Casino Closures Cause Major Dip in PA’s Gambling Revenue

Casino in Pennsylvania

Pennsylvania is home to one of the largest gambling industries in the United States. Unfortunately, this industry has been suffering due to the events unfolding around the world. Most recently, the state-ordered casino shutdowns have led to a major dip in PA’s gambling revenue.

Now is a perfect time to talk about how much money the casinos in Pennsylvania have lost recently. It’s been a tough past few months for the gaming companies operating here.

Let’s take a look at what exactly is going on here.

Will the Casino Industry in Pennsylvania Close Down Again?

Back in March, the entire US casino industry experienced something unprecedented. Due to the global pandemic, state leaders forced all of the casinos around the country to shut their doors. This was devastating in the areas that rely on these casinos for money and employment.

Places like Las Vegas certainly fit that bill. As most know, this is the world’s largest casino destination. It relies heavily on its tourism industry, which all but stopped completely when the casinos were forced to close their doors.

It took months for the casinos in the city to reopen. When they did, these venues were met with extremely low tourism figures. Even today, nearly a year after the casinos were forced to close, tourism figures in Las Vegas remain low.

Smaller gambling hubs like Pennsylvania felt the effects of these regulations, too. The casinos here were finally able to open again over the summer. In December, state leaders once again forced the casinos to shut their doors. They have since reopened.

Some fear that the casinos in this state may be forced to shut down once again. An order like this one could have irreversible effects on the gambling industry here. Fortunately, this has not yet been mandated by any state leaders.

We’re now beginning to hear just how devastating 2020 was for the gambling companies in this state. Here’s a look at how badly these companies were hurt.

PA’s Gambling Revenue Dropped by 20% Last Year

Every single state has been experiencing drops in gambling revenue over the past twelve months. Some are seeing larger dips than others. We are now beginning to hear how much money the different gambling platforms over in Pennsylvania managed to bring in during 2020.

According to new reports, PA’s gambling revenue fell by an astounding 20% over the course of the year. That is when compared to 2019. Certain gambling options here managed to perform better than others.

The state’s casinos, sports betting operators, and DFS platforms managed to bring in $2.65 billion throughout 2020. That’s a significant drop from the $3.5 billion earned in 2019. Obviously, the gaming industry operators here has reason to be concerned.

Pennsylvania’s casinos themselves brought in $2.4 billion in 2020. Fortunately, the state’s online casino platforms have helped to make up some of the losses. These internet casinos actually saw an increase from just $34 million in 2019 to an incredible $566 million in 2020.

As you might expect, the gambling companies here are focusing more on their online gambling platforms. This is the safer industry at this stage for these companies. Hope is that we see the land-based casinos here experience larger revenue increases over the next six months.

It’s a very interesting time for the entire country’s casino industry. Sports betting is helping to bring many states, including Pennsylvania, some much-needed revenue right now. Which states will we see legalize and regulate this form of gambling in 2021?

More States Plan to Regulate Sports Betting in 2021

It’s been amazing to see how quickly the US sports gambling industry has grown in just a few short years. It wasn’t until 2018 that states were legally able to provide sports betting options. Now, less than three years later, more than half the country has a regulated sports betting industry up and running.

Even states with a historically anti-gambling stance over the years are beginning to embrace this industry. That includes places like North Carolina and New York. Officials here can’t ignore the massive revenue potential industry any longer.

It appears that several more states are set to legalize sports betting in 2021. This is likely to be the biggest year for the industry so far. We could see some of the most populated states in the country finally embrace this industry.

Many are hopeful that California decides to embrace the sports betting industry this year. For years, state leaders and tribal casino owners have been negotiating on a way to allow sports gambling. There seems to be some progress being made and many are excited to see things come together.

Oklahoma is in a similar position. This state is home to a massive number of tribal casinos. State officials are actively working with the owners of these venues on ways to offer legal, regulated sports betting options.

PA’s gambling revenue is already increasing thanks to the state’s sports betting platforms. Which states do you think will legalize this industry in 2021? Let us know in the comments section below!

Casino Owner Removes Bids to Demolish Trump Casino

Trump Plaza Casino

Not long ago, reports surfaced claiming there would soon be a bidding process available for those looking to demolish the Trump Plaza Hotel-Casino in Atlantic City. Unsurprisingly, many expressed interest in earning the right to take this property down. This week, reports came out claiming Carl Icahn has removed bids to demolish Trump casino.

It’s an interesting move for Icahn. This venue will still be demolished, albeit without the same spectacle that some predicted. Today, we’ll talk about what is happening with this property.

