The Delaware casino that is land-based is struck hard by increased competition from brand new areas in neighboring states, as the newer and shinier casinos of Pennsylvania and Maryland outperform its three struggling, and highly taxed, racinos.
Dover Downs is Delaware’s biggest and just publicly traded racino, but high domestic taxes and increased competition throughout the state line means hard times for the house while the state’s two other racinos.
The sector, which comprises Harrington Raceway, Dover Downs, and Delaware Park, peaked in 2006, the year Pennsylvania started issuing its very first casino licenses, when slot revenues hit more than $650 million. By 2016, slots and table revenues combined had plunged to $398 million.
Meanwhile, outfall from the new MGM National Harbor, which exposed in Maryland late final year, stands poised to be the final nail in the coffin. That property caused other casinos in Maryland and West Virginia to ramp up their own marketing drives, drawing even more customers away from Delaware’s ailing properties.
The three racinos cannot compete simply because they spend higher state taxes than their counterparts across the border, and they are begging legislators for help.
Taxed From the Market
This the Delaware’s Video Lottery Advisory Council (VLAC) met to discuss the status of Diamond State’s three casinos week. The council is tasked with advising government policy on gambling and could urge lawmakers to pass through a casino relief measure.
Nevertheless the racinos will need to wait. VLAC will not publish its tips until the fall, and until then, it’s maintaining tight-lipped.
Legislation that will have provided relief by creating advertising and capital credits, while quashing the table game fee and lowering the taxation rate on table games, received shrift that is short the typical Assembly in 2015 and 2016.
Begging for a Lifeline
A large budget deficit has made it difficult for a bill advocating tax relief to gain much traction while there is sympathy for the racinos’ plight in the legislature. Still, something has to be done, says Ed Sutor, president and CEO of Dover Downs Hotel & Casino, as he urged VLAC to put the racinos a lifeline.
Sutor told the Delaware State Information that a concession that lucky88slot.org is simple could be easily enacted is always to allow the racinos to operate on Christmas and Easter, which may make a believed $2.25 million more.
‘We’re the only casinos in the country that shut down completely on Easter and Christmas,’ said Sutor. ‘We can’t call it quits, folks, so we can’t sit out another year of not doing any such thing.’
Impossible Odds? Betting Sites Offer Lines on Political, Celebrity Absurdity
Governmental betting markets are doing their best to remain appropriate because the highly engaging 2016 presidential campaign, by offering online bettors unique lines on events that appear to have little possibility of occurring.
Lines on Kid Rock while The Rock’s future in government are a couple of areas to be had at governmental sites that are betting. (Image: Terry Renna/Associated Press/WWE/Collage by Casino.org)
From Kid Rock’s running for the United States Senate to talk for the Rock making a serious bid for the White home in 2020, political betting networks are attempting to keep a connection between celebrity entertainment and influence that is political. It undoubtedly worked in 2016 with Donald Trump.
Betting on governmental outcomes is illegal through the United States (also in nevada), but American politics is a popular wager that is exotic Europe and elsewhere in the world.
PredictIt.org provides change betting, which is really a slightly different variant of wager that trades stocks in real time on predicted outcomes of governmental events. (Exchanges charge a commission on trades instead of setting odds.)
Kid Rock for Senate?
Musician and avid Trump supporter Kid Rock has recently teased a bid to run for Michigan’s US Senate seat in 2018 against incumbent Democrat Debbie Stabenow (D). Nonetheless, betting cash is currently against Rock officially operating.
PredictIt shares of Kid Rock, aka Robert Ritchie, running are selling for 40 cents, while no, he won’t run shares are at 60 cents. Following a tweet in early July from rap star that revealed a yard indication reading ‘Kid Rock for US Senate,’ shares laying claim to the concept he would indeed run soared to 70 cents.
Rock used the image with a statement of political philosophy that read, ‘we believe if you work your butt off and pay fees, you should be able to effortlessly navigate the laws, taxation codes, health care, and whatever else the government puts in spot that affects us all.’
The 46-year-old singer from Michigan has never run for or held elected office, but that didn’t stop the current president that is american. Ritchie reportedly has yet to file official campaign paperwork, however, which undoubtedly factors into why the PredictIt line remains open.
President The Rock
Bettors, of program, need to be cautious not to ever confuse Kid Rock with The Rock. PredictIt is asking whether actor Dwayne Johnson will throw their name into the ring for the presidency that is US 2020.
A campaign committee called ‘Run the Rock 2020’ recently did file documents utilizing the Federal Election Committee, which seemed like a bigger action in a direction that is serious. The Rock, nevertheless, isn’t actually behind the organization wanting to elect him. It’s instead the work of the fan who just hopes he’ll run.
Even though the seed’s been planted, enthusiasm for a Rock presidency is rather low on PredictIt. Shares that Johnson will run are trading for 25 cents, while owning ‘no’ will cost you three quarters.
PredictIt’s willingness to offer the market on Johnson despite his public declaration that he’s not even considering a 2020 run recommend that celebrity lines with virtually no chance of hitting are a revenue that is popular for the exchange.
