The Pass Casino in Henderson is Expected to Open Soon!

 

Casino Floor In Michigan

Clark County Nevada is home to many of the world’s best casinos. Many new ones are expected to open their doors in 2021. New reports indicate The Pass Casino in Henderson will officially be opening to the public sometime this year.

Many are excited to see this venue open. It’s replacing one of Henderson’s favorite gambling venues. Today, we’re going to talk about the details of this new casino.

Here’s what we know!

Nevada’s Casino Industry is Still Struggling

For decades, Nevada was home to the biggest and most successful casino industry in the United States. A huge number of incredible casino-resorts are located here, the majority of which saw large revenue figures every month. In March of last year, all of the casinos in this state completely closed down to the public.

This had a devastating effect on the state’s economy. Places like Las Vegas immediately saw their tourism numbers plummet. That, in turn, led to a significant drop in gambling revenue and many businesses started to suffer.

The casinos in Las Vegas were given permission to reopen in June. Tourism numbers remained low, however, and many of the major casino-resorts here were forced to adjust their operating hours to save money. Even today, some of the largest gaming venues here are still closed during the weekdays.

The Las Vegas Strip accounted for nearly all of the revenue earned between July of 2019 and June of 2020. This area of the city is still the most successful for the casinos in Nevada. Things are far from ideal, though.

Nearby Henderson is also seeing a drop in tourism and gambling revenue. This city isn’t necessarily known as a major gambling hub, yet there are several popular casinos. Soon, a new casino will be opening its doors here.

Many of the locals in Henderson are getting excited. Here’s what we know about this new gambling property.

Here’s What We Know About the Pass Casino in Henderson

Henderson is a city of just over 300,000 individuals. Located directly next to Las Vegas, it’s no surprise that several great casinos are located here. Several of them are located on Water Street and have been working hard to attract new players.

Back in 1993, Boyd Gaming acquired one of the casinos here and renamed it Eldorado Casino. It became a hit with locals and helped to bring in most visitors to the city of Henderson. In 2007, this venue underwent a major renovation.

Obviously, the events that unfolded in 2020 took a devastating toll on many casino companies in Nevada. Last year, news broke that Boyd Gaming agreed to sell the Eldorado Casino to DeSimone Gaming. This company announced it planned to renovate and rebrand this venue.

This week, news broke that this new casino is being called The Pass Casino and is expected to open sometime later this year. It will have a modern design and will open several new, fresh restaurants. Residents are also excited to see what this new casino has to offer.

It doesn’t come at the easiest time. Hope is that by the time The Pass Casino in Henderson opens, the US casino industry is in a much better position than it currently finds itself in. There is reason to be optimistic.

Many analysts expect that 2021 could be a great year for Nevada. Here’s a look at why exactly that is.

Vaccines Could Help to Turn Things Around for Las Vegas This Year

Like all major tourism hubs, Las Vegas is a place that relies on visitors. Millions of people come here to take part in the gambling, entertainment, and nightlife. These visitors then help to fund many of the other businesses that cater to tourists.

When tourism stopped here, the city seemed to stop, too. Even today, there is a notable decrease in tourism and casinos continue to feel the effects. Some feel that by summertime, we will begin seeing a major increase in visitors once again.

Vaccine distribution could help to achieve that goal. Many people around the country are still against traveling right now due to health concerns. If more people are vaccinated, it seems likely that places like Las Vegas will see a spike in tourism.

Just about everyone wants to see this happen. 2021 is expected to be a big year for the city. Most notably, Resorts World Las Vegas will be opening its doors this summer. It’s the most expensive casino-resort ever built in Las Vegas and is expected to be one-of-a-kind.

Other nearby cities would benefit from an increase in tourism, too. The Pass Casino in Henderson would love to see more players coming in from around the country. We’ll be sure to report on the tourism numbers in Clark County over the next few months.

Are you excited to hear about the new casino coming to Henderson? When do you expect Las Vegas to begin seeing a large increase in visitors? Let us know in the comments section below!

Hard Rock Casino Near Bakersfield Gets Approval from Federal Government

Casinos in California
The Hard Rock Cafe & Casino project near Bakersfield moved one step closer to becoming a reality after the federal government gave its approval for the Tejon Indian Tribe to operate a casino venue at the proposed location.

In a statement, Tejon Indian Tribe chairman Octavio Escobedo III said:

“From the start of our relationship with the United States government in 1851, our Tribe has fought for a homeland for our people. Today we are two major steps closer to that dream. The Department’s decision enables us to move closer to the promise of self-determination through economic development.”

