Nevada Among State Gaming Regulators Slamming “Integrity Fees”

Top gaming officials from four ideologically different states combined forces to push for a set of sports betting priorities. Leaders from Nevada, Michigan, Massachusetts and Louisiana issued a statement criticizing integrity fees and advocating “reasonable” tax structures. They also back allowing states and tribes to set their own rules without federal intervention. “As experienced gaming regulators who are part of the U.S. State Gaming Regulators Forum, we would encourage jurisdictions to establish and implement regulatory models that are not only adaptive and successful, but that remain flexible enough to be sturdy, yet encourage innovation.” Different states will enact different rules…

Churchill Downs Teams with Golden Nugget for Sports Betting

US-based racing, gaming, and online entertainment company, Churchill Downs Incorporated (CDI) has announced that it will be entering the online sports betting sector in the US through two new partnership agreements with SBTech and the Golden Nugget Atlantic City. The agreement between CDI and SBTech will see the later provide an online gaming platform including a consumer website, mobile apps, and back office systems. The aim of the partnership with SBTech is for CDI to enter the online gambling sectors of New Jersey and Pennsylvania, where online gambling and sports betting has already been approved. Mississippi will also be targeted…

Resorts World Las Vegas

777-Room Las Vegas Casino and Hotel Planned for Downtown

A planned downtown Las Vegas casino will feature a 459-foot-tall, 777-room hotel tower and 117,740 square feet of gaming space where the Las Vegas Club once stood on Fremont Street, according to documents submitted with the city. Derek Stevens, owner of The D casino downtown, is listed as owner and chief executive officer of the 18 Fremont project, a reference to the property address. According to documents filed with the Las Vegas Planning Commission, the property will have a 1,526-space parking garage across Main Street that will be connected to the casino via a sky bridge. More about the new…

Resorts World Las Vegas

New Casino on Vegas Strip: Monte Carlo is now Park MGM

The Monte Carlo is no more. The 22-year-old Strip resort today was renamed the Park MGM. The transformation, which is ongoing, began with the opening of the Park Theater in December 2016 and has been undertaken while the property remains open. “Today is one of the many milestones in the transformation,” said Patrick Miller, the property’s president and chief operating officer. “The first milestone was Park Theater at the end of 2016. Today’s milestone just marks the name change and, really, there’s no Monte Carlo components left. All the guest rooms are under Park MGM rooms. The casino is Park…

Virginia sports betting bill

Virginia Getting New Casino and Horse Track

Following a lengthy history of staunch opposition, the state of Virginia seems to be experiencing a shift when it comes to casino-style gambling. The Pamunkey Indian tribe has recently disclosed its plans to build a $700 million casino and resort in partnership with Yarbrough Capital and is currently eyeing a 600-acre property in New Kent County, located just 30 miles east of Richmond. Soon after, another announcement came on the heels of the Pamunkey project: Chicago-based company Revolutionary Racing has struck a $20 million deal to buy Colonial Downs, a closed down horseracing track located just minutes away. Gambling laws…

Report: FOBT Stakes Will be Cut to £2

The maximum FOBT stakes stake for these so-called ‘crack cocaine’ gambling machines is set to be slashed to £2 following publication of a report due within weeks, it emerged today. Sports Minister Tracey Crouch will press ahead with the dramatic reform later this month, it was reported. The plan is controversial because ending huge stakes played on Fixed Odds Betting Terminals will leave a £400million hole in gambling tax revenues. But the Department for Culture Media and Sport is pressing on to tackle the problems of gambling addiction and money laundering. A Whitehall source told the Sunday Mirror: ‘We’re going…