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Posts Tagged ‘Delaware’

Gaming Operators Look to Improve Dining

Saturday, September 18th, 2010

Gambling operators are working hard to come up with new ways of bringing gamers into their casino doors. The world of gambling is difficult to break into—there are so many companies out there that each one has to fight hard to maintain their current customers and bring in new ones. With the amount of specials out there, it is hard to sort through all of the possibilities. For online gaming companies it is equally as hard to get noticed. That is why operators are putting hours of focus on building new advantages for gamers. Casinos in West Virginia, Pennsylvania and Delaware are putting together a totally new goal—they want to bring premiere dining as a draw for the gamers who visit gambling casinos.

The casino operators in the three states recently announced that they are going to offer huge buffet tables for gamers. These aren’t the normal flat-fee buffets either! These are set to rival the biggest holiday spread in variety and cost. Gaming companies are hoping that this will provide an additional draw for gamers who come in to their facilities to play the game tables, blackjack, craps and roulette. The true focus of the changes is to draw in Asian Americans to the casino floors. Namely it is the visitors in Atlantic City that operators have their sights on. They are hoping they can attract them to the New Jersey area. There are still a good number of travelers who set their focus on the Atlantic City area and New Jersey is hoping to sway them just a few hours away. This could prove to be a great way to bring them in if gamers see the dining experience as an important part of their overall gaming experiences—and history has proven that they do. The Asian-American market is growing and tourists are visiting the US and its gaming locales in record numbers. This is why operators are focusing on the group and trying to woo them into their doors. Overall offering a great dinner benefits all parties so it should have a positive influence on everyone who visits.

Delaware Sees First Illegal Gaming Activity

Tuesday, June 29th, 2010

Delaware has long been in a debate over legalizing land-based and online gambling sites and just like other states it has had its opponents to the move. They cite an increase in illegal activities and a growth in addiction as the main potential problems with the move. Though there is no prior research to substantiate that claim, it seems like things are already pointing to the validity of the statement. Delaware just opened its own table game initiative and already there has been illegal activity. Recently one player was arrested at Delaware Park for illegal betting at the new tables installed in the casino there. It was Maurice Thomas, 25-years old, who was taken into custody. His infraction was “capping”. This is a practice where the betting party places his or her bet late and on top of his original bet. He did this on four separate occasions at the tables in the state and was arrested. Part of the goal of the arrest was to prove to other visitors that illegal activities regarding gambling would not be tolerated and the park would be persecuting to the fullest extent of the law. This increase in illegal activity is going to be met with a lot of resistance and consequence according to officials of the state and the casino. They believe that as the state continues to move into more and more gambling they have to send a clear message to all gamers in the market.  Illegal activities will not be tolerated.

Though Delaware is moving into the world of gambling they also have a lot of neighboring competition. Pennsylvania for example is scheduled to open nine different casinos that have various table games in the next few weeks. That means that Delaware is by no means going to have an exclusive corner on the market of gambling or table gaming for that matter. The state is going to have to be ready for a considerable amount of change and illegal activity. With the proper safeguards in place they hopefully will fare well and rely on gaming as a means of revenue generation within the state.

Iowa to Bring Legalized Sports Gambling to State

Friday, February 5th, 2010

A Senate subcommittee in Iowa has now passed a bill that would bring legalized sports gambling in the state. While it may be a long shot for the Bill to get all the way through the legislature, it paves the way for further discussion on the issue. Lawmakers around the country are looking for ways to stave off their major budget deficits. The recession left the state’s budget in a horrible condition and now, it needs to find a way to recoup. Press surrounding states like Delaware, which approved legislation last year to allow sports betting in their state is just the type of news sure to grab the attention of legislators in cash strapped states. Enter Iowa.  The State Senate gets the next pass at the bill to legalize sports gambling, and will begin to debate the issue.  Legalized sports gambling is one of several different gambling options that have been proposed by lawmakers recently in hopes of cutting their budget deficit.

However, should the law pass in the Iowa state legislature, the federal government might step in to intervene.  In 1992, Congress banned sports betting across the US.  Four states that previously had laws at the time allowing sports betting were excluded from the federal law.  These states were Delaware, Oregon, Montana, and Nevada. Now things are different though. Now legislators are looking to bring in as much revenue as they can to overcome the huge deficits they are under. Gambling is lucrative and has proven to have the power to bring in millions of dollars worldwide. The state of Delaware, however, has experiences some resistance from the NFL and other sports leagues and franchises when they enacted their sports betting laws.  The NFL entered a legal battle that the sports leagues won, leaving Delaware to only be allowed to parlay bets, not single game wagers. Some lawmakers in Iowa believe that the state already has enough gambling options, citing the seventeen casinos that currently operate in the state. Like other states, legislators are torn on the issue and have yet to make a formal decision as to what will happen. Only time will tell how far the issues goes and if it will be allowed to bring in tax-revenue dollars.

 

Delaware Uses Sports’ Betting for Funding

Thursday, December 10th, 2009

 Sports’ betting is in the midst of debates throughout the country. With the recession hard on the heels of Americans everywhere, people and businesses are looking for additional revenue-generating tools to create. The biggest issue is that the recent 2008-2009 recession created an economy that is still suffering. Many businesses closed and others filed bankruptcy protection in an effort to stay afloat. Lenders closed their doors and businesses had to lay off people in mass numbers to sustain themselves. With consumers experiencing unemployment, they weren’t able to spend. Their lack of spending caused more businesses to suffer. The cycle became chronic in the market and many industry experts projected huge losses. They were right.

Now that the recession is considered “over” by many, it’s time to regroup and find out what damage was done. The lending industry is proving to still be having difficult times. Though financial institutions are starting to lend again, this time they are doing it will stricter requirements. For example, Wells Fargo is beginning to advertise lending specials, but the promotion is only open to current customers who have 700+ credit scores.  That greatly narrows down the pool of customers who are eligible for the loans and makes it more difficult for anyone to get back into their normal way of life.  

The economy is still struggling and sports’ betting is coming back into the forefront for debate. Though president Obama said he is not in support of using gambling to fund state coffers, the state of Delaware has had some success with its test round of gaming. Betting on football games in Delaware is proving to be lucrative. The state just announced that it brought in $810,000 in revenue throughout their first three months of operations. Prior to the move, industry analysts were projecting the state would make $500,000. Everyone within the state is excited at the true number that was over $200,000 more than anticipated.  Other states are watching closely the successes in the gambling market and what it means to state budgets. Since Delaware has had success, expect to see more states looking into legalizing sports’ betting and gambling in general.