Up to Gov. Newsom Now

As reported by the Bakersfield Californian, Assistant Secretary of Indian Affairs Tara Sweeney issued a secretarial decision that that found the proposed Bakersfield casino site suitable for the Tejon Indian Tribe’s plans. In the decision, the U.S. Bureau of Indian Affairs wrote that the Bakersfield casino best allows the Tejon Indian Tribe to be self-sufficient and maintain a stable source of income for government projects.

The environmental review process began as early as 2016. With the Federal Government’s determination, the onus is now with Gov. Gavin Newsom, who must concur with the decision of the Federal Government within a year. If the governor agrees, the U.S. Department of Interior will take the land into trust and the tribe will finally have a land they can call home.

A $600M Project

The Tejon Indian Tribe Bakersfield casino project is located in Mettler which is about 14 miles away from Bakersfield. The tribe is planning to build a 166,500 square foot gaming venue there, along with an 11-storey luxury hotel. The hotel building will have 400 rooms, more than 10 restaurants, a convention space, as well as a Hard Rock live events center. A sheriff’s office, fire station, and an RV park are also be built on the site.

The Bakersfield casino project has an estimated cost of $600M and the entire complex is expected to support 3,000 full-time jobs once operational. Hard Rock consultant Scott Nielson said that there are still several steps that need to be completed before an official timeline for the project could be made public.

NC’s Kings Mountain Casino Could Go Under Construction Soon

North Carolina Flag

For years, the South Carolina-based Catawba Nation tribe has been pushing to open a Las Vegas-style casino in Kings Mountain, North Carolina. Many are pushing against these plans and claim the tribe does not have the right to open this venue in the state. There is progress being made, however, and it seems likely that NC’s Kings Mountain Casino could soon go under construction.

It’s exciting news for gambling fans in this area of the state. Today, we’ll talk about some of the new developments surrounding this property. We will also look at some of the other ways that the gambling industry in North Carolina is expanding.

Let’s get into it!

Looking Back at the Catawba Nation’s Move into North Carolina

North Carolina is known for being somewhat of an anti-gambling state. For decades, the lawmakers here pushed against allowing any traditional forms of gambling. A state lottery was eventually approved and Native American-run casinos began opening here shortly after.

The Catawba Nation is working to take advantage of this new leniency towards the gambling industry. For years, officials within the tribe have been pushing to open a new casino-resort in North Carolina. The tribe has faced serious push-back recently.

The Cherokee Tribe currently operates several popular casinos in North Carolina. This tribe is arguing that the Catawba Nation has no legal right to open a gambling property in this state. Some feel it’s a valid point, as the Catawba are based in South Carolina.

Some within the federal government are also pushing against the tribe’s plans. It’s a difficult situation that could take years to settle.

There is some progress being made. Governor Roy Cooper has been in negotiations with the tribe over the past few years. This week, these two groups reached an important new agreement. It could help to begin construction on this new property.

Here’s what you need to know about this proposed casino-resort.

Roy Cooper Approves Revenue Plan for NC’s Kings Mountain Casino

North Carolina has been slowly expanding its gambling industry over the past decade. This is proving to be a great decision for the state. The casinos and other various regulated gambling options here are bringing the state a large amount of revenue every month.

Governor Roy Cooper has been working hard to settle the dispute between the Catawba Nation and the Cherokees. As we just mentioned, he has been in intense negotiations with these tribes in recent weeks. Today, news broke that Cooper officially approved a new revenue plan for this casino-resort.

This is a huge move for the Catawba Nation. Approving this revenue plan could even allow for the tribe to begin construction on this venue. That is according to the tribe, yet some feel federal approval is still necessary.

Not everyone is excited about this news. Principal Chief Richard Sneed of the Cherokee Tribe released a statement about this situation to the media this week. He believes future legal battles will keep this property from ever being built.

“This compact changes nothing,” Sneed said. “We continue to believe the courts will affirm the illegality of this casino and when that happens, the Catawba agreement will be nothing more than a worthless piece of paper.”

The Catawba continue to discuss the economic benefits this property will bring. It could bring thousands of jobs to the area and millions of dollars in annual tax revenue for the state. This alone could push NC’s leaders to finally approve this property. It won’t be the only new gambling option coming to this state.

North Carolina’s Sportsbooks Are Expected to Launch Soon

It’s been fascinating to see North Carolina’s gambling industry expand recently. Over a year ago, lawmakers here approved a measure to legalize and regulate sports betting. To the disappointment of many NC residents, none of the state’s sports betting platforms have officially gone live.

