Posts tagged nevada

How a Few Regulators Saved the Nevada Gaming Industry | Vegas Seven

In this week’s Green Felt Journal, I consider how strict regulation with room for discretion helped save Nevada gaming in the 1960s:

Sawyer’s “hang tough” policy emerged at a crucial time: Bobby Kennedy’s Justice Department would ratchet up pressure on Nevada casinos starting in 1961, and without the good-faith efforts of Sawyer’s appointees to clean house, more sweeping federal action seemed inevitable.

via How a Few Regulators Saved the Nevada Gaming Industry | Vegas Seven.

Olsen’s role is particularly important. If you ever at UNLV Special Collections, I strongly suggest reading his oral history.

Is Nevada Moving Away From Gambling? | Vegas Seven

In this week’s Green Felt Journal, I consider the 150-year history of Nevada and gambling, and wonder what the future will hold:

The original match wasn’t exactly a marriage of convenience, but it wasn’t a forbidden romance, either. When Nevada joined the Union in 1864, it soberly criminalized the gambling that had been rampant—as it was virtually everywhere in the West—during its territorial days.

via Is Nevada Moving Away From Gambling? | Vegas Seven.

I wanted to make the point that Nevada’s relationship with gambling has never been about gambling–it’s usually been about something else, whether it’s Western-style personal liberty or economic development.

For Online Gaming, Slow and Steady’s Just Right | Vegas Seven

In this weeks’ Green Felt Journal, I consider whether a “slow” rollout of online gaming in the U.S. is such a bad thing:

Beyond the neon of Nevada and Atlantic City, gaming used to be something the nation spoke about in either whispers like that cousin who never made good or screams like that cousin who never made good and was coming to town to spoil your sister’s wedding. Now, though, online gaming is the subject of serious—and generally calm—discussion. Some bemoan its potential negative effects; others lament the meager trickle of revenues to date. Still others offer both, seemingly contradictory, reactions. But the real news is that there hasn’t been much to either complain or crow about: The rollout of online play has been largely uneventful—and that’s a good thing.

via For Online Gaming, Slow and Steady’s Just Right | Vegas Seven.

The fact that online gaming has been running in the U.S. for over a year–even at a small scale–is, I think, a pretty interesting story.

Cal-Neva Confidential

In the 1930s, North Shore Lake Tahoe’s Cal-Neva Lodge, owned by James McKay and William Graham, was notorious for reportedly hosting gangsters like Baby Face Nelson and Pretty Boy Floyd.

Learn more about the Cal-Neva, which was later owned by Frank Sinatra, in Roll the Bones: The History of Gambling

Go here to read an excerpt from the book, or learn where to buy your copy.

Bad Debts in Las Vegas

For years, Nevada casinos could not legally collect debts from gamblers they’d extended credit (or, in the industry parlance, given markers) to. That changed in 1983, when the state legislature amended the law to allow casinos to prosecute deadbeat marker-takers for writing bad checks.

That’s one of the interesting facts about the changing legal face of Nevada gambling you’ll learn  in Roll the Bones: The History of Gambling

Go here to read an excerpt from the book, or learn where to buy your copy.

Today in history–March 19, 1931

It’s one of the big ones: on March 19, 1931, Nevada governor Fred Balzar signed Assembly Bill 98 into law. That’s the measure that made it legal (once more) for Nevada gambling halls to offer commercial gambling (games line faro, craps, blackjack, and slot machines) to the public. With a stroke of the pen, Nevada’s gaming industry was born.

You can learn much more about the growth of gaming in Nevada in Roll the Bones: The History of Gambling

Go here to read an excerpt from the book, or learn where to buy your copy.

Reno’s Big Fight

The first major event held in Reno after the March 1931 legalization of commercial gambling was the Max Baer-Paolino Uzcudun heavyweight boxing match held on July 4, 1931.

You can learn more about the origins of Reno gambling in Roll the Bones: The History of Gambling

Go here to read an excerpt from the book, or learn where to buy your copy.

Nevada’s first governor on gambling

Nevada’s first governor, Henry Bladsel, wasn’t a fan of gambling. He called it “an intolerable and inexcusable vice” after taking office in 1864, and he convinced the legislature to strengthen penalties against gambling.

That didn’t stop Nevadans from gambling, and in 1869 the legislature passed a law legalizing gambling. Over Bladsel’s veto. The rest is quite literally history.

You can read the entire story of Nevada gambling in Roll the Bones: The History of Gambling

Go here to read an excerpt from the book, or learn where to buy your copy.

Poker’s Perilous Perch in Vegas Seven

In this week’s Green Felt Journal, I take a look at where poker stands in September 2012. On one hand, live poker’s been on the decline for a few years. On the other, online poker is, some feel, going to transform the state’s economy. Here’s where we are:

Nevada poker is in an odd place. On one hand, poker room revenues have declined by 21 percent since 2007, and several casinos have downsized or closed their poker rooms, including the Tropicana on Sept. 11 . On the other hand, some are counting on online poker to revitalize Nevada’s gaming industry. As summer slides into fall and we get ready for online poker to go live next month, where is poker in the Silver State heading?

via Poker’s Perilous Perch | Vegas Seven

.I have a feeling that this is a column that, a few years from now, I’ll look back on and say, “If only you knew….”

In other words, I have a feeling that things are going to be changing in a big way, and it’s difficult to see exactly how the chips are going to fall.

Looking beyond baccarat in the Las Vegas Business Press

I’ve got a new column in the Las Vegas Business Press today, about the possibly diminishing impact of baccarat:

With the recent release by the Gaming Control Board of the December 2011 Gaming Revenue Report, we can understand what happened to Nevadas gaming industry in 2011, and where the state is headed in 2012.Overall, it wasnt a bad year for the state: Total gaming revenue increased by nearly 3 percent. That hardly matches the boom years of the 1990s, but its the second straight year of revenue gains. As has been the case in recent years, the Strip powered most of the gain, with an overall increase of more than five percent. With visitation rising to near-record levels, this signals that the recession in Las Vegas tourism is over.

via Las Vegas Business Press :: David G. Schwartz : Looking beyond baccarat will serve Nevada best.

The 2011 numbers had some interesting paradoxes, and I think that the fluctuating nature of baccarat in the state’s gaming mix is certainly one of them.