Call it a Comeback: Atlantic City Casino Revenue Jumps 11 Percent in May

Call it a Comeback: Atlantic City Casino Revenue Jumps 11 Percent in May

  • Atlantic City in-person casino revenue bounced back in May
  • May marked a positive trend in year-to-date retail gaming revenue
  • Atlantic City gears up for a bustling summer

April showers brought May flowers for the nine casinos in Atlantic City, with gaming revenue from in-person play soaring 10.9% year-on-year to reach $265.3 million.

casino revenue
Image by 4498894 from Pixabay

It has been reported by numerous insiders at Casinos.org that there’s been a growing sense of optimism about a comeback for Atlantic City, the only area in New Jersey permitted to host casinos. Mark Giannantonio, the president of Resorts and the Casino Association of New Jersey, has forecasted “a true renaissance” for America’s Playground.

After a sluggish start to 2025, with brick-and-mortar casino revenue down by 2% through April, the casinos have finally turned things around. The New Jersey Division of Gaming Enforcement (DGE) released figures highlighting that May’s gross gaming revenue (GGR) has significantly improved, showing a growth of 0.8% compared to the first five months of the year, translating to an increase of over $8.6 million.

In terms of revenue sources, table games notably contributed to the growth, with games generating $70.5 million in GGR, a 21.9% increase. Slot machines accounted for around $194.8 million, showing a 7.5% uptick.

It is also important to point out that May 2025 benefited from having an additional Saturday compared to the same month in the previous year. Nonetheless, this month marked a significant victory for the once-struggling casino town.

May Shines Bright

James Plousis, chair of the New Jersey Casino Control Commission (NJCCC), acknowledged that May brought the best results seen for the nine casinos since 2011. He stated, “May provided a strong foundation for an upbeat summer season. Atlantic City’s diverse gaming, leisure, and entertainment offerings have something for everyone, making it a fantastic place to visit and stay.”

iGaming has also seen significant progress, with online casino revenues reaching $246.8 million, which is an impressive 28.5% increase compared to May 2024. Indeed, May has proven to be a record-setting month for various online casino platforms operating within New Jersey.

Additionally, sportsbooks reported a GGR of $102.5 million over this period, which represents a hearty 30% growth year-over-year. However, despite these promising developments, year-to-date sports betting revenue is still about 10% lower than last year, largely due to bettors having staked 12.6% less overall. In total, over $6 billion was wagered across the Garden State’s retail and online sportsbooks during the early months of 2025—an amount that has now declined to approximately $5.25 billion.

The total gaming revenue for New Jersey in May reached $614.6 million, reflecting a substantial 20.5% increase from May 2024.

Optimism Returns

Not only are local authorities optimistic about the upcoming summer for Atlantic City, but significant investments have been made in the resorts themselves, and crime concerns have begun to ease, according to Dennis Levinson, the chief executive of Atlantic County. Jane Bokunewicz, director of Stockton University’s Lloyd D. Levenson Institute of Gaming, Hospitality, and Tourism, has expressed a hopeful outlook for the city’s future.

“Heading into the peak summer season, we can anticipate that the resort’s brick-and-mortar gaming operations will gain momentum while internet gaming revenues keep climbing,” Bokunewicz shared.

If you’re contemplating a late June visit to Atlantic City, you’re in for a treat! The Hard Rock will feature performances from Tom Segura on June 20-21, Incubus on June 27, and Jackson Browne on June 28. Meanwhile, the Ocean Casino Resort will host 311 on June 20, and Borgata will present The Allman Betts Band on June 21, alongside Def Leppard on June 28.

For more things to see and do in Atlantic City, visit Visit Atlantic City.

Sports Betting Odds: Predicting Mitch Marners NHL Free Agency Destination | 10BET

NHL Free Agency Sports Betting Odds: Where Will Mitch Marner End Up?

Key Highlights: While many players focus solely on the house edge, understanding the nuances of sports betting odds is the true foundation for any successful wagering strategy. These highlights detail the critical factors you need to consider when analyzing how shifting lines and fluctuating sports betting odds can define both your potential payouts and the overall thrill of the game.

