Hard Rock Atlantic City is Giving Out Big Employee Bonuses

Hard Rock Atlantic City

Atlantic City’s casino industry has been through a lot lately. The same can be said for the thousands of individuals that work inside these venues. Fortunately, news is now breaking that Hard Rock Atlantic City plans to give out an incredible $1 million worth of bonuses to its employees.

It’s great news for the workers here. Atlantic City still has a long road to get back to normal, though. Today, we’ll discuss Hard Rock’s plans and look at how some of the other casinos in New Jersey are faring right now.

Let’s get into it!

New Jersey’s Casino Revenue is Down, Sports Betting Revenue is Up

Back in the 1980s, Atlantic City developed into one of the country’s premier gambling destinations. Major developers moved into the city and opened world-class casinos. Tourism numbers began to boom and revenue was increasing every month.

Things began to decline throughout the 90s and by the mid-2000s, this city was struggling immensely. Many of the casinos here were forced to permanently close their doors. There was a time when it seemed like Atlantic City would never recover.

Incredibly, things began to turn around in mid-2018 when the Supreme Court removed PASPA, giving New Jersey the ability to finally legalize sports betting. Many sportsbooks almost instantly began operating. This led to a surge of new tourism and valuable revenue for the casinos here.

Unfortunately, 2020 halted much of the progress the casinos have been making lately. For several months of the year, the casinos here were forced to completely shut down. When they finally did reopen, they were forced to operate at a limited capacity and with intense regulations set in place.

Casino revenue remains low here. Sports betting, however, has been on a steady rise in New Jersey. Online sports gambling has been surging particularly high lately. The state’s sports betting operations are expected to bring in a huge amount of revenue as Super Bowl LV approaches.

Hard Rock Atlantic City continues to struggle. Despite that fact, the casino plans to give its guests bonuses over the next few weeks.

Hard Rock Atlantic City Employees Are Set to Receive Bonuses

Casino workers have been under some serious stress lately. A huge number of them were laid off after the casino shutdowns in March. Many casinos are now reopened, yet continue to see low visitation rates.

The Hard Rock Hotel-Casino in Atlantic City opened its doors again over the summer. Since that time, Hard Rock has been working hard to bring in more players. It hasn’t been easy and no one seems to know when things will begin to return to normal.

This week, news broke that Hard Rock Atlantic City is set to give out $1 million worth of bonuses to its employees. More than 2,000 of the casino’s employees are set to receive one of these bonuses. It comes as a thank-you to the workers who have worked during these difficult times.

Hard Rock Chairman Jim Allen spoke about the company’s new plans to the media this week.

“We believe that this continued support of our employees, and our belief that this will continue to enhance our respect and appreciation that we’ve provided to them and that they have given back to us, will continue to grow customer service in the property, and more importantly, continue to separate us from the rest of the industry,” he said. “We know Atlantic City still has a great history behind it, and still has a better history in front of it.”

It has been confirmed that these bonuses will be reflected in the paychecks distributed this week. The specific amounts will vary depending on every worker’s position. It’s a fantastic move for Hard Rock and one that its employees can appreciate.

Officials within Hard Rock are optimistic that things will improve as the year goes on. Just about all of the other casino companies are hopeful of this, as well.

NJ Casinos Hope for a Tourism Boom by Summertime

2020 seemed to prove how vulnerable the US casino industry really is. If tourism stops, casinos are unable to bring in players. That is exactly what happened in places like Macau, Las Vegas, and Atlantic City.

Casinos are still doing everything they can to bring in more players. Boosting tourism isn’t as easy as it might sound at a time like this, though. Many major casinos are now hoping that with effective vaccine distribution, travel will begin to surge around the country.

No one seems to know what to expect. Some feel that vaccine distribution will end up allowing more to take trips. Some analysts believe most will want to travel within the US and to fun entertainment hubs such as Atlantic City.

There are some who are less optimistic, though. New variants of the virus spreading around the country cast doubt on vaccine efficacy. That could lead to additional surges around the country and more travel restrictions being set in place.

