Horse Racing Betting Under Pressure: How Immigration Crises Affect Futures at Delta Downs | 10BET

Master Horse Racing Betting at Delta Downs: Expert Tips and Winning Strategies

Key Highlights: Dive into the heart of the track and master the art of horse racing betting, where we reveal the most lucrative wagering opportunities, major race outcomes, and the essential statistics every avid gambler needs to win.

  • Over 80 undocumented racetrack workers arrested in ICE raid
  • Horses reportedly left unattended during sudden enforcement operation
  • Industry questions labor practices and equine safety oversight

In a startling turn of events, Louisiana’s Delta Downs racetrack was placed in lockdown during Tuesday morning’s joint immigration enforcement raid that primarily targeted backstretch workers. This operation involved the shutdown of several roads surrounding the racetrack, leading to widespread concerns within the horse racing community.

horse racing
Image by kalle2709 from Pixabay

According to reports from U.S. Immigration and Customs Enforcement (ICE), more than 80 individuals were arrested for working without proper documentation. Among those detained were several individuals with prior criminal convictions or multiple illegal entries into the U.S.

As ICE continues to investigate potential criminal conduct associated with the hiring of these undocumented workers, many in the industry have raised alarm over deep-seated labor practices and welfare oversight. Eric Hamelback, CEO of the National Horsemen’s Benevolent and Protective Association (HBPA), voiced serious concerns regarding the treatment of horses during the raid. He mentioned that some horses had been left unattended on wall ties and machines, jeopardising their well-being. “I was informed of one rider who was forced to dismount and let their horse go. There’s a serious lack of concern for equine welfare here,” he expressed.

Welfare Concerns

The situation at Delta Downs, which is currently undergoing a Quarter Horse meet, raises questions about animal safety during rapid enforcement actions like this. Further complications arise from the backstretch operations, where workers care for and prepare horses, encompassing stables and maintenance areas.

Reliance on Immigrant Labor in Horse Racing

The horse racing industry has a long history of relying on immigrant workforce for low-wage, physically demanding roles primarily located in the backstretch. However, many of these workers are not directly employed by the racetrack; rather, they are often hired by trainers or subcontracted entities, leading to precarious work conditions.

While many workers are hired legally through the H-2B visa programme, navigating these legal channels proves a challenge. The complexity and costs associated with obtaining these visas often lead trainers to seek informal labor arrangements, leaving a portion of the workforce vulnerable to exploitation. Data released by industry reports suggest improving job conditions and wages could attract more domestic workers to these roles.

“Our company complies fully with federal labor laws, and to our knowledge, no Delta Downs team members were involved in this matter. We will cooperate with law enforcement as requested,” stated Boyd Gaming in an official release.

This incident marks the first large-scale immigration raid at a U.S. racetrack since the Trump administration commenced in January, coinciding with a wave of anti-ICE demonstrations that occurred in multiple U.S. cities recently. While many protests remained peaceful, some escalated to violent confrontations, especially in areas like Los Angeles and Portland, sparking a wider discussion regarding immigration and enforcement policies in the U.S.

More Facts on the Incident

  • Over 200 miles away from New Orleans, Delta Downs is a prime location for horse racing enthusiasts.
  • The industry has been scrutinized for its reliance on undocumented workers, leading to proposed reforms.
  • Multiple stakeholders, including animal welfare groups and labor rights advocates, continue to call for better working conditions.

As this situation unfolds, both the racing community and the broader public will be closely observing the implications of such enforcement actions for the future of racing in the U.S. The balance between regulatory compliance, animal welfare, and fair labor practices will be crucial moving forward.

In summary: The recent ICE raid at Delta Downs has exposed critical issues surrounding labor laws and animal welfare in the horse racing industry. The arrests of over 80 workers and potential implications for horses and job conditions highlight the need for a comprehensive review of immigration practices and animal care standards in racing.

MGM China Leads Macau Rivals in Table Games Resurgence, Analysts Say

MGMs Casino Resurgence Driven by Surge in Table Games, Outpacing Macau Rivals According to Analyst

  • MGM China operates two prominent casino hotels in Macau.
  • The company benefits from the addition of more table game capacity, unlike many competitors in the region.