Here’s what we know.

Atlantic City Casinos Hope for a Better Year in 2021

Over the past decade, Atlantic City has grown to become one of the largest casino destinations in the world. It’s not much of a surprise. This city is home to a huge number of world-class casino-resorts. Many have gone through huge renovations over the past few years.

Things appeared to be going smoothly here. With the introduction of sports betting back in May of 2018, the casino industry here began to grow quickly. Many expected casino revenue here to rise steadily as the years went on.

2020 halted all of the progress made here. In March of last year, state leaders in New Jersey forced all of the casinos in this city to close their doors. It wasn’t until July that Atlantic City’s casino industry was given permission to reopen again.

Revenue has remained extremely low since this time. Atlantic City continues to see extremely small tourism numbers when compared to 2019. As a result, the casinos here are having a difficult time bringing in money.

The casino owners are now hopeful that 2021 proves to be a significantly better year for the industry here. Many believe that with effective vaccine distribution, more visitors will begin flocking to Atlantic City’s casinos. We should get a better idea of what to expect here this year over the next few months.

We’ve seen several major casino-resorts permanently shut their doors over the last few years. That includes one formally owned by Donald Trump. Here’s an update on this venue.

Carl Icahn Removes Bids to Demolish Trump Casino

The Trump Plaza Casino first opened its doors in Atlantic City back in 1984. For a time, it was one of the hottest gambling venues in the city. Due to competition and a drop in tourism rates, this property eventually went bankrupt and officially shut down in 2014.

Billionaire Carl Icahn eventually took control of this property and the land it sits on. Interestingly, he hasn’t decided to tear it down. To the disappointment of many officials in Atlantic City, this venue has simply remained closed and is beginning to fall apart.

Officials finally decided that a change was needed. News broke last year that Carl Icahn would soon be demolishing this venue. Reports then came out that a group was allowing businesses and individuals to bid for the right to demolish this property.

It now appears that Icahn has ordered to stop all bids to demolish Trump casino. Icahn reportedly sent a cease-and-desist letter on this bidding process. Instead, he will personally donate $175,000 (the amount expected to come in from bids) towards the Boys and Girls Club of Atlantic City.

Icahn believes that allowing untrained individuals to be involved with this demolition process is unsafe. A spokesperson offered more information about this situation to the media this week.

“From the beginning, we thought the auction and any other related spectacle presented a safety risk, and we were always clear that we would not participate in any way,” the spokesperson said. 

Those hoping to personally tear this property down are now out of luck. That doesn’t mean the Trump Plaza Casino will remain standing, though. Icahn still prepares to demolish the venue early this year. We’ll offer more information on this situation over the next few weeks!

Biggest US Casino-Resorts Opening in 2021

It will be interesting to see the Trump Plaza Casino torn down. This was one of Atlantic City’s most beloved venues for decades. It will now be torn down, making way for an exciting new casino-resort to open its doors here.

There are many incredible new casino-resorts scheduled to open their doors throughout the US over the next few years. Obviously, most are looking at Las Vegas. There are several major venues opening here in 2021.

The biggest and most exciting is Resorts World Las Vegas. This multi-billion-dollar venue is slated to open its doors to the public sometime this summer. More details on this casino-resort have been coming out lately. It’s expected to be one of the most impressive gambling properties ever built in Las Vegas.

Many are also excited about the new Virgin Hotel-Casino opening its doors this year. This is the first casino ever owned and operated by Virgin. It is also expected to be incredible and is expected to open its doors in Las Vegas early this year.

We will see many casinos built around the US this year. There are also a large number of casino-resorts scheduled to be torn down. Don’t expect to make any bids to demolish Trump casino, though.

Are you surprised Carl Icahn stopped the demolition bidding process? Let us know in the comments section below!

Where Will the New Casino in Chicago be Situated?

Chicago Image

Lawmakers in Illinois continue pushing to expand the state’s casino industry. Much of the discussion is centering around plans for the new Chicago casino. Many analysts are now debating where the new casino in Chicago should be located.

There are several locations that could accommodate a new casino. Some are thought to be more ideal than others. Today, we’ll talk about some of the most-likely areas for the new gambling venue to open its doors.

Let’s get into it!

Illinois’ Casino Industry is About to Reopen Once Again

There are a large number of world-class casinos in the state of Illinois. Some of these are tribal casinos owned and operated by Native American tribes. Others are commercial casinos owned by some of the country’s most powerful gaming companies.

Interestingly, state officials want to expand this industry. Back in 2018, Governor Pritzker passed a new Capital Plan to open several more casinos around Illinois. That includes a new casino-resort in Chicago; the first of its kind.

