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The Delaware land-based casino sector is hit hard by increased competition from brand new markets in neighboring states, as the newer and shinier casinos of Pennsylvania and Maryland outperform its three struggling, and highly taxed, racinos.

Dover Downs is Delaware’s biggest and only publicly traded racino, but high domestic taxes and increased competition over the state line means crisis for the house therefore the state’s two other racinos.

The sector, which comprises Harrington Raceway, Dover Downs, and Delaware Park, peaked in 2006, the Pennsylvania began issuing its first casino licenses, when slot revenues hit more than $650 million year. By 2016, slots and table revenues combined had plunged to $398 million.

Meanwhile, outfall from the brand new MGM National Harbor, which exposed in Maryland year that is late last stands poised to be the final nail in the coffin. That property caused other casinos in Maryland and West Virginia to ramp up their own advertising drives, drawing even more customers away from Delaware’s ailing properties.

The three racinos cannot compete because they pay higher state taxes than their counterparts across the edge, and they are begging legislators for help.

Taxed Out of the Market

This week, the Delaware’s Video Lottery Advisory Council (VLAC) met to discuss the status of Diamond State’s three casinos. The council is tasked with advising government policy on gambling and could urge lawmakers to pass a casino relief measure.

Nevertheless the racinos will need to wait. VLAC will not publish its suggestions until the fall, and until then, it’s keeping tight-lipped.

Legislation that will have supplied relief by producing advertising and capital credits, while quashing the table game fee and lowering the taxation rate on table games, received shrift that is short the typical Assembly in 2015 and 2016.

Begging for a Lifeline

A large budget deficit has made it difficult for a bill advocating tax relief to gain much traction while there is sympathy for the racinos’ plight in the legislature. Still, something has to be done, says Ed Sutor, president and CEO of Dover Downs Hotel & Casino, as he urged VLAC to throw the racinos a lifeline.

Sutor told the Delaware State Information that a concession that is simple could be easily enacted would be to allow the racinos to operate on Christmas and Easter, which will generate an estimated $2.25 million more.

‘We’re the casinos that are only the country that shut down completely on Easter and Christmas,’ said Sutor. ‘We can not surrender, folks, and we can’t sit out another year of not doing such a thing.’

Impossible Odds? Wagering Sites Offer Lines on Political, Celebrity Absurdity

Governmental betting markets are doing their best to keep appropriate considering that the highly engaging 2016 presidential campaign, by providing online bettors unique lines on activities that seem to have little possibility of occurring.

Lines on Kid Rock and The Rock’s future in government are two areas to be had at political sites that are betting. (Image: Terry Renna/Associated Press/WWE/Collage by Casino.org)

From Kid Rock’s operating for the US Senate to talk of The Rock building a serious bid for the White home in 2020, political betting networks are trying to maintain a connection between celebrity entertainment and political influence. It definitely worked in 2016 with Donald Trump.

Betting on political results is illegal through the US (even in nevada), but American politics is a popular wager that is exotic Europe and elsewhere in the world.

PredictIt.org offers exchange wagering, which is a slightly different variant of wager that trades shares in real time on predicted outcomes of governmental events. (Exchanges charge a commission on trades as opposed to setting odds.)

Kid Rock for Senate?

Musician and avid Trump supporter Kid Rock has recently teased a bid to run for Michigan’s US Senate chair in 2018 against incumbent Democrat Debbie Stabenow (D). Nonetheless, betting cash is currently against Rock officially operating.

PredictIt shares of Kid Rock, aka Robert Ritchie, operating are selling for 40 cents, while no, he won’t run shares are at 60 cents. Adhering to a tweet in early July from rap star that revealed a yard sign reading ‘Kid Rock for all of us Senate,’ shares claim that is laying the idea he would certainly run soared to 70 cents.

Rock accompanied the image with a statement of political philosophy that read, ‘we believe if you work your butt off and pay taxes, you must certanly be able to easily navigate the laws, taxation codes, wellness care, and anything else the government puts in place that affects us all.’

The 46-year-old singer from Michigan has never run for or held elected office, but that don’t stop the present American president. Ritchie apparently has yet to file campaign that is official, however, which undoubtedly factors into why the PredictIt line remains open.

President The Rock

Bettors, of course, have to be cautious not to confuse Kid Rock with The Rock. PredictIt is asking whether star Dwayne Johnson will throw their name to the ring for the presidency that is US 2020.

A campaign committee called ‘Run the Rock 2020’ recently did file paperwork with the Federal Election Committee, which appeared like a bigger action in a direction that is serious. The Rock, however, isn’t actually behind the company trying to elect him. It’s instead the ongoing work of the fan whom simply hopes he’ll run.

Even though the seed’s been planted, enthusiasm for a Rock presidency is rather low on PredictIt. Shares that Johnson will run are trading for 25 cents, while owning ‘no’ will cost you three quarters.

PredictIt’s willingness to own market on Johnson despite his public declaration that he’s not also considering a 2020 run recommend that celebrity lines with virtually no possibility of striking are a popular income stream for the exchange.

