Nevada casinos, particularly those in Las Vegas have always been the bellwether of the gambling industry. If Nevada is doing well, it’s likely that the rest of the business is doing well, too. If Nevada casinos are struggling, like they were in 2008, it’s likely that casinos all over the world are hurting, too.
That’s why a recent announcement from Nevada Governor Steve Sisolak boosting Nevada casino occupancy from 25 percent to 35 percent is something of a big deal. Even better, officials in Nevada are hoping to have all of their casinos back to 50 percent capacity by the March 15.
Sisolak is hoping the the increased casino capacity will help convince travelers, particularly business travelers that Nevada is open for business. His dream will get a pretty big test when the World of Concrete, a construction industry trade show, heads to Vegas in June. It’s the first big convention in the city since early 2020.
He expounded on the idea in a recent speech that was well-received by casino industry insiders. In a statement to the Las Vegas Review-Journal, Nehme Abouzeid, president and founder of hospitality consulting group LaunchVegas LLC praised the speech saying, “This was a ‘light at the end of the tunnel’ address.I think it would have been politically unpopular if he had just extended the pause for another month, especially as numbers are going down, vaccine rollout has begun, and a more COVID-focused administration is in Washington.”
But others in the hospitality industry weren’t quite as impressed. At least one observer pointed out that 50 percent capacity was still pretty debilitating and that baby steps just wouldn’t cut it on the road to recovery.
Tags: Nevada, US gambling news
สล็อต คาสิโน ออนไลน์
คาสิโน ฟรีเครดิต 2020
เกม คาสิโน ปอยเปต…
We recap some stories you may have missed including a huge PKO event and how much of himself is Landon Tice playing for?
KidPoker vs the Poker Brat?
We hinted at it last week and now it seems confirmed that Daniel Negreanu and Phil Hellmuth will play heads-up.
Given both men are traditionally live players it seems inevitable that it will be face to face and streamed on PokerGO.
The early betting markets have suggested Hellmuth is the favourite, which seems ludicrous given how much Negreanu improved in his heads-up challenge against Doug Polk.
Happy to play anyone on @PokerGo App’s “High Stakes Duel.” Looks like they are bringing me the GREAT Daniel Negreanu @RealKidPoker, the guy that studied heads up for months w coaches I respect, so be it. It will be a great challenge for me! Hoping I don’t look like THIS photo!! pic.twitter.com/EpE1BqRMWP
— phil_hellmuth (@phil_hellmuth) February 13, 2021
Tice has skin in the game
The other big heads-up match in the works is Landon Tice vs Bill Perkins, and it has been the subject of a lot of debate this last week.
Namely, how much does the poker wunderkind Landon Tice have invested in himself? Rumours circulated that he is playing for just 10% of himself in this challenge where he is already paying Bill Perkins $720,000 to play.
Tice confirmed that he has sold a lot of action for this event but while his percentage is low, it still means he has a lot of his net worth on the line:
Let me make something clear that I’m sure everyone cares about regarding my challenge with @bp22 I’m selling a lot of action for it. A lot.I’m not rolled to battle at nosebleeds. However, I am putting a very large amount of my relative net worth on myself winning it.
— Landon (@LandonTice) February 11, 2021
MicroMillions the biggest PKO ever?
The MicroMillions Main Event was a PKO for the first time in its history and it (probably) automatically became the biggest field ever for a progressive knockout tournament.
49,487 entries for the $22 Main Event, which was not quite enough to hit the $1 million guarantee.
It did lead to one player bagging almost $60,000 for their troubles including $18,651.13 in bounties alone:
The final table
Table stakes only
OK, so this week’s meme classic from Reddit beats all those ‘toilet roll poker home game’ jokes from last year:
When Polaks Play Poker from r/poker
Will we see Hellmuth vs Negreanu heads-up? Let us know in the comments:
Barry Carter is the editor of PokerStrategy.com and the co-author of The Mental Game of Poker 1 & 2, Poker Satellite Strategy and PKO Poker Strategy
The UK Betting and Gaming Council (BGC) is asking football clubs to refrain from discussing and promoting gambling on their social media sites in as part of an effort to avoid triggering problem gamblers. It’s move that may seem extreme to the layman, but will likely help keep UK gambling operators a step ahead of UK gambling regulators.
