Hossein Ensan Wins WSOP 50 Main Event

The 2019 World Series of Poker tournament has officially concluded. It was an incredible event featuring many of the world’s top poker players. Yesterday, Hossein Ensan became WSOP 50 Main Event champion.Hossein Ensan Playing Poker

It’s a long-time coming for Hossein, who’s a first-time WSOP Main Event winner. Today, we’re going to look at some of the full results of the 2019 WSOP tournament. We’ll also discuss how exactly Ensan managed to win this year’s Main Event. Let’s get into it!

2019 World Series Event Officially Concludes

We’ve been covering news on the World Series of Poker for the past few weeks. The tournament kicked off in June and has now officially concluded. It took place at the Rio Hotel in Las Vegas, Nevada.

The 2019 WSOP was the largest in history. More than 28,000 people competed in this event, including some of the top players in poker including Phil Hellmuth and Kevin Maahs. The pool prize for this tournament was also the highest in history, with the Main Event winner guaranteed a $10 million cash prize.

The WSOP 50 Main Event kicked off on July 3rd. It concluded yesterday, on July 17th. Now is the perfect time to look at how exactly Ensan managed to win the most prestigious event in professional poker.

Hossein Ensan Gets Past Dario Sammartino for Main Event Win

Ensan isn’t the biggest name in professional poker. He didn’t look like a newbie this year, though. He was ahead for the majority of the Main Event and breezed past Dario Sammartino to capture his first WSOP bracelet.

Hossein was ahead for the first three days of the Main Event. Sammartino began to pull ahead in the heads-up battle, yet Ensan began to regain his lead in the final few hours of the Main Event.

This heads-up fight reached a boiling point in the 301st hand. Ensan raised $11 million and Sammartino quickly called. After the flop, Ensan once again raised $33 million and Sammartino went all-in with 140 million. Ensan held king hearts-king clubs, while Sammartino held 8s-4s with hopes of securing a straight or flush.

It wasn’t meant to be. The river revealed a queen of clubs, and Ensan officially secured the WSOP 50 Main Event win with a pair of kings.

“It’s unbelievable, I cannot understand this moment. … I must go to sleep and wake up, and then maybe I know I have the bracelet,” said Ensan. “Maybe it’s a dream. I don’t know.”

This year’s Main Event saw 8,569 players compete. The total prize pool totaled $80,548,604. In total, it was the largest and most lucrative poker tournament in US history.

Online Poker Gambling Options in the US

Just because you didn’t compete in this year’s World Series of Poker tournament doesn’t mean you need to wait until next year to enter a major tournament! There are a huge number of amazing online casino sites in the US that put on poker tournaments every single month. Many of them offer huge payouts.

Bovada Casino is widely considered to be the most popular online poker site available in the US right now. It’s been operating here for more than a decade and provides a wide range of different poker gaming options on games such as Texas Hold’em, Omaha, and three-card poker.

This popular US casino website also offers all of the most popular internet casino games. You can find online slots, table games, and even live dealer gaming options all day, every day. If you want to play poker for real money online, this is probably the best site available right now.

Hossein Ensan came in as an underdog but shocked the world by winning the WSOP 50 Main Event. We’ll have to wait until next year to see whether or not he can do it again. Stay tuned for more US poker news!

California Casino Roof Collapse Injures 11 People

California is home to a huge number of tribal casinos. Millions of people visit these casinos every year, and the state earns a massive amount of revenue from their operations. This week, news is coming out that a California casino roof collapse has occurred, injuring 11 people.California Casino Floor Room

It’s a terrifying incident that fortunately didn’t result in any deaths. Today, we’re going to talk about what we know of the roof collapse. Later on, we’ll talk about the state of California’s casino industry. Let’s get into it!

Where Did This Take Place?

The roof collapse took place at the Larry Flynt’s Lucky Lady Casino in Gardena, California. This casino is known for staying up 24 hours a day and offers a wide range of different slots, table games, and poker tournaments. This casino is also home to several popular restaurants.

Officials at the Lucky Lady Casino gave an official statement on the roof incident. The homepage of the website states the following:

“Temporary Closed: 

A portion of our roof sustained damage, and as a result, we will need to close our doors while we make all necessary repairs. We look forward to announcing our reopening soon. In the meantime, please feel free to visit our sister casino down the street, HUSTLER Casino.” 

