Tribes welcome the opportunity to add sports books to casinos

Las Vegas Sun Stories: Gaming

Tribes welcome the opportunity to add sports books to casinos

American Indian tribes are welcoming an opportunity to offer sports betting in potentially hundreds of casinos across the country after ...

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Pennsylvania casinos await legal sports betting as tables tank

Casino – CalvinAyre.com

Pennsylvania casinos await legal sports betting as tables tank

Pennsylvania’s casino operators posted a modest gaming revenue decline in April as action at their gaming tables grew cold.

Figures released this month by the Pennsylvania Gaming Control Board show the state’s 12 casino operators reported combined gaming revenue of $280.8m in April, down 1.56% from the same month last year. The total is also well off March’s record $300.5m result.

The state’s slot machines did their part to keep the numbers up, with statewide slots revenue inching up 0.2% year-on-year to just under $206.2m. But only four operators were in positive slots territory for the month, led by market leader Parx Casino, which improved 6% to $35.6m, while runner-up Sands Bethlehem dipped 1% to $26.1m.

Statewide gaming table revenue was off 6.2% to $74.6m. Sands led the table charts with just under $17.6m, but this was down nearly one-fifth from April 2017, and barely enough to fend off a surging Parx, which gained 7.1% to $16.5m. Third-ranked SugarHouse was well back of the pace with $10.2m (-1.8%).

Pennsylvania will soon – well, soonish – have at least one more gambling vertical to count, as the state began accepting applications for online gambling licenses last month. It’s anyone’s guess when the state’s online market will actually launch, although it’s looking increasingly dubious that regulators will have all their ducks in a row before the calendar flips over to 2019.

Pennsylvania is also one of the few states that managed to pass sports betting legislation before Monday’s blockbuster ruling by the Supreme Court overturning the federal sports betting prohibition. That gives them a leg up over other states, but it doesn’t mean legal wagering will happen anytime soon.

On Wednesday, Gaming Control Board spokesman Doug Harbach told Philly Mag that the Board has been focused on crafting its online gambling regulatory environment and adding sports betting regulations to that mix will prove “another great challenge for our agency … in the middle of the largest gambling expansion that any other state has ever undertaken.”

Perhaps the delay will allow for some rethink on the issue of taxation. Sports betting is an extremely low-margin activity, and Pennsylvania’s gambling expansion law calls for a preposterously high 36% tax on sports betting revenue. As such, the only tangible gain the state’s casinos can expect from wagering is additional foot traffic, which hopefully spills over into cash spent at their properties’ other amenities.

The post Pennsylvania casinos await legal sports betting as tables tank appeared first on CalvinAyre.com.

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Caesars Windsor Hotel and Casino remains closed as strike continues

World Casino News

Caesars Windsor Hotel and Casino remains closed as strike continues

In Canada, the strike that has shut the Caesars Windsor Hotel and Casino is now reportedly into its 41st day after last month saw 59% of the Ontario venue’s workforce reject a new contract agreement that would have seen their hourly salaries rise by an average of only CAD$1.75 ($1.37) over the course of the […]

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GiG embraces the repeal of the US sports betting ban

Casino News Today

GiG embraces the repeal of the US sports betting ban

For the past 26 years the Professional and Amateur Sports Protection Act (PASPA) has widely prohibited sports betting in the US. In repealing PASPA, (announced yesterday) the US Supreme Court has opened up a vast business opportunity for US sports betting companies focused on growing in regulated markets. GiG embraces the repeal of the federal US sports betting ban. The ...

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The post GiG embraces the repeal of the US sports betting ban appeared first on Casino News Today.

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Caesar’s shutdown in Canada boosts casinos revenue

Casino News – Focus Gaming News

Caesar’s shutdown in Canada boosts casinos revenue

Detroit casinos’ revenues have seen an increase in the final figures as Caesars Windsor goes through a strike.

The post Caesar’s shutdown in Canada boosts casinos revenue appeared first on Focus Gaming News.

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Monmouth Park Says It’s Ready To Take State’s First Legal Sports Bet By Memorial Day

Monmouth Park Says It’s Ready To Take State’s First Legal Sports Bet By Memorial Day

Monmouth Park CEO Dennis Drazin has targeted May 28 as the day the NJ racetrack's William Hill Sports Bar can take the state's first legal sports bet, but that might be wishful thinking.

The post Monmouth Park Says It’s Ready To Take State’s First Legal Sports Bet By Memorial Day appeared first on .

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888 rolls out interstate poker network in three U.S. states

World Casino News

888 rolls out interstate poker network in three U.S. states

Leading online gaming operator and platform provider, 888 Holdings PLC (888) (888:London) has confirmed the May 1 launch of its interstate poker network that will see poker players throughout three regulated U.S. states, including Nevada, New Jersey and Delaware, compete together in the tournaments and poker formats of their choice via the one-of-a-kind proprietary platform. […]

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