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Casino, Louisiana

Officials Weigh the Pros and Cons of a St. Tammany Casino

By James Murray

Louisiana State Seal With Casino Background

Louisiana’s lawmakers continue working to expand the state’s gambling industry. Recently, a push to open more casinos around the state has been taking place. Officials are now beginning to weigh the pros and cons of a St. Tammany casino opening its doors.

A lot has been happening in Louisiana’s gaming industry lately. More gambling options are set to become available here in the near future.

Here’s what you need to know about another proposed casino here.

Analysts Predict St. Tammany Casino Will Have a Positive Impact

The state of Louisiana is home to a huge number of popular casinos. Many of these are located in the Baton Rouge area. Orleans also plays host to some of the most popular gaming venues currently operating in the state.

Not long ago, officials began presenting plans to open a new casino in St. Tammany. The proposed casino-resort, called Camelia Bay, has been under intense scrutiny lately. Experts wanted to know how the opening of this venue would affect the area in the future.

New reports have surfaced claiming that the St. Tammany casino would likely have a positive impact on both the city of Slidell and St. Tammany parish as a whole. Suzanne Leckert, author of this study, offered some insight into the findings to the media this week. She claims that those fearing negative impact of this venue do not need to be concerned.

“Through the research we see moderately positive impacts from similar developments across the country all the way down to just no impact, but we have not been able to uncover the negative impacts that many communities have feared,” Leckert said. 

Voters in St. Tammany will vote on whether or not to allow this property on December 11. We’ll be sure to offer updates on this possible property over the next few months.

Louisiana’s Statewide Sports Betting Options Could Launch Next Week

2021 is slowly coming to an end and several states around the country have been working to finally get their sports betting industries launched. That includes Louisiana. Voters here approved a measure to legalize sports gambling in late 2020, yet only a few sportsbooks have gone live here.

Fortunately, it appears that statewide sports betting could finally go live here next week. Officials are looking at a November 1 launch date for this industry. It’s extremely exciting news for millions of sports fans in the state.

The laws passed here in 2020 allow for online sportsbooks to go live here. The current plan is only for land-based sportsbooks to launch here. The state’s first internet sportsbooks are expected to finally launch within the next few months.

Several major sports betting companies have already earned licenses to operate here. That includes Caesars Entertainment. Many experts believe that Louisiana has the potential to grow into one of the most successful sports gambling hubs in the country.

The casinos currently operating in Louisiana have been hugely successful throughout most of 2021. Not long ago, reports on the state’s casino revenue over September were released. Here’s a look at how much money was brought in.

Breaking Down Louisiana’s Latest Casino Revenue Figures

Louisiana is known for having one of the most successful gambling industries in the United States. Casinos have been allowed to operate here for many years. Throughout most of 2020, these properties struggled to generate any real money due to shutdowns and travel restrictions.

Things have been much different in 2021. The casinos here have been reporting consistent increases in revenue over the past ten months. This was once again the case in September, where the casinos here managed to bring in $159.7 million in total GGR.

This represents a staggering 21.4% increase when compared to September of 2021. L’Auberge Casino in Baton Rouge proved to be the most successful property in the state. Over September, this casino managed to bring in $13.3 million in total revenue.

It’s clear that Louisiana’s casino industry continues to thrive. It seems that sports betting options are set to become available here soon. Several new casinos are expected to go live here in the near future, as well.

Are you excited to hear about a St. Tammany casino open its doors? Will this casino be successful? Let us know in the comments section below.

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Casino, Illinois

Officials Continue to Narrow Down a Location for the Chicago Casino

By James Murray

Chicago Casino Gambling Background

Lawmakers in Illinois have been working to expand the state’s gambling industry for years. Much of the focus has been on getting a gambling venue in the city of Chicago. It’s been a long, arduous process, yet new reports claim that officials are beginning to narrow down a location for the Chicago casino.

This is exciting news for those in the Chicago area. Not everyone is convinced that a casino will actually open its doors here, though. Now is a great time to talk about when and where this new property could open its doors.

Let’s get into it!