This casino establishment has changed hands numerous times over the years. The first owners opened the casino doors all the way back in 1940. It’s one of the most popular gaming establishments located in the Southern Los Angeles region.

How Did This California Casino Roof Collapse Happen?

Los Angeles Fire Department officials are still working to figure this out. Some were quick to point to the huge number of different earthquakes taking place around the LA area. On July 5th, a massive 7.1 magnitude earthquake struck Ridgecrest, a small town east of Los Angeles. Just a day before that, a 6.4 magnitude earthquake hit this area.

There are no indications that an earthquake is to blame. Tony Imbrenda, fire captain of the LA County Fire Department, gave a statement to the media this week.

“Currently we don’t have the exact cause of why this happened,” he said. “But clearly, as evidenced by the photographs that we’re seeing right now live on television, the area of this collapse was primarily around the area where a couple of large commercial air conditioners are situated on top of that roof.”

Flynt Management Group is hiring architects to figure out how this California casino roof collapse happened. As of Tuesday, there are no real leads. We will have to wait to hear more information over the next couple of weeks.

California’s Casino Industry Continues to Grow

There are a staggering amount of casinos in California. At the moment, only Native American Tribes are eligible to operate full-scale casino gaming establishments. There have been some attempts to legalize commercial casinos here, yet lawmakers in the state have pushed these requests to the side.

Many individuals choose to play at online casinos in California. At the moment, lawmakers here have shown no willingness to regulate internet casino gaming. It’s a shame because California is well-known to have one of the biggest casino markets in the country.

Fortunately, there are many amazing casino websites available here right now. Most of them offer a wide range of different casino gambling options including internet slots and table games. All of the ones that we recommend provide a wide range of safe payment options, as well.

All in all, this state’s casino industry is growing quickly. It seems like every single year, a new gaming venue opens up here. The California casino roof collapse is unfortunate, yet no one was seriously injured and the Lucky Lady will be up and running again soon.

Stay tuned for more news on how this casino’s roof collapsed!

Encore Boston Harbor is Being Sued for Cheating

Less than a month ago, the first casino establishment in Everett, Massachusetts officially opened its doors. It was an unusual location choice, yet analysts predicted the casino would become one of the biggest gaming venues on the East Coast. Unfortunately, the Encore Boston Harbor is being sued for alleged cheating. Court Gavel and Lawsuit Sign

It’s a tough blow for this Wynn-owned casino, which hoped to become the top gambling establishment in Massachusetts. Today, we’re looking at why players are suing this casino. We’ll also look at its revenue earnings over the past few weeks.

Encore Boston Harbor Posts Impressive Revenue Figures

The Wynn casino in Boston officially opened its doors on June 23rd, 2019. The decision to open this casino in Everett was met with some serious backlash. Everett is not known as a tourist destination. It’s largely an industrial zone, home to a water and sewage agency and power plant.

Of course, the Wynn has a proven track record of operating successful casinos. This company runs some of the top casinos in Las Vegas and other cities around the country. It’s not entirely surprising to see that it’s already posting some impressive revenue figures.

In its first week of operating, the Encore Boston Harbor has generated more than $17 million. According to the Massachusetts Gaming Commission, this casino generated more than $2 million per day. Alan Woinski, president of the New Jersey-based Gaming USA Corporation, is impressed with how well the casino is doing right now.

“This was the best opening period for a new casino in a long time,” he said. 

John DeCree, a Union Gaming analyst, claims the high earnings are not entirely surprising. He feels the trend will continue as Wynn Boston Harbor begins to expand their marketing efforts.

“Usually the first 30 days of a new casino opening are very strong, so it’s not surprising,” DeCree said. “However, Wynn Resorts executives said they haven’t even really started marketing to their higher end players yet until they have a few months of smoothing out the operations, so it looks like Encore Boston is off to a good start with a promising outlook.”

Unfortunately, Encore Boston Harbor is being sued. Let’s take a quick look at why.

Encore Boston Harbor is Being Sued This Week

According to new reports, the huge revenue earnings coming into this casino may not be all that it seems. An individual is claiming that this casino is cheating blackjack players and withholding slot winnings from players. A class-action lawsuit alleges that the Encore Boston Harbor “willfully and intentionally” altered playing odds in the casino’s favor.

