The Delaware casino that is land-based 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 only publicly traded racino, but high domestic taxes and increased competition throughout the state line means crisis for the house and 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 new MGM nationwide Harbor, which exposed in Maryland late last 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 marketing 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 Out of the Market
This week, the Delaware’s Video Lottery Advisory Council (VLAC) met to discuss the status of Diamond State’s three casinos. 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 need to wait. VLAC will perhaps not publish its tips until the fall, and until then, it’s maintaining tight-lipped.
Legislation that would have supplied relief by producing advertising and capital credits, while quashing the table game fee and lowering the taxation rate on dining table games, received short shrift in the General Assembly in 2015 https://freecleopatraslots.org/ and 2016.
Begging for a Lifeline
While there is sympathy for the racinos’ plight in the legislature, a large spending plan deficit has caused it to be hard for a bill advocating tax relief to gain much traction. 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 concession that is simple could be easily enacted would be to permit the racinos to work on Christmas and Easter, which will make 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 surrender, folks, so we can’t sit another year out of not doing such a thing.’
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 offering online bettors unique lines on activities that appear to have little chance of occurring.
Lines on Kid Rock therefore The Rock’s future in government are two markets to be had at political wagering websites. (Image: Terry Renna/Associated Press/WWE/Collage by Casino.org)
From Kid Rock’s operating for the United States Senate to talk associated with Rock making a serious bid for the White home in 2020, political betting networks are attempting to keep a connection between celebrity entertainment and political influence. It truly worked in 2016 with Donald Trump.
Betting on political outcomes is illegal through the United States (even in Las vegas, nevada), but American politics is a favorite exotic wager across Europe and elsewhere on the planet.
PredictIt.org offers trade betting, which is really a slightly different variant of wager that trades stocks in genuine time on predicted outcomes of political events. (Exchanges charge a commission on trades in the place 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 cash is currently against Rock officially operating.
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 revealed a yard sign reading ‘Kid Rock for all of us Senate,’ shares claim that is laying the concept that he would indeed run soared to 70 cents.
Rock observed the image with a statement of political philosophy that read, ‘I believe you will be able to easily navigate the laws, income tax codes, health care, and anything else the us government puts in position that affects us all. if you work your butt off and pay fees,’
The 46-year-old singer from Michigan has never run for or held elected office, but that don’t stop the existing American president. Ritchie apparently 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, have to be cautious to not confuse Kid Rock with The Rock. PredictIt is asking whether star 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 utilizing the Federal Election Committee, which seemed like a larger step in a direction that is serious. The Rock, but, isn’t actually behind the company trying to elect him. It’s instead the ongoing work of the 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’s not even considering a 2020 run recommend that celebrity lines with virtually no chance of striking are a revenue that is popular for the exchange.
ElectionBettingOdds.com, meanwhile, provides the actor a 3.5 per cent chance of actually winning the White home, comparable chances it offers for Facebook creator Mark Zuckerberg, who can turn 35, the age that is minimum allowed for A united states 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 following in the footsteps of Paddy Power.
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 current odds in the champion associated with 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 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 readily available for those who think they could 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 recovery that is economic. (Image: Macau Daily Times)
Macau authorities have busted a bogus ‘pop-up’ VIP casino racket that bilked high-rollers out of millions in presumably baccarat that is crooked, in line with the South China Morning Post.
The police research 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 Chinese mainland.
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 was indeed in operation since 2015, was intricately prepared 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 prey.
Four ‘customers’ were based in the process to be scammed when police swooped on Wednesday, according to Macau’s general public broadcaster, TDM.
A lot more than HK$75 million ($9.6 million) worth of gaming chips were found at the scene. While reports didn’t specify, it is likely these were ‘rolling chips,’ non-redeemable tokens issued to high rollers by casino as credit to gamble with, instead of the type of chips that can be exchanged directly for cash. HK$200,000 in difficult currency 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 criminal syndicate.
Last week, 15 mainlanders had been detained and accused of managing a loan-sharking that is high-interest focusing on casino gamblers in the Cotai Strip.
Taking Crime Seriously
Gaming-related crime has risen in the enclave since Beijing’s anti-corruption drive almost three years ago. The crackdown on the junket industry has put the squeeze on the gambling hub’s criminal underbelly, with reports of the increase that is sharp triad-related crime.
Police have stated that the number 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 2nd 1 / 2 of last year, the crime that is gaming-related remains serious,’director of Judiciary Police Chau Wai Kuong said this week in a statement.
‘We have witnessed a boost in how many cases of unlawful detention related to loan-sharking operations,’ he included. ‘As such, police have actually strengthened patrols, having detected 20 cases 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 instances in contrast to 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 will prohibit individual states from authorizing and regulating 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 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 quality seeks to inform the president and Congress how internet casinos are playing a vital role within the recovery of Atlantic City. Of program, it’s an opinion only and something that holds no given weight, 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 opinion that stated the longstanding Wire Act applied just to recreations betting, and perhaps not other types of gambling.
Mazzeo’s resolution explains, ‘Recent federal measures, such as [RAWA], introduced in the 114th Congress, if pursued by the 115th Congress and supported by President Trump and their management, would prohibit the transmission of wire communication of any bet or wager … including internet video gaming.’
A copy of this 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 lots of reason to guide Mazzeo’s bill. Atlantic City’s remaining seven casino operators are finally posting gains, and online gambling is playing a leading part in the fiscal 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 prohibition that is federal internet gaming would directly and negatively impact brand New Jersey by dismantling the investments that their state and Atlantic City casinos have currently made,’ Mazzeo explained.
iGaming’s prominent part in revitalizing Atlantic City is the reason why Mazzeo had small trouble in garnering support for the joint resolution. 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 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 opt for themselves.
RAWA ended up being introduced into their respective chambers by Sen. Lindsey Graham (R-South Carolina) and previous Rep. Jason Chaffetz (R-Utah). It’s mostly thought that those actions arrived 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 just two years, RAWA has not 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 his first World Series of Poker tournament a few months ago, the 2017 Main Event. It turned out to become a pretty good decision, as late into Saturday night, Blumstein survived an original field of over 7,200 entrants to take home $8.15 million plus 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 had been not long after midnight Pacific Time on Sunday morning, on hand 256 of the WSOP Main Event table that is final 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 not even 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.
With all the November Nine concept scrapped in favor of three consecutive portions of final-table play, broadcast with a 30-minute wait by ESPN on Thursday, Friday, and Saturday, Blumstein began the new structure last table with a commanding chip lead. It was a lead he relinquished only one time over the course associated with match, when 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 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 achieve and was ready to get his chips in and gamble. Ultimately, though, 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 as much as his 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 take it all down right there, and called from he big blind with A-Q. Blumstein had been ahead pre-flop, plus the entire tournament could have ended then and there. Rather, a master on the flop Ott that is tripled-up and Pollack to the rails.
The last 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 solidly 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 on the river, ending the Main Event and assuring Blumstein an area in poker history.
The brand new champ says that, while the money is nice, it’s not going to alter 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.