The Delaware casino that is land-based happens to be struck 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 across the state line means hard times 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 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 nationwide Harbor, which launched 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 are begging legislators for help.
Taxed Out From 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.
But the racinos will have to wait. VLAC will not publish its suggestions before the fall, and until then, it’s keeping tight-lipped.
Legislation that could have provided relief by creating marketing and capital credits, while quashing the dining table game fee and lowering the tax 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 sizable spending plan deficit has made it hard for a bill advocating tax relief to achieve much traction. 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 simple concession that could be easily enacted is to allow the racinos to work on Christmas and Easter, which may generate a calculated $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 give up, folks, so we can’t sit out another 12 months of not doing anything.’
Impossible Odds? Betting Sites Offer Lines on Political, Celebrity Absurdity
Political betting markets are doing their best to stay appropriate since the highly engaging 2016 presidential campaign, by offering online bettors unique lines on activities that appear to have little potential for occurring.
Lines on Kid Rock therefore The Rock’s future in government are two markets to be had 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 Rock creating a serious bid for the White House in 2020, political betting networks are attempting to maintain a connection between celebrity entertainment and governmental impact. It undoubtedly worked in 2016 with Donald Trump.
Betting on political outcomes is illegal through the US (even in Las Vegas), but American politics is a favorite exotic bet across Europe and elsewhere on the planet.
PredictIt.org provides exchange wagering, which really is a slightly different variant of wager that trades shares in genuine 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). However, betting cash is currently against Rock officially running.
PredictIt shares of Kid Rock, aka Robert Ritchie, running 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 all of us Senate,’ shares claim that is laying the concept which 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 must certanly 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 has never run for or held elected office, but that didn’t stop the current president that is american. Ritchie apparently has yet to file official campaign paperwork, however, which undoubtedly factors into why the PredictIt line remains open.
President The Rock
Bettors, of program, need certainly to be mindful to not confuse Kid Rock with The Rock. PredictIt is asking whether star Dwayne Johnson will throw their name into the ring for the US presidency in 2020.
A campaign committee called ‘Run the Rock 2020’ recently did file paperwork with the Federal Election Committee, which appeared like a larger step in a serious direction. The Rock, however, isn’t actually behind the company trying 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 offer the market on Johnson despite his public declaration that he’s not even considering a 2020 run suggest 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 percent chance of actually winning the White House, comparable chances it offers for Facebook creator Mark Zuckerberg, who will turn 35, the age that is minimum allowed for A united states president by the Constitution, in 2019.
Just 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 truly are just after in the footsteps of Paddy energy.
The infamous Irish bookmaker set 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 current odds in the winner 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 chances sheet. Leonardo DiCaprio (80-1), Kanye West (100-1), Beyoncé (200-1), fictional House of Cards president Kevin Spacey (200-1), and Kim Kardashian (275-1) are just a few of the picks designed for those who think they might see something in a 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 Frequent 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 June after a man told authorities he was indeed defrauded of HK$4 million (around $500,000).
Officers through the Judiciary Police raided an unidentified hotel in the gambling hub on Wednesday, arresting 15 males and four women, all from the Chinese mainland.
They’re accused of luring high-rollers to hotel rooms that the 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 executed and planned, with members of the gang posing as dealers, VIP hosts, VIP room operators, security guards and shill gamblers to be able to trick their prey.
Four ‘customers’ were based in the process to be 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 didn’t specify, it is likely these were ‘rolling chips,’ non-redeemable tokens issued to rollers that are high casino as credit to gamble with, rather than the type of chips that may be exchanged directly for cash. HK$200,000 in hard money was also seized, around US$25,600.
The suspects, aged between 35 and 53, are facing numerous charges, ranging from fraud to running a syndicate that is criminal.
Last week, 15 mainlanders were detained and accused of owning a loan-sharking that is high-interest focusing on casino gamblers in 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 a increase that is sharp triad-related crime.
Police have stated that the true quantity 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 gaming industry has stabilized since the second 1 / 2 of last year, the crime that is gaming-related remains serious,’director of Judiciary red baron slots Police Chau Wai Kuong said this week in a statement.
‘We have witnessed an upsurge in how many situations of unlawful detention related to loan-sharking operations,’ he added. ‘As such, police have strengthened patrols, having detected 20 cases of gaming-related unlawful detention in just one day.’
Macau’s Judiciary Police recorded an overall total of 734 suspected gaming-related crimes in the 1st five months of this year, up by 74 situations compared with the corresponding amount 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 last week that urges President Donald Trump, members of his administration, and Congress to oppose any legislation that would prohibit individual states from authorizing and managing gambling that is online.
Nj 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’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 inform the president and Congress on 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 main issue is 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 only to recreations betting, and not other forms of gambling.
Mazzeo’s quality explains, ‘Recent federal measures, such as [RAWA], introduced in 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 wager … including internet video gaming.’
A copy of the signed legislation is being sent to the president, US House and Senate leaders, Attorney General Jeff Sessions, and different other political powers in Washington, DC.
Internet Gaming Wins
Garden State politicians have plenty of reason to support Mazzeo’s bill. Atlantic City’s staying seven casino operators are finally publishing 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 they were this time a year ago.
‘A federal prohibition against internet gaming would directly and negatively impact New Jersey by dismantling the investments that hawaii and Atlantic City casinos have actually currently made,’ Mazzeo explained.
iGaming’s prominent role in revitalizing Atlantic City is why Mazzeo had small trouble in garnering support for the joint quality. 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 don’t change the proven fact that most in Congress simply aren’t terribly spent in discussing internet gaming prohibitions at the federal level, a matter that the Republican-controlled Congress would seemingly prefer to leave as much as each state to decide for themselves.
RAWA was introduced into their particular chambers by Sen. Lindsey Graham (R-South Carolina) and Rep. Jason Chaffetz (R-Utah that is former). It’s mostly thought that those actions arrived during 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 just two 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, chose to play his World Series that is first of tournament several weeks ago, the 2017 Main Event. It turned 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 collect $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 than he was when he entered the World Series of Poker’s many prestigious competition two weeks ago, says fame and fortune will not change who he is. (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 useful feeling, I can’t also place it into words.’
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 segments of final-table play, broadcast with a 30-minute delay by ESPN on Thursday, Friday, and Saturday, Blumstein started the brand new structure final table with a commanding chip lead. It had been a lead he relinquished only one time over the course of the match, whenever jovial crowd favorite and British granddad John Hesp briefly wrestled top spot through 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 gain and was willing to obtain his chips in and gamble. Ultimately, however, 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 up to their title, coming over the most 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 ended up being ahead pre-flop, while the entire tournament could have ended then and there. Alternatively, a master on the flop Ott that is tripled-up and Pollack to the rails.
The last moment was postponed for the next 60-odd hands, and when it came, it arrived 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 brand new champ claims that, even though the cash is nice, it’s not going to alter his lifestyle all that much. The Temple University graduate, whom 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.