This lawsuit states the Wynn casino paid customer with odds of 6 to 5 for blackjack. Under state law, casinos are required to pay players odds of 3 to 2. That may not seem tremendously important, yet it could save the casino an estimated $30 million each year, according to reports.

There is also an issue with this casino’s slot winnings. According to the lawsuit, the Encore only pays out slot winnings in whole dollar amounts. Extra change is simply added to the casino’s coffers. Over time, this small amount of money adds up to millions.

Officials at Wynn are denying the allegations. Company spokesperson Michael Weaver claims that the Encore is following all of Massachusetts state gambling laws.

Future of Encore Boston Harbor

It’s never a great thing when a casino is sued during its first month of operating. With that being said, a huge number of New England gamblers have already played in this establishment. As one of the only major casinos in the Boston area, it’s unlikely that this lawsuit will have much of an impact.

The Massachusetts Gaming Commission states that it’s aware of the lawsuit. Before this casino opened, Commission officials visited and approved the games.

Gambling experts believe the Encore Boston Harbor will generate more than $800 million in its first year of operating. As we mentioned earlier, this casino has not made much of an effort to target VIP players. Once it ramps up the marketing efforts, this gaming establishment may grow to become the biggest land-based casino on the East Coast.

Encore Boston Harbor is being sued. Most feel it won’t have any major impact on its operations moving forward. The state Gaming Commission may be forced to review the casino’s gambling structure and ask for changes to be made.

Make sure to stay tuned for more updates on this lawsuit over the next few weeks!

David Paterson Pushing Hard for NYC Casino

Lawmakers in New York has been working to expand the state’s gambling industry for years. It’s interesting, considering this state was largely against most forms of gambling for years. David Paterson, former NY state governor, is now lobbying for Las Vegas Sands to get a NYC Casino opened.Former Governor David Paterson

It’s no secret that the Sands is looking to expand into New York. Voters in the state have approved a casino in the Big Apple, yet the current set of laws claim none can open here until 2023. Paterson and officials at Las Vegas Sands feel that this wait is unnecessary.

New York’s Casino Laws, Explained

As we mentioned above, New York has had a love-hate relationship with gambling over the years. Back in 1957, this state legalized bingo gambling. Nine years later, lawmakers here approved a state lottery.

In 1988, Congress passed the Indian Gaming Regulatory Act. This allows Native American tribes to operate casinos in tribal land throughout the country. Since this law was passed, a large number of Indian casinos begin to open in New York, the majority of which are located in the upstate area.

In 2013, New York held a vote on the future of casino gambling. Interestingly, voters here approved plans to open up commercial gambling establishments. This vote allows for seven new casinos to open up.

Four of these new commercial casinos will open in upstate New York. Another three are eligible to open downstate, including New York City and its suburbs. So why are some claiming that a NYC casino isn’t possible anytime soon?

Former Governor Wants a NYC Casino to Open Next Year

The vote to add commercial casinos in New York was historic. For decades, the only legal casino establishments operating in this state were run by Native American Tribes. Finally, the top US casino companies have the chance to break into this market.

Unfortunately, the laws set in place makes it a little difficult for these casinos to begin operating. Under these laws, the first NYC casino cannot officially open until 2023. Lawmakers here decided to delay the downstate casinos in order to give the upstate casinos a fair shake in the state’s casino market.

Not everyone feels this makes sense. Former Governor David Paterson is pushing for Las Vegas Sands to open a casino in New York City by next year.

“Is it going to happen in 2023 or 2020? Why not start three years earlier?” he said. “This is really a tremendous opportunity to create jobs in New York.”

Anthony Cuomo, the current governor of New York, is not quite as optimistic about the state’s casino industry as Paterson. Speaking to the media, Cuomo explained that the effects of expanded casino gambling options are still not entirely known.

“I’m not a great fan of the gaming industry, but it’s here, it’s real, states all around New York are doing it,” he said. “Obviously more people lose in gambling than win, and if there’s not a significant economic benefit to the state, or a region of the state, then I would rather not do it.”

Competition is Fierce in New York’s Casino Market

Obviously, a huge number of the country’s top casino operators are working to enter into this market. There are more than 8.5 million people in New York City alone, many of whom love to gamble. It’s likely that any casino built in this city becomes one of the biggest gambling establishments in the country.

