Las Vegas Strip Still a No-No for the NFL
The league isn’t moving off a longstanding policy that bans images of the famed neon way from TV commercials aired during games. Undaunted, one of the city’s top advertising executives promised, “We’ll find ways to get our points across.” And when the Super Bowl is located in Las Vegas, it could have a multi-billion-dollar impact on the city.
Atlantic City’s Ocean Resort Sorts Out Cash Problems
Atlantic City’s Ocean Resort casino has re-stocked its cash reserves and is beginning to turn itself around financially as it awaits new owners, a trustee overseeing the property said. Trustee Eric Matejevich told the Associated Press that the property can meet state-imposed requirements to have at least $36 million on hand at all times.
Genting Stops Funding Mashpee Wampanoag Tribe
The Mashpee Wampanoag Tribe is no longer getting governmental support funds from the company that it partnered with to build the $1 billion First Light Resort and Casino. Nevertheless, the tribe is continuing to pay $500,000 a year to Taunton, its casino host city.
Georgia Casino Bill Requires A Referendum
A Georgia House committee approved a constitutional amendment allowing voters to approve casino gambling. House Speaker David Ralston, Governor Brian Kemp (l.) and Lieutenant Governor Geoff Duncan all said they’re personally opposed to gambling but won’t block the legislation that would require two-thirds support in each chamber and approval by a majority of voters in a November 2020 referendum.
Competing Casino Bills Move Forward in Connecticut
Lawmakers in the Connecticut legislature voted last week to move forward two bills that are diametrically opposed to each other. One would authorize an open bidding process for commercial casinos. The other would cement the existing exclusive gaming arrangement with the state’s gaming tribes that would allow them to build a third casino (l.) in East Windsor.
Atlantic City’s Resorts Casino Hotel Announces New Expansions
Atlantic City’s Resorts Casino Hotel has just opened its new $125 million renovations to the public. It also announced new expansions in the works.
Texas Legislator Proposes 13 Casinos
County referendums could be held in Texas if legislation filed by state Rep. Roland Gutierrez (l.) is successful. It would approve 13 destination casino resorts. Gutierrez said the state is losing $3 billion a year to neighboring states that allow casinos, money that could be used for education, infrastructure and emergencies.
Pennsylvania iLottery Hosts $50K Pot of Gold Prize Draw Through March 17
The Pennsylvania iLottery is hosting a $50,000 Pot of Gold Prize Draw through St. Patrick’s Day, with weekly prize drawings awarding 100 players $50. The iLottery also offers lots of exciting games. Here’s our overview.
States May Sue To Overturn New Wire Act Ruling
Frustrated at a recent Department of Justice interpretation of the federal Wire Act of 1961 that could threaten online sports betting, several states are threatening to take the DOJ to court. They include Pennsylvania and New Jersey, where Senate President Steve Sweeney (l.) asked the DOJ to rescind the new memo.
Icahn Moves on Caesars
After buying a pile of Caesars Entertainment stock, corporate raider Carl Icahn wants the gaming giant to put itself up for sale to boost its value. With little choice, Caesars says it will “carefully evaluate” his wishes. Icahn also wants a seat on the Caesars board.
Golden Nugget Atlantic City Launches Online Sportsbook
Golden Nugget Atlantic City (l.) has launched its own branded sportsbook making it the 13th online sportsbook in the New Jersey Market. The casino also operates a live sportsbook. The sportsbooks, however, cannot take bets on NBA games as Golden Nugget owner Tilman Fertitta also owns the Houston Rockets
PayPal Criticized in UK for Fueling Gambling Debt
PayPal has come under fire in the UK where it is estimated that UK gamblers spend up to £150,000 a day. The UK is about to review whether to ban credit card payments to bookmakers and the online payment system is being accused of allowing problem gamblers to circumvent banking limits. UK officials are calling on PayPal to be more responsible in protecting problem gamblers.
