Colorado’s Sports Betting Industry is Already Surging

On May 1st, 2020, Colorado became the 18th state to launch its regulated sports betting industry. It’s becoming clear that this was a great move by “The Centennial State.” According to new reports, Colorado’s sports betting industry continues to bring in huge amounts of revenue.Colorado Flag Picture

Sports betting is growing more popular around the country every month. More states are now beginning to take a look at legalizing and regulating this industry. Today, we’re going to check out exactly how much money the sports betting platforms in Colorado managed to bring in last month.

Online Sports Betting is More Popular Than Ever Before

Since March, the entire US gambling industry has been shifting online. Land-based casinos around the county had shut down and more gambling fans began to realize how easy and fun it was to make their wagers online. In many parts of the country, online sports betting is now regulated and taxed.

It’s clear that online gambling is here to stay. Revenue from the industry has been increasing steadily for months. The American Gaming Association recently released a report showing exactly how much money the regulated internet casino and poker industry is generating right now.

According to this report, these casino and poker platforms have already generated $402 million in 2020. That represents a 300% increase when compared to 2019. Incredibly, only a few states currently regulate their online casino industries.

Almost every state has seen its online sports betting revenue increase in 2020. That doesn’t necessarily mean everything is going well, though. Land-based revenue across the country is down considerably. Things are beginning to improve in cities like Las Vegas, yet revenue remains significantly lower than it was last year.

It’s an interesting dilemma for gambling companies around the United States. Many are now focusing more on improving their online gaming operations. State leaders are also beginning to take a closer look at the regulation of this industry.

New reports are now showing how much the sports betting industry over in Colorado is generating.

Here’s an Update on Colorado’s Sports Betting Industry

Lawmakers in Colorado have been interested in legalizing sports betting since PASPA was struck down back in mid-2018. In late 2019, a sports betting bill was finally approved by the House and Senate. Voters approved the bills a short time later. On May 1st, the first state-regulated sports betting platform went live here.

Since that time, this industry has grown immensely. Colorado’s sports betting industry has generated more revenue with each passing month. That’s true once again in July, according to the Colorado Division of Gaming.

The state’s sports platforms generated an incredible $59,183,619.73 in July. That’s a staggering 55% increase from June. As some analysts are pointing out, that includes revenue from the newly-opened brick-and-mortar sportsbooks.

Dustin Gouker, a gaming analyst based in Colorado, gave an optimistic take on the state’s sports gambling market.

“It only took a few days of basketball and baseball games in July to show the demand that is out there in Colorado for sports betting,” Gouker said.  “In just three months, Colorado has established itself as the fifth-largest sports betting market in the U.S, and the number of sportsbook operators in the state is growing rapidly. And with a robust August schedule that includes playoff runs by the Denver Nuggets and Colorado Avalanche, the short-term outlook for the state is excellent.”

There are now eight land-based sportsbooks based in Colorado. 10 different online sportsbooks are operating here, as well. To the surprise of many, baseball, soccer, and table tennis were the most popular sports wagered on in July.

Casinos in Colorado Struggle to Get Back on Track

Colorado is home to a huge number of fantastic casinos. The state legalized Class III casino gambling back in 1991 and now draws in large numbers of gambling fans from nearby states. The vast majority of gaming venues here are located in just three cities.

In March, all the casinos here were forced to close down. It was devastating for the cities that rely on these properties for tourism and employment. By early June, state leaders gave the green light for the casinos to open their doors again.

These properties are now struggling to attract players. Most are now fully operational again, albeit with major safety regulations set in place.

Lawmakers here recently introduced a measure to increase bet limits inside casinos. To qualify for the ballot, 124,632 signatures must be confirmed. The goal is to give more power to the residents who rely on these casinos.

Fortunately, Colorado’s sports betting industry is helping to make up for the lost casino revenue. Revenue from this industry increased dramatically in July. We’ll now need to wait and see how things look in August.

Are you surprised to see how popular sports betting is in Colorado? Let us know in the comments section below!

Detroit’s Casino Reopening Plans Include Smoking, Poker, and Buffet Bans

MGM Grand DetroitWhen Detroit’s three casinos finally reopen, it’s going to come alongside some big changes.