Despite facing challenges from the ongoing impacts of the coronavirus pandemic, the global trend in casino gaming is showing signs of recovery as players return to their favorite table games. This resurgence is particularly evident in Macau’s gaming revenue, which is demonstrating a positive upward trend spearheaded by MGM China as patrons once again gather around the felt to engage in strategic play.

MGM China, which owns the MGM Macau and MGM Cotai, is not just bouncing back; it’s strengthening its market share in the world’s largest casino market. A recent report by Morningstar’s analyst, Jennifer Song, highlighted how Pansy Ho’s company is capitalising on a significant increase in their table game offerings.

casinos
Image by Arcaion from Pixabay

Recently, MGM China received authorisation for an additional 200 gaming tables as part of their operational expansion through the 2023-2032 concession period. This marks a substantial 36% increase in their capacity, especially considering that other casinos in Macau, on average, have reduced their table counts by approximately 11%. These additions are part of MGM China’s strategy to modernise its facilities, enhance customer experience through renovations, and leverage data analytics for targeted marketing. This comprehensive approach positions MGM China strongly against its competitors.

MGM China’s Financial Resilience

Operating a casino in Macau can be particularly costly due to the government’s push for operators to diversify into non-gaming sectors, which has led to increased operational expenses. However, MGM China is well-equipped to navigate these financial waters, thanks to its robust balance sheet. By the end of the last fiscal year, they reported having a healthy cash reserve of $685 million, coupled with access to a $1.5 billion revolving credit facility.

This financial strength also facilitates the continuation of their dividend program. MGM China resumed dividends in 2023, maintaining a payout ratio of 50% for 2023 and 2024, with expectations of similar results for 2025 as they continue to gain financial momentum.

For investors in MGM Resorts International (NYSE: MGM), MGM China’s success is particularly pertinent, given that the Las Vegas-based parent company owns about 56% of the Macau-based operator, making its performance foundational to the parent company’s portfolio.

Prospects for Margin Growth

Looking ahead, analysts forecast moderate growth for MGM China with net revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) expected to rise by 3% and 2% respectively by 2029. Furthermore, analyses suggest that EBITDA margins could average around 28% during this period, a small increase from 27% in 2019. This growth will largely be driven by enhanced operational efficiency and an upward shift toward more profitable mass segment gaming.

Interestingly, while Macau’s gaming penetration rate stands at only 2%, significantly lower than Las Vegas’ rate of 12%, experts believe this gap suggests a promising avenue for long-term expansion and profitability in the Chinese territory.

In Summary

In summary, MGM China’s strategic expansions, robust financial footing, and proactive marketing strategies set it apart in the competitive landscape of Macau’s gaming market. As the company enhances its offerings with more gaming tables and seeks to appeal to a higher-quality customer base, it appears poised for an upward trajectory in both performance and profitability in the coming years.

iGaming Revenue Surge Driven by Pennsylvania Gaming Success

iGaming Revenue Trends: Pennsylvania’s Growth Signals a Massive Shift as Gamblers Lose $601 Million

  • Pennsylvania gaming revenue hit a record high in May 2025
  • Gamblers in the Keystone State lost $601.8 million last month
  • iGaming continues to experience growth

Pennsylvania’s gaming sector achieved remarkable success in May 2025, highlighted by a record-breaking loss for gamblers totaling over $601 million. This impressive figure serves as a powerful indicator of surging iGaming revenue, underscoring an accelerating trend where the escalating popularity and widespread adoption of digital platforms are driving unprecedented financial growth across the state.

Online gaming
Image by Mimzy from Pixabay

The Pennsylvania Gaming Control Board (PGCB) recently announced that May 2025 was the most successful month in the state’s gaming history.

Gross gaming revenue (GGR)—the amount retained by the 17 physical casinos, online gaming platforms, sportsbooks, video gaming terminals, and fantasy sports—totaled over $601.8 million. This represented a nearly 16% increase from the previous year, equating to an additional $80.8 million.

May marked a historic first, where GGR exceeded $600 million. This surge surpasses the previous high set in March 2025, when GGR was $574.5 million.

