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Harrah’s New Orleans Blames Cigarette Ban for Declining Profits, Pennsylvania Casinos Set Record

Лют 29 2020 Published by under TopSlots

Harrah’s New Orleans Blames Cigarette Ban for Declining Profits, Pennsylvania Casinos Set Record

Harrah’s New Orleans says the cigarette ban imposed by the town a year ago this week has negatively impacted its gambling revenues and requirements to be held accountable for the casino’s volitile manner.

Harrah’s New Orleans state the citywide smoking ban is shuffling up revenues in the direction that is wrong.

Statistics supplied by the Louisiana Gaming Control Board seem to back those claims up. Gross gambling revenue at Harrah’s New Orleans totaled $23.9 million in March, down nearly 21 percent through the $30.2 million the casino produced in the same month during 2015.

Since 2007, all Louisiana workplaces and restaurants have already been smoke-free, but the law didn’t use to casinos and bars. Following a unanimous New Orleans City Council vote and Mayor Mitch Landrieu’s (D) signature, a city ordinance went into effect on April 22, 2015, that banned smoke smoking and vaping on the casino floor.

‘ Slot revenue, Harrah’s source that is largest of revenue, happens to be impacted probably the most with slot revenue down 17 % in the time scale following ordinance’s impact compared to prior year,’ Harrah’s spokeswoman Jade Brown-Russell claimed. ‘In the 12 months impacted by the smoking ban, Harrah’s has experienced gaming income declines in 10 of the 12 months.’

Clash of the Ash

Supporters of the clean air ordinance state Harrah’s is simply searching for a scapegoat to place b Continue Reading »

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Online Revenues Soar for Ladbrokes Coral as Retail Profits Tumble

Лют 28 2020 Published by under TopSlots

Online Revenues Soar for Ladbrokes Coral as Retail Profits Tumble

Just like online sales for common items have forced many brick-and-mortar stores that are retail close, it seems the greater ‘punters’ in the UK bet online, the less they bet in old-fashioned bookmaking stores.

Online successes felt from the merger that created Ladbrokes Coral haven’t fully offset the losings expected at retail shops that are betting London and the British.

Ladbrokes Coral’s income from electronic operations climbed 17 percent in the first half of 2017, with recreations betting profits up 25 percent, according to the FTSE 250 business’s latest public monetary reports, released on Thursday.

The amount that is overall online on sports grew by 27 percent, while revenues from games such as online roulette showed an 11 % increase. Profits from land-based operations, meanwhile, slipped six %, as the total amount bet in these shops on like-for-like offerings declined seven percent.

Coming FOBT Crunch

The online boost aided total income inch up by one per cent compared to last year, but figures for retail betting make for grimmer reading. And with regulations on fixed-odds gambling terminals expected to be tightened soon carrying out a government revue, odds of a retail rebound seem slim.

Some politicians have called for the odds on FOBTs to be cut from £100 ($131) a spin to £2 ($2.61), a move that the bookmaking industry has warned would lead to the loss in 20,000 jobs, and result in c Continue Reading »

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Iowa Lotto that is hot Fraudster Brother Arrested, New Details of $1.2M Scam Emerge

Лют 28 2020 Published by under TopSlots

Iowa Lotto that is hot Fraudster Brother Arrested, New Details of $1.2M Scam Emerge

The brother of Iowa Hot Lotto scammer Eddie Tipton has been charged with ongoing unlawful conduct, thanks to a new forensic breakthrough in the case.

Iowa Hot Lotto fraud case: Tommy Tipton, cousin of previous lottery security director Eddie Tipton, is currently also accused of being part of a unlawful community that claimed at the least six rigged jackpots in five separate states.

Tommy Tipton, 51, a justice that is former of peace and reserve police from Flatonia, Texas, was arrested for their part in claiming fixed jackpots in Colorado and Oklahoma that allegedly netted him $1.2 million. He reportedly handed himself in to police and has since been released on bail.

His sibling Eddie, the director that is former of security at the Multi-State Lottery Corporation, was convicted a year ago of rigging the $16.5 million Iowa Hot Lotto draw in 2010.

At his test, prosecutors argued that he’d installed a hack that is self-destructing to ensure the random number generator (RNG) used into the draw on December 29, 2010 picked their figures. He also tampered with surveillance cameras so his installation of the program could not be detected.

Eddie Tipton ended up being sentenced to ten years in prison last July, and is now waiting for test on charges linking him to phony jackpots in Colorado, Oklahoma, Kansas, and Wisconsin.

Three-Day-A-Year Pattern

Documents detailing the complaint that is criminal T Continue Reading »

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DraftKings and FanDuel Agree with NCAA to Suspend Amateur and College Sports Contests

Лют 28 2020 Published by under TopSlots

DraftKings and FanDuel Agree with NCAA to Suspend Amateur and College Sports Contests

No more March Madness: DraftKings and FanDuel have actually agreed to suspend the offering of DFS contests on NCAA games.

As the 2016 Men’s NCAA nationwide Championship finished in spellbinding drama yesterday evening and Kris Jenkins’ sizzling, match-winning shot in the final micro-second of the blew our tiny little minds, that is probably the this past year ever that fans will be able to ramp the enjoyment up of March Madness through DFS contests.

Both DraftKings and FanDuel have voluntarily agreed this week to close the drafts on college-level and amateur sports. This follows what a FanDuel spokesperson called ‘months of productive conversations’ with the NCAA, as well as state legislators, during which both businesses heard their concerns about the effect of dream activities on college-level and athletics that are amateur.

Both Indiana and Virginia, which this present year became the first states to regulate DFS in the usa, included provisions within their legislation that the contests ought not to be based on university competitions.

‘It is clear that this is an issue that issues to a variety of constituencies and we feel that the best path forward is to suspend offering these contests pending quality regarding the issue within state legislatures,’ said FanDuel.

‘We supported all of these efforts, and going ahead we will earnestly support bills containing the same provisions. We Continue Reading »

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Casino News: NHL Expansion, Las Vegas September Casino Revenues, MGM Grand Purchase

Січ 10 2020 Published by under TopSlots

Casino News: NHL Expansion, Las Vegas September Casino Revenues, MGM Grand Purchase

This week’s casino news begins us off having a whole story about the NHL’s newest franchises getting involved in gambling. We include the Las Vegas casino profits for September 2019, along with a change on the impending sale associated with the MGM Grand by MGM Resorts.

The expansion that is NHL for Seattle is on the verge of signing a cope with the Muckleshoot Casino in Washington state. Seattle Hockey Partners — composed of TPG Capital’s David Bonderman, Hollywood producer Jerry Bruckheimer (Flashdance, Top Gun, Ebony Hawk Down, Pirates of the Caribbean), and Tod Leiweke (ex-Seattle Seahawks CEO) — owns the expansion franchise. The team has no name at the moment, but is expected to announce an official name by the 2019-2020 NHL All-Star Weekend.

Will the groundbreaking casino partnership pave the real way for more casino-hockey relationships down the road?

Expansion NHL Franchise Partners With Tribal Casino In Seattle

The NHL expansion franchise that will be based in Seattle will not just take the ice for the first time until the 2021-22 season. However, they are currently making some company deals since the ownership group of the franchise has struck a partnership with a tribal casino in Washington. The Muckleshoot Casino in Auburn, which is located just 40 minutes south of Seattle, are going to be the formal casino of both the group and the KeyArena in Seattle. The casino will have spo Continue Reading »

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