More Issues Arise With Chicago Casino Plans

For months, lawmakers in Illinois have discussed ways to effectively run a new casino in Chicago. It’s been difficult, as state officials are setting unusually high tax rates on this gambling venue. Recently, even more issues have come up with the Chicago casino plans.

Picture Of Slot Machines

It’s frustrating news for proponents of this new casino. Now is the perfect time to look at why exactly it’s so difficult to open this establishment.

Illinois Continues to Push for Casino Expansion

In the 1990s, lawmakers in Illinois approved plans to allow riverboat casinos. The state’s casino industry continued to grow over the years and officials have looked for new ways to generate revenue. Earlier this year, Governor JB Pritzker approved a new Capital Plan that allows for five new gambling venues to open around the state.

Pritzker believes that more revenue from the gambling industry will help to improve the state’s infrastructure. Several locations are now being considered for these new casinos.

One gambling venue has been approved to open in Chicago. It’s the first time ever that a casino has been officially greenlit to open in this major city. Exactly where in Chicago this casino will open is still unknown.

Gambling fans in this state have been eagerly awaiting the new casino in Chicago to open. Unfortunately, this venue is taking longer to open than initially expected. One of the main problems is the aforementioned tax rates that lawmakers have set on this future gambling venue.

The Chicago casino plans are hitting even more issues this month. Many believe that unless something changes, it will never be constructed.

More Problems With the Chicago Casino Plans

If all goes according to plan, Chicago will become the largest US city with a casino. Unfortunately, lawmakers are making things as difficult as possible. They’ve set an absurd 72% tax rate on this gambling venue.

Such as high tax rate makes it virtually impossible for this casino to generate any profit. As a result, many major US casino operators are choosing to stay away from this city. Several have already told the media they have no intention of operating a gambling venue in Chicago.

Lawmakers here recently had the opportunity to change the Chicago casino plans. Hope was that they would agree to lower the tax rate. This did not happen.

Officials here adjourned the fall session without making any changes. Lori Lightfoot, Chicago’s Mayor, claims she will address the issue again in January.

“With so much potential on the line, our city and state deserve to get this done and get this done right,” she said.

Several Chicago neighborhoods have also voiced their disapproval with these gambling venues. Some believe they will increase crime. Based on the way things are going, it will be years before any concrete Chicago casino plans are officially approved.

Competition Continues to Increase Around Illinois

It’s clear that lawmakers in Illinois want to generate more money from the gambling industry. This isn’t the only state with this idea, though. Many nearby states have also recently introduced legislation to expand their gambling markets.

Indiana is also taking measures to allow more casinos. The state’s governor recently approved plans to allow for two new land-based casinos to open.

Lawmakers in Wisconsin also have similar ideas. They’re currently working on plans to open a $405 million gambling venue in Beloit.

State officials continue to review the Chicago casino plans. Over the next year, the Illinois Gaming Board will review plans and applications.

Make sure to stay tuned for more Illinois casino news over the next few months!

Resorts World Catskills is Set for a Major Change

The casino scene in Upstate New York is one of the most competitive in the country. Many casinos are currently operating here, some of which are struggling to generate revenue. Resorts World Catskills now has new owners and is bracing for a major change. New York Sign

This casino-resort is having a tough time bringing in money. Hopefully, these changes to this establishment turn things around. Let’s look at what the owners are saying.

New York’s Casino Industry Continues to Expand

For many years, lawmakers in New York pushed against gambling expansion. The state’s officials event worked to ban common forms of gambling such as daily fantasy sports. Recently, however, things have taken a major turn.

In 2013, the state approved commercial casinos. Within just a couple of years, four different privately-owned gambling venues opened in this state.

New York has also recently begun to embrace sports betting. In July of 2019, the first legal sports bet was placed here inside the Rivers Casino in Schenectady. As of now, only land-based sports betting is allowed here. It’s likely that mobile sports betting will become available in New York in the near future.

Many of the casinos in Upstate New York have struggled to generate revenue. The increase in competition here seems to be making things worse. Resorts World Catskills was recently forced to declare bankruptcy and was officially sold to a company based in Malaysia.

This week, the owners of this gambling venue announced what’s coming here.

