Andrew Yang Supports New York City Casino Plans

Andrew Yang

For years, several officials in New York have been pushing to open a new casino-resort in New York City. This idea is now beginning to gain attention from powerful individuals in the state. That includes Andrew Yang. New reports claim that Yang now supports the New York City casino plans.

It’s exciting news for gambling proponents in this state. Some, however, feel this isn’t the right time to discuss opening a casino in the city. Today, we’ll talk about what exactly might be coming to New York City in the future.

Let’s get into it!

New York’s Casinos Are Continuing to Struggle

For many years, New York was known as one of the most anti-gambling states in the country. Lawmakers here began cracking down on this industry decades ago due to its connection with crime groups. Some felt that we’d never see a booming casino industry here.

Eventually, the state began allowing Native American-run casinos to begin operating in the state. These grew extremely popular with residents and revenue started to increase. In 2013, officials in New York decided to pass a bill to allow commercial casinos in the state.

This was a huge moment for the country’s gambling industry. It became clear that New York saw the upside in gambling. Several commercial casinos have since opened in the state, mostly in the Upstate area.

2020 proved to be a devastating year for New York’s casino industry. In March, all of the casinos here were forced to shut down. They reopened over the summer, yet all of the casinos in the state have seen extremely low revenue figures since that time. Some are at risk of a permanent shutdown.

New York isn’t alone in this situation. All major casino destinations around the US are seeing extremely low revenue figures right now. It’s a complicated issue that even the top gaming experts are having a difficult time solving.

Could opening a casino-resort in New York City help things? Some certainly think so. That includes one man currently pushing to become mayor of NYC.

More Show Support for New York City Casino Plans

It’s clear that New York has changed its stance on gambling over the past few years. Interestingly, nearly all of the casinos in this state are located in the Upstate area. Many state leaders have been hesitant to allow any casinos in New York City.

Some now feel this is the time to make a change. We’ve seen several states open major casino-resorts lately. Prior to 2020, these venues were proving to be hugely successful. Even Chicago has recently approved a measure to open a new casino-resort.

This week, NYC Mayor-hopeful Andrew Yang gave his opinion on this situation. He addresses the fact that casinos can bring a variety of issues. Ultimately, however, he supports the New York City casino plans due to the massive revenue potential.

“We need big ideas,” Yang tweeted this week. “There are many downsides of casinos but the upside is $700m+ recurring annually largely from tourists now going to CT and NJ. That’s money for teachers, hospitals and other services. We should be trying to grow revenue where possible.”

Yang certainly has a point. Many gambling fans based in New York City are heading to neighboring states to play their favorite casino games. Opening a gambling venue in the city would help to keep this money inside the state.

It will be interesting to see if these plans move forward over the next few years. Many feel that Andrew Yang will end up becoming the next Mayor of NYC. Perhaps he will push these casino plans forward. Stay tuned for updates!

Will New York Approve Mobile Sports Betting This Year?

The casino industry in New York is growing at a steady pace. Prior to 2020, this industry was helping to bring the state valuable revenue in the form of taxes. Hope is that casinos here begin seeing pre-pandemic levels of revenue over the next few months.

As many know, New York also legalized sports betting years ago. Unfortunately, only land-based sports wagers are available here. It’s unusual, as online sports betting has proven to be a far more lucrative industry.

Many are now calling for mobile gambling to finally be approved in 2021. There are several bills to start regulating this form of gambling moving through the legislative process. Many believe lawmakers will give online sports betting the green light this year.

That will be bad news for New Jersey. This state has seen massive revenue figures from its online sports gambling industry over the past twelve months. Many sports fans in New York make the move into New Jersey’s borders in order to place online sports wagers.

If New York’s online sports betting industry goes live, this money will stay inside the state. It’s a similar thought process to the New York City casino plans. Officials in the state are tired of seeing money go into other parts of the country.

Do you think a casino should open in New York City? Would this be successful? 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!

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!

Here’s What We Know About Philadelphia’s Newest Casino!

New Philadelphia Casino

Pennsylvania is now home to one of the largest gambling industries in the United States. Here, a huge number of world-class casinos are currently up and running. Today, we’re going to talk about the details surrounding Philadelphia’s newest casino.

