Sharks Of Gambling Industry – Part 3

Donald Trump
Successful businessmen rarely limit themselves only to one type of entrepreneurship. He is the CEO of Trump Organization, an American-based real estate developer in the premium real estate market and the founder of Trump Entertainment, which operates gambling casinos. Gambling industry often serves as a good support for main business. This is how the famous American billionaire and politician Donald Trump uses the gambling industry. Trump began his career at his father’s company, the Trump Organization, and initially concentrated on his father’s preferred field of middle class rental housing.

The range of Trump’s interests is very wide, first of all, it is real estate, mass media, restaurants. It is not surprising that such a multifaceted entrepreneur became also interested in gambling industry. Understanding that practically all niches in Las Vegas are occupied, Trump paid his attention to the developing Atlantic City. It is there that he founded three casinos. Now Trump owns «Trump Taj Mahal», «Trump Plaza» and «Trump Marina» in Atlantic City. The fortune of Donald Trump is 2.6 billion dollars, he occupies the 278th position in «Forbes» world rating.

Calvin Ayre
Swift development of IT technologies influences practically all spheres of human activities. Gambling business is not an exception. Now one can play club poker, make bets on the results of sporting events via the internet without leaving home. The pioneer of online gambling was Calvin Ayre. Calvin was born in 1961 in Canada. In student years he worked up selling fruit. Having thus earned 10 thousand dollars, he organizes a company that specializes in IT technologies.

Perhaps, now he would also be engaged in developing, for instance, software, if once upon a time he came across an article that described business that accepted bets via telephone. After reading it Calvn decides to change the profile of his enterprise. In 1994 he creates «Bodog Entertainment Group». Believing in the potential of the computer network Internet, he starts to develop his business specifically in this area. With the help of web portal bodog.com for the first time people were able to bet online, and then play in casino and club poker. In March 2006 Calvin’s photo appears on the cover of «Forbes», he becomes the first online casino games businessman who made his way into this prestigious magazine. According to “Forbes», Calvin managed to earn 44 million dollars, with this sum he occupies the 746th place in «Forbes» world rating.

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Gaming/Gambling Big Business or Big Hoax

Gaming and Casino gambling is the ultmate big business….no more illegal mobster dealings. They have all cleaned up their acts and incorporated themselves. They are a legitimate business now. Casino gambling has been the big rage for an entire century and it shows no sign of slowing down. As with many activities that man is involved with there are many facets to gambling. In Texas, if you buy one of their scratch-offs, you are helping to educate the school children in that state. When the legislators decided to legalize that form of gambling in the state, you see casinos are a no-no in Texas, the public was led to believe that a majority of the funds would go toward education. This did not prove to be the case. The students might net a measely twenty percent. However, big money is being made from scratch-offs. Who are the losers? What are your chances of winning from scratch-offs? It’s unbelievable odds.

Yet, underpriviledged, sometimes undereducated, individuals seem to spend a disproportionate amount of money on scrath-offs. Vegas is bigger and better than ever. Yes it controlled by the people once called the Mafia. The money left at the gaming tables and in the slot machines on any single day could rebuild New Orleans. More than 65 million peole participated in this sport yes, consider it a sport, last year here in America. Around the world there were Canadians, Mexicans, and just about every nations’ citizens participating in some form of gambling. People with money and people without money are making gaming/gambling a mega business.

From kitchen poker games to ball games of all kinds, and horse betting and dog betting to dominoes more people participate in gambling than in any other sport. The biggest draw in the world of gambling is casino gambling. Everybody dreams of winning the mega bucks. The casinos will allow a lucky player to win big money sporadically. The newspaper headlines spread the news “Ten Million Dollar Jackpot won on Dollar Machine.” Just the headlines suckers need to see. They will keep coming …knowing that the machines are programmed, but feeling so lucky that they know that they will be the next big winner. By the time one realizes that this is not his lucky day, he has spent the mortgage, the grocery money and has forgotten about the baby’s milk. Who’s the loser?

Online Casinos Have to Fight The Ferocious Bingo Machine

More and more of the gambling public are turning their backs on online casinos to try and ply their trade at online bingo. Obviously, online casinos are now providing their own form of a bingo buzz but it will take time before they attract the type of numbers that are associated with the bingo big boys of the gambling sector.

Those that concentrate purely on bingo will always attract more bingo players than those that concentrate of full on casino gambling. They may have a bingo game available but they also have table games, poker and online slots to lure potential and would be players.

Bingo has a faster set up rate. You find the bingo room you are looking for, sign up and play, whereas with online casinos you may not yet know exactly what game you are likely to play or even stick with on a long term basis. This makes bingo an easy gamble (no pun intended!) as you know what you are going to get, anything after that is just a bonus. The other main attraction of bingo is the large chat rooms and forums available, you have the time to chat, and with forethought can afford to chat whilst playing or not. When sat at a blackjack table however, the last thing you want is something in the corner of your eye flashing up and down showing who is chatting to who and who has won what.It simply isn’t feasible at online casinos.

A certain article in The Times today (22nd June 2009) advised that almost 20% of bingo as a whole is now played online with
admissions being the major factor, the more you have playing, the more there is in prize money. Another reason that online casinos will find it hard to compete as an increase in blackjack or roulette players does not increase what you could win if a ball lands on 8 black.

The only real option that online casinos have, and, could possibly deliver on, is to branch out. Many have done this with good effect. Virgin Games for example were once purely an online casino, but have now delved into the online bingo market with Virgin Bingo.

Each online casino will want a nice slice of the cake and those that take longer than others will be most affected when it comes to how much of a slice each casino takes.