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Morgan Stanley Predicts U.S. Online Gambling Could Generate $5.2 Billion by 2020
Cliff Spiller Cliff Spiller

Morgan Stanley Predicts U.S. Online Gambling Could Generate $5.2 Billion by 2020

Morgan Stanley released a report this week which suggests the online gambling industry in the United States might hit $5.2 billion by the year 2020. Morgan Stanley's numbers stipulate that 20 U.S. states would have to legalize the activity by that time. Presently, only three states have legal and licensed

Suffolk Downs to Close Racetrack after Wynn Resorts Won the Boston Casino License
Cliff Spiller Cliff Spiller

Suffolk Downs to Close Racetrack after Wynn Resorts Won the Boston Casino License

It was announced earlier this week that Wynn Resorts would win the Boston casino license, instead of Mohegan Sun. In the wake of that announcement, the owners of Suffolk Downs announced yesterday they would close the Boston racetrack. The two announcements were tied directly to one another. Mohegan Sun and

Delaware Sports Gambler Loses $100k Payday on Eagles Monday Night Football Comeback
Cliff Spiller Cliff Spiller

Delaware Sports Gambler Loses $100k Payday on Eagles Monday Night Football Comeback

A Delaware sports better would have gained $100,000 if the Indianapolis Colts beat the Philadelphia Eagles on Monday Night Football this week. The Colts vaulted to a 17-6 halftime lead, but lost 30-27 in the waning moments as the Eagles mounted a comeback. It was an all-or-nothing bet, so the

Roman Catholic Bishops Call for Down Vote on Gambling in Massachusetts
Cliff Spiller Cliff Spiller

Roman Catholic Bishops Call for Down Vote on Gambling in Massachusetts

Roman Catholic bishops in Massachusetts are calling for citizens to vote in favor of repeal in the November ballet issue. Several of the state's Catholic leaders have said that the gambling industry would threaten local businesses, while bringing a litany of social ills. The Catholic clergy who have joined to

Delaware Panel to Consider New Bailout Plan for State’s Gaming Industry
Cliff Spiller Cliff Spiller

Delaware Panel to Consider New Bailout Plan for State’s Gaming Industry

A state panel in Delaware soon will convene to determine what the state legislature can do to help the struggling gambling industry. Earlier this year, Delaware's lawmakers approved a $10 million bailout for the state's three casinos and racetracks. Political leaders at the time hoped the package would be enough

Monmouth Park Announces 45-Day Moratorium on Sports Gambling, Prepares to Train Staff
Cliff Spiller Cliff Spiller

Monmouth Park Announces 45-Day Moratorium on Sports Gambling, Prepares to Train Staff

Monmouth Park in Oceanport has agreed to a 45-day moratorium on sports betting, says its own, Dennis Drazin. The decision delays a likely legal showdown with the NFL and other top American sports leagues until late in October. When Governor Chris Christie announced on Monday that the Division of Gaming

New Jersey Casinos and Racetracks Allowed to Operate Sports Books, Says Christie
Cliff Spiller Cliff Spiller

New Jersey Casinos and Racetracks Allowed to Operate Sports Books, Says Christie

Governor Chris Christie's administration has instructed Atlantic City casinos and New Jersey racetracks they can take sports bets on their own initiative. The state will not license the sportsbooks, but it appears the governor's administration will do nothing to prosecute betting operations at licensed facilities, either. The Christie administration hinted

Two Different Companies Are Considering a Purchase of the Defunct Showboat Casino
Cliff Spiller Cliff Spiller

Two Different Companies Are Considering a Purchase of the Defunct Showboat Casino

The Showboat Casino closed on the last day of August, but two different property management companies are considering buying the property. One of the potential buyers would not use the old casino and hotel as gaming properties, while the other potential owner intends on building a smaller casino. Atlantic City

Trump Taj Mahal Deals with Money Concerns, While Trump Plaza Sets to Close
Cliff Spiller Cliff Spiller

Trump Taj Mahal Deals with Money Concerns, While Trump Plaza Sets to Close

Both of the Atlantic City casinos bearing Donald Trump's name are in turmoil, though both continue to seek to stay in business one way or the other. Trump Plaza is set to close its doors on September 16, but the operators would like to keep the online gaming portal active

NBA Commissioner Adam Silver Says His League Should Embrace Sports Gambling
Cliff Spiller Cliff Spiller

NBA Commissioner Adam Silver Says His League Should Embrace Sports Gambling

New NBA Commissioner Adam Silver says that expanded legalized sports betting in the United States is inevitable, so his league should embrace the activity. While giving a speech at the Bloomberg Sports Business Summit on Thursday, Silver said the league should be "open to participating in it". The commissioner's belief

Seahawks/Packers on Thursday Night Opens the 2014 NFL Regular Season
Cliff Spiller Cliff Spiller

Seahawks/Packers on Thursday Night Opens the 2014 NFL Regular Season

The Seattle Seahawks and the Green Bay Packers open the NFL regular season with a showdown of NFC powers on Thursday Night Football tomorrow night. The Super Bowl champion Seahawks host the Packers, who lost 23-20 to the 49ers at Lambeau Field in the NFL playoffs last year. Anytime a

Yale Study Suggests a Link between Compulsive Gambling and Shopping Addiction
Cliff Spiller Cliff Spiller

Yale Study Suggests a Link between Compulsive Gambling and Shopping Addiction

Shopping addiction has been linked to problem gambling, according to researchers at the Yale School of Medicine. The link was discovered in a study which surveyed 2,100 Connecticut high school students. The Yale study attempted to find links between addiction behaviors like pathological gambling and shopping addiction. Both behaviors have

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