This Week in Gambling

News coming out of Las Vegas is that up to 20% of the casinos on the Strip could be up for sale as soon as next year, including properties like Caesars Palace, Bellagio and the MGM Grand. Also, industry news finds that talk of regulation continues as sports betting spreads to states like Connecticut and Arizona, among others. Well well well… we meet again. Back for another edition of This Week in Gambling. Interesting news coming out of Sin City where there are rumors of a massive sell-off on the Las Vegas Strip, but first, this week’s big story. Sports…

The final rules for DC sports betting won’t be ready for the start of the NFL season in September. City officials are still working on aspects of them, including advertising restrictions, licensing requirements and a prohibition on wagers on local college sports. This delay will most likely last several weeks. One complicating issue is the fact that the District of Columbia does not have casinos, horse tracks or other traditional gambling locations like other states. Therefore, there are no brick and mortar locations that can expand to include wagering on sports. The new D.C. law instead permits betting at arenas,…

MGM Resorts International is reported to be exploring the sale and leaseback of the MGM Grand & Bellagio casinos on the Las Vegas Strip. Bloomberg News said the company is working with an adviser to solicit interest from potential buyers as either as stand-alone sales or bundled together. In a conference call with investors, MGM Resorts Chairman and CEO Jim Murren said no decision has been made and the plan will develop from the work of a committee of three independent directors commissioned back in January to evaluate ways to extract value from the company’s massive real estate portfolio, possibly…

Since the Supreme Court decision on sports betting in 2018, players have been asking about the states where sports betting is legal. In fact, several states have either regulated the activity or have decided to move in that direction.  All told, some 42 states are taking steps toward the regulation of betting on sports. Below is a list of states where sports betting is legal and open for business (or where a launch date for regulated sports gambling has been set) as of August 11th, 2019: Nevada legalized sports betting in 1949. It was the first state to regulate sports…

William Hill has been growing quickly in the sports-obsessed U.S. market. That aggressive expansion could see its sports books break the $1 billion barrier across several states where sports gambling was recently legalized. The company is scheduled to report its half-year results soon and is hoping it can generate around 45% of its revenues in America. The company has positioning itself well for the start of the new NFL season in September by opening dozens of new sports books. William Hill has secured licenses in eight states that have legalized sports betting since the Supreme Court struck down the Professional…

The Microgaming Cash Mountain Promotion on their Poker Network has announces the launch of its new summer promotion. It will providing cash game players with a unique opportunity to scale the summit for a chance to win some juicy rewards. The MPN’s second cash game leader board promotion of the year runs from 12-31 August 2019 and will result in 15 players winning epic leader board prizes, worth over €20,000 in total. Available to play on any of the MPN’s partner poker rooms, the Cash Mountain promotion will consist of three cash game leader boards on 12-16 August, 19-23 August,…