In terms of national rankings, Pennsylvania’s GGR of $601.8 million places it third in the country, trailing only New Jersey, which reported $614.6 million in GGR, while Nevada has yet to disclose its numbers but is expected to exceed $1.2 billion.

iGaming Powers Record

May proved to be beneficial for multiple gaming verticals in Pennsylvania, including retail slots, retail tables, iGaming slots, iGaming tables, iGaming poker, sports betting, video gaming terminals (VGTs), and fantasy sports. However, there were slight declines in some areas:

  • Fantasy sports contest fees dropped by 5%, resulting in $1.1 million.
  • Retail table revenue saw a decrease of 4.5% to $79.9 million.
  • VGT revenues dipped by 0.08%, totaling $3.7 million.

Conversely, retail slot revenue ascended by 5%, reaching $224.8 million. Notably, oddsmakers retained 34% more, accumulating $59.4 million.

Online gaming significantly contributed to the record month—online slots generated revenues of $177.2 million, marking a substantial 40% increase from May 2024. Online table gaming rose by 18% to $52.9 million, while poker rake increased by 21% to $2.7 million.

The combined iGaming revenue of $232.8 million represented an increase of nearly $58.8 million compared to May 2024.

Skill Game Insights

Despite the impressive performance of Pennsylvania’s gaming sector, it has sparked discussions around the regulation of skill games—operations that resemble slots but require player interaction to determine outcomes. Currently, these skill games are exempt from Pennsylvania’s gaming laws.

Legislation is under consideration to formally legalize skill games, which are commonly found in pubs, cafes, and convenience stores throughout the state. Governor Josh Shapiro has expressed support for the legalisation, as it could generate additional tax revenue.

While the regulated casino industry is thriving, ongoing discussions regarding skill games are vital, especially considering the estimated 67,000 unregulated skill games that operate in Pennsylvania.

With record revenues being reported by the regulated gaming industry, the casino lobby’s argument that skill games siphon customers from traditional casinos may lose credibility.

Summary

In summary, Pennsylvania’s gaming revenue in May 2025 showcased an exceptional milestone within the industry. While gamblers faced losses totaling over $601 million, the growth of online gaming (iGaming) and traditional gaming methods is promising for the state’s financial future. As discussions on regulating skill games continue, the landscape for Pennsylvania’s gaming industry remains dynamic and full of potential.

Top Casino Loyalty Programs: Lessons from The Strats New Local Rewards | 10BET

The Strat Casino Debuts New Casino Loyalty Programs for Las Vegas Locals

  • Golden Entertainment-owned casino hotel launches loyalty plan targeting Las Vegas locals segment
  • Program includes free parking

The Strat Hotel, Casino & Tower is elevating the guest experience with its new “Strat True Locals” initiative, a specialized branch of their broader suite of casino loyalty programs. This unique program is specifically designed to recognize and reward Las Vegas residents, ensuring that locals receive premium benefits and exclusive perks for their continued patronage of the hotel and gaming floor.

Las Vegas
Image by Signboy58 from Pixabay

This new program stems from Golden Entertainment’s True Rewards player loyalty scheme, designed to enhance the dining and entertainment experiences for members. Participants will need to present a valid Nevada identification along with their True Rewards card at The Strat to avail themselves of the various benefits. Here’s a quick rundown of what members can expect:

20% off food and drinks at The STRAT’s renowned restaurants and bars, including the popular Top of the World Steakhouse, known for its stunning 360-degree views, as well as PT’s Wings & Sports and CHĪ Asian Kitchen.

Additional perks include:

  • 25% off bookings at Atomic Golf
  • 50% off hotel stays when booked directly through The Strat
  • Free admission to The Strat’s observation deck
  • 50% off tickets for shows and thrill rides

Other Perks and Important Details

Joining both the True Rewards and the Strat True Locals programs is free of charge, which is beneficial as membership in True Rewards is a prerequisite for joining the locals’ program.

However, there are a few key requirements to keep in mind. Participants must be at least 21 years of age and live within 50 miles of The Strat to qualify. The benefits of the Strat True Locals program are available Sunday through Thursday, while True Rewards members who qualify as locals enjoy complimentary parking year-round.

While the emphasis of the Strat True Locals program is on dining and entertainment benefits, there are also potential gaming-related perks, including invitations to local-only events, point multipliers, tournaments, and more.

A Smart Move by Golden Entertainment

The Strat True Locals program represents a strategic effort by Golden Entertainment to attract more Southern Nevada residents to their casino hotel. While located just off the Strip, the venue is often perceived as a part of the Strip by tourists, creating a unique market opportunity.

