Don’t Expect to See a New Casino in Doral Anytime Soon

Downtown Doral Florida

For months, officials have been weighing the pros and cons of opening new casino-resorts throughout Florida. Much of the discussion centered on Doral, Florida. New reports indicate that gambling fans won’t see a new casino in Doral anytime soon.

This city has just agreed to prohibit gambling. This comes as a response to the Trump Organization planning to open a casino-resort here. Now is a great time to talk about how gaming regulations in Florida may change in the near future.

Let’s get into it!

Florida’s Sports Betting Plans Continue to Face Issues

Since May of 2018, every state in the country has been able to legalize and regulate sports betting. This is due to the US Supreme Court’s decision to strike down PASPA. Today, more than half the country has approved sports gambling legislation.

For many states, this form of gambling is too lucrative to ignore. Most of the states with a sports betting industry up and running are earning a huge amount of revenue each month. Those with regulated online sports betting platforms, in particular, are cashing out.

Lawmakers in Florida have been taking a close look at this industry for years. Some state officials believe it will help to bring the state some much-need money. Others worry it could contribute to gambling addiction and other societal issues.

Much of the issue also had to do with the state’s agreement with the Seminole Tribe. As of now, this tribe holds somewhat of a monopoly over Florida’s gambling industry. Governor Ron DeSantis eventually signed a bill that would allow the Seminole Tribe to offer sports betting beginning this October, as well as increase their casino gaming options.

Not everyone is happy to see this happen. Many lawmakers in the state still push against the idea of expanding the state’s gambling industry. As of now, the measures to allow sports gambling in the state have not been formally approved.

In recent months, officials have been discussing the idea of opening a new casino in the city of Doral. It now appears this will not be taking place anytime soon.

The Plans to Open a New Casino in Doral Have Been Shut Down

It’s clear that Florida is torn on whether or not to expand its gaming industry. The state wants the revenue from this industry, yet seems unwilling to come up with the agreements necessary to allow for expansion. Different parts of the state seem to have different opinions on this topic.

The Trump Organization has been pushing to open a major casino-resort in the city of Doral for months. It’s here that the company’s “Trump National Doral Miami” resort is located. Officials within the company have been pushing the idea that a casino here will help to boost tourism and bring in much-needed revenue. Eric Trump spoke about the benefits to the media earlier this year.

“Many people consider Trump Doral to be unmatched from a gaming perspective — at 700 acres, properties just don’t exist of that size and quality in South Florida, let alone in the heart of Miami,” Trump said.

It now appears that Doral isn’t interested. News broke this week that the city of Doral officially banned gambling and casinos. Many believe this is in direct response to the Trump Organization’s plans to open a casino-resort here.

The push to open a new casino in Doral isn’t completely dead, though. Moving forward, companies looking to open a gaming venue here will need to receive formal approval from residents in a referendum. Officials within Doral claim this measure was set in place to ensure the public had a say in what is built.

There is still a chance that a casino is built here in the future. Don’t expect to see one built here anytime soon, though. Fortunately, the country’s biggest casino hubs are now seeing major surges in tourism and revenue!

Tourism Rates Have Begun to Surge in Las Vegas

This summer is shaping up to be one for the ages in Las Vegas. Nearly all of the restrictions set in place here last year have now been lifted. That includes the requirements for individuals to wear masks inside the city’s casino-resorts.

With these restrictions gone, tourism rates into the city are ramping up. Most of the casinos are seeing massive increases in their bookings. June, July, and August should prove to be some of the most successful months in history for these properties.

The opening of new gambling properties should help the city’s tourism industry, too. A huge amount of hype has been placed on Resorts World Las Vegas lately. At $4.3 billion, this is the most expensive casino-resort ever built in the city of Las Vegas.

Some exciting events are being planned to take place in this city over the next few months. This weekend, for example, the brand-new Virgin Hotel-Casino is hosting one of the biggest parties in the city this year! The multi-day event is taking place now and ends this Sunday evening.

All analysts expect to see tourism figures ramp up throughout the summer. This will result in a major boost in gaming revenue, too. The land-based casino industry is thriving right now and should continue to succeed as the year goes on.