Many were surprised to see this gambling venue opening its doors. It comes at a difficult time for the entire US gambling industry. Hope is that this property helps to boost gaming revenue in the state of Pennsylvania.

Let’s get into it!

Pennsylvania’s Gambling Industry Continues to Expand

Just a couple of decades ago, Nevada was thought to be one of the only major gambling hubs in the United States. Things have changed in a big way since that time. Today, nearly every state in the country has at least some kind of gambling industry up and running.

Pennsylvania has recently begun to expand its number of gaming options. Perhaps the biggest move came after the US Supreme Court struck down PASPA in May of 2018. Immediately after this decision, Pennsylvania formally legalized sports betting.

Here, both land-based and online sports betting is available. This industry is now helping to bring the state of Pennsylvania an incredible amount of money every single month. More of the world’s biggest sports betting companies are now working hard to break into the state’s market.

The casino industry here has been expanding recently, too. There are now 14 traditional casinos operating in the state. Pennsylvania also operates a huge number of popular mini-casinos. More are slated to open their doors over the next few years.

2020 proved to be an extremely difficult year for the casino industry in Pennsylvania. Of course, gambling companies benefited from the ability to offer casino games online. Hopefully, 2021 proves to be a more successful year for the industry.

For years, news has been surfacing about a new gambling venue opening its doors in the city of Pennsylvania. This week, this casino will finally open to the public.

Looking at the Details of Philadelphia’s Newest Casino

Prior to 2020, gambling revenue in Pennsylvania was rising steadily. The casinos here were proving to be hugely successful and many companies were pushing to open new properties here. Many of these companies have wanted to open one of these venues in the city of Philadelphia.

That includes Cordish Gaming, one of the largest gambling companies on the East Coast. Cordish Gaming owns and operates several popular casinos around this area of the country. Recently, this company has been constructing the Live! Casino and Hotel Philadelphia.

On Saturday, this exciting new property is finally set to open its doors. This $700 million casino is located in Philadelphia’s Stadium District and will hold several open sessions for those making reservations. It’s a sort of test for the owners to see how the casino operates.

Beginning on February 11, this property will officially open to the public. Reservations will not be needed at that time. That gives residents in the city the option to play any of the casino’s 2,100 slot machines and 121 table games.

Joseph Weinberg, chief executive officer of Cordish Gaming, spoke about his excitement in opening this property this week. He claims it will help to significantly boost gaming revenue throughout the state.

“We have the ability to not only attract people from Pennsylvania and New Jersey but from a much wider market area,” Weinberg said. “This is the only place in the country where you have a major resort casino and four major-league sports teams all in one location, so we think this will really attract people from all over the country to come for sports entertainment and gaming.”

Obviously, there are intense safety regulations set inside this casino. Many hope that with effective vaccine distribution, the casinos here will see their visitation rates increase. Stay tuned for more revenue updates over the next few months.

New Jersey Looks to Increase Casino Revenue This Year

Pennsylvania is now known for having a large, successful casino industry. It pales in comparison to the one over in New Jersey, though. Atlantic City is home to some of the country’s biggest casino-resorts.

Like all other major casino hubs, Atlantic City struggled immensely in 2020. Tourism rates here dropped throughout the year. For several months, all of the casinos in this city were completely shut down. Many are now hopeful that 2021 brings about a major change.

Casinos here are doing everything they can to see this change. Many have recently begun offering new, exciting deals to guests. There have also been a large number of new entertainment options becoming available in Atlantic City.

It’s extremely difficult to predict how things will look here this year. As we mentioned earlier, vaccine distribution could help to promote travel around the country. Many are still unlikely to want to visit a crowded casino, though.

It might be years before the casinos here see pre-pandemic levels of revenue. Fortunately, the sports betting industry here is helping to make up for the losses. New Jersey has been seeing consistent sports betting revenue increases for the past few months.

Many analysts are excited to see how things turn out here. Do you plan to visit Philadelphia’s newest casino? Let us know in the comments section below!