Guidelines for how football clubs should handle discussions of gambling were sent out by the BGC late last week and utilize a plea from 50 former gambling addicts to make the case. They pointed out that seeing their favorite club site promoting gambling caused them “distress” and “encouraged” them to place wagers.
As an effort to avoid these triggering moments, the BGC is recommending that football clubs refrain from promoting gambling operators or bonus offers and their “organic tweets”. This is a nod to the reality that gambling offers are ubiquitous on social media and that no one is really more than a click or two away from them on the internet anyways.
BGC officials sent a letter detailing the new code of conduct to 11 football clubs, as well as to social media operators.
In a statement reported on by SBC News, Brigid Simmonds OBE, Chairman of the BGC described the importance of the new standards saying, “Our members rightly have a zero tolerance approach to gambling by under-18s, so as an industry we are understandably concerned that children may be exposed to betting adverts on social media platforms. Our new guidelines make clear the standards expected of football clubs when they post gambling promotions on social media, and I look forward to them being put into practice as soon as possible.”
The BGC guidelines are not legally binding, but members of the BGC who wish to remain in good standing are expected to abide by them.
The post BGC ices gambling talk on football social media sites appeared first on .
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คาสิโน ฟรีเครดิต 2020
เกม คาสิโน ปอยเปต…
With millions of Americans out of work, the first sign of a recovery has to be in new jobs coming on the market. The tribal gaming industry is doing its part, with several operators posting new jobs in the past few weeks.Seneca Gaming Corporation has lots of jobs available at the Seneca Niagara Resort & Casino in Niagara Falls and Seneca Buffalo Creek Casino in downtown Buffalo. The operator will be hosting a job fair for open positions on February 25 between 10:00am and 6:00pm.“Even with the changes and challenges everyone has gone through over the past year, Seneca Gaming Corporation has remained one of the largest employers in Western New York, and we are excited to be growing our team across a variety of departments,” said Meghan Smith, Seneca Gaming Corporation’s vice president of human resources. “We truly believe that the time we spend at work should be rewarding, fulfilling and fun. That’s how we approach our jobs every day. If people are looking an opportunity in that type of environment, we are ready to talk to them.”Attendees can check out what’s on offer in person or virtually, but should be ready for an interview at a moment’s notice.On the other side of the country, the San Manuel Band of Mission Indians are also on the look out for fresh talent. That operator has more than 500 jobs to fill, with as many as 2000 coming for the rest of the year. They’ll be having their virtual career fair on February 18 from 9:00am to 4:00pm.“The expansion of San Manuel will offer an economic boost to the local job market at a time when it is really needed,” said Brigitte Saria, Chief People and Infrastructure Officer. “Our efforts to boost the local economy are guided by our commitment to ensuring our employment process and work environment follow leading health and safety standards.”The Chukchansi Gold Resort and Casino in Coarsegold, California are also hiring. The tribe is looking for 50 full-time and part-time positions, and will have a job fair on February 23 from 10:00am to 1:00pm.Add those jobs to the 150 that Oneida Nation Enterprises were offering as of last week, and there’s a lot to be hopeful for about the future of the economy, and particularly that of tribal gaming.Connecticut tribes close to new dealGovernor Ned Lamont wants sports betting in his state, and he needs a new deal with the tribes to get it done. He used his budget address to emphasize the push:“My administration has been in active negotiations with our tribal partners to bring the state’s gaming economy into the digital age. And I am submitting legislation which reflects what I believe to be the best bet in ending this stalemate of inaction in a way which is in the best interest [of] the entire state.”Construction resumes at Four WindsThe Pokagon Band of Potawatomi Indians’ contractor recently resumed building a hotel at Four Winds South Bend Casino. Construction slowed down significantly due to Covid-19.The new 23-story hotel was originally due to be completed this year. But with construction crews only working on the foundation now after a 10-month delay, maybe 2022 seems more accurate.