2020 ended up halting these plans. For several months last year, all of the casinos in this state were completely shut down. They began reopening during the summer, yet state officials forced commercial casinos to close down again several months later.

Soon, the casinos in Illinois will finally be allowed to reopen. It’s exciting news for the companies that operate these venues. As Illinois enters into Tier 2 of its reopening process, casinos will be given permission to begin operating at a limited capacity.

It will take a long time before these casinos see the revenue figures experienced back in 2019. The world’s casino industry has been devastated by the events that unfolded last year. Hope is that we see an improvement over the next six months.

Many are now looking ahead to the casino expected to open in Chicago. Here’s a quick update on this exciting new property!

Analysts Continue to Debate a Location for the New Casino in Chicago

When news broke that officials were preparing to open a new casino in Chicago, it spread like wildfire. Many felt it would never happen. This city has never hosted an established casino-resort in its history.

Initially, it seemed likely that this would be a hugely successful gambling property. Chicago is already a major tourist destination. Many believed that opening a casino-resort here would help to significantly boost tourism rates in the city.

Unfortunately, the state set unusually high tax rates on this venue. Many casino companies withdrew from the running to obtain a license to operate this property. The issue of location has also been a big one lately.

No one seems to know where in Chicago this property will be situated. There are several areas of the city still in the running. Lakeside Center and The Chicago Tribune’s Freedom Center are two interesting locations. Many city officials are putting more thought into opening the new casino in Chicago in these areas.

It’s an interesting situation. Everyone wants to ensure that this new casino is as successful as possible. Location will play a huge role in its success. Most analysts agree that the locations being discussed are the best options right now.

Chicago is set to receive an incredible new casino-resort in the near future. We’ll be sure to offer more information on this situation over the next few months. Stay tuned for updates!

State Officials Set a New Tax Rate on Sports Betting Winnings

Back in May of 2018, the Supreme Court struck down PASPA. This gave every state in the country the option to legalize and regulate sports betting. Now, three years later, more than half the country has a sports betting industry.

Illinois’ first sports betting options went live back in March of 2020. Since that time, the industry here has grown steadily. Both land-based and online sports wagering are available in this state. It’s proven extremely valuable in the form of taxes.

This week, reports surfaced claiming anyone that makes over $600 in sports bets will now need to report their winnings to the state. These earnings will be taxed at 15%. Nicholas Royer, a financial advisor for MRFC, believes this will benefit the state in a big way moving forward.

“What happened is the state realized that 94% of sports gambling is now done online. And so they looked at this as, Oh, it’s a revenue that we can create for ourselves now that this is actually happening,” he said. “Illinois, is the fourth biggest in online gambling and sports betting right now in the country. Only behind Nevada, I think New Jersey and Pennsylvania. So it’s a pretty big deal and if we just look at September to October, just in that timeframe from September to October. There was a 42% increase in sports in sports gambling online.”

Many bettors are likely to be disappointed by this news. An increased tax rate could result in some choosing to wager through unregulated sites. In the long run, however, this will play a big role in bringing in some much-needed revenue for the state.

Are you excited to see the new casino in Chicago? Where do you think it should be located? Let us know in the comments section below!

Pennsylvania’s Casino Industry is Finally Reopening

Pennsylvania Casinos

The state of Pennsylvania is home to a huge number of casinos. In early December, state officials ordered all casinos to temporarily close their doors. After weeks of being shut down, Pennsylvania’s casino industry is now finally up and running again.

No one knows the impact that these shutdowns will have on this industry in the long-term. Hope is that things bounce back quickly. Now is the perfect time to talk about how casinos in Pennsylvania might fare over the next few months.

Let’s get into it!

Sports Betting Continues to be Profitable for Pennsylvania

Since May of 2018, every single state has been able to set its own laws on sports betting. 26 states have now chosen to regulate this popular form of gambling. Specific regulations towards sports betting differ from state to state.

Most areas of the country are seeing a massive amount of revenue come in from this industry. That seems to be mostly true for the states with regulated internet sports betting platforms. Places like New Jersey are seeing hundreds of millions wagered on sports online every single month.

Lawmakers in Pennsylvania legalized sports gambling almost immediately after PASPA was struck down. The first legal sports wager was placed here in November of 2018. It’s proving to be a very profitable industry for the state each month.

This past November, Pennsylvania saw a total of $492 million in sports betting handle. That was a large drop from the $525 million in sports betting handle seen in October. The state is still seeing significantly more money come in from its sports gambling platforms than many other states in the area.

