Gaming and Wagering
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Choctaw owned Pearl River Resort and Bok Homa Casino to offer sp - MSNewsNow.com - Jackson, MS

Choctaw owned Pearl River Resort and Bok Homa Casino to offer sp - MSNewsNow.com - Jackson, MS | Gaming and Wagering | Scoop.it
Pearl River Resort and Bok Homa Casino, which are owned and operated by the Mississippi Band of Choctaw Indians will soon offer sports betting! 
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The Mississippi Bank of Choctaw Indians will soon offer sports wagering at their Bok Homa Casino, Silver Star Hotel and Casino, and Golden Moon Hotel and Casino.  Regulations passed via Special Call Tribal Council meeting added new Gaming Regulations to cover sports wagering and other pari-mutuel wagering. Federal Wire Act consideration with sovereign tribes?
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Legalized Sports Wagering Is A Tempest In A Teapot

Legalized Sports Wagering Is A Tempest In A Teapot | Gaming and Wagering | Scoop.it
Legalized sports wagering will change the sporting landscape forever? Don't bet on it.
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Will sports wagering deliver on the forecasted increase in revenue, provide more fan engagement, and increase advertising dollars? No answers in this article, but a synopsis of quotes from various different factions as-to what the future will hold post-sports wagering legalization.
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New bill would prohibit Internet gambling, including where already legal

New bill would prohibit Internet gambling, including where already legal | Gaming and Wagering | Scoop.it
A bill to outlaw online gaming was introduced Wednesday in Congress, adding another layer to the big-money debate over how or even whether the Internet should be utilized for gambling.
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Bill introduced in Congress that seeks to outlaw all forms of online gaming, even those currently in existence.

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Analysis: Gambling revenue at heart of Detroit's dilemmas, new and old

Analysis: Gambling revenue at heart of Detroit's dilemmas, new and old | Gaming and Wagering | Scoop.it
CHICAGO/DETROIT (Reuters) - For Detroit, the road in and out of U.S.
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Ohio’s casino tax revenue declines for second straight quarter

Ohio’s casino tax revenue declines for second straight quarter | Gaming and Wagering | Scoop.it
Casino-tax revenue to Ohio's counties and eight major cities, including Youngstown, dropped for the second-straight quarter leaving some to wonder if
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Former casino owner Poster won’t appeal gaming suitability rejection

Former casino owner Poster won’t appeal gaming suitability rejection | Gaming and Wagering | Scoop.it
Former Golden Nugget owner Tim Poster decided late Wednesday evening not to appeal his rejection by the Gaming Control Board for a preliminary finding of suitability.
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2 more racinos opening in Ohio this year and 3 more next year mean increasing competition

2 more racinos opening in Ohio this year and 3 more next year mean increasing competition | Gaming and Wagering | Scoop.it
NORTHFIELD, Ohio  — The gambling scene is on the verge of getting more crowded in Ohio.
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Churchill, partner to open Ohio racino next week - Louisville - Business First

Churchill, partner to open Ohio racino next week - Louisville - Business First | Gaming and Wagering | Scoop.it
A joint venture of Churchill Downs Inc. and Delaware North Cos. Gaming & Entertainment...
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Video poker 'hackers' get away scot-free as US government dismisses fraud charges

Video poker 'hackers' get away scot-free as US government dismisses fraud charges | Gaming and Wagering | Scoop.it
If you discovered a way to multiply your Vegas winnings 10 times over by exploiting a poker machine bug, would you be afraid of going to jail? John Kane and Andre Nestor did just that, and it...
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Sheldon Adelson, top 2012 donor and casino magnate, readies to fight Internet gambling

Sheldon Adelson, top 2012 donor and casino magnate, readies to fight Internet gambling | Gaming and Wagering | Scoop.it
EXCLUSIVE: Push by casino magnate will test the clout of a new political mega-donor.
Renee Mancino's insight:

Sheldon Adelson not a proponent of Internet gambling.  As a matter of fact he is clearly against the concept despite passage in at least three states so far, Nevada, New Jersey, and Delaware.

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Nevada Supreme Court Unanimously Decides Tip Sharing Among Dealers and Higher Level Employees is Legal.

Nevada Supreme Court Unanimously Decides Tip Sharing Among Dealers and Higher Level Employees is Legal. | Gaming and Wagering | Scoop.it
Huge Nevada Supreme Court decision for table games employees in Nevada. Is it legal for a casino to mandate tip sharing among dealers and higher rank employees? Wynn Las Vegas blazed the trail on this one and won at the Supreme Court level.
Renee Mancino's insight:

Under NRS 608.160, Moen v. Las Vegas International Hotel 402 D. Supp. 157 (D. Nev. 1975) and  Alford v. Harolds Club, 99 Nev. 670, 669 P.2d 721, 723 (1983) the Nevada Supreme Court has determined that tip sharing among departmental employees of different categories (i.e., dealers, casino floorpersons) while keeping none for themselves is legal.  