ElectionBettingOdds.com, meanwhile, offers the actor a 3.5 percent chance of actually winning the White home, comparable odds it offers for Facebook founder Mark Zuckerberg, who’ll turn 35, the age that is minimum allowed for A united states president by the Constitution, in 2019.
Exactly What Hath Paddy Energy Wrought
Sites and areas such as for example PredictIt may be seeing the value of offering opportunities for wagering on wishful thinking and irrational fears, but really they are simply following in the footsteps of Paddy energy.
The infamous Irish bookmaker set the conventional for allowing individuals to bet the unthinkable, at onetime asking customers whether or not then-President Barack Obama would be assassinated.
Paddy Power’s present odds regarding the champion associated with the 2020 election feature Trump as the(2-1 that is favorite, followed by Democratic Massachusetts Sen. Elizabeth Warren and current Vice President Mike Pence at 15-2.
But a slew of ridiculous names are included on chances sheet. Leonardo DiCaprio (80-1), Kanye West (100-1), Beyoncé (200-1), fictional House of Cards president Kevin Spacey (200-1), and Kim Kardashian (275-1) are just a few of the picks designed for those who think they could see something in a longshot that is extreme.
Macau Police Bust Scam ‘Pop Up’ VIP Casino Op
Director of Judiciary Police Chau Wai Kuong said that gaming related crime in the gambling hub stayed ‘serious’ despite the apparent financial recovery. (Image: Macau Everyday Times)
Macau authorities have busted a bogus ‘pop-up’ VIP casino racket that bilked high-rollers out of millions in presumably baccarat that is crooked, based on the South China Morning Post.
The police research began in after a man told authorities he had been defrauded of HK$4 million (around $500,000) june.
Officers from the Judiciary Police raided an unidentified hotel in the gambling hub on Wednesday, arresting 15 men and four women, all from the Chinese mainland.
These are typically accused of luring high-rollers to hotel rooms which the gang had gone to elaborate lengths to disguise as bona fide VIP rooms.
Ruse Meticulously Planned
Police said the ruse, which have been in operation since 2015, was intricately planned and executed, with members of the gang posing as dealers, VIP hosts, VIP room operators, security guards and shill gamblers to be able to trick their victim.
Four ‘customers’ were based in the process to be scammed when police swooped on according to Macau’s public broadcaster, TDM wednesday.
A lot more than HK$75 million ($9.6 million) worth of gaming chips were available at the scene. While reports didn’t specify, it’s likely these had been ‘rolling chips,’ non-redeemable tokens issued to high rollers by casino as credit to gamble with, as opposed to the kind of chips which can be exchanged directly for cash. HK$200,000 in difficult currency was also seized, around US$25,600.
The suspects, aged between 35 and 53, are facing numerous charges, ranging from fraud to owning a criminal syndicate.
Last week, 15 mainlanders had been detained and accused of running a loan-sharking that is high-interest targeting casino gamblers in the Cotai Strip.
Taking Crime Seriously
Gaming-related crime has risen in the enclave since Beijing’s anti-corruption drive almost 3 years ago. The crackdown on the junket industry has put the squeeze regarding the gambling hub’s criminal underbelly, with reports of the razor-sharp boost in triad-related criminal activity.
Police have said that the true number of illegal detentions, which mostly involve the forced collection of gaming debts by loan-sharking triads, are up 11.8 percent year-on-year, after having almost doubled between 2014 and 2015.
‘Although the performance of Macau’s video gaming industry has stabilized since the 2nd half last year, the gaming-related crime situation remains serious,’director of Judiciary Police Chau Wai Kuong said this week in a statement.
‘We have actually witnessed an increase in how many instances of unlawful detention related to loan-sharking operations,’ he included. ‘As such, police have strengthened patrols, having detected 20 instances of gaming-related unlawful detention in just one day.’
Macau’s Judiciary Police recorded an overall total of 734 suspected gaming-related crimes in the 1st five months of this 12 months, up by 74 situations in contrast to the corresponding period of 2016.
Nj’s Chris Christie Urges President Donald Trump and Congress to Support States’ Rights in Online Gaming Battle
New Jersey Governor Chris Christie (R) put his signature on a bill later last week that urges President Donald Trump, members of his management, and Congress to oppose any legislation that could prohibit individual states from authorizing and managing gambling that is online.
Nj-new jersey State Representative Vincent Mazzeo has authored a bill that asks federal leaders to push back against any measures that will impede states’ right in the online gambling arena, and it’s really gained the support of Governor Chris Christie. (Image: Jackie Schear/Press of Atlantic City)
Introduced by State Rep. Vincent Mazzeo (D-Northfield) in January, the joint quality seeks to inform the president and Congress how internet gambling enterprises are playing a vital role in the recovery of Atlantic City. Of program, it’s an opinion only and one that holds no given weight, as state governments haven’t any direct input into federal laws.
The main issue is yet again the Restoration of America’s Wire Act (RAWA), legislation that would reverse a 2011 US Department of Justice viewpoint that stated the longstanding Wire Act applied just to activities betting, and not other forms of gambling.
