According to the state’s Gaming Control Board, Nevada gaming revenues fell in August, for the third month in a row.
Though Nevada gaming revenues still maintain an overall 1% increase comparing to last year, the results of 2015 June, July and August show a drop from the 2014 numbers. Certain areas of Las Vegas, namely the Strip, obviously has a problem, while other parts of the state produced a considerable growth.
According to online gambling news, issues related to baccarat are the main reasons behind the decrease in Nevada gaming revenues. The Strip had a 4.7% drop in August, while Nevada gaming revenues in total declined 1.4% comparing to the same month in 2014.
Baccarat along the Strip had a 16% decline in August comparing to the corresponding month last year. Gaming analysts Steven Wieczynski argued that this fall is due to the economic problems in China, causing Chinese players losing willingness to wager on baccarat. He said, “At this point, given the swirling macroeconomic uncertainties in China, we expect the Strip baccarat business to remain under pressure indefinitely.”
According to the numbers and gambling facts, slot players started to take over the Las Vegas Strip. While slot revenues grew in the area by 12%, table games declined 16%. It seems that many customers of casino table games rather visit the downtown casinos instead, where overall casino revenue produced a 15% growth.
North Las Vegas and the Boulder Strip also reported considerable increase, 21% and 30% respectively, contributing to the overall picture of Nevada gaming revenues, that is on almost 1% increase in 2015. Meanwhile Strip casinos reported a nearly 2% decline for this calendar year.
Cameron McKnight, gaming analyst for Wells Fargo Securities suggested that young people rather visit the Strip for partying than for gambling during these months. He said, “We note that the summer is skewed toward the leisure segment. In our view, the softness in gaming volumes is reflective of the current leisure customer increasingly younger, international and nightlife-oriented versus gaming focused.”
Nevada gaming revenues obviously do not include accommodation, clothing, food and drink incomes, which are major contributors for properties located in the area. Las Vegas is slowly becoming more of a party destination than a gambling capital.
Gambling is still big in the area, and it will be until US gambling laws in other states legalize the business. However, there are less and less gamblers in the younger generations who are attached to land-based casino gambling. They rather go to online poker rooms or online casinos for a gambling experience, not to mention online sports betting sites and now there are the daily fantasy sites as well.
Just check out Bovada Casino, if you’d like to know what a top US online casino looks like! After that, maybe you won’t plan to go to Las Vegas anymore to play your favourite casinos games either. What happens in Vegas, stays in Vegas, but this doesn’t mean that there is no legal online gambling outside Vegas…
In their current form many considers fantasy sports gambling. What is the difference between sports betting and playing fantasy football for money after all?
As the new NFL season started, fantasy sports games appeared and were advertised in a quantity that was unknown before. Is fantasy sports gambling? It is not decided yet, and operators can capitalize on this blurred status for now. However, a congressional hearing will examine the issue after New Jersey representative Frank Pallone called for it on Monday.
He did that on the first working day after the first weekend of the 2015 NFL regular season. Maybe he was shocked by the amount of fantasy football ads during the games, or maybe he was simply pissed that New Jersey legal sportsbooking wasn’t granted for casinos and racetracks located in the state. But that is true that this is a USD 15 billion business and that betting on player’s performance is quite close to bet on live sports results.
Moreover, if he went through the odds of any legal online sportsbook in the US, he might have noticed that sports betting also covers individual performance. You can bet on touchdown passes, interceptions, completions, rushing and receiving yards etc. Considering this, the answer to the question that is fantasy sports gambling seems even closer to a yes than before.
Best experts of sports and gambling facts might know that the actual playtime during a three-hour long NFL broadcast is no more than 11 minutes. For most of the time you will see players standing around the field between plays. Though for hardcore fans and experts this is the most interesting part of the game in some aspects.
And still, there is an awful lot of time for advertisements. And in the first weekend of the NFL season, most of the spots were advertising fantasy sports products. The biggest of these are DraftKings and FanDuel, who were even approved by PayPal, the overly popular payment service that is also back in the gambling business after a twelve-year long absence.
DraftKings and FanDuel basically split the field between themselves as now each of them have sponsorship deals with 16 out of 32 teams in the NFL. It is interesting that the National Football League is so favorable towards fantasy sports, while it opposes sports betting so vehemently. Maybe the fact that Dallas Cowboys owner Jerry Jones and New England Patriots owner Robert Kraft have stakes in DraftKings might help us to understand the picture better.
The league actually distanced itself from daily fantasy sites for long, but the teams agreed with the operators individually. Fantasy sports are legal since 2006 in all but five federal states in the united states. Legislation provided an exemption for them, since they would have been banned according to gambling laws in the US just like online poker.