A title like Silver Trails offers a Wild West theme. Notwithstanding this well known theme, this present Novomatic’s slot has 5 reels, 3 rows and 243 different ways to win. In spite of these features, the game has various and interesting things on offer.The Wilds and Scatters are essential for the combination and they carry multipliers with them just as a Jackpot Feature which allows you to win one of 4 different bonanzas. A bet feature is likewise available.Betting and Prizes Much the same as in most slot games, you’ll need to match identical images to get prizes. You can get 3 images in a combo and win a prize. Be that as it may, you can likewise get 4 or 5 of them and improve prize. As said earlier, this game allows you to win one out of 4 bonanzas. They are the Mini, Minor, Major, and Grand bonanzas. Silver Trails has a lot to offer.Silver Trails’ Slot Features Since the royal card images are very famous you’ll see them in this title too. They are joined by the 10 image just as images that fit the theme. These are the revolver and bullet, the cowboy and others.Normally, there are some exceptional images in the combination. The Wild is the first and it seems stacked on reels 2 and 4. Other than this one, you additionally have the Silver Star image which is the Scatter one. At the point when it lands on reels 1, 3, or 5 you’ll get a multiplier that equals the sum on the stars that landed.Also, the Scatter is liable for another feature too. However, for that, you’ll need at least 6 Scatters to trigger this feature. When this occurs, the images that set off the feature remain and place, and you get 3 Bonus spins. The counter moves to 3 when you land another Scatter.On the off chance that you are able to cover the whole reels with the Silver Star image, you’ll get the Grand Jackpot. Then again, you can get any of the other 3. Strong multipliers are additionally important for this feature and they can get as high as 20x your stake.The last feature that allows you to increase your rewards is the Gamble feature. In any case, it’s a dangerous feature as you can lose them on the off chance that you don’t play it right.Theme and Design With Silver Trails slot fans are given another title that is motivated by the Wild West. The images and the background of the game look stunning and the game mechanics are impeccable. At long last, the game’s engineers didn’t mix out the opportunity to make this a mobile-friendly game too.ConclusionSilver Trails takes you to the Wild West and allows you to earn huge prizes. Because of the Jackpot feature you can leave with 1 out of 4 magnificent bonanzas. On the other hand, you can try our the bet feature and appreciate the multipliers that come with the Silver Stars. Wilds are in the combination too.
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The entire concept of a “bull market in stocks” makes little sense. Sound crazy? These days, certainly, because we’re always hearing about a perpetual bull market in stocks. Valuations increasingly disconnected from economic reality, asset bubbles in one class or another, armies of speculators moving like zombie hoards descending on the next fad and blowing it up to infinity and beyond, Buzz Lightyear-like.Why is the whole concept of a bull market generally, nonsense? Because if the value of everything is going up simultaneously, then nothing is going up. If everyone is a superhero, nobody is. If, in an imaginary economy, absolutely everything costs, say, $5, (labor, land, capital whatever) and then the next day everything costs $10, then what’s changed? The answer is absolutely nothing.The only thing that matters is relative valuations between asset classes. Let’s divide them into three of the most basic ones. Equities (stocks), bonds (debt), and commodities (consumer goods). If all three are going up in tandem, then there is no “bull market” in anything. If commodities are going up faster than stocks and bonds, you have inflation, or even hyperinflation. Ask anyone in Venezuela whether they care that their stock market is doing great, nominally. They don’t. They’re looking for their next glop of gruel or morsel of moldy bread to survive the day.But if stocks and bonds are rising and consumer goods are static to falling, you have a bull market in financial assets. This is where we are now. And boy are we really hard and deep into it now. Below is the ratio of the S&P 500 to the CRB Commodities Index.And I’ve got news for everyone. This bull market in stocks relative to consumer goods in dollar terms is