It’s a difficult time for the entire casino industry. Fortunately, there are some good things taking place with casinos in different parts of the country. Hard Rock Atlantic City is even working hard to give its employees bonuses right now.

When do you expect Atlantic City to return to normal? Let us know in the comments section below!

Circa’s Football Betting Squares Are Coming Back!

Circa Sportsbook

Circa Las Vegas is one of the coolest new casino-resorts in Nevada. Soon, this venue will be putting on exciting events surrounding Super Bowl weekend. Many are excited to hear that Circa’s football betting squares are officially coming back this year!

Betting squares are a fun way for football fans to get in on the action. The ones at Circa have grown extremely popular with visitors. Today, we’ll explain what Circa and some other casinos in Las Vegas have planned for Super Bowl Sunday.

Here’s what we know.

Las Vegas is Working to Bring in Visitors for Super Bowl LV

The city of Las Vegas is still considered the entertainment capital of the world. You might not know that by visiting right now. Many of the casino-resorts are struggling to bring in visitors and gaming revenue has been on a decline here.

It’s a new trend for this city. Prior to 2020, Las Vegas saw approximately 40 million visitors every single year. New casinos kept appearing throughout the city and it seemed that things were going better here than ever before.

The effect that last year’s events had on Las Vegas is well-documented. Many hoped that things would be recovered by early 2021. It’s becoming clear that this will take significantly longer. In fact, no one can accurately say when Las Vegas will see pre-pandemic levels of tourism.

Casino companies are still doing everything they can to bring in visitors. Many of these companies are hoping that Super Bowl weekend ends up bringing a surge of tourism. Historically speaking, this is a big revenue-generating time for Las Vegas.

Things won’t be quite as festive in Las Vegas as they might normally be. Many of the major casino-resorts here have events planned, yet reservations remain much lower than what was seen in years prior. Circa Las Vegas is beginning to announce some of its events surrounding the big game on Sunday.

Betting fans, in particular, are excited to hear what Circa has planned. It will be an exciting time for those who end up making the trip to Sin City.

Reports Confirm that Circa’s Football Betting Squares Are Returning

Most NFL fans are familiar with betting squares. For those that don’t, it’s fairly simple. Essentially, this is a grid usually consisting of 100 blank squares. Bettors are then either randomly assigned a square, or they are able to choose one for themselves.

Once the squares are assigned, you begin setting numbers for the different squares. Once all of these numbers have been set, everyone can sit back and enjoy the game! Winners will be announced after the first, second, third, and fourth quarters. A winner is declared when their two numbers match the last number of both team’s scores.

Circa Las Vegas offered its visitors a bettable version of this popular Super Bowl game last year. This week, the casino’s sportsbook manager Chris Bennett confirmed that Circa’s football betting squares are officially coming back! Bennet spoke with the Las Vegas Review-Journal and expressed his excitement to see this game return.

“The popularity blew me away (last year),” he said. “It was maybe the most fun thing we put up for betting since we opened for business. I learned a lot from doing it last year and roughly what the odds should be on every given square, because the sharp bettors, they’ll comb through this and tell you if you’re wrong.”

Super Bowl betting squares are an extremely fun way for football fans to feel more involved in the game. Some of these squares are also offering some massive opportunities to win. In the end, the owners of Circa just hope that this new game will help to bring in more visitors.

Not everyone will manage to make it to Las Vegas to watch the big game. Fortunately, there are now easy ways for football fans across the country to bet on the NFL championship game!

There’s Still Time to Bet on Super Bowl 55 Online

The 2020/2021 NFL season has been one of the most-watched in history. Many football fans have been largely stuck at home for months and followed every game of the season. On February 7, this historic season will finally come to an end.

Many of the visitors to Las Vegas will end up betting on this game. You don’t have to be in this city to place your wagers on the action, though. There are now amazing online sports betting sites operating throughout the country.

That includes Bovada. This website is still allowing its members to place a variety of bets on the big game. Some are choosing to bet on the moneyline. Kansas City comes in as the -165 favorites and Tampa Bay comes in as the +145 underdogs.

This is just one option, though. This site also offers a wide range of amazing prop wagers on this championship game.