A Location the Chicago Casino Will Be Decided Soon

Illinois is known for having one of the largest casino industries in the Midwest. In 2019, lawmakers here approved a new Capital Plan to significantly expand their state’s gaming options. Under this new plan, several new casinos gained permission to open here. That includes a brand new Class III casino in Chicago.

This would be the first casino to open its doors in the Windy City. Officials are now working to narrow down two locations for this venue. It seems that suburbs in the city’s Southern suburbs are the top options right now.

One location near the border of Homewood and East Hazel Crest is being considered. Another by Matteson is also in the running. City officials, including mayor Lori Lightfoot, are now working with city groups to ensure these locations will bring about the most revenue and tourism possible. Wind Creek Hospitality CEO Jay Dorris expressed his excitement about the progress being made to the media this week.

“This development promises to be the best in and for the entire Southland region – with job creation, economic and community investment, sustained operational excellence, and a strong commitment to diversity and inclusion in all phases of construction and operation,” Dorris said. 

If all goes according to plan, the location for the Chicago casino will be announced before the end of 2021. It will then take some time for construction on this property to complete. Stay tuned for updates!

Illinois’ Sports Betting Industry Continues to Impress

Illinois isn’t just known for its popular casinos. Back in 2020, the first regulated sportsbooks went live here. In this relatively short period of time, Illinois has developed one of the most lucrative sports betting industries in the United States.

The sports betting operators here continue to impress. Revenue figures throughout 2021 have been wildly impressive and are showing no signs of slowing down. More than $400 million was wagered on sports here over the month of August.

Many are now expecting September to be the most successful month in history for this industry. This month marked the start of the 2021/2022 NFL season. NFL betting revenue has been surging around the US and Illinois will likely report huge tax revenue earnings thanks to the start of the season.

Only New Jersey and Nevada have more successful sports betting industries than Illinois. Some feel this state has the potential to take the top spot in the future. It will be interesting to see how popular sports gambling becomes over 2022 in other areas of the country.

Most US casino hubs are faring well right now. Let’s take a look at some of the other states to recently report large increases in casino revenue.

More States Report Casino Revenue Increases Over September

September tends to be a successful month for the US casino industry. This past September proved that theory to be correct once again. Most states around the country reported significant increases in their casino revenue figures this month.

That was certainly the case in Louisiana. The casinos here reported a nearly 16% jump when compared to the month of August. The Belle of Baton Rouge proved to be the most successful gambling venue in the state and experienced an impressive 38% month-on-month revenue increase.

Pennsylvania is home to one of the largest casino industries in the United States. Over September, total gaming revenue in the state came out to $415.6 million. Rivers Casino saw the largest revenue increase at 43.6% when compared to September of 2020.

Oklahoma and New Jersey also saw impressive jumps in their monthly revenue figures. It’s great news for all of the casino companies in these states. We’ll continue offering updates on the growing US casino industry as the months go on.

Are you excited to finally hear the location for the Chicago casino? Where do you expect this property to open? Let us know in the comments section below.

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Casino

Two Casinos in New England are Ranked the Best in the US

By James Murray

Mohegan Sun Casino And Foxwoods Resort

The US casino industry has expanded over the past couple of decades. The days when only Las Vegas featured world-class gambling venues are over. Reports surfaced this week claiming that two casinos in New England have been ranked as some of the best in the country.

This is a big accomplishment for these properties. It also goes to show that this area is developing into a real gambling hub. Now is a great time to talk about which properties received this prestigious award.

Let’s get into it.

Two Casinos in New England Make Prestigious Awards List

For many years, lawmakers in Massachusetts pushed against allowing any casinos to open in the state. It was frustrating for the gambling advocates here that pointed toward the huge amount of tax revenue that could be earned by regulated casinos. Finally, in 2013, a law was passed to finally allow Class III casinos to run inside Massachusetts.

Connecticut is another state with a growing casino industry. Casinos have been legal here since the 90s and several tribes have opened truly world-class properties here. These two states have helped to expand what was already a solid gambling region of the country.

News broke today that two casinos in New England were named as some of the best in the country by USA Today. The first is the Foxwoods Resort Casino. This property is home to more than 4,500 slots, 300 table games, and the largest poker room on the East Coast.