MGM Resorts and Genting Group have both expressed a desire to open full-fledged casinos in NYC. Las Vegas Sands is working hard to gain a foothold here, as well. Having David Paterson is certainly going to help their chances.

Casinos in downstate New York will face a licensing fee estimated at $500 million. If any casinos manage to break into this area before 2023, they will also need to pay additional early entry fee costing millions. Still, the potential earnings associated with a NYC casino is enough for major companies to pay these fees.

We’ll have to wait and see which companies manage to enter into the downstate area first. Many gambling fans here choosing to access the online casinos in New York. Perhaps in time, the state will begin to regulate this industry, too.

Stay tuned for updates on this situation over the next few weeks!

Pennsylvania’s Online Casino Market Opens This Week

Three separate casinos in Pennsylvania are finally able to offer online services this week. It’s a long time coming for this state, which legalized online gambling back in 2017. Pennsylvania’s online casino market is expected to bring in serious revenue for the state. Pennsylvania Highlighted on Map

The three casinos are officially launching trail runs for their online services. If all goes well, the casinos will be eligible to offer full-fledged internet gaming services by the end of the week. Now is the perfect time to look at why Pennsylvania legalized online casino gambling in the first place.

Recent Changes to Pennsylvania’s Casino Laws

For many years, the state of Pennsylvania has been one of the country’s leaders in casino gambling. Land-based casinos have operated here for decades. A number of racinos (horse racing tracks with casino-style games) have also helped to generate revenue for the state.

Unfortunately, gambling revenue has dipped here over the past decade. A surge in Atlantic City’s gambling scene and additional competition in New York has hurt the state’s casino market. Lawmakers realized this and decided to implement some new laws on the industry.

In October of 2017, Governor Tom Wolf signed House Bill 217 into effect. This bill makes it legal for land-based casino operators to offer a range of online casino games including poker, table games, and internet slots. The state government felt that offering online casino games would help to rejuvenate the state’s gambling industry.

It certainly makes sense. States like New Jersey are profiting massively from their online gaming operations.

House Bill 217 also legalized sports betting. Of course, the state had no legal right to allow this popular form of gambling until PASPA was struck down in May of 2018. Now, Pennsylvania has one of the most successful sports betting markets on the East Coast.

Pennsylvania’s Online Casino Market Finally Opens

The Parx Casino, SugarHouse Casino, and Hollywood Casino are launching a trial run on their internet gambling operations this week. The casinos will have a two-day period to monitor and test their internet gambling services. It’s an extremely exciting time for casino gaming fans located in areas of the state without a land-based casino.

Hollywood and Parx Casino are the first to offer these online games today. SugarHouse Casino is launching its internet gambling services on Wednesday. Over the next few months, all of the ten casinos granted an online gaming license will begin offering their online casino gaming platforms.

During this trial run, casinos are limited to offering user-versus-computer games. Eventually, a wide range of different games will be available online. Even major online poker tournaments will be offered to Pennsylvania residents.

Pennsylvania’s online casino market is opening nearly two years after becoming legal. It’s the fourth state in the country to offer this service. Will it be as successful as these other states with legal internet gambling?

Revenue Projections for Online Gambling in Pennsylvania

It’s no surprise that so many are excited about this market finally opening up. As we just mentioned, gambling revenue here has failed to meet expectations over the past decade. Even Pennsylvania’s sports betting market is failing to meet the revenue projections set by lawmakers.

There’s reason to believe that online gambling will change all of this. There are already a huge number of online casinos in Pennsylvania that residents play through. Most of these are currently unregulated by the state. Once more licensed sites are operating, the state will earn valuable revenue through taxes.

New Jersey is the gold standard for online gambling right now. According to numerous outlets, internet gaming makes up more than 10% of the state’s overall gambling revenue. The state earns millions every single month from the legal online gambling services being offered.

Pennsylvania’s online casino market is already paying off. Casinos here paid millions in licensing fees. As more casinos begin to offer internet gambling services, this state may begin to compete with New Jersey and Nevada as the country’s top online gambling destination.

