Bookmark Website  | Free Registration  | The Team
The Lounge  | Champions  | The Wire |  Schedule |  Audio  |  Arcade  |  The Top Ten  |  Historical  |  Email  |  Video

The Slot Machine


The very first slot machine (called 'Liberty Bell') was created by a man called Charles Fay from his workshop in San Francisco in 1887. Slightly smaller than today's average slot machines, Liberty Bell contained 3 reels and 20 symbols and operated pretty much in the same way as today's slot machines. Within a relatively short period of time, Fay's creation became so popular and successful that he began to work overtime in his workshop to meet the demand for his slot machines. Capitalizing on their success, Fay rented the machines to gambling establishments at a 50% commission rate, refusing to sell the manufacturing and distribution rights of his slot machines to gambling manufacturers.

In 1907, Herbert Mills, a Chicago manufacturer created 'Operator Bell', a slot machine similar to 'Liberty Bell' in design. Produced and distributed at a greater rate than Fay's 'Liberty Bell', the 'Operator Bell' slot machines experienced even greater success and by 1910, slot machines were very common in the United States of America. As soon as slot machines had reached a new peak in popularity and became common throughout the USA, new laws were introduced and passed to ban slot machines. In spite of this, slot machines continued to be popular throught America during the 1920s and 1930s. During the late 1940's, Bugsy, a well known gangster, added slot machines to his Flamingo Hilton hotel in Las Vegas where the profit from slot machines eventually exceeded that of table games.

The objective of the slot machine is to try and spin a winning combination of symbols on the payline.

There are basically two types of slots.

Straight Slots: A Straight slots jackpot will remain at a set amount of money until it is won, after which it resets and starts over again at that same amount. For example, a straight jackpot may be set at $20,000 and will remain at $20,000 until it is won, no matter how many coins are deposited into the slot machine.

Progressive Slots: On the other hand, the amount of money that may be won playing progressive slots is determined by the amount of money deposited into the machine. Thus the progressive jackpot continuosly increases with each player until it is won.

To play straight or progressive slots, the player deposits a coin or set of coins into the slot machine and selects the number of coins to bet per spin. The player may then either press the 'Spin' button or pull the arm of the slot machine to spin the reels. Once the reels stop spinning, the player will either win or lose that spin. Whether the player wins or loses, he may 'Cash Out' his share of money from the machine or continue to play.

Today, slot machines are amongst the most popular games found in casinos, accounting for over 30% of casino profit. This is due to a number of reasons.

(1) Slot machines are very easy to play and require no real test of skill or knowledge. A player simply deposits coins into the machine and presses a button. Once the reels stop spinning, the machine will alert the player if the winning combination is struck or not.

(2) There is no pressure to play against or interact with other players as one may do in games such as Roulette, Blackjack, Baccarat and Poker.

(3) There is no risk of someone trying to cheat during the game or of the dealer making an honest mistake during a bet.

(4) There is no time frame for one to make the next move. A slot machine may be played at one's own pace without the player feeling the need to hurry because someone else is waiting for his/her turn.

(5) The game is played with real money and not casino chips. This makes the game much more exciting in the sense that the player has the opportunity to gamble with real currency.

(6) The payout is instant and can sometimes run into the thousands of dollars, especially if one is playing progressive slots.

For these set of reasons, the slot machine is currently one of the most popular games found in a casino.

Adel Awwad is the webmaster of Free Casino Cash Guide.