ElectionBettingOdds.com, meanwhile, gives the actor a 3.5 % chance of actually winning the White House, similar odds it offers for Facebook creator Mark Zuckerberg, that will turn 35, the minimum age for allowed for A united states president by the Constitution, in 2019.

Just What Hath Paddy Energy Wrought

Sites and markets such as PredictIt may be seeing the value of offering opportunities for wagering on wishful thinking and fears that are irrational but really they are simply after in the footsteps of Paddy energy.

The infamous Irish bookmaker set the standard for allowing people to bet the unthinkable, at one time asking clients whether or not then-President Barack Obama would be assassinated.

Paddy Power’s current odds in the champion of this 2020 election feature Trump as the favorite (2-1), followed by Democratic Massachusetts Sen. Elizabeth Warren and current Vice President Mike Pence at 15-2.

But a slew of ridiculous names are included on chances sheet. Leonardo DiCaprio (80-1), Kanye western (100-1), Beyoncé (200-1), fictional home of Cards president Kevin Spacey (200-1), and Kim Kardashian (275-1) are just a couple of the picks designed for those who think they may see something in a extreme longshot.

Macau Police Bust Scam ‘Pop Up’ VIP Casino Op

Director of Judiciary Police Chau Wai Kuong said that gaming related criminal activity in the gambling hub remained ‘serious’ despite the apparent recovery that is economic. (Image: Macau Regular Times)

Macau authorities have busted a bogus ‘pop-up’ VIP casino racket that bilked high-rollers out of millions in presumably baccarat that is crooked, according to the South China Morning Post.

The police investigation began in June after a man told authorities he was defrauded of HK$4 million (around $500,000).

Officers from the Judiciary Police raided an unidentified hotel in the gambling hub on Wednesday, arresting 15 males and four women, all from the Chinese mainland.

They’re accused of luring high-rollers to hotel rooms that your gang had gone to elaborate lengths to disguise as genuine VIP rooms.

Ruse Meticulously Planned

Police said the ruse, which was in operation since 2015, was intricately executed and planned, with members of the gang posing as dealers, VIP hosts, VIP room operators, safety guards and shill gamblers so that you can trick their prey.

Four ‘customers’ were based in the procedure of being scammed when authorities swooped on according to Macau’s public broadcaster, TDM wednesday.

More than HK$75 million ($9.6 million) worth of gaming chips were available at the scene. While reports did not specify, it’s likely these were ‘rolling chips,’ non-redeemable tokens issued to rollers that are high casino as credit to gamble with, as opposed to the type of chips which can be exchanged directly for cash. HK$200,000 in hard currency was also seized, around US$25,600.

The suspects, aged between 35 and 53, are facing numerous charges, ranging from fraud to managing a criminal syndicate.

Last week, 15 mainlanders had been detained and accused of managing a loan-sharking that is high-interest focusing on casino gamblers regarding the Cotai Strip.

Taking Crime Seriously

Gaming-related crime has risen in the enclave since Beijing’s anti-corruption drive almost 3 years ago. The crackdown on the junket industry has place the squeeze regarding the gambling hub’s criminal underbelly, with reports of the increase that is sharp triad-related crime.

Police have said that the true quantity of illegal detentions, which largely involve the forced collection of gaming debts by loan-sharking triads, are up 11.8 percent year-on-year, after having almost doubled between 2014 and 2015.

‘Although the performance of Macau’s video gaming industry has stabilized since the 2nd 50 % of final year, the gaming-related crime situation remains serious,’director of Judiciary Police Chau Wai Kuong said this week in a statement.

‘We have witnessed an increase in the amount of situations of unlawful detention related to loan-sharking operations,’ he added. ‘As such, police have actually strengthened patrols, having detected 20 cases of gaming-related unlawful detention in a single day.’

Macau’s Judiciary Police recorded an overall total of 734 suspected gaming-related crimes in the first five months of this 12 months, up by 74 cases in contrast to the period that is corresponding of.

Nj’s Chris Christie Urges President Donald Trump and Congress to Support States’ Rights in Online Gaming Battle

New Jersey Governor Chris Christie (R) put his signature on a bill later last week that urges President Donald Trump, members of his administration, and Congress to oppose any legislation that would prohibit individual states from authorizing and managing gambling that is online.

Nj-new jersey State Representative Vincent Mazzeo has authored a bill that asks federal leaders to push back against any measures that would impede states’ right in the online gambling arena, and it is gained the support of Governor Chris Christie. (Image: Jackie Schear/Press of Atlantic City)

Introduced by State Rep. Vincent Mazzeo (D-Northfield) in January, the resolution that is joint to inform the president and Congress on how internet gambling enterprises are playing a vital role in the recovery of Atlantic City. Of program, it’s an opinion just and another that carries no given weight, as state governments don’t have any input that is direct federal laws.

The issue that is main again the Restoration of America’s Wire Act (RAWA), legislation that would reverse a 2011 US Department of Justice opinion that said the longstanding Wire Act applied only to recreations betting, and perhaps not other forms of gambling.

