More State Residents Push to Allow Legal Casinos in Texas

Texas State Flag

For months, there has been an ongoing discussion on whether or not to begin allowing casinos to operate in the state of Texas. Many, particularly lawmakers, are torn on the subject. New reports claim that a growing number of state residents are now pushing to allow legal casinos in Texas.

Many analysts now feel that allowing casinos will help to bring the state a huge amount of revenue each year. It could also help to keep more money from flowing into neighboring states with casino industries up and running. Now is a great time to talk about what could lead to casinos being legalized here soon.

Let’s get into it!

Las Vegas Sands Continues Pushing Into Texas

The US gambling industry has been growing steadily over the past decade. Prior to 2020, casino revenue was surging around the United States. Many states began allowing new casino-resorts to open.

Of course, the events that unfolded in 2020 put a halt to much of this progress. For months, all casinos around the country were completely shut down. Most began reopening around the summertime, yet revenue figures were extremely slow to increase.

Despite the difficulties, Las Vegas Sands is continuing to make a push into the state of Texas. This isn’t easy when considering all casinos are completely banned here. Company officials are trying to convince lawmakers to finally change their stance towards this industry.

Things have been extremely tough for Las Vegas Sands in recent months. The company has been seeing extremely low earnings over the past twelve months. Longtime CEO Sheldon Adelson passed away earlier this year. LVS was even forced to sell The Venetian Casino-Resort in Las Vegas to focus more on operations in Asia.

Texas remains an extremely exciting market for some of the country’s biggest casino companies. Many feel that it’s time for the Lone Star State to update its gambling laws. That includes a huge number of residents.

There is some progress being made to finally allow casinos here. Unfortunately, several massive hurdles are in the way of the state’s casino industry launching.

Majority of Residents Support Allowing Legal Casinos in Texas

There are many states around the country that do not allow casinos. There are many reasons why this is. As the years go on, however, more parts of the country are taking a closer, more realistic look at this industry.

Texas has been known as one of the most anti-gambling states for years. It’s a shame, as several nearby states such as Louisiana and Oklahoma are home to a huge number of popular casinos. Lawmakers in Texas have simply pushed against allowing any casinos to operate in the state.

A new poll by The Dallas Morning News and the University of Texas at Tyler revealed that the majority of residents in Texas now support allowing casinos. 57% of those polled support casinos. Just 29% of those polled were against the legalization of casinos.

This isn’t completely surprising. An estimated $2.5 billion is spent on gambling operations in other areas of the country. Many residents here now recognize that fact and believe this money should stay within the state.

Many lawmakers are still pushing against the legalization of casinos. Even Governor Greg Abbott seems to feel this isn’t a pressing issue right now. It will be very interesting to see how things evolve with the gambling industry here over the next few months.

Texas could someday be home to a large casino industry. There are now many asking how things will play out in the country’s biggest gambling hub, Las Vegas.

Las Vegas May Bounce Back This Summer

2020 took a devastating toll on the entire US casino industry. Las Vegas was hit particularly hard because of the events that unfolded last year. The casino shutdowns here were forced to close their doors for months, leading to an almost complete stop of tourism.

Things are beginning to improve here, though. Tourism has been slowly increasing in Las Vegas throughout 2021. A drop in infection rates has led Governor Sisolak to remove certain restrictions that also help to boost tourism rates.

Some analysts believe that by summer, the city will be in the middle of a major comeback. Summer tends to bring the most tourists into Las Vegas. With effective vaccine distribution, many are likely to feel more comfortable making the trip to the country’s biggest casino destination.

Casinos here are already seeing an increase in revenue. Several recently began resuming their 24-hour operations. If infection rates continue to drop, more venues such as nightclubs and similar venues will be given permission to reopen.

There could be a huge comeback for the entire US casino industry. Gambling companies are certainly hopeful. We’ll be sure to report on more revenue earnings over the next few weeks.

Do you think we’ll see legal casinos in Texas soon? Let us know in the comments section below!

Here’s What We Know About the New US Casino Shutdowns

Winter Storm

As most are likely aware, much of the US is experiencing unprecedented winter storms right now. These are so severe in some parts of the country that major power outages are being reported. We’re now beginning to hear about new US casino shutdowns in some states, as well.

Several casinos are voluntarily shutting down as a way to help struggling power grids. Today, we’ll talk about where exactly this is happening. We will also look at how the casino industries in these states have been faring lately.

Let’s get into it!