already over. It ended almost a year ago. On April 20, 2020 to be exact. Red circle blowoff top above. That was when oil crashed to negative $35 a barrel and we all lived in an alternative financial freakhouse universe. But I have more news than that. This entire “bull market” in stocks has been one gigantic illusion from the very beginning. Stocks aren’t going up. They haven’t gone up for 21 years. Money is going down. Here is the graph of stocks relative to the prime monetary commodity, gold, over the same timeframe above.We can see here that from 1990 to 2000, we had a real bull market in stocks. Equities rocketed in gold terms and in terms of consumer goods generally. Everyone felt richer. Portfolios up, expenses down. But since that time, money has been dying at an accelerated pace and the standard of living has fallen.The bull market in stocks over the last 21 years has been an illusion, a tiny echo of the bull that ended at the turn of the century. We have spent the last 21 years trying to reinflate it, but gold has exposed the lie. We are now at the point where the illusion is about to collapse completely. In my view, we have only a few months left until it all hits the fan. Until then, the bubbles will keep coming in staccato frenetic fashion, moving from one asset class to another faster and faster, until we all get so dizzy we can’t follow it anymore. Last week I speculated that maybe the next target for the zombie hoard will be in penny gaming stocks. I was close. It’s in Macau stocks. It may already have started two weeks ago. The frenzy has started over news about China opening up again. I mean, just look at this crazy chart of the Macau proxy ETF:That last surge higher is just since February 1. We could be at the beginning of a crazy but brief ride higher in Macau stocks right now. New all time highs again, and Macau isn’t even fully open yet. The latest full month statistics for December show a 78.6% drop in visitors year over year. And yet we’re at new all time highs in these stocks already. It’s just completely crazy. I can understand the Macau opening up again trade, but to argue that this factor is being priced in at these levels, at new all time highs? As if none of this full year shutdown hurt any of the casinos fundamentally at all? That’s just totally bonkers crazy. It’s a reflection of the value of the currency these stocks are priced in, not the stocks themselves.What’s happening is that the zombie hoard of bubble chasers is reading the headlines regarding China starting to open up again, and they’re slamming buy orders and call options like they’ve been doing with tech stocks and Gamestop and BTC and all the other fads. We just got news out of Bloomberg that China’s Imax had a face-ripping rally due to exploding ticket sales. China is, indeed opening up, and the zombie hoard of speculators is now going to spray their money hoses at anything Chinese. Macau might be at the center of it.How high can this Macau bubble go, if that’s what we just saw start two weeks ago? The truth is, it doesn’t matter. If you get into it, you’ll get hooked and keep levering yourself up, counting your paper gains, unable to separate from them until you get caught in a vortex. At some point, my view this year, it’s all going to come crashing down when all the damage from 2020 is finally revealed all over the world. You can’t paper it over forever. The damage to Macau casinos doesn’t just go away. It festers in the form of more and more debt, and a damaged consumer base that can no longer patronize casinos in the way it once could. Festering wounds need the paper bandage removed and they need to be operated on. That is painful. And it’s coming.When we think of the word “bubble”, what are we really talking about? A bubble is something that looks, from the outside, to be really big and stable. The shape of it, a sphere, is the most stable shape in the universe. It’s why planets, stars, moons, and possibly even the spacetime continuum itself, spontaneously shape themselves into spheres. The force of gravity equalizes at every point on the sphere, forming equilibrium. Nature always seeks equilibrium. And so bubbles take on the illusion of stability, but unlike a real sphere, there’s nothing inside them. When they pop, they are gone almost instantly. This one is about to pop. Macau appears to be the next victim sucked up by the bubble. Macau will survive and rebuild. The question is, in what form? I wouldn’t take a bet the depended on me getting the answer to that question right.
