The Delaware land-based casino sector 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 just publicly traded racino, but high domestic taxes and increased competition throughout 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 year Pennsylvania began 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 started 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 spend higher state taxes than their counterparts across the edge, and they’re 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 government policy on gambling and could urge lawmakers to pass a casino relief measure.
However the racinos will need to wait. VLAC will perhaps not publish its recommendations until the fall, and until then, it is maintaining tight-lipped.
Legislation that would have provided relief by producing advertising and capital credits, while quashing the dining table game fee and lowering the taxation rate on table games, received short shrift in 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 to be 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 concession that is simple could be easily enacted is always to permit the racinos to operate on Christmas and Easter, which would 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’t surrender, folks, and we can’t sit another year out of not doing any such thing.’
Impossible Chances? Betting Sites Offer Lines on Political, Celebrity Absurdity
Governmental betting markets are doing their best to remain relevant since the highly engaging 2016 campaign that is presidential by providing online bettors unique lines on events that appear to have little possibility of occurring.
Lines on Kid Rock therefore The Rock’s future in government are a couple of areas to be had at political sites that are betting. (Image: Terry Renna/Associated Press/WWE/Collage by Casino.org)
From Kid Rock’s operating for the US Senate to talk of The Rock making a serious bid for the White House in 2020, political betting networks are trying to maintain a connection between celebrity entertainment and influence that is political. It undoubtedly worked in 2016 with Donald Trump.
Betting on governmental outcomes is illegal throughout the United States (even in vegas), but American politics is a well liked exotic bet across 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 instead of establishing 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). Nevertheless, betting money is currently against Rock officially running.lightning link pokies rules
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 sign reading ‘Kid Rock for US Senate,’ shares claim that is laying the concept which he would certainly run soared to 70 cents.
Rock adopted the image with a statement of political philosophy that read, ‘I believe if you work your butt off and pay fees, you is able to easily navigate the laws, taxation codes, health care, and whatever else the government puts in spot that affects us all.’
The 46-year-old singer from Michigan hasn’t run for or held elected office, but that did not 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 course, need to be cautious to not confuse Kid Rock with The Rock. PredictIt is asking whether actor Dwayne Johnson will throw their name in to the ring for the presidency that is US 2020.
A campaign committee called ‘Run the Rock 2020′ recently did file paperwork with all the Federal Election Committee, which appeared like a larger step in a serious direction. The Rock, nonetheless, isn’t actually behind the company attempting to elect him. It’s instead the work of a 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’ can 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 suggest that celebrity lines with virtually no chance of hitting are a popular revenue stream for the exchange.
ElectionBettingOdds.com, meanwhile, offers the actor a 3.5 per cent chance of actually winning the White home, similar odds it offers for Facebook creator Mark Zuckerberg, that will turn 35, the age that is minimum allowed for A us president by the Constitution, in 2019.
Just What Hath Paddy Power Wrought
Sites and markets such as for instance PredictIt may be seeing the value of offering opportunities for wagering on wishful thinking and irrational fears, but really they’re simply after in the footsteps of Paddy Power.
The Irish that is infamous bookmaker the standard for allowing individuals to bet the unthinkable, at one time asking clients whether or not then-President Barack Obama would be assassinated.
Paddy Power’s current odds on the champion for the 2020 election feature Trump as the favourite (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 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 could see something in a 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 Constant 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, according to 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 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 have been accused of luring high-rollers to hotel rooms which 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 planned and executed, with members of the gang posing as dealers, VIP hosts, VIP room operators, security guards and shill gamblers in order to trick their prey.
Four ‘customers’ were based in the procedure to be scammed whenever authorities swooped on Wednesday, according to Macau’s public broadcaster, TDM.
More than HK$75 million ($9.6 million) worth of gaming chips were available at the scene. While reports would not specify, it’s 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 which can be exchanged directly for cash. HK$200,000 in hard 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 owning a syndicate that is criminal.
Last week, 15 mainlanders had been detained and accused of running a loan-sharking that is high-interest focusing on casino gamblers on the Cotai Strip.
Taking Crime Seriously
Gaming-related crime has risen into 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 a increase that is sharp triad-related criminal activity.
Police have said that the true number of illegal detentions, which largely 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 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 witnessed a boost in the amount of cases of unlawful detention related to loan-sharking operations,’ he included. ‘As such, police have strengthened patrols, having detected 20 instances of gaming-related unlawful detention in just one day.’
Macau’s Judiciary Police recorded a total of 734 suspected gaming-related crimes in the first five months of this 12 months, up by 74 situations in contrast to the corresponding period of 2016.
Nj’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 management, and Congress to oppose any legislation that would prohibit individual states from authorizing and managing gambling that is online.
New Jersey State Representative Vincent Mazzeo has authored a bill that asks federal leaders to push back against any measures that will 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 quality seeks to inform the president and Congress on how internet casinos are playing a vital role into the recovery of Atlantic City. Of course, it’s an opinion just and something that holds no given weight, as state governments don’t have any direct input into federal laws.
The issue that is main once 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 just to sports betting, and maybe 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 their administration, would prohibit the transmission of wire communication of any bet or bet … including internet gaming.’
A copy associated with 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 publishing gains, and online gambling is playing a leading part in the fiscal data recovery.
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 year that is last.
‘A federal prohibition against 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 difficulty in garnering support for the joint quality. 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. Previous committee hearings inside your home and Senate don’t change the fact that most in Congress simply aren’t terribly invested 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 decide for themselves.
RAWA ended up being introduced into their particular chambers by Sen. Lindsey Graham (R-South Carolina) and previous Rep. Jason Chaffetz (R-Utah). It’s largely 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 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 New Jersey, chose to play his first World number of Poker tournament a few months ago, the 2017 Main Event. It switched out to be a pretty good decision, as late into Saturday evening, Blumstein survived an initial field of over 7,200 entrants to collect $8.15 million plus 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 tournament fourteen days ago, says fame and fortune will maybe not change whom he is. (Image: ABCNews.com)
It had been not long after midnight Pacific Time on Sunday morning, readily available 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 what I got in real time but it’s just the feeling that is best, I can’t also place it into words.’
First Time’s the Charm
Despite making a living as an on-line grinder back home in New Jersey, it was the initial time Blumstein had ever ventured to the Rio in Las vegas, nevada to play live in some sort of Series event.
With all 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 began the brand new format last table with a commanding chip lead. It was a lead he relinquished just once over the course regarding 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, 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 Pollack that is short-stacked had to achieve and was prepared to have his chips in and gamble. Ultimately, though, he hit the rail immediately 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 his title, coming over the very best (OTT in poker parlance), re-raising all-in from the blind that is small K-9. Blumstein saw potential to go on it 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. Rather, a king on the flop tripled-up Ott and sent Pollack to the rails.
The final moment was postponed for another 60-odd hands, and when it came, it arrived via a piece of luck for Blumstein, who played sturdily throughout the 10-day event. 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 in the river, ending the Main Event and assuring Blumstein an area in poker history.
The brand new champ says that, whilst the cash is nice, it’s not going to change 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.