This Week in Gambling

The vote on California Sports Betting is just weeks away, and fear is growing that both ballot propositions on the matter will fail. We speak to James Siva, Chairman of the California Nations Indian Gaming Association, about both California sports betting propositions on the ballot. Discussion includes the benefits and detriments of each on the Tribal Gaming business in the state. Mr. Siva is also of the Vice Chairman for the Morongo Band of Mission Indians in Cabazon, California. The vote on California sports betting is just weeks away, with two propositions competing to legalize sports betting in the state…

September was an amazing month for sports betting in New York, which was the first month of the NFL season. The kickoff of professional football translated to damn near a $1.3 billion handle for the state, which was almost 45% higher than August. This is the second straight month that sportsbooks there have shown a positive turn around. Prior to this, they had seen a four-month slide. All that betting translated to over $143 million for the state in gaming revenue, which was a record. The numbers blew right past the old record of just  over $124 million , which…

There are quite a few casinos and resorts planned for Las Vegas in the next few years. And now, you can add the All Net Resort name to that list. That project has found some new life via additional funding, as is now expected to open sometime in 2025. The new resort will be built on a 27 acre parcel that sits between the Sahara Las Vegas and the Fontainebleau, which is a new resort itself and should be open by next year. The All Net Resort, along with the Fontainebleau, could add some much needed life to the north…

It’s been an amazing run for US gambling revenue, with Nevada on a streak of billion dollar months. We just reported that New Jersey is showing increased profits from last year to this year. So it should be no surprise that the country as a whole is raking in record gaming profits. Numbers provided by the American Gaming Association and their Commercial Gaming Revenue Tracker show that, as a whole, US gambling generated $4.9 billion in the month of August. It was also the 18th consecutive month that gaming revenue in America showed growth from the year before. This despite…

We’ve known that Bally’s Casino will be rebranded as the Horseshoe Las Vegas for some time now. In fact, in our last This Week in Gambling show we reported from the Strip, where we showed some of the transition well underway. There was construction removing the Bally’s sign, and the name was already off of the building. Now we know when Caesars believes the transformation will be complete. The company has finally let everyone know that the Horseshoe Las Vegas will officially be up and running in December of this year. So it looks like we get a horseshoe for…

Nevada isn’t the only state with gaming that’s doing well. New Jersey gambling revenue is also rocking, despite the threats of economic issues on the horizon. In fact, the state took in $485 million last month, which was a 7% increase year over year. The numbers were reported by the New Jersey Division of Gaming Enforcement, and they show that casinos and horse tracks offering sports betting lead the charge. The nine casinos in the state  contributed over $250 million as well, which was also a growth of over 1%. So far this year, Atlantic City casinos have generated over…