“One of two premier gaming resorts in Connecticut, Foxwoods Resort Casino offers 4,500 slot machines–ranging from penny games to $100 minimums–as well as 300 table games, high stakes Bingo at one of the world’s largest Bingo halls, a race book with 50-foot digital projection screens and the largest poker room on the East Coast. Four unique hotel properties and over 30 restaurants make it easy to stay and play,” USA Today wrote. 

The Mohegan Sun in Uncasville, Connecticut also earned a spot on this list. This property was actually named the best casino hotel. Anyone on the East Coast should at least consider visiting one of these impressive venues to see what all the hype is about!

More Northeastern States Work to Expand Their Gambling Industries

Massachusetts and Connecticut are far from the only states in the Northeastern US with large and successful gambling industries. As many are aware, New Jersey is home to the largest overall gaming industry on the East Coast. New York and Pennsylvania are also working to expand their number of gambling options.

In time, the Northeastern US could grow to become the most profitable gambling region in the country. Many of the states here are currently working toward expansion. Sports betting, in particular, has been growing steadily in this area since PASPA was removed in 2018.

Maryland is one state currently working to finally launch its first sports betting options. Unfortunately, officials are still working to come up with a concrete set of rules to monitor this form of gambling. Several casinos have gained licenses to operate sportsbooks here, yet none have so far launched in the state.

Massachusetts is another state that appears to be on the brink of legalizing and regulating sports betting. A special council was set up here to weigh the pros and cons. Based on the progress being made, sports gambling will go live here in 2022.

There are many changes being made in the US gambling industry. The Northeastern area of the country continues to expand its number of gambling options. Two casinos in New England are even ranked as some of the best in the country! Stay tuned for updates on this situation as time goes on.

Las Vegas Continues to Thrive Through 2021

The entire US gambling industry has been performing well through the first ten months of the year. Las Vegas remains the biggest gambling hub in the country. Here, casino companies continue to report impressive revenue figures.

Many world-class casinos are currently based here. That includes MGM Resorts, which owns and operates a huge number of popular casinos throughout Las Vegas. That includes The Cosmopolitan, which this company recently took control of.

Over the month of August, the casinos in Las Vegas reported more than $1 billion in total GGR. The vast majority of this money was earned by venues on the Las Vegas Strip. Many are predicting that September will be an even better year for the city.

The start of the 2021/2022 NFL season has helped to bring a massive surge of sports bets here. Many have also made the trip to Las Vegas to visit Allegiant Stadium, where the Las Vegas Raiders play. This boost in tourism always results in more gaming revenue. We’ll be sure to offer updates on the city’s September revenue figures as they are released.

Are you surprised to hear how highly-ranked the two casinos in New England are? What do you think is the country’s next big gambling hub? Let us know in the comments section below!

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Casino, Maryland

More Casinos in Maryland Receive Permission to Launch Sportsbooks

By James Murray

Maryland Lottery And Gaming Sports Betting Background

Maryland is one of the latest states to formally legalize sports betting. Several land-based sportsbook licenses have already been awarded in the state. New reports have just surfaced claiming two more casinos in Maryland have just received permission to launch their own sportsbooks in the near future.

Sports fans here have been excited to see more betting options become available. Some major changes are set to take place within Maryland’s gambling industry over the next few years.

Here’s a look at which casinos will soon allow sports betting.

Two Casinos in Maryland Gain Permission to Offer Sports Betting

The US sports betting industry continues to expand rapidly. Maryland formally legalized sports betting earlier this year. Several delays have come up getting the state’s various sports gambling options up and running.

This week, news broke that two popular casinos gained permission to formally launch their own sportsbooks. Those casinos are the Ocean Downs Casino and Hollywood Casino. Both have large fan bases and have been working to receive a sportsbook license for months.

MGM National Harbor, Live! Casino & Hotel and Baltimore’s Horseshoe casino also have licenses to operate sportsbooks. Unfortunately, none of the state’s sportsbooks have gone live yet. This is due to the Maryland Lottery and Gaming Control Commission’s inability to formally give the green light. Governor Larry Hogan spoke to the media about this situation earlier this week.

