States Open New Sports Betting Choices
On April 3, Nevada’s Gaming Control Board added the 2020 eNASCAR iRacing Pro Invitational Series and 2020 ESL One-Dota Los Angeles to its list of approved sports to bet on. The approval marked the second time in as many weeks the board has added new betting opportunities, and the first time Nevada sportsbooks have been […]
West Virginia Shuts Down Election Wagering
Within about two hours, FanDuel Sportsbook’s presidential wagering came and went. Company officials said they had received approval from the West Virginia Lottery on Tuesday, April 7 to offer betting on the November presidential election. But FanDuel abruptly dropped the market after hearing being notified by West Virginia Secretary of State Mac Warner. “I do […]
Casino Billionaire Fertitta Looking for Lenders
Tilman Fertitta, a Texas billionaire who owns a gaming and restaurant empire, is offering 15 percent interest to lenders willing to help him stay afloat until the pandemic recedes—which he figures will be around the end of the year. He seeks $250 million in what is being described as a “risky corporate loan.” Fertitta owns […]
Wynn Looks to Borrow $600 Million
Wynn Resorts plans to sell $600 million in bonds to keep the gaming giant going through the Covid-19 crisis that has shuttered its three U.S. casinos and ravaged earnings from its operations in Macau. Las Vegas-based Wynn said it plans to use the proceeds from the private five-year offering for general corporate purposes and to […]
Connecticut Council Presses for Online Gaming
The Southeastern Connecticut Council of Governments (SCCOG), which represents 22 municipalities in the region served by the state’s two tribal casinos, last week urged Governor Ned Lamont to allow by executive order—if temporarily—the Mashantucket Pequot and Mohegan tribes to offer online gaming. They see it as a way to staunch some of the hemorrhaging of […]
FEMA OKs Disaster Relief for Nevada
Nevada will be getting federal dollars to help the state’s hard-pressed municipalities in their fight against the Covid-19 pandemic. Governor Steve Sisolak, who declared a state of emergency back in March, said Nevada’s request for a major disaster declaration was approved by the Federal Emergency Management Agency (FEMA), one of three dozen states approved to […]
Some Atlantic City Casinos May Not Survive Coronavirus
Atlantic City is a ghost town these days due to the Covid-19 outbreak, and the state could lose $540 million per month in casino-related revenues as the lockdown continues, says the American Gaming Association. The mandatory casino closure has left more than 26,000 casino workers jobless and will take a big bite out of the […]
Carolina Tribes Lock Horns Over Off-Res Casino
The Eastern Band of Cherokee Indians in North Carolina and the Catawba Indian Nation in South Carolina have a long history of fighting each other for survival. The battle continues today as the 3,400-member, financially struggling Catawbas seek to open a casino in Kings Mountain, North Carolina, 30 miles northwest of their reservation in Rock […]
States Hemorrhaging Taxes Due to Casino Shutdown
A new analysis by Bloomberg Tax paints a dismal picture for states that rely on leisure industries—gaming, tourism and hospitality—for a share of their tax revenues. Some states will be especially hard-hit by the nationwide shutdown of the casino industry, which began in mid-March and soon will go into its second month. Topping the list: […]
Betting the Ponies? Watch The Jockeys, Too
What, no baseball? No hockey playoffs? No NBA? Most major-league sports remain on ice, but horse racing goes on. There’s no better time to check out the sport of kings. You’ll find interesting action at Oaklawn Park in Hot Springs, Arkansas and Gulfstream Park in Hallandale Beach, Florida. Let’s look at the tracks and the […]
Online Poker for Beginners
With U.S. casinos still shuttered due to the Covid-19 crisis, maybe you’ve turned to online casinos for a little recreation. Online poker sites are also up and running, with their usual slate of special tournaments and live cash games. If you’ve never played online, now’s a great time to start. Here’s a beginner’s rundown on […]
Expert Tips for Winning at the Track
It’s been called the most exciting two minutes in sports: the fabled Kentucky Derby. In 1988, at a shabby Tijuana racetrack, race fans Mark “Miami” Paul and his pal Dino Mateo placed futures bets on an up-and-coming horse called Winning Colors. They wagered $5,000 on the long shot, at 100-1 odds. If they won, they’d […]
