Federal oversight of legal sports wagering would be an ‘abject failureBy Howard Stutz, Executive Editor, CDC Gaming Reports • September 4, 2018A pair of polar opposite U.S. senators either want a piece of the action or are chasing pesky sports betting kids off their lawns. It’s understandable why Republican Senator Orrin Hatch of Utah and Senate Minority Leader Chuck Schumer of… [continue reading]
The Story Behind The Most Famous Missing Apostrophe in Las VegasBy David G. Schwartz, Forbes • September 4, 2018It’s one of those insider Vegas tricks that’s actually right in front of your face in big letters: If you’re talking about the hotel casino that Evel Knievel made famous and The Hangover reminded us of, you never use an… [continue reading]
Legendary Sen. McCain loved to gamble, but was once a tough opponent of college sports bettingBy John L. Smith, CDC Gaming Reports • September 3, 2018My exclusive interview with Arizona Sen. John McCain fell just a little short. Back in the spring of 2000, McCain led a fight to ban betting on college sports events as chairman of the Senate Commerce Committee. He brought his… [continue reading]
India: Don’t ‘bet’ on gamblingBy S Kalyanasundaram, The Hindu Business Line • September 2, 2018The Law Commission of India has recommended ‘regulated gambling and betting’ in sports to check fraud and money laundering. It claims that regulation would not only empower the government to identify and prevent instances of gambling by minors and “problem-gamblers”… [continue reading]
ASA Probes “Psychological Tricks” in World Cup Betting AdsBy Luke Haward, CDC Gaming Reports • September 2, 2018A cascade of gambling ads poured over our TV screens during this year’s World Cup, and in the wake of this wave, the UK’s Advertising Standards Agency (ASA) received over a hundred complaints on the subject. While the UK Gambling… [continue reading]
Bet the house on Pa. banking on gamblingBy Delco Daily Times • August 31, 2018Interested in a sure bet? Forget the lottery. Put your house on the Pennsylvania Legislature. How so. Simple. Every time the Keystone State finds itself in a financial pinch – and when was the last time the state did not… [continue reading]
Tackle the rush to sports gamblingBy The Christian Science Monitor Editorial Board • August 30, 2018In a decision last May, the Supreme Court said that individual states can, in effect, “Play ball!” on legalized sports betting. The ruling overturned a 1992 federal ban on the practice. In just three months, seven states have approved sports… [continue reading]
Doris Lee: Co-founder of small casino was a big name in philanthropyBy John L. Smith, CDC Gaming Reports • August 29, 2018Doris Lee won’t be remembered as one of the gaming industry’s corporate casino titans. And I’m guessing that would be fine with her. Back in 1997, Lee and her husband Ted Lee co-founded the Eureka Casino Resort in Mesquite, Nevada…. [continue reading]
Manteris says new sports gaming states ‘making a foolish mistake’ in not following Nevada modelBy Howard Stutz, Executive Editor, CDC Gaming Reports • August 28, 2018Art Manteris looked over the remodeled race and sports book at Las Vegas’ venerable Palace Station casino and tried to picture gaming markets outside Nevada replicating the investment. Station Casinos, through its parent Red Rock Resorts, spent a portion of… [continue reading]
Under unprecedented competition, some Northern Nevada casinos doing things rightBy John L. Smith, CDC Gaming Reports • August 27, 2018MINDEN — Not many years ago, casino industry analysts and pundits were predicting the worst of times for the niche casinos of Northern Nevada. They couldn’t possibly compete for California gamblers after being short-stopped by well-funded and professionally operated Native… [continue reading]
Lessons from five months of casino-hoppingBy Mark Gruetze, CDC Gaming Reports • August 26, 2018At one casino, a veteran blackjack dealer handled the cards with superb efficiency but no conversation and no smiles, not even a “thank you” for tips. At a place down the road, a dealer who could have passed for a… [continue reading]
Irish Football Association to host fair debate on ties with gambling sponsorsBy Luke Haward, CDC Gaming Reports • August 23, 2018Although John Delaney, the Chief Executive Officer of Ireland’s Football Association, remains tight-lipped on any firm plans to cut ties with gambling sponsors, the FA has just announced an open conversation to be held on the matter which will begin… [continue reading]
