Archive for March, 2015

Ohio State Senator Bill Coley Wants to Tax “Free Play” Casino Promotions

Ohio State Senator Bill Coley Wants to Tax “Free Play” Casino Promotions

Written by Steve Larson | Monday, March 30th, 2015

A state senator from Ohio wants to tax the free play incentives offered by the state’s casinos and racinos, saying it puts the state in line with the laws in neighboring states. Penn National, which is heavily invested in the Ohio gaming industry, says the plan is “ill-conceived”. State Senator Bill Coley, a Republican from […]

Las Vegas Sportsbooks Hope Kentucky Wildcats Do Not Complete Perfect Season

Las Vegas Sportsbooks Hope Kentucky Wildcats Do Not Complete Perfect Season

Written by Steve Larson | Sunday, March 29th, 2015

The Kentucky Wildcats enter the Final Four as big favorites to go unbeaten and win the 2015 Mens NCAA Tournament. If that happens, Las Vegas sportsbooks could have a major shortfall on their wagers. Las Vegas sportsbooks need the Wildcats to lose one of its last two games or they are going to pay off […]

House Judiciary Holds Hearing to Discuss Online Gambling and Restore America’s Wire Act

House Judiciary Holds Hearing to Discuss Online Gambling and Restore America’s Wire Act

Written by Steve Larson | Thursday, March 26th, 2015

On Wednesday, a hearing took place in the House Judiciary Subcommittee on Crime, Terrorism, Homeland Security and Investigations to discuss the Restoration of America’s Wire Act. The RAWA is a proposed bill that would ban online gambling throughout the United States. The hearing is an instructive moment in this legislative session, because the deliberations on […]

Macau Gambling Revenues Decline as US Gaming Companies Build New Casinos

Macau Gambling Revenues Decline as US Gaming Companies Build New Casinos

Written by Steve Larson | Wednesday, March 25th, 2015

Las Vegas casino gambling companies did not like what they heard from Macau’s top official this week, after he made public comments that indicated tough times are still ahead for the special administrative district’s gaming economy. In fact, Las Vegas commentator Howard Stutz wondered on paper whether the Chinese government is trying to sabotage Macau’s […]

Pennsylvania Lawmakers Begin Discussions on Legalizing Online Gambling

Pennsylvania Lawmakers Begin Discussions on Legalizing Online Gambling

Written by Steve Larson | Tuesday, March 24th, 2015

The Pennsylvania legislature is preparing to give legalized online gambling a serious look in 2015. Pennsylvania has had a complex history with gambling, while online gaming legislation went down to defeat as late as 2013. Still, the state is facing a budget crisis and gambling is often seen as an easier sell than higher taxes […]

Elaine Wynn Is Fighting to Maintain Her Position on the Wynn Resorts Board of Directors

Elaine Wynn Is Fighting to Maintain Her Position on the Wynn Resorts Board of Directors

Written by Steve Larson | Monday, March 23rd, 2015

Elaine Wynn is fighting to retain her spot on the Wynn Resorts Board of Directors. Elaine, who co-founded Wynn Resorts along with her ex-husband, Steve Wynn, sent a letter to shareholders this week addressing her concerns and stating her intentions. On Monday of last week, Wynn Resorts shareholders submitted a letter which appealed to the […]

Emergency Manager Kevin Levin Set to Make Report on Atlantic City’s Financial Future

Emergency Manager Kevin Levin Set to Make Report on Atlantic City’s Financial Future

Written by Steve Larson | Saturday, March 21st, 2015

Kevin Levin, the man appointed by Gov. Chris Christie to oversee Atlantic City’s finances for the state as the “Emergency Manager“, is set to make a report to the state soon on the city’s deteriorating financial situation. The report might be made public as early as this coming week. Mr. Levin’s report is going to […]

Iowa State Senate Approves Real Money Daily Fantasy Sports Betting

Iowa State Senate Approves Real Money Daily Fantasy Sports Betting

Written by Steve Larson | Thursday, March 19th, 2015

Real-money daily fantasy sports is one step closer to being legal in Iowa after the State Senate approved a bill on Wednesday. The upper house of the Iowa legislature voted 32-16 on Senate File 166, which would legalize DFS gambling in the state. Currently, 45 U.S. states have legal and regulated online daily fantasy sports. […]

Borgata Casino in Atlantic City Installs Skill-Based Casino Games for Special Event

Borgata Casino in Atlantic City Installs Skill-Based Casino Games for Special Event

Written by Steve Larson | Wednesday, March 18th, 2015

The Borgata Casino in Atlantic City is weeks away from hosting a skill-based casino games competition. The event is seen by certain gaming analysts as a test-run for such games becoming a permanent part of the gaming floor at the Borgata. The games in question are played on slot machines, but they involve sports competitions […]

DraftKings Discusses Billion-Dollar Daily Fantasy Sports Deal with Disney

DraftKings Discusses Billion-Dollar Daily Fantasy Sports Deal with Disney

Written by Steve Larson | Tuesday, March 17th, 2015

Daily fantasy sports betting continues to go mainstream. In fact, if current negotiations produce results, one of the two major competitors in the one-day fantasy sports industry might have one of the mainstream purveyors of American pop culture on their side. At present, Boston-area startup DraftKings is in talks with the Walt Disney Corporation about […]