Do you think we’ll see a new casino in Doral open in the future? When do you expect Florida to launch its sports betting industry? Let us know in the comments section below.

Health Rules at MA Casinos May be About to Change

MGM Springfield

For more than a year, the casino industry in Massachusetts has been under intense pressure from health officials. All of the gambling venues in the state have been implementing different regulations to keep their patrons and employees safe. New reports indicate the health rules at MA casinos could soon change in a big way. 

State officials will soon meet to discuss the rules set in place here. It seems likely that some of the regulations here are about to be lifted. 

Here’s what you need to know! 

Gaming Revenue in MA is Surging Throughout 2021 

Massachusetts is home to a fairly small casino industry. For decades, lawmakers here prohibited any traditional casinos to operate in the state. Finally, in 2011, a law was passed to allow commercial casinos to begin operating in the state. 

Some of the most powerful gaming companies in American immediately expressed a desire to open casinos here. MGM Resorts and Wynn Resorts were eventually granted licenses. These companies quickly started coming up with plans to open their properties. 

In 2018, MGM Springfield opened its doors to the public. This was the first major commercial casino in the state. A huge number of people immediately flocked to this property. The Encore Boston Harbor then opened in 2019 and captured a huge share of the state’s gambling market. 

Last year proved to be the worst year in history for the entire US gambling industry. Fortunately, 2021 has been significantly more successful. Last April, the casinos here once again saw a jump in their overall revenue figures

MGM Springfield managed to bring in $21.93 million in GGR last month. The Encore Boston Harbor saw a total revenue figure of $50.18. Overall, the casino industry in the state took in $84.63 in gross gaming revenue. 

This is impressive when considering many of the health regulations set in place in Massachusetts. Interestingly, these rules may be about to change! 

Officials are Meeting to Discuss the Health Rules at MA Casinos 

It’s been great to see gambling revenue numbers increase in Massachusetts lately. The state has invested a tremendous amount of time and money to get its casino industry up and running. The events that unfolded in 2020 undid much of the progress that was made. 

Things are improving rapidly. That may come as a surprise when considering many of the intense health regulations set in place. Even today, the casinos in Massachusetts still require a host of different rules for their patrons and employees. 

On May 26, a group of state gaming regulators will meet to discuss the current health rules at MA casinos. The goal of this meeting is to decide when to begin lifting the restrictions set in place here. It comes as the state’s infection rate continues to drop. Representatives from the state’s commercial casinos will also attend this meeting. 

Bruce Band, assistant director of the commission’s Investigations and Enforcement Bureau, spoke about this situation to the media this week. 

“The casinos, over the last 14 months, have been nothing but cooperative,” he said. “They’ve done everything we’ve asked pretty much and have certainly reached out when they had any questions at all to get it clarified.”

It now seems that the state feels it’s time to begin rolling back restrictions. This comes shortly after the CDC announced that masks are no longer necessary for vaccinated individuals in most situations. It seems likely that the rules at casinos in Massachusetts will soon loosen. 

This is likely to help boost gaming revenue here even further. We’ll be sure to offer updates on this situation over the next few weeks!

Las Vegas Casinos Report Surge of Bookings

Las Vegas is still the country’s biggest and most successful casino industry. It’s here that many of the world’s best casino-resorts are located. Like all other gaming hubs, Las Vegas took a massive economic blow throughout 2020. 

2021 is already a much better year for the gambling industry here. Most of the gambling venues here are now operating at 100% capacity. Recently, Governor Sisolak gave the green light for gaming properties here to remove their mask mandate, as well. 

Most of the casino-resorts here are now reporting a major surge of bookings. Memorial Day weekend is just around the corner. It’s expected to be one of the busiest weekends for the city of Las Vegas in recent history. 

This summer is also expected to bring a massive surge of tourism into Las Vegas. Many of the health regulations set in place here are expected to be removed by June. An influx of tourists will head to the city to enjoy the gambling and entertainment options. 

The opening of Resorts World Las Vegas may also bring a surge of visitors to the city. This is the most expensive property ever built in Las Vegas. It’s slated to open on June 24 and will likely be a truly state-of-the-art venue. 

Do you think it’s time for health rules at MA casinos to be removed? Let us know in the comments section below!

