Saturday, January 29, 2022

Seminole Hard Rock Hotel & Casino Hollywood Announces Winners of 2022 Lucky Hearts Poker Open

Seminole Hard Rock Hotel & Casino Hollywood Announces Winners of 2022 Lucky Hearts Poker Open



Hollywood, Fla. (Jan. 28, 2022) – Seminole Hard Rock Hotel & Casino Hollywood concluded its 2022 Lucky Hearts Poker Open (LHPO) on Wednesday with the second biggest World Poker Tour (WPT) live field in its history. Besting 1,982 entries in the WPT LHPO Championship, Alexander Yen of Indianapolis, Ind. made history by winning $975,240.

“It feels absolutely incredible,” said Yen. “I’ve never won a live tournament before. I don’t even think I’ve won online, so this is a pretty unreal feeling.”

The $3,500 WPT LHPO finale boasted a final prize pool of more than $6.3 million, easily exceeding the $2 million guarantee. The last 248 spots were paid $6,275 for a min-cash.

Championship Final Table Results:

1st: Alexander Yen Indianapolis, Ind. $975,240

2nd: Anton Wigg Stockholm, Sweeden $650,180

3rd: Daniel Lazrus Long Island, N.Y. $482,380

4th: Nicholas Verderamo Baltimore, Md. $361,130

5th: Josh Kay Delray Beach, Fla. $272,830

6th: Omar Lakhdari Paris, France $208,025

The 33-event LHPO kicked off on Thursday, Jan. 13 with the $600 Deep Stack No Limit Hold’em (NLH) opener. With a state record of 4,960 entries, the event more than doubled the $1 million guaranteed, creating a total prize pool of more than $2.5 million. Farid Jattin Miami, Fla. won the opener earning $306,832 after a heads-up deal with second place finisher Dustin Nelson Tallahassee, Fla.

Other signature event winners include:

Jonathan Jaffe Plantation, Fla. winning the $25,500 High Roller NLH (Re-Entry) for $574,085

James Romero Wilsonville, Ore. winning the $2,200 Deep Stack NLH (Re-Entry) for $167,285

Taylor Von Kriegenbergh Jersey City, N.J. winning the $5,000 Deep Stack NLH (Re-Entry) for $220,495

Poker Action will return to Seminole Hard Rock Hollywood with Seminole Hard Rock Poker Showdown March 24 – April 12, 2022, headlined by the $400 Deep Stack NLH series opener with a $500,000 guarantee and the $3,500 WPT Poker Showdown Championship boasting a $3 million guarantee.

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Seminole Hard Rock Hollywood


Friday, January 28, 2022

Casino News Media Blog: Online Casino and Game Software Market 2022: IGT, GammaStack, Playtech, Betconstruct, Softgamings, Microgaming, SBTech, Betsys, Digitain, BetRadar, EveryMatrix, Novomatic, SB Betting Software etc…

Online Casino and Game Software Market 2022: 

IGT, GammaStack, Playtech, Betconstruct, Softgamings, Microgaming, SBTech, Betsys, Digitain, BetRadar, EveryMatrix, Novomatic, SB Betting Software etc…



Casino News Media Blog: Casinos Of The World - Flashback to 2012

Casinos Of The World: Land Based And Online, Casino Awards By Media Man And Casino News Media; Flackback to 2012


Global Gaming Directory World Casino Directory Media Man And Casino News Media Awards - August 2011 Media Man and Casino News Media have awarded their casino award winners and finalists for August 2011. Land Based Australian Casino Of The Month: Crown Casino, 2nd The Star (formally Star City Casino), 3rd Burswood Casino, 4th The Reef Hotel Casino (Cairns) Online Casino Of The Month: Virgin Casino  Grand Reef Online Casino  Paddy Power Online Casino 

*Online casino awards are based on a combination of gameplay, trustworthiness, ethics, customer feedback, affiliate program offerings, word of mouth, customer experience and overall offerings

*Media Man and Casino News Media have been awarding the 'Casino Of The Month' accolade for the land based and online sector since 2009. 