Resorts World Catskills Owner Announces “New Chapter”

It’s been a tough road for this casino. Initially, it was expected to become one of the hottest casinos in New York. Unfortunately, it’s having a very difficult time bringing in players to the casino floor.

As we just mentioned, this casino was recently sold to the Genting Group. Ryen Eller, president and CEO of Genting Americas, commented on future plans for this venue.

“This marks a new chapter for Resorts World Catskills and is the first step toward fulfilling the promise and potential of New York’s most prized integrated casino resort destination,” Eller said. “By leveraging Genting’s extensive market knowledge, coupled with unrivaled play, stay, and dine facilities, Resorts World Catskills is well-positioned to increase performance and generate significant revenue for the region and New York state.” 

With backing from Genting, hope is that this casino manages to start producing better results. Owners say they do not expect any layoffs. That’s great news for the nearly 1,000 individuals working in this establishment.

New York Looks for New Ways to Generate Money From Gambling Industry

Most of the US seems to be interested in embracing the gambling industry. With the ability to legalize sports betting, every state seems to be taking a closer look at its current gambling regulations. New York is one of the states most actively working to generate more money from its gambling market.

Nearby New Jersey is considered the gold standard for US sports betting operations. This state legalized sports gambling in mid-2018 and is now earning more revenue from this industry than Las Vegas. Lawmakers in New York want to see similar results.

The 2019/2020 NFL season seems to be helping things. Rivers Casino, in particular, has been benefiting massively from the football season. It experienced record-breaking revenue figures at the start of the season and continues to rack in money.

Casinos in New York need to work on new ways to attract players. One idea that’s being passed around is for these gambling venues to work together, rather than against each other.

Resorts World Catskills has new owners. Let’s see how this affects the gambling venue’s performance heading into 2020.

Stay tuned for updates over the next few months!

Lori Lightfoot Wants a Change to Illinois’ New Casino Plans

Lawmakers in Illinois are currently working to expand the state’s casino industry. Part of this plan is to allow a casino in Chicago. This week, Chicago Mayor Lori Lightfoot commented on Illinois’ new casino plans.

Lori Lightfoot At Press Conference

There are questions surrounding tax rates for this Chicago casino. State officials are busy working on ways to attract casino operators while keeping things profitable for the state. Here’s what’s going on right now.

The New Capital Plan in Illinois, Explained

Illinois hasn’t always been thought of as a gambling-friendly state. In recent years, however, lawmakers here have recognized the major revenue potential from this industry. In June, Illinois Governor JB Pritzker signed the state’s new capital plan, calling it “the most comprehensive reconstruction effort in this state’s history.”

This new plan is aimed at improving Illinois’ infrastructure. It allows for five new casinos to be constructed around the state. One of these casinos will open in Chicago. It’s the first legal gambling venue to ever open in the Windy City.

$45 billion is being invested in the state’s capital plan. Hope is that revenue from casinos here can help to reconstruct roads, bridges, and schools. Gambling fans around the state are eagerly awaiting these new casinos to open.

Unfortunately, some of the country’s top gambling companies aren’t interested in operating this Chicago casino. Many claim that the tax rates being set on the gambling venue making it impossible to gain a profit.

Lori Lightfoot has been working to revamp Illinois’ new casino plans. This week, she officially presented her pitch to rewrite legislation for the casino in Chicago.

Chicago Mayor Wants Changes to Illinois’ New Casino Plans

At first, the news of a casino being approved in Chicago was exciting. More than 2.7 million people live in this city, many of whom claim to gamble on a regular basis. Unfortunately, issues have already come up with regard to this new gambling establishment.

This week, Lori Lightfoot made an official pitch to state lawmakers to rewrite legislation surrounding Illinois’ new casino plans. The mayor presented her new ideas for this gaming bill. She claims that the current 72% tax rate set on the Chicago casino would make it impossible to attract investors.

“We feel like things are moving forward in a positive direction but we’ve got to get the language finalized and get it to the respective chambers so that legislators can see what the outlines of the legislation look like,” the mayor said. 

Governor Pritzker seems optimistic that Lightfoot’s plans can be approved before the fall veto session wraps up.