Sheldon Adelson’s Death Hits the Struggling Casino Industry Hard

Sheldon Adelson

Casino companies around the United States are still struggling to bring in players right now. It’s been a dark time for many of these companies with no clear end in sight. One of the men responsible for helping this industry growth has just passed away. Today, we’re going to discuss the details of Sheldon Adelson’s death.

Many knew that the Las Vegas Sands CEO was in poor health. It wasn’t entirely clear how serious his situation was, though. His death will have a lasting impact on LVS over the next few decades.

Here’s what we know about this situation.

Looking Back at Sheldon’s Adelson’s History in the Casino Business

The US casino industry has grown considerably over the past few decades. Many credit Sheldon Adelson for being one of the key figures in growing casinos around the country. His time in the gambling industry dates back to the 1980s.

First, Sheldon purchased the Sands Hotel and Casino in Las Vegas for a mere $110 million. He then took his experience in the convention industry and purchased the Sands Expo and Convention Center. This was the only privately-owned convention center in the country.

Just a few years later, Adelson decided to open his first mega-resort with The Venetian on the Las Vegas Strip. Over the next few decades, he continued to open massive casino-resorts around the world. He eventually grew his fortune to more than $35 billion.

Adelson has served as the CEO of Las Vegas Sands for decades. His decisions helped the company grow bigger than anyone expected. Last week, news broke that he was stepping down as CEO of the company to focus on cancer treatment.

It was surprising news to hear. No one seemed to know how serious Adelson’s health issues truly were. It was confirmed he was suffering from Non-Hodgkin’s Lymphoma. It now seems that his case was more severe than many initially thought.

Adelson was a major player in the casino industry. He certainly had some detractors, yet there’s no doubt he played a huge role in helping the country’s casino industry grow.

Sheldon Adelson’s Death Has Been Confirmed

Hearing that Sheldon Adelson was stepping down as CEO of Las Vegas Sands spread fast. There were obvious concerns for the gaming mogul. As we just mentioned, however, no one really knew how serious his condition was.

It’s now clear that Adelson was struggling immensely. Numerous reports have confirmed that he has passed away at the age of 87. It’s also been confirmed that his death came from his battle with Non-Hodgkin’s Lymphoma.

The casino mogul was well-known for his major donations to the Republican Party. He spent millions helping with Donald Trump’s campaign in 2016. Trump released a statement offering condolences to the LVS CEO shortly after his death was announced.

“His ingenuity, genius, and creativity earned him immense wealth, but his character and philanthropic generosity his great name,” the statement said. “Sheldon was true to his family, his country, and all those that knew him. The world has lost a great man. He will be missed.”

Sheldon Adelson’s death is sending shockwaves through the casino industry. It comes at an extremely difficult time for Las Vegas Sands. The company will now move forward with Robert Goldstein serving as CEO.

Las Vegas Sands, like all other US casino companies, has a difficult year ahead. There are many now wondering what steps the company will take to increase revenue.

What is Next for Las Vegas Sands?

The past ten months have been extremely difficult for Las Vegas Sands. 2020 wasn’t the only tough year for this company, though. Over the past two decades, LVS has gone through several rough patches. In 2009, Sheldon Adelson saw his net worth drop to just $2 billion due to the company’s struggles.

This is now a different situation than LVS has ever faced before. Sheldon was well-known for being the primary decision-maker in the company. There will likely be a feeling out process while the company adjusts to his permanent departure.

Sheldon Adelson’s death also means that Las Vegas Sands will need to make a decision on the proposed casino sales brought up last year. This company made headlines by announcing it was interested in selling both The Venetian and The Palazzo. These two venues have been major revenue-earners for LVS in the past.

The situation in Macau is also a serious talking point. Las Vegas Sands owns and operates several casino-resorts in the Chinese territory. Unfortunately, Macau has seen extremely low tourism figures and revenue has plummeted. It wouldn’t be a shock to see some of the casinos here sold soon, too.

All major US casino companies are struggling right now. Hopefully, effective vaccine distribution helps casino destinations recover as the year goes on. We’ll continue offering more updates on the situation with Las Vegas Sands over the next few months.

Are you surprised to hear about Sheldon Adelson’s death? How do you think this will impact Las Vegas Sands? Let us know in the comments section below!