The casino industry in Pennsylvania isn’t faring quite as well. In fact, lawmakers have been ordering all commercial casinos here to close their doors for the past few weeks. Today, that mass casino shutdown finally came to an end.

Here’s what casino fans in the state can expect.

Pennsylvania’s Casino Industry is Set to Reopen Today

Pennsylvania, like many of the other states in the north-east area of the country, is home to a large and successful casino industry. There is a mix of Native American-run and commercial gambling venues in this state. Several popular “racinos” are also operating throughout Pennsylvania.

In early December, lawmakers ordered all of the commercial casinos to close their doors to the public. Health experts had been calling for this move for months. Eventually, it became clear that the state needed to implement tougher restrictions to cut down on rates of Covid-19.

Today, Pennsylvania’s casino industry was finally given the green light to open its doors again. 13 casinos here can now begin operating. They must all run at just 50% occupancy until further notice.

Despite the difficulties, casino revenue actually increased in Pennsylvania this year. Doug Harbach, a spokesman for the PA Gaming Control Board, spoke about the economic situation here to the media this weekend.

“Even with the decrease in revenue from casinos due to covid-19 closures, it is likely that (the 2020) calendar year will see an approximate 25% increase in the total local share tax revenue from all forms of legalized gambling,” he said. 

2021 is expected to be a much better year for the casino industry in Pennsylvania. All of the casinos here have already been given permission to open back up. With effective health regulations set in place, we could see visitation rates at these properties increase significantly throughout the year.

Nearby Atlantic City is working hard to bring in more gamblers right now. Many analysts expect big things for the popular New Jersey city moving forward.

How Will Atlantic City Fare in 2021?

Pennsylvania is quickly developing a successful casino industry. There’s no doubt that New Jersey still has the biggest casino market on the east coast, though. Atlantic City began opening back up again in July and has been trying to increase its tourism rates ever since.

It hasn’t been easy here. State officials have chosen not to implement another wave of casino shutdowns. Instead, they’ve been slowly ordering more regulations inside these venues. That includes lower occupancy levels and tough rules for casino restaurants and bars.

Fortunately, 2021 is expected to be significantly better than 2020 was for the casino industry here. Several analysts feel that vaccines could help to promote travel as the year goes on. Many will be looking for a fun vacation of gambling and entertainment that can be found in Atlantic City.

No one can say with 100% certainty that things will improve. We learned last year that anything can happen. Even Las Vegas, the world’s largest gambling destination, is still struggling to bring in gamblers.

Casino companies in New Jersey are certainly optimistic. Many have recently begun offering more entertainment options to their patrons. We’ll be sure to offer more updates on how the casino industry is faring over the next few months!

Are you excited to see Pennsylvania’s casino industry open back up? Let us know in the comments section below!

Rosie’s Gaming is Opening a New Casino in Northern Virginia

Rosies Gaming

Virginia has been slowly expanding its gambling industry for years. Rosie’s Gaming now operates slot-style gambling venues throughout the state. New reports claim that this company is set to open a new casino in Northern Virginia early next month.

Residents in this area of the state have reason to be excited! Today, we’ll talk about the details of this new gambling venue. We’ll also discuss some of the ways that the state’s gambling industry could change next year.

Let’s get into it!

Virginia’s Sports Betting Industry is About to Launch

Since May of 2018, every state around the US has been able to set its own laws on sports betting. The removal of PASPA completely changed the country’s gambling industry. 26 states have now officially legalized sports betting and most are earning a huge amount of revenue each month.

Virginia has been an anti-gambling state for many years. Lawmakers have been pushing against expanding the number of gaming options available. In November of 2020, however, the state finally approved sports betting legislation.

It’s the biggest move ever made for the gaming industry here. It will take time for any sports gambling options to become available, though. The state is currently working to come up with specific plans to regulate this industry.

Hope is that the first sports betting options will launch before next year’s Super Bowl. The Virginia Lottery Commission has yet to formally announce a launch date. The current plan is to allow approximately 12 different online sports betting sites to launch here.

This is expected to bring the state a huge amount of revenue every year. Analysts expect approximately $400 million to be wagered on sports in 2021. Interestingly, no land-based sportsbooks will launch in this state.

Virginia is slowly developing a casino-type industry, too. Several gambling venues have opened here recently. A new one is now set to reopen its doors in the northern area of the state!

Here’s What We Know About the New Casino in Northern Virginia

As we mentioned earlier, Virginia has been largely anti-gambling over the years. Finally, this past November, lawmakers approved a measure to allow casinos in five different cities. Hope is that these venues help to bring some much-needed revenue to these parts of the state.

