Delaware Brick-and-Mortar Casino Sector Advisory Board Holds State’s Fate, While Maintaining Cards Close

Delawar<span id="more-8482"></span>e Brick-and-Mortar Casino Sector Advisory Board Holds State’s Fate, While Maintaining Cards Close

The Delaware casino that is land-based is hit hard by increased competition from 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 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 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 advertising drives, drawing even more customers away from Delaware’s ailing properties.

The three racinos cannot compete because they pay higher state taxes than their counterparts across the edge, and they are begging legislators for help.

Taxed Out of 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 through a casino relief measure.

Nevertheless the racinos will have to wait. VLAC will perhaps not publish its suggestions until the fall, and until then, it’s keeping tight-lipped.

Legislation that would have provided relief by producing advertising and capital credits, while quashing the table game fee and lowering the tax rate on dining 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 large budget deficit has managed to make it hard for a bill advocating tax relief to achieve 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 would be to allow the racinos to use on Christmas and Easter, which will make an estimated $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, folks, and we can’t sit another year out of not doing such a thing.‘

Impossible Chances? Betting Sites Offer Lines on Political, Celebrity Absurdity

Political betting markets are doing their best to keep relevant since the highly engaging 2016 campaign that is presidential by offering online bettors unique lines on events that appear to have little chance of occurring.

Lines on Kid Rock as well as The Rock’s future in government are a couple of markets to be had at political betting websites. (Image: Terry Renna/Associated Press/WWE/Collage by

From Kid Rock’s operating for the US Senate to talk for the Rock creating a serious bid for the White home in 2020, political betting networks are attempting to maintain a connection between celebrity entertainment and governmental impact. It definitely worked in 2016 with Donald Trump.

Betting on governmental outcomes is illegal throughout the United States (also in Las vegas, nevada), but American politics is a well liked exotic wager across Europe and elsewhere on earth. offers trade wagering, which really is a slightly different variant of wager that trades stocks in real time on predicted outcomes of political events. (Exchanges charge a commission on trades in place of setting 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, running can sell for 40 cents, while no, he won’t run shares are at 60 cents. Adhering to a tweet in early July from rap star that showed a yard sign reading ‚Kid Rock for US Senate,‘ shares laying claim to the concept he would certainly run soared to 70 cents.

Rock accompanied the image with a statement of political philosophy that read, ‚I believe if you work your butt off and pay taxes, you is able to effortlessly navigate the laws, income tax codes, health care, and whatever else the government puts in destination that affects us all.‘

The 46-year-old singer from Michigan has never run for or held elected office, but that didn’t stop the present American president. Ritchie reportedly 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, need certainly to be cautious not to confuse Kid Rock with The Rock. PredictIt is asking whether actor Dwayne Johnson will throw their name to the ring for the US presidency in 2020.

A campaign committee called ‚Run the Rock 2020‘ recently did file documents utilizing the Federal Election Committee, which seemed like a bigger action in a direction that is serious. The Rock, however, isn’t actually behind the company trying to elect him. It’s instead the ongoing work of a fan who 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‘ can 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 recommend that celebrity lines with without any possibility of hitting are a popular income flow for the exchange., meanwhile, provides the actor a 3.5 % chance of actually winning the White home, comparable chances 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.

Just What Hath Paddy Power Wrought

Sites and markets such as PredictIt may be seeing the value of offering opportunities for wagering on wishful thinking and fears that are irrational but really these are typically simply after in the footsteps of Paddy Power.

The Irish that is infamous bookmaker the standard for allowing people to bet the unthinkable, at onetime asking clients whether or not then-President Barack Obama would be assassinated.

Paddy Power’s current odds regarding the winner regarding the 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 chances sheet. Leonardo DiCaprio (80-1), Kanye western (100-1), Beyoncé (200-1), fictional home of Cards president Kevin Spacey (200-1), and Kim Kardashian (275-1) are just a few of the picks readily available for those who think they may see something within 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 Everyday 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, in line with the South China Morning Post.

The police investigation started in after a man told authorities he had been defrauded of HK$4 million (around $500,000) june.

Officers through the Judiciary Police raided an unidentified hotel in the gambling hub on Wednesday, arresting 15 men and four women, all from the mainland that is chinese.

They truly are 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 was 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 so that you can trick their victim.

Four ‚customers‘ were based in the procedure of being scammed when authorities swooped on according to Macau’s public broadcaster, TDM wednesday.

More than HK$75 million ($9.6 million) worth of gaming chips were found at the scene. While reports did not specify, it is likely these were ‚rolling chips,‘ non-redeemable tokens issued to rollers that are high casino as credit to gamble with, as opposed to the sort of chips that can be exchanged directly for cash. HK$200,000 in difficult money had been additionally seized, around US$25,600.