Under the current regulations, North Carolina will only allow land-based sports betting. These wagers will need to be placed inside licensed venues. Many have been openly calling for the state to allow online sports betting, too. The other states that allow internet sports betting are earning a massive amount of revenue each month.

That may come in the future. In the meantime, only land-based sports betting is set to be allowed here. Many expect the first sportsbooks to officially launch in this state sometime in the next few months.

Two sportsbooks have already been constructed here. Both sit within tribal casinos in the state. It wouldn’t be a huge surprise to see NC’s Kings Mountain Casino open a sportsbook to the public in the future, too.

There is still no official word on when these sportsbooks will open. State officials are doing a last-minute review of the plans. We’ll be sure to offer more updates on this situation as soon as they come out.

Do you think the Catawba Nation should be allowed to open a casino in North Carolina? Let us know in the comments section below!

Andrew Yang Supports New York City Casino Plans

Andrew Yang

For years, several officials in New York have been pushing to open a new casino-resort in New York City. This idea is now beginning to gain attention from powerful individuals in the state. That includes Andrew Yang. New reports claim that Yang now supports the New York City casino plans.

It’s exciting news for gambling proponents in this state. Some, however, feel this isn’t the right time to discuss opening a casino in the city. Today, we’ll talk about what exactly might be coming to New York City in the future.

Let’s get into it!

New York’s Casinos Are Continuing to Struggle

For many years, New York was known as one of the most anti-gambling states in the country. Lawmakers here began cracking down on this industry decades ago due to its connection with crime groups. Some felt that we’d never see a booming casino industry here.

Eventually, the state began allowing Native American-run casinos to begin operating in the state. These grew extremely popular with residents and revenue started to increase. In 2013, officials in New York decided to pass a bill to allow commercial casinos in the state.

This was a huge moment for the country’s gambling industry. It became clear that New York saw the upside in gambling. Several commercial casinos have since opened in the state, mostly in the Upstate area.

2020 proved to be a devastating year for New York’s casino industry. In March, all of the casinos here were forced to shut down. They reopened over the summer, yet all of the casinos in the state have seen extremely low revenue figures since that time. Some are at risk of a permanent shutdown.

New York isn’t alone in this situation. All major casino destinations around the US are seeing extremely low revenue figures right now. It’s a complicated issue that even the top gaming experts are having a difficult time solving.

Could opening a casino-resort in New York City help things? Some certainly think so. That includes one man currently pushing to become mayor of NYC.

More Show Support for New York City Casino Plans

It’s clear that New York has changed its stance on gambling over the past few years. Interestingly, nearly all of the casinos in this state are located in the Upstate area. Many state leaders have been hesitant to allow any casinos in New York City.

Some now feel this is the time to make a change. We’ve seen several states open major casino-resorts lately. Prior to 2020, these venues were proving to be hugely successful. Even Chicago has recently approved a measure to open a new casino-resort.

This week, NYC Mayor-hopeful Andrew Yang gave his opinion on this situation. He addresses the fact that casinos can bring a variety of issues. Ultimately, however, he supports the New York City casino plans due to the massive revenue potential.

“We need big ideas,” Yang tweeted this week. “There are many downsides of casinos but the upside is $700m+ recurring annually largely from tourists now going to CT and NJ. That’s money for teachers, hospitals and other services. We should be trying to grow revenue where possible.”

Yang certainly has a point. Many gambling fans based in New York City are heading to neighboring states to play their favorite casino games. Opening a gambling venue in the city would help to keep this money inside the state.

It will be interesting to see if these plans move forward over the next few years. Many feel that Andrew Yang will end up becoming the next Mayor of NYC. Perhaps he will push these casino plans forward. Stay tuned for updates!

Will New York Approve Mobile Sports Betting This Year?

The casino industry in New York is growing at a steady pace. Prior to 2020, this industry was helping to bring the state valuable revenue in the form of taxes. Hope is that casinos here begin seeing pre-pandemic levels of revenue over the next few months.

As many know, New York also legalized sports betting years ago. Unfortunately, only land-based sports wagers are available here. It’s unusual, as online sports betting has proven to be a far more lucrative industry.

Many are now calling for mobile gambling to finally be approved in 2021. There are several bills to start regulating this form of gambling moving through the legislative process. Many believe lawmakers will give online sports betting the green light this year.

That will be bad news for New Jersey. This state has seen massive revenue figures from its online sports gambling industry over the past twelve months. Many sports fans in New York make the move into New Jersey’s borders in order to place online sports wagers.

If New York’s online sports betting industry goes live, this money will stay inside the state. It’s a similar thought process to the New York City casino plans. Officials in the state are tired of seeing money go into other parts of the country.

