The Delaware casino that is land-based happens to be struck hard by increased competition from 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 only publicly traded racino, but high taxes that are domestic increased competition over the state line means crisis for the property as well as 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 late last 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 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 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.
However the racinos will have to wait. VLAC will perhaps not publish its guidelines before the fall, and until then, it is keeping tight-lipped.
Legislation that would have provided relief by producing marketing and capital credits, while quashing the dining table game fee and lowering the income tax 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 toss the racinos a lifeline.
Sutor told the Delaware State Information that a concession that is simple could be easily enacted would be to permit the racinos to use on Christmas and Easter, which will make an estimated $2.25 million more.
‘We’re the only casinos in the country that shut down completely on Easter and Christmas,’ said Sutor. ‘We can not surrender, people, and now we can’t sit out another year of not doing such a thing.’
Impossible Chances? Wagering Sites Offer Lines on Political, Celebrity Absurdity
Governmental betting markets are doing their best to keep appropriate because the highly engaging 2016 presidential campaign, by providing online bettors unique lines on activities that appear to have little chance of occurring.
Lines on Kid Rock and also The Rock’s future in government are two areas on offer at political sites that are betting. (Image: Terry Renna/Associated Press/WWE/Collage by Casino.org)
From Kid Rock’s running for the US Senate to talk of 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 governmental impact. It truly worked in 2016 with Donald Trump.
Betting on political outcomes is illegal throughout the United States (also in vegas), but American politics is a popular wager that is exotic Europe and elsewhere on the planet.
PredictIt.org provides exchange betting, which is a slightly different variant of wager that trades stocks in real time on predicted outcomes of political events. (Exchanges charge a commission on trades rather than 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). But, betting money is currently against Rock officially running.
PredictIt shares of Kid Rock, aka Robert Ritchie, running are available for 40 cents, while no, he won’t run shares are at 60 cents. Carrying out a tweet in early July from rap star that revealed a yard sign reading ‘Kid Rock for all of us Senate,’ shares claim that is laying the idea he would certainly run soared to 70 cents.
Rock implemented the image with a statement of political philosophy that read, ‘we believe you will be able to easily navigate the laws, income tax codes, health care, and other things the government puts in place that affects us all. if you work your butt off and pay taxes,’
The 46-year-old singer from Michigan has never run for or held elected office, but that did not stop the present 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 course, need certainly to be cautious not to 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 appeared like a larger action in a direction that is serious. The Rock, nonetheless, isn’t actually behind the company wanting to elect him. It’s instead the ongoing work of the fan who simply 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’ can cost you three quarters.
PredictIt’s willingness to own market on Johnson despite his public declaration that he is not even considering a 2020 run recommend that celebrity lines with virtually no chance of striking are a popular revenue flow for the exchange.
ElectionBettingOdds.com, meanwhile, offers the actor a 3.5 per cent chance of actually winning the White House, similar odds it offers for Facebook founder Mark Zuckerberg, who can turn 35, the age that is minimum allowed for A us president by the Constitution, in 2019.
Exactly What Hath Paddy Energy Wrought
Sites and areas such as PredictIt may be seeing the value of offering opportunities for wagering on wishful thinking and irrational fears, but really they’ve been just after in the footsteps of Paddy energy.
The infamous Irish bookmaker set the conventional for allowing individuals to bet the unthinkable, at onetime asking clients whether or not then-President Barack Obama would be assassinated.
Paddy Power’s current odds in the winner 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 chances sheet. Leonardo DiCaprio (80-1), Kanye western (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 might see something within an extreme longshot.
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 recovery that is economic. (Image: Macau Day-to-day Times)
Macau authorities have busted a bogus ‘pop-up’ VIP casino racket that bilked high-rollers out of millions in presumably crooked baccarat games, according to 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 through the Judiciary Police raided an unidentified hotel in the gambling hub on Wednesday, arresting 15 men and four women, all from the Chinese mainland.
They’ve been 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 was indeed in operation since 2015, was intricately executed and planned, with members of the gang posing as dealers, VIP hosts, VIP room operators, security guards and shill gamblers so that you can trick their prey.
Four ‘customers’ were found in the process to be scammed whenever authorities 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 didn’t specify, it’s likely these were ‘rolling chips,’ non-redeemable tokens issued to high rollers by casino as credit to gamble with, rather than the type of chips which can be exchanged directly for cash. HK$200,000 in hard currency ended up being additionally seized, around US$25,600.