 Punters, here's 10 of the world's top land based casinos for you to mark down in your travel plans. Monte Carlo, Monaco: Perched above the Mediterranean and bounded by the French and Italian coastlines on either side, Monaco provides a spectacular and luxurious setting for the wealthy and the wannabees. Home to the Monaco Grand Prix and the legendary Casino de Monte Carlo, this isn't the place for those on a tight budget. The magnificent Casino hosts the annual European Poker Tour and was also the scene of several James Bond Films, including the original "Casino Royale" and "Golden Eye". Paradise Island, Bahamas: Located just off the shore of the city of Nassau, Paradise Island is best known for its sprawling 'Vegas-by-the-sea' resort, Atlantis. The resort spans seven acres along a lagoon, where guests can soak up the Caribbean sun and choose from a variety of outdoor gaming areas. When in need of a break from the tables, guests can enjoy the private beach or one of the resorts 20 sunlit pools. Melbourne, Australia: As Australia's sporting and entertainment capital, Melbourne offers the perfect option for high rollers looking for a local break. Aussies need look no further than Crown Casino on the southern bank of the Yarra River, which is one of the largest casino complexes in the southern hemisphere. The main gambling floor stretches more than half a kilometre and the casino was the first to introduce the new game Rapid Roulette, which allows players to place bets on a personal electronic touch screen connected to a central roulette wheel. Macau, China: Known as the 'Monte Carlo of the Orient,' and the gambling capital of Asia, Macau now rivals Monaco and Las Vegas as one of the premier gambling destinations in the world. With no less than 33 casinos, in addition to local horse and greyhound racing venues, Macau is perfect for the betting junkie. The Wynn Macau casino is a standout, highlighted by 24-carat gold 'Tree of Prosperity' at the entrance, extravagant water displays and Moon Jellyfish Aquarium at reception. Baden-Baden, Germany: Situated on the western foothills of the Black Forest and on the banks of the Oos River, Baden-Baden is not your typical casino town. However, in addition to its hot springs and picturesque countryside, the town is also known for its 200-year-old 'Spielbank' casino - the oldest of its type in Germany. With French chateau-style salons rooms named after historical figures such as Madame Pompadour and Louis XV's mistress, the quirky casino provides visitors with a very unique gaming experience. Las Vegas, United States: With over 1700 licensed casinos in operation, Las Vegas offers the ultimate package for travellers who fancy a flutter. A visit to the famous 'Strip' is a must for any player, whether they're looking for a spin on the roulette table or a game of blackjack - this city has it all. The iconic Caesar's Palace hotel and casino offers 129,000 square feet of casino space plus an endless smorgasbord of entertainment, shopping and fine dining options, including Cleopatra's barge, a floating lounge perfect for a relaxing drink after a jam-packed night on the casino floor. Manila, The Philippines: With a favourable exchange rate, Manila provides great value for Aussies wanting to live the high-life overseas. The city offers a range of shopping and entertainment options, along with a world-class casino at the Hyatt Hotel. Spread across three levels, the sparkling casino offers the newest in gaming facilities for both hotel guests and visitors, and is just a short distance from Manila's tourist hub. Sun City, South Africa: Known as 'Africa's Kingdom of Pleasure,' this luxury resort and casino complex, just two hours from Johannesburg, boasts two large casinos, two 18-hole golf courses and a wildlife reserve. At the extravagant yet picturesque Palace of the Lost City, guests are treated to stunning valley views from the guestrooms, along with exclusive access to the Grand Pool. The nearby Sun City Casino is the entertainment Mecca of the resort, featuring a myriad of gaming options as well as an indoor jungle of native foliage and water fountains. Atlantic City, United States: Regarded as the US's 'Las Vegas of the East', Atlantic City in New Jersey is renowned for its gambling, shopping and fine dining. Towering above the banks of the Atlantic Ocean, the Trump Taj Mahal casino is an icon of the city, with an on-site shopping district and an abundance of restaurants and bars. The 157,000 square-foot casino is also hard to miss, with 3,500 slot machines and 200 table games. Unveiled in 1990 by a number of celebrities, including the late Michael Jackson, the casino is the second-largest in Atlantic City and well worth a visit. Genting Highlands, Malaysia: Nestled on the Titiwangsa mountain range, just an hour's drive from Kuala Lumpur and 6,000 feet above sea level, the Resorts World Genting offers 360-degree views of the surrounding countryside. This spectacular resort has first-class accommodation, dining and entertainment, while avoiding the hustle and bustle of a capital city. The on-site casino, which covers 200,000 square feet, is Malaysia's sole gaming venue and is divided into separate themed areas, such as Hollywood and Monte Carlo, for the ultimate gambling experience. 

