Expanded Gambling Won't Be a Windfall: Silver

(NEWSER) - Casinos are making big bank off the tiniest—and oft-most derided—denomination, USA Today reports. Gambling outfits have added penny slots at an amazing rate—in the last 2 years, Nevada has removed 12,000 more costly machines to make room for 7,000 penny slots—and the move has paid off. In Missouri, for example, penny bets make up 42% of the total and a whopping 63% of casino profits. More»

(NEWSER) - The Delaware State Senate has approved a bill legalizing sports betting and allowing casinos to operate table games like roulette, the News Journal of Wilmington reports. The governor, seeking to close a gaping budget gap, will sign the bill this week. The measure sailed through the senate after a pitched battle in the house that resulted in many changes. The state’s casinos lobbied hard against it. More»

Vegas prepares for 'cutter' scam

(NEWSER) - Las Vegas casinos are readying their defenses against a group of baccarat cheaters, the Las Vegas Sun reports. The group, known as "cutters" and described by police as "extremely well-organized," are thought to have stolen tens of millions from casinos worldwide. They take advantage of the baccarat custom in which the dealer allows a player to cut the deck after shuffling. Using a tiny camera embedded in a sleeve or cufflink, the "cutter" spreads the cards slightly, videotaping their suit, value, and order. More»

Vegas defenders: This time sorry isn't good enough

(NEWSER) - When President Obama said yesterday that families saving for college shouldn't blow money in Vegas, it was the second time he'd singled out Sin City as an example of excessive spending—and his words came as salt in the wounds of a tourism-dependent city hit hard by the recession. "I'll do everything I can to give him the boot," the Las Vegas mayor told the AP . "This president is a real slow learner." More»

Northeast, Midwest would lose seats if today's census was used

(NEWSER) - The South is gaining population and power at the expense of the Northeast and Midwest, according to Census Bureau estimates released yesterday. If House seats were distributed based on the estimates, which are believed to be a strong predictor of the 2010 census results, Texas would be the big winner, gaining three seats, with Arizona, Florida, Georgia, Nevada, South Carolina, Utah, and Washington each adding one. More»