There are already several casino-like venues operating here. Rosie’s Gaming currently operates three gambling venues throughout Virginia. These aren’t traditional casinos, though.

Instead, the venues operated by Rosie’s Gaming offer slot-style games to their customers. These games play similar to slot machines, but are actually tied to the results of past horse races. Players themselves are unlikely to notice the difference. It’s a sort of loophole that the state is allowing.

Rosie’s Gaming has just announced that it plans to open a new casino in Northern Virginia early next month! It’s easy to see why. Hundreds of millions are being wagered on these machines every month. Expanding is a great way to compete with the casino industry in neighboring Maryland.

This newest gambling property will open its doors in Dumfries. Mayor Derrick Wood believes this could help to make Dumfries a tourist destination with other residents in the north of Virginia.

“Everybody ain’t gonna like you, everybody ain’t gonna like me, and everybody ain’t gonna like every business that comes to town,” he said.“Dumfries has always been a place people drive through. Now we are trying to create a sense of destination.”

It won’t be long before real resort-style casinos open their doors in Virginia. We’ll continue offering updates on the gambling industry here over the next few months!

Online Casino Options Available in Virginia

Things tend to move slowly in the US gambling industry. It can sometimes take years for states to get their casinos operational after legalizing these venues. No one really knows when the casino-resorts in Virginia will begin opening their doors to the public.

Fortunately, there are some fantastic online casinos in Virginia available right now! Most of them are great, offering a huge range of different games and safe payment options. Our experts have reviewed most of the ones operating in the state right now.

We love Bovada Casino. This website launched back in 2011 and has become one of the most popular internet casino gaming platforms in the country. It provides all of the most popular casino games you’d expect including slots, table games, and poker.

Bovada also features an incredible live dealer casino section. This makes it feel as if you’re playing inside an actual land-based casino with a dealer connected via video stream. Check this site out today!

We’ll see the new casino in Northern Virginia open its doors early next month. It will be interesting to see how popular this new venue becomes in 2021.

Are you excited to see Virginia’s gambling industry expand? Let us know in the comments section below!

The Casino Plans in Kapolei Have Just Been Approved!

Hawaii

For decades, lawmakers in Hawaii have been pushing hard to get a casino-resort approved in the state. Despite their best efforts, the state has continued to push against any expanded gambling plans. This week, however, the Hawaiian Homes Commission finally approved new casino plans in Kapolei!

This is exciting news for those supporting Hawaii to embrace casinos. It doesn’t immediately allow for construction on a casino-resort to begin, though. Today, we’ll talk about what this latest development means for the casino industry in this state.

Let’s get into it!

More States Crack Down on Land-Based Casino Industries

It’s difficult to explain how much the US casino industry has been damaged this year. Prior to 2020, this industry was thriving with many new casinos appearing around the country. Beginning in March, however, things took a huge turn.

It was this month that every single casino around the country closed down its doors. It took months before any of these casinos reopened to the public. Now, nine months later, many casinos around the country are shutting down once again.

This is state-ordered in many parts of the country. Illinois, for example, recently forced all of its commercial casinos to temporarily close their doors. It’s a big turn when considering this state approved a measure to expand its casino industry just a year ago.

Pennsylvania has been forcing casinos to shut down again, too. This state is faring better than some of the other ones, though. Pennsylvania regulates online gambling and internet sports betting, helping to bring in some much-needed revenue right now.

Massachusetts is the latest state to implement more intense regulations towards casinos. Governor Charlie Baker has just ordered casinos to lower their total capacity to just 25%. This is expected to damage the already-struggling casino industry here.

Hawaii has always prohibited land-based casinos. That could soon change, though. New reports claim that a measure to allow a casino-resort in Kapolei has just been approved.

Hawaiian House Commission Approves New Casino Plans in Kapolei

There’s been a major push to get casinos up and running in Hawaii for many years. To the disappointment of many gambling fans, these efforts have all failed. Things may finally be coming together towards the end of 2020, though.

The Department of Hawaiian Home Lands presented a plan to open a casino-resort in Kapolei earlier this year. This week, the Hawaiian House Commission formally approved the new casino plans in Kapolei. This vote was passed in the department by a 5-4 margin.

This is a huge moment for the state’s gambling industry. This measure will now make its way to the Department of the Attorney General. Approval here will move the measure to the Department of Budget & Finance.

In the end, Governor Ige will need to decide on whether or not to include this measure in his upcoming legislative packet. There’s clearly still a long way for these plans to go. It’s still the closest that the state has ever come to legalizing a major casino-resort.

