Learn how to manage your money

It is not an easy assignment to compile a money budget for a casino trip and it’s even harder to keep to the limits when gambling is involved. Though gambling is a fun adult activity some of the time we gamblers get carried away our enthusiasm just like children. Sticking to your budget is not a hard task but it takes efforts, these efforts will not kill your fun and after the gambling is over and you’ll be on your way back home with no money lost, due to sticking to your budget, the entire trip will be a good one. The first step to ensure you a fun trip is to draw the lines. How much money can you afford to invest in the casino trip?

When you come to sum the numbers that will help you to design an economic budget for your trip take in mind a few things: Accommodation, transport costs, food, sites, services, tips for employee, presents and so on. Neglecting even the slightest section might burn a hole in your budget, an unwanted outcome. Gambling is one of the most important parts of a healthy budget.

The gambling part of the budget can be scrutinized into several numbers which are building like an upside down pyramid. At the top of the pyramid there’s the base which is the total gambling budget that can vary from tens to hundreds of dollars, all according to your financial state, but even if basic amount varies the important part is to set that amount clear.

Boyd’s first-quarter earnings

A back-taxes charge in Indiana offset a healthy performance at Atlantic City’s Borgata Casino resort as Las Vegas-based Boyd Gaming Corp. posted a drop in first-quarter earnings on Thursday.

The company, which operates the Stardust, California, Fremont, Main Street Station and Sam’s Town among other properties in Southern Nevada, reported net earnings of $13.5 million, or 20 cents a share, compared with $16.4 million, or 25 cents a share, for the same period a year earlier.

Excluding the tax charge and preopening costs of the Borgata a year earlier, the company’s earnings per share were unchanged at 29 cents. Earnings were in line with analysts’ expectations.

The company reported revenue of $330 million for the quarter compared with $321.9 million for the same period in 2003.

Gettysburg Borough

Gettysburg Borough Finance Committee decided to accept the $1 million in exchange for supporting the casino in Straban Township the committee announced Wednesday, August 9.

The Chance Enterprises was asked the committee to increase the $1 million payment if the casino’s profits increase as well.

Attorney Jeffrey Ernico, from Chance, told the committee last month that he will not have a hard time getting Chance to agree to a reasonable escalator clause.

Finance Committee Chairman, John Murphy, said “I think the entire council needs to look at this.”

The Final draft of the proposal will arrive Monday, August 14 said Borough solicitor Harold Eastman. At 7 p.m. of the same day, a work session is to be held to discuss the document a half-hour before the council meets.

Last April, the support for the casino proposal was voted the Gettysburg Borough Council in exchange for a share of profits to be guaranteed.

Last month the agreement was considered, the guaranteed $1 million that the Chance will give to Gettysburg Borough as its profit is approved. The Borough will be helped Chance to seek at least $2 million if public-share casino funds from the state.

Chance spokesman David La Torre stresses that the proposal is not yet final. He would not comment on the whether the language raising the borough’s yearly revenue would be in the grant proposal from Chance.

La Torre said, “We’re confident everything will be worked out. This project is going to provide more than $1 million to Gettysburg. It won’t just work out for Gettysburg. It’ll work out for everyone.”

Governor breaks two promises

“We can just call this a political two-fer Tuesday,” said Martin Cothran, spokesman for Say No to Casinos. ”The governor has broken two promises in one day. The first is his campaign promise that he was going to make sure the voters would get to approve expanded gambling legislation, and the second is the original promise of the Lottery legislation: that in voting for the Lottery, voters were not approving other forms of gambling.”

“Kentuckians are undoubtedly getting tired of broken Lottery promises,” said Cothran, referring to the promise that Lottery money was going to go for education, which it didn’t do for ten years.

Say No to Casinos has argued ever since the legislative session earlier this year that the voters did not approve video slots when they approved the Lottery. “The only thing voters approved in 1988 was the Lottery. There was nothing about video lottery slots on the ballot.”

“We can’t make the Governor keep his campaign promises, but he’s got to abide the Constitution.”

Cothran also pointed out that the Governor’s new bill is making more promises that it can’t possibly keep. “The Governor is claiming that in an economy in which people have less discretionary income to gamble that they are going to gamble four times as much. I’m no mathemetician, but I know that you can’t get more from less.”

Poker Machine Reforms Enforced

On May 17, 2007, the Independent Gambling Authority (IGA) enforced some regulations that will restrict the overall visibility of poker machines at public hotels and pubs.

They have urged Gambling Minister Paul Caica to take measures to cut the trading hours of the poker machines and the access of the customers to keno from usual retail spots.

Since their launch in July 1994, the electronic poker machines have influenced community habits and financial partners from SA and are the root cause of several problems. In 2006, the electronic poker machines produced a total of $750 million in total profits.

The state officials will receive over $307 million in total taxes this financial year. The state government has relied heavily on revenues from the machines where the Game Of Poker is played. The poker machines also depend on the goodwill of the state government.

The Independent Gambling Authority has exposed some of the important issues in their study of the practices in the gaming market.

Some changes, like the dangers of gambling and a progressive way to correctly identify gambling addicts, stopping loyalty programs, a restriction on the signs and the automatic dispensing machines are helpful and can be achieved with the cooperation of the market.

However, some important tips, like the shorter poker machines operations and a ban on keno sales in common locations, like the supermarket can only be realized with cooperation from the government.