Golden’s ongoing focus on local customers may yield significant returns, as their other Las Vegas properties are already targeting this demographic effectively.

Additionally, Golden’s PT’s Pubs account holds over 70 gaming bars across Nevada under various brands, including Lucky’s and PT’s Gold, further aiming their services towards Las Vegas locals.

In summary, the Strat True Locals rewards program is a commendable effort to deepen connections with local residents, offering them not just discounts but also unique experiences that elevate their time at The Strat. This loyalty initiative paves the way for stronger community engagement within the vibrant Sin City landscape.

Catawba Two Kings Casino Resort in NC: Opening Timeline and Details

Catawba Two Kings Casino Resort in NC: Opening Timeline and Details

The Catawba Nation continues construction of its casino resort in North Carolina

  • Two Kings Casino Resort is being built in Kings Mountain, NC
  • The permanent casino is slated to open in the spring of 2027

The permanent Two Kings Casino Resort continues construction roughly 35 miles west of Charlotte, NC. This week, officials revealed that this massive development is expected to cost between $700 million and $1 billion and detailed plans regarding its opening.

Casino Resort
Image by pamyjo from Pixabay

The Catawba Nation, alongside Delaware North, has announced that the Two Kings Casino Resort is on track to open in the spring of 2027. The initial phase, referred to as an “introductory casino,” is slated to commence operations next March.

The inaugural gaming space will feature approximately 1,350 slot machines, 22 live-dealer table games, and sports betting kiosks. Following the launch of this introductory space, the tribe will close its temporary casino. When the full-scale casino opens in the following year, it will expand to boast over 4,300 slots, 100 tables, and a dedicated sportsbook.

“Currently, we have about 490 employees. We plan to hire an additional 2,000 staff members between now and 2027,” said Trent Troxel, vice president of the Catawba Nation Gaming Authority, during a recent media tour of the construction site.

Alongside the gaming space, the resort’s first phase will also include a restaurant and bar, as well as a Lucky North Rewards desk.

Project Finally Coming to Light

The Catawba Nation has pursued economic independence for years by establishing a Class III gaming resort. After regaining federal recognition in 1993 and securing a $50 million Indian lands claim settlement from the United States and South Carolina governments, the Catawba Nation aimed to enter into a Class III gaming compact for many years without success.

The Catawba’s sovereign lands stretch across the Carolinas. Since South Carolina maintains a prohibition on casino gaming, including tribal gaming, the tribe petitioned the North Carolina government for privileges to operate slots and table games.

North Carolina has allowed the Eastern Band of Cherokee Indians to operate casinos on its sovereign lands for decades. The state hesitated to consider the Catawba’s gaming requests until 2021 when Governor Roy Cooper agreed to enter into a revenue-sharing arrangement, allowing the tribe to operate Vegas-style slots and tables.

The Catawba initially partnered with Carolina businessman Wallace Cheves for its Kings Mountain venture. However, after the National Indian Gaming Commission raised concerns regarding Cheves’ previous complications with operating illegal gaming, he exited the project.

The tribe subsequently secured a new financier and partner in Delaware North, a New York-based gaming and hospitality conglomerate. This corporation will manage the resort once it is completed.

Plans for what will be the third permanent tribal casino resort in North Carolina, following Harrah’s Cherokee and Harrah’s Cherokee Valley River, include a 24-story hotel with 385 rooms. The Two Kings Casino Resort will also feature 11 dining options, 2,700-space underground parking, and an additional 800 spaces at ground level.

Catawba Backstory

The Catawba Nation asserts its historical role alongside the colonists during the Revolutionary War. The tribe’s name, ‘Catawba’, means ‘people of the river,’ referring to the Catawba River.

Historically, the Catawba were one among several tribes on the East Coast who allied with colonists for protection against rival groups. They faced devastation during smallpox epidemics, which resulted in many tribal members merging with the Cherokee or Choctaw. In 1959, the US government terminated the tribe as a sovereign entity. The reestablishment took place in 1973, initiating a lengthy process to regain federal recognition.

