Delaware Brick-and-Mortar Casino Sector Advisory Board Holds State’s Fate, While Maintaining Cards Close
The Delaware land-based casino sector happens to be struck hard by increased competition from brand new areas 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 over the state line means crisis 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 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 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 simply because they spend higher state taxes than their counterparts across the edge, 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.
Nevertheless the racinos will need to wait. VLAC will maybe not publish its tips before the fall, and until then, it is keeping tight-lipped.
Legislation that would have provided relief by producing advertising and capital credits, while quashing the table game fee and lowering the income tax rate on 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. Still, something has become done, says Ed Sutor, president and CEO of Dover Downs Hotel & Casino, as he urged VLAC to put the racinos a lifeline.
Sutor told the Delaware State News that a simple concession that could be easily enacted should be to permit the racinos to use on Christmas and Easter, which would 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, folks, and now we can’t sit another year out of not doing anything.’
Impossible Chances? Betting Sites Offer Lines on Political, Celebrity Absurdity
Political betting markets are doing their best to remain relevant considering that the highly engaging 2016 campaign that is presidential by providing online bettors unique lines on occasions that appear to have little chance of occurring.
Lines on Kid Rock and The Rock’s future in government are two areas to be had 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 regarding 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 certainly worked in 2016 with Donald Trump.
Betting on political results is illegal through the US (even in Las Vegas), but American politics is a popular exotic wager across Europe and elsewhere in the world.
PredictIt.org offers exchange wagering, which really 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 instead 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 money 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. Adhering to a tweet in early July from rap star that showed a yard indication reading ‘Kid Rock for people Senate,’ shares laying claim to 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 ought to be able to easily navigate the laws, tax codes, wellness care, and anything else the government puts in place 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 American president. 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 to be careful not to confuse Kid Rock with The Rock. PredictIt is asking whether star Dwayne Johnson will throw their name to the ring for the presidency that is US 2020.
A campaign committee called ‘Run the Rock 2020’ recently did file paperwork aided by the Federal Election Committee, which seemed like a more impressive step in a serious direction. The Rock, nonetheless, isn’t really behind the organization wanting 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 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 chance of hitting are a revenue that is popular for the exchange.
ElectionBettingOdds.com, meanwhile, gives the actor a 3.5 % chance of actually winning the White home, comparable chances it offers for Facebook founder Mark Zuckerberg, who can 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 PredictIt may be seeing the value of offering opportunities for wagering on wishful thinking and irrational fears, but really they truly are simply following in the footsteps of Paddy energy.
The infamous Irish bookmaker set the conventional for allowing individuals to bet the unthinkable, at onetime asking customers whether or not then-President Barack Obama would be assassinated.
Paddy Power’s present odds regarding the champion associated with 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 West (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 designed for those who think they may 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 crime in the gambling hub remained ‘serious’ despite the apparent recovery that is economic. (Image: Macau Regular Times)
Macau authorities have busted a bogus ‘pop-up’ VIP casino racket that bilked high-rollers out of millions in presumably crooked baccarat games, in line with the South China Morning Post.
The police research began in June after a man told authorities he have been 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 men and pompeii pokie machine four women, all from the mainland that is chinese.
They’ve been 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 was in operation since 2015, was intricately prepared and executed, with members of the gang posing as dealers, VIP hosts, VIP room operators, protection guards and shill gamblers to be able to trick their prey.
Four ‘customers’ were found in the process to be scammed whenever police swooped on Wednesday, according to Macau’s public broadcaster, TDM.
A lot more than HK$75 million ($9.6 million) worth of gaming chips were bought at the scene. While reports would not specify, it is likely these were ‘rolling chips,’ non-redeemable tokens issued to high rollers by casino as credit to gamble with, rather than the sort of chips that can be exchanged directly for cash. HK$200,000 in hard money was additionally seized, around US$25,600.
The suspects, aged between 35 and 53, are facing numerous charges, ranging from fraud to owning a criminal syndicate.
Last week, 15 mainlanders were detained and accused of managing a high-interest loan-sharking ring focusing on casino gamblers on 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 regarding the gambling hub’s unlawful underbelly, with reports of a increase that is sharp triad-related crime.
Police have stated that the 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 2nd half final 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 upsurge in the number of instances of unlawful detention related to loan-sharking operations,’ he included. ‘As such, police have actually 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 situations weighed against the period that is corresponding of.
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 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 online gambling.
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 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 how internet gambling enterprises are playing a vital role into the recovery of Atlantic City. Of course, it’s an opinion only and another that holds no given weight, as state governments haven’t any input that is direct 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 recreations betting, and perhaps 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 wager … including internet video gaming.’
A copy of this legislation that is signed 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 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 %, bringing the casinos’ main point here to 3.5 percent.
Online gambling has delivered $121.4 million to operators through June, about $26.6 million ahead of where these people were this time last year.
‘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 already made,’ Mazzeo explained.
iGaming’s prominent role in revitalizing Atlantic City is why Mazzeo had small difficulty in garnering support for the resolution that is joint. Just a single ‘nay’ vote arrived in from either chamber, State Senator Shirley Turner (D-Mercer) being the opponent that is lone.
There doesn’t seem 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 just are not terribly invested 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 opt for themselves.
RAWA had been introduced into their respective chambers by Sen. Lindsey Graham (R-South Carolina) and former Rep. Jason Chaffetz (R-Utah). It’s largely thought that those actions came during the behest of Las Vegas Sands CEO Sheldon Adelson, a powerful gop financier who has made it his life’s work to block iGaming.
After lingering for two 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 nj, decided to play their first World group of Poker tournament several weeks ago, the 2017 Main Event. It turned out to be a pretty decision that is good as late into Saturday night, Blumstein survived an original field 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 World Series of Poker’s most prestigious competition two weeks ago, says fame and fortune will perhaps not change whom 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 what I got in real time but it’s just the feeling that is best, I can not even put 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.
Aided by 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 chip lead that is commanding. It was a lead he relinquished just once over the program of the match, when 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 get and was willing getting his chips in and gamble. Ultimately, however, he hit the rail soon 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 name, coming over the most truly effective (OTT in poker parlance), re-raising all-in from the small blind with 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, therefore the tournament that is entire have ended then and there. Alternatively, a master on the flop Ott that is tripled-up and Pollack to the rails.
The ultimate moment ended up being 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 10-day event. With all 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 a spot in poker history.
The new champ says that, while the money is nice, it won’t change his lifestyle all that much. The Temple University graduate, whom holds an accounting degree, told WSOP officials after his win:
‘Just two weeks hence I became a New Jersey online grinder and nothing has really changed.