Las Vegas Sands has Donated Millions to Florida Political Body

Las Vegas Sands

Las Vegas Sands has been working hard to expand over the past few years. This major US gaming company now seems focused on entering Florida’s market. Reports have confirmed that Las Vegas Sands has donated millions to one of Florida’s political committees in another effort to break into the state.

LVS is hoping this helps them secure a move into Florida’s growing casino industry. The company may also benefit from the expected legalization of sports betting here. Now is a great time to look at what exactly is happening with this situation.

Let’s get into it!

Las Vegas Sands Continues to Focus on Expansion

The past couple of years have been difficult for Las Vegas Sands. The company immediately saw its revenue figures plummet after the US land-based casino industry shut down. The closure of all casinos in Las Vegas, in particular, proved devastating for this company.

It took months for the casinos across Nevada to reopen. Most casinos in Las Vegas reopened in June, yet tourism figures in the city remained extremely low. To make things worse, Las Vegas Sands founder Sheldon Adelson passed away last year amid the company’s struggles.

Las Vegas Sands operates a huge number of popular casinos across Asia. Like the US, most casinos across Asia were forced to shut down for months throughout 2020. It appeared, for a time, that the Asian casino industry was recovering faster than the US industry.

This didn’t make it past the officials within LVS. To the surprise of many analysts, officials within this company sold several of their biggest and most profitable US casino-resorts to focus more on operations in Asia. That includes The Venetian Casino-Resort located on the Las Vegas Strip.

This hasn’t exactly gone as planned. The tourism situation in Macau has been slower to recover than many anticipated. This is due largely to Mainland China’s constantly changing travel restrictions to and from the territory of Macau.

It now seems that Las Vegas Sands is beginning to focus more on US expansion once again. Will this company soon break into the emerging Florida casino market?

Reports Confirm Las Vegas Sands has Donated Millions in Florida Recently

Florida was once seen as one of the more anti-gambling states in the country. Things have changed lately, however, and there are now some truly world-class gambling venues operating here. These venues are all tribal-run, and no commercial casinos have been given permission to operate within the state.

Las Vegas Sands wants to see this change. The company has been taking a close look at breaking into Florida’s gaming industry for years. It’s not a surprise, as LVS has also been working to break into other Southern states like Texas.

New reports from the Las Vegas Review-Journal have surfaced this week claiming Las Vegas Sands has donated an astounding $17 million to a major Florida political committee called Florida Voters in Charge. This comes in an attempt for the company to secure a spot on the voting ballots. Essentially, LVS wants to gain public permission to open a casino-resort here.

Not long ago, Florida Governor Ron DeSantis approved a new measure that further restricts gambling in the state to the Seminole Tribe. LVS is working to change this law already. Donating to this political committee seems to be their primary strategy to accomplish that goal.

There is clearly a lot happening with Florida’s gaming industry. Several major commercial gaming companies have expressed interest in operating here recently. Unless something changes with the Seminole Tribe, however, that seems unlikely to happen.

Many are also looking forward to Florida’s legalization of sports betting. It appears that many companies are now focused on launching sports gambling operations here.

More Companies Push Florida to Legalize Sports Betting

The US sports gambling industry has been expanding rapidly since 2018. Today, more than 30 states across the country have approved measures to get this form of gambling regulated. Most of these states are earning a huge amount of revenue, as a result.

New reports have also surfaced this week claiming several of the country’s top sports betting companies have been investing into Florida in an attempt to get sports gambling legal. That includes DraftKings and FanDuel.

These sports gambling operators are supporting a new constitutional amendment that would formally allow Florida to legalize sports betting. They donated this money to the Florida Education Champions political committee, which is pushing for sports gambling to become commercially available in the state. If approved, the amendment could unravel the recent deal struck between DeSantis and the Seminole Tribe.

“Thank you to DraftKings and FanDuel for stepping up to the plate in an incredible way to kick off our amendment process that stands to help all Floridians. Our amendment will direct hundreds of millions of additional dollars toward Florida’s Educational Enhancement Trust Fund and open up the market for online sports betting to competition,” said David Johnson, chairman of this political committee. 