Key Facts About the Two Kings Casino Resort

  • Location: Kings Mountain, North Carolina, approximately 35 miles from Charlotte.
  • Investment: Estimated between $700 million to $1 billion.
  • Opening Timeline: Introduction phase expected in March 2026; full-scale opening targeted for spring 2027.
  • Casino Features: 4,300+ slots, 100 live dealer tables, and dedicated sportsbook.
  • Employment Opportunities: Aiming to hire 2,000 additional employees by 2027.
  • Site Development: 24-story, 385-room hotel, 11 restaurants/bars, extensive parking facilities.

In summary, the Two Kings Casino Resort stands as a monumental project for the Catawba Nation, promising to revolutionise the gaming landscape in North Carolina by offering a vast range of gaming options and amenities. With its projected opening in 2027, this casino is expected to drive significant economic growth and job creation within the region.

Casino Operators: Stock Surges as CEO Lee Buys Shares

Casino Operators Stock Surges Following CEO Lees Share Purchase

  • Stock soars on news of CEO share purchase
  • Regional casino operator extends Lee’s contract through June 2030

The performance of shares in Full House (NASDAQ: FLL) jumped by 18.10% amidst strong trading volume following a regulatory document that revealed a significant transaction involving a casino operators leadership. This surge follows a Form 4 filing with the SEC, detailing the purchase of 276,300 shares in two separate transactions on June 13, totaling over $1.3 million. With the average buying price set at $4.75, this significant purchase is particularly noteworthy against the current share price of $3.85.

Las Vegas resorts
Image by MichelleMaria_Pitzel from Pixabay

Additionally, Lee, who is also known for his ties to Rep. Susie Lee (D-NV), had his contract with Full House extended through June 14, 2030. His annual base salary of $700,000 is competitive within the industry, positioning him in the 50th percentile among other CEOs in similar roles. His new contract includes performance-based bonuses tied to critical milestones, such as relocating an Indiana casino license.

If the company succeeds in obtaining all necessary governmental approvals to relocate the Rising Star Casino license, Lee will receive a bonus of $300,000 in line with developments associated with the relocation.

Earlier this year, Indiana lawmakers introduced a bill that permits Full House to relocate the Rising Star Casino to New Haven, which would place it closer to Fort Wayne, the state’s second-largest city. This strategic relocation could potentially enhance the casino’s performance.

Lee’s Buys Could Restore Confidence in Full House Stock

Insider buying often serves as an important indicator for investors, suggesting that those within the company believe the stock’s value will rise. Such transactions can help bolster investor confidence—a particularly needed sentiment when considering that Full House’s stock has decreased by 19.57% over the past year and 7.35% year-to-date. Full House is not isolated in facing challenges, as many small-cap regional casino operators have reported similar declines throughout 2025.

Despite these challenges, analysts maintain an optimistic outlook for Full House. Currently, three out of four analysts recommend the stock as a “strong buy” or “buy,” with an average price target of $4.75, suggesting a potential upside of approximately 22.74%. This bullish sentiment is backed by expectations of growth stemming from contributions from the company’s properties, including the American Place casino hotel in Waukegan, Illinois, and the Chamonix Casino Hotel in Cripple Creek, Colorado.

Lee’s Interests Aligned with Full House Investors

In light of recent stock performance, it’s understandable that investors might feel frustrated. However, there are signs indicating that Lee’s interests align with those of shareholders. His updated employment agreement features performance-related conditions tied to the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA), along with free cash flow growth.

Restricted stock grants are connected to anticipated growth metrics, establishing a concrete performance framework. For this financial year, a compound growth rate of 12% for Free Cash Flow Per Share is anticipated, with subsequent years expected to maintain reasonable growth projections.

In summary, Dan Lee’s recent stock purchases and renewed contract have infused confidence into Full House’s investors, who are eager to see improvements in stock performance and strategic maneuvers that may help the company rebound from its current issues. With an optimistic analyst outlook and robust strategic planning, the future remains hopeful for this regional casino operator.

iGaming Regulations: Gaming and Leisure Properties Joins Group Opposing New Laws

Gaming and Leisure Properties Joins Group Opposing Stricter iGaming Regulations

Gaming and Leisure Properties, Inc. (GLPI), a significant real estate investment trust with deep roots in Penn Entertainment, is strategically positioning itself within the evolving landscape of iGaming regulations. To influence the legal framework surrounding digital betting, the company has recently decided to align itself with the National Association Against iGaming (NAAiG). This advocacy group focuses on shaping stricter iGaming regulations by opposing the expansion of online gaming, with the sole exception of sports betting.