  • Mitch Marner, a star right winger for the Toronto Maple Leafs, is set to become a free agent at the end of the season.
  • FanDuel has opened a market on Marner’s next team, with the Las Vegas Golden Knights as the current favourite.
  • Other teams vying for Marner include the Carolina Hurricanes, Anaheim Ducks, and Pittsburgh Penguins.

The Mitch Marner saga has taken an interesting turn. Elliotte Friedman, a respected NHL journalist, reported that Marner is “not engaged” in any contract discussions with the Toronto Maple Leafs, leading many to believe he could be leaving the team when free agency opens on July 1.

sports betting
Image by caltatum from Pixabay

With the Stanley Cup Finals nearing an end, the focus is now shifting toward free agency, with Marner leading the charge as a headline-maker. Many bettors took notice of Friedman’s report, which impacted the odds for Marner’s next team.

Currently, FanDuel offers a “Mitch Marner Next Team” betting market. Just last week, the Leafs were listed at +550, trailing behind the Golden Knights, who hold a +300 odds position. As of Monday, however, the Leafs are off the board, leaving the Golden Knights leading the charge at +230, followed by the Hurricanes at +470, the rebuilding Ducks and Penguins both at +650, the Blackhawks at +750, and the Kings at +1000.

Top Teams in the Betting Market

According to FanDuel traders, the top three teams for Marner are:

  • Las Vegas Golden Knights: +230
  • Carolina Hurricanes: +470
  • Los Angeles Kings: +1000

It seems that the Golden Knights are the hot pick amongst bettors, with 15% of all bets placed on the team. If Marner aims to win immediately, the Golden Knights might offer him the best chance, given their strong roster and recent championship win.

Potential Concerns About Marner

While Marner is undoubtedly a talented player, some concerns may surround him. Critics often point to his size, with some arguing that he struggles under the pressure of playoff hockey. Comparisons have arisen, particularly with Panthers forward Sam Bennett, who has excelled in the playoffs, with 15 goals this season compared to Marner’s total of just 13 goals throughout his entire playoff career.

Financially, the Golden Knights currently have approximately USD 9.6 million in salary cap space. There are whispers that defenseman Alex Pietrangelo may require a long-term injury reserve list spot, which would free up additional cap space for Marner, who is expected to demand more than USD 14 million in average annual value with his next contract.

Marner’s Future: A Move to the West Coast?

With nine years spent with the Maple Leafs since being drafted fourth overall in 2015, Marner’s next steps could point towards the West. Toronto’s hockey atmosphere can be intense, and given the public scrutiny he’s faced, he may prefer to distance himself from the pressure of the Canadian market.

There’s not only the transactional view but also the emotional aspect—Marner is now a father and may seek a fresh start far from criticisms about past postseason failures.

DraftKings Betting Odds

DraftKings has also opened a market for Marner’s next team, revealing the current odds:

  • Golden Knights: +350
  • Hurricanes: +400
  • Kings: +600
  • Ducks: +700
  • Mammoth: +1000
  • Panthers: +1000
  • Blackhawks: +1200
  • Leafs: +2000

Final Thoughts

The anticipation surrounding Mitch Marner’s next move is palpable. As teams prepare for free agency, there’s a likelihood of negotiations ramping up quickly. Will Marner stay with the Leafs or will he take his skills to a new team seeking to build its roster? Whatever the outcome, it promises to be an exciting chapter for hockey fans and bettors alike.

In conclusion, the bottom line is that Mitch Marner is a highly sought-after player this offseason, and with the implications of free agency, many are waiting to see where he will land. Whether it be the Golden Knights, Hurricanes, or another contender, his future will undoubtedly create significant buzz.

CGA/Ipsos Survey Reveals: Over 77% of Albertans Engage in Online Gambling on Unregulated Sites

online gambling
Image by Alexandra_Koch from Pixabay

Online Gambling in Alberta: The Surprising Reality of Playing Unregulated Sites

The Canadian Gaming Association (CGA), in collaboration with Ipsos, has shed light on a significant trend in online gambling within Alberta and British Columbia. This recent study highlights the concerning reality of online gambling habits, particularly with regards to unregulated sites. Here are some intriguing findings that can lead to further discussions about online gaming’s future in these provinces.