The suspects, aged between 35 and 53, are dealing with numerous charges, ranging from fraud to owning a syndicate that is criminal.
Last week, 15 mainlanders had been detained and accused of running a high-interest loan-sharking ring targeting casino gamblers on the Cotai Strip.
Taking Crime Seriously
Gaming-related crime has risen within the enclave since Beijing’s anti-corruption drive almost three years ago. The crackdown on the junket industry has put the squeeze on the gambling hub’s unlawful underbelly, with reports of the sharp upsurge in triad-related criminal activity.
Police have said that the number of illegal detentions, which mainly 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 1 / 2 of last year, the crime that is gaming-related remains serious,’director of Judiciary Police Chau Wai Kuong said this week in a statement.
‘We have witnessed a boost in the number of situations 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 an individual 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 instances in contrast to the corresponding amount 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 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 managing gambling that is online.
Nj-new jersey State Representative Vincent Mazzeo has authored a bill that asks federal leaders to rebel against any measures that would impede states’ right in the online gambling arena, and it’s 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 resolution seeks to notify the president and Congress how internet casinos are playing a vital role into the recovery of Atlantic City. Of program, it’s an opinion just and something that carries no given fat, as state governments don’t have any input that is direct 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 said the longstanding Wire Act applied only to activities betting, and maybe not other kinds 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 gaming.’
A copy of this signed legislation is being sent to the president, US House and Senate leaders, Attorney General Jeff Sessions, and 1xbet Ñ€Ð°Ð±Ð¾Ñ‚Ð°ÑŽÑ‰ÐµÐµ Ð·ÐµÑ€ÐºÐ°Ð»Ð¾ Ð½Ð° ÑÐµÐ³Ð¾Ð´Ð½Ñ ÑÐºÐ°Ñ‡Ð°Ñ‚ÑŒ different other political powers in Washington, DC.
Internet Gaming Wins
Garden State politicians have lots of reason to support 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 %, bringing the casinos’ main point here 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 year that is last.
‘A federal prohibition against internet video gaming would directly and negatively impact New Jersey by dismantling the investments that the State and Atlantic City casinos have actually currently made,’ Mazzeo explained.
iGaming’s prominent role in revitalizing Atlantic City is the reason why Mazzeo had small trouble 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 opponent that is lone.
There doesn’t appear to be much enthusiasm in Washington to take up RAWA, or similar anti-online gambling legislation. Past committee hearings inside your home and Senate did not change the fact that most in Congress simply are not terribly spent 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 choose for themselves.
RAWA had been 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 during 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 2 years, RAWA hasn’t been re-introduced to Congress because of 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 days ago, the 2017 Main Event. It switched out to be a pretty good decision, as late into Saturday night, Blumstein survived an original industry of over 7,200 entrants to get hold of $8.15 million plus a jewel-encrusted champ’s bracelet worth another half-million.
WSOP 2017 Main Event winner Scott Blumstein, now in a much 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 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 what I got in real time but it’s just the feeling that is best, I can not even put it into terms.’
First Time’s the Charm
Despite making a living as an online grinder back home in nj-new jersey, this is initial time Blumstein had ever ventured to the Rio in Las Vegas to play live in a World Series event.
Utilizing the November Nine concept scrapped in favor of three consecutive sections of final-table play, broadcast with a 30-minute delay by ESPN on Thursday, Friday, and Saturday, Blumstein began the brand new structure last table with a chip lead that is commanding. It was a lead he relinquished just once over the course of this match, when jovial crowd favorite and British granddad John Hesp briefly wrestled top spot from the chip-stacking juggernaut.
Hesp busted out in fourth, setting up a night that is final of 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 achieve and was prepared to have his chips in and gamble. Ultimately, however, he hit the rail right after 9 o’clock PT, after some intense three-way action.
Pollack shoved from the button with Q-T, while Ott lived up to their title, coming over the top (OTT in poker parlance), re-raising all-in from the blind that is small K-9. Blumstein saw potential to go all down right there, and called from he big blind with A-Q. Blumstein had been ahead pre-flop, and also the entire competition could have ended then and there. Instead, a master 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 arrived via a piece of luck for Blumstein, who played sturdily throughout the event that is 10-day. 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 regarding the river, ending the Main Event and assuring Blumstein an area in poker history.
The new champ states that, although the money is nice, it’s not going to change his lifestyle all that much. The Temple University graduate, whom holds an accounting level, told WSOP officials after their win:
‘simply two weeks ago I became a New Jersey online grinder and nothing has really changed.