On Monday, the Michigan Gaming Control Board approved reopening guidelines that will require visitors to wear face masks, undergo a temperature check upon entering, and not smoke, play poker, or eat at the buffet.

Detroit casinos, per the guidelines, will also be limited to 15 percent maximum capacity initially.

Currently, Michigan Governor Gretchen Whitmer has yet to lift the coronavirus shutdown order that was put into place nearly three months ago, on March 16.

While casinos don’t have a definitive start date just yet, tribal casinos in the state have already reopened to the public.

Casinos in Las Vegas finally reopened last Thursday, but with Michigan’s heightened number of coronavirus cases and deaths as compared to Nevada and other states that have reopened, they’re taking the right precautions to make sure the state is in good condition to reopen casinos safely.

According to gaming board Executive Director Richard Kalm, CDC recommendations, Nevada Gaming Board guidelines, and data from the National Indian Gaming Commission was carefully considered in crafting the reopening guidelines.

Reopening Guidelines for MGM Grand, MotorCity and Greektown Casinos

The COVID-19 safety guidelines for commercial casinos in Detroit’s three casinos, MGM Grand, MotorCity, and Greektown, were developed in considering the initial reopening. It’s unsure yet how long these particular measures will be in effect, but let’s take a look into the specific protocols below.

Guest and Employee Casino Entry

Entry points into all three casinos will be reduced, with signage visibly seen upon entering reminding guests of the CDC’s guidelines for social distancing, proper handwashing, how to wear facial masks and to stay home if feeling sick.

A non-contact thermometer or thermal scanner device will record the internal temperature of every entrant, making sure that they are not above the temperature danger zone of 100.4 degrees. Anyone who exceeds the appropriate temperature will be denied access and directed otherwise.

Guests must be wearing a face mask that covers their nose and mouth in order to gain access into the casino. For patrons who need to be identified by security or other staff members, they may be asked to lower their masks to confirm identity.

Casino personnel stationed at entry points will receive additional training in how to properly identify guests who may be exhibiting signs or symptoms of COVID-19, and incident protocols.

Occupancy will be monitored and enforced to ensure that the maximum limit of 15 percent isn’t gone over.

COVID-19 Preparedness Plan

Each of Detroit’s three casinos must be in compliance with local, state, and federal COVID-19 health requirements. Recommendations are also to be strongly considered and implemented.

Employees are to receive thorough COVID-19 training, discussing symptom identification, incident protocols, and proper use and disposal of personal protective equipment.

All employees will also be required to undergo a temperature check at the start of every shift to ensure their internal temperature is below 100.4 degrees.

Signage with CDC reminders will be placed throughout back-of-house areas to remind staff on how to conduct themselves to avoid the spread of COVID-19.

Cleaning and Disinfecting

All publically-available items throughout the casinos which are regularly touched and used will be sanitized frequently. Those items include ATM machines, counters, door handles, elevator panels and buttons, restrooms, chairs, light switches, phones, kiosks, clocks, etc.

As often as available, disinfectant wipes will be placed throughout the casino to allow guests to disinfect surfaces after using them.

Enhanced cleaning protocols will be implemented throughout the front-of-house and back-of-house areas.

Slot Machines

All casinos are to schedule frequent cleanings of slot machines. To the extent available, disinfectant wipes should be made available near slot machines so players can use them to wipe down machines before use.

Casinos are to support the CDC’s social distancing guidelines by either installing plexiglass barriers between machines, removing every other chair from certain machines, or disabling certain slot machines altogether.

Table Games

In the casinos’ initial reopening, poker rooms will not be available.

All table games will be limited to three players each, with midi-baccarat games being limited to four players each, and craps games limited to six players each.

All dealers are to wear face masks or face shields when dealing with players.

Playing cards are to be replaced at the start of every shift, with casinos developing their own plans for having chips cleaned and sanitized daily.

For every new shooter, dice must be disinfected.

Those who are not playing at the table are not to congregate table games or stand behind players.

Queuing Areas

Queuing areas throughout the casino floors but be marked with floor markers to identify proper social distancing placement when in lines or other areas.

Elevator areas are to include signage requirement that no more than four people are to use an elevator at once.

Food and Beverage Service

Casino employees are to wear face masks throughout their shift and be conscious of practicing social distancing with every guest interaction, as feasibly possible, such as in the dispensation of food and drinks.

