Delaware Brick-and-Mortar Casino Sector Advisory Board Holds State’s Fate, While Keeping Cards Close
The Delaware land-based casino sector happens to be hit hard by increased competition from brand new markets in neighboring states, as the more recent 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 throughout the state line means crisis for the property therefore the state’s two other racinos.
The sector, which comprises Harrington Raceway, Dover Downs, and Delaware Park, peaked in 2006, the Pennsylvania began issuing its first casino licenses, when slot revenues hit more than $650 million year. 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 advertising drives, drawing even more customers away from Delaware’s ailing properties.
The three racinos cannot compete because they pay 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 federal government policy on gambling and could urge lawmakers to pass a casino relief measure.
Nevertheless the racinos will have to wait. VLAC will not publish its suggestions until the fall, and until then, it is keeping tight-lipped.
Legislation that could have supplied relief by producing advertising and capital credits, while quashing the table game fee and lowering the tax rate on table games, received shrift that is short the typical Assembly in 2015 and 2016.
Begging for a Lifeline
While there is sympathy for the racinos’ plight in the legislature, a large budget deficit has managed to get problematic for a bill advocating tax relief to gain much traction. Still, 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 concession that is simple could be easily enacted is always to allow the racinos to work on Christmas and Easter, which will bring in an estimated $2.25 million more.
‘We’re the casinos that are only the country that shut down completely on Easter and Christmas,’ said Sutor. ‘We can’t stop trying, folks, so we can’t sit out another year of not doing anything.’
Impossible Chances? Wagering Sites Offer Lines on Political, Celebrity Absurdity
Governmental betting markets are doing their best to keep relevant considering that the highly engaging 2016 presidential campaign, by providing online bettors unique lines on activities that seem to have little chance of occurring.
Lines on Kid Rock and also The Rock’s future in government are two areas to be had at governmental sites that are betting. (Image: Terry Renna/Associated Press/WWE/Collage by Casino.org)
From Kid Rock’s operating for the United States Senate to talk associated with the Rock making a serious bid for the White home in 2020, political betting networks are trying to maintain a connection between celebrity entertainment and governmental impact. It undoubtedly worked in 2016 with Donald Trump.
Betting on governmental outcomes is illegal throughout the US (even in nevada), but American politics is a popular wager that is exotic Europe and elsewhere on earth.
PredictIt.org offers trade wagering, which is really a slightly different variant of wager that trades stocks in genuine time on predicted outcomes of governmental events. (Exchanges charge a commission on trades in place of setting 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 selling 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 sign reading ‘Kid Rock for people Senate,’ shares laying claim to the idea that he would indeed run soared to 70 cents.
Rock implemented the image with a statement of political philosophy that read, ‘I believe you should certainly easily navigate the laws, taxation codes, health care, and whatever else the federal government puts in position that affects us all. in the event that you work your butt off and pay fees,’
The 46-year-old singer from Michigan hasn’t run for or held elected office, but that did not stop the present American president. Ritchie reportedly 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 certainly to be cautious not to ever confuse Kid Rock with The Rock. PredictIt is asking whether actor Dwayne Johnson will throw his name into the ring for the presidency that is US 2020.
A campaign committee called ‘Run the Rock 2020’ recently did file paperwork with the Federal Election Committee, which seemed like a more impressive step in a serious direction. The Rock, however, isn’t really behind the company wanting to elect him. It’s instead the ongoing work of a 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’ can cost you three quarters.
PredictIt’s willingness to own market on Johnson despite his public declaration that he’s not also considering a 2020 run recommend that celebrity lines with which has no possibility of hitting are a popular income flow for the exchange.
ElectionBettingOdds.com, meanwhile, gives the actor a 3.5 percent chance of actually winning the White House, similar chances it offers for Facebook creator Mark Zuckerberg, who will turn 35, the minimal age for allowed for A united states president by the Constitution, in 2019.
Just What Hath Paddy Energy Wrought
Sites and areas such as for instance PredictIt may be seeing the value of offering opportunities for wagering on wishful thinking and irrational fears, but really they have been simply after in the footsteps of Paddy energy.
The infamous Irish bookmaker set the typical for allowing people to bet the unthinkable, at onetime asking clients whether or not then-President Barack Obama would be assassinated.