Online Casinos: 

Media Man. VirginCasino.com : Virgin Casino is part of Virgin Games. The parent company is Virgin Enterprises Limited, the creation of the world's most famous and celebrated entrepreneur, Sir Richard Branson. Unfortunately the casino does not accept players from many countries due to what is known in legal circles as "grey areas". Most European players can play, but no Americans, Canadians, Australians or New Zealanders. Captain Cooks Casino : Was once a very popular online casino with Australians and New Zealanders, however we understand these days they can only accept players from a few regions such as Europe, South Africa, Canada and South America. 

News Wagering firms take fee case to High Court...

 A legal battle between two wagering firms and NSW racing authorities has begun in the High Court. Betfair says a 1.5 per cent turnover fee levied by Racing NSW reduces competition and discriminates against interstate operators. Counsel for Betfair, Neil Young QC, on Tuesday told the court the fee was not uniform but in fact was discriminatory. He said Betfair participated in a national market. Betfair argues the turnover fee will affect its ability to operate because the company is a low-margin operation that matches punters against each other. The company then takes its commission from winning bets. In March, both Betfair and Sportsbet were granted leave to appeal against a decision by the Federal Court that they tender the fee as legislated. Both firms say paying the fee on gross profit is a fairer way to operate. Overseas based firms such as X, Paddy Power and PMU are watching the case closely. Paddy Power Active Customers Already Exceeds All of 2010 Figures... Ireland’s biggest online bookmaker, Paddy Power, is attributing mobile gaming to its massive surge in active customers. This year’s numbers already exceed that of the entire 2010. Just over a third of its active customers made transactions via mobile devices. Online products are now contributing 81% of the group’s operating profit, according to the Financial Times of London. Paddy Power CEO Patrick Kennedy told the Financial Times: "We invested in a very good product and backed it up with TV advertising and online marketing." 

The online business generated €45.3m in operating profit, a rise of 25% compared to the same period in 2010. Its land-based shops continue to suffer, however. Playtech Signs Gala Coral Contract, Acquires Mobile-Bet Company... Playtech Ltd, the Internet gambling software maker and content developer which has a joint venture with William Hill Plc (WMH), said it signed a long-term contract with Gala Coral Group Ltd., and acquired Mobenga AB, a mobile-phone sports-betting company. Playtech will pay as much as 15.8 million euros ($22.4 million) for Mobenga, the Isle of Man-based company said in a statement. Playtech also said second-quarter revenue rose 7 percent to 39.6 million euros over the same period a year earlier, led by online casino games. Gala Coral, which has 2,000 betting shops in the U.K. and Italy, should become one of Playtech’s top three clients within a year after its software is transferred, in 2012, Playtech’s Chief Executive Officer Mor Weizer said in a telephone interview. Mobenga will help Playtech expand in mobile telephone gambling, which generates 30 percent of bets for some companies, he said. “This is a very important win for us,” Weizer said. “We already have most of the established operators in the U.K., and Gala Coral we were after for a long time.” Playtech gained 18.25 pence, or 5.4 percent, to 356.75 pence at 8:47 a.m. in London, after earlier rising as much as 6.3 percent. The shares have fallen 16 percent so far this year, giving the company a market value of 866.3 million pounds. Stockholm-based Mobenga will give Playtech the ability to combine sports-betting, casino and poker games in one mobile- phone application, Weizer said. Playtech generates more than 10 million pounds ($16.1 million) from its biggest client, Imperial E-Club Ltd., Weizer said. ‘Players’ Most of the company’s clients attract players through sports, though they make most of their money through games, so they’re always seeking to convert sports betters to game players, he said. Second-quarter casino revenue gained 9 percent to 27.3 million euros, and bingo sales increased 32 percent to 3.6 million euros, the company said. Poker sales dropped 32 percent to 5 million euros, the company said. The poker business declined even though the U.S. charged founders of online poker companies still accepting games in the country with money laundering in April. Weizer said the companies still had cash to lure poker players. 

Poker numbers have been “picking up” since the end of June, when one of the companies stopped play, he said. Full Tilt Poker, then the world’s second-biggest poker site, lost its license from Alderney on June 29. 

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Casino News Media Blog: Casinos Of The World (updated)

 



Punters, here's 10 of the world's top land based casinos for you to mark down in your travel plans.