Mazzeo’s resolution explains, ‘Recent federal measures, such as [RAWA], introduced within the 114th Congress, if pursued by the 115th Congress and supported by President Trump and his administration, would prohibit the transmission of cable communication of any bet or bet … including internet video gaming.’
A copy for the legislation that is signed being sent to the president, US House and Senate leaders, Attorney General Jeff Sessions, and various other political powers in Washington, DC.
Internet Gaming Wins
Garden State politicians have plenty of reason to aid Mazzeo’s bill. Atlantic City’s remaining seven casino operators are finally posting gains, and online gambling is playing a leading part in the recovery that is fiscal.
Through June, land-based gaming win is up 1.5 percent. However, internet gambling has soared over 28 percent, bringing the casinos’ important thing to 3.5 percent.
Internet gambling has delivered $121.4 million to operators through June, about $26.6 million ahead of where they certainly were this time around this past year.
‘A federal prohibition against internet gaming would directly and negatively impact New Jersey by dismantling the investments that their state and Atlantic City casinos have already made,’ Mazzeo explained.
iGaming’s prominent role in revitalizing Atlantic City is excatly why Mazzeo had little difficulty in garnering support for the joint resolution. Just a single ‘nay’ vote came in from either chamber, State Senator Shirley Turner (D-Mercer) being the lone opponent.
There doesn’t be seemingly much enthusiasm in Washington to take up RAWA, or similar anti-online gambling legislation. Past committee hearings in the home and Senate didn’t change the fact that most in Congress simply are not terribly invested in discussing gaming that is internet at the federal degree, a matter that the Republican-controlled Congress would seemingly prefer to leave as much as each state to opt for themselves.
RAWA was introduced into their respective chambers by Sen. Lindsey Graham (R-South Carolina) and Rep. Jason Chaffetz (R-Utah that is former). It’s largely thought that those actions arrived at the behest of Las Vegas Sands CEO Sheldon Adelson, a effective gop financier who has made it his life’s work to block iGaming.
After lingering for two years, RAWA has not been re-introduced to Congress for its 115th session.
Scott Blumstein Wins $8.15M at World Series of Poker Main Event with Three-Outer on River
Scott Blumstein, a 25-year-old medium stakes poker pro from nj, decided to play their World Series that is first of tournament a couple of months ago, the 2017 Main Event. It switched out to be a pretty good decision, as late into Saturday evening, Blumstein survived an initial field of over 7,200 entrants to collect $8.15 million plus a jewel-encrusted champ’s bracelet worth another half-million.
WSOP 2017 Main Event winner Scott Blumstein, now in a higher tax bracket he entered the World Series of Poker’s most prestigious tournament two weeks ago, says fame and fortune will not change who he is than he was when. (Image: ABCNews.com)
It was not long after midnight Pacific Time on Sunday morning, readily available 256 of the WSOP Main Event final table, Blumstein defeated Pennsylvanian Dan Ott to be poker’s new world champion.
‘I’m still in shock,’ Blumstein told reporters afterwards. ‘ I thought I would get even more emotional that the things I got in real time but it is just the best feeling, I can’t even put it into words.’
First Time’s the Charm
This was the first time Blumstein had ever ventured to the Rio in Las Vegas to play live in a World Series event despite making a living as an online grinder back home in New Jersey.
Aided by the November Nine concept scrapped in favor of three consecutive segments of final-table play, broadcast with a 30-minute wait by ESPN on Thursday, Friday, and Saturday, Blumstein started the brand new format final table with a chip lead that is commanding. It was a lead he relinquished just once over the course associated with the match, whenever crowd that is jovial and British granddad John Hesp briefly wrestled top spot from the chip-stacking juggernaut.
Hesp busted out in fourth, establishing up a last nights three-handed action between Americans Blumstein and Ott, and France’s Benjamin Pollack.
Two Plus Two Equals $8.15 Million
The short-stacked Pollack had everything to get and was prepared to get his chips in and gamble. Ultimately, however, he hit the rail soon after 9 o’clock PT, after some intense action that is three-way.
Pollack shoved from the button with Q-T, while Ott lived as much as their title, coming over the top (OTT in poker parlance), re-raising all-in from the small blind with K-9. Blumstein saw potential to go on it all down right there, and called from he big blind with A-Q. Blumstein was ahead pre-flop, and the tournament that is entire have ended then and there. Rather, a king on the flop Ott that is tripled-up and Pollack to the rails.
The last moment was postponed for another 60-odd hands, and when it came, it came via a piece of luck for Blumstein, who played sturdily throughout the 10-day occasion. A spot in poker history with all the chips going in pre-flop, Ott was ahead with A-9 versus Blumstein’s A-2, but one of three remaining deuces hit on the river, ending the Main Event and assuring Blumstein.
The champ that is new that, even though the cash is nice, it won’t alter his lifestyle all that much. The Temple University graduate, whom holds an accounting degree, told WSOP officials after their win:
‘just two weeks ago I was a New Jersey online nothing and grinder has really changed.