The Delaware casino that is land-based has been struck hard by increased competition from 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 just publicly traded racino, but high domestic taxes and increased competition throughout the state line means hard times 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 12 months 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 nationwide 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 advertising drives, drawing even more customers away from Delaware’s ailing properties.
The three racinos cannot compete simply because they pay 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 government policy on gambling and could urge lawmakers to pass through a casino relief measure.
But the racinos will have to wait. VLAC will not publish its suggestions before the fall, and until then, it’s maintaining tight-lipped.
Legislation that would have provided relief by creating marketing and capital credits, while quashing the table game fee and lowering the tax rate on dining table games, received shrift that is short the General 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. Nevertheless, something has to be 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 News that a simple concession that could be easily enacted would be to permit the racinos to operate on Christmas and Easter, which will generate 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 not call it quits, people, and we can’t sit another year out of not doing anything.’
Impossible Chances? Wagering Sites Offer Lines on Political, Celebrity Absurdity
Political betting markets are doing their best to remain relevant because the highly engaging 2016 campaign that is presidential by offering online bettors unique lines on events that seem to have little chance of occurring.
Lines on Kid Rock and The Rock’s future in government are two areas being offered at political 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 regarding the Rock creating 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 undoubtedly worked in 2016 with Donald Trump.
Betting on political results is illegal through the US (also in Las Vegas), but American politics is a popular wager that is exotic Europe and elsewhere on earth.
PredictIt.org provides change betting, 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 in the place 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 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. Carrying out 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 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 taxes, you should be able to effortlessly navigate the laws, income tax codes, wellness care, and anything 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 don’t stop the present president that is american. 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 careful not to confuse Kid Rock with The Rock. PredictIt is asking whether actor Dwayne Johnson will throw his name in to the ring for the US presidency in 2020.
A campaign committee called ‘Run the Rock 2020’ recently did file documents aided by the Federal Election Committee, which appeared like a more impressive step in a direction that is serious. The Rock, but, isn’t really behind the company wanting to elect him. It’s instead the ongoing work of the fan whom 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 virtually no opportunity 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, similar odds it offers for Facebook creator Mark Zuckerberg, who can turn 35, the minimal age for allowed for A united states president by the Constitution, in 2019.
Exactly What Hath Paddy Power 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 people to bet the unthinkable, at onetime asking clients whether or not then-President Barack Obama would be assassinated.
Paddy Power’s present odds in the champion of the 2020 election feature Trump as the favorite (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 western (100-1), Beyoncé (200-1), fictional home of Cards president Kevin Spacey (200-1), and Kim Kardashian (275-1) are just a couple of the picks designed for those who think they could 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 crime in the gambling hub remained ‘serious’ despite the apparent recovery that is economic. (Image: Macau Everyday 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, based on the South China Morning Post.
The police investigation 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 have been accused of luring high-rollers to hotel rooms that the 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 prepared and executed, with members of the gang posing as dealers, VIP hosts, VIP room operators, security guards and shill gamblers so that you can trick their victim.
Four ‘customers’ were based in the process to be scammed whenever authorities swooped on Wednesday, according to Macau’s general public broadcaster, TDM.
Significantly more than HK$75 million ($9.6 million) worth of gaming chips were available at the scene. While reports did not specify, it is likely these had been ‘rolling chips,’ non-redeemable tokens issued to rollers that are high casino as credit to gamble with, instead of the sort of chips which can be exchanged directly for cash. HK$200,000 in hard currency was also seized, around US$25,600.
The suspects, aged between 35 and 53, are dealing with numerous charges, ranging from fraud to managing a syndicate that is criminal.
Last week, 15 mainlanders had been detained and accused of owning 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 place the squeeze on the gambling hub’s unlawful underbelly, with reports of a razor-sharp boost in triad-related criminal activity.
Police have stated that the 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 50 % 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 witnessed an upsurge in the number of instances of unlawful detention related to loan-sharking operations,’ he included. ‘As such, police have strengthened patrols, having detected 20 situations 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 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 a week ago 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 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 on how internet gambling enterprises are playing a vital role into the recovery of Atlantic City. Of course, it’s an opinion only and one that holds no given fat, as state governments do not have direct input into federal laws.
The main issue is once 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 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 his administration, would prohibit the transmission of wire communication of any bet or bet … including internet gaming.’
A copy for the legislation that is signed being sent to the president, United States House and Senate leaders, Attorney General Jeff Sessions, and different other political powers in Washington, DC.
Internet Gaming Wins
Garden State politicians have lots 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 percent, 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 these were this time around year that is last.
‘A federal prohibition against internet video 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 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 lone opponent.
There doesn’t be seemingly much enthusiasm in Washington to take up RAWA, or similar anti-online gambling legislation. Previous committee hearings inside your home and Senate don’t change the proven fact that most in Congress just are not terribly invested 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 was 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 gop that is powerful financier has made it his life’s work to block iGaming.
After lingering for 2 years, RAWA hasn’t 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, decided to play his first World group of Poker tournament a few weeks ago, the 2017 Main Event. It switched out to be always a pretty good decision, as late into Saturday night, Blumstein survived an initial industry of over 7,200 entrants to get hold of $8.15 million along with a jewel-encrusted champion’s bracelet worth another half-million.
WSOP 2017 Main Event winner Scott Blumstein, now in a much higher tax bracket than he was when he entered the planet Series of Poker’s most prestigious competition fourteen days ago, says fame and fortune will not change whom he is. (Image: ABCNews.com)
It had been not long after midnight Pacific Time on Sunday morning, on hand 256 of the WSOP Main Event final table, Blumstein defeated Pennsylvanian Dan Ott to become 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’s just the most useful feeling, I can’t even put it into terms.’
First Time’s the Charm
Despite earning money as an online grinder back house in nj-new jersey, this is initial time Blumstein had ever ventured to the Rio in Las Vegas to play reside in some sort of Series event.
Using 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 new format last table with a chip lead that is commanding. It was a lead he relinquished only once over the course of this 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, setting up a last night of 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 willing to get 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 up to his 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, as well as the tournament that is entire have ended then and there. Alternatively, a king on the flop Ott that is tripled-up and Pollack to the rails.
The final 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 sturdily throughout the event that is 10-day. With most of 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, while the cash is nice, it won’t alter his lifestyle all that much. The Temple University graduate, whom holds an accounting level, told WSOP officials after their win:
‘Just two weeks hence I was a New Jersey online grinder and nothing has really changed.