Monte Carlo, Monaco: Perched above the Mediterranean and bounded by the French
and Italian coastlines on either side, Monaco provides a spectacular and luxurious setting for the wealthy and the wannabees. Home to the Monaco Grand Prix and the legendary Casino de Monte Carlo, this isn't the place for those on a tight budget. The magnificent Casino hosts the annual European Poker Tour and was also the scene of several James Bond Films, including the original "Casino Royale" and "Golden Eye".

Paradise Island, Bahamas: Located just off the shore of the city of Nassau, Paradise
Island is best known for its sprawling 'Vegas-by-the-sea' resort, Atlantis. The resort spans seven acres along a lagoon, where guests can soak up the Caribbean sun and choose from a variety of outdoor gaming areas. When in need of a break from the tables, guests can enjoy the private beach or one of the resorts 20 sunlit pools.

Melbourne, Australia: As Australia's sporting and entertainment capital, Melbourne
offers the perfect option for high rollers looking for a local break. Aussies need look no further than Crown Casino on the southern bank of the Yarra River, which is one of the largest casino complexes in the southern hemisphere. The main gambling floor stretches more than half a kilometre and the casino was the first to introduce the new game Rapid Roulette, which allows players to place bets on a personal electronic touch screen connected to a central roulette wheel.

Macau, China: Known as the 'Monte Carlo of the Orient,' and the gambling capital of Asia, Macau now rivals Monaco and Las Vegas as one of the premier gambling destinations in the world. With no less than 33 casinos, in addition to local horse and greyhound racing venues, Macau is perfect for the betting junkie. The Wynn Macau casino is a standout, highlighted by 24-carat gold 'Tree of Prosperity' at the entrance, extravagant water displays and Moon Jellyfish Aquarium at reception.

Baden-Baden, Germany: Situated on the western foothills of the Black Forest and on the banks of the Oos River, Baden-Baden is not your typical casino town. However, in addition to its hot springs and picturesque countryside, the town is also known for its 200-year-old 'Spielbank' casino - the oldest of its type in Germany. With French chateau-style salons rooms named after historical figures such as Madame Pompadour and Louis XV's mistress, the quirky casino provides visitors with a very unique gaming experience.

Las Vegas, United States: With over 1700 licensed casinos in operation, Las Vegas offers the ultimate package for travellers who fancy a flutter. A visit to the famous 'Strip' is a must for any player, whether they're looking for a spin on the roulette table or a game of blackjack - this city has it all. The iconic Caesar's Palace hotel and casino offers 129,000 square feet of casino space plus an endless smorgasbord of entertainment, shopping and fine dining options, including Cleopatra's barge, a floating lounge perfect for a relaxing drink after a jam-packed night on the casino floor.

Manila, The Philippines: With a favourable exchange rate, Manila provides great value for Aussies wanting to live the high-life overseas. The city offers a range of shopping and entertainment options, along with a world-class casino at the Hyatt Hotel. Spread across three levels, the sparkling casino offers the newest in gaming facilities for both hotel guests and visitors, and is just a short distance from Manila's tourist hub.

Sun City, South Africa: Known as 'Africa's Kingdom of Pleasure,' this luxury resort and casino complex, just two hours from Johannesburg, boasts two large casinos, two 18-hole golf courses and a wildlife reserve. At the extravagant yet picturesque Palace of the Lost City, guests are treated to stunning valley views from the guestrooms, along with exclusive access to the Grand Pool. The nearby Sun City Casino is the entertainment Mecca of the resort, featuring a myriad of gaming options as well as an indoor jungle of native foliage and water fountains.

Atlantic City, United States: Regarded as the US's 'Las Vegas of the East', Atlantic City in New Jersey is renowned for its gambling, shopping and fine dining. Towering above the banks of the Atlantic Ocean, the Trump Taj Mahal casino is an icon of the city, with an on-site shopping district and an abundance of restaurants and bars. The 157,000 square-foot casino is also hard to miss, with 3,500 slot machines and 200 table games. Unveiled in 1990 by a number of celebrities, including the late Michael Jackson, the casino is the second-largest in Atlantic City and well worth a visit.

Genting Highlands, Malaysia: Nestled on the Titiwangsa mountain range, just an hour's drive from Kuala Lumpur and 6,000 feet above sea level, the Resorts World Genting offers 360-degree views of the surrounding countryside. This spectacular resort has first-class accommodation, dining and entertainment, while avoiding the hustle and bustle of a capital city. The on-site casino, which covers 200,000 square feet, is Malaysia's sole gaming venue and is divided into separate themed areas, such as Hollywood and Monte Carlo, for the ultimate gambling experience.