Florida is home to some of the most passionate sporting fans in the country. It seems likely that a huge amount of tax revenue will come from the commercial legalization of sports gambling here. Stay tuned for updates over the next few months!

Are you surprised to hear that Las Vegas Sands has donated so much into Florida? Will this company ever open a casino in this state? Let us know in the comments section below.

Florida’s Sports Betting Industry is About to Launch

Ron DeSantis

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

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

Let’s get into it!

US Sports Betting Revenue Continues to Increase Throughout 2021

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

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

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

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

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

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

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

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

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

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

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

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

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

When Will Sportsbooks Finally Go Live in Florida?

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

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

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

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

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

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

Ron DeSantis Approves New Gambling Rules in Florida

Governor DeSantis

Florida is known for having a fairly strict set of gambling regulations. For years, certain officials here have been pushing to change these regulations. It seems that some progress is being made. Reports have confirmed that Governor Ron DeSantis has approved new gambling rules in Florida.

Many are excited to see these new measures passed. Of course, it will take time for anything to really change here. Now is a great time to look at what new gambling options could soon become available in the state.

Let’s get into it!

More States Report Increases in Gambling Revenue

The United States is beginning to see some major improvements in regards to the Covid-19 crisis. Over the past few months, infection rates have begun to drop around the country. Hospitalizations are down and vaccine distribution continues to ramp up.

As this situation improves, states are seeing their economies ramping back up. Travel has begun to increase around the country. Many businesses that rely on tourism are seeing their revenue figures increase.

That is certainly the case with casinos around the country. For months last year, the country’s entire land-based gambling industry was shut down. Things began to reopen over the summer, yet gaming revenue has remained extremely low for almost a year.

Casinos have begun to report major increases in their revenue numbers. Over in Las Vegas, tourism numbers are surging and casino-resorts are seeing huge jumps in their visitation rates. This is expected to increase further after the casinos here will be able to operate at 100% capacity in June.

Many states have recently begun to expand their gambling options. The massive amount of revenue being earned from this industry is becoming too attractive to pass on. It’s an exciting time for gambling fans around the country.

There has been a serious push to update Florida’s gambling regulation in recent years. Here’s what you need to know about this situation.

Gov. DeSantis Approves New Gambling Rules in Florida

Florida is one of the most populated states in the country. Many lawmakers and residents here have been pushing to expand the state’s gambling regulations for years. It hasn’t been easy due to the major pushback by the more conservative officials here.

Things have begun to change recently. A growing number of leaders in the state have been in negotiations with the Seminole Tribe on ways to expand gambling options in the state. At the moment, this tribe controls much of Florida’s gambling operations.

A major breakthrough was achieved this week. News has confirmed that Ron DeSantis has approved new gambling rules in Florida. If all goes according to plan, this could help to bring legalized sports betting to the state. First, it will need to be approved by the state legislature.

The new measures would allow both online and land-based sports betting in Florida. A 21 year age requirement would be set for sports betting here. The plan from DeSantis would also expand the number of casino options that the Seminole Tribe could offer.

Not everyone is on board with this idea. John Sowinski, a prominent anti-gambling voice in the state, spoke to the media and claims the decision to make new gambling rules in Florida should come down to a public vote.

“We call on the governor and our legislators to honor the will of the people, who demanded that any new casino gambling authorization occur at the ballot box, not behind closed doors in Tallahassee,” he said. “We are committed to defending the integrity of Florida’s Constitution, and ensuring that the will of the people is respected.”

Several steps are still needed to make changes here. Stay tuned for updates over the next few months!

Sports Betting Continues to Grow More Popular

Compared to most other countries, the United States’ sports betting industry is still in its infancy. It wasn’t until 2018 that any state other than Nevada was allowed to legally offer sports gambling options. With PASPA now gone, more than half the country has already approved sports gambling legislation.

This form of gambling is growing more popular every single year. As a result, states are seeing massive revenue figures coming in. Some, of course, are seeing more money from this industry coming in than others.