Paddy Power’s present odds regarding the champion 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 House of Cards president Kevin Spacey (200-1), and Kim Kardashian (275-1) are just a couple of the picks available for those who think they might 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 crime in the gambling hub stayed ‘serious’ despite the apparent financial recovery. (Image: Macau Constant 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 investigation began in June after a man told authorities he have been defrauded of HK$4 million (around $500,000).
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.
They’ve been accused of luring high-rollers to hotel rooms that your gang had gone to elaborate lengths to disguise as bona fide VIP rooms.
Ruse Meticulously Planned
Police said the ruse, which had been in operation since 2015, was intricately planned and executed, with members of the gang posing as dealers, VIP hosts, VIP room operators, safety guards and shill gamblers in order to trick their victim.
Four ‘customers’ were found in the procedure of being scammed whenever police swooped on Wednesday, according to Macau’s general public broadcaster, TDM.
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 had been ‘rolling chips,’ non-redeemable tokens issued to high rollers by casino as credit to gamble with, rather than the kind of chips that may be exchanged directly for cash. HK$200,000 in difficult money ended up being also seized, around US$25,600.
The suspects, aged between 35 and 53, are dealing with numerous charges, ranging from fraud to managing a criminal syndicate.
Last week, 15 mainlanders had been detained and accused of owning a loan-sharking that is high-interest targeting casino gamblers regarding the Cotai Strip.
Taking Crime Seriously
Gaming-related crime has risen into the enclave since Beijing’s anti-corruption drive almost 36 months ago. The crackdown on the junket industry has put the squeeze in the gambling hub’s unlawful underbelly, with reports of the increase that is sharp triad-related crime.
Police have stated 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 gaming industry has stabilized since the second 1 / 2 of 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 situations of unlawful detention related to operations that are loan-sharking’ he added. ‘As such, police have actually strengthened patrols, having detected 20 cases of gaming-related unlawful detention in an individual day.’
Macau’s Judiciary Police recorded a total of 734 suspected gaming-related crimes in the 1st five months of this year, 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 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 online gambling.
Nj-new jersey State Representative Vincent Mazzeo has authored a bill that asks federal leaders to break the rules against any measures that could impede states’ right in the gambling that is online, 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 resolution seeks to inform the president and Congress how internet casinos are playing a vital role in the recovery of Atlantic City. Of course, it’s an opinion just and one that holds no given weight, as state governments do not have input that is direct federal laws.
The issue that is main 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 just to sports 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 his management, would prohibit the transmission of wire communication of any bet or bet … including internet gaming.’
A copy of the signed legislation is 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 publishing gains, and online gambling is playing a leading role 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 these people were this time a year ago.
‘a prohibition that is federal 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 part in revitalizing Atlantic City is excatly why Mazzeo had small difficulty 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 opponent that is lone.
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 home and Senate didn’t change the undeniable fact that most in Congress simply are not terribly spent in discussing gaming that is internet at the federal level, a matter that the Republican-controlled Congress would seemingly prefer to leave as much as each state to choose for themselves.
RAWA ended up being introduced into their respective chambers by Sen. Lindsey Graham (R-South Carolina) and former Rep. Jason Chaffetz (R-Utah). It’s mostly thought that those actions came 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 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 nj, chose to play their World Series that is first of tournament several weeks ago, the 2017 Main Event. It switched out to be a pretty decision that is good as late into Saturday evening, Blumstein survived an original field of over 7,200 entrants to take home $8.15 million and also a jewel-encrusted champion’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, 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 is just the most readily useful feeling, I can’t even place it into words.’
First Time’s the Charm
Despite making a living as an on-line grinder back home in nj-new jersey, it was 1st time Blumstein had ever ventured to the Rio in Las Vegas to play are now living in some sort of Series event.
With 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 began the brand new structure last table with a commanding chip lead. It was a lead he relinquished only once over the course associated with the match, when jovial crowd favorite 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 Pollack that is short-stacked had to get and was willing getting his chips in and gamble. Ultimately, though, he hit the rail soon after 9 o’clock PT, after some intense three-way action.
Pollack shoved from the button with Q-T, while Ott lived as much as their title, coming over the utmost effective (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 was ahead pre-flop, plus 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 had been postponed for the next 60-odd hands, and when it came, it arrived via a piece of luck for Blumstein, who played solidly 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 states that, whilst the cash is nice, it will not alter his lifestyle all that much. The Temple University graduate, who holds an accounting level, told WSOP officials after his win:
‘just two weeks ago I was a New Jersey online nothing and grinder has really changed.