Key Findings from the Study

  • 77.3% of Albertan Gamblers Use Unregulated Sites: The survey shows that a whopping 77.3% of participants have only gambled on unregulated sites. In contrast, only 22.7% utilized the Alberta Gaming, Liquor & Cannabis’ PlayAlberta platform, which is the sole regulated online gambling provider in the province.
  • B.C. Statistics: Similar patterns were observed in British Columbia, where 60.4% gambled solely on unregulated websites, and 39.6% used the PlayNow platform.
  • Misconceptions About Legality: Many participants mistakenly believe that the unregulated sites they use are legitimate. In Alberta, 55% and in B.C., 51% thought these websites were regulated.
  • Fast Withdrawals Are Highly Valued: When choosing an online gambling platform, players in both provinces noted the importance of fast withdrawals. This feature was crucial for 42.5% of Albertan players and 41.0% of B.C. players.
  • Secure Payment Options Matter: Options for secure payments were considered by approximately 41.9% in Alberta and 40.6% in B.C.
  • Bonuses and Promotions: Close to 37% in both provinces prioritized attractive bonus offers and promotions when picking gambling platforms.

Market Channelization

The CGA indicated that the Alberta Gaming, Liquor & Cannabis (AGLC) has previously claimed to have acquired over 45% of the gaming market. However, this new survey offers a different perspective on player preferences.

Implications of the Findings

Given the significant proportion of players opting for unregulated platforms, there is an urgent need for regulatory bodies to address these concerns. With the Alberta government poised to launch an Ontario-style igaming market in 2026, the upcoming changes could reshape the gambling landscape dramatically.

The findings also suggest that many players are unaware of the risks associated with unregulated gambling. The lack of awareness can lead to issues such as fraud and lack of consumer protection. Therefore, educating players about safe gambling practices is essential.

Conclusions

As the gaming industry evolves, players’ preferences are not only shifting but also raising essential questions about regulatory frameworks. The CGA and Ipsos survey results spotlight the need to address consumer perceptions of unregulated platforms while promoting safer gambling environments. It’s a vital reminder for stakeholders to keep the conversation alive around responsible gambling.

In Summary: The CGA/Ipsos survey reveals alarming rates of unregulated gambling in Alberta and B.C., with over 77% of players preferring unregulated sites. This raises significant questions about regulation, player safety, and the future of online gambling in these provinces.

Wynn Resorts Acquisition Signals a Strategic Shift in the Luxury Casino Market

Wynns Acquisition Signals Major Shifts in the Luxury Casino Market

  • Wynn Mayfair bridges London and Gulf high-roller markets
  • Strategic move ahead of Wynn Al Marjan 2027 launch

By acquiring the opulent London venue Aspinall’s Casino and rebranding it as Wynn Mayfair, US giant Wynn Resorts has made a definitive power play within the luxury casino market. This strategic acquisition underscores the high-stakes dynamics of global gaming, positioning the brand in a premier location specifically designed to attract elite high-rollers. Through this move, Wynn aims to bridge the gap between London’s upper crust and their Gulf counterparts, a move that solidifies their dominance in the luxury casino market as they prepare for the monumental 2027 launch of Wynn Al Marjan Island in the UAE.

casino
Image by Annonceslegales from Pixabay

The luxurious, members-only casino has always been a hotspot for affluent visitors from the Gulf States. Wynn Resorts sees an opportunity in this acquisition to enhance their offerings not only in London but also at their upcoming Gulf resorts.

CEO Craig Billings remarked on the acquisition, saying, “Acquiring this iconic property gives us a foothold in a global gateway city and creates a pathway for Wynn guests to explore our resorts, particularly Wynn Al Marjan Island.”

Origins of the Mayfair Landmark

Aspinall’s Casino was founded in the 1960s by John Aspinall, a unique character who used his wealth from Europe’s elite to create a luxurious haven for gaming and entertainment, while also nurturing exotic animals.

On his death in 2000 at the age of 74, The New York Times stated Aspinall had contributed to the redistribution of wealth in Britain during the 1960s as effectively as the liberal social programs of that time.

