Russian casinos closing

Casinos in most of Russia are about the close. From BBC News:

Gamblers in Moscow and other major Russian cities are placing their last bets ahead of a government ban on casinos and gaming halls.

A new law comes into effect at midnight, confining gambling to four regions far from the capital.

It bans gambling on the internet and at airports, supermarkets and other sites.

But critics say the move will leave more than 300,000 people without jobs and push the industry underground, amid a continuing economic crisis in Russia.

Unrealistic idea

The law was passed by the Russian parliament in 2006 and was the initiative of the then President Vladimir Putin, who is now serving as prime minister.

From 1 July, Russian gamblers will be restricted to specific zones in the Kaliningrad region by the Baltic Sea, the Primorye region in the Far East, Altai in Siberia and an area in the south spanning the Rostov and Krasnodar regions.

The dedicated gambling zones require massive investment, and critics argue that they are far from ready.

via BBC NEWS | Europe | Russian city gamblers last bets.

This might be the biggest rollback of a legal (though under-regulated) national gambling industry yet.

Gambling history in Colorado

Colorado casinos are getting ready to start play with more games and higher betting limits. From the Colorado Springs Gazette:

At the Colorado Grande Casino in Cripple Creek, the last security cameras are being placed over the roulette table.

At Bronco Billys Casino, gamblers are laying wagers on blackjack table in the new table games pit.

At the Wildwood Casino, general manager Kevin Werner is planning a pajama party to welcome the changes taking effect at the stroke of midnight Thursday morning.

Thats when the first dice will tumble on the craps tables, the roulette wheel will spin, and bettors will lay down Cripple Creeks first $100 wager. Like the stakes, anticipation is high and a lot is riding on the states Amendment 50 bet.

The changes Colorado voters approved by a wide margin in November could make Colorados three gambling towns destination attractions, high altitude Vegases drawing in the high rollers. At the very least, casino owners and workers are counting on the new games and limits to reverse the slide that started last year.

“Its history,” said Eric Rose, general manager of the Colorado Grande. “Its the biggest thing to happen to Colorado gaming in 17 years.”

via State to launch new games, new limits on Thursday – Colorado Springs Gazette, CO.

I just hope that they keep the popcorn. Colorado casinos are the only ones I’ve ever been in that have complimentary popcorn. It’s the saltiest popcorn I’ve ever had in my life, but it’s still popcorn, which means that it’s good.

On a more analytical note, it remains to be seen if the newly-liberalized gaming rules bolster revenues. This is still a regional market, at best, which isn’t so bad these days, since regional markets are facing the recession better than destination ones. Also, the industry is still pretty small, with gambling only in 3 towns. This may be more of a case of Colorado becoming another Indiana, not another Nevada, or even Mississippi.

New UNLV podcast: Poker and Capitalism

I’ve put up today’s Gaming Colloquium lecture as a podcast. You can listen to it here or subscribe in iTunes.

You know, I don’t think Steve Cyr used the word “zeitgeist” in his talk, and Bjerg didn’t once mention boozed-up high rollers. That’s what I like about this speakers’ series–we can hear a real diversity of viewpoint and opinion. I’ve got talks on casino surveillance and Macau penciled in for next year, as well as whatever the research fellows are going to be presenting on.

Book Review: Ripped

Greg Kot. Ripped: How the Wired Generation Revolutionized Music. New York: Scribner, 2009. 263 pages.

In the past ten years, the music industry has seen a revolution in marketing and distribution that’s truly unprecedented. In Ripped, Greg Kot describes the upheaval and tries to make sense of its meaning. He starts by describing the how the industry became, in the 1990s, “Consolidated to Death” thanks to mergers and acquisitions that concentrated the $14.6 billion-a-year industry in the hands of five huge corporations. Since these companies were driven to maximize shareholder value rather than foster musical or creative excellence, this led to pressure on bands to score immediate hits and made long-term career-building an impossibility for new artists.

But while the industry was becoming more concentrated, new technologies were threatened to undermine it. The entertainment conglomerates were successful because they had capital to underwrite expensive recording sessions and costly promotional efforts and the connections to secure radio and video airplay. The rise of the Internet in the 1990s began to undercut this dominance, then with the debut of Napster and succeeding file-sharing sites, completely overturned it.

The Internet changed music, Kot argues, by cutting out the middle-man. Whether this leads to a more diverse, more creative music scene or merely the substitution of one set of tastemakers for another remains to be seen.

On one level, file-sharing devastated the industry by making it possible for listeners to download music for free, rather than buying it. But this was only an accelerated version of music-sharing that had been going on since the introduction of the cassette tape, a process that was made quicker and easier by CD ripping and then moved into the digital age by using the Internet to swap mp3 files.

On the other, it undercut the stranglehold on opinion previously held by print magazine like Rolling Stone. Fanzines had been circulating for years, but they were expensive to produce and had minuscule readerships. Internet critics, on the other hand, were constrained only by their ability to listen to and opine on new music: uploading their reviews immediately and without much expense, they could be read by thousands. This led to a new critical presence, online sites and later blogs like pitchfork.com, which Kot profiles extensively.