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Global Gaming Directory

Casino News Media

Wednesday, January 19, 2022

Casino News Media: Casinos Of The World

 




World Directory Global Gaming Directory World Casino Directory

Punters, here's 10 of the world's top land based casinos for you to mark down in your travel plans.

Monte Carlo, Monaco: Perched above the Mediterranean and bounded by the French
and Italian coastlines on either side, Monaco provides a spectacular and luxurious setting for the wealthy and the wannabees. Home to the Monaco Grand Prix and the legendary Casino de Monte Carlo, this isn't the place for those on a tight budget. The magnificent Casino hosts the annual European Poker Tour and was also the scene of several James Bond Films, including the original "Casino Royale" and "Golden Eye".

Paradise Island, Bahamas: Located just off the shore of the city of Nassau, Paradise
Island is best known for its sprawling 'Vegas-by-the-sea' resort, Atlantis. The resort spans seven acres along a lagoon, where guests can soak up the Caribbean sun and choose from a variety of outdoor gaming areas. When in need of a break from the tables, guests can enjoy the private beach or one of the resorts 20 sunlit pools.

Melbourne, Australia: As Australia's sporting and entertainment capital, Melbourne
offers the perfect option for high rollers looking for a local break. Aussies need look no further than Crown Casino on the southern bank of the Yarra River, which is one of the largest casino complexes in the southern hemisphere. The main gambling floor stretches more than half a kilometre and the casino was the first to introduce the new game Rapid Roulette, which allows players to place bets on a personal electronic touch screen connected to a central roulette wheel.

Macau, China: Known as the 'Monte Carlo of the Orient,' and the gambling capital of Asia, Macau now rivals Monaco and Las Vegas as one of the premier gambling destinations in the world. With no less than 33 casinos, in addition to local horse and greyhound racing venues, Macau is perfect for the betting junkie. The Wynn Macau casino is a standout, highlighted by 24-carat gold 'Tree of Prosperity' at the entrance, extravagant water displays and Moon Jellyfish Aquarium at reception.

Baden-Baden, Germany: Situated on the western foothills of the Black Forest and on the banks of the Oos River, Baden-Baden is not your typical casino town. However, in addition to its hot springs and picturesque countryside, the town is also known for its 200-year-old 'Spielbank' casino - the oldest of its type in Germany. With French chateau-style salons rooms named after historical figures such as Madame Pompadour and Louis XV's mistress, the quirky casino provides visitors with a very unique gaming experience.

Las Vegas, United States: With over 1700 licensed casinos in operation, Las Vegas offers the ultimate package for travellers who fancy a flutter. A visit to the famous 'Strip' is a must for any player, whether they're looking for a spin on the roulette table or a game of blackjack - this city has it all. The iconic Caesar's Palace hotel and casino offers 129,000 square feet of casino space plus an endless smorgasbord of entertainment, shopping and fine dining options, including Cleopatra's barge, a floating lounge perfect for a relaxing drink after a jam-packed night on the casino floor.

Manila, The Philippines: With a favourable exchange rate, Manila provides great value for Aussies wanting to live the high-life overseas. The city offers a range of shopping and entertainment options, along with a world-class casino at the Hyatt Hotel. Spread across three levels, the sparkling casino offers the newest in gaming facilities for both hotel guests and visitors, and is just a short distance from Manila's tourist hub.

Sun City, South Africa: Known as 'Africa's Kingdom of Pleasure,' this luxury resort and casino complex, just two hours from Johannesburg, boasts two large casinos, two 18-hole golf courses and a wildlife reserve. At the extravagant yet picturesque Palace of the Lost City, guests are treated to stunning valley views from the guestrooms, along with exclusive access to the Grand Pool. The nearby Sun City Casino is the entertainment Mecca of the resort, featuring a myriad of gaming options as well as an indoor jungle of native foliage and water fountains.

Atlantic City, United States: Regarded as the US's 'Las Vegas of the East', Atlantic City in New Jersey is renowned for its gambling, shopping and fine dining. Towering above the banks of the Atlantic Ocean, the Trump Taj Mahal casino is an icon of the city, with an on-site shopping district and an abundance of restaurants and bars. The 157,000 square-foot casino is also hard to miss, with 3,500 slot machines and 200 table games. Unveiled in 1990 by a number of celebrities, including the late Michael Jackson, the casino is the second-largest in Atlantic City and well worth a visit.