“No one is pushing harder than I am to get sports betting up and running here in the State of Maryland,” Hogan said. “Our administration has now cleared five licenses for sports betting, implementing the referendum approved by voters and the law passed by the General Assembly.”

Still, it’s exciting to see more casinos in the state gain sports betting licenses. Once final approval is given, the state will likely see a huge surge of taxable sports betting revenue flowing in. Stay tuned for updates!

Casino Revenue in Maryland Continues to Impress

Much of the Northeastern United States has been working to expand its gambling industry over the past couple of years. That includes Maryland, which is now home to six different casinos. Some of these properties are owned and operated by the most profitable casino companies in the United States.

States around the country have recently released their revenue reports over the month of September. That includes Maryland. Many have been surprised to see how much money the gambling venues in this state managed to bring in.

Total gross gaming revenue came out to $165 million over September. This represents an impressive 15.1% increase when compared to September of 2020. MGM National Harbor managed to bring in the most revenue at $69,496,983.

Live! Casino & Hotel, home to 3,747 slot machines and 190 table games, brought in the second-most money at $56,496,012. Horseshoe Casino came next with $17,532,299.25. Nearly all of the casinos in the state managed to earn more revenue in September than they did the month prior.

Maryland’s casino industry is proving to be successful and sports betting options will soon launch here. We’ll be sure to offer more updates on this state’s gambling industry as the year goes on.

Florida’s Sports Betting Industry Could Launch Next Month

Maryland is not the only state to legalize sports betting, yet delay launching any sportsbooks. Florida is in a very similar situation. Unlike Maryland, however, this state’s delay came from several lawsuits filed by pari-mutuel companies operating in the state.

Governor DeSantis finally agreed to a compact with the Seminole Tribe this year to launch sports betting in the state in August. Under this agreement, the Seminoles will have permission to launch online sports betting statewide. Two pari-mutuel operators claim this is unconstitutional and will give the tribe a full monopoly on sports betting in the state.

Not long ago, a federal judge threw away the lawsuit directed at the Seminole Tribe. This didn’t resolve everything, though. An additional lawsuit was filed against the Department of Interior that has further delayed the launch of sports betting here.

This second lawsuit is expected to be resolved in November. Assuming the DOI wins, online sports betting will go live in the state. This means Florida residents could have access to regulated sports gambling options statewide within just a few weeks.

Are you excited to hear that more casinos in Maryland have gained permission to launch sports betting? When do you expect the first sportsbooks to go live here? Let us know in the comments section below.

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Sports, Sports Betting

NFL to Launch $6.2M Responsible Betting Campaign

By Brian Walker

Buccaneers in Formation on Left Sportsbook Moneylines on Right NFL Logo On Bottom Right Corner

The NFL announced that it will be launching a $6.2 Million campaign for responsible betting.

With a slogan “Stick to your Game Plan. Always Bet Responsibly”, the initiative aims at educating bettors the risks of gambling and know where to get help when things go out of hand. The NFL is partnering with the National Council on Problem Gaming to improve the latter’s nationwide help line while also creating new treatment programs and improve existing ones.

Said Christopher Halpin, NFL executive vice president and chief strategy and growth officer:

“Sports betting is supposed to be fun. NFL’s executive vice president, chief strategy and growth officer. “We feel it is critical that the NFL uses the power of our voice to educate and encourage fans who choose to gamble to do so in a safe and responsible way. We also recognize that responsible betting programs across the country are under-resourced, especially as legalization spreads nationwide.”

17% of NFL Fans are Frequent Sports Bettors

Announced as a three-year effort, the NFL’s responsible betting initiative will utilize in-game messaging, broadcast, print, social media outreach, and in-stadium messaging to deliver its message. Some of the content will target people who are too young to legally place sports wagers but may feel tempted to do so.

The NFL said that 17% of NFL fans aged 21 or over describe themselves as frequent sports bettors while 30% call themselves casual sports punters or potential bettors who said they want to bet on the NFL once sports betting is legalized in their state. According to the American Gaming Association, 45 million Americans plan to place bets on the NFL this year, which is a sharp increase of 36% from the previous year’s survey result.