Prohibited Activities

The following activities are prohibited in the initial reopening of the casinos: Poker rooms, smoking on the casino floor, concerts, nightclubs, and all other forms of live entertainment, valet services, coat check, buffets, self-serve soda and coffee stations.

Sportsbook

Sportsbooks are to be rearranged to support social distancing among bettors. Floor marking at to be utilized in designated line areas, high-touch surfaces like tables, seats, and kiosks, must be frequently cleaned and sanitized, and ticket writers are to either wear face masks/shields and gloves or have a plexiglass barrier installed between them and sports bettors

Current COVID-19 Trends in Michigan

As of Monday, the state has reported 64,701 known cases of COVID-19 and 5,912 related deaths.

The new daily cases of COVID-19 continue to fall throughout the state, averaging 193 new daily cases currently, compared with the average of 283 daily cases over the previous five-day period.

Daily death trend is also falling, with an average of 21 deaths over the last five days, as compared with 33 days over the previous five-day stretch.

Stay Tuned

With Detroit casinos gearing up to reopen in the near future, it’s good to see that they’ve publically released their reopening safety protocols to instill some confidence in guests anxious to return.

What do you think of the restrictions? Will you be going to visit one of Detroit’s three casinos once they reopen?

Let us know in the comments below!

Marriot Providing $10M Worth in Hotel Stays for Healthcare Workers

Marriott International Logo RedIn a positive trend that we’ve been seeing over the past couple weeks, Marriot International is joining other hotel properties like Diamond Resorts and Greektown in Detroit, Michigan in providing free stays for healthcare professionals fighting the coronavirus pandemic.

In their new initiative called “Rooms for Responders,” Marriot International will be offering complimentary rooms in cities across the US where the COVID-19 outbreak has been the most disruptive.

Those cities include New York City, the country’s coronavirus epicenter, Newark, N.J., Washington, D.C., New Orleans, Detroit, Chicago, Las Vegas, and Los Angeles.

Partnering with the American College of Emergency Physicians & Emergency Nurses Association

The hotel property has joined forces with the American College of Emergency Physicians and the Emergency Nurses Association to set up healthcare professionals with comped stays at the participating Marriot properties.

According to Mariott International President and CEO Arne Sorenson, American Express and JPMorgan Chase, the hotel’s credit card partners, will be joining in on their humanitarian effort.

Doctors and nurses, who have the biggest risk of catching COVID-19 since they’re in close, constant daily contact with patients, will be able to have a comfortable, clean, and safe space to rest their head after a long shift.

Complimentary hotel stays help in the fight against COVID-19 because it alleviates the worry that many healthcare workers or first responders have about getting their families or loved ones at home infected with the virus.

Community Caregiver Program

Outside of the free stays offered in the select cities where COVID-19 has made the biggest impact, Marriot International has also initiated their new Community Caregiver Program.

This program offers discounted rates to first responders and healthcare workers at over 2,500 of their properties. The initiative is beneficial for workers who are looking to book stays at locations that are closer to the hospitals they’re working at.

The initiative is available in the United States, Canada, the Caribbean, and Latin America.

Properties Across US Offering Over 3 Million Hotel Rooms to Healthcare Workers

Hotel chains and independent properties have really stepped up to the plate during the coronavirus pandemic. They’re helping in the best way that they’re able to, providing a free stay to those who need it the most during the outbreak.

In a new nationwide initiative called “Hospitality for Hope,” over 15,000 hotels have signed up to match healthcare and emergency frontline workers with complimentary stays at participating properties.

Through this and several over initiatives that the hospitality industry have recently joined, a combined total of 3.4 million hotel rooms have been made available to our country’s healthcare workers in this desperate time of need.

According to Chip Rogers, President and CEO of the American Hotel and Lodging Association (AHLA), the company that organized Hospitality for Hope, the hospitality industry is “uniquely positioned” to support communities by taking care of frontline workers during this public health crisis.

Rogers explained that as an industry of people that’s used to taking care of people, now’s the time to really be there for our healthcare heroes and emergency workers who are putting their lives on the line every day just to keep the citizens of this country safe.

Stay Tuned

We are grateful for the hospitality industry for providing a safe haven for our country’s healthcare professional and first responders. During a time where their own industries have been rocked with economic loss, they’re still doing their part to give back in a major way.