Do you think a casino should open in New York City? Would this be successful? Let us know in the comments section below.

Casino Closures Cause Major Dip in PA’s Gambling Revenue

Casino in Pennsylvania

Pennsylvania is home to one of the largest gambling industries in the United States. Unfortunately, this industry has been suffering due to the events unfolding around the world. Most recently, the state-ordered casino shutdowns have led to a major dip in PA’s gambling revenue.

Now is a perfect time to talk about how much money the casinos in Pennsylvania have lost recently. It’s been a tough past few months for the gaming companies operating here.

Let’s take a look at what exactly is going on here.

Will the Casino Industry in Pennsylvania Close Down Again?

Back in March, the entire US casino industry experienced something unprecedented. Due to the global pandemic, state leaders forced all of the casinos around the country to shut their doors. This was devastating in the areas that rely on these casinos for money and employment.

Places like Las Vegas certainly fit that bill. As most know, this is the world’s largest casino destination. It relies heavily on its tourism industry, which all but stopped completely when the casinos were forced to close their doors.

It took months for the casinos in the city to reopen. When they did, these venues were met with extremely low tourism figures. Even today, nearly a year after the casinos were forced to close, tourism figures in Las Vegas remain low.

Smaller gambling hubs like Pennsylvania felt the effects of these regulations, too. The casinos here were finally able to open again over the summer. In December, state leaders once again forced the casinos to shut their doors. They have since reopened.

Some fear that the casinos in this state may be forced to shut down once again. An order like this one could have irreversible effects on the gambling industry here. Fortunately, this has not yet been mandated by any state leaders.

We’re now beginning to hear just how devastating 2020 was for the gambling companies in this state. Here’s a look at how badly these companies were hurt.

PA’s Gambling Revenue Dropped by 20% Last Year

Every single state has been experiencing drops in gambling revenue over the past twelve months. Some are seeing larger dips than others. We are now beginning to hear how much money the different gambling platforms over in Pennsylvania managed to bring in during 2020.

According to new reports, PA’s gambling revenue fell by an astounding 20% over the course of the year. That is when compared to 2019. Certain gambling options here managed to perform better than others.

The state’s casinos, sports betting operators, and DFS platforms managed to bring in $2.65 billion throughout 2020. That’s a significant drop from the $3.5 billion earned in 2019. Obviously, the gaming industry operators here has reason to be concerned.

Pennsylvania’s casinos themselves brought in $2.4 billion in 2020. Fortunately, the state’s online casino platforms have helped to make up some of the losses. These internet casinos actually saw an increase from just $34 million in 2019 to an incredible $566 million in 2020.

As you might expect, the gambling companies here are focusing more on their online gambling platforms. This is the safer industry at this stage for these companies. Hope is that we see the land-based casinos here experience larger revenue increases over the next six months.

It’s a very interesting time for the entire country’s casino industry. Sports betting is helping to bring many states, including Pennsylvania, some much-needed revenue right now. Which states will we see legalize and regulate this form of gambling in 2021?

More States Plan to Regulate Sports Betting in 2021

It’s been amazing to see how quickly the US sports gambling industry has grown in just a few short years. It wasn’t until 2018 that states were legally able to provide sports betting options. Now, less than three years later, more than half the country has a regulated sports betting industry up and running.

Even states with a historically anti-gambling stance over the years are beginning to embrace this industry. That includes places like North Carolina and New York. Officials here can’t ignore the massive revenue potential industry any longer.

It appears that several more states are set to legalize sports betting in 2021. This is likely to be the biggest year for the industry so far. We could see some of the most populated states in the country finally embrace this industry.

Many are hopeful that California decides to embrace the sports betting industry this year. For years, state leaders and tribal casino owners have been negotiating on a way to allow sports gambling. There seems to be some progress being made and many are excited to see things come together.

Oklahoma is in a similar position. This state is home to a massive number of tribal casinos. State officials are actively working with the owners of these venues on ways to offer legal, regulated sports betting options.

PA’s gambling revenue is already increasing thanks to the state’s sports betting platforms. Which states do you think will legalize this industry in 2021? Let us know in the comments section below!

Casino Owner Removes Bids to Demolish Trump Casino

Trump Plaza Casino

Not long ago, reports surfaced claiming there would soon be a bidding process available for those looking to demolish the Trump Plaza Hotel-Casino in Atlantic City. Unsurprisingly, many expressed interest in earning the right to take this property down. This week, reports came out claiming Carl Icahn has removed bids to demolish Trump casino.