NFL Has Embraced Sports Betting

Since the U.S. Supreme Court repealed the 1992 Professional and Amateur Sports Protection Act in 2018, legal sports betting has grown exponentially in the United States. To date, a total of 26 states plus the District of Columbia have legal and regulated sports betting up and running. A handful of other states have already passed their own legislation but have yet to go live.

With the massive revenue potential, the NFL has grown to embrace legal sports betting after being strongly opposed to it for decades. Sportsbook partners are common among NFL teams and the league recently approved sportsbook commercials by exclusive sports betting partners during TV and Game commercial breaks.

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Casino, Pennsylvania

New Reports on Pennsylvania’s Casino Revenue for September are Out

By James Murray

Pennsylvania State Seal With Hollywood And Rivers Casino

Pennsylvania continues to develop one of the most successful gambling industries in the United States. Throughout most of the year, casino revenue has been steadily rising here. New reports on Pennsylvania’s casino revenue for September are now out and many are impressed to see how much the gambling venues here managed to bring in.

Some analysts feel that this state could soon be a real competitor with other gaming hubs in the country. Today, we’ll take a close look at the latest revenue reports here.

Let’s get into it!

Pennsylvania’s Casino Revenue for September Passes $415 Million

The Northeastern US is currently developing a massive gambling industry. Atlantic City has been the region’s casino hub for decades. In recent years, other states including Pennsylvania, New York, and Maryland have worked to offer more gaming options to their residents.

Pennsylvania now appears to be the main competitor to New Jersey’s casino industry. 15 different casinos are spread around the state. A large number of smaller “mini-casinos” are also up and running here. These help to generate major revenue figures each month.

This week, reports on Pennsylvania’s casino revenue for September were released. Some have been surprised to see that the casinos here managed to bring in $415 million in total GGR. That represents a 46% increase when compared to September of 2020. It remains lower than the all-time record set last July at $423.6 million, though.

Parx Casino in Bucks County managed to bring in the most revenue at $57.1 million. Rivers Casino in Pittsburgh saw impressive figures at $33.1 million. Most of the casinos here posted solid revenue figures over the month and are likely happy with the progress being made throughout the year.

Of course, Pennsylvania’s gambling revenue figures remain far below what New Jersey has been able to bring in. Let’s look at how the casino companies operating in Atlantic City fared last month.

Breaking Down New Jersey’s Latest Gaming Revenue Figures

2021 has been an exciting year for New Jersey’s gambling operators. Most have seen record-breaking revenue figures on several occasions already. This past September proved to be the biggest month in history for the state’s sports gambling industry.

The sports betting companies here saw a conbined handle of more than $1 billion in September. That marks the first time any state experienced a sports betting handle past the $1 billion mark. Of that, $82.4 million was kept by the state’s regulated sportsbooks.

Total gross gaming revenue in the state across its various regulated gambling options came out to $405.1 million. That represents a 39% increase from September of 2020. The nine land-based casinos in Atlantic City saw $248.5 million in revenue earned.

Once again, slot machines proved to be the big earners for these casinos. Slots accounted for $182 million in total revenue. Table games brought in $66.5 million. It’s clear that tourism remains high in Atlantic City and should remain that way for the foreseeable future.

Numerous records have been set over in Las Vegas this year, too. Unfortunately, not all of the casino operators here are releasing encouraging revenue reports.

Nevada’s Casino Companies Report Fluctuating Revenue Figures

Numerous states are growing more focused on expanding their gaming industries. Despite their best attempts, however, none is likely to ever become a real competitor to Nevada. The casino industry in Las Vegas remains the world’s most profitable and 2021 has been a tremendous year for the gambling venues here.

Interestingly, many of the casino operators here have reported poor revenue figures over 2021’s third quarter. That includes Las Vegas Sands, one of the world’s most powerful casino companies. This company is anticipating to come up far short of the early estimate for the quarter, largely due to poor earnings from its properties in Macau.

Not every company here has been struggling. MGM Resorts appears to be having a fantastic quarter and has been working to expand recently. MGM CEO Bill Hornbuckle is now embracing the online casino industry and believes it’s time for Nevada to allow online casino gaming options.