MORE RESOURCES:

Las Vegas Review-Journal

Future of casino gambling in SE Mass. the topic at Gaming Commission meeting ...
The Patriot Ledger
... he runs Boston Marathon Monday ... Man exposes self in Norwell parking lot ... Future of casino gambling in SE Mass. the topic at Gaming Commission meeting today ... Future of casino gambling in SE Mass. the topic at Gaming Commission meeting today ...
Gaming Commission alters SE Mass. casino investment threshold, delays other ...Wicked Local Bridgewater
MGM wants Bay State regulators to slow fee collection for casinoLas Vegas Review-Journal
Anti-casino advocate: MGM's license request reflects lack of confidence in ...MassLive.com

all 113 news articles »


VIDEO: No Applicants for Saipan Casino Gambling License, Yet; Deadline to ...
Pacific News Center
VIDEO: No Applicants for Saipan Casino Gambling License, Yet; Deadline to Apply is Monday · Print · E-mail. Last Updated on Thursday, 17 April 2014 17:52 Written by PNC Saipan Correspondent Mark Rabago Thursday, 17 April 2014 17:24. Guam News ...

and more »


What's it take to apply for a NY casino gambling license: money and an ...
Albany Business Review
The state is imposing a tough, thorough and, officials say, transparent vetting process for awarding up to four licenses upstate, including at least one in the Albany/Saratoga region. The rules are understandable considering the lucrative nature of the ...



Casino gambling in Florida
Sun-Sentinel
Oops…the big international gambling conglomerates rolled snake eyes this session. It looks like they'll have to contol their appetites for another year while our Legislature gets its act together. Vegas-style gambling will undoubtedly rear its head ...



New Hampshire Business Review

Lure of casino gambling remains fool's gold
New Hampshire Business Review
Far from addressing our long-term fiscal challenges, the adverse financial, social and regulatory consequences of casino gambling would merely exacerbate them. Anybody with even a basic knowledge of finance or the casino industry knows that gambling is ...

and more »


SFGate

Indian casino gambling revenue growth is slowing, report says
Los Angeles Times
The economy may have dug itself out of the worst recession in a generation, but gamblers apparently are still reluctant to put their money at risk in U.S. Indian casinos. Gambling revenue at tribal casinos slowed in 2012, growing at a slower pace than ...
Alabama Indian casino gambling growth slowsTimes Daily
Report: Oklahoma tribal gambling revenue risesNative Times

all 307 news articles »


Philly.com

More states find bets on casino gambling aren't paying off as hoped
Crain's Cleveland Business (blog)
Thirty-nine states have casino gambling of some kind, up from only two in 1988, and more Las Vegas-style resorts are on the way in New York, Pennsylvania, Massachusetts, and Maryland, the news service reports. “They have saturation problems,” says ...
Local Casinos Are a Losing BetBusinessweek
Revenue growth slowing at Indian casinosFall River Herald News

all 50 news articles »


SFGate

Capital Beat: Reading the tea leaves on casino gambling (and more)
Concord Monitor
When a bill legalizing a single casino lost by 29 votes in the New Hampshire House two weeks ago, Steve Duprey, a leading anti-casino voice, called the vote a “silver stake” in the heart of casino proposals – a final defeat in a 16-year battle to bring ...
What dooms casinos: It's not the fine printThe Union Leader

all 378 news articles »


Newsmakers 3/21/2014: Ernie Almonte, casino gambling in Mass.
Providence Eyewitness News
On the second half of Newsmakers Providence College professor Dr. Patrick Kelly and UMass Dartmouth professor Dr. Clyde Barrow join Tim White and Ted Nesi to discuss the impact of casino gambling in Massachusetts on Rhode Island. From the fiscal to ...

and more »


Casino Gambling Bill Gets House Hearing Today
Patch.com
Casino Gambling Bill Gets House Hearing Today. The bill would legalize up to 5,000 slots and 240 table games at two casino locations. Posted by Dan Tuohy , April 10, 2014 at 05:45 AM. Comment4 2. More. Repost; Print this page · Email; Flag as ...
Revenue sharing offered in attempt to bring expanded gambling to NHNewHampshire.com
New casino bill before NH House committeeSeacoastonline.com

all 20 news articles »

Google News


Advertisement



Section Site Map - Submit News - Feedback - Comments - Advertise with Us

Copyright 2006 Luminati Inc. All rights reserved.