Because these workers have a comfortable, free room to rest in and a space to keep themselves at a safe distance from their loved ones, we imagine it’s helping lift some of the stress out of their daily routines during this new normal.

While we can imagine how tough it is for these workers to be away from their families during this time, we imagine it helps remove the burden of worrying about whether or not their families will get sick.

Do you know someone who is a healthcare professional or frontline worker? Leave a shout-out to them in the comments below and give them our many thanks! We are humbled by your continued sacrifice.

Stay safe and healthy out there, everyone.

Colorado’s Sports Betting Industry is Coming Together

For almost two years, every state in the country has been able to set its own laws on sports gambling. Unsurprisingly, a huge number of states have now legalized this industry and are profiting massively as a result. Colorado’s sports betting industry is just emerging and is expected to be one of the country’s biggest.Colorado Flag Picture

Colorado is home to several major sports teams and a huge number of passionate sports fans. Many major sports betting companies are now attempting to break into this industry. Today, we’re going to look at this state’s path to sports betting legalization, and discuss how it may expand over the next few years.

Let’s get into it!

Sports Betting is Officially Made Legal in Colorado

For decades, only Nevada was legally able to offer sports betting odds in the United States. All other states were prevented from legalizing sports betting due to the Professional and Amateur Sports Protection Act, or PASPA. This bill limited the country’s sports betting operations to Nevada.

For years, lawmakers around the country have been pushing to get PASPA removed. New Jersey, in particular, has been very critical of the controversial bill. Finally, things took a major turn.

In May of 2018, the US Supreme Court decided to officially strike PASPA down. This immediately gave every state in the country the ability to set their own laws on sports betting. Several states, including New Jersey and Delaware immediately legalized this form of wagering.

Certain lawmakers in Colorado have pushed to make sports betting legal since PASPA was removed. In November of 2019, voters in the state finally passed a ballot that allows both land-based and online sports betting. The first sportsbooks are expected to begin operating here in May of 2020.

Colorado’s sports betting industry is already beginning to grow. Several casinos are gearing up to launch their sports betting options.

Colorado’s Sports Betting Industry is Coming Together

Many states have chosen to officially legalize sports betting. Several of these states have passed sports gambling bills, yet are still coming up with regulations. This is the case with Colorado. Sports betting is now legal here, yet no sportsbooks have officially begun operating in the state.

That doesn’t mean casinos aren’t getting prepared, though. Some of the state’s biggest and most profitable gambling venues have officially begun gearing up to launch their sports betting platforms. Many casinos in the state are preparing their land-based and online sportsbooks.

Sean Demeule, vice president and general manager of Ameristar Casino in Black Hawk, commented on the casino’s sports betting preparations to the media this week.

“(We’re) thrilled that the voters passed sports betting last November. We’re starting to plan how we’re going to roll it out here at Ameristar. We’re going to start with a sportsbook here on property, working on the design right now,” he said. “We’re taking what’s been done in Vegas and improving on that.” 

Colorado is likely to begin earning millions of dollars a month from these legal sports betting options. The revenue will help to fund various state water projects. We’ll need to wait and see which sports betting companies begin entering into this state over the next few years!

Several Companies Already Set to Offer Sports Betting Options in Colorado

The US sports betting industry is growing at an unprecedented rate. Bank of America recently claimed that this industry will be worth $22 billion by 2020. As more states legalize this form of gambling, more money begins flowing in.

It’s no surprise to see so many companies push to break into Colorado’s sports betting industry. Not long ago, Twin River purchased three popular Colorado casinos. The company also received three sports betting licenses here, all of which will go live in less than 90 days.

DraftKings and FanDuel are also working hard to enter Colorado. These companies are currently active in many states including New Jersey.

Several major UK companies such as William Hill are interested in Colorado, as well. Based on the way things are going, this could become one of the most lucrative sports betting states in the country.

Colorado’s sports betting industry is already growing. Stay tuned for more updates over the next few months!

Trump Still Owes Atlantic City Money for Trump Taj Mahal Casino

Taj Mahal Casino in Atlantic CityThese days, there’s a lot of talk about Trump’s divisiveness and strategy within the White House. But there’s barely any mention of his unpaid bills as an Atlantic City casino magnate.