Plaza Las Vegas Officially Opens Wheel of Fortune Slot Area!

Casino Wheel of Fortune Slot Machine

Las Vegas casinos are still in recovery mode. Most of them are working to come up with new ways to increase their visitation numbers. New reports claim that the Plaza Las Vegas has officially opened up a new Wheel of Fortune slot area.

Wheel of Fortune slot games are extremely popular. Many feel they offer the best opportunities to cash out of any slot game available today. Today, we’ll talk about how the Plaza Las Vegas has expanded in recent months.

Let’s get into it!

Las Vegas Casino Revenue Dropped Considerably in November

Over the past ten months, we’ve been reporting on the casino revenue figures in Nevada. For months, casinos here were earning almost nothing. Finally, in June, the casino industry here began operating once again.

Things began to improve over the summer. For a time, it seemed as if the casinos in Las Vegas were on the road to a full recovery. As the colder months approached, however, tourism numbers dropped and gaming revenue plummeted.

We recently heard news on the revenue figures for the month of November. This month proved to be one of the toughest for Las Vegas casinos in recent history. Revenue during November of 2020 dropped by an astounding 32.5% when compared to the same month in 2019.

Each casino is dealing with this situation in its own way. Many have been forced to close down during the weekdays. Others are offering unique deals in an attempt to bring in more visitors. Unfortunately, it seems unlikely that things will get back to normal here any time soon.

More games are becoming available in Las Vegas casinos every single month. The casinos here are constantly trying to offer their players more gaming options. That includes the Plaza Las Vegas, one of the most popular gaming venues off the Las Vegas Strip.

The Plaza Hotel-Casino in Las Vegas has been dealing with major issues over the past year. It’s now offering an exciting new gaming area.

Plaza Las Vegas Reveals New Wheel of Fortune Slot Area

Las Vegas is filled with some of the world’s best casino-resorts. Many feel that the best ones are all located on the Las Vegas Strip. Others are adamant that Downtown Las Vegas is home to the best hotels and gambling venues.

The Downtown area has been expanding over the years. It’s here that the Plaza Las Vegas is located. This property is home to an 80,000 square foot gaming floor and a number of world-class restaurants. Like all other casinos, the Plaza has been struggling lately.

The owners of this venue are working to change things around. This week, news broke that the Plaza is set to feature a new Wheel of Fortune-branded slot area. This zone covers 2,900 square feet and is located in the heart of the casino floor.

Casey P. Adras, the Plaza Hotel & Casino Director of Slot Operations, recently spoke about the debut of this new gaming area to the media.

“When Plaza Casino guests enter our new Wheel of Fortune Slots Zone, it is immediately apparent that they’re in Las Vegas’ epicenter of Wheel of Fortune slots fun,” Casey said. “We’ve collaborated with IGT to create a compelling space that delivers an exceptional guest experience, features the most in-demand Wheel of Fortune games and embodies the jackpot-paying legacy of the iconic slots brand.”

The IGT Wheel of Fortune slot game is considered the most successful of all-time. Since the games debuted in casinos around 25 years ago, they have paid over $3 billion in jackpots. The Plaza Hotel-Casino will now be the first to feature an entire area dedicated to this game.

It’s an exciting moment for this property. We’ll be sure to offer more information on this gambling area over the next few months!

Las Vegas CES 2021 is Set to Begin Today

As most are aware, Las Vegas is home to many of the biggest trade shows in the world. One of the most popular ones is CES, hosted in the city every year. Unfortunately, the 2021 CES event in Las Vegas will be unlike any other in the past.

This year’s event is being hosted entirely online. No visitors are allowed at the event in Las Vegas. It’s a major change and one that is already having a major impact. The city has likely lost millions of dollars due to CES being live-streamed online.

The event officially begins today! It will conclude on January 14. Many small businesses are struggling with the lack of visitors surrounding this event. Most are now looking ahead at how things will look at this time next year.

No one really knows when major trade shows and conventions will begin again. Obviously, these are a major part of the Las Vegas economy. The next few months will tell a lot about how things will look over the next few years.

Places like the Plaza Las Vegas are doing everything they can to stay afloat. It will be interesting to see how popular the new Wheel of Fortune slot area becomes. Stay tuned for updates!

