Atlantic City Casinos Win Again Thanks to Online Gambling, Atlantic Club Sold

Atlantic City Casinos Win Again Thanks to Online Gambling, Atlantic Club Sold

Atlantic City gambling enterprises are once once more thoroughly enjoying counting their income that is monthly bounty. And also as had been the situation in previous months, in February it ended up being online gambling that kept the seven staying land-based venues in the black.

Originally known as the Golden Nugget and famed for its commercials starring owner Steve Wynn (left) and Frank Sinatra, the Atlantic Club is poised for yet another makeover after being sold last week.

Total gaming win for February came in at $205.36 million, a feeble 0.3 percent gain set alongside the $204.7 million Atlantic City collected in the month that is same 2016. However when the shuttered Trump Taj Mahal’s previous take is eliminated, the still in business resorts were up 6.6 percent year.

And that’s only because of online gambling where New Jersey residents offered $18.7 million to casinos, a nearly 27 percent year-over-year increase. Table games were down at the brick-and-mortar gambling enterprises, but slot play win was up 1.5 percent.

Borgata once again led the real way with almost $62 million in casino and internet gaming win. Tropicana came in a distance second with $31.5 million.

AC Adapters

Five casinos have actually closed since 2014, but the ‘Gambling Capital of the East Coast’ happens to be in the midst of finding some kind of new norm. Gaming profits have stabilized, and there is a bit of enthusiasm Continue reading “Atlantic City Casinos Win Again Thanks to Online Gambling, Atlantic Club Sold”

South Carolina Casino Legalization Supported by Residents, Georgia Folds on Efforts

South Carolina Casino Legalization Supported by Residents, Georgia Folds on Efforts

The South Carolina casino work to authorize gambling that is commercial now being backed by maybe the most effective vocals in the state, the voters, as a brand new poll finds that nearly seven in 10 residents supports legalization.

Residents are adopting South Carolina casinos, but brand new Republican Governor Henry McMaster, who replaced Nikki Haley after she decided to become US ambassador to the United Nations, isn’t anticipated to get behind gambling.

Conducted by Winthrop University, the poll asked participants whether or not they would support legislation to allow a limited wide range of casinos in the state underneath the condition that tax revenue generated from gambling be earmarked to pay for roads and infrastructure. Sixty-eight per cent said they would favor this kind of measure, while only 30 percent opposed the question.

Mandating that cash collected through the gambling be useful for roads and infrastructure substantially raises South Carolina casino support. Whenever tax income would be simply directed to Columbia without any spending stipulation, only 54 percent favored legalization, with 42 percent opposed.

‘ That is literally earth shattering,’ State Rep. Todd Rutherford (D-Richland) told the continuing state newsprint. ‘What South Carolinians said in this poll is that they are sick and tired of the Republicans digging into their pockets and taking their tax money whe Continue reading “South Carolina Casino Legalization Supported by Residents, Georgia Folds on Efforts”

Oakland Raiders Score New Stadium Proposal in Bay Area

Oakland Raiders Score New Stadium Proposal in Bay Area

The Oakland Raiders are ready to pack their bags for Las Vegas, but one private investment company is hoping to persuade the storied franchise to stay put in Ca.

Mark Davis wants to move his Oakland Raiders to Las Vegas, but investors in the Bay Area are hoping he reconsiders.

Fortress Investment Group, a publicly exchanged investment management firm based in ny City, is dealing with former NFL celebrity and Hall of Fame member Ronnie Lott to preserve the Raiders in the Bay Area. This week, the company resubmitted plans to a build a brand new stadium that is 55,000-seat keep owner Mark Davis in town.

The proposition is rumored to cost $1.3 billion, and will be funded through Fortress putting up $600 million, the NFL and Raiders investing $500 million, and the City of Oakland funding $200 million. The professional football league confirmed to media outlets that it had received the submission.

The group that is same presented a similar proposal, but the NFL rejected it on grounds that more information was needed.

Las Vegas Calls Bluff

While there are numerous Las Las vegas locals who’re not as much as enthused about the possibility of an NFL team calling the city home, the local government largely generally seems to help the Oakland Raiders coming to the Mojave Desert.

Nevada has committed $750 million to building a 65,000-seat domed stadium simply steps from the Strip. The amount of money shall include raising the hotel Continue reading “Oakland Raiders Score New Stadium Proposal in Bay Area”