Those lucky enough to make it to Las Vegas may want to take part in Circa’s football betting squares. It will be a fun way to get involved in the game with other fans.

Do you plan on going to Las Vegas for the game? Who do you think wins at Super Bowl LV? Let us know in the comments section below!

Casino Winnings in Nevada Took a Dive in December

Las Vegas City

Nevada’s casino industry has been doing everything it can to draw in visitors from around the country. Tourism remains low here, however, and many of the casinos are struggling to bring in revenue. New reports shed light on the casino winnings in Nevada earned during the month of December.

Things are clearly still difficult for major casino hubs around the US. It’s difficult to say when things will completely return to normal. Today, we’ll take a look at how much money the casinos in Las Vegas managed to bring in last December.

Let’s get into it!

Casino Owners Hope Vaccines Boost Tourism in Las Vegas

It has been almost a year since the casinos in Las Vegas first shut down to the public. It was an unprecedented moment for the city. The tourism industry here came to a screeching halt and casino owners were left in the dark of when the city would reopen.

Nevada’s casinos began to reopen in June. Over the summer, tourism into the city slowly began to increase. Numbers remained far below what was seen in 2019, yet casinos were happy to see an influx of visitors.

As the colder months approached, tourism rates dropped once again. Health experts began warning against any unnecessary travel. Due to the drop in visitors here, many of the casinos in Las Vegas were forced to close during weekdays.

There is reason to be optimistic. Many analysts believe that with effective vaccine distribution, places like Las Vegas could begin seeing a surge of new visitors. There are high hopes that leisure travel will begin to surge again by the time summer rolls around.

It’s a fascinating time for this city. Several massive new casino-resorts are scheduled to open in Las Vegas over the next eleven months. All of the casino operators are hopeful that things begin to turn around over the next several months.

For now, Las Vegas is still struggling. December proved to be a very rough month for the casinos here. We’re now seeing exactly how much money was brought in.

Casino Winnings in Nevada Dropped by 35% in December

Casinos around the country saw double-digit revenue drops throughout most of 2020. As winter approached, revenue earnings dropped considerably. This week, the reports on casino revenue in Nevada during December finally came out.

These reports confirm that Nevada saw an astounding 35.35% drop in GGR during December. All of the casinos throughout the state brought in just $683.7 million over the month. It’s a significant drop from the more than $1 billion earned the same month a year prior.

The Las Vegas Strip recorded the biggest loss of nearly 50% in year-on-year revenue. This area of the city is home to the biggest and most-expensive casinos in the state. Unfortunately, the Strip brought in just $292 million during December.

Casino winnings in Nevada are still low. Every single part of the state saw a significant drop in earnings last month. Based on the state of the country, many analysts expect revenue earnings to be even lower for the month of January.

Las Vegas isn’t the only casino hub to see a significant dip in revenue. Every city that is home to a casino industry is hurting right now. That includes several popular gambling destinations on the East Coast.

Atlantic City is facing many of the same issues that Las Vegas is. Fortunately, this city is still seeing money come in from its profitable sports betting industry.

Atlantic City’s Sports Betting Industry Continues to Surge

Since May of 2018, the US sports betting industry has grown exponentially. More than half the country now has a regulated sports betting up and running. That includes New Jersey, which continues to see huge revenue earnings from its sports betting options.

Here, both land-based and online sports betting is perfectly legal. In 2020, the online sports gambling options here saw a major increase in popularity. New Jersey saw its all-time sports betting handle record broken on several occasions throughout the year.

Revenue from this industry continues to surge. It comes at a great time. The casinos in Atlantic City are still struggling to bring in players right now. Fortunately, these casinos are still managing to bring in money via sports gambling.

The gambling industry in Atlantic City is about to get some more competition. Soon, a new casino-resort will be opening its doors in Philadelphia. That of course is the Live! Casino & Hotel Philadelphia.

It will be interesting to see if this new PA gambling venue takes away from Atlantic City’s gambling revenue. Many are also curious to see if this property manages to see large revenue increases.

Are you surprised to see where casino winnings in Nevada stand in December? When do you expect things to improve here? Let us know in the comments section below!

