The Delaware land-based casino sector has been hit hard by increased competition from brand new markets 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 only publicly traded racino, but high domestic taxes and increased competition over the state line means crisis for the house therefore 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 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 brand new MGM National Harbor, which started in Maryland year that is late last 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 advertising drives, drawing even more customers away from Delaware’s ailing properties.
The three racinos cannot compete because they spend higher state taxes than their counterparts across the border, and they’re begging legislators for help.
Taxed Out of the Market
This week, the Delaware’s Video Lottery Advisory Council (VLAC) met to talk about the status of Diamond State’s three casinos. The council is tasked with advising federal government policy on gambling and could urge lawmakers to pass through a casino relief measure.
However the racinos will have to wait. VLAC will perhaps not publish its tips until the fall, and until then, it is maintaining tight-lipped.
Legislation that will have supplied relief by producing advertising and capital credits, while quashing the dining table game fee and lowering the income tax rate on table games, received short shrift in the typical Assembly in 2015 and 2016.
Begging for a Lifeline
While there is sympathy for the racinos’ plight in the legislature, a sizable spending plan deficit has managed to make it difficult for a bill advocating tax relief to get much traction. Nevertheless, something has become done, says Ed Sutor, president and CEO of Dover Downs Hotel & Casino, as he urged VLAC to throw the racinos a lifeline.
Sutor told the Delaware State Information that a simple concession that could be easily enacted is to permit 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 stop trying, people, so we can’t sit out another 12 months of not doing any such thing.’
Impossible Odds? Wagering Sites Offer Lines on Political, Celebrity Absurdity
Political betting markets are doing their best to keep relevant because the highly engaging 2016 presidential campaign, by offering online bettors unique lines on events that seem to have little chance of occurring.
Lines on Kid Rock as well as The Rock’s future in government are a couple of areas on offer at political gambling websites. (Image: Terry Renna/Associated Press/WWE/Collage by Casino.org)
From Kid Rock’s running for the US Senate to talk regarding the Rock building a serious bid for the White House in 2020, political betting networks are trying to maintain a connection between celebrity entertainment and influence that is political. It certainly worked in 2016 with Donald Trump.
Betting on political results is illegal through the US (even in vegas), but American politics is a well liked exotic bet across Europe and elsewhere on the planet.
PredictIt.org provides change wagering, which really is a slightly different variant of wager that trades shares in real time on predicted outcomes of governmental events. (Exchanges charge a commission on trades as opposed to establishing odds.)
Kid Rock for Senate?
Musician and avid Trump supporter Kid Rock has recently teased a bid to run for Michigan’s US Senate chair in 2018 against incumbent Democrat Debbie Stabenow (D). However, betting money is currently against Rock officially operating.
PredictIt shares of Kid Rock, aka Robert Ritchie, operating can sell for 40 cents, while no, he won’t run shares are at 60 cents. Adhering to a tweet in early July from rap star that showed a yard indication reading ‘Kid Rock for people Senate,’ shares claim that is laying the idea he would indeed run soared to 70 cents.
Rock adopted the image with a statement of political philosophy that read, ‘we believe if you work your butt off and pay fees, you should really be able to easily navigate the laws, tax codes, wellness care, and anything else the government puts in spot that affects us all.’
The 46-year-old singer from Michigan hasn’t run for or held elected office, but that did not stop the existing American president. Ritchie apparently has yet to file campaign that is official, however, which undoubtedly factors into why the PredictIt line remains open.
President The Rock
Bettors, of course, need to be cautious not to ever confuse Kid Rock with The Rock. PredictIt is asking whether actor Dwayne Johnson will throw their name to the ring for the presidency that is US 2020.
A campaign committee called ‘Run the Rock 2020’ recently did file documents aided by the Federal Election Committee, which appeared like a larger step in a direction that is serious. The Rock, nevertheless, isn’t really behind the company attempting 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 is not even considering a 2020 run recommend that celebrity lines with which has no possibility of hitting are a revenue that is popular for the exchange.
ElectionBettingOdds.com, meanwhile, provides the actor a 3.5 % chance of actually winning the White House, similar odds it offers for Facebook founder Mark Zuckerberg, who will turn 35, the minimum age for allowed for A united states president by the Constitution, in 2019.
Just What Hath Paddy Energy Wrought
Sites and markets such as for example PredictIt may be seeing the value of offering opportunities for wagering on wishful thinking and fears that are irrational but really they are simply following in the footsteps of Paddy energy.
The infamous Irish bookmaker set the standard for allowing individuals to bet the unthinkable, at one time asking customers whether or not then-President Barack Obama would be assassinated.
Paddy Power’s present odds in the champion associated with the 2020 election feature Trump as the favourite (2-1), 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 the odds sheet. Leonardo DiCaprio (80-1), Kanye West (100-1), Beyoncé (200-1), fictional home of Cards president Kevin Spacey (200-1), and Kim Kardashian (275-1) are just a few of the picks available for those who think they could see something in an longshot that is extreme.