However, fantasy football was a season-long game first, and participators picked their players for the whole regular season. The NFL has been running such leagues long, money is not involved, and usually friends play against each other for fun. This service was implemented to engage viewers for games that would be originally uninteresting for them.
But the competition at fantasy football sites goes for large prize pools up to USD 2 million, and participators have to pay an entry fee. There are weekly payouts and the whole concept pretty much resembles to internet gaming. Is fantasy sports gambling then? Some say, yes, definitely, just like Frank Pallone, who initiated the congressional hearing on the matter.
Some see a future with legalized sports betting in the US, with the big daily fantasy sports sites running the show. That is certainly a possibility. However, for the moment, these fantasy operators are driving on the limit. Frankly, they should have an effect on US gambling laws, as some regulations might be needed for this gray area.
They might bring some change in the assessment of online sportsbooks in the US as well. This de facto fantasy sports gambling business, as some say, is not far away from betting on sports at all in its newest form. Actually both kind is in a legislative gray area, and regulations are definitely outdated. It is time to make things clear.
Hosts Chile and favorites Argentina were the best teams on their respective sections in the playoff bracket of the 2015 Copa America, and therefore they will face each other in the final. The title decider will be held in the Estadio Nacional in Santiago de Chile on Saturday 5.00 pm in local time (4.00 pm ET/9.00 pm GMT).
Messi to Lead Argentina to Copa Victory against Chile (July 4, 2015).
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New Jersey lawmakers are in a hurry to add a referendum to the November ballot that would permit operating more casinos in the state outside Atlantic City. On paper they have time until August 3, however, as a summer holiday is coming in legislation and the process is problematic, they have to achieve that in the following days. In the meantime the state Assembly approved a package of bills to help the declining Atlantic City and its casinos, while billionaire Carl Icahn was permitted to acquire Trump Taj Mahal Casino Resort. However he might shut down the facility eventually if he loses his battle against the casino workers’ union.
In order to include it to the November ballot, New Jersey politicians have to push the bill that would legalize casinos in the state outside Atlantic City in the following days. According to blackjack news, the administration has time until August 3 to bring the topic in, however their time is cut short by the summer break and the process won’t be an easy one either.
There is an ongoing debate about how many casinos should be approved to operate by the gambling laws and where to put them in New Jersey. Assembly Speaker Vincent Pireto revealed he supports enabling up to three casinos, which doesn’t mean that all three will be built.
Mayor Ras Baraka and fellow local politicians want one in Newark. Baraka said, Casinos are coming to North Jersey and if Newark doesn’t get it, another city will and they will net the benefits.” Meadowlands and Jersey City reportedly might be other locations for possible gaming facilities.
The New Jersey state Assembly approved five laws to help the declining Atlantic City. Their eight casinos now can make payments instead of taxes for 15 years in order to let them know how much they owe precisely. An education aid had been also granted for the city, as well as improved insurance and retirement benefits for casino workers.
A couple of other bills will help Atlantic City to pay its debt and to develop further, gambling law news reported. “This bill and the entire package was introduced to stop the immediate bleeding in Atlantic City and the surrounding region,” explained Atlantic County Democrat member of the Assembly, Vincent Mazzeo.
He added, “Casino closings coupled with large refunds due to casinos by the city have created dire challenges for the city.” Four casinos in Atlantic City were closed last year and New Jersey locals might vote in November about approving casinos to be built outside America’s Favorite Playground.
While lawmakers are working on how to save New Jersey’s gaming industry, billionaire businessman Carl Icahn was granted to purchase the Atlantic City Trump Taj Mahal Casino Resort from bankruptcy court by the Casino Control Commission. Icahn also holds another gaming facility in the city already, the Tropicana Casino and Resort.
Taj Mahal’s debts toward him are exceeding USD 290 million and he only has to trade that in exchange for getting control of the company. He also plans to invest USD 100 million according to online mobile news, though he might decide to close the casino down if he loses the battle against the number one casino workers’ union in Atlantic City.
Icahn clashed with the union after he abolished health insurance and pension plans made in last October by the casino’s parent company with the permission of a bankruptcy judge. However if the final decision goes against him, forcing him to restore the benefits, he might just shut Taj Mahal down for good.
The best attacking line will meet one of the best defences to wrap up this year’s Champions League in a properly fitting battle. The two sides prefer to play in rather similar styles, however, Juventus head coach Massimiliano Allegri tends to completely alter his game plan for matches featuring opponents considered as stronger sides than his team. Therefore it might turn out as a classic showdown between a possession based, attacking outfit and a defending, counterattacking side.
Barca v Juve: A Preview of the Champions League Final (Part II) (June 6, 2015).
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