February ended up being a fairly unsuccessful month for the country’s sports betting industry. A large number of winning Super Bowl wagers led to handle decreases for many states. Things bounced back in a big way in March.

Several states posted large increases in sports betting revenue last month. Most analysts expect to see the same in April. It’s an exciting time for the industry and proves that the US is now home to the biggest sports betting market in the world.

It may not be long before states like California and Texas legalize sports gambling. Lawmakers in both of these states have been working with other state leaders on the issue. Even Florida seems close to getting its sports betting industry operational.

Are you excited to hear about the new gambling rules in Florida being approved? Do you think sports betting will become available here in 2021? Let us know in the comments section below!

Florida’s Casino Industry is Slowly Coming Back to Life

Every day, it seems like more casinos around the country begin to open back up. Florida has been one of the most aggressive states in reopening the economy. According to new reports, Florida’s casino industry is starting to come back to life.Florida Street Sign

Several South Florida casinos are opening up this week. It’s great news for gambling fans in the area. Now is the perfect time to look at which gambling venues are opening their doors here.

Let’s get into it!

Governor DeSantis Continues Allowing Businesses to Reopen

Like all other states, Florida’s leaders ordered almost all businesses to shut their doors back in March. Many criticized the state officials here for taking too long to make these orders. Many beaches remained open to the public here while other nearby states were basically shut down.

Time went on, and Florida’s infection rates remained fairly low. Eventually, Governor Ron DeSantis started giving certain businesses the green light to reopen. The state even started allowing major sports leagues to start operating here.

The WWE began hosting events in the state. Weeks later, the UFC moved its operations to Jacksonville. The MMA leader hosted three separate events in this city. Other state leaders began looking at Florida for advice on how to safely reopen.

Of course, Covid-19 infection rates continue to rise and fall around the country. In recent days, infection rates have begun rising in this state. In just one day, for example, 1,371 new cases were officially recorded here.

It’s a complicated situation. Leaders around the country are attempting to weigh the pros and cons of reopening their economies. Despite the rise in Florida’s cases, officials here are still pushing to lift regulations. It now appears that some of the biggest casinos will soon open their doors here.

Florida’s Casino Industry is About to Open Back Up

Many are surprised to find that Florida actually has one of the largest casino industries in the Southern United States. Some of these are racinos, offering just slot-style games. There are also many Native American casinos that offer Class III games such as slots and table games.

For months, all of these venues have been shut down. Members of the Seminole Tribe have discussed several different plans to safely reopen their gaming venues. Now, it appears they’re ready to resume operations.

According to new reports, the Hard Rock Hollywood Hotel-Casino and many other venues in Southern Florida will begin operating again on Friday. Obviously, a huge number of safety measures will be set in place. You can see some of them below.

  • Temperature checks will be required for all guests.
  • All guests will be required to wear masks.
  • Plexiglass barriers will be set on table games to divide players.
  • Hand sanitizing stations will be located throughout the casino floor.
  • Only 50% of the casino capacity will be allowed in.

These are just a few of the regulations being required. They may change as time goes on. Whether they become more or less intense is not entirely known.

Many are looking forward to Florida’s casino industry getting back on track. The Seminole Tribe has lost an incredible amount of money due to the regulations put in place here. We’ll make sure to offer updates on how much revenue is earned once these venues start accepting guests again.

Is Sports Betting Coming to Florida Soon?

State leaders seem to encourage casinos opening in Florida. Many feel the taxes earned from these venues will help the state recover from the past few months. The same can be said for almost all other states.

Over the past couple of weeks, we’ve seen many states around the country look more into the legalization of sports betting. More than 20 states now have a regulated sports betting industry and most of them are earning an incredible amount of revenue from the industry every single month.

Florida has not yet legalized sports betting. Several politicians have been working hard to change this. In order to do so, however, the state will likely need to come to an agreement with the Seminole Tribe on revenue and taxes.

In November of 2019, Senator Jeff Brandes presented several bills to legalize sports gambling. These were not approved. Many sports gambling advocates in the state are now working to come up with bills.