In 2011, Aspinall’s was acquired by Australia’s Crown Resorts as part of its European expansion plans. However, following Crown’s acquisition by Blackstone in 2022, the property has since undergone significant transformations.

Current Challenges for High Rollers

Wynn Mayfair, now spanning across two historic Georgian townhouses, is one of London’s most prestigious private gaming establishments. However, acquiring such a property involves certain risks, particularly given the recent decline in high-roller patronage in London, especially among wealthy Arabs.

The changes instituted by the UK government, including the discontinuation of duty-free shopping for international tourists post-Brexit, have significantly affected casino tourism. Previously, visitors could reclaim the 20% value-added tax (VAT) on their purchases in the UK.

The UK Gambling Commission’s measures, such as banning credit card gambling, have further impacted the scene. Several upscale private casinos in London, including the Ritz Club, the Clermont, and Crockfords, have already closed their doors.

Additional Insights

  • Wynn Al Marjan Island: This ambitious $5.2 billion project is anticipated to significantly enhance the entertainment landscape in the UAE.
  • Custodians of Luxury: Aspinalls historically served high-net-worth individuals, facilitating lavish gaming experiences that were synonymous with exclusivity.
  • Distinguished Clientele: The acquisition allows Wynn to cultivate relationships with some of the wealthiest patrons accessible in both London and the Gulf.

In conclusion, Wynn Resorts’ acquisition of Aspinall’s Casino and its rebranding to Wynn Mayfair represents a significant step in their global strategy. It not only reinforces their position in the competitive luxury casino market but also serves as a bridge between the opulent lifestyles of London and the affluent Gulf clientele.

This move signifies an ever-evolving landscape in the casino industry, focusing on maintaining connections with high-rollers while acknowledging the regulatory and economic challenges that influence operations.

Las Vegas F1 Contract Extension and Casino Revenue Growth

Las Vegas F1 Contract Extension: Impact on Casino Revenue

The excitement of Formula 1 (F1) racing, which drives immense visitor traffic to the Las Vegas Strip, is poised to further boost gaming operations. The Las Vegas Convention and Visitors Authority (LVCVA) solidified this continuing partnership on Friday, announcing the extension will cover the 2026 and 2027 racing seasons, directly influencing potential casino revenue. This decision comes alongside the announcement of next year’s race dates, scheduled for November 19-21, 2026.

betting strategies
Image by eGamingImagery from Pixabay

Initially granted a ten-year agreement to convert significant portions of the Las Vegas Strip into its racetrack, the F1’s initial contract with LVCVA was originally set for three years, culminating this November 20-25.

During a press conference held in Montreal, Las Vegas Grand Prix president Emily Prazer shared insights on the contract’s future. “We’ve agreed collectively that we’re going to do a two-year extension for 2026 and ’27. We want to ensure that we’re evolving our approach, but we also intend to establish a longer-term vision for the event,” she stated.

“This race has faced challenges, but we’re coming out on the other side. The aspiration is to make it beneficial for all parties involved,”

The winners in this situation are predominantly Liberty Media, the Colorado-based owner of F1, alongside upscale casino resorts surrounding the racetrack, like the Wynn and Venetian. A reported $1.5 billion in revenue is generated primarily through these establishments, indicating a significant financial gain for a select group.

Conversely, many off-Strip and downtown casino owners and local businesses have faced adverse economic impacts, claiming losses into the millions due to diminished foot traffic. Residents and workers alike are often confronted with traffic delays and detours, stressing the local infrastructure. A staggering statistic reveals that casino employees have sometimes experienced doubled or tripled commuting times due to construction delays.

Furthermore, Clark County has incurred additional expenses, with commissioners noting that the inaugural race cost taxpayers nearly half a million dollars. Although the race brought in $3.8 million in tax revenue, race-related expenditures amounted to over $4.4 million, contributing to a significant budget deficit.

Impact on Local Businesses

The F1 Grand Prix has had a mixed impact on the Las Vegas economy:

  • Benefits: Increased revenue for high-end hotels and casinos aligned with the Grand Prix, generating significant traffic for these establishments.
  • Adverse Effects: Nearby small businesses report lost income and foot traffic disruption.
  • Commuter Delays: Increased commute times for local workers due to street closures for the races.
  • Public Funding Concerns: Ongoing expenses related to security and infrastructure upkeep incurred by the county.