Eldorado Resorts Officially Selling Two Casinos

The Eldorado Resorts – Caesars Entertainment merge continues to unfold. This week, news is coming out that Eldorado is selling two of its casino properties. Experts claim it will help the major gaming company prepare for the upcoming acquisition of Caesars Entertainment. Hundred Dollar Bills

This sale is not entirely surprising. Earlier this week, we reported on the news that these companies may both begin selling casinos. Today, we’re going to look at which casinos are being sold, and talking about how this will affect Eldorado moving forward.

Deal Between Eldorado Resorts and Caesars Getting Closer

Just a few weeks ago, two of the biggest gambling companies in the United States announced they planned to merge. Eldorado Resorts and Caesars Entertainment had been rumored to join together for years. It was reported that Eldorado agreed to purchase Caesars for more than $17 billion.

Of course, this deal cannot be sealed right away. A number of steps must first be taken, including getting approval from numerous gaming boards across the country. These companies are both working to cut down on costs before the merger is completed, and property sales are one of the best ways to accomplish this.

There are rumors that Caesars plans to sell some of its Las Vegas Strip properties. A number of major Nevada casino operators have announced they are interested in acquiring these casinos. This week, news is coming out that Eldorado Resorts is officially selling two of its properties.

Eldorado Officially Selling Two Casino Properties

The $17 billion paid for Caesars is one of the largest gaming purchases in US history. Obviously, Eldorado is going to be looking for any way to balance their sheets before this money is paid. The company has announced that they are selling two separate casinos to help with this.

One of the casinos is the Isle of Capri located in Kansas City, Missouri. The other is the Lady Luck Casino Vicksburg, located in Vicksburg, Mississippi. Eldorado is gaining a combined $230 for the two casinos.

Union Gaming analysts James McCree commented on the sale today.

“The sale is relatively small compared to the acquisition of Caesars, but it does help free up some balance sheet capacity to help finance the larger acquisition,” he said. 

These sales may also be required by law. Once the merge is complete, the new Caesars company will be the largest gaming operator in the US. The Federal Trade Commission will almost certainly force this new company to sell some of its assets.

Even after losing these properties, Caesars will control more than 60 casinos once the deal is complete. Most feel that a Vegas Strip sale is now even more likely to take place in the near future.

Who is Buying These Properties?

Eldorado Resorts has announced that it’s selling these two casinos to Rhode-Island based Twin Rivers Worldwide Holdings Inc. Twin Rivers is quickly growing to become one of the largest gaming companies based on the East Coast. The acquisition of these two properties will help to increase their presence in other states.

Twin Rivers may very well purchase the Vegas Strip casinos rumored to go for sale in the future. Others feel that this company will avoid the Las Vegas area, and instead stick to buying regional properties. Only time will tell.

The sale of these two casino is certainly having an impact on Eldorado Resorts and Caesars Entertainment. Eldorado’s stock dropped by 3.8% to $45.54 today. Caesars stock lowered by 1.1% to $11.85. Ultimately, it’s the right decision to make before this historical merge taking place in 2020.

There are some big changes coming to the US casino industry. Many states are beginning to legalize online casino gambling and even more are opening their sports betting markets. Make sure to stay tuned for updates on this situation as they unfold!

Next PFL Season Taking Place at Atlantic City Casinos

The Professional Fighters League has grown to become one of the most popular MMA promotions in the world. Some of the top fighters in the world compete in tournament events for the chance to win $1 million dollars. The next PFL season is taking place inside Atlantic City Casinos, meaning anyone in this area can check out the fights!PFL Logo Design

It’s an exciting time for those in the Atlantic City area. Fortunately, those located in other parts of the country can still place wagers on these fights. Today, we’re looking at the fights taking place, and discussing which US gambling sites are offering odds on them. Let’s get into it!

Ocean Casino Resort Hosting the Next PFL Season

Atlantic City has hosted some of the biggest combat sports events in history. Legendary fighters like Mike Tyson, Floyd Mayweather, and Arturo Gatti have all competed here. More recently, the UFC has come into town featuring fighters like Donald Cerrone, Edson Barboza, and Kevin Lee.

Now, this historic gambling city is hosting the next PFL season. Three separate events are taking place inside the Ocean Casino Resort, one of the more popular casinos located in this city. Recently, this gaming establishment teamed up with a few others to promote the North Beach section of Atlantic City.

PFL 4, 5 and 6 will all take place inside this casino. These events will take place on July 11th, July 25th, and August 8th. Each of the PFL’s top fighters across multiple weight classes will be competing for their chance to make the tournament finals.