Major Casino Hubs Brace for an Uncertain Future

Prior to 2020, the major gambling and entertainment hubs across the United States were thriving. Millions were flocking to cities like Las Vegas and Atlantic City to take part in the festivities. Gaming revenue was surging and exciting new casinos were popping up around the country.

As most are aware, things began shutting down in March. Every state ordered its casinos to shut down that month. Many of the casinos that shut down that month are still closed to this day. That includes the hugely popular Palms Casino-Resort in Las Vegas.

The country’s major casino hubs are still struggling to this day. There is no clear end in sight. There are some health experts claiming the worst is yet to come. That doesn’t bode well for casino companies.

Tourism rates in places like Las Vegas are still very low. Nevada Governor Sisolak claims he is open to loosening restrictions in the state. That may not be enough to significantly boost tourism numbers here, though.

Many of the smaller casino hubs are still struggling. That includes the ones over in the midwest. To make things worse, this area of the country is currently experiencing one of the most extreme winter storms ever seen.

It now appears this is taking a toll on the casino industries in this part of the US. Here’s what we know about this situation.

More Voluntary US Casino Shutdowns Are Being Reported

The storms raging across the US are unlike the normal ones taking place during wintertime. A huge number of states are seeing record levels of snowfall and huge drops in temperatures. Texas, in particular, is finding it difficult to cope.

Millions in the state have been left without power. The drops in temperature left an unusually large number of people in need of electricity. As a result, the state’s power grid could not handle the load and crashed in different areas.

Several people have died as a direct result of these power outages. Unfortunately, these storms are expected to continue for days. Experts believe more are likely to perish as the colder weather lingers around the country.

Several US casino shutdowns are now being reported in states where the energy grid is being pushed to the limit. The Cherokee Nation Businesses announced it was voluntarily closing down nine of its casinos in the state of Oklahoma as a way to save energy. CEO of Cherokee Nation Businesses Chuck Garrett spoke about this situation to the media this week.

“CNB has built a reputation for making tough decisions for the right reasons, and that legacy will continue today as we put the needs of our communities ahead of our business goals,” he said. “As an industry leader, we hope we can inspire other businesses throughout the region to join us as we plan, prepare and proceed through the next few days of inclement weather.”

Hope is that more businesses requiring huge amounts of electricity decide to take similar approaches. This could end up saving many people from losing their much-needed power right now. We’ll continue offering more updates on this situation over the next few days!

Texas Continues to Push Against Casino Plans

Texas is facing one of the worst storms in US history right now. Obviously, getting through this situation is now priority number one for many officials in the state. Analysts predict the storm to continue for days and a long road to recovery.

Eventually, lawmakers here will once again look at the plans to legalize casinos. Some of the biggest and most influential casino companies in the United States have been pushing hard for Texas to finally embrace the casino industry. That includes Las Vegas Sands, which believes doing so will help the state bring in a huge amount of revenue every year.

Not everyone is convinced. Not long ago, a Senate leader in the state voiced his disapproval for these plans. He claims it’s simply not something most lawmakers in Texas feel is needed. Some lawmakers disagree and feel Oklahoma is benefiting from the state’s anti-casino laws.

Now may not be the best time for Texas to embrace this industry. No one knows when the country’s land-based casinos will see a complete recovery. Until that happens, this issue may be on the backburner.

There is a chance for Texas to begin embracing sports betting, though. 26 states across the country have recently chosen to do so. Most are profiting massively as a result. Experts believe it won’t be more than a few years until Texas has a legal sports betting industry set in place.

Are you surprised to hear about the US casino shutdowns? Have you been affected by the storms across the country? Let us know in the comments section below.

Cowboys, Mavericks Throw Support for Legal Texas Sports Betting Bill

Texas State Flag
Sports Betting Alliance says that the Dallas Cowboys, Dallas Mavericks, and Texas Rangers have thrown their support for legal Texas sports betting.

The Alliance, which is a coalition of companies backing the proposed sports betting bill, revealed that the Cowboys, Mavericks, and Rangers have joined the Dallas Stars and FC Dallas in backing the legislation to legalize sports betting in the Lone Star state.

Since gambling is banned in the state constitution, legal Texas sports betting will need the nod of two-thirds of both the House and Senate to amend the constitution. After that, another bill will have to be passed to enact the details of licensing and regulation. Then it will have to be approved by a majority of Texans in a vote.

What Does the Bill Say?

The current version of the legal Texas sports betting bill provides for the state to sell “skins” or permits to sports betting operators who partner with a sports franchise or a horse racing track. Some skins will only allow online legal Texas sports betting, while others will permit the on-site betting in sports stadiums and horse-racing tracks.