Finally, the Internet let bands communicate directly with their fans, bypassing the record companies. The turning point, Kot argues, came in Fall 2001, when the band Wilco streamed its new album Yankee Hotel Foxtrot for free on its website after record label refused to release it. Other established artists, from Prince to Radiohead, took similar steps to sell or provide music directly to listeners, and lesser-known groups seized on online radio stations and sites like YouTube, MySpace, and Facebook to get their music to potential fans.

Kot does a good job of chronicling the transformation of music in the Internet era, though there is a strong emphasis on alternative indie rock (Arcade Fire, Bright Eyes, and Death Cab for Cutie are some of the bands profiled) and mash-up artists, to the exclusion of other genres. There’s also the nagging sense that the new musical order will not, when all is said and done, lead to greater freedom for artists or a better selection of music for fans to choose from: it will merely result in the exchange of one set of gatekeepers for another. Does it really make a difference whether it’s an editor at Rolling Stone or at pitchfork.com who refuses to review a new album?

On the whole, it’s a good read that presents an in-depth view of the Internet era, focused on the alt rock scene. If your idea of good music is more Clint Black or Grover Washington (or anyplace in between), you might feel a bit like you’re reading about a foreign country whose language and customs you don’t really understand. For those interested in this kind of rock music and the influence of technology on culture, though, Ripped will be both rewarding and thought-provoking.

In my own reading, I was struck by some parallels and several divergences from the gaming industry, which is similarly concentrated and facing and similar leap to the digital frontier, but which is not subject to the same centrifugal forces as music, chiefly because the industry is organized around major resorts. Since ownership of them is more dictated by financial markets than technology, the Internet has not impacted the mainstream gaming industry to the same extent as music, though its effects on ancillary betting forms, particularly poker and sports betting, has been immense.

I may develop these thoughts further, but 760 words is enough for anyone in one day, I think.

Book review: Lost River Anthology

Richmond Shreve. Lost River Anthology (Rites of Passage). Cape May, New Jersey: Cape Island Press, 2009. 146 pages.

This is new ground for me: the first person I’ve had in a workshop or class who’s published a book. Richmond Shreve was in my creative non-fiction workshop a few years ago at the Winter Getaway, and I got to see a few of these pieces in process. It definitely provides a different outlook for reviewing the book.

Lost River Anthology is a collection of short stories that Shreve has written over the past nine years. They aren’t related, but do share some themes: reckless youth, the wisdom and perspective gained by getting older, the beauty of nature. The stories are fiction in the sense that the characters and situations have been altered or invented, but they certainly speak to deeper emotional truths that Shreve has learned.

This collection is series of thoughtful meditations that, when read together, speak to each other in surprising ways. Shreve is a writer who’s not afraid to explore the frailties and insecurities that make characters complex, or the beauty that’s often hidden in the world around us.

Some of the stories, like “Slammin’ Leap,” “Love’s Ghosts,” and “Getting Lucky,” are about young characters, viewed through a sometimes-wistful, often wiser lens. Others, like “Fire Truck Man” and “What Do I Know,” are about older characters coming to grips with changing worlds.

My favorite is “The Junket,” which is also the longest and, to my eyes, best-developed piece in the collection. It’s about a young man who flies out to Las Vegas with his fiancees father on a gambling junket. Here, Shreve recreates the Las Vegas of the 1970s with many small details and asides that make the piece real. We see that, with enough money to gamble, a man can be a king in Las Vegas…but we also see that wearing the crown has a price.

New look

It looks like this is going to be the new look of this site for a while. I’m pretty busy with other projects so I don’t have the hours I need to work on the thorough redesign, and there’s only so much sleep you can miss before it catches up with you. I might adjust the colors a bit this weekend, but I think I’m OK with the general look. If something doesn’t work (I haven’t even looked at this in IE), I’d appreciate the feedback.

Book Review: The King of Vodka

Linda Himelstein. The King of Vodka: The Story of Pyotr Smirnov and the Upheaval of an Empire. New York: Collins Books, 2009. 400 pages.

Nineteenth-century Russia was full of both cataclysm and opportunity. As in the the United States, there were profound changes to the social and political structure. And, as in the United States, some of those who benefited from these changes became extremely wealthy.

One such man was Pyotr Smirnov. Born a serf, he took advantage of the opportunities provided by Alexander II’s emancipation of the serfs and Russia’s growing economy to create a vodka empire. Himelstein does a wonderful job of recreating the world that Smirnov grew up in and came to dominate, drawing on extensive research in Russian archives, memoirs, and other contemporary accounts of Smirnov and his times.

Smirnov didn’t have an unopposed march to riches. When he started making vodka in 1864, the vodka field was crowded with competitors, bootleggers and counterfeiters who made his building a brand more difficult. There was also a developing anti-alcohol movement that, supported by writers from Chekhov to Tolstoy, lambasted vodka makers for ruining the Russian people body and soul.