It’s an interesting move for Icahn. This venue will still be demolished, albeit without the same spectacle that some predicted. Today, we’ll talk about what is happening with this property.

Here’s what we know.

Atlantic City Casinos Hope for a Better Year in 2021

Over the past decade, Atlantic City has grown to become one of the largest casino destinations in the world. It’s not much of a surprise. This city is home to a huge number of world-class casino-resorts. Many have gone through huge renovations over the past few years.

Things appeared to be going smoothly here. With the introduction of sports betting back in May of 2018, the casino industry here began to grow quickly. Many expected casino revenue here to rise steadily as the years went on.

2020 halted all of the progress made here. In March of last year, state leaders in New Jersey forced all of the casinos in this city to close their doors. It wasn’t until July that Atlantic City’s casino industry was given permission to reopen again.

Revenue has remained extremely low since this time. Atlantic City continues to see extremely small tourism numbers when compared to 2019. As a result, the casinos here are having a difficult time bringing in money.

The casino owners are now hopeful that 2021 proves to be a significantly better year for the industry here. Many believe that with effective vaccine distribution, more visitors will begin flocking to Atlantic City’s casinos. We should get a better idea of what to expect here this year over the next few months.

We’ve seen several major casino-resorts permanently shut their doors over the last few years. That includes one formally owned by Donald Trump. Here’s an update on this venue.

Carl Icahn Removes Bids to Demolish Trump Casino

The Trump Plaza Casino first opened its doors in Atlantic City back in 1984. For a time, it was one of the hottest gambling venues in the city. Due to competition and a drop in tourism rates, this property eventually went bankrupt and officially shut down in 2014.

Billionaire Carl Icahn eventually took control of this property and the land it sits on. Interestingly, he hasn’t decided to tear it down. To the disappointment of many officials in Atlantic City, this venue has simply remained closed and is beginning to fall apart.

Officials finally decided that a change was needed. News broke last year that Carl Icahn would soon be demolishing this venue. Reports then came out that a group was allowing businesses and individuals to bid for the right to demolish this property.

It now appears that Icahn has ordered to stop all bids to demolish Trump casino. Icahn reportedly sent a cease-and-desist letter on this bidding process. Instead, he will personally donate $175,000 (the amount expected to come in from bids) towards the Boys and Girls Club of Atlantic City.

Icahn believes that allowing untrained individuals to be involved with this demolition process is unsafe. A spokesperson offered more information about this situation to the media this week.

“From the beginning, we thought the auction and any other related spectacle presented a safety risk, and we were always clear that we would not participate in any way,” the spokesperson said. 

Those hoping to personally tear this property down are now out of luck. That doesn’t mean the Trump Plaza Casino will remain standing, though. Icahn still prepares to demolish the venue early this year. We’ll offer more information on this situation over the next few weeks!

Biggest US Casino-Resorts Opening in 2021

It will be interesting to see the Trump Plaza Casino torn down. This was one of Atlantic City’s most beloved venues for decades. It will now be torn down, making way for an exciting new casino-resort to open its doors here.

There are many incredible new casino-resorts scheduled to open their doors throughout the US over the next few years. Obviously, most are looking at Las Vegas. There are several major venues opening here in 2021.

The biggest and most exciting is Resorts World Las Vegas. This multi-billion-dollar venue is slated to open its doors to the public sometime this summer. More details on this casino-resort have been coming out lately. It’s expected to be one of the most impressive gambling properties ever built in Las Vegas.

Many are also excited about the new Virgin Hotel-Casino opening its doors this year. This is the first casino ever owned and operated by Virgin. It is also expected to be incredible and is expected to open its doors in Las Vegas early this year.

We will see many casinos built around the US this year. There are also a large number of casino-resorts scheduled to be torn down. Don’t expect to make any bids to demolish Trump casino, though.

Are you surprised Carl Icahn stopped the demolition bidding process? Let us know in the comments section below!

Dan Gilbert Sells JACK Entertainment To Management Team

Ohio State Seal With a Jack Casino Background
Cleveland Cavaliers team owner Dan Gilbert is no longer in the Ohio casino industry.

According to a report from the Cleveland Jewish News, Gilbert sold the Ohio casino company to its management team last month.

Per JACK Board Chairman Matthew Cullen:

“As of December 2020, JACK Entertainment’s ownership has changed and no longer has any affiliation with Dan Gilbert’s family of companies. The JACK management team, who have been with the company since its inception, remains in place and now owns the controlling interest of the company.”

