Category: Land Based Gaming and Casinos
Sheldon Adelson’s Failing Health
Questions have been raised about Sheldon Adelson’s failing health as the start date looms for a trial in Clark County District Court that could cost the company millions of dollars in damages. Hours after news surfaced that Sheldon Adelson is seriously ill, the company confirmed he has non-Hodgkins lymphoma. It is unclear whether Adelson, 85, will be able to testify in the civil lawsuit brought by Hong Kong businessman Richard Suen, who has been seeking compensation from the gaming giant since 2004 over the assistance he claims to have provided Adelson and the company in landing a lucrative concession to…
Illinois Sports Betting Hopes Rise with New Governor
New Governor J.B Pritzker has raised hopes of legal Illinois sports betting after including $200 million in future tax revenue from wagering activities in his 2020 budget proposal. Pritzker is proposing to legalize sports betting at facilities across the state, including in-person and online gambling. Those betting via the internet would be able to do so from inside Illinois or in a jurisdiction that has entered into a reciprocal agreement with the state. Pritzker has said Illinois could generate between $384m and $680m in gross sports betting revenue per year under full implementation. Based on the proposed 20% tax rate,…
Horse Racing in Utah: “Serious Concerns” says Governor
In a “shocking” announcement, Governor Gary Herbert said he does not support horse racing in Utah, or the bill submitted there to regulate parimutuel betting. Senator David Hinkins filed the bill, and it would allow counties to decide whether they want to allow betting on horse racing or not. However, the governor of the state has already expressed “serious concerns about allowing parimutuel betting into Utah.” The governor’s spokesman Paul Edwards said in a statement that “parimutuel betting doesn’t add to economic prosperity.” Moreover, the spokesman said that because of how federal law treats gaming on Indian reservations, horse racing…
Caesars DraftKings Online Gambling Agreement
A Caesars DraftKings online gambling agreement has been reached which will give the fantasy sports provider access to the markets in several states. The deal lets DraftKings offer its online gambling products in “certain states” in which Caesars operates, but the companies did not specify which ones. DraftKings will promote Caesars Entertainment as its official casino-resort partner in the states where the companies collaborate, and Caesars Entertainment will receive equity in DraftKings. Caesars can also continue to offer their own branded sports betting and online casino apps in each of these jurisdictions. Mark Frissora, president and CEO of Caesars Entertainment,…
Utah May Legalize Horse Race Betting
A Utah lawmaker rolled out a bill seeking to legalize horse race betting, despite the fact that gambling is for the time being illegal in Utah. The new bill called SB181 is sponsored by Senator David Hinkins. It will provide local voters with the chance to make decisions on the fate of wagering on horse racing or so-called “parimutuel betting” in each county. According to the bill’s sponsor, the proposed piece of legislation is to be backed by some counties across the state. Senator Hinkins has further shared that to him, the state ban on horse race betting is an…
Sports Betting in Iowa Gets a Look
Casinos would run sports betting in Iowa if the new bills in the Iowa House and Senate were to legalize the practice. Bets would be allowed on college and professional sports at the state’s 19 land based casinos, as well as online if Iowans visit a casino in person to register an account and provide age verification. The requirement to visit a casino in person would sunset after 18 months under a Senate bill. The bill, which passed a Senate subcommittee Tuesday, would also legalize fantasy sports for the first time in Iowa. A similar bill in the House is…




