Ocean Casino is certainly popular, yet it hasn’t generated as much revenue as many of the other casinos in this city. Perhaps hosting the next PFL season will help! Let’s take a quick look at who’s competing.

Major Upcoming PFL Fights in Atlantic City

PFL 4 is taking place today. We’ll skip the fight breakdown for that event. On July 25th, the 5th event is scheduled to take place and features some of the top fighters in the promotion. Kicking off the main card is Gadzhi Rabadanov and Daniel Pineda.

Rabadanov is a product of Dagestan and training partner of UFC lightweight champion Khabib Nurmagomedov. He’s accumulated an 11-2 record in his professional career, including his first PFL win against veteran Steven Siler back in May. Pineda is a UFC vet with 25 wins against 13 losses. It’s an intriguing matchup between a promising up and comer and a longtime competitor.

In the co-main event, Lance Palmer is taking on Luis Rafael Laurentino. Palmer managed to win last year’s PFL season using his dominant wrestling and is the current favorite to do the same this season. Laurentino is no pushover, though. He has one of the best records in MMA right now at 34-1 with the majority of his wins coming via stoppage. It’s perhaps the most intriguing matchup in the entire tournament.

Finally, Chris Wade will fight Akhmet Aliev in the main event. Wade was a UFC standout and has the well-rounded game to give anyone trouble. Akhmet is another Russian star with 18 wins and just 4 losses. This entire event is stacked.

PFL Season Betting Odds for 2019

There are a huge number of amazing online casinos in New Jersey. In fact, most of the online casinos operating in this state are available throughout the entire country. Many of these internet casino sites operate sportsbooks as well and provide betting odds on the next PFL season.

One of the best is Bovada Casino. This site is well-known for offering a huge number of great MMA odds in 2019. Unfortunately, Bovada has not yet released lines for PFL 5. They did, however, provide some amazing odds for the PFL event taking place tonight.

Tonight’s event is headlined by Chris Curtis and Magomed Magomedkerimov. Curtis is listed as the underdog with odds of +330. Magomedkerimov comes in as the heavy favorite with current odds to win at -400.

There are a number of other odds available here. Kayla Harrison competes in the co-main event and is the biggest favorite on the entire card. Her odds sit at -1500, while her opponent, Morgan Frier, enters with odds of just +950.

The next PFL season is taking place in Atlantic City. There are some incredible fights scheduled to take place. If you can head to this city and bet on the fights, great! If not, feel free to check out some of the gambling sites here and place your bets from anywhere in the country!

Oklahoma and Tribes Argue Over Casino Gaming Revenue

Lawmakers in Oklahoma are clashing with Native American Tribes over the casino industry. Governor Kevin Stitt suggests that tax fees for tribes operating casinos should be reevaluated. Oklahoma and tribes are both claiming the other is being unfair. Oklahoma Governor Kevin Stitt

It’s a tough situation, yet not one that’s entirely unusual. We’ve seen a number of states clash with Native American tribes over the past several months. Let’s look at what exactly the governor is calling for, and why tribes in this state are pushing back.

Casino Gambling Laws in Oklahoma

Oklahoma is not typically thought of as the most liberal state in the US. When it comes to gambling though, lawmakers here have taken a very progressive stance. Today, most forms of gambling are completely legal and regulated here.

Oklahoma has the highest per-capita number of Native American residents. Under the Indian Gaming Regulatory Act of 1988, the tribes in this state have the ability to operate casinos. Oklahoma allows these tribes to run Class II and Class III category casino establishments.

Unsurprisingly, Oklahoma has one of the largest selections of casinos in the US. There are gaming establishments located all over the state. Some are fully-functional casinos offering a wide variety of slots and table games. Others are small and only provide limited electronic poker gaming options.

Oklahoma casinos earn huge amounts of money for the state. Now, the governor is asking for a reevaluation of the current tax structure. Why are tribes pushing so hard against this?

Oklahoma and Tribes Pushing Against Each Other Over Casino Revenue

There are more than 130 casinos spread around Oklahoma. As we already mentioned, all of these establishments are run by Native American Tribes. Last year, these tribes paid nearly $139 million to the state in taxes off of more than $2 billion in total gaming revenue.