Are you excited about the Plaza’s new Wheel of Fortune gaming area? Let us know in the comments section below!

Sheldon Adelson’s Health Forces Leave of Absence From LVS

Sheldon Adelson

Las Vegas Sands has been dealing with a variety of serious issues over the past year. To make things worse, the company’s founder and CEO is now in poor health. New reports indicate that Sheldon Adelson’s health problems have forced him to take a leave of absence from Las Vegas Sands.

There’s a lot happening with major Las Vegas casino companies right now. Today, we’ll talk about Adelson’s departure from LVS. We’ll also discuss some of the other plans that Las Vegas Sands has for the future.

Let’s get into it!

Las Vegas Sands Continues to Hint at Major Casino Sales

The city of Las Vegas is still struggling to bring in tourists. As a result, the casino companies here are seeing significantly lower revenue figures than they did in 2019. It’s a difficult situation that some feel will take years to fix.

Casino companies around the country have seen major drops in their monthly revenue figures. That includes Las Vegas Sands. As a result of these revenue drops, company officials have hinted towards selling some of their biggest venues in Las Vegas. That includes The Venetian and The Palazzo.

This announcement was surprising to hear. These two casino-resorts are some of the biggest and best in Las Vegas. Prior to 2020, these venues helped to bring Las Vegas Sands a huge amount of revenue every month.

It now seems this company no longer sees these venues as viable properties. There have been several other casino operators that expressed interest in taking control of these venues. As of now, Hard Rock International seems to be the most likely candidate.

Las Vegas Sands is clearly in a difficult situation. Unfortunately, CEO Sheldon Adelson is also dealing with serious health issues. These are now serious enough to force him out of his position as the leader of this company.

Adelson has been one of the most powerful men in the casino industry for years. We’re now beginning to hear more about the health problems that forced him away from the company.

Here’s What We Know About Sheldon Adelson’s Health Issues

Sheldon Adelson has been in the casino industry for decades. In recent years, reports began to circulate that he was dealing with serious health complications. He’s now 87 years old and some have questioned how long he would remain the leader of Las Vegas Sands.

This week, reports came out that shed more light on Sheldon Adelson’s health issues. It’s been confirmed that the CEO is now taking a leave of absence to undergo treatment for cancer. He “recently decided” to resume treatment for non-Hodgkin’s lymphoma.

Many knew that Sheldon was dealing with cancer. It wasn’t entirely clear how severe his case was, though. It’s now clear that things are serious enough to remove him from his position as the CEO of Las Vegas Sands.

Robert Goldstein will now take over as CEO of the company. He takes this position in one of the most difficult times in the company’s history. He and other officials will now need to further discuss the possibility of selling major Las Vegas properties.

Adelson is still optimistic about the future. Despite the difficulties, he feels that Las Vegas Sands will recover from the situation it finds itself in.

“Our properties in Las Vegas may be empty right now, but our hearts are full of hope for the future,” he said in a public statement late last year. 

Hope is that Adelson recovers soon. He played a big part in expanding the Las Vegas casino industry. We’ll continue offering updates on this situation over the next couple of months.

How Are Other Casino Companies Faring Right Now?

Las Vegas Sands is far from being the only company seeing its revenue figures drop. As we mentioned earlier, this is an issue that is affecting just about every major casino operator around the United States. Most analysts agree this is the hardest time in the history of the US casino industry.

Wynn Resorts has been seeing big dips in its revenue lately. Las Vegas isn’t entirely to blame for these issues. Wynn Resorts’ casinos in Massachusetts and Macau have also been losing money for the past ten months.

The Encore Boston Harbor was hugely successful in Massachusetts not long after opening. Beginning in March, however, this casino began to see massive revenue declines. There is now a fear that all of the casinos in Massachusetts could close down again in the near future.

MGM Resorts has also been experiencing huge drops in revenue. All of the company’s casinos in Las Vegas have been suffering lately. MGM Springfield in Massachusetts is hurting, too. This company recently had its worst-ever month since opening to the public.