If all goes according to plan, a new Hawaii Gaming Commission will also be formed. The measure even details the way to obtain a gaming license, and discusses the fees and criteria for obtaining a casino license here.

Casino fans have reason to celebrate. Many believe that a casino could help to significantly boost tourism rates throughout the state. We’ll continue offering updates on this situation over the next couple of months!

Online Casino Gambling Options Available in Hawaii

The push to allow land-based casinos in Hawaii has been raging for many years. All of these efforts have failed, though. The recent approval of casino plans in Kapolei is the first major step forward for this industry in decades.

That doesn’t mean casino gambling is impossible here, though. There are many great online casinos available in Hawaii. These aren’t directly regulated by the state, yet most are extremely safe and offer their members a wide range of fantastic games.

One of the most popular sites is Bovada. This site launched back in 2011 and has quickly become one of the most trusted gambling websites in the country. Fans of table games, in particular, will love this site.

Many hope that internet casinos in Hawaii will become state-regulated sometime in the near future. Many states are earning a huge amount of money from this industry right now. First, though, it seems likely that the state will need to approve land-based casinos.

If all goes according to plan, we could see a major casino-resort open its doors in Kapolei in the future. A lot can happen in just a few years.

Do you think we’ll see a casino-resort open in Hawaii sometime soon? Let us know in the comments section below!

MA’s Casino Rules Are Getting Stricter Once Again

Governor Charlie Baker

Massachusetts is home to some fantastic commercial casinos. As most already know, these casinos have seen large drops in revenue and visitation rates this year. Unfortunately, MA’s casino rules are becoming stricter once again and a complete shutdown could be on the horizon.

All US casinos have been suffering throughout 2020. This industry could be facing its toughest test to date over the next few months. Today, we’ll be talking about what new rules are being implemented in Massachusetts.

Let’s check it out.

Casino Revenue Continues to Plummet in November

For decades, lawmakers in the state of Massachusetts were against the legalization of casino gambling. Gambling proponents were working hard to allow commercial casinos, yet these efforts continued to fail. Finally, in 2011, a law was passed to allow casinos in the state.

It didn’t take long for major casino companies to express interest in operating here. MGM Resorts International and Wynn Resorts both secured licenses to open casinos in MA. Now, MGM Springfield and Encore Boston Harbor are two of the biggest casinos in this state.

2020 has been an extremely difficult year for these casinos. They’ve both seen massive revenue drops almost every single month. November proved to be a particularly rough month for the state’s casino industry. .

Recently, reports surfaced that claimed the casinos here earned just $45 million in November. That was a huge drop from the $69 million seen in October. It proved to be the worst-ever month for MGM Springfield in terms of revenue.

Many believe that December will end up being an even worse month. Massachusetts has been implementing more intense restrictions lately. Very few residents here are choosing to visit and gamble inside a crowded casino.

Many analysts expected to see more intense regulations be placed towards casinos. We’re now beginning to hear about these new rules being set in place.

Here’s an Update on MA’s Casino Rules

It’s been tough to see the casino industry in Massachusetts take so many hits this year. Prior to 2020, this state had one of the fastest-growing gaming industries in the country. Now, some fear the casinos here could be forced to permanently shut down.

Lawmakers now feel that more rules need to be set in place. Officials here announced a new set of regulations towards businesses this week. As you might expect, MA’s casino rules are getting more intense and will likely result in even larger drops in revenue.

Moving forward, casinos in this state must be limited to just 25% capacity. This will be set in place for at least two weeks. Governor Charlie Baker claims this is necessary to protect the state’s hospital system.

“Our hospitals are now under significant pressure and we’re heading toward another period over this holiday stretch where we’re likely to see another significant increase in cases and hospitalizations unless everybody plays a very different game than the one we all played at Thanksgiving,” Baker said. “We think it’s appropriate to take action now to slow that spread and we must do so in a way that can avoid overrunning our hospital system.” 

This seems to be the last step before completely shutting down casinos. Obviously, it will be extremely difficult for the gambling venues here to generate revenue at just 25% capacity. In the end, however, the owners seem happy to be able to keep operations running at all.

Governor Baker claims that more intense regulations could still be on the way. If another spike in Covid-19 cases is seen after the holidays, it seems highly likely that we’ll see casinos close their doors again. Stay tuned for updates!

Pennsylvania’s Casino Industry Remains Shut Down

Massachusetts isn’t the only state seeing its casino industry take a hit recently. On December 12, lawmakers in Pennsylvania ordered all commercial casinos to officially close their doors. This was done in an attempt to lessen the number of hospitalizations in the state.