“It’s good for the city, it’s good for the state, so we will be working very hard to try to get something through,” Pritzker said. “There is still some negotiation discussion going on, but I am hopeful that over the next three days we will be able to get it through.”

We’ll need to wait and see how lawmakers feel about the mayor’s new plans. Hopefully, they can come to an agreement and US casino companies can begin getting excited about opening a venue in Chicago.

Illinois Will Soon Have Sports Betting Options Available

It’s clear that officials in this state are trying their best to capitalize on the gambling industry. Illinois’ new casino plans are currently being worked on, and sports betting options are just around the corner. This is all thanks to the US Supreme Court striking down PASPA in May of 2018.

With PASPA now gone, every state can set its own laws on the sports betting industry. Lawmakers in Illinois officially approved a sports gambling bill in June of 2019. Soon, both online and in-person sports betting will be available here.

Illinois will likely have one of the most lucrative sports betting markets in the country. This state is home to several major sports teams including the Chicago Bears, Chicago White Sox, and the Chicago Blackhawks.

It’s unclear exactly when the state’s regulated sports betting industry will open up. Lawmakers here are still working to grant licenses to sports gambling operators.

Do you think Illinois’ new casino plans will be effective at generating revenue? Should tax rates be lowered for the casino in Chicago? Let us know what you think in the comments section below!

Casino Leasebacks Could Become the Next Big Thing in Las Vegas

  • MGM Resorts sold and is leasing back the Bellagio Hotel & Casino.
  • More Las Vegas casino leasebacks could be on the horizon.
  • Eldorado Resorts is interested in selling property, too.

Not long ago, MGM Resorts sold The Bellagio to the Blackstone Group. Under the terms of this sale, the hotel-casino will be leased back to MGM Resorts, which will continue to operate the venue. Many analysts now believe that casino leasebacks could become the next big thing in Las Vegas.

Bellagio Las Vegas Hotel Casino

This move allows MGM Resorts to begin investing more money into property overseas. More companies likely recognize this and will choose to do the same. Let’s look at what this means for the future of Las Vegas.

MGM Resorts’ Sale of the Bellagio, Explained

MGM Resorts International is one of the biggest and most profitable casino companies in the world. It owns and operates many hotel-casinos in Las Vegas including the Mirage, MGM Grand, and Mandalay Bay. Recently, company officials revealed plans to sell some of the biggest venues in Las Vegas.

Eventually, news broke that MGM sold Circus Circus Hotel & Casino. The venue was purchased by Phil Ruffin, who owns several major properties in Las Vegas already. Reports indicate that Circus Circus was purchased for $825 million.

Immediately after selling Circus Circus, MGM Resorts announced that it sold the Bellagio Hotel & Casino, as well. The Bellagio is considered one of the most prestigious venues on the Strip. The Blackstone Group bought this property for an astounding $4.2 billion.

Not long after the sale was announced, details emerged that showed it would be leased back to MGM Resorts for $245 million a year. MGM Resorts will continue to operate the hotel-casino, as well.

These casino leasebacks could start becoming more common. Analysts predict more could be on the way.

Analysts Predict More Las Vegas Casino Leasebacks in the Future

Property values are continuing to rise in Las Vegas. Interestingly, more of the hotel-casinos here are owned by just a few companies. Many of these companies are now pushing to open new gambling venues overseas.

Japan, in particular, is an extremely desirable location for many casino companies. Only three casino licenses are set to be handed out here. Recent reports claim Japan could become the world’s third-largest casino market over the next few years.

Casino leasebacks could be the best way to generate revenue for these overseas investments. John DeCree, a gambling analyst for Union Gaming, believes this will soon become common in the city.

“It’s definitely a trend in the market,” he said. “As real estate investors are learning the casino industry, they’re realizing it’s a viable and stable real estate investment.”

Some companies are now claiming to be interested in this strategy.

Eldorado Resorts Likely to Sell Las Vegas Property in 2020

Earlier this year, Eldorado Resorts announced that it was acquiring Caesars Entertainment for more than $17 billion. It’s the largest merger between two casino companies in history. Eldorado Resorts is now looking at new ways to generate revenue to make up for the huge price of the acquisition.