Trump obviously faces far more pressing issues now, including his impeachment trial in the U.S. Senate. So it’s highly unlikely that he will mention his unpaid bills from Atlantic City when he takes the stage Tuesday night at the Wildwoods Convention Center.

Former Workers Feel the Sting

As for the carpenters, electricians, plumbers, window installers and other contractors who built Trump’s Taj Mahal casino in Atlantic City three decades ago, the wounds from not being paid still fester.

“It’s terrible,” said Jenkins, who runs Triad Building Specialties. “I can’t stand Trump. I think he’s nothing but a snake oil salesman.”

Triad Building Specialties begn in the mid-1970s by Jenkins’ father. Jenkins was only 19 when he got the $300,000 contract to provide guardrails, doors, stalls, and paper dispensers for the nearly 300 public bathrooms at the Trump Taj Mahal casino overlooking the Atlantic City beachfront.

A Casino Built on Financial Sand

In Atlantic City, Trump bragged that the Taj Mahal — which he claimed had a price tag of $1.2 billion — was the “eighth wonder of the world.” Not only was it considered the largest casino anywhere, it was adorned with crystal chandeliers from Austria, hand-sewn carpets from Britain, Carrara marble from Italy and 70 onion domes that towered over the Atlantic City boardwalk.

But the Taj, as it came to be called, seems to have been built on financial sand.

What Trump didn’t say was that he financed the Taj with $700m worth of junk bonds. And what he did not tell the scores of contractors who worked on the overly lavish casino was that he could not pay their bills.

Triad Building Specialties ended up taking out a $40,000 loan just to pay its suppliers. And then the firm needed another decade just to pay off the loan. By the end of it, Triad had only received 40 cents on the dollar from Trump for its work on the Taj. Jenkins is now 49 years old and is the firm’s co-owner.

To be successful, it meant the Taj had to come up with $94m a year just to pay off its debts, and $1m a day to be profitable. Trump insisted the casino would make Atlantic City great again, returning the area to its prohibition-era glory days.

At one point in time, President Trump actually owned three casinos in Atlantic City. He employed nearly 8,000 citizens and accounted for nearly one-third of the Atlantic City area’s revenue.

But they eventually became unsustainable thanks to a mixture of enormous debts, rival venues, weak local demand, and negative press, which suggested Trump’s businesses were facilitating money laundering. This is something was later given credence when the Taj was fined $10 million for failing to report suspicious transactions.

 

Hard Rock Will Continue to Invest in Atlantic City, Despite Town’s Bad Shape

Hard Rock Hotel & Casino in Atlantic CityThe CEO of Hard Rock Atlantic City, Jim Allen, voiced his concerns that Atlantic City is “going in the wrong direction,” citing that the city in the worse shape it’s ever been since buying the Atlantic City casino nearly three years ago.

The resort is doing their part to keep employee morale high. After an employee meeting last Thursday, the Hard Rock handed out bonuses to nearly $2,900 full-time employees, totaling $2 million. Allen said while the company is willing and ready to be a part of a solution to build a better Atlantic City, it’s not confident over recent developments.

The City Needs Patching Up

One particular area of concern that comes up often is the lack of urgency when it comes to maintaining the surrounding areas. This includes keeping the streets clean and repairing anything within the environment that may affect consumer safety and working to prevent potential accidents. Allen notes that the streetlights have been out for two months on several blocks along Pacific Avenue:

“When you’re in a resort environment where safety and security is so important, if the city can’t get something fixed as simple as the street lighting, then maybe a change is needed,” he said.

Allen had humble career beginnings in the casino industry, when he started out as a cook at Bally’s Atlantic City over 40 years ago. He made a mere $6.11 an hour. Understanding the importance of keeping the hospitality industry alive in the town, he felt urged to meet with Mayor Marty Small to discuss plans for progress.

Recruiting the Mayor’s Help

On Thursday, Mayor Small stated that he’s been working with the electric company and state agency responsible for planning in the city to restore functioning traffic lights. That’s the first step. When asked about the impact he’s made and plans to move forward, he said this:

“I’ve been in office 103 days and we’ve already made changes, with plenty to come. I’m moving my agenda forward, and will meet with anyone that has the city’s best interest (at heart), which Jim Allen does.”

