caesars Palace, Rio, Harrah's and Bally's, doesn't have any significant long-term debt coming due until 2015.

However, the company's debt of more than $23 billion "is eating its cash and may weaken its competitive position."

Caesars, which had been known as Harrah's Entertainment, became privately held in a 2008 private equity buyout valued at $29 billion. The company does have publicly held debt and attempted to list some shares publicly last year before abandoning the plan.

Sunday, April 17, 2011

Slot machine makers' mass of misery

Howard Stutz INSIDE GAMING
Slot machine makers' mass of misery

If you want to understand the tough going for slot machine manufacturers, just ask the people running the companies.

Bally Technologies and WMS Industries reduced their quarterly earnings forecasts. In separate statements, the companies said casino operators are not buying new slot machines and gaming equipment. Capital expenditures are at historically low levels.

"Short-term market conditions remain difficult, with the timing of large systems implementations becoming more challenging to predict," Bally Chief Executive Officer Richard Haddrill said.

WMS CEO Brian Gamache painted a bleaker picture.

"Based on recent customer capital budgets and unit demand trends, we don't expect meaningful improvements in the industry environment over the remainder of 2011 or, at this point, for 2012," Gamache said.

This is not good news in Nevada. Slot machine and gambling equipment production is the Silver State's version of Michigan's auto industry.

In a study for the Association of Gaming Equipment Manufacturers, financial research firm Applied Analysis found $5.7 billion in economic impact -- approximately 47 percent of the sector's total of $12.1 billion in 2009 -- was generated by 25 casino suppliers with operations in Nevada. Nearly half of the industry's employees -- an estimated 14,000 -- are based in Nevada.

"Compared to the operating side of the gaming industry, gaming equipment manufacturing is a smaller share of the overall puzzle," Applied Analysis principal Brian Gordon said. "But it's a vital component and a key piece of that puzzle, especially in Nevada."

It's assumed that the manufacturers' figures will be down when the 2010 numbers are released next month as part of the American Gaming Association's annual State of the State report.

Slot machine sales have been on a downward trend going on three years.

The replacement market -- new slot machines purchased to change older games -- was already on life support before the Bally and WMS announcements.

Consider an older slot machine as an automobile with 100,000 miles. You won't purchase a new car until you do all you can to keep the old vehicle running. That's how the casinos view their games.

The equipment sector has pegged its hopes on casino expansion into new or existing markets such as Texas, Massachusetts or Florida. Those prospects, however, are quickly fading.

One analyst said the outlook for new slot machine sales this year, already a paltry 9,500 games, has declined an additional 20 percent, which means slot machine makers will have to rely heavily on replacement sales.

"We do not think this bodes well for the future for the equipment manufacturers," Janney Montgomery Scott gaming analyst Brian McGill told investors April 11.

A few hours after McGill released his research note, WMS threw in the towel on the company's results for the quarter ended March, saying revenues and earnings per share would be below projections.

"Without a significant amount of new and expansion units shipping, the industry is in a dogfight for market share on replacements," McGill said.

The prereleased Bally and WMS earnings foreshadow a gloomy forecast for Thursday's quarterly earnings report by slot machine giant International Game Technology.

"Consensus earnings-per-share growth for WMS and IGT are at risk for the rest of 2011 and 2012," McGill said.

There is clearly a negative investor sentiment toward slot machine manufacturers. There are also two trains of thought. Short-term investors are abandoning the sector. Long-term investors believe they can find some value hanging with the manufacturers for the long haul.

"It is no secret that replacement activity has been challenging in the March quarter," Credit Suisse gaming analyst Joel Simkins said. "We have heard from industry contacts of an uptick in recent periods and improved demand from tribal casinos."

For the big three -- IGT, WMS and Bally -- competition is coming from other fronts.

Konami Gaming, the American subsidiary of the Japanese-based Konami Corp., has quietly gained market share, while smaller companies such as AC Coin, Multimedia and Aruze continue to chip away at the bigger suppliers.