Tom Reeg, CEO of Eldorado Resorts, said in a conference call on Wednesday that he’s interested in new real estate deals after the merger with Caesars is officially complete.

“Caesars has a lot of excess real estate both in and out of Las Vegas that could be used for future development, both for ourselves or in a partnership,” he said. “There’s lots and lots of entities that would like to get close to or on the Vegas Strip.”

Exactly which properties could be sold is unknown. It’s likely that these venues would be sold as casino leasebacks, similar to what MGM is currently doing.

It’s an exciting time in Las Vegas. More companies are now being given the opportunity to own property in this city.

More casino leasebacks could be coming soon. Stay tuned for more updates over the next few months!

MGM Springfield Could Soon Go For Sale

MGM Resorts International is having a busy year. In order to generate more revenue for expansion overseas, this company is working to sell some of its major properties. This week, officials within the company announced they were interested in selling the MGM Springfield.

MGM Springfield Casino

This Massachusetts hotel-casino has struggled to perform over the past year. It’s disappointing news for MGM, which has invested major resources into this venue. Today, we’re going to look at why exactly this casino could soon go up for sale.

MGM Resorts International Continues to Sell Property

MGM Resorts is one of the biggest and most profitable casino companies in the world. It owns a huge number of gambling venues around the world, including many in Las Vegas. Some of these MGM-owned properties are located on the Strip including the MGM Grand, Mandalay Bay Hotel & Casino, and The Mirage.

This company is undergoing a major transition right now. Recently, MGM revealed that it was working on selling many of its biggest properties. The idea is to sell properties and invest the money towards expansion throughout the US and abroad.

Just last month, MGM Resorts International announced that it sold Circus Circus Hotel & Casino. This venue was purchased by Phil Ruffin, owner of Treasure Island in Las Vegas. It’s unclear exactly what Ruffin plans to do with his new hotel-casino.

To the surprise of many, MGM Resorts International also sold the world-famous Bellagio Casino-Resort last month. It went to the Blackstone Group for an astounding $4.2 billion, making it the largest property sale in Las Vegas history.

Jim Murren, CEO of MGM Resorts International, recently told the media that additional property sales are likely to take place in the future.

Company Officials Are Now Interested in Selling MGM Springfield

Massachusetts has always been considered a lucrative casino market. Until fairly recently, however, no commercial gambling venues were able to operate here. This is no longer the case and today there are several popular privately owned casinos in Massachusetts.

MGM Springfield opened its doors back in August of 2018. At the time, it was the biggest and most impressive gambling establishment in the state. MGM Resorts International invested nearly $1 billion to open this casino in hopes of dominating the New England gambling market.

For a while, it was successful. MGM Springfield drew in thousands of visitors every month and revenue continued to increase. Recently, however, things have been going downhill for this casino.

In June, Wynn Resorts finally opened its own Massachusetts-based casino, called the Encore Boston Harbor. As the name suggests, this venue is located near Boston and immediately gained tremendous success. It’s so successful, in fact, that it’s captured a significant portion of the Massachusetts gambling market.

MGM Springfield’s revenue has continued to drop since the Encore Boston Harbor opened its doors. Officials are now interested in selling this property.

One plan that’s being discussed is selling the venue and then leasing it back. It’s the same strategy that MGM is using for the Bellagio. Some are skeptical that this plan will work in Massachusetts.

Officials Remain Skeptical of MGM’s Massachusetts Casino Sale

Selling a billion-dollar gambling venue doesn’t come easy. Recently, several politicians in Massachusetts voiced their skepticism over the sale of MGM Springfield. Domenic J. Sarno, Mayor of Springfield, spoke on this issue to the media this week.

“(The city has a) very strong Host Community Agreement with MGM and we will certainly hold MGM to this legally binding agreement,” he said. “Part of this mandates the city and the Massachusetts Gaming Commission must approve any and all adjustments to said agreement.” 

Others believe that a sale could be completed, yet the lease-back process that MGM is looking for might be more difficult.

It’s clear that MGM Resorts is bleeding cash from this venue. State officials recognize this, as well. Hopefully, they’re able to come to an agreement on how to best proceed next.