F1’s Position in the Future

This extension secures a place for Formula 1 racing in Las Vegas through November 2027, continuing to draw interest from international fans and spectators. Additionally, discussions about further contractual arrangements hint at a potentially long-lasting legacy for the Grand Prix in the region.

In conclusion, while excitement surrounds the F1 races, it’s critical for stakeholders to balance the benefits against the challenges faced by local businesses and residents to ensure that the event remains a source of pride and profit for all involved.

Thailand Casino Legalization: Opposition Claims Referendum Threshold Met

Thailand Casino Legalization: Opposition Claims Referendum Threshold Met

  • Thailand’s government is considering legalising casinos
  • There is strong opposition to the gaming push
  • PM Shinawatra believes casinos will diversify Thailand’s economy

Opposition to allowing Las Vegas-style resorts in Thailand claims to have collected sufficient signatures to initiate a nationwide referendum.

casino resorts
Image by jaygeorge from Pixabay

The Stop Gambling Foundation of Thailand, supported by over 200 civil organisations, asserts it has gathered more than 53,900 signatures opposing the Pheu Thai Party’s pursuit of legalising casino games in the Southeast Asian nation. This is significant as Thailand’s National Referendum Act mandates that at least 50,000 signatures are required for a referendum campaign.

The Electoral Commission of Thailand will now verify these signatures. If the requisite threshold is achieve, the referendum will be forwarded to Prime Minister Paetongtarn Shinawatra’s Cabinet for consideration.

A referendum would provide the government with a clear mandate from the people, reducing public resistance, and instilling confidence in the investment climate for casino development,” said Thanakorn Khomkrit of the Stop Gambling Foundation.

Shinawatra, a member of the Pheu Thai party founded by her father, former Prime Minister Thaksin Shinawatra, advocates that legal casinos could diversify Thailand’s tourism economy, enabling it to better compete with the Philippines and Singapore, both of which boast integrated resort casinos.

Opposition Says Casino Bill is Rushed

Currently, the only legal forms of gambling in Thailand include the state-run lottery and parimutuel betting on horse races, established by the Gambling Act of 1935.

Although conversations to authorise new gambling forms have surfaced in recent years, the influential Shinawatra has accelerated efforts to pass a casino bill since taking office last August.

At 38, Shinawatra is Thailand’s youngest Prime Minister and the second woman to lead the country after her aunt, Yingluck Shinawatra.

Opponents argue that the legislative process has been excessively rapid. They challenge Shinawatra’s claims that Singapore leveraged its casino duopoly effectively to draw high spenders from across Asia, including China.

Singapore dedicated years to thorough research and public consultation before making its decision,” stated Wasinee Sonsaeb of the Youth Network Against Gambling. “It is irresponsible to selectively adopt favorable features from foreign models while disregarding others.

Although traditional gambling remains prohibited in Thailand, numerous illicit gambling venues operate clandestinely, often linked with other criminal activities.

Referendum Can’t Block Lawmakers

In Thailand, referendums primarily allow citizens to voice opposition to legislative proposals. Public sentiment largely opposes casino establishments, with the Pheu Thai bill proposing resorts in prominent locations such as Bangkok, Chon Buri, Chiang Mai, and Phuket.

Shinawatra’s administration supports the construction of two casinos in the capital and one in each of the other targeted regions.

Sports Betting Secrets from Joey Chestnuts Hot Dog Challenge

Joey Chestnuts Return: Sports Betting on the High Stakes of the July 4 Chow Down

These key highlights provide an essential overview of the most important strategies and current trends in the world of sports betting.

  • Joey Chestnut is returning for the Nathan’s July 4 hot dog eating contest
  • Chestnut is considered the greatest competitive eater of all time
  • Chestnut skipped the 2024 event due to a conflict of interest

The champion is back! Joey Chestnut, renowned for his incredible record of 16 wins at the annual Nathan’s Hot Dog Eating Contest, has confirmed his participation in the upcoming event at Coney Island, with hopes high for a record-breaking 17th title.

betting strategies
Image by OleksandrPidvalnyi from Pixabay

Chestnut, who is now 41 years old, expressed his excitement about returning on X, stating, “I’m thrilled to be returning to the Nathan’s Famous Fourth of July Hot Dog Eating Contest. This event means the world to me. It’s a cherished tradition, a celebration of American culture, and a huge part of my life.”