Other companies here including Wynn Resorts and Caesars Entertainment appear to be performing well, too. Many are curious to see how well these companies perform through the year’s final months, as well. We’ll be sure to offer more reports on these revenue figures as the year goes on.

Are you surprised to see Pennsylvania’s casino revenue for September? How do you expect the casinos here to perform through the rest of 2021? Let us know in the comments section below.

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Sports, Sports Betting

Penn National Completes Purchase of Score Media and Gaming

By Brian Walker

Penn National Gaming
Penn National Gaming announced on Tuesday that it has completed the purchase of Score Media and Gaming.

The acquisition of theScore solidifies Penn Gaming’s digital media and gaming strategy by creating a a one-stop entertainment destination.theScore is the most popular sports media app in Canada and the third in North America.

Said Penn National Gaming President Jay Snowden in a statement:

“We’re excited to be creating this powerful new entertainment flywheel that will provide us with multiple growth channels that transcend our current business verticals. We look forward to entering the Canadian gaming market, which represents a compelling new opportunity, and are proud to have John Levy and his family and their entire team bring their best-in-class technology, unique perspective and skill sets to our Penn National family.”

Purchase Was to Complement Sports Betting Assets

Last August, Penn National Gaming announced that it will be purchasing Score Media and Gaming for $2 billion. According to the announcement, Penn National wil pay Score Media share holders $34 per share in a mix of stock and cash. Score Media share holders will receive $17 cash per share plus 0.2398 shares of Penn National common stock for each Score share.

The purchase was intended to complement Penn National Gaming’s investments in sports betting. In January 2020, Penn National Gaming bought a 36% stake in Barstool Sports for $163M and since then Barstool Sports has spun out a betting app.

Two Powerful Sports Media Assets

With the acquisition of Score Media, Penn National Gaming will get the company’s estimated 4 million daily active users, including one thirds of which are located in Canada, where sports betting is limited to parlay bets. However, two-thirds of the users are in the United States across Colorado, Indiana, Iowa, and New Jersey.

Pairing theScore and Barstool Sports gives Penn National Gaming two of the most powerful and unique sports media assets which have the capability to generate engagement, customer acquisition, and retention across its media and gaming properties.

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Atlantic City, Casino

Here’s What We Know About the Atlantic City Casino Thefts

By James Murray

Atlantic City Casinos With Check And Handcuffs

Atlantic City remains one of the biggest and best gambling hubs in the United States. Occasionally, these gaming venues draw attention from criminals. New reports surfaced this week that provide more information on the Atlantic City casino thefts that took place over the summer.

The casino companies operating in Atlantic City have dealt with a lot over the past year. Now is a great time to talk about the recent thefts that took place at some of the casinos here.

Let’s get into it!

More Details on the Atlantic City Casino Thefts have Just Surfaced

There has been a huge amount of attention placed on Atlantic City’s casino industry over the past nine months. To the surprise of some analysts, the gambling venues here experienced a massive comeback from the events that unfolded in 2020. Gambling revenue has been increasing here and tourism into the city remains high.

Not everything goes perfect for these casinos, though. Over the summer, reports surfaced that a group of individuals had attempted to steal a large amount of money from several of the casinos here. This week, more details on the recent Atlantic City casino thefts were released to the public.

Five individuals have now been charged with trying to steal an astounding $1.1 million from the casinos here. Prosecutors claim these individuals passed fraudulent checks in their attempt to take this money. Suspicions were raised in late August and it didn’t take long for casino officials to recognize the crimes being committed. Acting New Jersey Attorney General Andrew Bruck commented on this situation to the media this week.

“The defendants were caught executing a sophisticated financial scheme spanning multiple casinos and over a million dollars in fraudulent checks,” Bruck said. “This case is just one example of the excellent work — in this instance across international borders — performed by the members of the New Jersey State Police and Division of Criminal Justice who are assigned to investigate and prosecute crimes in the casinos.”

All five of the defendants involved in this case face serious charges. If convicted, they each face up to 10 years in prison. We’ll be sure to offer more updates on this situation over the next few months.