Stay tuned for more news on MGM Springfield over the next few months!

Voters Scheduled to Decide on New Casino in Terre Haute

Lawmakers in Indiana have been taking a closer look at the state’s current casino regulations. This week, voters in the state will decide on whether or not to allow a new casino in Terre Haute. Gambling fans here maintain that a casino will help to generate more revenue for the state and bring additional jobs to Terre Haute.

Terre Haute Indiana City Hall

It’s an exciting time in the state. Voters here are also deciding on who will fill dozens of mayoral offices throughout Indiana. Let’s look at everything that’s going on here.

Indiana Has Been Looking at Casino Expansion for Months

Officials in Indiana have been interested in opening new casinos for almost all of 2019. Back in February, lawmakers here first approved a bill to expand the state’s gambling industry. Senate Bill 552 quickly moved through the state’s legislative process with support from many residents and politicians.

Under this bill, a casino license can be granted in Terre Haute. Several companies have already expressed interest in opening a gambling venue here. Before this can happen, however, voters here will need to officially approve these plans.

Vigo County voters will decide whether or not to allow construction on a new casino in Terre Haute. If approved, this will become the 14th casino to open in the state of Indiana.

As we’ve already mentioned, two companies have expressed an interest in opening a casino here. Both companies are pledging to invest millions of dollars into this area.

It seems likely that these plans will be approved.

Pros and Cons of a New Casino in Terre Haute

A huge number of individuals have been actively promoting this new casino. Even state officials have been praising the benefits that this gambling will offer. Duke Bennett, mayor of Terre Haute, has been fighting hard for this casino to get approved.

“It’s always been about the economic development opportunity for me,” he said. “I did all I could to help bring that opportunity to the community… One of the most important parts of [the legislation] for me was the referendum language. We fought to keep that in there because I’ve felt it extremely important that the people of Vigo County decide whether they wanted a casino or not.”

According to Bennet, this new casino will help to bring more revenue to the state, add more jobs in Terre Haute, and bring in more tourism.

“When you look at the economic impact of not only the construction but also the jobs it will create and the revenue it will create for the city, we’re talking about near $10 million,” Bennett said. 

Of course, some residents here are concerned about the negative impact that a casino could have. Some believe it will lead to a rise in crime and gambling addiction.

We’ll need to wait and see how Vigo County voters decide on the new casino in Terre Haute.

Online Casino Gambling is Growing More Popular in Indiana

Indiana is home to many fantastic land-based gambling venues. Soon, even more of these establishments could open up. Unsurprisingly, more and more individuals here choosing to make their bets online.

There are a huge number of fantastic online casinos in IN right now. Most of them offer even more gambling options than the top land-based casino venues in the country. You can find many different table games and slots available online right now.

Most of these sites are extremely safe, as well. Word spreads fast in the online gambling market. Any sites caught doing anything shady are quickly blacklisted.

Online casinos remain unregulated in Indiana. Many believe that in time, the state government will begin to regulate and tax these sites. Doing so would likely earn the government millions in additional revenue every single month.

Very soon, we’ll know whether or not the new casino in Terre Haute will be approved. Stay tuned for more updates this week!

Atlantic City’s Ocean Casino is Making a Serious Comeback

Atlantic City is now considered one of the premier destinations in the United States. For years, Ocean Casino has been considered one of the worst gambling venues in the city. Recently, however, this hotel-casino has been posting some impressive revenue figures.

View Over Atlantic City

Owners of this venue are insisting that they’re not going anywhere. Today, we’re going to take a quick look into Ocean Casino’s recent revenue surge. Let’s get into it!

Atlantic City Continues to Bring in Major Revenue

About a year ago, Atlantic City was struggling to bring in any visitors. The recession had taken a major toll on this city and many of the top casinos here were forced to close down. Some felt that the city’s gambling industry was permanently destroyed.

Fortunately, this was not the case. Over the past decade, this city has slowly recovered. There are now many casinos here, most of which are bringing in massive revenue figures every single month. Some attribute this recovery to the city’s legalization of sports betting.

New Jersey was instrumental in getting PASPA struck down. It was the first state aside from Nevada to make sports betting legal. This form of gambling has become extremely popular here and attracts many visitors from states such as New York and Massachusetts.

