U.S. gaming industry hanging hopes on stimulus package
Hit hard by the coronavirus pandemic, the American gaming industry, including the expanding legal sports betting market, is optimistic the federal relief bill signed into law Friday by President Donald Trump will help its recovery.
The $2 trillion CARES Act provides emergency liquidity, tax relief and additional support for small businesses, among other measures that could benefit the gaming industry. The funds will be allocated to states then apportioned to individual industries based on eco ...
Mar 31, 2020, 8:47 am - Lottery News forum
Coronavirus has brought casino industry 'to a near standstill'
The Covid-19 coronavirus has effectively quarantined the nation's gaming industry.
More than three dozen states with commercial casinos or Indian gaming facilities have taken actions to suspend casino operations, enacted limitations that led to a shutdown, or have seen gaming companies and tribal leaders independently close their properties.
By late Tuesday, MGM Resorts International one of the nation's leading gaming companies will no longer have a casino property in operation in the U.S. ...
Mar 21, 2020, 11:01 am - Lottery News forum
Despite predictions, state lottery ticket sales have not been hurt by casinos
For years, Rajesh Keshar heard the concerns of his fellow owners of corner stores in Everett, Massachusetts, about what the Encore Boston Harbor casino might do to their lottery sales. They worried that some customers would shift their spending from scratch tickets and numbers games to slot machines and gaming tables.
Everybody was talking bad about it, said Keshar, who runs Elm Street Market, about 2.5 miles from the massive casino, which opened in June. I was thinking positive. Because I k ...
Feb 3, 2020, 9:37 am - Lottery News forum
Will R.I. Lottery win or lose in $1 billion IGT contract battle?
Is it a wise move that would keep more than 1,000 high-paying jobs in Rhode Island or just the latest example of a you gotta know a guy back-room deal?
Is the lottery giant IGT as Rhode Island as Del's lemonade or as British as Big Ben?
In short, is the proposed no-bid, $1-billion, 20-year extension of IGT's current 20-year gambling technology contract a solid win for the Rhode Island economy or an ill-advised sweetheart deal ?
As state lawmakers prepare to review the proposal this fall ...
Aug 13, 2019, 8:34 am - Lottery News forum
Wisconsin man wins $1.19M on his first sports bet
James Adducci flew to Las Vegas from his home in Wisconsin on April 9 with the notion of placing an $85,000 wager on golfer Tiger Woods to win the Masters. Woods had not won one of the four PGA major tournaments since 2008 and was at 14-to-1 odds when the bet was placed at the William Hill US sportsbook inside the SLS Las Vegas.
Adducci admitted his first-ever sports bet was a longshot.
Golf was so special for my dad and me, Adducci said.
We know how it ended.
Woods' historic victor ...
Apr 16, 2019, 10:28 am - Lottery News forum
Four NJ companies roll out sports betting as NFL season kicks off
On the day the National Football League season kicked off, four gambling companies either began offering sports betting in New Jersey or announced plans to do it soon.
The Tropicana casino said Thursday that it had reached a deal with William Hill Race Sports Book to offer sports betting in the near future. No timetable was given for the launch.
Hours later, the New Jersey Division of Gaming Enforcement said Caesars casino began online and mobile sports betting, but the casino said later i ...
Sep 7, 2018, 11:09 am - Lottery News forum
Pennsylvania casinos file suit against state lottery over Internet-based games
Seven commercial casino operators in Pennsylvania have filed suit in Commonwealth Court against the Pennsylvania Lottery over its new breed of casino-style online games.
The casino operators are asking the court to stop the Lottery from offering the games, introduced in May, arguing they cut too close to the online games that the casinos say state gambling law reserves exclusively for them.
The suit alleges several of the Lottery's games improperly imitate the look, sound and feel of slot ...
Aug 22, 2018, 3:14 pm - Lottery News forum
Pennsylvania Lottery is now offering simulated sports games, much to casinos' dismay
The Pennsylvania Lottery on Tuesday rolled out the latest addition to its line-up with the introduction of a simulated sports games that may appeal to football and auto racing fans.
Called Xpress Football and Xpress Car Racing, these realistic animation of sporting events allow players to bet on an outcome of a random computerized drawings that occur every five minutes.
Tickets to play the games can be purchased and checked at any lottery retailer. Those who want to watch the drawing resul ...
Aug 17, 2018, 11:48 am - Lottery News forum
First sports betting licenses issued by West Virginia Lottery
Legalization of sports betting in West Virginia has reached another milestone, with the issuing of the first sports betting licenses by the state Lottery Commission.
That includes the first casino operator's license, issued to Hollywood Casino, in Charles Town.
They are the first casino licensed to offer sports betting, Danielle Boyd, legal counsel for the Lottery Commission, said Monday. They are committed to going live at Charles Town and accepting bets on Sept. 1.
She said Hollywoo ...
Aug 14, 2018, 10:10 pm - Lottery News forum
Pennsylvania iLottery hits $21.6 million in sales
Rivals complaints lead to marketing changes
Pennsylvania's brand new online lottery, the iLottery, reported sales of $21.6 million in its first 26 days from its launch on June 4, despite the best efforts of the land-based casino industry to sink it in the first few weeks.
Lottery Executive Director Drew Svitko told local media on Monday that 45,000 players had registered and the iLottery had paid out $18.7 million in prize money during the period, despite the initial roll out offering just ...
Jul 12, 2018, 10:08 am - Lottery News forum