After missing the 2024 contest due to a sponsorship issue with Impossible Foods—a company producing plant-based meat products—Chestnut is grateful for the opportunity to rejoin the competition.

“I’m excited to be back … doing what I love and celebrating the Fourth of July with hot dogs in hand. Stay hungry!”

Nathan’s Favorite

Legal wagering on the outcome of the Nathan’s hot dog showdown has been approved in New Jersey and other gaming states. This year, the betting odds for Chestnut are set at a staggering -5000, indicating a 98% likelihood of his victory. Thus, a punter would need to wager $5,000 just to win a measly $100.

In 2023, Chestnut consumed 62 hot dogs and buns, eclipsing the output from last year’s winner, Patrick Bertoletti, who managed only 58. Notably, Chestnut was a powerhouse in the contest, having eaten at least 70 hot dogs on six occasions from 2016 to 2021, setting a landmark record of 76 dogs in 2021.

Sudo Sure Thing?

The women’s competition, too, has a standout participant, Miki Sudo, who has clinched 10 out of the last 11 titles, missing only due to her pregnancy. Sudo currently holds the women’s record at 51 hot dogs and is the favourite to secure her fourth consecutive title, with odds around -1000.

For the health-conscious, a Nathan’s hot dog packs 160 calories, with 15 grams of fat (6g saturated), and 550mg of sodium. Notably, a bun adds 130 calories, offering 25g of carbohydrates, along with other nutritional values.

Conclusion

Joey Chestnut’s return to the Nathan’s July 4 Hot Dog Eating Contest fuels excitement for fans and bettors alike. Not only does he aim for his 17th title, but the entire event also showcases the growing intersection of competitive eating and legal sports betting. Whether you’re an avid follower of competitive eating, a bettor, or just in it for the entertainment, this Independence Day event is set to be memorable!

How the New Atlantic City Casino Union Boss Will Impact Casino Smoking Policies | 10BET

Donna DeCaprio Elected to Address Casino Smoking Policies in Atlantic City

Navigating the complexities of modern gaming environments requires a clear understanding of how indoor air quality affects the player experience. Specifically, staying informed about various casino smoking policies is essential for both venue management and guests alike. These regulations are designed to balance legal compliance and patron health risks with the effective management of designated smoke-free zones.

  • Donna DeCaprio will continue leading Unite Here Local 54.
  • The union represents thousands of casino resort employees in Atlantic City.
  • DeCaprio does not support enforcing a smoke-free policy in casinos.

In a significant and historic moment for Unite Here Local 54, Donna DeCaprio emerged victorious in the union’s first uncontested election in nearly 40 years. DeCaprio has taken over as president after Bob McDevitt, who held the position for over 25 years, stepped down due to health issues.

Casino smoking
Image by tourque from Pixabay

Unite Here Local 54 represents over 12,000 hospitality workers across South New Jersey, Eastern Pennsylvania, and Delaware. This includes many individuals working at the nine casinos located in Atlantic City in various roles such as housekeepers, bartenders, waitstaff, cooks, bellmen, and doormen. However, the union does not extend its coverage to gaming workers like table game dealers or slot attendants.

DeCaprio’s leadership arrives at a crucial time. While many in the industry suggest that now is not the moment to shutter smoking within casinos, given the upcoming competition from downstate New York casinos, a range of casino workers are advocating for a health-conscious environment devoid of secondhand smoke.

Casino employees have formed a group known as CEASE (Casino Employees Against Smoking Effects), which continues to lobby state lawmakers for legislation to eliminate smoking loopholes in casinos. Despite this advocacy, DeCaprio stated that she will not support the movement for a total ban on smoking within casino premises. Just weeks after taking office, she articulated that enforcing such a ban would equate to economic “suicide,” emphasizing the need for maintaining the status quo.