LVS Continues to Push for Legal Casinos in Texas

Texas State Flag

Texas is known for its hardline stance towards the gambling industry. Lawmakers here have worked hard to ban virtually all traditional forms of gambling in the state. That could soon change, though. Las Vegas Sands is working hard to finally allow legal casinos in Texas.

Many are excited to see Texas make this change. There are still a huge number of questions that surround this entire situation, though. Today, we’ll talk about what LVS has planned in the Lone Star State.

Here’s what we know about this situation!

The Past Ten Months Have Been Tough for Las Vegas Sands

Most gambling fans have heard of Las Vegas Sands before. This company was founded decades ago by Sheldon Adelson. It has since grown into one of the most powerful gambling companies in the world.

Prior to 2020, this company was doing fantastic. LVS owns and operates casinos around the world. It’s major casino-resorts in Las Vegas and Macau were bringing in an incredible amount of money every single month. Then, in March of last year, all of the casinos around the US were ordered to shut down.

Places like Las Vegas saw their revenue figures immediately plummet. Casinos here remained closed for months and no one could accurately say when things would turn around. Finally, in June, the casinos in Las Vegas began to open back up.

Unfortunately, casino revenue from Las Vegas and Macau has been extremely low over the past twelve months. As a result, Las Vegas Sands began closing their biggest venues for certain times of the week. Company officials even claim they are interested in selling some of their biggest casino-resorts entirely.

To make things worse, CEO Sheldon Adelson passed away earlier this year. It was a huge blow for Las Vegas Sands and only intensified what has already been a difficult time. LVS is still pushing hard for recovery and has some big plans for the future.

That includes a break into Texas. This state is known for its tough gambling laws, yet LVS seems to feel it can make a change here.

Will We See Legal Casinos in Texas in the Next Few Years?

Despite the complications they’ve faced, US casino companies continue looking to expand. We’ve seen a large number of major casino deals take place over the past few months. Many of these companies are working hard to break into developing casino destinations.

That is certainly the case with Las Vegas Sands. This company has been doing everything it can to increase revenue right now. Lately, officials within LVS have been pushing hard to allow commercial casinos in the state of Texas.

Lawmakers in Texas haven’t embraced this idea. Here, not even tribal casinos are able to legally operate. Residents in this state often flock to nearby Oklahoma to play at the state’s many world-class casinos.

Las Vegas Sands is now arguing that legalizing casinos will help to keep money in the state of Texas. It should also help to bring in more visitors from around the country. Governor Greg Abboud now claims it should be up to state voters on whether or not to allow casinos.

“All that will happen in the Legislature this next session is for the state Legislature to put it on the ballot and to let voters decide,” Abboud said. “And then business leaders and community groups and the policymakers need to get involved in the process and make sure that this is done the right way.”

Anti-gambling groups are already pushing against the idea of legal casinos in Texas. There are some that feel it will result in an increase in crime and other societal issues. The state needs money right now, however, and casinos could be an effective way to generate revenue.

It’s an interesting time for the country’s gambling industry. We’ll offer more information on this situation over the next few months!

US Casino Revenue is Still Dropping Quickly

The events in 2020 had a devastating impact on the US casino industry. Never before have casinos around the country been forced to close down. Even today, this industry has a long way to go before it gets back to the revenue seen in 2019.

There was a time when it seemed as if US casino companies were bouncing back in a big way. Travel restrictions began to loosen during the summer months and more visitors started heading to casino hubs such as Las Vegas. As the colder winter months approached, however, this trend came to a complete halt.

We’re still beginning to see the effects that 2020’s fourth quarter had on casino companies. Over October, November, and December, Las Vegas Sands saw an incredible 67% drop in revenue. It’s a larger dip than many analysts predicted.

This company managed to bring in just $1.15 billion over Q4 of 2020. That’s down considerably from the $3.51 billion seen in 2019. It goes to show how difficult the times are even for the largest gaming operators in the country.

Other casino companies including Wynn Resorts and MGM Resorts are also seeing massive revenue drops. It’s unclear when exactly this trend will change. Perhaps Texas could help to turn things around for these companies. We’ll be sure to offer updates over the next couple of months.