Tyrant King Megaways plays on 6 reels, gets as many as 117,649 Megaways during regular spins, however then it likewise gets up to 200,704 different ways on the off chance that you get to its free spins. Besides the free spins, there will be Cascading reels, expanding multipliers, wilds and respins. Payouts can be very acceptable, going to 10,000x the stake, while RTP is OK at 96%.Betting and Prizes $0.20 is a low bet, that most players can make use of it and it’s the lowest amount that Tyrant King Megaways permits. At the other end, the highest wagers used is up to $20.Winning big is consistently a chance in slots which depend on Megaways and it is a significant motivation behind why these games turned out to be so popular. It is not easy however, since the unpredictability is also on the high side. All things considered, a bonanza of up to 10,000x the stake is onThe RTP is set at 96%.Tyrant King Megaways Slot Features Concerning the Megaways system. It depends on a fixed number of reels, 6 for this case but on a random number of images for every one (2 to 7 during regular spins). This permits up to 117,649 different ways to win during your regular spins.After a combination forms, cascading reels will trigger, eliminating winning images and adding others in. This can prompt more wins and cascades.Get at least 4 wilds to show up in one spin and the Respins feature triggers. It will give you a Hold and Win style reward with 3 respins offered, during which you need to get extra wilds on the reels. Just wilds and empty positions can show up in this mode. You gather the setting off wilds and any new ones that may appear. In the event that a reel is covered by them, it transforms into a multiplier wild. The respins reset when you get new wilds.Toward the end of the feature, you get every one of those wilds used as a component of new mixes in the base game. Every combo of up to 6 wilds will settle up to 50x the stake.There will be free spins to go after also, up to 15 rounds offered when up to 6 scattered Dinosaur Eggs show up in view. The game area increases, with one extra line of images, so now you can have 200,704 different ways to win active. Another feature will include an expanding multiplier, going up by 1x after each new cascade.Theme and Design We are going back to the period when the dinosaurs roamed and controlled this planet. The T-Rex will be the star, as a wild while Dinosaur Eggs are represent scatters. Standard images include an unlikely picture of an Adventurer, a Cavewoman, three kinds of dinosaurs and the 10 to A Royals. It is a mix of prehistoric and modern at that point, which reminds me of Jurassic Park because you can’t get such a thing elsewhere.ConclusionTyrant King Megaways looks engaging, giving us some new features to try out, along with the ones we already knew and enjoyed. Top wins of 10,000x the stake are not extraordinary in a Megaways slot but rather they look great all things being equal.
คาสิโน ออนไลน์ ได้เงินจริงฟรีเครดิต…