Genting Highlands, Malaysia: Nestled on the Titiwangsa mountain range, just an hour's drive from Kuala Lumpur and 6,000 feet above sea level, the Resorts World Genting offers 360-degree views of the surrounding countryside. This spectacular resort has first-class accommodation, dining and entertainment, while avoiding the hustle and bustle of a capital city. The on-site casino, which covers 200,000 square feet, is Malaysia's sole gaming venue and is divided into separate themed areas, such as Hollywood and Monte Carlo, for the ultimate gambling experience.


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Global Gaming Directory

Casino News Media

Friday, January 14, 2022

New York 51% tax on Sports Betting

New York 51% tax on Sports Betting



Read all about it...

New York became the largest US state to embrace online sports betting but the high tax rate makes it close to impossible to compete.

The betting companies operating in the Empire State include DraftKings, FanDuel, Caesars Sportsbook, and Rush Street Interactive.

That'll make it harder for operators to profit off their customer bases in the state, Jason Ader, CEO of SpringOwl Asset Management and 26 Capital Acquisition Corp, tells MSN News.

"Everybody wants to be in New York because it's a trophy market in terms of the size of the state and its importance, but the tax rate is really prohibitive," Ader said. "It's very hard to make money in sports betting. Put 51% tax rate on it and it's maybe a bit more like a fool's gold rush than a gold rush."

As far as players go, these taxes will likely be passed down in the form of less attractive lines, bonuses and cashout fees.  In the early months, companies may seek to reduce the affect on customers.  These companies will also report all winnings to the IRS, something offshore sportsbooks and local bookies do not do.

Some websites licensed outside the state in offshore jurisdictions continue to do business in New York.  Many, like Bovada, BetOnline and BetAdrian, have pulled out of that market.

Wednesday, January 12, 2022

Bloomberg: Bitcoin Death Cross Is Staring Down Bulls After a Painful Retreat - 11th January 2022

Bloomberg: Bitcoin Death Cross Is Staring Down Bulls After a Painful Retreat


Bitcoin, the most popular means to send and receive funds within online gambling restrictive markets, has seen its price tumble in recent weeks.

The price of Bitcoin was up nearly 2% Tuesday late morning in the US to $42,486.90.

Bloomberg warned of crypto being mired in a drawdown as the Fed readies a stimulus withdrawal and the IMF issued its latest warning on crypto risk to financial markets.

From Bloomberg:

After one of roughest patches ever for Bitcoin enthusiasts, holders of the largest digital currency are facing an ominous technical price pattern with a name that suggests more pain ahead. 

Known as a death cross, the measure shows up whenever an asset’s average price over the last 50 days drops below that of its 200-day moving average, an indication that its momentum is headed downward. And though it hasn’t occurred yet for Bitcoin, it looks to be on course to hit it later this week, according to Mati Greenspan, founder of Quantum Economics. 

The latest dropoff among digital assets comes as policy makers look to commence a series of rate hikes as soon as March.

That indicator is supposed to be bearish but Bitcoin’s track record around death-cross formations remains murky, according to Bloomberg.

Then there's perhaps an even bigger concern that the International Monetary Fund has warned of parallels between cryptocurrency price moves and the stock market posing a risk to financial markets.

From Bloomberg News:

Analysts have long noted that Bitcoin -- and, therefore, other cryptocurrencies -- tend to move in tandem with stocks. Lately, that relationship has strengthened. Both have been volatile recently amid signs that the Federal Reserve was comfortable withdrawing stimulus at a faster pace than previously anticipated.

Tuesday, January 11, 2022

Investments in New Projects on Tap for 2022 in Atlantic City

Investments in New Projects on Tap for 2022 in Atlantic City



Atlantic City’s casinos are forging ahead with ambitious new projects in 2022, even as the coronavirus pandemic continues to make it harder to do business.

And non-casino projects involving family entertainment, education and the offshore wind industry will take flight in the new year.

But challenges lurk, as well.

In-person gambling revenue at seven of the nine casinos is down compared with 2019, before the pandemic hit. Sports betting and internet gambling revenue has filled some of the gap, but that money must be shared with third parties, including technology platforms and sports books, and is not solely for the casinos to keep.