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

The Pass Casino in Henderson is Expected to Open Soon!

 

Casino Floor In Michigan

Clark County Nevada is home to many of the world’s best casinos. Many new ones are expected to open their doors in 2021. New reports indicate The Pass Casino in Henderson will officially be opening to the public sometime this year.

Many are excited to see this venue open. It’s replacing one of Henderson’s favorite gambling venues. Today, we’re going to talk about the details of this new casino.

Here’s what we know!

Nevada’s Casino Industry is Still Struggling

For decades, Nevada was home to the biggest and most successful casino industry in the United States. A huge number of incredible casino-resorts are located here, the majority of which saw large revenue figures every month. In March of last year, all of the casinos in this state completely closed down to the public.

This had a devastating effect on the state’s economy. Places like Las Vegas immediately saw their tourism numbers plummet. That, in turn, led to a significant drop in gambling revenue and many businesses started to suffer.

The casinos in Las Vegas were given permission to reopen in June. Tourism numbers remained low, however, and many of the major casino-resorts here were forced to adjust their operating hours to save money. Even today, some of the largest gaming venues here are still closed during the weekdays.

The Las Vegas Strip accounted for nearly all of the revenue earned between July of 2019 and June of 2020. This area of the city is still the most successful for the casinos in Nevada. Things are far from ideal, though.

Nearby Henderson is also seeing a drop in tourism and gambling revenue. This city isn’t necessarily known as a major gambling hub, yet there are several popular casinos. Soon, a new casino will be opening its doors here.

Many of the locals in Henderson are getting excited. Here’s what we know about this new gambling property.

Here’s What We Know About the Pass Casino in Henderson

Henderson is a city of just over 300,000 individuals. Located directly next to Las Vegas, it’s no surprise that several great casinos are located here. Several of them are located on Water Street and have been working hard to attract new players.

Back in 1993, Boyd Gaming acquired one of the casinos here and renamed it Eldorado Casino. It became a hit with locals and helped to bring in most visitors to the city of Henderson. In 2007, this venue underwent a major renovation.

Obviously, the events that unfolded in 2020 took a devastating toll on many casino companies in Nevada. Last year, news broke that Boyd Gaming agreed to sell the Eldorado Casino to DeSimone Gaming. This company announced it planned to renovate and rebrand this venue.

This week, news broke that this new casino is being called The Pass Casino and is expected to open sometime later this year. It will have a modern design and will open several new, fresh restaurants. Residents are also excited to see what this new casino has to offer.

It doesn’t come at the easiest time. Hope is that by the time The Pass Casino in Henderson opens, the US casino industry is in a much better position than it currently finds itself in. There is reason to be optimistic.

Many analysts expect that 2021 could be a great year for Nevada. Here’s a look at why exactly that is.

Vaccines Could Help to Turn Things Around for Las Vegas This Year

Like all major tourism hubs, Las Vegas is a place that relies on visitors. Millions of people come here to take part in the gambling, entertainment, and nightlife. These visitors then help to fund many of the other businesses that cater to tourists.

When tourism stopped here, the city seemed to stop, too. Even today, there is a notable decrease in tourism and casinos continue to feel the effects. Some feel that by summertime, we will begin seeing a major increase in visitors once again.

Vaccine distribution could help to achieve that goal. Many people around the country are still against traveling right now due to health concerns. If more people are vaccinated, it seems likely that places like Las Vegas will see a spike in tourism.

Just about everyone wants to see this happen. 2021 is expected to be a big year for the city. Most notably, Resorts World Las Vegas will be opening its doors this summer. It’s the most expensive casino-resort ever built in Las Vegas and is expected to be one-of-a-kind.

Other nearby cities would benefit from an increase in tourism, too. The Pass Casino in Henderson would love to see more players coming in from around the country. We’ll be sure to report on the tourism numbers in Clark County over the next few months.

Are you excited to hear about the new casino coming to Henderson? When do you expect Las Vegas to begin seeing a large increase in visitors? Let us know in the comments section below!

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!