Sports Betting Revenue Continues to Surge in New Jersey

New Jersey is widely credited with being one of the states responsible for having PASPA removed. Officials here quickly approved sports betting legislation following PASPA’s removal in mid-2018. Since that time, New Jersey has developed the largest and most successful sports betting industry in the United States.

Sports betting revenue has been surging in this state through most of 2021. Things took a slight dip over the month of August. As many predicted, however, September proved to be one of the most successful months in history for the sports betting industry here.

Over the month of September, the sportsbooks here saw more than $1 billion wagered. Of that handle, $82 million was kept by sportsbooks. Those are outstanding figures for this industry that prove that sports betting continues to grow more popular every year.

Casino revenue is up in the city, as well. In-person casino revenue is up 30% when compared to September of 2020. $248.5 million was brought in from the state’s casinos. $122.5 million was brought in through the state’s online casino platforms.

Just about everyone involved with Atlantic City’s gaming industry is happy right now. Hope is that the upward trend continues through the rest of 2021. Stay tuned for more reports on the revenue figures here as the year continues.

More States Report Gambling Revenue Increases

Atlantic City has been the most profitable gambling hub on the East Coast for decades. This city is beginning to experience more competition from neighboring areas, though. Several states in the Northeastern US have recently begun to expand their gambling laws and are working to bring in more tax revenue from casinos and sportsbooks.

Massachusetts is one of those states. Casinos have been operating here for nearly a decade. There are now three casino-resorts in the state, all of which help to bring the state large amounts of tax revenue each month.

Reports came out today claiming Massachusetts’ casino revenue hit a three-month high over July, August, and September. The month of July proved to be the most successful, as the casinos here brought in more than $95 million. August came next at $92 million. September saw just a slight step down as the casinos managed to bring in $89 million.

New York’s lawmakers continue debating whether or not a Class III casino should receive permission to open in New York City. Many claim it will help to boost tax revenue and tourism. Others worry it will lead to gambling addiction and other social issues within the city. More information on this proposed casino is expected to come out shortly.

Are you surprised to hear about the Atlantic City casino thefts? Which state is best suited to compete with Atlantic City’s casino industry? Let us know in the comments section below.

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Online Gambling, Poker, Roulette, Sports, Sports Betting

Betway Inks Sponsorship Deal With Dallas Mavericks

By Brian Walker

NBA Basketball With a Money and Court Background
Betway has secured a multi-year sponsorship deal with the Dallas Mavericks in its latest foray in the United States sports betting market.

The Super Group-owned sports betting company has been busy penetrating the NBA for sponsorship deals and now has added the Mavericks to its list of partner teams in North America’s premier basketball league.Under the agreement, Betway becomes the Mavericks’ official and exclusive free-to-play partner. Betway also secuers branding rights which will put its international-recognized logo around the Mavericks’ home court at the American Airlines Center.

Said Dallas Mavericks SBP for Corporate Sponsorship Ryan Mackey:

“Betway has been a phenomenal partner from the beginning, working with us to navigate this industry in a state where there are still many uncertainties yet potential for massive growth. We look forward to providing tremendous value to both Betway and our fans.”

Betway Continues Big Push for Sports Sponsorship Deal

The Mavs’ deal marks the sixth such deal for Betway which continues its big push for sports sponsorship deals to penetrate the fast-growing sports betting market in the United States. Previously, Betway forged deals with NBA teams like the Brooklyn Nets, Chicago Bulls, Cleveland Cavaliers, Golden State Warriors and L.A. Clippers.

Dallas isn’t in a state where sports betting is legal, just as Chicago is. However, the Mavs’ popularity as a globally recognized brand with international basketball superstars like Luka Doncic and Kristaps Porzingis made the team very attractive to Betway. The sports betting company also noted the Mavs NBA record for sell-out games as a good indicator that the franchise will help promote the Betway brand in the United States.

Making Moves in the United States

Betway first expanded in the United States through a deal with Digital Gaming Corporation earlier this year to launch in 10 U.S. states. So far, they have been able to penetrate four markets, namely New Jersey, Colorado, Pennsylvania, and Indiana.

The European-based gambling company also signed an agreement with gaming supplier Evolution for its live casino and “first person” random money generator casino games. The live casino games include roulette, blackjack, baccarat, and poker. Betway plans to roll out these products in New Jersey and Pennsylvania in the coming months.