The Only Ohio-Based Gaming Operator in the State

Cullen did not disclose the financial terms of the deal but he revealed via email to CJN that JACK Entertainment has transferred its office from Detroit to Cleveland, making it the only Ohio-based gaming operator among the 11 gaming properties in the state.

In his statement, Cullen also added that he will continue to serve as the Chairman of the Board while Mark Dunkeson will retain his position as Chief Executive Officer. Cullen has spent over 10 years working in real estate, gaming, and other initiatives for Dan Gilbert’s family of companies.

Meanwhile, Dunkeson began working with JACK in 2013 and was named as President and COO of Bedrock Detroit LLC in 2019. Previously, Dunkeson was senior vice president of operations for the luxury brand division of Red Rock Resorts in Nevada. He has a 30-year experience in commercial gaming, resort and hospitality development.

Lease-Back Agreement With VICI Properties

JACK Entertainment operates JACK Cleveland Casino downtown and JACK Thistledown Racino in North Randall via lease-back with VICI Properties who purchased the two properties for $843M in 2019.

These two Ohio casinos combine for $400-500M in annual revenues. According to its website, JACK has a team of 1,400 members with 16 bars and casinos, and 150,000 square feet of gaming space.

JACK Cleveland was the first casino to open in Ohio in May 12. It was then called the Horseshoe Casino Cleveland owned by a partnership of Caesars Entertainment and Gilbert’s companies. The following year, JACK opened Thistledown as the second Ohio casino.

Where Will the New Casino in Chicago be Situated?

Chicago Image

Lawmakers in Illinois continue pushing to expand the state’s casino industry. Much of the discussion is centering around plans for the new Chicago casino. Many analysts are now debating where the new casino in Chicago should be located.

There are several locations that could accommodate a new casino. Some are thought to be more ideal than others. Today, we’ll talk about some of the most-likely areas for the new gambling venue to open its doors.

Let’s get into it!

Illinois’ Casino Industry is About to Reopen Once Again

There are a large number of world-class casinos in the state of Illinois. Some of these are tribal casinos owned and operated by Native American tribes. Others are commercial casinos owned by some of the country’s most powerful gaming companies.

Interestingly, state officials want to expand this industry. Back in 2018, Governor Pritzker passed a new Capital Plan to open several more casinos around Illinois. That includes a new casino-resort in Chicago; the first of its kind.

2020 ended up halting these plans. For several months last year, all of the casinos in this state were completely shut down. They began reopening during the summer, yet state officials forced commercial casinos to close down again several months later.

Soon, the casinos in Illinois will finally be allowed to reopen. It’s exciting news for the companies that operate these venues. As Illinois enters into Tier 2 of its reopening process, casinos will be given permission to begin operating at a limited capacity.

It will take a long time before these casinos see the revenue figures experienced back in 2019. The world’s casino industry has been devastated by the events that unfolded last year. Hope is that we see an improvement over the next six months.

Many are now looking ahead to the casino expected to open in Chicago. Here’s a quick update on this exciting new property!

Analysts Continue to Debate a Location for the New Casino in Chicago

When news broke that officials were preparing to open a new casino in Chicago, it spread like wildfire. Many felt it would never happen. This city has never hosted an established casino-resort in its history.

Initially, it seemed likely that this would be a hugely successful gambling property. Chicago is already a major tourist destination. Many believed that opening a casino-resort here would help to significantly boost tourism rates in the city.

Unfortunately, the state set unusually high tax rates on this venue. Many casino companies withdrew from the running to obtain a license to operate this property. The issue of location has also been a big one lately.

No one seems to know where in Chicago this property will be situated. There are several areas of the city still in the running. Lakeside Center and The Chicago Tribune’s Freedom Center are two interesting locations. Many city officials are putting more thought into opening the new casino in Chicago in these areas.

It’s an interesting situation. Everyone wants to ensure that this new casino is as successful as possible. Location will play a huge role in its success. Most analysts agree that the locations being discussed are the best options right now.

Chicago is set to receive an incredible new casino-resort in the near future. We’ll be sure to offer more information on this situation over the next few months. Stay tuned for updates!

State Officials Set a New Tax Rate on Sports Betting Winnings

Back in May of 2018, the Supreme Court struck down PASPA. This gave every state in the country the option to legalize and regulate sports betting. Now, three years later, more than half the country has a sports betting industry.

Illinois’ first sports betting options went live back in March of 2020. Since that time, the industry here has grown steadily. Both land-based and online sports wagering are available in this state. It’s proven extremely valuable in the form of taxes.

This week, reports surfaced claiming anyone that makes over $600 in sports bets will now need to report their winnings to the state. These earnings will be taxed at 15%. Nicholas Royer, a financial advisor for MRFC, believes this will benefit the state in a big way moving forward.

