This Week in Gambling

So you like to gamble? Then what would you wager on the odds of a Major League Las Vegas baseball team? Well, if you’re purely playing the odds, things are looking better and better for Sin City all the time. Nevada has already managed to lure one team away from Oakland: The NFL’s Raiders, who made the move a few years ago. That followed the success of a Las Vegas expansion team for the National Hockey League. And it’s important to note that the Raider’s move occurred in a similar situation to what the Oakland Athletics are facing now. Several…

Who better to track gambling in America than our friends at the American Gaming Association? And their statistics seem to indicate that we could be looking at record revenue numbers for 2022. It makes sense. After all, there are more states legalizing different forms of gambling than ever before. Not only is sports betting exploding, but the successful regulation of betting on sports has had the additional effect of expanding online gambling. And now, the AGA’s Commercial Gaming Revenue Tracker has tallied the numbers for the first part of the year. Those figures show that gambling in America is up…

This week’s gambling news focuses on the Macau casino lockdown from the latest Coronavirus outbreak. Casinos there just reopened, but travel restrictions have already cost them millions, and will probably cost them billions, and is already costing Las Vegas gaming companies like MGM Resorts, Wynn Resorts, & Las Vegas Sands millions! When it comes to gambling revenue, Macau china is the world leader. In fact, Macau generates three times as much money as Las Vegas… at least, it used to. Wynn, MGM, and the Las Vegas Sands all have casinos in Macau. Actually these American companies have a combined 11…

Macau casinos did reopen over the weekend, but there were no players beating down the doors. In fact, with the exception of those who work and live there, almost no one is visiting the city built for gambling. Travel restrictions from the Chinese government have the city on lock down. All of this comes from the latest (and greatest) outbreak of Coronavirus in the country. Beijing has a “zero Covid” policy in place, meaning that restrictions are harsh, and punishments for violating them are serious. Is it any wonder that the city is void of visitors? Even though Macau casinos…

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Professor I. Nelson Rose, Gambling and the Law How do you know Macau casinos are in trouble economically? Well, if a major news source says there is a “silver lining” in being shut down that may be an indication. And that’s what the Asia Gaming Brief  did then they published an article titled “Macau Casino Closures Provide Some Relief from Cash Burn.” Now, casinos in Macau have so few gamblers, in fact, so little revenue of any kind, that the government finally ordering them completely closed is a small blessing.  At least this way, the casinos do not have to…