As a result, Smirnov spent much of his time doing religious and charitable work in an effort to forestall criticism. He also had to devote a great deal of energy to courting imperial officials, as receiving the imprimatur of the tsar was the best–and in those days, only universally understood–stamp of approval. Smirnov also triumphed at the international expositions held in Paris, Philadelphia, and Chicago, where his vodkas and liqueurs received high honors.

Towards the end of his career, Smirnov also contended with several plans to have the imperial government monopolize the vodka trade, both to increase revenues and to curtail drinking–two mutually exclusive goals. The monopoly only came to pass after Smirnov’s death, when his three oldest sons took over the business.

The author really immerses the reader in the culture of Russia at the time, allowing us to understand what kind of man Smirnov was. She doesn’t end the book with her protagonist’s death, instead following the unsuccessful reign of his sons and the eventual revival of his brand as US-based Smirnoff vodka. Her chief strengths are her comprehensive research and her faithfulness to her sources. For some, these may be weaknesses. This is not, by any stretch of the imagination, a novelistic telling of the story. There is very little dialogue, as most of the writing is simply a synthesis of the source material, which doesn’t include any words spoken by Smirnov or any records of his thoughts.

It’s an extremely informative biography, though, and one that’s sure to appeal to those who enjoy reading about both Russian and business history–or those who just like vodka.

This looks different!

I upgraded WordPress to version 2.8 this morning, after having put off every upgrade since 2.5. Everything went fine (or so it seemed), but after the installation was complete, I had a blank page here. There’s some kind of problem with the custom theme I’ve been using, so I’ve adopted this theme temporarily.

All the same content is here–it’s just a new look. I’ve been wanting to update the look anyway, so this gives me a real incentive.

Rent-a-Car slots

If you don’t get your slot jones on in the airport and can’t wait to get to a casino, you will soon be in luck: the county commission has approved a proposal for slots at the unified car rental center, even though the bid seems a bit high. From the LVRJ:

Anxious to get revenue wherever they can find it, Clark County commissioners approved a construction proposal that will make way for slot machines at an airport rental car facility despite a recommendation to reject all the bids.

Commissioners voted unanimously on Tuesday to approve a $375,553 bid to complete office space at the Rent-a-Car Center at McCarran International Airport even though the bid was 41.6 percent higher than an engineers estimate of what the job should cost.

The office space is important in terms of generating revenue because it will house an area to supervise slot machines, a requirement under Nevada gambling regulations.

Slot machines are a major revenue-generating concession at the airport, earning about $38.5 million from more than 1,300 slot machines in the last fiscal year. Operating revenue for the entire year at McCarran and four smaller county airports was $376 million.

Officials hope to install 40 slots at the Rent-a-Car Center, although they dont have an estimate of how much money they will generate. With the vote Tuesday, the project could be complete by fall.

County approves Rent-a-Car Center slot machine bid despite cost – Business – ReviewJournal.com.

I crunched the numbers and got a win/slot/day of about $81 for the airport slots–way lower than the Clark County average, but not too bad for an operation with minimal overhead.

A commissioner spoke of the need to get the slots clanging as soon as possible. According to my calculations, if we assume the same win/slot/day metric for car rental slots as airport slots (which is being a bit generous, I think), with 40 slots online, each day that the car rental slots aren’t up, the county loses $3240 in revenue. If taking a re-bid would push the slot opening back by a month, this is about $100,000 in revenue that will be “lost.”

But wait–according to their engineer’s estimate, the job really should cost 41.6% less than the high bid, or, according to my arithmetic, $219,355.95, which is $156,197.05 in real cash money that the county is overpaying.

If putting it out to bid meant a month’s delay but produced a bid in line with the engineer’s recommendation, the county would save about $56,000, which I think they could definitely use. That’s salary + benefits for a full-time employee who could be out there working (or not).

And that’s assuming that car rental slots are as profitable as airport slots. I don’t think they will be, because people at the airport are a captive audience–they have an hour or two to wait for their plane to take off, and nothing they do will make it take off faster. They don’t have anything to do but sit around and wait. People waiting for rental cars, though, have to stand in line. I don’t know many people who’ve been on a plane for hours and are loaded down with luggage who’d rather play 8/5 Double Double Bonus Poker than get their car and get to their hotel.

If the actual win/machine/day is substantially below that of airport slots, that makes this an even bigger waste.

It’s funny that a guy with no vested interest in the project and about five minutes to spare was able to come up with some estimates of how much money the slots could make, based on nothing more than information included in the article and basic arithmetic, but the public officials who are charged with safeguarding the public interest–and taxpayer dollars–”don’t have an estimate” of how much the slots would generate so they accepted a bid that was far higher than their own experts suggested was tenable.

Interactive gambling map

Connected to this WSJ article about the NFL not liking sports betting, there’s a pretty neat, though somewhat vague, interactive map of American gambling:

The NFL Doesnt Want Your Bets – WSJ.com.