The suspects, aged between 35 and 53, are facing numerous charges, ranging from fraud to running a criminal syndicate.

Last week, 15 mainlanders had been detained and accused of running a loan-sharking that is high-interest targeting casino gamblers in the Cotai Strip.

Taking Crime Seriously

Gaming-related crime has risen in the enclave since Beijing’s anti-corruption drive almost 3 years ago. The crackdown on the junket industry has put the squeeze in the gambling hub’s criminal underbelly, with reports of a razor-sharp upsurge in triad-related criminal activity.

Police have said that the true 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 50 % of last year, the gaming-related crime situation remains serious,’director of Judiciary Police Chau Wai Kuong said this week in a statement.

‚We have witnessed a boost in the number of cases of unlawful detention related to operations that are loan-sharking‘ he included. ‚As such, police have strengthened patrols, having detected 20 instances 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 year, up by 74 situations compared with the period that is corresponding of.

Nj-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 last week that urges President Donald Trump, members of his management, and Congress to oppose any legislation that will prohibit individual states from authorizing and managing 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 would 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 resolution that is joint to notify 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 just and one that carries no given fat, as state governments don’t have any 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 viewpoint that stated the longstanding Wire Act applied just to activities betting, and perhaps not other forms of gambling.

Mazzeo’s quality explains, ‚Recent federal measures, such as [RAWA], introduced within the 114th Congress, if pursued by the 115th Congress and supported by President Trump and their 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, United States House and Senate leaders, Attorney General Jeff Sessions, and different other political powers in Washington, DC.

Internet Gaming Wins

Garden State politicians have plenty of reason to aid Mazzeo’s bill. Atlantic City’s remaining seven casino operators are finally publishing gains, and online gambling is playing a leading role 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‘ bottom line to 3.5 percent.

Online 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 federal prohibition against internet video gaming would directly and negatively impact New Jersey by dismantling the investments that their state and Atlantic City casinos have actually currently made,‘ Mazzeo explained.

iGaming’s prominent part in revitalizing Atlantic City is just why Mazzeo had little difficulty in garnering support for the resolution that is joint. Just a single ’nay‘ vote came in from either chamber, State Senator Shirley Turner (D-Mercer) being the lone opponent.

Not Biting

There doesn’t seem to be much enthusiasm in Washington to take up RAWA, or similar anti-online gambling legislation. Previous committee hearings in the home and Senate don’t change the undeniable fact that most in Congress just are not terribly spent in discussing gaming that is internet at the federal degree, a matter that the Republican-controlled Congress would seemingly prefer to leave up to each state to decide for themselves.

RAWA was 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 arrived during 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 2 years, RAWA hasn’t 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 variety of Poker tournament a few weeks ago, the 2017 Main Event. It turned out to be a pretty decision that is good as late into Saturday night, Blumstein survived an original industry of over 7,200 entrants to collect $8.15 million along with a jewel-encrusted champ’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:

It was not long after midnight Pacific Time on Sunday morning, on hand 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 the things I got in real time but it’s just the best feeling, I can not even place it into words.‘

First Time’s the Charm

Despite generating an income as an online grinder back home in New Jersey, it was the initial time Blumstein had ever ventured to the Rio in vegas to play inhabit a World Series event.

With all the November Nine concept scrapped in favor of three consecutive segments of final-table play, broadcast with a 30-minute delay by ESPN on Thursday, Friday, and Saturday, Blumstein began the new structure last table with a chip lead that is commanding. It had been a lead he relinquished only one time over the program of the match, whenever crowd that is jovial and British granddad John Hesp briefly wrestled top spot through the chip-stacking juggernaut.

Hesp busted out in fourth, establishing up a final night of 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 prepared 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 up to their title, coming over the very best (OTT in poker parlance), re-raising all-in from the small blind with K-9. Blumstein saw potential to go all down right there, and called from he big blind with A-Q. Blumstein had been ahead pre-flop, and the entire tournament could have ended then and there. Instead, a master on the flop Ott that is tripled-up and Pollack to the rails.

The ultimate moment was postponed for another 60-odd hands, and when it came, it came via a slice of luck for Blumstein, who played sturdily throughout the event that is 10-day. A spot in poker history with all 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.

The brand new champ claims that, whilst the cash is nice, it won’t alter his lifestyle all that much. The Temple University graduate, who holds an accounting level, told WSOP officials after their win:

‚Just two weeks hence I became a New Jersey online grinder and nothing has really changed.

Leave a Reply

You must be logged in to post a comment.