Florida’s Sports Betting Industry is About to Launch

Ron DeSantis

Since May of 2018, the US sports betting industry has been steadily growing. More than half the country has now approved sports gambling legislation. Based on new developments, it seems likely that Florida’s sports betting industry is about to launch.

This is extremely exciting news for sports fans in this state. A regulated sports betting industry will likely bring Florida a massive amount of revenue each month. Today, we’ll talk about what still needs to be done for any sportsbooks to launch here.

Let’s get into it!

US Sports Betting Revenue Continues to Increase Throughout 2021

Prior to 2018, the only state in the country legally able to provide sports betting options was Nevada. A huge number of individuals around the country would flock to this state to make wagers on their favorite teams and players. In May of 2018, things took a complete turn.

It was that year that the US Supreme Court decided to strike down PASPA. This move instantly allowed every state in the country to set its own laws on sports gambling. It didn’t take long for different areas of the country to embrace this new form of gambling.

Places like New Jersey and Delaware almost immediately launched their sports betting industries. This proved to be a fantastic decision. They almost immediately began seeing massive revenue surges from this industry.

2021 is proving to be a hugely successful year for the US sports betting industry. Many states have been reporting big revenue increases each month. Revenue reports for April have recently begun to surface and some states are faring better than others.

Pennsylvania fared much better than some of its neighbors by bringing in $36 million in sports betting revenue. New Jersey brought in $54.8 million, representing a slight drop from the month prior. It was not quite as successful a month for the industry as others this year.

More states are now working hard to launch their sports betting industries. It seems that Florida is about to launch its sports gambling platforms!

Here’s What is Happening With Florida’s Sports Betting Industry

More states around the country have been seeing the massive revenue flowing in from the sports betting industry. For some, this money is becoming too much to ignore. A growing number of lawmakers are presenting bills to regulate their state sports gambling industry.

That includes lawmakers in Florida. For years, officials in the state have been negotiating the Seminole Tribe over ways to successfully launch sports betting options here. It now appears that a major breakthrough has just been achieved.

News has broken that Florida has formally approved online sports betting to launch in the state. This took place after the state’s legislative session. An agreement was finally made with the Seminole Tribe here to get this industry off the ground.

Governor DeSantis was instrumental in getting things approved here. It took a huge amount of lobbying from him and other leaders in the state. Ultimately, these leaders believe that this industry will benefit Florida in the long run.

This doesn’t mean that sports betting will immediately become available here, though. Several steps are still needed for the state to launch its sportsbooks. Sports fans here will need to wait a little longer to make wagers on their favorite games.

Some are now trying to figure out exactly when sportsbooks here will launch. Here’s what you need to know.

When Will Sportsbooks Finally Go Live in Florida?

Obviously, a huge number of residents in Florida are excited to hear that sports betting has finally been approved here. It will take some time for any sportsbooks to launch here, though. There are some key steps needed to get the industry on its feet.

Federal regulators will need to approve this deal. The group will need to agree to expand the Seminole Tribe’s monopoly over the gambling industry. These regulators will have 45 days to approve the measure.

Most feel the US Department of Interior will agree to this new measure. Florida will now join dozens of other states with a regulated sports betting industry set in place. Not everyone is excited to see this happening, though. Rep. Joe Geller, D-Aventura expressed his disappointment to the media this week.

“I don’t know if I’m more brokenhearted for my friends on the other side of the aisle that had to fall into line because you had to, and I’m sorry for you,’’ he said. “Or if I’m more brokenhearted for members on my side of the aisle who came up with every reason in the world to not stand together and make a point.”

If all goes according to plan, the state’s online sportsbooks will become available on October 15. Players will need to be 21 and up to join these internet sportsbooks. We’ll be sure to offer more updates on this situation over the next few months!

Are you excited to hear that Florida’s sports betting industry has been approved? Let us know in the comments section below!

More State Residents Push to Allow Legal Casinos in Texas

Texas State Flag

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

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

Let’s get into it!