Licenses would cost $500,000 for mobile Texas sports betting and $50,000 for on site operators. Renewal fees would also be collected with the Texas Department of Licensing and Regulation in-charge of issuing the skins.

Only players aged 21 and older are allowed to wager on sports. The list of sports available for betting was not available but under the bill, betting on college sports in permitted. According to the bill’s author, Houston Republican Rep. Dan Huberty, bettors would receive a maximum of 90% of their winnings. The remaining 10% will go to the Texas special education fund.

Limited Gambling in Texas

The only forms of gambling that exist in the Lone Star State are the Texas Lottery, bingo, plus some horse and greyhound racing. Native American tribes have fought for years for the expansion of gambling, citing their right as Federally recognized tribes and sovereign nations to do so, but they have failed. Only the Kickapoo Nation currently owns a casino in the Lone Star state. But the casino doesn’t have the traditional slot machine games and other Las Vegas-style table-games.

Because of limited gambling in Texas, residents are currently engaging in Illegal sports betting. Since there legal Texas sports betting doesn’t exist, they have been forced to turn to offshore or unofficial sports betting sites that don’t provide customer protection.

The Dallas News reported that Texans are spending $2.5B in out-of-states casinos. If legal texas sports betting is approved, Rep Hubert said that it could be worth several hundred million dollars of new revenue to the state without raising taxes.

LVS Continues to Push for Legal Casinos in Texas

Texas State Flag

Texas is known for its hardline stance towards the gambling industry. Lawmakers here have worked hard to ban virtually all traditional forms of gambling in the state. That could soon change, though. Las Vegas Sands is working hard to finally allow legal casinos in Texas.

Many are excited to see Texas make this change. There are still a huge number of questions that surround this entire situation, though. Today, we’ll talk about what LVS has planned in the Lone Star State.

Here’s what we know about this situation!

The Past Ten Months Have Been Tough for Las Vegas Sands

Most gambling fans have heard of Las Vegas Sands before. This company was founded decades ago by Sheldon Adelson. It has since grown into one of the most powerful gambling companies in the world.

Prior to 2020, this company was doing fantastic. LVS owns and operates casinos around the world. It’s major casino-resorts in Las Vegas and Macau were bringing in an incredible amount of money every single month. Then, in March of last year, all of the casinos around the US were ordered to shut down.

Places like Las Vegas saw their revenue figures immediately plummet. Casinos here remained closed for months and no one could accurately say when things would turn around. Finally, in June, the casinos in Las Vegas began to open back up.

Unfortunately, casino revenue from Las Vegas and Macau has been extremely low over the past twelve months. As a result, Las Vegas Sands began closing their biggest venues for certain times of the week. Company officials even claim they are interested in selling some of their biggest casino-resorts entirely.

To make things worse, CEO Sheldon Adelson passed away earlier this year. It was a huge blow for Las Vegas Sands and only intensified what has already been a difficult time. LVS is still pushing hard for recovery and has some big plans for the future.

That includes a break into Texas. This state is known for its tough gambling laws, yet LVS seems to feel it can make a change here.

Will We See Legal Casinos in Texas in the Next Few Years?

Despite the complications they’ve faced, US casino companies continue looking to expand. We’ve seen a large number of major casino deals take place over the past few months. Many of these companies are working hard to break into developing casino destinations.

That is certainly the case with Las Vegas Sands. This company has been doing everything it can to increase revenue right now. Lately, officials within LVS have been pushing hard to allow commercial casinos in the state of Texas.

Lawmakers in Texas haven’t embraced this idea. Here, not even tribal casinos are able to legally operate. Residents in this state often flock to nearby Oklahoma to play at the state’s many world-class casinos.

Las Vegas Sands is now arguing that legalizing casinos will help to keep money in the state of Texas. It should also help to bring in more visitors from around the country. Governor Greg Abboud now claims it should be up to state voters on whether or not to allow casinos.

“All that will happen in the Legislature this next session is for the state Legislature to put it on the ballot and to let voters decide,” Abboud said. “And then business leaders and community groups and the policymakers need to get involved in the process and make sure that this is done the right way.”

Anti-gambling groups are already pushing against the idea of legal casinos in Texas. There are some that feel it will result in an increase in crime and other societal issues. The state needs money right now, however, and casinos could be an effective way to generate revenue.

It’s an interesting time for the country’s gambling industry. We’ll offer more information on this situation over the next few months!