ด้วยชื่ออย่าง 40 Supreme Fruits คุณจะเข้าใจอย่างแน่นอนว่าจะมีธีมแบบไหน สล็อตนี้มีความไม่สามารถคาดเดาได้ปานกลางและ 5 วงล้อและ 4 คอลัมน์ของรูปภาพ สิ่งเหล่านี้เข้าร่วมกับ 40 วิธีในการชนะและคุณสมบัติที่น่าทึ่ง สรุปแล้วคุณจะเห็น Wilds and Scatters ทุกที่บนวงล้อและคุณสามารถเจอแจ็คพอตไดมอนด์และฟีเจอร์ Double or Nothing การเดิมพันและรางวัลเนื่องจากเป็นตัวแทนของสล็อตคลาสสิกคุณจึงตระหนักดีว่าคุณจะต้อง ได้รับการผสมผสานของภาพที่เหมือนกันเพื่อครองในเกมนี้ คุณจะต้องมีอย่างน้อย 3 สำหรับรางวัลที่จำเป็นทั้งหมด เป็นไปได้ว่าถ้าคุณได้รับ 4 หรือ 5 รางวัลของคุณจะยิ่งใหญ่ขึ้น ด้วยภาพที่โดดเด่นในชุดค่าผสมคุณสามารถยกระดับเกมขึ้นได้ในขณะที่พวกมันเรียกใช้คุณสมบัติคุณสมบัติสล็อต 40 Supreme Fruits ธีมยอดนิยมมีภาพที่คุ้นเคย ดังนั้นคุณจะเห็นส้มองุ่นลูกพลัมมะนาวเชอร์รี่และผลไม้อื่น ๆ บนวงล้อ ไม่ว่าในกรณีใดสิ่งเหล่านี้ไม่ใช่สิ่งเดียวที่คุณจะเห็น Wilds and Scatters จะปรากฏบนวงล้อเช่นกันโดยปกติ Wilds จะช่วยคุณในการเดินทางเมื่อทำการผสมที่ชนะโดยการแทนที่ภาพปกติ ในทำนองเดียวกัน Scatter สามารถช่วยคุณได้ด้วยการสร้างส่วนผสมที่ชนะเลิศเมื่อคุณได้ภาพอย่างน้อย 3 ภาพในการผสม ณ จุดนั้นมีคุณสมบัติแจ็คพอตไดมอนด์ซึ่งสามารถให้หนึ่งในแจ็คพอตในที่สุดก็มีเกม Double or Nothing ที่สามารถช่วยคุณในการเพิ่มรางวัลของคุณหรือช่วยคุณในการสูญเสียมันธีมและการออกแบบธีมที่รู้จักกันดีและ การออกแบบที่สวยงามควบคู่ไปกับคุณสมบัติที่ยอดเยี่ยมมีให้กับ 40 Supreme Fruits บทสรุป 40 Supreme Fruits ใช้สล็อตจาก Novomatic ในธีมผลไม้และมอบความบันเทิงมากมายให้คุณด้วย Wilds คุณสมบัติ Jackpot Diamond เกม Double หรือ Nothing และ Scatters
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เมลเบิร์นออสเตรเลีย – ชายลึกลับที่เขาได้ยินเมื่อสองสามวันก่อนในงานกีฬา แต่ Aslan Karatsev จากรัสเซียเข้าสู่รอบรองชนะเลิศของ Australian Open ซึ่งเป็นหนึ่งในการแข่งขันที่ไม่คาดคิดมากที่สุดในประวัติศาสตร์วงการเทนนิสสมัยใหม่โดยเป็นหนึ่งในผู้เล่นไม่กี่คนที่จะเข้ารอบสี่คนสุดท้ายหลังจากรอดจากแกรนด์สแลมเมื่อวันอังคาร การแข่งขันรอบคัดเลือกเมื่อบัลแกเรียเอาชนะกริกอร์ดิมิทรอฟ 2-6, 6-4, 6-1, 6-2 ในสี่เซต Karatsev อายุ 27 ปีย้ายไปอิสราเอลตั้งแต่ยังเป็นเด็กแล้วกลับมา จากข้อมูลของ The Times of Israel รัสเซียในฐานะเยาวชนจะได้รับการศึกษาด้านเทนนิสที่ดีขึ้น เป็นเวลาหลายปีที่เขาเล่นเทนนิสในต่างแดนและประสบความสำเร็จเพียงเล็กน้อย ก่อนทัวร์นาเมนต์นี้เขาไม่เคยผ่านเข้ารอบ Grand Slam มาก่อน เขาชนะการแข่งขัน 3 ครั้งในรายการ Australian Open รอบคัดเลือกที่โดฮาโดยได้รับตำแหน่งในการแข่งขันหลักและเป็นอันดับที่ 114 ของโลก หลังจากเซตแรกดูเหมือนว่าเขาจะคุมการแข่งขันได้ แต่ดูเหมือนว่าจะมีอาการกระตุกในเซตที่สามและดูเหมือนว่าเขาจะต้องออกจากเกมในช่วงที่เหลือของการแข่งขัน มีผู้เล่นเพียงสี่คนเท่านั้นที่ผ่านรอบรองชนะเลิศของแกรนด์สแลมหลังจากผ่านการแข่งขันรอบคัดเลือกโดยเล่นเป็นคู่ผสมให้กับทีมรัสเซียที่ ATP Cup ซึ่งเป็นกิจกรรมของทีมเมื่อเริ่มการแข่งขัน Australian Open ซึ่งผู้เล่นเป็นตัวแทนของประเทศของตน รัสเซียชนะการแข่งขัน แต่ไม่ใช่เพราะ Karatsev ที่แพ้ทั้งสามนัดกับสองคู่หูที่แตกต่างกัน แต่เพื่อนร่วมทีมของเขารู้ว่าเขาเล่นได้ดีอย่างที่พวกเขาเคยเห็นมาก่อน แต่ไม่มีใครสามารถคาดเดาอะไรได้เช่นนั้น “ เรารู้สึกว่าคุณสามารถทำบางสิ่งที่ยอดเยี่ยมได้” Daniil Medvedev ผู้เล่นที่ดีที่สุดของรัสเซียและได้อันดับ 4 ใน Australian Open กล่าว จริงๆแล้วที่จะอยู่ในการจับรางวัลหลัก Grand Slam ครั้งแรกหรือไม่? การแบ่งไตรมาสเป็นสิ่งที่ไม่ธรรมดา ยังไม่เสร็จ. “ไม่อย่างแน่นอน. Karatsev จะชนะการแข่งขันระหว่าง Novak Djokovic และ Alexander Zverev ในเย็นวันอังคาร
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Posted on: February 15, 2021, 10:16h.