Background

  • Casino Landlord: GLPI is recognized as a leading landlord in the casino sector, owning 68 casinos across the United States.
  • Membership in NAAiG: The NAAiG was established by casino operators eager to keep gambling experiences anchored in physical locations.
  • Community Protection: The NAAiG’s mission focuses on shielding communities from the dangers associated with online gambling.

By joining this coalition, GLPI seeks to influence state lawmakers against the proliferation of iGaming, which they believe threatens in-person gaming experiences.

gaming properties
Image by dimitrisvetsikas1969 from Pixabay

Industry Insights

NAAiG spokesperson Mark Stewart expressed that GLPI’s participation reinforces a collective awareness about the tangible risks posed by iGaming:

“When the future of in-person gaming is threatened, we lose entertainment venues, jobs, tax revenue, local investment, and vital economic anchors.”

Furthermore, the NAAiG counts prominent casino companies among its members, including:

  • Churchill Downs
  • Jack Entertainment
  • Peppermill Resorts
  • Accel Entertainment
  • Monarch Casino Resort
  • Foundation Gaming & Entertainment
  • Del Lago Resort Casino
  • Harlow’s Casino Resort
  • Rivers Casino Des Plaines
  • Miami Valley Gaming

Among their claims, the NAAiG argues that iGaming exacerbates addiction issues, siphons tax revenue from local economies, and triggers job losses.

Market Position

GLPI stands as the second-largest casino-focused REIT, currently operating in:

While it doesn’t run casinos directly, GLPI’s financial performance is closely linked to the vitality of physical gaming establishments through property leases.

This strategic move to join the NAAiG contrasts sharply with its major shareholder, Penn Entertainment, which remains supportive of iGaming initiatives.

Current Legislative Climate

GLPI’s momentous decision coincides with legislative movements in various states:

  • Maine recently passed a bill permitting iGaming.
  • Massachusetts lawmakers are preparing to discuss iGaming bills.
  • Ohio, Maryland, Indiana, Illinois, and Louisiana are also revisiting iGaming opportunities.

This development reflects a complex landscape for casino investment and regulatory discussions in the US.

Conclusion

The active participation of GLPI within the NAAiG highlights the growing divide in the gaming industry between traditional operators and advocates for online gaming. It raises vital questions regarding the future of gaming in the US, as both sides present compelling arguments regarding community safety, economic impacts, and the preservation of local business interests.

As the debate continues, it’s crucial for members of the community and industry stakeholders to engage in discussions that will shape the future of gambling in the US.

Death of Mob Underboss Linked to Illegal Casino Operations at 79

The Dark Side of Casino Operations: Pete Simones Legacy and the Mob Underboss Behind Las Vegas Gambling

  • Kansas City Mob figure dies at home, age 79
  • Simone linked to Midwest gambling and Vegas junkets
  • Mob’s decline reportedly leaves fewer than 10 active “made” members

The passing of Peter “Las Vegas Pete” Simone at age 79 marks the end of an era for organized crime in the Midwest. As a reputed underboss of the Kansas City Mob for over three decades, Simone’s influence extended far beyond local territories, deeply impacting the landscape of large-scale casino operations. He was a central figure in the criminal underworld, specializing in orchestrating high-stakes junkets from various Midwestern cities to Las Vegas, effectively bridging the gap between regional syndicates and the gambling industry.

gambling operations
Image by RyanMcGuire from Pixabay
“Las Vegas” Pete Simone, a longtime number two in the Kansas City Mob, once ran gambling junkets to Las Vegas from the Midwest. (Image: Kansas City Star)

Simone’s life was marked with connections to the Civella crime family, which boasted significant casino interests in Nevada throughout the 1970s and 1980s. Key properties like the Tropicana, the Fremont, the Stardust, and the Hacienda were often thought to be influenced by him.

His rise to power coincided with the Kansas City Mob’s peak, during which time the organisation became a central player in a nationwide scheme exploiting untaxed profits from Las Vegas casinos.

While Simone’s name never appeared in pivotal court documents tied to the notorious casino skimming cases of the early 1980s, his associations with significant mob figures—namely the Civella brothers, Nicholas and Carl—were undeniable. The brothers faced allegations of fraud, tax evasion, and RICO charges, although Nicholas passed away before any convictions could take place.