Pro-Casino Smoking Debate

The ongoing debate around smoking in casinos remains contentious. Many opponents of casino smoking highlight the adverse health risks associated with secondhand smoke. The continued prevalence of casino smoking in establishments nearby, like in Philadelphia, contrasts with smoke-free environments becoming more commonplace throughout the rest of the gaming industry in Delaware and Maryland.

As statistics suggest a troubling trend, cigarette consumption has continued to decline in the nation, making some analysts speculate that smoke-free establishments could be just as, if not more, competitive than those permitting smoking.

Supporting this perspective, Parx Casino, which operates without smoking, has consistently ranked as Pennsylvania’s top-grossing casino among the state’s 17 brick-and-mortar casinos.

According to the New Jersey Department of Health, about 11% of adults in the state are smokers, while in Atlantic County, this figure rises to approximately 17%. Comparatively, the national smoking rate for adults stands at 11.6%, marking a nearly 50% decrease since 2001.

Summary

Donna DeCaprio’s election as president of Unite Here Local 54 brings a new chapter for casino workers in Atlantic City as she leads the push for better working conditions without imposing restrictions that could potentially hurt business. As the industry grapples with the implications of smoking policies, the voices of workers demanding change highlight a significant intersection between health and employment in the casino landscape.

iGaming Industry Insights: Previewing the Canadian Gaming Summit in Toronto

Navigating the Future of the iGaming Industry: A Preview of the Canadian Summit in Toronto

Prepare to dive into the heart of digital innovation at this year’s Canadian Gaming Summit, held from Tuesday to Thursday in Toronto. As a cornerstone event for professionals, it offers unparalleled insights into the rapid evolution and complex dynamics of the global iGaming industry.

  • Summit runs Tuesday through Thursday in Toronto
  • Third year that SBC is running Canadian industry event
  • Over 3,000 attendees expected, plus 75 exhibitors and 150 expert speakers

The summit is anticipated to draw over 3,000 industry professionals, with 75 exhibitors showcasing innovations, marking an increase from last year. The event will be hosted at the Metro Toronto Convention Centre, designed for discussions on regulatory shifts, market expansion, and technological advancements in gaming.

gaming summit
Image by balouriarajesh from Pixabay

With such a critical mass of participants, the summit will host an array of panel discussions featuring regulators, industry leaders, and innovators who will address the latest developments and challenges in gaming.

Canada: One of the World’s Largest Gaming Markets

This year, the program will feature additional sessions, including a cybersecurity symposium that aims to tackle pressing issues such as online security within the gaming ecosystem. Participants can expect discussions on the tactics employed by cybercriminals against casinos and betting networks.

“The Canadian Gaming Summit is evolving as the premier gathering for industry leaders across the nation,” remarked SBC founder Rasmus Sojmark. This summit is set to be a vital platform for shaping the future dynamics of gaming in Canada.

Show Highlights

Among the notable panels scheduled, attendees can look forward to:

  • “Building a Sustainable Gaming Model”, featuring Paul Burns (Canadian Gaming Association) and other prominent figures discussing how to maintain a sustainable gaming model in Canada.
  • “Alberta’s Strategy for a Regulated iGaming Framework”, presented by Dale Nally, Minister of Service and Red Tape Reduction in Alberta.
  • “Canada’s Future: Developing iGaming”, showcasing discussions on expanding iGaming beyond the current markets with industry experts.

Bricks-and-Mortar Challenges

As iGaming continues to expand across Canada, the challenges faced by brick-and-mortar establishments are pivotal. Discussions will be held on how they can compete. Notably:

  • The panel on self-exclusion tools will analyze the potential impacts of Ontario’s new strategies aimed at responsible gambling.
  • The ongoing expansion of iGaming will be discussed, including varying impacts on local markets and strategies for established casinos.

Sports Betting Chat

One of the hotly anticipated panels includes a discussion led by former NHL player Nick Kypreos, focusing on the impacts of sports betting on sports culture.

Along with these discussions, attendees can expect a ‘Fireside Chat’ between Ontario Attorney General Doug Downey and AGCO Board Chair Dave Forestell, diving into the current state of the industry.

As the summit unfolds, it promises not only to inform but also to inspire, as industry specialists come together to forge the future of gaming in Canada.