For now, state leaders seem focused on reviving Florida’s casino industry. Some of the best properties here, including the Hard Rock Florida venue, are scheduled to open up here later this week. Hopefully, sports gambling is approved here by the end of the year.

Stay tuned for more Florida gambling news over the next few weeks!

Gov. DeSantis Still Wants to Solve Florida’s Gambling Issues

For months, lawmakers in Florida have discussed ways to improve the state’s gambling industry. State officials have been trying to come to a deal with the Seminole Tribe, who own several major casinos. A deal wasn’t made this week, yet Governor Ron DeSantis is still determined to solve Florida’s gambling issues. Florida

There’s a lot going on here. As of now, the state cannot come to an agreement with the Seminoles on a new tax structure. Today, we’re going to look at what exactly is going on here.

Let’s get into it!

The Seminole’s Fight Over Gambling in Florida Has Lasted Months

The Seminole Tribe in Florida is one of the most notorious Native American groups in the country. Over the past few decades, this tribe has developed a massive casino industry. Unfortunately, tribal leaders have been fighting with Florida’s lawmakers over revenue-sharing deals.

In 2010, the Seminoles agreed to a compact with Florida that brought the state hundreds of millions of dollars annually. Tribal leaders now claim this deal is no longer valid. They are claiming that it was only agreed to for a period of 10 years.

Now, the tribe wants to negotiate the deal. In mid-2019, the first negotiations between the Seminole and Florida lawmakers took place. Hope was that a new compact could be agreed to before the end of the year.

That wasn’t the case. The previous compact officially expired in May. Since that time, the state has lost out on millions of dollars in gambling tax revenue. Both the tribe and state officials believe the other is in the wrong.

Unfortunately, this is causing some major issues. The state has threatened to shut down the tribe’s casinos. Meanwhile, Seminole leaders have been battling in the courts against politicians. Hope was that this week would finally bring an end to this fight. According to new reports, this is not the case.

Florida’s Gambling Issues Continue After Another Deal Falls Through

The Seminole tribe is taking a hardline stance here. For the most part, the tribe has been unwilling to enter into any kind of meaningful negotiations. That’s made it difficult for Florida’s House and Senate, who’ve been working to come up a new deal on their own.

This week, Florida’s House Gaming Control Subcommittee canceled another meeting between the two chambers. It was disappointing news for many who’d hoped to see this dispute finally come to an end. Even Governor Ron DeSantis is claiming he wants Florida’s gambling issues to be resolved.

“I have not met with them yet. But I would like to have a resolution, and so I anticipate meeting with them in the not-too-distant future,” DeSantis told the media. “I hope we can get something done. I think it would be good, if we can. But that is definitely on the agenda on the not-too-distant future.”

The Seminole tribe has officially stopped paying it’s annual $330 million to the state. For this reason, many lawmakers are making this dispute their number-one priority.

DeSantis seems focused on solving these issues. The tribes want a long-term deal with the state that cuts taxes. Officials want to ensure the state is getting what it’s rightfully owed. We’ll need to wait and see how this plays out over the next few months.

Sports Betting is Still Being Considered in Florida

In May of 2018, the Supreme Court struck down PASPA, giving every state in the country the ability to legalize sports gambling. Since that time, 21 states have officially passed legislation to regulate their sports betting markets.

This industry is proving to be incredibly lucrative. Taxes from legal sports betting is helping to bring many states millions of dollars every single month. As time goes on, more states are becoming interested in legalizing this form of gambling.

In November of 2019, the first sports betting bills were presented in Florida. Senator Jeff Brandes presented the legislation “specifying requirements for accepting wagers on sports events.” State officials have been reviewing these bills for the past few months.

It seems likely that Florida will soon regulate sports betting. The only issues may come from the Seminole tribe, who are likely to argue that sports betting should only be allowed inside their casinos. As of now, however, the legalization of both land-based and online sports gambling is being considered here.

Florida’s gambling issues have been dragging on for months. Is this the year they finally end? Stay tuned for more updates!