N.Y. Eyes Sports Betting; Questions Slumping Results for New Casinos
With expectations mounting that the U.S. Supreme Court will overturn a federal ban on sports wagering the New York legislature will have at least one legalization bill to consider in its next session. Lawmakers, meanwhile, are huddling to come up with ways to bypass a constitutional amendment. This comes with a backdrop of disappointing revenue results at the three new casinos, including Rivers Casino (l.) in Schenectady where the GM resigned last week
Massachusetts Casinos Rising Rapidly
The Wynn Boston Harbor near Boston and the MGM Springfield (l.) are both rising rapidly from their building sites. The Wynn is due to open in 2019 and the MGM will open less than a year from now.
PA Mini-Casinos Surrounded by Questions
Pennsylvania’s approval of satellite “mini-casinos” is surrounded by questions and potential lawsuits after a clause in the law emerges that was designed for one casino. The clause benefits Mount Airy casino (l.) and has many experts scratching their heads.
Raiders Break Ground on LV Stadium
Construction of the Las Vegas Raiders’ 65,000-seat domed stadium is formally under way. Only the question now is whether Congress will ban the tax-exempt public financing that is covering nearly 40 percent of the project’s $1.9 billion price tag.
AGA Wants to Preserve Full Interest Deductibility in Tax Reform
The American Gaming Association has made common cause with other business-oriented associations to oppose removing full interest deductibility in the tax reform legislation being considered in Congress. The AGA just joined the Businesses United for Interest and Loan Deductibility Coalition.
MGM Laying Off Hundreds at Mandalay Bay
Business is down at the Strip hotel where a gunman staged the worst mass shooting in U.S. history and owner MGM Resorts is cutting jobs in response. Insurers, meanwhile, have begun to tally the cost of the tragedy, and it’s expected to easily top $1 billion.
Black Friday Gamblin’: Churchill Downs, Del Mar, Aqueduct & More
The long Thanksgiving weekend is a great time to place a bet or two. There are several seasonal horse races, including Churchill Downs, Del Mar, Aqueduct and lots more that offer big opportunities. Plus, there’s plenty of football, basketball and hockey to pass the time.
LVS Plans Strip Concert Venue
The resort giant is joining forces with Madison Square Garden Company to bring another large-scale events center to the Las Vegas Strip. Preliminary plans call for a mixed-use facility of more than 500,000 square feet with a residential component.
Firm Seeking Atlantic City’s Closed Revel Casino’s Buys Adjacent Land
Though New York-based Keating & Associates LLC, which is seeking to buy the closed Revel Atlantic City casino, does not appear to be the frontrunner for the property, it has signed a contract to buy a one-acre development site adjacent to the Revel site. The company indicated they are planning a retail and restaurant complex at the site.
playMGM Offers $10 Online Satellites for Bellagio’s WPT Five Diamond Classic in Vegas
The New Jersey online poker site, playMGM, is offering online satellites for the World Poker Tour Bellagio Five Diamond World Poker Classic’s main event starting at $10. The Las Vegas tournament starts on December 5
WSOP.com Celebrates 4th Anniversary with NJ Poker Classic, New Promotions
WSOP.com is doing up its fourth anniversary right! Its inaugural New Jersey Poker Classic kicks off November 10 with $500,000 in guaranteed prize pools. And, WSOP has several special deposit matches, bonuses and more.
Pennsylvania Becomes 4th State to Legalize iGaming
Pennsylvania Governor Tom Wolf has signed a major gaming expansion bill, which includes legalization of iGaming and DFS, along with many other gaming expansion provisions. The new law takes effect December 22.