It’s been nearly two weeks and all of the casinos in PA remain closed to the public. It’s an extremely difficult situation for the huge number of gambling venues here. Many of these casinos were seeing low revenue figures prior to the shutdowns.

The current plan is for casinos to begin reopening on January 4. If Covid-19 cases continue to increase, this date will be pushed back.

Fortunately, Pennsylvania is benefiting from its online gambling industry. Both online casino gambling and sports betting are regulated in this state. Many of the casino companies based here are seeing much-needed money come in from these online gambling platforms.

MA’s casino rules could begin looking like Pennsylvania’s soon. There’s even a chance that the country’s biggest casino hubs such as Las Vegas could order another round of shutdowns sometime in the future. The next few weeks will tell a lot about how things will look next year.

Do you think Massachusetts’ casinos should be ordered to shut down? When do you expect the US casino industry to recover? Let us know in the comments section below!

MA’s Casino Revenue Drops Considerably in November

MGM Springfield

Massachusetts is home to a growing casino industry. Unfortunately, the events that have unfolded throughout 2020 have slowed much of the progress that the casino industry has made here. New reports claim that MA’s casino revenue dropped by a large percentage once again during the month of November.

Some of the country’s largest casino companies are now operating in Massachusetts. They are certainly feeling the effects of the state’s revenue drops. Today, we’re going to discuss exactly how much money the casino industry here lost last month.

Let’s get into it!

More States Order Commercial Casinos to Shut Down

Massachusetts is far from the only state to see its casino industry hurt this year. Over the past nine months, just about every single state around the country has seen massive drops in gambling revenue. Unfortunately, things seem to be getting worse before they get better.

Nevada, which relies heavily on its casino industry, saw its casinos shut their doors to the public back in March. Governor Sisolak began allowing casinos to reopen their doors in June. Since that time, these casinos have struggled to bring in players.

Sisolak hasn’t gone as far as to order another mass casino shutdown. He understands this would be devastating to the state and particularly the city of Las Vegas. The lack of tourists has led several casino-resorts to close down during certain days of the week on their own.

Illinois’s lawmakers recently ordered their commercial casinos to close their doors. It’s a shame, as this state is currently working hard to expand its gambling industry. Officials in Pennsylvania also recently ordered all of the state’s commercial gaming venues to shut down, as well.

This could become more common over the next few weeks. Cases of Covid-19 have been rising steadily around the US. It seems likely that casinos, known for packing large numbers of people into a small area, will be ordered to temporarily stop accepting players.

It’s an extremely difficult time for this industry. New reports have just come out that shed light on how much money the gaming venues in Massachusetts lost in November.

Here’s Where MA’s Casino Revenue Stands for the Month of November

As we mentioned earlier, the state of Massachusetts is beginning to develop a large and successful casino industry. It’s been interesting to see how fast this market has grown here. Unfortunately, the casinos in MA have seen things completely turn around in 2020.

Gaming revenue has dropped here every single month this year. November has proven to be one of the worst yet for the casinos in this state. The Massachusetts gambling commission has finally released reports on MA’s casino revenue that shows how bad things ended up last month.

According to these reports, the three casinos in this state earned just $45 million during November. That is down considerably from the $69 million brought in last October. Some of these casinos managed to fare better than others.

MGM Springfield reported its worst-ever month since opening. This MGM Resorts-run gambling venue saw just $10.5 million in revenue. That’s even lower than the $10.7 million earned in July when this venue wasn’t even open for an entire month.

The Encore Boston Harbor fared slightly better, with $11.8 million in revenue. Plainridge saw a drop to $7.6 million in GGR. It’s now clear that November will go down as one of the worst months in history for Massachusetts’ casino industry.

To make things worse, some analysts predict that MA’s casino revenue could drop further in December. We’ll be sure to offer updates on next month’s reports as soon as they come out.

Is 2021 the Year Massachusetts Legalizes Sports Betting?

The US Supreme Court made the historic decision to strike down PASPA back in May of 2018. This was one of the biggest moves ever for the country’s gambling industry. It immediately gave every single state the ability to legalize sports gambling.

Since that time, 26 states have chosen to embrace this industry. Some only allow sports wagers to be placed in-person at a licensed sportsbook. Others now regulate both online and land-based sports betting.

The latter states are profiting considerably more. Online sports betting has surged throughout 2020. Several states, including New Jersey, have seen record sports betting handle figures throughout the year.

Unfortunately, Massachusetts failed to approve any sports betting bills this year. It was a major disappointment for proponents of this industry, many of whom felt it would help to bring the state major revenue earnings each month. The massive number of sports fans here also expressed disappointment at the state’s inability to legalize this form of gambling.