At the moment, the tax structure calls for tribes to pay between 4% to 10% on their total gambling revenue. For years, this deal between Oklahoma and tribes has worked out for both parties. Governor Stitt is now calling for this structure to be reevaluated.

Obviously, this is not sitting well with tribal leaders. Many of these tribes argue that they contribute much more than just revenue for the state. They are one of the largest employers in Oklahoma and invest millions into healthcare, education, and infrastructure.

John Berrey, chairman of the Quapaw Nation, vented his frustration to the media this week.

“What I don’t understand, in any of his op-ed, there’s no recognition of the true value of the tribes,” he said. “(Native American tribes) are one of the largest employers in the state. We provide benefits for our employees. We’re probably the most philanthropic group in the state.”

Are Oklahoma Casino Tax Rates Going to Change?

It’s not entirely clear yet. Right now, the governor is simply asking for the state’s Gaming Board to review the current rates that casinos pay. There is no indication that these tax rates are set to officially change.

Governor Stitt may have gone about this in the wrong way. Instead of contacting the tribes directly, he voiced his opinion to the local news company. Some also feel that an agreement between Oklahoma and tribes isn’t completely necessary right now.

Under the current set of gambling laws, these casinos are granted 15-year licenses to operate. The governor believes that before the next license renewals can be granted, the state and tribal leaders must agree on new tax rates. Many tribes feel that if an agreement is not reached, these licenses will be automatically renewed.

Spokeswoman Donelle Harder claims the governor recognizes the huge contributions that the tribes make to the state. She also believes Stitt will be fair and open in creating a new agreement that benefits both the state and tribes operating casinos here.

Negotiations will take place over the next several months. Hopefully, these two parties can take part in healthy and constructive negotiations. Stay tuned for more updates on the situation between Oklahoma and tribes as they come out!

Are Las Vegas Strip Casinos Going For Sale?

The Las Vegas Strip is likely the most lucrative casino destination in the world. This stretch of road is home to many of the biggest and most lucrative casino-resorts currently operating. With the Eldorado Resorts merging with Caesars Entertainment, many analysts predict a number of Las Vegas Strip casinos will go for sale. Las Vegas Tourist Sign

It’s an exciting time for casino operators in this city. Some of the top gaming companies in the US have expressed interest in buying properties here. Let’s look at why these casinos may go for sale, and who are looking to buy them.

Eldorado – Caesars Merge Updates

Just a few weeks ago, we reported on the news that Eldorado Resorts and Caesars Entertainment had agreed to merge. Eldorado paid more than $17 billion to acquire Caesars properties, many of which are located in Las Vegas. It’s one of the largest casino deals ever made in the United States.

The newly merged company, now called Caesars, will be based in Reno, Nevada. Interestingly, it comes just two years after Caesars emerged from Chapter 11 bankruptcy. The deal also came after billionaire Carl Icahn purchased a 16% stake in Caesars Entertainment.

With this merger, the company now operates more than 80 casinos around the United States. A number of these casinos operating inside Atlantic City. There are some in AC’s Gambling Board that feels the merger could result in an almost monopoly-like situation. There’s a meeting scheduled to take place here on the subject.

There are many that feel Caesars will begin to sell a number of it’s Las Vegas Strip casinos. Eldorado CEO Tom Reeg claimed it’s a real possibility in the future.

“I would expect that we would be a seller of a Strip asset, but that decision has not been made,” he said in a recent Las Vegas gaming conference. 

Companies Already Interested in Buying Las Vegas Strip Casinos

It’s an extremely exciting time for the Las Vegas casino industry. A number of major players in the gambling industry have already expressed interest in purchasing a property up for grabs. Most notably, Tilman Fertitta.

Fertitta and his company own and operate the Golden Nugget Casinos. The group has a proven track record of success. It would certainly be a major upgrade for this company, as Fertitta does not currently own any casinos located on the Strip.

Union analysts James DeCree, a Union Gaming analyst, feels it’s inevitable for Caesars to sell some of its properties. He claims it’s too early to tell which casinos will be sold, yet at least one is likely to be up for grabs within the next few years.

Not many companies have publicly stated they plan to purchase one Caesars properties. Experts predict that a number of them will in the near future. Boyd Gaming and Penn National Gaming are two of the top options. Even smaller companies could get in the mix.