For almost all of 2019, gambling revenue has increased in this city. Some of these casinos have managed to stand out from the rest of the pack. The Borgata Hotel & Casino, in particular, brings in millions more than any other gambling venue every single month.

Ocean Casino is consistently one of the lowest-earnings gambling venues in Atlantic City. Recently, it’s begun to make a comeback.

Ocean Casino Beings to Generate More Revenue

As we just mentioned, Ocean Casino is one of Atlantic City’s poorest-performing gambling venues. Almost every single month, this hotel-casino makes less than all others in the city. Over the past three months, however, it’s experienced a surge in gambling revenue. Owners are claiming that it’s a trend that will continue.

This establishment has seen double-digit revenue increases in July, August, and September. It appears that October’s revenue increased massively as well. Some are beginning to wonder if this venue will become one of Atlantic City’s next major casino resorts.

Mike Donovan, senior vice president and chief marketing officer of Ocean Casino, commented on these revenue figures to the media this week.

“If you look at our numbers, they speak for themselves,” he said. “We’re going to keep doing what we’re doing and build on the success that we’ve had this year. Ocean is going to be here for a long time.”

It’s amazing news for owners of this casino. There’s a lot to be excited about.

This year, Atlantic City and Las Vegas have been competing over sports betting revenue. How’s this battle playing out?

Atlantic City Now Considered Sports Betting Capital of the US

Sports betting has been legal in New Jersey for more than a year. Today, every casino in this state offers sports betting odds. These casinos also operate online casinos which help to generate a huge amount of money every single month.

This summer, New Jersey surpassed Las Vegas’ sports betting revenue. It was a historic moment, leading many to wonder what the future of the US gambling industry would look like.

Some of the top gambling analysts in the country now believe Atlantic City to be the US sports betting capital. That’s tough to argue against, as revenue here continues to increase almost every single month. Even Ocean Casino is generating serious money from its sports gambling operations.

Hope is that sports betting helps to keep Ocean Casino’s operations up and running. It’s a fantastic casino and one that’s working hard to compete with the city’s big dogs.

Stay tuned for more Atlantic City gambling news over the next few weeks!

Hard Rock Sacramento is Now Open to the Public

Hard Rock International is having an extremely busy year. This major US casino company has been expanding across the US, opening venues in several new states. The Hard Rock Sacramento Hotel & Casino is now open and from what we’re heading, it’s a major hit with locals.

Hard Rock Casino Logo

California is no stranger to casinos. Hope is that this new venue helps to capture the Sacramento market. Let’s look at what this exciting new gambling establishment has to offer.

California Continues to Expand its Casino Industry

California isn’t necessarily thought of as a US gambling hub. That’s a little surprising, considering the massive number of gambling venues here. Since the 90s, Native American tribes in this state have been opening casinos in California.

This is thanks to the Indian Gaming Regulatory Act, which was passed by the US Supreme Court in 1988. This set of laws allows tribes to operate brick-and-mortar casinos on sovereign land. Today, more than half of all the tribes in this state now own and operate gambling establishments.

There are a huge number of casinos now spread around the entire state. Amazingly, tribes are continuing to construct and open new venues. These casinos help to generate massive revenue earnings for the state government. Many great online casinos in CA are available here, as well, yet none of them are regulated by the state.

California is also showing some interest in the newly-emerging sports betting industry. Since May of 2018, every state has been granted the option to legalize sports betting. Many believe that in time, this form of gambling will be allowed in the Golden State.

This week, one of the biggest and most profitable casino companies in the country opened a new casino in Northern California.

Hard Rock Sacramento Finally Opens to the Public

As we’ve already mentioned, officials within Hard Rock International has been working hard this year. For months, this company has been preparing to open a new gambling venue in Wheatland, in the Sacramento area of the state. Construction has finally concluded and the Hard Rock Sacramento venue is now open to the public.

According to multiple reports, this $450 million casino is already proving to be successful. It features several four-star restaurants, multiple bars, and 100 pieces of museum-quality rock and roll collectibles.

