Delaware Brick-and-Mortar Casino Sector Advisory Board Holds State’s Fate, While Maintaining Cards Close
The Delaware casino that is land-based has been struck hard by increased competition from brand new markets in neighboring states, as the newer 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 taxes that are domestic increased competition across the state line means hard times for the house plus 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 brand new MGM nationwide Harbor, which launched 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 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 a casino relief measure.
However the racinos will have to wait. VLAC will perhaps not publish its suggestions until the fall, and until then, it is maintaining tight-lipped.
Legislation that could have provided relief by producing advertising and capital credits, while quashing the table game fee and lowering the taxation rate on table games, received shrift that is short the typical Assembly in 2015 and 2016.
Begging for a Lifeline
While there is sympathy for the racinos’ plight in the legislature, a big budget deficit has managed to get burdensome for a bill advocating tax relief to gain much traction. 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 Information that a concession that is simple could be easily enacted is 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’t quit, people, and now we can’t sit out another 12 months of not doing such a thing.’
Impossible Odds? Betting Sites Offer Lines on Political, Celebrity Absurdity
Governmental betting markets are doing their best to remain relevant considering that the highly engaging 2016 presidential campaign, by providing online bettors unique lines on events that seem to have little possibility of occurring.
Lines on Kid Rock therefore The Rock’s future in government are a couple of areas on offer 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 of The Rock making a serious bid for the White House in 2020, political betting networks are attempting to keep a connection between celebrity entertainment and influence that is political. It truly worked in 2016 with Donald Trump.
Betting on governmental results is illegal throughout the US (also in Las Vegas), but American politics is a favorite wager that is exotic Europe and elsewhere in the world.
PredictIt.org offers trade 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 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). However, betting money 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. Following a tweet in early July from rap star that revealed a yard indication reading ‘Kid Rock for people Senate,’ shares claim that is laying the idea that he would indeed run soared to 70 cents.
Rock implemented the image with a statement of political philosophy that read, ‘we believe if you work your butt off and pay fees, you ought to be able to easily navigate the laws, taxation 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 did not stop the existing American president. 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, have to be cautious 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 presidency that is US 2020.
A campaign committee called ‘Run the Rock 2020′ recently did file paperwork aided by the Federal Election Committee, which appeared like a larger action in a direction that is serious. The Rock, nonetheless, isn’t actually behind the company wanting to elect him. It’s instead the work of the fan whom 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’ will cost you three quarters.
PredictIt’s willingness to own market on Johnson despite his public declaration that he’s not even considering a 2020 run suggest that celebrity lines with which has no opportunity of striking are a revenue that is popular for the exchange.
ElectionBettingOdds.com, meanwhile, offers the actor a 3.5 % chance of actually winning the White House, similar odds it offers for Facebook founder Mark Zuckerberg, who can turn 35, the age that is minimum allowed for A united states president by the Constitution, in 2019.
What Hath Paddy Energy Wrought
Sites and markets such as for instance PredictIt may be seeing the value of offering opportunities for wagering on wishful thinking and fears that are irrational but really they’ve been 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 current odds on the champion associated with 2020 election feature Trump as the(2-1 that is favorite, 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 couple of the picks available for those who think they could see something in an 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 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 June after a man told authorities he have been defrauded of HK$4 million (around $500,000).
Officers from the Judiciary Police raided an unidentified hotel in the gambling hub on Wednesday, arresting 15 males and four women, all from the mainland that is chinese.
These are typically 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 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 found in the process of being scammed when police 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 failed to 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 sort of chips that may be exchanged directly for cash. HK$200,000 in difficult currency was also seized, around US$25,600.
The suspects, aged between 35 and 53, are facing numerous charges, ranging from fraud to managing a syndicate that is criminal.
Last week, 15 mainlanders were detained and accused of owning a loan-sharking that is high-interest targeting casino gamblers regarding 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 upsurge 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 video gaming industry has stabilized since the second 1 / 2 of last year, the crime that slot shogun is gaming-related remains serious,’director of Judiciary Police Chau Wai Kuong said this week in a statement.
‘We have actually witnessed an escalation in how many instances of unlawful detention related to operations that are loan-sharking’ he added. ‘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 year, up by 74 situations 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 later a week ago that urges President Donald Trump, members of his management, and Congress to oppose any legislation that could 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 rebel 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 quality seeks to inform the president and Congress on how internet gambling enterprises are playing a vital role within the recovery of Atlantic City. Of program, it’s an opinion only plus one that holds no given weight, as state governments have no 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 said the longstanding Wire Act applied only to sports betting, and not other forms 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 cable communication of any bet or wager … including internet video gaming.’
A copy associated with the 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 support 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 data recovery.
Through June, land-based gaming win is up 1.5 percent. However, internet gambling has soared over 28 per cent, bringing the casinos’ main point here to 3.5 percent.
Web gambling has delivered $121.4 million to operators through June, about $26.6 million ahead of where these were this time around this past year.
‘A federal prohibition against internet gaming would directly and negatively impact brand New Jersey by dismantling the investments that hawaii and Atlantic City casinos have already made,’ Mazzeo explained.
iGaming’s prominent part in revitalizing Atlantic City is the reason why Mazzeo had little 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 lone opponent.
There doesn’t be seemingly much enthusiasm in Washington to take up RAWA, or similar anti-online gambling legislation. Previous committee hearings in the House and Senate didn’t change the undeniable fact that most in Congress simply 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 decide for themselves.
RAWA ended up being 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 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 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, chose to play his first World variety of Poker tournament a couple of months ago, the 2017 Main Event. It switched out to be always 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 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 many prestigious tournament fourteen days ago, says fame and fortune will maybe 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 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 is just the most readily useful feeling, I can not even put it into terms.’
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 the November Nine concept scrapped in favor of three consecutive portions of final-table play, broadcast with a 30-minute delay by ESPN on Thursday, Friday, and Saturday, Blumstein started the new structure final table with a commanding chip lead. It had been a lead he relinquished only once over the course associated with 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 last nights 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, 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 utmost effective (OTT in poker parlance), re-raising all-in from the small blind with 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, and the entire tournament could have ended then and there. Instead, a king on the flop tripled-up Ott and sent Pollack to the rails.
The final moment had been postponed for the next 60-odd hands, and when it came, it arrived via a slice of luck for Blumstein, who played solidly 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 in the river, ending the Main Event and assuring Blumstein an area in poker history.
The brand new champ says that, although the cash is nice, it will not change his lifestyle all that much. The Temple University graduate, whom holds an accounting degree, told WSOP officials after their win:
‘Just two weeks ago I happened to be a New Jersey online grinder and nothing has really changed.