Nevada casinos posted profits in fiscal 2016, the first time the industry has been in positive territory since before the Great Recession. This week, the Nevada Gaming Control Board released their annual Nevada Gaming Abstract, which showed the 273 gaming venues that earned more than $1m in revenue in the 12 months ending June 30, 2016 generated a combined income of $979m versus a net loss of $662m in fiscal 2015. Overall revenue at state-licensed gaming venues reached $25.2b, up from $24.6b in fiscal 2015, and only around $100m off the all-time peak of $25.3b in fiscal 2007. Casinos also…

Nevada Representative Dina Titus is urging the President Elect to oppose a call for an online gambling ban.The Democratic Congresswoman sent a letter to Vice President-elect Mike Pence, head of Trump’s transition team, this week. Her letter was in response to a letter signed last month by ten attorneys general who opposed online gaming. The ten Republican attorneys general sent their letter Nov. 17 to Pence asking him to consider the Restoration of America’s Wire Act (RAWA). Nevada’s Attorney General, Adam Laxalt, was a cosigner of the letter. The Restoration of America’s Wire Act is legislation that would effectively ban…

[three_fifth padding=”0 15px 0 15px”] [/three_fifth]MGM Resorts recently launched their real money online gambling platform, giving players an opportunity to compete in bingo, video poker and slot tournaments. Also, which states in America are most likely to pass online gambling legislation in 2017? This week’s special offers are from Casino Mate and the Golden Riviera casino!

At the Friday May 13 meeting of the Nevada Gaming Policy Committee, Governor Brian Sandoval said that he was willing to sign an interstate compact to share online poker liquidity with New Jersey immediately. “I’m ready to go,” said the governor, adding, “It’s a win-win for both states.” The governor was immediately backed by A.G. Burnett, the chairman of the Nevada Gaming Control Board. Burnett said that he was “ready, willing and able” to sign an interstate agreement with New Jersey. The Policy Committee was clearly unsure as to why New Jersey was not equally enthusiastic. The committee told the…

Political observer Jon Ralston interviewed Nevada’s Attorney General Adam Laxalt, who admitted to supporting Sheldon Adelson’s Restoration of the Wire Act (RAWA), on his TV program Ralston Reports. Laxalt also revealed his intention to signing a letter going around to US attorney generals, which supports a ban on online gambling.Nevada Governor Brian Sandoval responded to the interview saying, “The gaming industry is changing and in order for Nevada’s businesses to maintain a competitive edge internationally, we must enact policies that allow the industry to meet the demands of a younger, more technologically engaged gamer. “The groundbreaking online gaming bill previously…

There are at least 1.3 billion reasons why the operators of DraftKings and FanDuel are beginning to sweat. The two largest daily fantasy sports companies were each valued at $1.3 billion this year by the investment community. Both companies, fueled by hedge funds, investment firms, billionaires, and professional sports leagues, were considering initial public offerings sometime in 2016. That path met a roadblock. The Gaming Control Board issued a “cease and desist” order two weeks ago to the daily fantasy sports sites, saying the activity was the definition of sports wagering under Nevada law. Until they are licensed by the…

Well this is interesting. The friendly folk regulating casinos Nevada say fantasy sports are gambling. At least for now. Anyone who has watched professional football this season has seen the ubiquitous advertising and promotion for pay-to-play daily fantasy sports sites such as DraftKings and FanDuel. On October 15th, 2015, the Nevada Gaming Control Board issued a notice in which they concluded that fantasy sports are gambling under state law. The Board ordered all unlicensed fantasy sports operators to “cease and desist” immediately, and until the requisite gaming approvals are obtained, or until applicable gaming laws are changed by the Nevada…

Nevada gaming regulators banned unlicensed daily fantasy sports websites from providing their product to Silver State customers, saying the activity constitutes sports wagering. In an order filed by the Gaming Control Board Thursday, the agency said daily fantasy sports websites, such as DraftKings and FanDuel, can apply for a Nevada gaming license to operate a sports pool. The Control Board issued a “cease and desist” order that bans the websites from Nevada. “Since offering daily fantasy sports in Nevada is illegal without the proper license, all unlicensed activities must ceases and desist from the date of this notice,” wrote Gaming…