As of now, Hard Rock Sacramento offers its guests 1,500 slot machines, 57 table games, and a host of other fun gambling options. There’s also a massive entertainment venue now open here with major acts such as Def Leppard set to perform this week.

With more than 40 casinos in the area, this casino will have its work cut out. Competition in the California tribal casino market is extremely strong. It’s clear, however, that Hard Rock International feels this will be one of the most popular gambling venues in the state.

“People know the brand and we really think that will allow us to grow the market, bring people in from all over the region and bring people on from the western part of the United States,” said President of Hard Rock Hotel & Casino Sacramento Mark Birtha. 

Hard Rock International Pushes for Overseas Expansion

Today, many of the biggest US casino companies are pushing hard to open venues overseas. Asia, in particular, is becoming a hotbed for casino gambling. Soon, Japan and the Philippines could be considered some of the biggest casino markets in the world.

Hard Rock International is now working hard to open a gambling venue in Japan. Officials within the company claim they’d like to open a venue in either Okaka or Yokohama. Only three casino licenses are being handed out in this country.

The Las Vegas Strip is also starting to look more appealing to Hard Rock International. Jim Allen, CEO of the company, told the media that purchasing a property on the Strip is “certainly a possibility.”

For now, however, the company is content to keep opening venues in other parts of the country. Hard Rock Sacramento is up and running and many seem to be flocking here.

Stay tuned for more US casino news over the next few weeks!

NV Gaming Board Wants to Ban Steve Wynn From Casino Industry

One of the most powerful individuals in the casino industry is in hot water. For months, Steve Wynn has been at the center of several sexual misconduct lawsuits. Now, the Nevada Gaming Board is filing a complaint to permanently ban Mr. Wynn from the casino industry.

Steve Wynn

Things are not looking good for Wynn and his former company right now. Today, we’re going to take a quick look at the allegations against the casino mogul. We’ll also look at some of Wynn Resorts’ upcoming expansion plans. Let’s get started!

The Growth of Wynn Resorts Over the Years

Steve Wynn has been a major player in Las Vegas for years. His first real break came in 2000 when he sold Mirage Resorts to MGM Grand. That same year, Wynn purchased the Desert Inn for $270 million.

Soon, he partnered with Japanese billionaire Kazuo Okada and took control of nearly half of the Universal Entertainment Corporation’s stock. In 2002, the company hired Ronald Kramer as President and Director to help take the company public.

Wynn Resorts had its IPO in October of 2002 and by 2005, the company purchased its first major project, Wynn Resorts. It also quickly expanded into Macau with the opening of Wynn Macau. Over the past decade, Wynn Resorts has grown to become one of the biggest and most lucrative casino companies in the world.

Not long ago, Wynn Las Vegas was named the best casino in the country. This company now owns a huge number of casino-resorts all around the world.

Unfortunately, Steve Wynn is being accused of sexual misconduct. The allegations are serious enough for Nevada’s Gaming Board to take action.

Allegations Against Steve Wynn, Explained

Back in 2018, the Wall Street Journal published an investigative report that details Steve Wynn’s decades of sexual misconduct. According to the report, Wynn used his status atop the casino industry to pressure his employees into different, inappropriate situations.

Some of the women detailed in the report even claimed to hide in bathrooms and schedule fake appointments in order to avoid the CEO. Mr. Wynn quickly denied the allegations by stating, “The idea that I ever assaulted any woman is preposterous.” 

Wynn Resorts board members quickly got together to investigate the allegations. The board claimed it was “deeply committed to ensuring the safety and well-being of all of the company’s employees and to operating with the highest ethical standards.” 

In February, Wynn stepped down as CEO of Wynn Resorts. He also sold his stock in the company and seemed to disappear from the public spotlight.

Since early 2018, more allegations have come to light. In early October, Steve Wynn was named in two sexual harassment cases in less than one week. Reports are also surfacing that officials within Wynn Resorts, as well as Mr. Wynn himself, pressured several women to avoid talking with the media about their claims.

The former CEO is continuing to deny all of the allegations being thrown his way. It doesn’t seem to be convincing Nevada officials, though.

