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Spotlight Article
Las Vegas Sands cuts bait 4/1/2011 (Las Vegas Sun) Attracted to the resort’s elegant surroundings, hushed atmosphere and perks such as free hotel rooms and entertainment discounts, California resident Joy Kane was a regular at the Palazzo, gambling thousands of dollars per trip as frequently as once a month. That three-year relationship ended two days before her scheduled arrival for a birthday getaway when her casino host called and said the resort wouldn’t honor the comped three-night stay she had reserved two months earlier. Instead, she could pay the regular hotel rate of $750 for those nights, the host said. “That’s fine if they want to stop comping rooms, but to cancel 48 hours before our arrival is shocking,” said Kane, who owns a renewable energy company in Palm Springs, Calif. “I’ll never stay there again even if they start comping me a room.” Late last year, parent company Las Vegas Sands boldly scrapped the promotional offers casinos typically mail to gamblers year-round to entice them to stay at their properties. The loyalty club still entitles players to free or reduced prices for amenities based on the number of points they accumulate gambling. But add-on promotions such as free hotel stays, gambling tournaments for prizes and discounts at restaurants and shows — key parts of the industry’s marketing machine — were gutted.  Read More
NJ legalises betting exchanges 1/1/2011 (EGR Magazine) New Jersey Governor Chris Christie yesterday signed bills to legalise exchange wagering and single-pool wagering, as part of a package aimed at propping up the Garden State’s ailing racing industries. Christie (pictured) said in a statement after applying his signature to bills S-2229 and A-2926: “These measures represent the next steps in following through on my administration's commitment to securing a strong, independent, self-sufficient horse-racing industry in New Jersey. We are providing new tools to help the industry implement new strategies, generate additional revenue and capitalise on interest in horse racing around the state.” A-2926 would allow the New Jersey Sports and Exposition Authority to contract with a betting exchange operator to provide this form of wagering in the state. Read More
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