Is Atlantic City a Phoenix Rising from the Ashes?By Ken Adams, CDC Gaming Reports • August 22, 2018Atlantic City Casinos See Revenue Soar in July: That was the headline from the Press of Atlantic City on August 15th. It screamed out a phoenix-like rise of Atlantic City from the depths of decline that began a decade ago. … [continue reading]
New York State can help casinos, but must not bail them outBy Poughkeepsie Journal Editorial Board • August 22, 2018At first blush, the numbers are awful. The so-called “Resorts World Catskills” – the massive $1.2 billion destination at the old Concord resort in Sullivan County – has gotten off to a terrible start. In fact, it took a $58… [continue reading]
Gambling Ads Revisited (Rumblings in the Eurozone)By Luke Haward, CDC Gaming Reports • August 22, 2018There have been rumblings across the Eurozone ever since the European Commission (EC) sheathed its claws on matters gambling, announcing in the summer of 2017 that it was suspending all infringement proceedings and treatment of complaints related to gambling. This… [continue reading]
Fighting Money Laundering with Regulations and Due DiligenceBy Andrew Tottenham, Managing Director, Tottenham & Co • August 22, 2018Money laundering, or should I say anti-money laundering (AML), is concentrating the minds of people in the gambling industry all around the globe. The EU implemented the 4th Anti-Money Laundering Directive in June 2017. The UK Gambling Commission has handed… [continue reading]
Northeast casino saturation looms in the background of MGM Springfield openingBy Howard Stutz, Executive Editor, CDC Gaming Reports • August 21, 2018See if this sounds familiar. At a gaming conference in Atlantic City, a panel debated the casino saturation point for the Northeast U.S. gaming market. “There’s a finite amount of gaming revenue out there,” said one panelist. “We are in… [continue reading]
By George: Maître d’ Levine one of the great Las Vegas charactersBy John L. Smith, CDC Gaming Reports • August 20, 2018People tell me I live in the past, and I don’t disagree. Truth is, I’m probably more comfortable there. For one thing, in the past my clothes are in style. My hair is dark. There’s more spring in my step…. [continue reading]
So, you wanna own a racehorse?By Bernard Kroviak, CDC Gaming Reports • August 20, 2018There are many ways to get involved in horse racing as an owner. You can partner with others to share the expenses or go it alone and pay all the bills yourself. You can buy a horse at a public… [continue reading]
Collusion for casinos? Indian tribes, others have a plan for your moneyBy Greg Harton, Northwest Arkansas Democrat Gazette • August 20, 2018The Quapaw and Cherokee tribes in Oklahoma are becoming to Arkansas what the Russians are to U.S. elections. No, I’m not suggesting the tribes are headed by murderous thugs looking to return a nation to dominance by undermining its strongest… [continue reading]
Disney, Seminole Tribe team up with $26 million to keep casino competition out of FloridaBy Scott Maxwell, Orlando Sentinel • August 17, 2018In covering politics, it often takes a lot of work to connect the dots. I might suspect one guy is running a stealth campaign attacking another guy. But if the schemer is using shell corporations, LLCs and shady political committees… [continue reading]
Dancing the Wall Street TangoBy Ken Adams, CDC Gaming Reports • August 16, 2018Wall Street can be a ruthless taskmaster. Public companies hold earnings calls each quarter to discuss and explain the company’s revenues, profits and the extenuating circumstance-effected results. Analysts and reporters are on the call to ask questions and probe into… [continue reading]
Paddy Power speaks out against blanket gambling ad ban in IrelandBy Luke Haward, CDC Gaming Reports • August 16, 2018There’s a strange sense of già visto wafting around the Irish gambling industry this week. That’s the slightly less catchy Italian translation of déjà vu, as Ireland mulls over the merits and perils of a ban on gambling advertising without… [continue reading]
Gambling with our future: Betting industry football sponsorship needs tackling head-onBy Dr. Heather Wardle, Huffington Post UK • August 15, 2018The opening match between Manchester United and Leicester City will look different to many Premier League fixtures this season. Not just for the 8pm Friday kick-off time but because it’s a fixture where the two teams involved do not have… [continue reading]
Ormsby House: Even a great location no guarantee of successBy John L. Smith, CDC Gaming Reports • August 15, 2018CARSON CITY – If success in business starts with three words – location, location, location – then the Ormsby House must have seemed like a surefire winner when it opened in 1972 almost directly across the street from the Nevada… [continue reading]