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Racino operator predicts $125M in first year

Racino operator predicts $125M in first year | Gaming and Wagering | Scoop.it
Miami Valley Gaming general manager Jim Simms predicts his racino will rake in $125 million in gambling revenue in its first year after opening Dec. 12.
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Derek Stevens: Five of my favorite things

Derek Stevens: Five of my favorite things | Gaming and Wagering | Scoop.it
Casino owner Derek Stevens is putting his stamp on downtown Las Vegas. Stevens is co-owner and CEO of the newly rebranded D Las Vegas (formerly Fitzgeralds) and has owned the Golden Gate Hotel & Casino since 2008.
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Nevada gaming board recommends licensing for wagering startup –

Nevada gaming board recommends licensing for wagering startup – | Gaming and Wagering | Scoop.it
To recommend approval of the licensing of an Armenian entrepreneur seeking to develop software for a new sports wagering program, Nevada Gaming Control Board members first had to solve a chicken-and-egg dilemma.
Renee Mancino's insight:
NV State Gaming Control Board split decision on licensure for licensure as an off-track pari-mutuel sports system operator and technology service provider for foreign wagering start-up company.  Split recommendation goes to the Nevada Gaming Commission June 21st.
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Sports Wagering Legislation In D.C.

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Article urges D.C. to be an early adopter like Delaware, to reap the benefit of sports wagering over dilatory neighboring states.
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Facebook and Zynga Increase Online Gambling Bet

Facebook and Zynga Increase Online Gambling Bet | Gaming and Wagering | Scoop.it
The experience Zynga and Facebook gain in the U.K. market perfectly pave the way towards other markets including the Americas and Asia.
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UK Facebook permits gambling.  How long until the US Facebook can follow suit?

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LAS VEGAS: Vegas casinos now accepting cybercurrency Bitcoin | Business | FresnoBee.com

LAS VEGAS: Vegas casinos now accepting cybercurrency Bitcoin | Business | FresnoBee.com | Gaming and Wagering | Scoop.it
Las Vegas is getting one more novelty. Starting this week, patrons will be able to use the online currency Bitcoin to pay for rooms, food and drinks at two downtown casinos.
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The D Hotel and Casino and Golden Gate are now accepting Bitcoin

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NFR cowboys say they still like Las Vegas, but they need Florida’s money

NFR cowboys say they still like Las Vegas, but they need Florida’s money | Gaming and Wagering | Scoop.it
National Finals Rodeo cowboys are straight shooters — they’re happy to tell you their motivation for wanting to move the Super Bowl of rodeos out of Las Vegas is money.
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Bill would allow casino expansion beyond Atlantic City

Bill would allow casino expansion beyond Atlantic City | Gaming and Wagering | Scoop.it
Legislation expected to be introduced in Trenton today calls for expanding casinos beyond Atlantic City, but the Governor’s Office and local lawmakers say those pushing for the bill are wasting their time.
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Casino revenue in Ohio flat in November

Casino revenue in Ohio flat in November | Gaming and Wagering | Scoop.it
November was another month of flat revenue for Ohio’s gambling industry. Only Horseshoe Casino Cleveland and ThistleDown Racino, both in the Cleveland area, had revenue increases of more than 3 percent from October.
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Panel studying Del. gambling industry meets

Panel studying Del. gambling industry meets | Gaming and Wagering | Scoop.it
A reconfiguration of the revenue sharing plan for Delaware’s gambling industry could be among the recommendations made by a commission examining how to address competition from neighboring states.
Renee Mancino's insight:

Casino Operators want to receive tax breaks.  Arguing they are being treated as, "a sin-tax pot of gold".  

 

Curerntly the State of Delaware general fund receives 43.5%, Delaware Horsemen get roughly 10% of the gross and the remainder goes to the Casino Operator.  One proposal would see the State and Horsemen put behind the net proceeds instead of the gross.

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Land of rising opportunities | Macau Business Daily

Land of rising opportunities | Macau Business Daily | Gaming and Wagering | Scoop.it
Renee Mancino's insight:

A lot of opinions as-to just how big the Japonese market will be.  Interesting perspectives as in the past the prevailing thought has been that the market will be much more lucrative than Macau.

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Three now roll the dice for Tier casino

Three now roll the dice for Tier casino | Gaming and Wagering | Scoop.it
The race for a casino license in the Southern Tier will now involve at least three players.
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Now that the New York Casino referendum has passed there are three competitors throwing their hats into the ring for the southern tier license.

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Baccarat drives Strip gaming revenues to second straight double-digit gain

Baccarat drives Strip gaming revenues to second straight double-digit gain | Gaming and Wagering | Scoop.it
Nevada casinos recorded their second straight monthly gaming revenue increase during September, which included the Strip’s second straight double-digit hike.
Renee Mancino's insight:

Nice gains on the strip (13%), smaller downtown gains (2%) for the month of September over the same month last year.

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$100 million makeover of Downtown Grand, once the Lady Luck, to open Nov. 12

$100 million makeover of Downtown Grand, once the Lady Luck, to open Nov. 12 | Gaming and Wagering | Scoop.it
The downtown Las Vegas resort property once known as the Lady Luck will reopen next month as the Downtown Grand, the property’s chief executive said Friday.
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