
The Delaware casino that is land-based is hit hard by increased competition from 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 just publicly traded racino, but high domestic taxes and increased competition over 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 12 months Pennsylvania began 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 opened 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 marketing 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 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 federal government policy on gambling and could urge lawmakers to pass through a casino relief measure.
Nevertheless the racinos will need to wait. VLAC will maybe not publish its suggestions before the fall, and until then, it is maintaining tight-lipped.
Legislation that will have supplied relief by creating advertising and capital credits, while quashing the table game fee and lowering the taxation rate on dining 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 big spending plan deficit has caused it to be burdensome for a bill advocating tax relief to achieve much traction. Nevertheless, something has become 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 should be to permit the racinos to operate on Christmas and Easter, which may bring in an approximated $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, people, so we can’t sit another year out of not doing such a thing.’
Impossible Chances? Betting Sites Offer Lines on Political, Celebrity Absurdity
Governmental betting markets are doing their best to stay appropriate since the highly engaging 2016 campaign that is presidential by offering online bettors unique lines on occasions that appear to have little potential for occurring.
Lines on Kid Rock and also The Rock’s future in government are a couple of areas on offer 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 associated with the Rock creating a serious bid for the White home in 2020, political betting networks are trying to keep a connection between celebrity entertainment and political impact. It undoubtedly worked in 2016 with Donald Trump.
Betting on governmental results is illegal through the US (also in Las Vegas), but American politics is a favorite wager that is exotic Europe and elsewhere on earth.
PredictIt.org provides change wagering, which really is a slightly different variant of wager that trades stocks in genuine time on predicted outcomes of governmental events. (Exchanges charge a commission on trades instead of establishing odds.)
Kid Rock for Senate?
Musician and Trump that is avid supporter Rock has recently teased a bid to run for Michigan’s US Senate chair in 2018 against incumbent Democrat Debbie Stabenow (D). However, betting cash is currently against Rock officially running.
PredictIt shares of Kid Rock, aka Robert Ritchie, operating 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 showed a yard indication reading ‘Kid Rock for all of us Senate,’ shares claim that is laying the idea that he would certainly run soared to 70 cents.
Rock followed the image with a statement of political philosophy that read, ‘I believe if you work your butt off and pay taxes, you must be able to effortlessly navigate the laws, income tax codes, wellness care, and whatever else the government puts in destination that affects us all.’
The 46-year-old singer from Michigan has never run for or held elected office, but that don’t stop the present 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 program, need to be mindful to not confuse Kid Rock with The Rock. PredictIt is asking whether actor Dwayne Johnson will throw his name to 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 larger action in a direction that is serious. The Rock, however, isn’t really behind the organization attempting to elect him. It’s instead the ongoing work of a fan whom merely 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 own market on Johnson despite his public declaration that he is not also considering a 2020 run suggest that celebrity lines with which has no possibility of striking are a revenue that is popular 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 creator Mark Zuckerberg, who will 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 are just following in the footsteps of Paddy Power.
The Irish that is infamous bookmaker the typical for allowing people to bet the unthinkable, at onetime asking customers whether or not then-President Barack Obama would be assassinated.
Paddy Power’s present odds in the winner for 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 the odds 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 in an extreme longshot.
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 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 allegedly baccarat that is crooked, in line with the South China Morning Post.
The police research started 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 males and four women, all from the mainland that is chinese.
They truly are 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 had been in operation since 2015, was intricately executed and planned, with members of the gang posing as dealers, VIP hosts, VIP room operators, protection guards and shill gamblers to be able to trick their victim.
Four ‘customers’ were based in the procedure of being scammed whenever authorities swooped on Wednesday, according to Macau’s general public broadcaster, TDM.
More than HK$75 million ($9.6 million) worth of gaming chips were bought at the scene. While reports failed to specify, it’s likely these had been ‘rolling chips,’ non-redeemable tokens issued to high rollers by casino as credit to gamble with, in the place of the sort of chips that can be exchanged directly for cash. HK$200,000 in difficult money had been also seized, around US$25,600.
The suspects, aged between 35 and 53, are facing numerous charges, ranging from fraud to owning a syndicate that is criminal.
Last week, 15 mainlanders were 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 place the squeeze on the gambling hub’s criminal underbelly, with reports of the razor-sharp boost in triad-related crime.
Police have said that the true quantity 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 second half 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 actually witnessed an escalation in how many cases of unlawful detention related to operations that are loan-sharking’ he included. ‘As such, police have strengthened patrols, having detected 20 situations of gaming-related unlawful detention in a single day.’
Macau’s Judiciary Police recorded a total of 734 suspected gaming-related crimes in the 1st five months of this 12 months, up by 74 situations weighed against the corresponding amount of 2016.
Nj-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 later 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 break the rules against any measures that will impede states’ right in the gambling that is online, 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 resolution that is joint to notify the president and Congress on how internet gambling enterprises are playing a vital role in the recovery of Atlantic City. Of course, it’s an opinion just and something that holds no given weight, as state governments have no direct input into federal laws.
The issue that is main again the Restoration of America’s Wire Act (RAWA), legislation that would reverse a 2011 US Department of Justice opinion that said the longstanding Wire Act applied only to sports betting, and not other forms of gambling.
Mazzeo’s quality 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 wire communication of any bet or wager … including internet video gaming.’
A copy of the finalized legislation is 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 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 per cent, bringing the casinos’ important thing to 3.5 percent.
Online gambling has delivered $121.4 million to operators through June, about $26.6 million ahead of where they certainly were this time around year that is last.
‘a prohibition that is federal internet video gaming would directly and negatively impact New Jersey by dismantling the investments that hawaii and Atlantic City casinos have currently made,’ Mazzeo explained.
iGaming’s prominent part in revitalizing Atlantic City is excatly why Mazzeo had little trouble in garnering support for the resolution that is joint. Just a single ‘nay’ vote came in from either chamber, State Senator Shirley Turner (D-Mercer) being the lone opponent.
Not Biting
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 in the House and Senate didn’t change the fact that most in Congress just are not terribly spent in discussing internet gaming prohibitions at the federal degree, a matter that the Republican-controlled Congress would seemingly prefer to leave up to each state to opt for themselves.
RAWA ended up being 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 just 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 New Jersey, chose to play their World Series that is first of tournament several days ago, the 2017 Main Event. It switched out to become a pretty good decision, as late into Saturday evening, Blumstein survived an original industry of over 7,200 entrants to get hold of $8.15 million and also a jewel-encrusted champ’s bracelet worth another half-million.
WSOP 2017 Main Event winner Scott Blumstein, now in a greater 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, on hand 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’t also place it into terms.’
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.
Utilizing the November Nine concept scrapped in favor of three consecutive portions 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 only one time over the course of this match, whenever crowd that is jovial and British granddad John Hesp briefly wrestled top spot through the chip-stacking juggernaut.
Hesp busted out in fourth, establishing 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 gain and was willing to have his chips in and gamble. Ultimately, though, he hit the rail right 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 most effective (OTT more hearts slot machine online 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 tournament that is entire have ended then and there. Alternatively, a king 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 came via a slice of luck for Blumstein, who played sturdily throughout the event that is 10-day. 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 new champ says that, even though the cash is nice, it won’t alter his lifestyle all that much. The Temple University graduate, who 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.