Casino Plans in Texas Are Being Stalled Once Again

Casino Floor

For years, certain officials within the gambling industry have been working to get legalized casinos in the state of Texas. It hasn’t been easy and many lawmakers have been pushing against these plans. New reports claim that the casino plans in Texas are being shut down once again.

It’s disappointing news for gambling enthusiasts in the state. Many believe that a legalized casino industry would help to boost revenue and tourism in Texas. Now is the perfect time to talk about why these plans are being stalled.

Let’s get into it!

Major Casino Companies Continue Pushing into Texas

There are a number of major casino hubs throughout the United States. Nevada remains the biggest and most lucrative in the country. New Jersey has also recovered over the past decade and is another hugely successful gambling destination.

The US also has a number of smaller up-and-coming casino hubs. Places like Colorado and Illinois are working hard to expand their number of gambling venues. Lawmakers in Illinois are even working hard to get a major casino-resort opened in the city of Chicago.

Many believe that Texas has the potential to become one of the country’s largest gambling hubs. This is one of the most populated states in the country. A growing number of individuals and politicians here have been claiming that a regulated casino industry would be hugely beneficial for the state.

Las Vegas Sands has been one of the biggest companies pushing to get casinos in Texas. Officials within LVS have been actively meeting with Texas lawmakers to get regulations changed. It hasn’t been easy for the company, which has already been dealt several bad hands over the past year.

Texas has been known as an anti-gambling state over the past few decades. There are almost no regulated forms of gambling available here. As time goes on, more individuals are complaining about this fact.

Unfortunately, it doesn’t appear that Texas will launch its casino industry anytime soon. Here’s what we know about this situation.

State Official Shoots Down Casino Plans in Texas

Texas has banned all land-based casinos for years. Like many other southern states, Texas believes that allowing casinos will result in additional crime and gambling addiction issues. As time goes on, more officials in the state are beginning to see the upside in this industry.

Many hoped that casinos would become legal in Texas before the end of 2021. Las Vegas Sands seemed to be making some real progress with its marketing efforts in the state. News has now broken that the casino plans in Texas are being put on hold, for now.

State Representative John Kuempel revealed that casinos will not be legalized in the state this year. In the end, the regulations failed to get approved during the state’s legislative session.

“There’s not time for it to pass this session,” he said. 

This isn’t a complete shock for analysts to hear. Texas is still home to a majority of anti-gambling lawmakers. It will take time for these officials to change their stance on this industry. Things are moving, though, and many are confident that casino regulations will be approved here within the next five years.

Sports betting has also been a major talking point for lawmakers in Texas over the past year. As many know, the US sports betting industry has been steadily growing since May of 2018. There are some clear signs that Texas is beginning to embrace this industry.

Many things need to be done in order for sports betting to become available in Texas. Here’s a look at when this form of gambling will become available here.

Will Texas Legalize Sports Betting in 2021?

The United States is now home to the largest sports betting industry in the United States. This all began after PASPA’s removal in 2018. This decision allowed every state in the country to legalize and regulate this industry.

Since that time, many have been calling to get its sports betting industry up and running. This state is well-known for having one of the largest sports markets in the country. The state would likely see a massive amount of revenue come in from a regulated sports betting industry.

Like casino gambling, it does not appear that 2021 will be the year that sports betting becomes available here. Regultaions were not approved before the end of the state’s legislative session. There is reason to hope that things change in 2022.

Many of the country’s most anti-gambling states are now looking into sports betting. It’s proven to be a massive source of valuable tax money for different states. There is also a massive demand among sports fans for regulated wagering options.

A lot could change in Texas over the next few years. It’s clear that lawmakers are beginning to change their stance toward this industry. We’ll be sure to offer updates on this situation over the next few months!

Are you disappointed to hear that casino plans in Texas are being postponed? When do you expect sports betting to become available here? Let us know in the comment section below!

More State Residents Push to Allow Legal Casinos in Texas

Texas State Flag

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

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

Let’s get into it!

Las Vegas Sands Continues Pushing Into Texas

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

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

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

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

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

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

Majority of Residents Support Allowing Legal Casinos in Texas

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

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

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

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

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

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

Las Vegas May Bounce Back This Summer

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

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

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

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

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

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