Summary:

The Canadian Gaming Summit represents a significant milestone in the gaming industry, highlighting the dynamic and exciting developments taking place across Canada. With a plethora of panels, discussions, and networking opportunities, the summit is indeed the place to be for industry professionals aiming to shape the gaming landscape.

Wyoming Latest State Mulling Online Sports Betting Tax Hike

Wyoming Latest State Mulling Online Sports Betting Tax Hike

Wyoming lawmakers are currently assessing the potential for an increase in the tax on online sportsbooks, a critical aspect of the growing online sports betting industry. Currently, these platforms contribute 10% of their revenue to state coffers, positioning Wyoming among the states with lower taxation rates within the broader online sports betting landscape.

  • Wyoming lawmakers are considering raising the tax on online sportsbooks.
  • Online sportsbooks currently direct 10% of their revenue to the state.
  • Wyoming is the latest state to review an online sports betting tax increase.

As the trend of increasing sports betting taxes sweeps across the country, Wyoming is now at the forefront of this movement. The tax structure currently instituted allows both commercial online sportsbooks and in-person betting at tribal casinos. Notably, Wyoming’s mobile sports betting platforms are currently subject to a 10% tax on their gross wins, meaning the earnings retained after payouts.

online sportsbooks
Image by 27707 from Pixabay

This current tax rate may soon change. The Legislature’s Select Committee on Capital Financing and Investments confirmed recent reports indicating that Wyoming’s tax rate is around half the national average. Karen Vaughn, a fiscal analyst from the Legislative Service Office, indicated that states with legal online sports betting have an average tax rate of approximately 19%.

Wyoming’s reduced tax burden has lured sportsbooks into the state, as evidenced by their willingness to pay a licensing fee of $100,000 for a five-year period (renewals cost $50,000 for each subsequent five-year term). With a population of less than 600,000—making it one of the smallest states in the U.S.—the need for a competitive tax structure was underscored by sportsbook operators to incentivise their participation.

State Tax Hike Considered

Despite Wyoming’s relatively small size and inconsistent mobile connectivity, the state boasts a competitive online sports betting market featuring five operators: FanDuel, DraftKings, BetMGM, Caesars Sportsbook, and Fanatics. The newly branded ESPN Bet has also received approval from the Wyoming Gaming Commission, although it has yet to launch services.

Given the possibility that Wyoming may need to reconsider its tax strategies, Rep. Liz Storer (D-Jackson) proposed drafting a bill to raise the online sportsbook tax, potentially targeting an increase to 20%. However, there is speculation that this figure is merely a starting point and further adjustments may be considered.

It is important to note that any changes to the online sportsbook tax would not affect the existing 10% tax on revenue from tribal casino sports betting, which operates under Class III gaming compacts between Native American communities and state governance.

Commercial sportsbooks within Wyoming are expected to resist any proposed tax hikes. Currently, Wyoming ranks among the smallest sports betting markets concerning revenue, with annual takings from oddsmakers below $20 million. In multi-billion-dollar markets such as New York, the situation starkly contrasts, with net winnings exceeding $2 billion last year.

State Tax Hikes Nationwide

The conversation around tax hikes in Wyoming emerges on the heels of two substantial tax increases implemented in Illinois over the previous two years. Responses from major sportsbooks like DraftKings and FanDuel included a range of surcharges for online bets. Meanwhile, New Jersey is deliberating an increase of their 13% state tax on online sportsbook winnings, despite neighboring New York thriving under a substantial 51% tax regime—one of the highest nationwide.

In a similar vein, the Louisiana state legislature has recommended a jurisdictional tax revision, proposing an increase of the online sports betting tax from 15% to 21.5%, with the expectation of the governor’s approval.

Sportsbooks across the board argue that these tax hikes create competitive disadvantages compared to offshore sportsbooks, which operate without any taxation and are hence able to offer better odds along with more lucrative promotions and bonuses.

In summary, Wyoming is poised to make crucial decisions about its online sports betting tax structure, joining a nationwide trend where states are weighing their tax policies against the overarching profitability of legal gambling. With more than a handful of states considering whether to amend their taxation strategies, the outcomes may redefine the gaming landscape significantly across the United States.