Nevada Officials Want to Ban Wynn From Gambling Industry

This week, the NV Gaming Board has officially filed a five-count complaint against Steve Wynn. The gambling board claims that the allegations of sexual misconduct violate state licensing suitability regulations. This complaint, if approved, would prohibit Steve Wynn from ever being licensed to operate a casino in the state again.

Mr. Wynn has not yet responded to the complaint. According to numerous reports, he is currently living in Florida.

There are several lawsuits that involve the former casino mogul. Wynn Resorts is also continuing to be hit with these legal charges.

This week, officials in the company announced that they are no longer interested in opening a casino-resort in Osaka. The company now seems determined to open one of these new gambling venues in the city of Yokohama.

There’s a lot going on with this company. It’s unclear exactly how these lawsuits will affect Wynn Resorts’ day to day operations. Stay tuned for more updates over the next few months!

Worker Still Missing Inside New Orleans Hard Rock Rubble

On Saturday night, a building under construction at the Hard Rock Hotel & Casino in New Orleans collapsed. More than 20 people were initially thought to be injured. Now, reports are surfacing that workers are still missing inside the New Orleans Hard Rock collapse.

New Orleans Hard Rock Collapse

It’s terrible news to hear about those injured or killed in this accident. Today, we’re going to talk about Louisiana’s laws on casino gambling. We’ll also look at how this accident happened and who it’s affected. Let’s get started!

Casino Gambling Laws in Louisiana

The state of Louisiana has had a love/hate relationship with the gambling industry over the years. The first legal gambling options became available here more than 200 years ago. Since that time, lawmakers have banned and relegalized various forms of gambling that can now be enjoyed here today.

Louisiana’s first real regulated gambling option was the state lottery that appeared in the 1860s. Unfortunately, it didn’t take long for lottery officials to fall into corruption and soon politicians here recognized that something needed to change. By the late 1800s, this lottery was officially banned.

After the lottery was outlawed, the only real form of gambling here was pari-mutuel wagering on horse races. New Orleans has kept its horse racing tradition alive. Today, there are a huge number of “racinos,” which offer horse racing odds and certain casino games.

There are also a huge number of land-based casinos and poker rooms spread around the state. The majority of casinos here are located on riverboats. Some can now be found on land, as well.

Unfortunately, Louisiana still has a tough stance on online gambling. Lawmakers here have made it clear that all forms of wagering over the internet are banned. The state has only shown an interest in targeting online gambling companies and many individuals choose to play through LA casino sites anyways.

New Orleans Hard Rock Collapse Kills Two, Injures Dozens

One of the most popular gambling venues in Louisiana is the Hard Rock Hotel & Casino in New Orleans. This casino has gained a fantastic reputation amongst gamblers thanks to its massive range of gaming options and great amenities. This week, one of the buildings that were under construction in this hotel collapsed.

It was unclear at first how many were injured in the New Orleans Hard Rock collapse. Initial reports claimed that around 15 had been hurt. LaToya Cantrell, Mayor of New Orleans, was one of the first officials to confirm that two individuals had been killed.

“We can confirm we have lost two people, a third has not been found just yet so we don’t know. We have not been able to identify the three individuals,” she told the media. 

It’s now being confirmed that more than 20 people have been injured. One of the individuals killed has been identified, as well. You can check out the dramatic footage of this collapse below.

 

Officials on the scene are confirming that one worker is still missing inside the New Orleans Hard Rock collapse.

Search for Missing Worker Continues

It’s still not clear exactly how this building collapsed. We may not know for weeks exactly what happened. Right now, fire departments in New Orleans and the building’s construction firm are working to make the area safe for search crews.

Tim McConnell, Fire Chief of the city, is trying to stabilize the collapsed building. He’s considering utilizing a massive crane to prevent tumbling.

“We have someone we have not located and can’t get to where we think they might be,” McConnell said. “Our goal here is to continue making the scene safe so we can continue getting into this building deeper and deeper for rescue purposes.”

Citadel Builders LLC, the construction firm for this project, is flying out individuals from Europe to help crews remove debris and search for more victims. It’s been confirmed that one worker is still in the wreckage. Whether or not he’s alive is unknown.

The structure is still very unstable. We’ll need to wait for updates on the search over the next 24 hours. Stay tuned for more information!