The country’s land-based casino industry is hurting right now. Sheldon Adelson’s health issues are likely to take a toll on Las Vegas Sands. Hopefully, we begin to see things improve over the next couple of months.

Are you surprised to hear about Sheldon Adelson? How do you think this will impact Las Vegas Sands? Let us know in the comments section below!

More Information on the Live! Casino in Philadelphia is Coming Out

Pennsylvania Casinos

Pennsylvania is home to one of the largest, most successful casino industries in the country. There is one massive new casino-resort now scheduled to open its doors in Pennsylvania. This week, we received more information about Live! Casino in Philadelphia.

This is set to be one of the biggest casino-resorts ever opened in Pennsylvania. Many feel it will help to significantly boost tourism into the state. Now is a great time to discuss the details of this exciting new gaming property.

Let’s get into it!

Pennsylvania’s Casino Industry Has Finally Reopened

The casino industry in Pennsylvania was completely shut down back in March. This proved to be extremely difficult for the casino companies based here. Finally, after several months, state leaders gave permission for these casinos to open back up.

For a time, things were improving here. Casinos were operating at limited capacity and began seeing their revenue earnings increase. It wasn’t perfect, yet the casinos in Pennsylvania seemed to be staying afloat.

This only lasted for so long. In December, news broke that state officials were ordering all casinos to temporarily shut down once again. It was a huge blow for the owners of these venues and the thousands of workers inside them.

On Monday, Pennsylvania’s casino industry was finally given permission to reopen. Moving forward, these properties will operate at a limited capacity and will need to implement more intense health regulations. Hope is that enough money is made to keep these casinos operational.

The casino industry is hurting around the United States. No one seems to know when things will begin to truly improve. Interestingly, there are still several new casino-resorts scheduled to open their doors in Pennsylvania in the near future.

That includes Live! Casino and Hotel. We’re now beginning to hear more information about this exciting new gambling venue.

The Opening Date for Live! Casino in Philadelphia Has Been Revealed

As we mentioned earlier, Pennsylvania is home to a large and rapidly-expanding casino industry. We’ve seen several casinos open their doors here over the past few years. More will begin operating here in the future!

The Live! Casino in Philadelphia is one of the most-anticipated casinos ever opened in Pennsylvania. We’re now hearing about when this property will finally open! New reports claim that this venue is set to first open its doors to guests on January 19. That will come before an official grand opening on February 11.

Joe Billhimer, Executive Vice President of Cordish Gaming Group, gave a statement to the media about this casino finally opening.

“We are beyond excited to go Live! in Philadelphia and bring this world-class gaming and entertainment destination to the heart of the Stadium District,” Billhimer said. “What we have created here is unrivaled anywhere in the country. Sports fans, foodies, gaming enthusiasts, and anyone looking for a night of fun and excitement only has to make one stop to experience it all.”

Just about everyone is excited to see this casino open its doors. It will feature more than 2,000 slot games, 150 table games, and a 29-table poker room. The casino will also be home to a variety of dining and entertainment options.

If you’re located near the Philadelphia area, make sure to check this casino out! Many believe it’s the best new gaming property in the state.

Major Las Vegas Property Sales Are on the Horizon

Las Vegas remains the world’s biggest casino destination. There are a huge number of world-class gambling venues located in this city. Unfortunately, the casino industry here has seen massive dips in revenue throughout the year.

As a result, several casino companies have announced they plan to sell some of their casinos in the city. That includes Las Vegas Sands. The Sheldon Adelson-run gambling venue claims it’s interested in putting both The Venetian and The Palazzo up for sale.

Many were surprised at this news. These venues are known for being two of the most popular ones in Las Vegas. Under normal circumstances, these venues help to bring LVS a massive amount of revenue every month.

We’re in unprecedented times, though. It seems that Las Vegas Sands simply wants to cut its losses and get rid of some of its biggest gambling venues. It’s unclear exactly how much LVS plans to sell these casino-resorts for.

It seems that Hard Rock International is interested in purchasing this property. Nothing has been made official, though. We’ll be sure to offer more information on these sales over the next few months.

Are you excited to see Live! Casino in Philadelphia finally open? 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!

