Tuesday, July 12, 2016
2018 Looms Large for Las Vegas
During the height of the Great Recession, most developments ground to a halt in the Las Vegas Valley, and many skeletons of stalled and dead projects marred the landscape. Local unemployment peaked at 16.1 percent during the worst of the recession, but it since has gone down drastically, reaching 6.1 percent in May. As the area's construction pace picks up and more developments are completed, even more jobs will be added to the local economy over the long term.
COMMENTARY: Touchdown: Wild Wild West site looks like ideal place for NFL stadium
Excerpt: Welcome to your new home, Oakland Raiders. OK, that's more than a bit premature, but Las Vegas appears to have come up with an ideal site for a stadium to house the team. It's the so-called West Tropicana site, a 100-acre piece of ground located a stone's throw from Interstate 15 and now anchored by Station Casinos' Wild Wild West property.
Continue Reading: Las Vegas Sun Editorial
No 'Brexit effect' on U.K. entries at World Series of Poker
Fears of a "Brexit effect" hurting the World Series of Poker proved to be unfoundedv. By the close of entries Monday, the marquee event in the ongoing 69-event poker tournament tallied 344 players from the U.K., up 23 percent from the 279 who played last year.
COMMENTARY: New California card-room rules still generate conflict
Excerpt: New guidelines issued by state gambling regulators for how card rooms in the state can conduct some high-stakes card games don't satisfy Indian gaming officials, who say the new rules still allow card rooms to illegally have Las Vegas-style games. The June 30 guidelines issued by the Bureau of Gambling Control, a division of the Attorney General's Office, were aimed at quelling a simmering dispute between tribal casinos, card rooms and state regulators. But it didn't. Continue Reading:  Greg Moran, The San Diego Union-Tribune
Owner of Tahoe's Cal Neva Lodge files for bankruptcy
The owner of the shuttered Cal Neva Lodge & Casino has filed for bankruptcy, jeopardizing plans once again plans to reopen the most historic resort on the shore of north Lake Tahoe.
Full Text:  Associated Press
Pennsylvania budget strategy dares lawsuit, bond downgrade
State government began operating today under a $31 billion election-year spending bill that nevertheless lacks the tax collections to sustain it for the entire fiscal year, and lawmakers say they are scrambling to fix that before it draws a lawsuit or bond downgrade.
Union workers ratify contract for 3 Atlantic City casinos
Local 54 of the Unite-HERE union says workers from the three Caesars Entertainment-owned casinos in Atlantic City voted Monday to ratify their new contract. Workers at Harrah's, Bally's and Caesars reached a deal July 1. A vote on the contract reached with the Tropicana is scheduled for Thursday. Terms of the contracts won't be released until then.
Full Text: Associated Press

The Last Word Edited by Ken Adams

"The only way to reach the younger market is via online lottery games," said state Treasurer Deb Goldberg. "It's the future and we need to face it."

The lottery in Massachusetts needs more money to fulfill its mission; it traditionally has given $1 billion a year to fund public services and education. The cost of that mission goes up, but lottery revenues are not keeping. If Massachusetts takes its game online, it will be the 6th or 7th state to do so, as the treasurer says it is the future.
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