US Casino Revenue is Still Dropping Quickly

The events in 2020 had a devastating impact on the US casino industry. Never before have casinos around the country been forced to close down. Even today, this industry has a long way to go before it gets back to the revenue seen in 2019.

There was a time when it seemed as if US casino companies were bouncing back in a big way. Travel restrictions began to loosen during the summer months and more visitors started heading to casino hubs such as Las Vegas. As the colder winter months approached, however, this trend came to a complete halt.

We’re still beginning to see the effects that 2020’s fourth quarter had on casino companies. Over October, November, and December, Las Vegas Sands saw an incredible 67% drop in revenue. It’s a larger dip than many analysts predicted.

This company managed to bring in just $1.15 billion over Q4 of 2020. That’s down considerably from the $3.51 billion seen in 2019. It goes to show how difficult the times are even for the largest gaming operators in the country.

Other casino companies including Wynn Resorts and MGM Resorts are also seeing massive revenue drops. It’s unclear when exactly this trend will change. Perhaps Texas could help to turn things around for these companies. We’ll be sure to offer updates over the next couple of months.

Do you think we’ll see legal casinos in Texas anytime soon? Let us know in the comments section below.

Sheldon Adelson Wants to Bring Casinos to Texas in the Future

Sheldon Adelson

Texas is well-known for having some of the strictest gambling laws in the country. Very few forms of gambling are currently allowed here. Sheldon Adelson wants that to change. New reports claim the Las Vegas casino mogul is pushing hard to bring casinos to Texas in the future.

It’s great news for gambling fans in the Lone Star State. For years, Texans have been forced to visit neighboring states in order to play inside a casino. Now is the perfect time to talk about how Adelson could change this.

Let’s get into it!

Las Vegas Sands Mulls Major Casino Sales

Casino companies across the United States have seen massive revenue plummets throughout the year. That includes the biggest ones based in Las Vegas. Things have gotten progressively worse as the colder months began to approach.

Tourism into Las Vegas remains extremely low right now. As a result, many of the casinos in this city have been forced to temporarily shut down during certain days of the week. That includes The Palazzo, one of Las Vegas’ most popular venues.

The Palazzo is operated by Las Vegas Sands. The Sheldon Adelson-run company has been seeing particularly large drops in revenue from its venues in Las Vegas and Macau. Company officials have now been forced to consider drastic measures.

News recently surfaced that officials within LVS were considering selling several of their US casino-resorts. This is seen as an effective way to generate some much-needed revenue. Several analysts predicted that many companies would be interested in taking control of the sold venues.

Nothing has been made official yet. For now, Las Vegas Sands remains focused on cutting down on costs in other ways. We’ll need to wait and see if a major Las Vegas property sale is necessary sometime in early 2021.

Sheldon Adelson still has big plans for the future. News is coming out that he wants to bring major casinos to the state of Texas.

Looking at Sheldon Adelson’s Plans to Bring Casinos to Texas

Texas is one of the few states with laws that completely ban land-based casinos. It’s unusual, as most believe this could help to bring the state a massive amount of revenue every single month. Lawmakers, unfortunately, have been very reluctant to embrace the gambling industry in any way.

Las Vegas Sands CEO Sheldon Adelson wants to see this change. Reports claim that he has some major lobbying efforts planned for 2021. If he has his way, Texas will soon begin allowing major casino-resorts like the ones seen on the Las Vegas Strip.

Andy Abboud, Las Vegas Sands’ top lobbyist, claims Texas is one of the company’s primary focuses right now for expansion.

“We view Texas as a worldwide destination and one of the top potential markets in the entire world,” Abboud said. “Texas is considered the biggest plum still waiting to be out there in the history of hospitality and gaming. They [casinos] are job creators, they hire a lot of additional employees, they have tremendous purchasing power. But they are also tremendous generators of tax revenue.”

It’s hard to argue against that. Many states have recently chosen to allow land-based casino gambling. Most of these states have seen large increases in tax revenue as a result. Texas would be no different.

For now, most gambling fans make the trip to Oklahoma in order to play inside casinos. If Sheldon Adelson manages to bring casinos to Texas in the future, he could help to keep money in the state. We’ll continue offering updates on this situation over the next few months!

Online Casino Gambling Options Available in Texas Right Now

It’s been frustrating for many residents in Texas to see land-based casino legalization efforts fail. The state has a largely anti-gambling stance and it will take some major lobbying efforts to change this. That doesn’t mean it’s impossible to play casino games here, though.