Advantages of Buying One of Caesars Properties

Buying an already-constructed casino certainly has its advantages. Constructing a new casino-resort from scratch can cost billions. Purchasing a casino that’s already been made costs considerably less and offers the opportunity for a quick cash return.

Of course, buying one of these properties will come with a heavy price tag. DeCree feels this may make it difficult for Caesars to find a buyer.

“You’re looking at peak prices right now in Las Vegas at this point in the economic cycle,” he said. 

Caesars is very likely to sell at least one of its Las Vegas Strip casinos. It’s also possible that they sell some of the smaller casinos in Las Vegas located off the Strip, as well. It would be nothing new for Eldorado, which sold three of its smaller properties last month.

The Federal Trade Commission still needs to make an inquiry into the details of this merger. This government body may actually force Caesars to sell a few casinos before the deal can be officially sealed.

A few Las Vegas Strip casinos are almost definitely going for sale in the near future. How long it takes a company to purchase one of these properties is unknown. Stay tuned for more updates over the next few weeks.

More Mini Casinos in Pennsylvania Planned

Pennsylvania is going all-in on the gambling industry. Not long ago, the state handed out five licenses for new small casinos. This week, news is coming out that an additional five mini casinos in Pennsylvania are being planned to open, as well. Pennsylvania on US Map

A budget-related bill includes plans to increase gambling revenue in the state. Hope is that mini casinos help Pennsylvania accomplish this goal. Let’s look at the plans for these small gambling establishments.

Pennsylvania Investing Heavily Into Casino Industry

The state of Pennsylvania has always been one of the top casino gambling destinations on the East Coast. In 2017, Governor Tom Wolf signed a new bill into legislation that allows for online casino gambling in Pennsylvania, sports betting, airport gaming lounges, and daily fantasy sports. Part of this bill also allows for new, small casino gambling venues to open in five different cities.

Lawmakers here were quick to get sports betting up and running. After PASPA was struck down in May of 2018, this state was quick to open sports betting operations inside a number of different casinos. Today, online sports betting is fully available throughout the state, as well.

Gaming companies paid $127.7 for five new casino licenses here. The next major casino is scheduled to open early next year. Interestingly, this state is also pushing hard to open even more of what are being called “mini casinos.”

Mini casinos in Pennsylvania are expected to bring in some much-needed revenue. This state’s Gaming Control Board is now pushing for an auction process for these satellite casinos. Let’s look at how these gambling establishments will benefit the state.

Lawmakers Ready for New Mini Casinos in Pennsylvania

The state’s Gaming Board approved a motion directing Executive Director Kevin F. O’Toole to begin the bidding process for these new mini casinos. The venues, also called Category 4 casinos, can only be operated by one of the state’s 13 major casinos. They can hold up to 750 slot machines and 40 table games.

The Gaming Board requires Pennsylvania to conduct five rounds of bidding for these licenses. This bidding process must begin by September 4th. It must conclude by December 31st. If none of the casino operators here bid for a license, the auctioning process will conclude.

It’s still not clear exactly how successful these casinos will be. The first satellite casino was approved here last month. Whether or not there is customer demand for these additional gambling venues is unknown.

Many are also wondering if the state’s casinos will bid to construct these mini casinos in Pennsylvania. Last year, these casinos paid millions in licensing fees. The risk of paying millions for another small gambling venue may not be worth it to these companies.

Where Are These New Gaming Venues Opening?

The state has already approved five mini casinos to open. Penn National, one of the top casino operators in the state, has won bids to open two of these satellite casinos. One will be constructed in Morgantown. The other is scheduled to open at the York Galleria Mall.

Stadium Casino LLC is scheduled to build a mini casino at the Westmoreland Mall outside of Pittsburgh. Mount Airy Casino Resort is also opening one of these casinos north of Pittsburgh. Finally, Parx Casino is scheduled to open a new gaming venue in Shippensburg.

Of course, the bidding process for the next five mini casinos in Pennsylvania won’t take place for months. Until it does, it’s anyone’s guess which cities they will end up in.

The new set of gambling laws here state that these satellite casinos cannot be built within 40 miles of an existing casino. The cities of Wayne, Pike, and Carbon counties have all voted to ban casinos.

Make sure to stay tuned for more news on where these new mini casinos will end up. As soon as the auctioning process begins, we’ll let you know about it.