Las Vegas Sands Continues Pushing Into Texas

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

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

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

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

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

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

Majority of Residents Support Allowing Legal Casinos in Texas

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

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

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

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

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

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

Las Vegas May Bounce Back This Summer

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

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

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

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

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

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

Live Sports in Las Vegas Can Help the City Recover

Allegiant Stadium Las Vegas

The city of Las Vegas is known for being one of the biggest tourism hubs in the United States. Unfortunately, visitation rates have been low here since March of 2020. Some analysts now believe that allowing live sports in Las Vegas can help the city to recover.

There are many hoping to see Las Vegas bounce back in 2021. The casino companies here continue to see low revenue figures. Today, we’ll talk about how the allowance of more sports could help things here.

Let’s get into it!

Signs of Recovery Are Appearing in Las Vegas

The world’s land-based casino industry changed forever in 2020. Early on in the year, all of the casinos across the United States were ordered to shut down. It took months for states to begin allowing their gambling venues to operate again.

Nevada is known for having one of the world’s biggest casino industries. As a result of the mass casino shutdowns, cities like Las Vegas immediately started suffering immensely. Las Vegas would eventually become the hardest-hit city from an economic standpoint due to the events that unfolded throughout 2020.

Even after the casinos reopened, casino revenue in the city remained extremely low. Tourism was almost non-existent for months and casinos were forced to abide by intense health and safety regulations. There are clear signs that things are now recovering, though.

January’s revenue figures increased in a big way when compared to December. The casinos on the Las Vegas Strip brought in a combined $321.5 million in revenue during January. That’s a fairly large jump in monthly revenue, but still represents a 43.8% drop in year-on-year earnings.

Tourism numbers seem to be increasing here, as well. Infection rates are dropping and many of the casinos in the city are increasing their operating hours. Some experts believe that this summer will help to bring a huge amount of money into the city.

A full recovery will take time. Many here are now looking for ways to expedite this process.

Here’s How Live Sports in Las Vegas Will Help the City in 2021

Just a decade ago, Las Vegas was never thought of as a sports town. This was a casino hub all the way and many felt a major professional sports franchise would never make its way to the city. Times have certainly changed.

Today, Las Vegas is home to both an NFL and NHL team. The city has gone in-all on its sports industry and it seems to have paid off in a big way. We still have yet to truly see the impact that the Raiders will have on Las Vegas due to the restrictions set in place since 2020.

Many analysts now believe that live sports in Las Vegas are a necessity for the city to recover. If the new Allegiant Stadium is able to begin allowing fans to games it will help to significantly boost tourism in the city when the 2021/2022 NFL season kicks off. There is an even bigger demand to see games here live now that the stadium has been off-limits for so long.

A bigger emphasis on sports betting could also help to boost tourism in the city. Since May of 2018, the US sports betting industry has been steadily growing. Las Vegas recognizes the new popularity of this industry and many new sportsbooks are beginning to open their doors here.

More interactive sports betting platforms could help to bring in visitors from around the country. Derek Stevens, owner of the Circa Casino-Resort in Downtown Las Vegas, recognizes this fact.

“The pie is growing so much nationally there’s room for us. The growth of sports betting nationally helps us and it helps Las Vegas,” he said during a recent interview.

It seems highly likely that we will see more live sports in Las Vegas in the near future. We’ll be sure to report on how this affects tourism over the next few months!

Sports Betting Revenue Continues to Increase Around the US

More than half of the United States has now approved legislation to allow sports betting. That’s an amazing statistic to see when considering it has only been available since 2018. There is clearly a huge market for this new form of gambling.

Sports betting is becoming more profitable for states every single year. New Jersey seems to have the biggest and most lucrative sports betting industry in the country. The state has set new handle records throughout the past twelve months.

Pennsylvania is also seeing massive revenue earnings from its sports gambling operations. This state is beginning to compete with states like New Jersey in terms of revenue. Most expect these revenue earnings to increase throughout 2021.

Even New York is looking more into the expansion of its sports gambling operations. As of now, only land-based sportsbooks are operating in the state. There are now many lawmakers pushing to allow internet sports gambling here.

Nevada remains the top overall gambling hub in the US. Hopefully, we will see more live sports in Las Vegas becoming available in a safe way soon. That could help to finally get the city back to the tourism levels seen in 2019.

Do you think Las Vegas could use more sports? When do you expect tourism levels to return to normal here? Let us know in the comments section below!

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!