A law passed signed by Gov. Phil Murphy in December gives the casinos some relief from big increases in payments they were due to pay to Atlantic City, Atlantic County and the schools system in lieu of property taxes.

A big unknown is how long and how seriously the COVID19 pandemic, and particularly the fast-spreading omicron variant, will affect customers’ willingness to come out and gamble in person in 2022.

And a big challenge is right around the corner when New York begins allowing people to bet on phones or other mobile devices anywhere in the state, as soon as January but almost certainly in time for the Super Bowl in February.

Gambling industry executives and analysts expect New Jersey to lose at least 20% of its sports betting volume as New York residents who formerly had to cross over into New Jersey to bet will be able to do it at or close to home.

Mark Giannantonio, president of Resorts casino, said he is “tremendously optimistic for a great year” in 2022.

Starting in February, Resorts is renovating its rooftop pool, adding a retractable roof to enable it to be used year-round. Resorts also is investing $5 million into new table games and slot machines, remodeling its high-limit slots area, and creating a new VIP Asian-themed room.

The Ocean Casino Resort plans to begin a $75 million project in spring or summer to finish 12 floors of hotel rooms that were never completed when the casino first opened as Revel in 2012.

Caesars casino will start work in 2022 on a new theater and resident show due to open in the first quarter of 2023. The project will incorporate the facade of the former Warner Theatre from 1929, which is currently part of the casino’s exterior facing the Boardwalk.

Also planned for Caesars in 2022 is a new restaurant opened by a hospitality company involving actor Robert De Niro that also will renovate hotel rooms there. Caesars Entertainment is partnering with Nobu Hospitality for a project to be called Nobu Hotel Atlantic City.

Bally’s will unveil 750 renovated hotel rooms, a redone hotel lobby and bar, and an indoor-outdoor entertainment venue in 2022.

A $100 million indoor water park to be built next to the former Showboat casino, which now operates as a nongambling hotel, plans a ground breaking for early 2022.

Atlantic City will host a three-day country music concert on the beach in August headlined by Luke Bryan and Morgan Wallen.

Construction is to begin in 2022 on a new ShopRite supermarket in Atlantic City, designed to end the city’s status as a “food desert” without a major supermarket. The project should open in 2023.

Stockton University hopes to complete a new student residence hall in the city in 2022.

Atlantic City will play a big role in the burgeoning offshore wind energy industry. Atlantic Cape Community College plans to open a wind energy workforce training center on its city campus in the fall, and wind developer Orsted hopes to start work in 2022 on a maintenance and operations center in Atlantic City to support its offshore wind projects in the area.

And a plan that has gotten little attention outside of Atlantic City but which will affect most visitors to the city is due to begin in 2022.

The city plans to reduce Atlantic Avenue, one of its two main north-south thoroughfares, from two lanes in each direction to one lane in each direction, in the name of pedestrian safety.

But many residents and businesses oppose the plan, predicting that traffic that is already difficult to navigate under current conditions will become even worse with only one lane in each direction.

(AP)

Monday, January 10, 2022

Casino News Media Blog: Hotel News Media is part of the Media Man Group

Hotel News Media is part of the Media Man Group


Casino News Media Blog: Newly Affirmed, Tribe Looks at Casino Plans With Fresh Eyes

Newly Affirmed, Tribe Looks at Casino Plans With Fresh Eyes

The new head of a Massachusetts tribe says he intends to take a cautious approach to gambling while turning attention to social challenges and other economic opportunities for tribal members.

As he begins his first full year in office, the new head of a Massachusetts tribe says he intends to take a cautious approach to gambling while turning attention to social challenges and other economic opportunities for its members.

Mashpee Wampanoag Tribe Chairman Brian Weeden, who is 29 and is the youngest ever to old the post, said last month's decision by President Joe Biden's administration to affirm the tribe’s reservation and reverse a controversial Trump-era order gives the tribe legal footing to continue pursuing its long standing casino dreams.

But he said tribal leaders also want members to look at the idea with fresh eyes, given how much the landscape for gambling has changed.

Massachusetts currently has three major casinos — MGM Springfield, Encore Boston Harbor and the slot parlor Plainridge Park. The separate Aquinnah Wampanoag tribe has also broken ground on a more modest gambling hall on Martha’s Vineyard, though that’s been mired in legal uncertainty. And state lawmakers are weighing legislation to legalize sports betting in Massachusetts.