Today, there are a huge number of fantastic online casinos in Texas. Most of these sites are safe and offer a massive range of games to their members. The popularity of these websites has exploded in recent months.

Bovada is one of the most-used casino websites in TX right now. It launched in 2011 and has grown to become one of the most trusted gaming platforms in the country. Bovada provides its members with slots, table games, and even live dealer games that make it feel as if you are playing inside of an actual casino!

Soon, Texas may choose to regulate and tax these websites. That is not the case right now, though. All of the internet casino gaming platforms in the state are based in other countries and do not offer the state any tax revenue.

Sheldon Adelson wants to take things even further. He’s hoping to get casinos in Texas in the future. Adelson is one of the most powerful figures in the gambling industry and has a real shot at finally getting Texas to change its ways.

Do you think Texas will eventually begin allowing online casinos? When do you expect this to happen? Let us know in the comments section below!

Texas Tribes Can Finally Offer Legal Gambling

Lawmakers in Texas have been battling with tribes over the right to operate casinos. For years now, two Texas tribes have fought for their right to operate small gambling venues. This week, the US House of Representatives passed a bill that allows the tribes to offer legal gambling.

Flag Of Texas

It’s great news for the tribes and gambling fans in the state. Now is the perfect time to look at how this decision to allow Texas casino was made. We’ll also talk about exactly what forms of gambling these tribes are now allowed to offer.

History of Texas Vs. Native American Tribes

Texas is the second-most populous states in the US. For inexplicable reasons, lawmakers here have taken a hardline stance on the gambling industry. For decades, virtually all forms of gambling including casino games and sports betting have been completely illegal here.

In 1989, the US Supreme Court passed the Indian Gambling Regulatory Act. It gave Native American Tribes the legal right to operate casinos on tribal land. Unfortunately, many states have pushed against this.

Texas is one of the most anti-gambling states in the country. State officials have worked to stop tribes from operating any casino establishments. The Ysleta Del Sur Pueblo and Alabama-Coushatta tribes fought back and opened their own gambling establishments despite Texas’ laws against it.

These tribes have been battling with Texas lawmakers in the courts for years. In January, Texas Representatives proposed the Fair Opportunity Settlement Act. This week, tribes in the state officially settled on the agreement.

Texas Tribes Can Now Operate Class II Casinos

Both of the aforementioned tribes currently operate land-based casinos in Texas. In 2016, the Alabama-Coushatta tribe opened a gambling venue in Livingston, Polk County. Lawmakers disagreed with the legality of this establishment. They’ve called for a $10,000 fine for each day it’s remained open, now amounting to more than $10 million.

The Tigua tribe opened a casino in El Paso back in 1993. Officials quickly shut this venue down. Now, the US Interior Department is claiming the state had no legal right to shut this popular gambling establishment down.

The US House of Representatives has officially passed the Fair Opportunity Settlement Act, giving tribes “overdue justice and fair treatment under law.” These two tribes now have free-reign to operate gambling venues. Strangely, these casinos have only been granted a Class II license.

This only allows the casinos to offer bingo games for money. Traditional casino games such as blackjack and slot machines are still banned. Nevertheless, these tribes are happy to see the state is finally allowing at least some forms of legal gambling.

Representative Will Hurd commented on the passing of this bill to the House floor this week.

“H.R. 759 is not about whether one agrees or disagrees with gambling. This bill isn’t about gambling. It’s about letting two tribes in two of Texas’ most economically distressed zones engage in what every other tribe in America engages in.”

Other Casino Gambling Options in Texas

Even with the passing of this bill, there are very limited land-based gambling options in this state. Fortunately, many amazing online casinos in Texas are now available. Most of these gambling sites offer a wide range of fun wagering options.

If you’re a slot fan, look for a gambling site offering hundreds of different slots. If you love playing table games, find a Texas casino site that provides you with popular games like blackjack and roulette! It’s that easy.

In recent years, live dealer games have grown extremely popular, too. These are casino games connected to a live video stream from a real-life dealer in a casino. It’s the best way to feel as if you’re really playing hands in a brick-and-mortar casino.

As you’d probably expect, more people are deciding to gamble online in Texas every year. Only two land-based gaming venues are now available here, both of which only offer bingo games. Check out some sites today and find one offering the games you want to play.

It’s great news to see Texas tribes win their fight to offer casino gambling. It’s very likely that within a few years, full-scale Class III casinos will be legalized here. Make sure to stay tuned for updates on this story over the next few months!