Five Popular California Casinos Offer NYE Celebrations

New Year's Eve

Nine months ago, all of the casinos in California closed their doors to the public. It was an unprecedented situation for the state’s gambling industry. Fortunately, most have since reopened and are seeing modest revenue increases. New reports now claim that five popular California casinos are now set to host major NYE celebrations.

There’s a serious debate raging over whether or not these venues should be allowed to hold these events. They sit on sovereign land, however, meaning they don’t need to abide by state regulations. Today, we’re going to talk about what is being planned.

Let’s get into it!

California’s Casino Industry is Still Working to Recover

The state of California is home to more than 60 casinos. Interestingly, the state does not allow any commercial casinos to operate in this state. All of the gambling venues operating here are Native American-run.

This gives these casinos the ability to operate outside of state regulations. They sit on sovereign land and can set their own rules. Despite that fact, all of the casinos around the state closed their doors back in March.

Unlike most other businesses in the state, however, the casinos here were quick to start operating again. Some opened their doors within just a month or two. Some of California’s top officials began pleading with Native American tribes to implement more intense safety regulations.

Since that time, this industry has been slowly recovering. Revenue remains far below what was seen in 2019. It’s not a surprise, as all casinos are operating at significantly reduced capacity. Many are simply happy to see any guests come in under the current circumstances.

State leaders have been advising the public to avoid any large gatherings for New Year’s Eve. Doing so, they argue, could lead to greater issues for California leading into 2021. Some of the casino owners in the state aren’t listening and now plan to host major celebration parties.

It’s a troubling development for health officials. Here’s what we know about the parties being held in different casinos around California.

NYE Celebrations Are Being Held at Five Popular California Casinos

New Year’s Eve tends to be one of the largest celebration weekends of the year. Prior to 2020, this holiday brings massive parties around the country. Major tourism hubs such as Las Vegas would see millions of visitors arrive to take part in the festivities.

Many of the biggest casinos in California would also hold New Year’s Eve events for their guests. These celebrations helped the casinos earn a huge amount of money each year. It’s not recommended, yet some of the most popular California casinos are choosing to hold NYE celebrations this year.

The Thunder Valley Casino Resort has announced that it plans to host a 6,000-person “invite-only” New Year’s Celebration. It’s a similar event to the one originally planned to take place at the Graton Resort and Casino, which plans to hold a 4,000-person NYE celebration. This has since been scrapped due to pressure from the public.

The Cache Creek Casino Resort hasn’t changed its big plans for New Year’s. In fact, it continues to promote its celebration event. The owners of this venue have refused to state how many guests will be attending the party tonight.

Harrah’s, in Ione, all plan to stay open for New Year’s Eve. The casino released a statement on its plans for the holiday to the media this week.

“As part of Harrah’s Northern California’s ongoing quest to keep guests and team members safe, the casino is following a comprehensive outline of enhanced health and sanitation protocols,” the statement read. “Guests returning to the property will notice changes to the experience, including limited guest capacity on the casino floor and dining outlets, social distancing procedures and enhanced sanitation protocols.”

State leaders aren’t happy to see the path these casinos are taking. Hopefully, these events are able to take place in a fun, safe manner. Stay tuned for updates!

The Sports Betting Industry in California Could Launch in 2022

California is the most populous state in the country. Since 2018, many gambling proponents have been pushing hard to get sports betting legalized here. Unfortunately, it’s failed to come together for a number of different reasons.

Many now believe 2022 is the year this finally changes. Earlier this month, sports betting supporters managed to pull together the required signatures to county governments to get sports betting on the November 2022 ballot. It was a crucial step needed to get this measure approved.

The current plan is to allow land-based sportsbooks to begin operating within tribal casinos. As of now, there is no plan to legalize and regulate online sports betting. That could come sometime within the next few years, though.

Many of the popular California casinos are supporting this measure. Sports betting has proven to be extremely lucrative around the country. Places like New Jersey are seeing hundreds of millions in monthly betting handles.

A lot can happen between now and November of 2022, though. We’ve seen the state’s efforts to get this industry running fail several times already. Hopefully, things finally come together within the next couple of years.

Are you surprised to see casinos in California holding NYE celebrations? Let us know in the comments section below!