“We’re back to the drawing board, basically,” said Weeden, who took office in May, in a wide-ranging interview Thursday. “There’s still an appetite for gaming. It just needs to be a smart approach. It has to be different from the past. We need to learn from our mistakes and proceed with caution.”

Meanwhile, anti-casino residents in Taunton, the city where the Mashpee Wampanoag project is proposed, have asked a Boston federal judge to reopen their legal challenge.

They argue, as they have before, that the tribe wasn't eligible for a reservation because it wasn't an officially recognized tribe in 1934, the year the federal Indian Reorganization Act, which laid the foundation for modern federal Indian policy, became law.

The opponents have also argued the tribe's lands in Taunton shouldn't have been included in its reservation because they're some 50 miles from the tribe's home base on Cape Cod and weren't part of the tribe's historical domain. The tribe’s reservation encompasses about 170 acres in the town of Mashpee and another 150 acres acres in Taunton.

Weeden said the latest legal challenge won’t deter the tribe, which traces its ancestry to the Native Americans whom the Pilgrims encountered centuries ago but which was federally recognized only in 2007.

Just prior to last month’s decision, the tribe extended its deal with its Malaysian casino developer partners, Genting Berhad, for another year, according to Weeden.

But he said the tribe, which has roughly 3,000 members, is looking to reach new financial terms to rein in its debt to the gambling giant, which is about $600 million and growing, but which comes due only if a gambling hall actually opens. Company spokespersons didn’t respond to emails seeking comment.

Weeden said tribal members should also consider whether to scale back their casino ambitions.

Before litigation and the Trump administration order derailed it, the tribe broke ground in 2016 on a $1 billion resort casino in a former industrial park. Dubbed First Light, the resort was to include a hotel and shopping, dining and entertainment options, including a water park.

Opting to build a more modest slot parlor or bingo hall, Weeden said, would exempt it from a 17% state tax on gaming revenues, even if it meant not being able to offer popular table games like blackjack and poker.

Weeden said the tribe also shouldn’t rule out abandoning the casino plan altogether and finding other ways to bring financial stability to the tribe. He’d like to see it look into opening tax-free smoke shops, tax-free gas stations, recreational marijuana shops, and other economic development initiatives on its lands.

“We need to exercise our sovereignty,” Weeden said. “Casinos are just low-hanging fruit.”

The new chair says he also intends to focus more on homelessness, substance use and other social ills facing the tribe.

Next month, tribal leaders hope to present to members a plan to spend down the tribe’s roughly $15 million allocation from Biden's coronavirus stimulus bill. Weeden says they will also pursue federal funds through the $1.2 trillion infrastructure bill Biden recently signed into law, which includes some $11 billion for tribes.

Among the projects being considered is the construction of tiny homes or cabins where homeless members can live temporarily, Weeden said. The tribe also hopes to bolster staffing and programming for substance use, mental health and other critical health services.

And with the national reckoning on racism reviving calls for reparations for Black slavery, Weeden said the tribe also intends to step up its own calls for restitution.

He says the state should return seized lands or provide financial compensation as the tribe’s current landholdings represent less than 1% of its ancestral territory.

“Everything going on in this country around social injustice and racial injustice, that’s all fine and good," Weeden said. "But the original inhabitants of this country are still fighting for what little land we have. Native Americans still don’t have their fair share.”

(A.P)





Wednesday, January 5, 2022

Casino News Media website updated

Casino News Media website updated





November Best Month Ever for Nevada Sports Betting

November Best Month Ever for Nevada Sports Betting



November 2021 was the most lucrative month ever for the Silver State.  An impressive milestone considering how long Nevada has offered the activity compared to other states, which only began offering sports gambling following a US Supreme Court decision in 2018.

Nevada sportsbooks won a net $71.9 million in November, shattering the previous record win for a month by more than $11 million (November 2020).

Underdogs covered the spread in 60.4% of November games, helping to contribute to the sportsbooks bottom line. The books finished up $53.1 million on football bets for both professional and collegiate during the month.  Approximately $1.1 billion was bet during this time.

It is the second-straight month that the state has eclipsed $1 billion in wagers.

Unlike most US states, Nevada requires all mobile users to register in-person as opposed to remotely from their homes or businesses.

(Gambling911)