If you see yourself as a serious gambler, it’s probable that you bet on sports, other activities or poker, as all these things require judgement. Logic has it that if you play games of chance over a long period, you’ll lose. So games like bingo, slots games and casino games all have a house edge which dictates that – if you play on long enough – you’re sure to lose out. It’s the law of probability on which casinos are built. With poker tournaments, however, and with all forms of gambling on sports, there’s a far greater degree of judgement,…

Online Poker Report – Six weeks ago, I took my first real look at New Jersey’s six major poker sites. Since then, that number has been effectively reduced to five, as I can’t in good faith review a site that generates less monthly revenue than a lemonade stand does in a blizzard (at least Betfair’s NJ-based online casino is faring somewhat better). The rest of the Garden State’s virtual poker offerings have spent the past month-and-a-half jockeying for position, spending significant sums of money on partnerships, advertising and other marketing schemes in the process. Some networks, like Party Poker NJ,…

Las Vegas Review Journal – Lost in the heated rhetoric over the expansion of Internet gaming is a harsh reality. Legal online wagering has not been the financial windfall many analysts predicted. Initial returns from the three states that enacted Internet gambling laws are not overflowing the balance sheet. New Jersey’s online revenue is a letdown. Delaware’s figures are inconsequential. Nevada won’t break out online poker revenue on a monthly basis until at least three websites accept bets. The third site was unveiled last week, meaning February’s statewide gaming revenue totals — which won’t be known until late March —…

RGJ.com – Time was, gamblers didn’t even want credit card companies maintaining a record of their time in Las Vegas. Now, visitors want loyalty points from mainstream hotel chains for the days they spend holed up in Strip casinos. Casino corporations MGM Resorts International and Caesars Entertainment Corp. have both announced loyalty program partnerships with major hotel chains (Hyatt and Starwood, respectively). The independent Strip casino the Cosmopolitan is also partnering with a hotel chain, striking a deal with Marriott. The deals enable customers to earn and redeem loyalty points with both the hotel and casino chains, and also hold…

The Province – A businessman who lost $500,000 on table games at a Las Vegas casino on Super Bowl weekend is arguing that he shouldn’t have to pay because he was blackout drunk. Southern California gambler Mark Johnston, 52, is suing the Downtown Grand for loaning him money and serving him drinks when he was visibly intoxicated. Nevada law bars casinos from allowing obviously drunk patrons to gamble and from serving them comped drinks. Johnston’s attorney, Sean Lyttle, says the Grand, which opened last November in the old part of Las Vegas, intends to pursue Johnston for trying to shirk…

CBS – Bookmakers and organized crime members have long profited in the high-stakes world of illegal sports gambling. New Jersey is now appealing to the Supreme Court to legalize betting on games. The state hopes to collect millions. However, as CBS News’ legal analyst Jack Ford reports on “60 Minutes Sports,” the ruling won’t put the mob out of business. If it becomes legal, New Jersey Governor Chris Christie has said there would be strict state oversight, much like the way it works at his state’s Atlantic City’s casinos. But Angelo Lutz, who is a legitimate businessman and restaurateur, told…