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Atlantic City, Casino

The Ilitch Organzation’s Ocean Casino Purchase Has Been Finalized

By James Murray

Ilitch Holdings Inc Ocean Casino

Atlantic City’s casino industry is beginning to draw in the eyes of major investors. Not long ago, news broke that the Ilitch family had planned to purchase a stake in one of the city’s most popular casinos. News broke today that the Ilitch Organization’s Ocean Casino purchase has now finally been completed.

Things have turned around for this property in a major way. It wasn’t long ago that it was one of the worst-performing casinos in the city. Now is a great time to talk about some of the recent news regarding this venue.

Let’s get into it!

Sources Confirm the Ilitch Organization’s Ocean Casino Purchase is Complete

2021 continues to be the best year in history for the US casino industry. Tourism to major gaming hubs such as Atlantic City has been steady throughout the year. Many of the country’s biggest gambling companies have been reporting consistent rises in their revenue figures.

These revenue gains have been attracting serious investors lately. That includes the Detriot-based Ilitch Organization. This company revealed it planned to purchase a stake in the Ocean Casino Atlantic City earlier this year and the process to do so has been ongoing.

This week, news broke that the Ilitch Organization’s Ocean Casino purchase has been complete. The New Jersey Casino Control Commission formally gave its approval for the Ilitch Organization to acquire 50% of the property for $175 million. Luxor Capital Group, the other owners of this property, released a statement to the media today expressing excitement about this news.

“We are excited to welcome the Ilitch organization to Atlantic City,” Luxor officials said. “Their investment gives Ocean access to growth capital, and provides a strategic partner to Luxor. Over the last year, Ocean’s team has progressed under new leadership that features top executives in the gaming and hospitality industries. Since that time, Ocean has strengthened its position in the market and continues to gain market share. We look forward to moving the business forward with Ilitich’s partnership.”

Many of the casinos in Atlantic City are now anticipating another phenomenal year in 2022. Here’s a look at how things may change in this East Coast gaming hub over the next 13 months.

Forecasting Atlantic City’s Performance in 2022

Major gambling hubs like Atlantic City and Las Vegas were devastated by the events that unfolded last year. Some predicted the country’s land-based casino industry would take years to recover. Incredibly, things have turned around in a major way throughout 2021 and analysts are now looking ahead at what to expect next year.

There is reason to believe that things will continue to improve. The pandemic appears to be slowing down once again and that could lead to renewed interest in travel. Many on the East Coast will likely make the trip to Atlantic City for its gambling and entertainment options.

Many of the properties here have recently announced major renovation projects. It seems these are being done in an attempt to bring in more visitors. The Ilitch Organization’s Ocean Casino purchase may help to fund the renovation project being planned inside this venue.

Atlantic City’s sports betting industry will continue to thrive as well. It may face more competition from New York, which plans to launch its own online sportsbooks in the near future. That could lead to lower revenue figures for New Jersey-based sports betting companies.

The future looks bright for Atlantic City next year. Assuming another variant does not bring the country to a standstill, the casinos here should see some impressive revenue figures.

More East Coast Gaming Hubs Look at Expansion

New Jersey is not the only state in the Eastern United States with an impressive casino industry. In recent years, many of the states in this area have looked to expand their own casino and sports betting industries. There is simply too much money on the table for various state leaders to ignore.

Pennsylvania has quickly developed one of the biggest gambling markets in the country. A huge number of tribal and commercial casinos currently operate here. This state is also home to a large and very successful sports betting industry.

Maryland is doing what it can to compete with other gambling hubs in the region. A few casino-resorts are currently operating here. Online sports betting launched here recently and officials are now working hard to get the state’s first land-based sportsbooks up and running.

The aforementioned New York is looking more closely at gambling expansion plans, too. State leaders have begun to realize how much revenue is flowing into Pennsylvania and New Jersey. A push for a Class III casinos in New York City continues and online sportsbooks could launch here in 2022.

What do you think of the Ilitch Organization’s Ocean Casino purchase? How do you think Atlantic City will fare next year? Let us know in the comments section below!