Macau Police Bust Scam ‘Pop Up’ VIP Casino Op
Director of Judiciary Police Chau Wai Kuong said that gaming related criminal activity in the gambling hub remained ‘serious’ despite the apparent economic recovery. (Image: Macau Daily Times)
Macau authorities have busted a bogus ‘pop-up’ VIP casino racket that bilked high-rollers out of millions in allegedly crooked baccarat games, 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 mainland that is chinese.
They’ve been accused of luring high-rollers to hotel rooms that your gang had gone to elaborate lengths to disguise as genuine VIP rooms.
Ruse Meticulously Planned
Police said the ruse, which was in operation since 2015, was intricately executed and planned, with members of the gang posing as dealers, VIP hosts, VIP room operators, safety guards and shill gamblers in order to trick their prey.
Four ‘customers’ were found in the process of being scammed whenever police swooped on according to Macau’s public broadcaster, TDM wednesday.
Significantly more than HK$75 million ($9.6 million) worth of gaming chips were found at the scene. While reports did not specify, it is likely these were ‘rolling chips,’ non-redeemable tokens issued to high rollers by casino as credit to gamble with, in place of the type of chips which can be exchanged directly for cash. HK$200,000 in difficult currency had been additionally seized, around US$25,600.
The suspects, aged between 35 and 53, are facing numerous charges, ranging from fraud to running a criminal syndicate.
Last week, 15 mainlanders were detained and accused of managing a loan-sharking that is high-interest focusing on casino gamblers in the Cotai Strip.
Taking Crime Seriously
Gaming-related crime has risen within the enclave since Beijing’s anti-corruption drive almost 36 months ago. The crackdown on the junket industry has place the squeeze on the gambling hub’s criminal underbelly, with reports of the increase that is sharp 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 witnessed an increase in the amount of instances of unlawful detention related to operations that are loan-sharking’ he included. ‘As such, police have actually strengthened patrols, having detected 20 cases of gaming-related unlawful detention in a single day.’
Macau’s Judiciary Police recorded a total of 734 suspected gaming-related crimes in the first five months of this 12 months, up by 74 cases compared with the corresponding period of 2016.
New Jersey’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 late the other day that urges President Donald Trump, members of his administration, and Congress to oppose any legislation that could prohibit individual states from authorizing and regulating gambling that is online.
New Jersey State Representative Vincent Mazzeo has authored a bill that asks federal leaders to rebel against any measures that will impede states’ right in the online gambling arena, and it is 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 casinos are playing a vital role within the recovery of Atlantic City. Of course, it’s an opinion only and one that carries no given weight, as state governments don’t have any direct input into federal laws.
The issue that is main once 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 recreations betting, and maybe 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 their management, would prohibit the transmission of wire communication of any bet or wager … including internet video gaming.’
A copy associated with the legislation that is signed being sent to the president, United States 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 guide Mazzeo’s bill. Atlantic City’s staying 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 %, 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 these people were this time around year that is last.
‘a prohibition that is federal internet gaming would directly and negatively impact brand New Jersey by dismantling the investments that their state and Atlantic City casinos have actually already made,’ Mazzeo explained.
iGaming’s prominent role in revitalizing Atlantic City is 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 appear to be much enthusiasm in Washington to take up RAWA, or similar gambling legislation that is anti-online. Past committee hearings inside your home and Senate don’t change the fact that most in Congress just aren’t terribly invested in discussing gaming that is internet at the federal level, a matter that the Republican-controlled Congress would seemingly prefer to leave up to each state to decide 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 mostly thought that those actions came at the behest of Las Vegas Sands CEO Sheldon Adelson, a powerful gop financier who has made it his life’s work to block iGaming.
After lingering for just two years, RAWA hasn’t been re-introduced to Congress for the 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 New Jersey, decided to play his first World Series of Poker tournament a couple of months ago, the 2017 Main Event. It switched out to become a pretty good decision, as late into Saturday night, Blumstein survived an original industry of over 7,200 entrants to take home $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 absolutely was not long after midnight Pacific Time on Sunday morning, readily available 256 of the WSOP Main Event table that is final 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 most readily useful feeling, I can not even put it into words.’
First Time’s the Charm
Despite making a living as an on-line grinder back home in nj-new jersey, this is initial time Blumstein had ever ventured to the Rio in Las Vegas to play are now living in a global Series event.
Utilizing the November Nine concept scrapped in favor of three consecutive segments of final-table play, broadcast with a 30-minute delay 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 only once over the course regarding the match, when jovial crowd favorite and British granddad John Hesp briefly wrestled top spot through 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 Pollack that is short-stacked had to gain and was prepared to obtain his chips in and gamble. Ultimately, however, he hit the rail immediately 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 name, coming over the utmost effective (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, while the tournament that is entire have https://lucky88slotmachine.com/pelican-pete/ ended then and there. Rather, a master on the flop tripled-up Ott and sent Pollack to the rails.
The last moment was postponed for the next 60-odd hands, and when it came, it arrived via a piece of luck for Blumstein, who played sturdily throughout the 10-day event. 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 an area in poker history.
The champ that is new that, although the money is nice, it’s not going to alter his lifestyle all that much. The Temple University graduate, who holds an accounting level, told WSOP officials after their win:
‘simply two weeks hence I became a New Jersey online grinder and nothing has really changed.