“What happened is the state realized that 94% of sports gambling is now done online. And so they looked at this as, Oh, it’s a revenue that we can create for ourselves now that this is actually happening,” he said. “Illinois, is the fourth biggest in online gambling and sports betting right now in the country. Only behind Nevada, I think New Jersey and Pennsylvania. So it’s a pretty big deal and if we just look at September to October, just in that timeframe from September to October. There was a 42% increase in sports in sports gambling online.”

Many bettors are likely to be disappointed by this news. An increased tax rate could result in some choosing to wager through unregulated sites. In the long run, however, this will play a big role in bringing in some much-needed revenue for the state.

Are you excited to see the new casino in Chicago? Where do you think it should be located? Let us know in the comments section below!

Here’s What We Know About Philadelphia’s Newest Casino!

New Philadelphia Casino

Pennsylvania is now home to one of the largest gambling industries in the United States. Here, a huge number of world-class casinos are currently up and running. Today, we’re going to talk about the details surrounding Philadelphia’s newest casino.

Many were surprised to see this gambling venue opening its doors. It comes at a difficult time for the entire US gambling industry. Hope is that this property helps to boost gaming revenue in the state of Pennsylvania.

Let’s get into it!

Pennsylvania’s Gambling Industry Continues to Expand

Just a couple of decades ago, Nevada was thought to be one of the only major gambling hubs in the United States. Things have changed in a big way since that time. Today, nearly every state in the country has at least some kind of gambling industry up and running.

Pennsylvania has recently begun to expand its number of gaming options. Perhaps the biggest move came after the US Supreme Court struck down PASPA in May of 2018. Immediately after this decision, Pennsylvania formally legalized sports betting.

Here, both land-based and online sports betting is available. This industry is now helping to bring the state of Pennsylvania an incredible amount of money every single month. More of the world’s biggest sports betting companies are now working hard to break into the state’s market.

The casino industry here has been expanding recently, too. There are now 14 traditional casinos operating in the state. Pennsylvania also operates a huge number of popular mini-casinos. More are slated to open their doors over the next few years.

2020 proved to be an extremely difficult year for the casino industry in Pennsylvania. Of course, gambling companies benefited from the ability to offer casino games online. Hopefully, 2021 proves to be a more successful year for the industry.

For years, news has been surfacing about a new gambling venue opening its doors in the city of Pennsylvania. This week, this casino will finally open to the public.

Looking at the Details of Philadelphia’s Newest Casino

Prior to 2020, gambling revenue in Pennsylvania was rising steadily. The casinos here were proving to be hugely successful and many companies were pushing to open new properties here. Many of these companies have wanted to open one of these venues in the city of Philadelphia.

That includes Cordish Gaming, one of the largest gambling companies on the East Coast. Cordish Gaming owns and operates several popular casinos around this area of the country. Recently, this company has been constructing the Live! Casino and Hotel Philadelphia.

On Saturday, this exciting new property is finally set to open its doors. This $700 million casino is located in Philadelphia’s Stadium District and will hold several open sessions for those making reservations. It’s a sort of test for the owners to see how the casino operates.

Beginning on February 11, this property will officially open to the public. Reservations will not be needed at that time. That gives residents in the city the option to play any of the casino’s 2,100 slot machines and 121 table games.

Joseph Weinberg, chief executive officer of Cordish Gaming, spoke about his excitement in opening this property this week. He claims it will help to significantly boost gaming revenue throughout the state.

“We have the ability to not only attract people from Pennsylvania and New Jersey but from a much wider market area,” Weinberg said. “This is the only place in the country where you have a major resort casino and four major-league sports teams all in one location, so we think this will really attract people from all over the country to come for sports entertainment and gaming.”

Obviously, there are intense safety regulations set inside this casino. Many hope that with effective vaccine distribution, the casinos here will see their visitation rates increase. Stay tuned for more revenue updates over the next few months.

New Jersey Looks to Increase Casino Revenue This Year

Pennsylvania is now known for having a large, successful casino industry. It pales in comparison to the one over in New Jersey, though. Atlantic City is home to some of the country’s biggest casino-resorts.

Like all other major casino hubs, Atlantic City struggled immensely in 2020. Tourism rates here dropped throughout the year. For several months, all of the casinos in this city were completely shut down. Many are now hopeful that 2021 brings about a major change.

Casinos here are doing everything they can to see this change. Many have recently begun offering new, exciting deals to guests. There have also been a large number of new entertainment options becoming available in Atlantic City.

