The transformation of the venue began in early last year.
Caesars Entertainment has completed the rebranding of the former Bally’s Las Vegas.
After several months of updating all signage, Caesars Entertainment marked the completion of Horseshoe Las Vegas‘ rebranding from Bally’s Las Vegas with a ceremony. The casino’s name was changed back in December.
During the reception held for invited guests, Jack Binion, a gaming icon whose family founded the original Horseshoe Casino in downtown Las Vegas in 1951, presented a commemorative horseshoe from his family. Among the attendees was Jack Effel, the Vice President of the World Series of Poker, and the reception was hosted by Jack Binion’s Steak.
As part of the renovation, the casino now boasts a 180-foot-tall marquee, a 7,000-square-foot arcade venue, and several dining options including Jack Binion’s namesake steak restaurant and Chef Martin Yan’s “Yan-tastic” M.Y. Asia restaurant. Additionally, the World Series of Poker Hall of Fame Poker Room, featuring 18 tables, has been added. The venue is set to host the World Series of Poker from May 30 to July 18, which has been a popular event since its first tournament was played in 1970 at the original Horseshoe Casino in Las Vegas.
According to Jason Gregorec, the Senior Vice President and General Manager of the property, the introduction of Horseshoe on The Strip is a major milestone for Caesars Entertainment, the Horseshoe brand, and the entire destination. He expressed his excitement for guests to enjoy the redesigned resort and its latest offerings, while also expressing pride in reintroducing the historic gaming brand to Las Vegas.
The arrival of Horseshoe on The Strip marks a significant moment for Caesars Entertainment, the Horseshoe name, and the entire destination. Not only are we excited for guests to experience the redesigned resort and its latest offerings, but we are also proud to reintroduce the historic gaming brand to Las Vegas.”
BetMGM poker championship to be held at Aria Casino
BetMGM, the sports betting and iGaming operator of MGM Resorts International, has revealed that the BetMGM Poker Championship will take place at the Poker Room in the Aria Resort & Casino in Las Vegas for the second year in a row. Scheduled to run from June 9 to 13, the final table of the event will be broadcast live from the PokerGo Studio.
Scheduled to coincide with the 2023 Aria Poker Classic, the tournament will take place during the event, which begins on June 8 with a Mystery Bounty event.
Transforming the UK’s Online Gambling Landscape
The introduction of spin limits for online slots by the UK government is more than just a regulatory adjustment; it’s a bold stride towards a safer, more responsible gambling environment. With a nuanced approach that considers both the welfare of players and the economic realities of the gambling industry, this regulation could serve as a blueprint for other jurisdictions grappling with similar issues. As the details of this regulation are unveiled, it will be imperative for all stakeholders to collaborate, ensuring that the benefits of safer gambling are realized for all involved.
Revolutionizing Online Gambling for Enhanced Safety
In a landmark decision poised to reshape the contours of online gambling, the UK government is set to introduce a spin limit for online slot machines. This pivotal move not only marks a significant milestone in the regulation of online gambling but also underscores the government’s commitment to fostering a safer and more responsible gaming environment. As anticipation builds, the gambling community and stakeholders await what could be a transformative regulation, set to align online slots with their land-based counterparts in terms of betting limits.
The Genesis of a Groundbreaking Regulation
For years, the conversation around gambling regulation in the UK has been intensifying, with a keen focus on the digital sphere. The advent of online gambling has brought with it unprecedented accessibility and convenience, leading to a surge in popularity. However, this growth has not been without its challenges. Concerns over problem gambling and the need for more stringent controls have been at the forefront of regulatory discussions. It was against this backdrop that the UK government embarked on a comprehensive review, culminating in the publication of a gambling white paper in April last year. This document laid the groundwork for what would become a highly anticipated regulation on spin limits for online slots.
Striking a Balance: The Proposed Spin Limits
The government’s proposal to introduce spin limits is not without precedent. In 2019, a £2 per spin limit was successfully implemented on fixed-odds betting terminals (FOBTs), a move that was hailed for its positive impact on gambling behavior. Taking cues from this, the proposed online slots regulation aims to extend similar controls to the digital domain. The expected dual-tier system, with £2 limits for under-25s and £5 for those older, represents a thoughtful approach to protect younger and potentially more vulnerable players, while still offering flexibility for adult gamblers.
The Economic Implications: A Balancing Act
The introduction of spin limits is not without its critics, particularly from within the gambling industry. The potential financial repercussions are a significant concern, with online slots being a major revenue generator. In the 12 months ending March 2023, online casinos in the UK generated £4bn, with slots accounting for £3.2bn of this total. The new regulation could, therefore, represent a substantial financial hit to the industry. However, the government appears to be prioritizing public health and safety over profit, a stance that is both commendable and necessary in the context of responsible gambling.
Navigating Challenges: The Road Ahead
The path to implementing these new regulations has not been without its hurdles. An error in the original consultation documentation regarding problem gambling rates among 16 to 24-year-olds led to an extension of the consultation period. This hiccup, however, has not deterred the government’s resolve. The corrected data, showing a problem gambling rate of 0.8% in this age group, reinforces the need for targeted measures to protect young adults from the potential harms of excessive gambling.
A New Era of Responsible Gambling
As the UK government gears up to announce the new spin limits, the move is being watched closely by both proponents and opponents of the regulation. For supporters, this represents a significant step forward in the fight against problem gambling and the promotion of safer gambling practices. Critics, particularly those from the gambling industry, worry about the financial impact. Nonetheless, the overriding sentiment is one of cautious optimism. By striking a balance between protecting vulnerable players and sustaining a vibrant gambling industry, the UK can lead the way in responsible online gambling.
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