What’s Next Moving Forward

If the casino’s performance improves, Allen said the company will be looking to double bonuses next year. Although the hotel misses its 2019 business targets by 10%, it didn’t stop the generous and forward-thinking CEO to give the bonuses.

The motive is to motivate full-time workers to provide great customer service. Many of the workers received $250, while managers received bonuses on scales tied to their salary.

It’s a smart business move. If the city can’t improve its infrastructure, it can at least improve its level of service to keep guests coming to the door. Jill Tyron, an administrative assistant for Hard Rock Atlantic City said this about the free bonus the company received:

“What’s not to love about free money? I love it here. The people I work with are wonderful.”

The company plans to invest at least $15 million in capital expenditures in Atlantic City in 2020, one of those expenditures including an expanded sports betting operation.

Rio Suite Hotel Celebrates 30 Years as Trendsetting Las Vegas Resort

Rio Suite Hotel in Las VegasBring out your Mardi Gras masks, because it’s time to celebrate the Rio Suite Hotel’s 30th birthday. The groundbreaking hotel shook up the Las Vegas resort scene when it opened on Jan. 15, 1990.

With the countless number of resorts on the Las Vegas scene now, it’s easy to forget how the Rio pioneered the way to the norm that’s industry standard today. The Rio was the first of its kind when it put the buffet kitchen in the dining area, when it opened a large-scale nightclub, and when it enticed crowds to its pool with white sands and exotic parties.

The off-Strip Brazilian-themed property also had the first all-suite resort in Las Vegas, with floor-to-ceiling glass in all the rooms. They also perfected the art of on-resort entertainment, with Danny Gans being the first start headliner to command a $100 ticket per show. Magic-show entertainers, Penn and Teller, have been serving laughs at their show that’s been running on the property since 2001.

Rio’s Highlights Over the Years

The Rio has had a colorful past thirty years indeed. Early visitors will recall being greeted by women dressed in colorful costumes with artificial fruit baskets on their heads.

In its heyday, it hosted its famous “Masquerade Show in the Sky,” that Rio guests were able to enjoy several times a night. It’s a much-missed attraction that amused both tourists and locals from Feb. 7, 1997, to its final performance on March 30, 2013.

The color spectacle included performer-laden floats traveling along a track on the ceiling and singers and dancers performing on a two-story, floor-level stage. Audience members can remember eagerly trying to catch beads tossed by performers.

In 1998, the Rio opened its Convention Center, that would later set the stage for the 2005 World Series of Poker Tournament. In 2006, Harrah’s purchased Caesars properties, including the Rio, for $9 billion. Caesars sponsorship of the WSOP helped fill the hotel to maximum capacity.

It was even the home of the late Prince’s residency in the 2000s.

The Chippendales show has also had its famous run there, usually falling under the first-time Vegas visitor’s to-see list.

New Owner: Looking To the Future

On Dec. 5, 2019, the newly formed Dreamscape Companies, became the new owner of the hotel in a $516.3 million deal. It has major hopes bringing the property back to its former glory.

Dreamscape will have plenty of lead time to determine how to drive customers to the 2,500-suite off-Strip property. Caesars Entertainment will continue to operate the building for two years with an option for a third year before Dreamscape takes over with its own management team, according to a Securities and Exchange Commission filing. Caesars will be paying rent of $45 million annually. This is all while Dreamscape strategizes on to whom and how it will exactly begin to advertise the resort.

The 22 acres of unused land, part of the 90-acre Rio campus, also provides potential opportunity, with potential development plans possibly including a Major League Baseball stadium, though it hasn’t been confirmed.

Even with the new management and ownership, the Rio will still continue to host Caesars’ popular World Series of Poker tournament, at least next year. The hosting rights still remain with Caesars Entertainment, but they will eventually make decisions on where to host the event in the future. The 2019 WSOP event attracted a record of more than 154,000 entrants.

Las Vegas Holiday Offers Are Finally Here!

The holiday season is almost here and many people around the world are now flocking to Las Vegas for the celebrations! Many hotel-casinos in this city recognize this. There are now a huge number of fantastic Las Vegas holiday offers available!

This is one of the best times to visit the city. The weather is a little cooler and room rates tend to be a little cheaper. Here are some of the amazing offers now available!

These Are Some Las Vegas Holiday Offers Available Right Now

Thanksgiving is just around the corner and soon, December’s holidays will start creeping up. Some of the best hotel-casinos in the city are now offering some incredible perks to guests.