Mafia Junkets

Affectionately dubbed “Las Vegas Pete,” Simone was notable for orchestrating high-stakes gambling junkets to Las Vegas from cities like Kansas City, Chicago, Milwaukee, and Cleveland. These ventures weren’t merely for entertainment; they served as a vital mechanism for shifting funds and influential individuals into and out of Mafia-affiliated casinos.

Court documents indicate his significant involvement in local gambling operations throughout the Heartland, where he helped maintain the mob’s influence.

His storied career took a hit when he was incarcerated in 1992 for four years due to illegal bookmaking, video poker operations, and money laundering.

Mob Hit

Upon his release in 1997, Simone found himself barred from entering any Missouri casinos, a decision stemming from his lengthy criminal history. Just two years later, he was sent back to prison after violating his parole when caught playing craps at Harrah’s casino in North Kansas City.

Simone was also cited as an unindicted conspirator in a mob hit targeting a bar owner who had cooperated with federal investigators looking into gambling operations. His choice to invoke the Fifth Amendment during the investigation allowed him to avoid self-incrimination.

The Kansas City mob has since diminished significantly, with estimates suggesting that fewer than ten active “made” members remain, following a spate of federal prosecutions that disrupted their operations in the 1980s.

Despite his nefarious reputation, Simone’s life serves as a stark reminder of the once-formidable presence of organized crime in America, particularly within the sphere of gambling. His legacy raises numerous questions about the future of such syndicates in a rapidly changing world.

To sum up, Peter “Las Vegas Pete” Simone’s passing marks the end of an era for the Kansas City Mob and highlights the long and complicated relationship between organized crime and the casino industry in the United States. His story embodies the highs and lows of a life steeped in controversy, crime, and the allure of the Las Vegas lifestyle.

Virginia Casino Revenue Reaches Record High in May

Virginia Casino Revenue Reaches Record High in May

Key Highlights reveal the dynamic landscape of the gaming sector, with a primary focus on the fluctuating nature of Casino revenue. Analyzing these metrics demonstrates the significant impact of operational efficiency, player engagement, and market expansion on overall profitability. Furthermore, the trends observed in Casino revenue provide crucial insights into the evolving consumer behavior and regulatory environment shaping the global gambling industry.

  • Virginia casino revenue hit a record high in May 2025
  • Rivers Portsmouth and Hard Rock Bristol reported record months
  • Caesars Virginia remained the top-grossing casino

Virginia’s casino revenue soared to an all-time high in May, with gamblers losing a staggering $85.4 million across the state’s three gaming resorts. This notable achievement reflects the growing acceptance and popularity of gambling in Virginia, signalling a promising future for the industry.

Virginia casinos
Image by Lorencosmic22 from Pixabay

The Virginia Lottery, responsible for regulatory oversight of the state’s expanding gambling landscape since 2020, reported exceptional gains from both the Hard Rock Hotel & Casino Bristol and Rivers Casino Portsmouth in May 2025.

Rivers Casino, which proudly opened its doors in January 2023 as the first permanent casino in Virginia, achieved a gross gaming revenue (GGR) of $28.3 million this May—surpassing its previous record of $27.8 million set in March. Meanwhile, Hard Rock Bristol recorded an impressive $23 million in player bets, beating its earlier best of $21.3 million.

Despite not breaking a monthly record, Caesars Virginia in Danville secured its position as the state’s top-performing casino with a revenue of $34 million. This performance continues to demonstrate the strong foothold the casino has maintained in the competitive market.

Tax Benefits are Growing

In terms of taxation, Virginia employs a graduated scale for gaming taxes. For the initial $200 million in GGR earned by a casino, the rate is set at 18%. This increases to 23% between $200 million and $400 million and rises further to 30% for any amount exceeding $400 million. In May alone, the state collected approximately $15.4 million in taxes, allocated to the Gaming Proceeds Fund.

Furthermore, 6% to 8% of this monthly tax amount returns to the casino’s host city, while an additional 1% is dedicated to the Problem Gambling Treatment and Support Fund and the Family and Children’s Trust Fund. The remainder goes into the state’s General Fund, primarily supporting budgetary needs as determined by lawmakers.