Hope is that 2021 is the year Massachusetts’ sports betting industry finally goes live. This could help to make up for the money that casinos have lost throughout 2020. Stay tuned for updates on this situation over the next couple of months.

Are you surprised to see MA’s casino revenue drop once again in November? Where do you expect things to stand in October? Let us know in the comments section below!

AC Casino Revenue Plummets in November

Atlantic City Casinos

Atlantic City is doing everything it can to attract new gamblers right now. It hasn’t been easy, particularly with the intense regulations set in place by New Jersey state officials. This week, reports on AC casino revenue for the month of November were released.

As many predicted, the casinos here saw a major dip in revenue. It’s an unfortunate trend that could continue for months. Today, we’ll talk about exactly how much money the casinos in Atlantic City managed to bring in last month.

Let’s get into it!

New Jersey Officials Warn Of Upcoming Shutdowns

The state of New Jersey was hit extremely hard early on in the pandemic. This was one of the first states to implement intense shutdown measures. As the summer continued, these regulations began to loosen and many businesses opened their doors again.

Infection rates have begun to skyrocket here in recent months. As a result, Governor Phil Murphy announced a new set of regulations throughout the state. It took a major toll on businesses, yet another mass shutdown like the one seen back in March was not ordered.

That could change soon. Cases have continued to climb and state officials are now warning that shutdowns could be just around the corner. Murphy has indicated that this could take place shortly after the holidays.

This will make things extremely difficult for the casinos in Atlantic City. As many are aware, these gambling venues have struggled to bring in players throughout 2020. Another major shutdown could prove to be devastating for this industry.

Unfortunately, this seems more likely than ever. Casino companies in the state are now gearing up to close their doors once again. Hope is that the state finds a way to compensate these casinos for their trouble.

Even without a full shutdown, this industry is hurting. We’re beginning to hear how much money the casinos in Atlantic City brought in during November.

November’s AC Casino Revenue Drops Once Again

Throughout 2020, Atlantic City’s casino industry has seen massive revenue drops. Things began to improve as summer progressed, yet seems to be falling apart throughout the fall months. Many felt that November would see a large drop in revenue.

These predictions ended up being correct. New reports claim that AC casino revenue for the month of November dropped by 10%. The nine casinos in this city managed to bring in $260.86 million last month, down considerably from the $288.6 million in November of 2019.

Jane Bokunewicz, a prominent gaming analyst at Stockton University, offered some insight into what led to this major revenue decline to the media.

“Land-based gaming had gained ground in September and October. But, the start of a ‘second wave’ of COVID-19, followed by N.J. Executive Order 194, which, effective Nov. 12, required indoor food and beverage options to close between 10 p.m. and 5 a.m., likely contributed to the decline in November,” she said. “A much-needed holiday bump from Thanksgiving weekend, usually a busy time for casinos, was limited this year by travel restrictions between states and stern warnings about family gatherings.”

It’s not all doom and gloom, though. To the surprise of some, New Jersey’s sports betting revenue saw another monthly handle record at $931.6 million. The state’s online sports betting industry has proven to be hugely lucrative throughout the year.

The online gambling platforms in Atlantic City have helped to bring in some much-needed revenue. Of course, things are still far from perfect here. Many now fear that December could end up being an even worse month than the previous three.

We’ll continue offering updates on AC casino revenue throughout the winter!

Harrah’s Atlantic City is Set to Reopen Poker Tables

As we already mentioned, all of the casinos in Atlantic City have been working hard to bring in players this year. It hasn’t been easy, though, as many casinos have been forced to halt offering their most popular games. That includes Harrah’s Atlantic City, which shut down its live poker games back in March.

New reports claim that Harrah’s Atlantic City is set to begin offering its poker gambling options soon! The World Series of Poker-branded room here will officially begin accepting guests again on December 26. This will make Harrah’s the second casino in Atlantic City to resume its live poker gaming options this year.

This room is expected to remain open every day from noon to 4 am. Some fear that the proposed casino shutdowns by Governor Murphy could throw a wrench in these plans, though.

Officials within Harrah’s are trying to make things as safe as possible. Poker tables will be limited to just eight players. Polycarbonate dividers will also be installed at the tables to separate players.

We’ve seen AC casino revenue plummet in recent months. Things could continue to get worse throughout early 2021. That isn’t stopping casino operators like Harrah’s from trying to bring in new players right now.

Are you surprised to see casino revenue drop again in Atlantic City? When do you expect things to turn around here? 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!