On Cyber Monday, Caesars Entertainment Corp is offering guests an incredible 40% discount on rooms between the dates of December 2nd and October of 2020. This deal will only last for one day, so make sure to take advantage! This deal is available for many of Caesars’ biggest properties including The LINQ, the Rio Hotel & Casino, and Caesars Palace.

The Cosmopolitan Hotel & Casino is one of the most popular venues in Las Vegas. Between now and December 3rd, this hotel is offering a unique “double or nothing” deal for guests. You’re able to book a one-night stay and get another for free.

MGM Resorts International also now has one of the best Las Vegas holiday offers. The company will offer a 30% discount for most of its Las Vegas properties from now until Saturday afternoon.

Just about every single hotel-casino operator in the city is offering something special this holiday season. Now might be the best time of the year to book your room!

Las Vegas Casino Revenue Continues to Increase

At the beginning of this year, it looked as if gambling revenue in Vegas was beginning to drop. Fortunately, this did not turn out to be the case. For the majority of 2019, casinos have managed to bring in a significant amount of revenue.

Over the past three months, gambling revenue has increased significantly. In September, news broke that casinos in Nevada managed to surpass $1 billion. Baccarat helped to bring in the most money to casinos in the city.

Incredibly, casino revenue once again surpassed $1 billion in October of this year. Statewide, gambling revenue in Nevada reached $1.022 billion. Revenue from the Las Vegas Strip came out to $538.5 million.

Overall, revenue from August, September, and October increased by 2.3% compared to the same period in 2018. Downtown Las Vegas revenue increased the most, at 8.85%.

Things are going well in this city right now. Hopefully, the holidays help to increase revenue, as well.

Some incredible Las Vegas holiday offers are now available! If you’re planning to visit this city soon, make sure to take advantage of these deals!

Stay tuned for more Las Vegas casino news over the next few months!

Nevada Gambling Winnings Surpassed $1 Billion in September

The state of Nevada is experiencing some massive revenue gains this year. New reports indicate that Nevada gambling winnings surpassed $1 billion last month. It’s the fifth time in 2019 that casinos here have brought in more than a billion dollars.Nevada Sign On Highway

Things are clearly going well in this state. Today, we’re going to look at which forms of gambling brought in the most money here in September. We’ll also talk about which areas of the state managed to generate the most revenue. Let’s get into it!

Nevada Proves It’s Still the Casino Capital of the US

Nevada, and specifically Las Vegas, has always been considered to be the gambling capital of the US. Recently, however, several states have expanded their gambling industries. It seemed as if some parts of the country could overtake Nevada in terms of gambling revenue.

This is beginning to seem less likely. Nevada’s Gaming Control Board has confirmed that casinos in this state won more than $1 billion in September. In total, casinos here managed to bring in $1.059 billion.

It’s a massively successful number for the state, which heavily relies on gambling revenue to function.

Casinos have now generated more than a billion dollars for the fifth time this year. Nevada gambling winnings in September even set a new record. It was the most money ever made during this month. The previous record was held in 2007.

No other state can currently compete with Nevada’s gambling industry. New Jersey is pulling in impressive revenue figures, yet it’s not quite at Nevada’s level. We’ll need to wait and see how long this winning streak continues for.

Baccarat Helps to Boost Nevada Gambling Winnings

Baccarat is one of the most popular casino games in the world. In case you’re unaware, this is a common table game available in almost all Nevada casinos. It’s grown extremely popular over the years and has proven to be a huge earner for casinos around the country.

According to the Nevada Gaming Board, this game helped to generate a significant amount of money last month. Michael Lawton, a senior research analyst for the Gaming Control Board, commented on the earnings from this game to the media this week.

“Baccarat held 19.47 percent compared to a very weak 9.81 percent last year,” he said. “This stronger hold offset soft volumes, as baccarat volume totaled $557.1 million which was a decrease of $160.7 million or 22.4 percent (from last year).” 

Interestingly, Lawton claims that baccarat’s trends aren’t exactly great.

“Although this month’s baccarat results were a significant improvement over last year, the long-term trend for the state’s baccarat business remains choppy at best, as win is currently down 9.3 percent calendar year to date and volumes are down 12.4 percent.”