Virginia’s upfront performance in 2025 showcases the increasing viability of the state’s commercial casino industry. Hard Rock Bristol launched its permanent operations last November, followed by Caesars Virginia, a collaboration between Caesars Entertainment and the Eastern Band of Cherokee Indians, which commenced in December.

Meanwhile, plans are afoot for two additional casino resorts, with developments in Petersburg and Norfolk, supported by the Pamunkey Indian Tribe and Las Vegas-based Boyd Gaming.

Prospects for Further Expansion

The legislation that cleared the way for gambling in Virginia outlined the possibility of five casinos. These are strategically placed in Portsmouth, Bristol, Danville, Norfolk, and Richmond. However, Richmond has seen local voters reject casino proposals twice, prompting lawmakers to shift plans to Petersburg, which ardently supported the introduction of slot machines and table games.

Some legislators from Northern Virginia have suggested a casino in Fairfax County could yield substantial tax revenue and reduce the flow of funds to Maryland’s established gaming venues. However, as of now, enthusiasm among the General Assembly for a new casino near the nation’s capital remains low.

Summary: Virginia has made significant strides in the casino industry, achieving record revenues in May 2025. With established casinos like Caesars Virginia, Rivers Portsmouth, and Hard Rock Bristol, plus future developments underway, the state’s gambling landscape is evolving rapidly. Alongside the introduction of beneficial tax structures, Virginia is poised for extensive growth in the commercial gaming sector.

Bet365 Could Bid for Open New York Sports Betting License

Bet365 Could Bid for Open New York Sports Betting License

  • License opening due to Resorts World Bet’s exit at the end of June
  • New York represents one of the largest markets Bet365 has yet to tap into

Bet365 is considering a bid for an online sports betting permit that will soon become available in New York, a major market for sports betting where the British bookmaker currently does not operate.

sports betting
Image by eGamingImagery from Pixabay

This opportunity arises from the recent exit of Resorts World Bet, an online gaming application owned by Genting. The operator has advised customers to withdraw their funds by June 22, ahead of shutting down its New York operations on June 30. As of now, Resorts World Bet has ceased accepting bets.

A recent report from the Offshore Gaming Association (OSGA) suggests that Bet365 might pursue this vacated permit. It’s worth noting that similar internet sports betting permits have previously been transferred in New York—WynnBet did so earlier this year, which was part of its exit from online gaming, and its license was taken over by Penn Entertainment’s ESPN Bet.

OSGA has indicated that Bet365 could face competition for the license from other contenders such as Hard Rock Bet and Underdog Fantasy Sports. However, as of now, none of these companies have officially declared their interest in the Resorts World Bet license.

Why This Move Makes Sense for Bet365

Recently, Bet365 has initiated online sports betting operations in Illinois and Tennessee, with plans to enter the Missouri market later this year. In addition to those states, Bet365 is already operational in Arizona, Colorado, Indiana, Iowa, Louisiana, New Jersey, North Carolina, Ohio, and Virginia. New York is not on this list, but entering the market could be advantageous.

Speculations suggest that Bet365 might be preparing for a significant company sale or a US IPO (Initial Public Offering). Reports indicate that the company is looking for a valuation of between $10 billion and $12 billion, making access to the New York market potentially a significant asset.

While no sportsbook is currently profitable in New York, it’s seen as vital for any major operator to have a legal presence there, reflecting on the $22.7 billion sports betting handle in 2024, which continues to grow.

The OSGA report also mentioned that Bet365 has indicated willingness to match the $25 million that Penn Entertainment paid for its New York license, indicating strong intentions to enter the market.

Competition in the New York Market

Despite being the dominant players in the New York online sports betting market, DraftKings and FanDuel have established significant barriers to profitability given the state’s 51% tax rate. This makes New York a market that is essential for sportsbooks, implying that if Bet365 pursues the Resorts World Bet permit, it may not be alone in the quest.

Moreover, as stated by the OSGA, Hard Rock Bet and Underdog Fantasy Sports could also submit bids. Historically, regulators in New York have been straightforward regarding the evaluation process, focusing on applicants’ experience and financial viability rather than giving preferential treatment.

In summary, the potential bid from Bet365 for the New York sports betting license represents a strategic move into one of the largest and most lucrative markets in the country, which could significantly enhance its market position as the gaming landscape evolves. With some competition looming, it will be interesting to see how this unfolds.