More Casinos Push Against Allowing Online Gambling in Nevada

Online Gambling in Nevada

Nevada is home to more casinos than anywhere else in the United States. Recently, many of these casinos have pushed against a controversial new plan being discussed in the state. Now is the perfect time to talk about why these casinos do not want to see legal online gambling in Nevada become available.

Lawmakers seem very interested to expand the number of gaming options available in this state. That could come at the expense of land-based casinos.

Here’s what you need to know!

Lawmakers Continue Looking into Allowing Online Gambling in Nevada

The state of Nevada has been the country’s largest gambling hub since the 1950s. It’s here that many of the most expensive casino-resorts on the planet are located. Last year, these casinos were shut down for months at a time and gambling revenue in the state plummeted.

This seemed to have inspired officials in the state to look into alternative sources of revenue. The Nevada Gaming Control Board will soon meet to discuss whether or not to allow online gambling here. A huge number of gambling fans have supported this move, particularly those not located near any casinos.

Places like New Jersey and Pennsylvania already allow all forms of online gambling. These states bring in a massive amount of tax revenue, as a result. Officials in Nevada now seem to want a piece of that action, as well.

Nevada’s Control Board has not announced when exactly this meeting will take place. It was originally scheduled for May, yet was pushed back indefinitely. It seems likely that this discussion will take place before the end of the year. It seems that not everyone is excited to hear about this meeting.

Major Casino Companies Push Against NV’s Online Gambling Plans

Many gaming analysts have been surprised to see Nevada pushing to allow online gambling. It’s here that many of the most popular casino-resorts are located. These companies have long argued that Nevada does not need internet gambling options.

This week, 28 executives representing 26 different gaming companies all signed a letter pushing against online gambling in Nevada. These officials, including Frank Fertitta III, Michael Gaughen, and Kenny Epstein, believe that this will end up hurting their business. Online gambling will make less interested in visiting local casinos, they argue.

“Reduced jobs in physical gaming locations will hinder the enormous efforts the gaming industry and Nevada are making to recover from the pandemic and hurt the long-term economic growth of our state,” the letter claims.

Many of the top gaming executives in Nevada think these plans need to be second thought. Of course, the decision ultimately comes down to the NV Gaming Board. If this state government body wants online gambling, it will ultimately become available. Stay tuned for updates on this situation over the next few weeks!

Tourism Rates in Las Vegas are Still Increasing

Las Vegas has been the country’s biggest gambling hub for many years. This city has recovered massively from the events of 2020. The casinos here have been reporting massive increases in their tourism and gaming revenue figures over the past eight months.

Fortunately, this trend is continuing. Reports surfaced recently that showed that NV’s gaming revenue surpassed the $1 billion mark for the fourth-straight month last July. It’s clear that people across the country still want to visit and have fun in Sin City.

If things stay on track, this will be the most successful year in history for Las Vegas’ casino industry. Some fear that the rapidly spreading Delta variant could upend those plans. For now, it does not appear to be taking a major toll on tourism.

Do you expect to see online gambling in Nevada anytime soon? Is this fair for the land-based casino operators here? Let us know in the comments section below!

Casino Companies Gear Up for Atlantic City’s 2020 Gaming Conference

Atlantic City is home to some of the most popular gambling venues in the country. For years, companies have discussed ways to improve their industry at the annual gaming conference here. Atlantic City’s 2020 gaming conference is shaping up to be a great one, with several major executives already scheduled to attend.Gaming Convention Event

This is one of the biggest annual gambling conferences in the country. This year’s event should be one of the best in recent memory. Now is the perfect time to look ahead at what the East Coast Gaming Conference will have to offer in 2020.

Gambling Revenue Continues to Increase in Atlantic City

We’ve reported on the revenue growth in Atlantic City for more than a year. About a decade ago, this city was on the brink of collapse. The recession took a major toll on the businesses here, causing many casinos to permanently shut their doors.

Things have completely turned around. Now, Atlantic City is one of the most profitable gambling markets in the country. Part of the reason for this is the legalization of sports betting.

New Jersey was one of the first states to approve sports betting legislation after PASPA was removed in May of 2018. This resulted in a huge increase in tourism to Atlantic City. Many bettors would even cross into New Jersey just to make a sports wager online.

Gambling revenue here increased for almost every single month last year. Both casino gambling and sports betting continue to bring in money. There are no signs of this slowing down anytime soon.

Every year, Atlantic City hosts a major conference called the East Coast Gaming Conference. It draws in some of the country’s top industry leaders. This year’s event should be one of the best to date.

Atlantic City’s 2020 Gaming Conference is Coming Together

Many gambling companies claim that the East Coast Gaming Conference in Atlantic City is the best in the country. It brings together a huge number of leaders in sports betting and casino gambling to discuss the future of their industries. The networking options alone bring in hundreds of individuals every single year.

Some of the most powerful casino executives in the world are now scheduled to appear at Atlantic City’s 2020 gaming conference. Guests will get to hear some of the new developments directly from these company officials. Here are some of the names scheduled to appear this year.

  • Jim Allen, chairman of Hard Rock International and CEO of Seminole Gaming.
  • Thomas Reeg, CEO of Eldorado Resorts.
  • Mario Kontomerkos, CEO of Mohegan Gaming & Entertainment.
  • David Cordish, CEO of The Cordish Companies.
  • Greg Carlin, CEO of Rush Street Gaming.
  • Jay Dorris, president and CEO of Wind Creek Casino and Hotel.
  • Holly Gagnon, CEO of Seneca Gaming.
  • George Papanier, president and CEO of Twin River Worldwide Holdings.

Phil Murphy, governor of New Jersey, is also scheduled to attend this event for the third straight year. The 24th event is expected to be one of the biggest ever.

The US gambling industry is changing at a rapid pace. Those wishing to learn more about the future of the industry should check this event out. Feel free to check out some of the amazing Atlantic City casinos while you’re there!