Slot machines also contributed to Nevada gambling winnings last month. This form of gambling helped to bring in $690.2 million. This represents an 8.3% increase from the same month in 2018.

Las Vegas Continues to Bring in the Most Money for Nevada

Las Vegas is home to many of the biggest and best casinos in the world. The Las Vegas Strip, in particular, features a massive number of world-class gambling venues. Most of these casinos generate a huge amount of money every single month.

Overall, Clark County managed to bring in $913.6 million in September. This is up more than 8% from the same period last year. Las Vegas Strip revenue increased by 7% to $584.2 million.

Amazing, Downtown Las Vegas experienced the biggest Nevada gambling winnings increase last month. This area of the city brought in $65.9 million, an increase of 19.9% from 2018. This is great news, considering gambling revenue in the Downtown area fell last month by 1.9%.

Nevada has seen its casinos generate an increase in revenue for the past four months. Soon, the Las Vegas Convention and Visitors Authority will release the state’s official tourism numbers from last month.

Nevada gambling winnings continue to increase. Stay tuned for more casino news on this city over the next few months!

Oklahoma Tribes Begin to Negotiate With State Officials

Lawmakers in Oklahoma and the state’s Native American Tribes have been arguing with each other for months. It’s a complicated issue in which both parties feel they’re correct. This week, Oklahoma tribes have finally begun negotiating with members of the state government.State Map Of Oklahoma

It’s great news to see a discussion finally take place. Now is the perfect time to look at what these two groups are arguing about. We’ll also talk about some of the state’s possible gambling expansion plans.

Tribal Casinos in Oklahoma Continue to Bring in Revenue

Oklahoma is home to more than 100 land-based casinos. A huge number of Native American Tribes are based in this state and since 1988, they’ve been able to operate gambling venues on sovereign land. This industry has proven to be extremely successful for the state government.

All together, these casinos generate billions of dollars every single year. That usually ends up paying the government more than $100 million each year in taxes, as well. Oklahoma casinos also help to boost the state’s tourism industry.

In many nearby states such as Texas, casino gambling is completely illegal. For that reason, many people come to test their luck in different Oklahoma tribal casinos. State lawmakers recognize how important these venues are for the local economy.

Interestingly, some major politicians in this state have worked to generate more revenue from the gambling industry. Even the Governor of Oklahoma believes that the state should be making more money from casinos. These opinions has led to some serious conflicts with Oklahoma tribes that operate gambling establishments.

Oklahoma Tribes Finally Start Negotiating With Lawmakers

There are many highly popular gambling venues in this state. For many years, these casinos have been forced to pay between 4% and 10% of their total revenue to the state via taxes. These rates seemed to work for both the tribes and state government.

This year, things took a turn. Governor Kevin Stitt began taking a closer look at the current tax structure. He felt that the tax structure was outdated, and it was time for these tribes to begin paying more money.

Many different Oklahoma tribes began pushing against these new measures. John Berrey, chairman of the Quapaw Nation, commented on the state’s newly proposed measures to the media this summer.

“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.”

For months, the tribes refused to engage in any real dialogue with lawmakers. Finally, these tribes have begun negotiating.

Oklahoma’s Attorney General is now speaking with more than two dozen tribal leaders. Hope is that these groups can reach an agreement and move forward without any major issues.

Lawmakers Still Push Against Sports Betting Legalization

Since May of 2018, every state in the country has been granted the ability to set its own laws on sports betting. Today, 19 states have outright legalized this form of gambling. Many more are likely to do so over the next few years.

Lawmakers in Oklahoma are showing no real willingness to embrace this industry. In late 2018, a bill was introduced here to allow Oklahoma tribes to offer “sports pools” inside casinos.

If approved, this bill would have allowed for “wagering on the outcome of one or more competitive games in which athletes participate, or on one or more performances of such athletes in such games where all bets are placed in a common pool or pot from which all player winnings, prizes and direct costs are paid.”

Unfortunately, this bill failed to get approved during the state’s 2018 legislative session and seems unlikely to be approved this year.

Many, however, believe that sports betting will be legalized in Oklahoma within a few years. The state already earns millions from casinos. Regulation of the sports betting industry will bring in millions of additional dollars to the state government each year.

Stay tuned for more Oklahoma casino news over the next few months!