Last updated on: February 15, 2021, 10:32h.
Read MoreNew York state Sen. Joseph Addabbo, Jr. (D-Queens), the lawmaker spearheading the push for the Empire State to embrace mobile sports betting, doesn’t just believe the state legislature will pass a bill soon to expand sports betting in the state.
New York state Sen. Joseph Addabbo Jr. takes part in a swearing-in ceremony for his seventh term last month. Addabbo is a leading lawmaker pushing to legalize mobile sports betting in the state. (Image: NYSenate.gov)He also believes the first bets could take place later this year.“I remain optimistic that should it be in the budget April 1st, with a little initiative, our state government can get it up and running by Sept. 9th, which is the first day of the NFL football season,” Addabbo told Casino.org in an interview.It’s been nearly three years since the US Supreme Court opened the door for sports betting nationwide. New York did take advantage and approve retail licenses for its four upstate casino resorts. In addition, Class III tribal casinos are also allowed to offer sportsbooks on their properties.However, analysts and observers point out that New York misses out on a significant revenue stream since it does not allow mobile applications.For example: According to the New York State Gaming Commission, the four retail sportsbooks in the state generated revenue totaling nearly $3.6 million in January. Over the same month, Indiana – a state with roughly a third of New York’s population – saw its mobile and retail operators earn $29.3 million in taxable revenue.The senator said New York usually leads the way when it comes to state policy.“We’re that car in the right lane with four wobbly wheels, and we’re limping along,” Addabbo said. “And these other fast cars like (New) Jersey and Pennsylvania are whizzing by us. That’s an odd spot for New York to be in.”Sports Betting Part of NY Budget TalksA recent study by Spectrum Gaming estimated that mobile sports betting could generate more than $1 billion in gross revenue for New York operators. If the state sets the tax rate at 10 percent, that would mean more than $100 million in annual revenue.Addabbo’s bill, Senate Bill S1183, as well as legislation sponsored by state Assemblyman Gary Pretlow (D-Mount Vernon), sets the rate an 8.5 percent. However, that rate, like other portions of the bill are open to negotiation, the senator said.The senator also noted that the original sports betting bill he filed a couple of years ago gave each casino one skin. Now, the bill offers them two, which means a potential of 14 skins, or mobile operators, for the state once the three downstate casinos are awarded.I think that’s all part of the budget negotiations,” Addabbo told Casino.org. “How many skins and the license fee and the tax rate that is all part and parcel of the budget negotiations. It’s all part of the discussions that we’re going to have, and that’s where we’ll have to come to some agreement.”Still, time is of the essence.April 1, the start of New York’s budget year, is just 45 days away as of Monday. While that’s six and a half weeks, as Gov. Andrew Cuomo told reporters Monday, “in government, 45 days is a blink of an eye.”Addabbo Concerned State-Run System Can’t Meet DemandThe good news is that Cuomo is on board with expanding sports betting in the state to include online applications. The bad news is, his vision for sports betting varies significantly from that of Addabbo and Pretlow. Those lawmakers chair the gaming committees in the respective chambers.Both lawmakers’ bills call for New York to operate sports betting like New Jersey, Pennsylvania, and Indiana. Each of the state’s casinos currently would get the chance to partner with two mobile operators.Cuomo, though, wants the state to be in more control. He wants a system more like the lottery allowing the state to derive more of the revenue. That approach resembles what Rhode Island, Montana, New Hampshire, Delaware, and Oregon have implemented.As Addabbo indicated, though, those states combined have a smaller population than New York.“I’m concerned about New York having a product that can handle the volume and the growing, expanding the market,” Addabbo told Casino.org.He also noted that Oregon leaders are already having second thoughts about their lottery-managed sports betting product.Just last month, Gov. Kate Brown requested that the state’s legislature take up a bill allowing the Oregon Racing Commission to regulate sports betting and grant licenses.“So, if it’s not good enough for Oregon, I don’t think it should be good enough for New York,” Addabbo said.
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