It’s extremely difficult to predict how things will look here this year. As we mentioned earlier, vaccine distribution could help to promote travel around the country. Many are still unlikely to want to visit a crowded casino, though.

It might be years before the casinos here see pre-pandemic levels of revenue. Fortunately, the sports betting industry here is helping to make up for the losses. New Jersey has been seeing consistent sports betting revenue increases for the past few months.

Many analysts are excited to see how things turn out here. Do you plan to visit Philadelphia’s newest casino? Let us know in the comments section below!

The Silver Legacy Resort in Reno is Set for a Major Upgrade

Reno Nevada

Caesars Entertainment has been busy over the past few years. This massive casino company is working hard to renovate some of its most popular gambling venues. New reports claim that the Silver Legacy Resorts in Reno, owned by Caesars, is set for a major upgrade in the near future.

It’s great news for residents and tourists with trips planned to Reno. Today, we’ll talk about what is being planned for this property. We’ll also look at some of the other plans for Nevada in the future.

Here’s what we know!

Caesars Entertainment Continues Working to Expand

The past ten months have been extraordinarily difficult for major US casino companies. Despite that fact, Caesars Entertainment has been working extremely hard to expand its operations. It seemed to begin after the company’s huge merger with Eldorado Resorts.

This was one of the biggest moves for the US casino industry in history. Eldorado paid an astounding $17.3 billion to acquire this company. That makes it the largest casino company purchase to ever take place in the country.

In order to push this deal forward, Caesars and Eldorado were forced to sell many of their casinos around the country. That includes several in Atlantic City. The money earned from these sales helped the newly-merged company cover costs associated with the deal.

Officials within Caesars haven’t slowed down since this merger. Last year, news broke that the company had agreed to purchase William Hill. This gives Caesars a massive new hold over the US sports betting industry.

Caesars has always been a huge player in the US casino industry. It’s quickly becoming one of the most powerful gambling companies in the world now. Many expect more major deals to be announced with this company over the next few years.

As many know, Caesars Entertainment owns a major gaming property in Reno. It now appears the company is planning a major renovation for this venue.

A Renovation is Being Planned for the Silver Legacy Resort in Reno

Reno is a popular gambling and tourist destination in northern Nevada. It’s a fun city filled with several world-class gambling venues. Like other US casino hubs, Reno has been facing a steep decrease in tourism and revenue throughout the past year.

Some feel that things are set to improve here soon, though. Several analysts claim that with effective vaccine distribution, Reno could quickly see a steep increase in its tourism numbers. That’s great news for the casino companies operating here.

You can add Caesars Entertainment to that list. This company operates the Silver Legacy Resort in Reno, which first opened its doors in 1995. This week, Caesars announced that it is planning an astounding $47 million renovation for this venue.

Silver Legacy Regional President and General Manager Glenn Carano spoke to the media about the company’s plans this week.

“We want to give guests a visit to remember when they stay with us at Silver Legacy,” he said. “Part of that memorable experience includes one of the most important elements to a trip: the hotel accommodations.”

Caesars wouldn’t be making this move unless they felt it would be profitable. It’s clear that the company feels that Reno will soon begin seeing a large increase in visitors. Some of the expected renovations for Silver Legacy Resort can be seen below.

  • Installing new hardwood furniture.
  • Updated window treatments and drapery.
  • Renovations of the bathrooms with new tile.
  • Replacing the carpets and flooring.
  • Installing new art and decor pieces.
  • Self-serve coffee makers, updated lounge seating and flat-screen, high-definition televisions.

This renovation process should be completed sometime in the near future. We’ll continue offering updates over the next few months!

When Will Tourism Rates Begin to Increase in Las Vegas

There has been a huge amount of attention placed on the Las Vegas economy over the past year. 2020 proved to be devastating for this city. That’s almost entirely due to the significant drop in tourism here.

Casinos are doing everything they can to boost the city’s tourism rates. It’s much easier said than done, though. Many are now cautiously optimistic that the city will finally begin seeing large numbers of tourists coming later this year.

Much like Reno, Las Vegas is relying on vaccines to help with things. It seems likely that this would help the entire country’s travel industry. Anything is possible, however, and casino owners are now getting ahead of themselves.

In the past, Las Vegas saw approximately 40 million visitors every single year. Will 2021 bring about those kinds of numbers? Probably not.

If everything goes according to plan, we could begin seeing a major improvement by the time summer rolls around. This is generally the most popular time for visitors to enter the city. Hopefully, we see that trend begin around this time.

Are you excited to see the renovations at the Silver Legacy Resort in Reno? Let us know in the comments section below!