Mazzeo’s resolution explains, ‘Recent federal measures, such as [RAWA], introduced within the 114th Congress, if pursued by the 115th Congress and supported by President Trump and his administration, would prohibit the transmission of cable communication of any bet or wager … including internet video gaming.’

A copy of this legislation that is signed being sent to the president, US House and Senate leaders, Attorney General Jeff Sessions, and various other political powers in Washington, DC.

Internet Gaming Wins

Garden State politicians have lots of reason to aid Mazzeo’s bill. Atlantic City’s staying seven casino operators are finally posting gains, and online gambling is playing a leading role in the fiscal data recovery.

Through June, land-based gaming win is up 1.5 percent. However, internet gambling has soared over 28 %, bringing the casinos’ bottom line to 3.5 percent.

Internet gambling has delivered $121.4 million to operators through June, about $26.6 million ahead of where these people were this time a year ago.

‘A federal prohibition against internet gaming would directly and negatively impact New Jersey by dismantling the investments that the State and Atlantic City casinos have actually already made,’ Mazzeo explained.

iGaming’s prominent part in revitalizing Atlantic City is the reason why Mazzeo had small difficulty in garnering support for the resolution that is joint. Just a single ‘nay’ vote came in from either chamber, State Senator Shirley Turner (D-Mercer) being the lone opponent.

Not Biting

There doesn’t seem to be much enthusiasm in Washington to take up RAWA, or similar anti-online gambling legislation. Past committee hearings inside your home and Senate didn’t change the proven fact that most in Congress simply are not terribly spent in discussing gaming that is internet at the federal level, a matter that the Republican-controlled Congress would seemingly prefer to leave up to each state to opt for themselves.

RAWA had been introduced into their particular chambers by Sen. Lindsey Graham (R-South Carolina) and former Rep. Jason Chaffetz (R-Utah). It’s mostly thought that those actions arrived at the behest of Las Vegas Sands CEO Sheldon Adelson, a effective gop financier who has made it his life’s work to block iGaming.

After lingering for just two years, RAWA has not been re-introduced to Congress for the 115th session.

Scott Blumstein Wins $8.15M at World Series of Poker Main Event with Three-Outer on River

Scott Blumstein, a 25-year-old medium stakes poker pro from nj, decided to play their World Series that is first of tournament a couple of weeks ago, the 2017 Main Event. It switched out to be always a pretty decision that is good as late into Saturday evening, Blumstein survived an initial industry of over 7,200 entrants to take home $8.15 million plus a jewel-encrusted champion’s bracelet worth another half-million.

WSOP 2017 Main Event winner Scott Blumstein, now in a higher tax bracket he entered the World Series of Poker’s most prestigious tournament two weeks ago, says fame and fortune will not change who he is than he was when. (Image: ABCNews.com)

It absolutely was not long after midnight Pacific Time on Sunday morning, on hand 256 of the WSOP Main Event table that is final Blumstein defeated Pennsylvanian Dan Ott to become poker’s « » new world « » champion.

‘I’m still in shock,’ Blumstein told reporters afterwards. ‘ I thought I would get even more emotional that what I got in real time but it is just the best feeling, I can’t even place it into words.’

First Time’s the Charm

Despite earning money as an on-line grinder back house in nj, this was the first time Blumstein had ever ventured to the Rio in Las vegas, nevada to play inhabit some sort of Series event.

With the November Nine concept scrapped in favor of three consecutive sections of final-table play, broadcast with a 30-minute delay by ESPN on Thursday, Friday, and Saturday, Blumstein began the brand new format last table with a commanding chip lead. It was a lead he relinquished just once over the program associated with the match, whenever jovial crowd favorite and British granddad John Hesp briefly wrestled top spot through the chip-stacking juggernaut.

Hesp busted out in fourth, establishing up a night that is final of action between Americans Blumstein and Ott, and France’s Benjamin Pollack.

Two Plus Two Equals $8.15 Million

The short-stacked Pollack had everything to gain and was willing getting his chips in and gamble. Ultimately, however, he hit the rail immediately after 9 o’clock PT, after some intense three-way action.

Pollack shoved from the button with Q-T, while Ott lived as much as their title, coming over the most effective (OTT in poker parlance), re-raising all-in from the blind that is small K-9. Blumstein saw potential to go all down right there, and called from he big blind with A-Q. Blumstein was ahead pre-flop, and the tournament that is entire have ended then and there. Rather, a master on the flop Ott that is tripled-up and Pollack to the rails.

The last moment ended up being postponed for the next 60-odd hands, and when it came, it came via a piece of luck for Blumstein, who played solidly throughout the 10-day event. With all the chips going in pre-flop, Ott was ahead with A-9 versus Blumstein’s A-2, but one of three remaining deuces hit on the river, ending the Main Event and assuring Blumstein a spot in poker history.

The champ that is new that, while the money is nice, it will not change his lifestyle all that much. The Temple University graduate, whom holds an accounting level, told WSOP officials after his win:

‘just two weeks ago I was a New Jersey online nothing and grinder has really changed.