News

GMA quoted in the Las Vegas Review Journal

Some Nevada casinos still closed, some may never reopen

by Dylan Svoboda

Despite the state’s full reopening on June 1, several Nevada casinos remain closed.  Some won’t reopen for at least another year.  Others have closed their doors for good.

As of June 1, Gov. Steve Sisolak gave Nevada the green light to remove capacity limits and social distancing requirements.  Las Vegas casinos had been operating under capacity restrictions since reopening last summer.  But even as masks come off, doctors administer hundreds more vaccines a day and tourists come from across the world, some gaming houses are still getting their bearings.

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GMA quoted in the Omaha World-Herald

Group behind proposed casino at Omaha’s Horsemen’s Park seeks $17.5 million in TIF

by Reece Ristau

Developers behind a plan to transform Omaha’s Horsemen’s Park into one of Nebraska’s first casinos are counting on the city to pony up $17.5 million in tax incentives to bring the project over the finish line.

A $220 million plan by Warhorse Gaming Omaha – a subsidiary of Ho-Chunk Inc/. the economic development arm of the Winnebago Tribe of Nebraska – calls for a significant renovation and expansion of the current Horsemen’s campus near 60th and Q Streets.

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GMA quoted on PennBets.com

National report spells out the sharp disparity, higher return of PA’s approach to taxing gambling

by Gary Rotstein

Pennsylvania’s different approach to taxation of gambling – one that is onerous to some eyes, successful to others – is never starker than when the American Gaming Association releases its annual report on the industry’s performance.

The AGA’s State of the States 2021 report came out last week, and as always, it provided many tables and charts comparing breadth, revenue, taxation, and other aspects of each jurisdiction’s gaming industry.

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GMA quoted in the Nevada Independent

Will California sportsbooks lure away Nevada gamblers? Analysts say don’t bet on it

by Howard Stutz

California voters will wait 16 months before weighing in on a tribal-backed ballot referendum that asks them to legalize sports betting.

Whatever occurs, it won’t change the opinion of gaming observers.

Though there is apprehension from a few Nevada sportsbook operators about potential competition from the largest feeder market to casinos in Las Vegas and Reno, analysts and sports betting experts don’t believe sportsbooks in California – the nation’s leading Indian gaming state – will slice into Nevada’s multi-billion-dollar business.

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GMA quoted in the Las Vegas Review Journal

Leading off in Las Vegas: World of Concrete 1st major US trade show since pandemic

By Richard N. Velotta

A rapidly recovering Las Vegas will be the focus of the global tourism industry Monday, when World of Concrete stages the first major trade show in the United States since the COVID pandemic wiped out the lucrative convention and meeting business.

The spotlight is especially welcome in Southern Nevada because World of Concrete will be the first big show at the Las Vegas Convention Center’s new $1 billion West Hall, a project completed during the region’s visitation collapse to keep Las Vegas positioned as the country’s meetings leader.

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GMA quoted on USBets.com

Maryland Permitting Up To 60 Mobile Sportsbooks, But Reality Could Be Far Less

by Gary Rotstein

One gambling industry consultant calls Maryland’s wide-open new sports betting legislation the “Oprah bill.”

“YOU get a license, and YOU get a license, and YOU get a license,” is how Brendan Bussmann, director of government affairs for Global Market Advisors, jokingly refers to a law that, in theory, could give Maryland more than twice as many online sportsbook operators as any other state currently has.

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GMA quoted in the Las Vegas Review Journal

Las Vegas ‘buzzing,’ recovering faster than expected, experts say

by Mike Shoro and Bailey Schulz

People ready to declare Las Vegas is “back” are a bit premature, experts in and around Nevada’s gaming and tourism industries say.

Still, it’s returning faster than many thought it might.  And there still appears to be room to grow, which has hotel-casino executives and industry observers feeling good about Las Vegas’ future.

The valley’s economic drivers, hospitality and gaming, are on the upswing, and there’s a noticeably different vibe these days in its resort corridor.

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GMA quoted on PlayUSA.com

Why Arizona sports betting law could be a huge revenue boost for state pro teams

By Brant James

Multiple American jurisdictions have allowed professional sports teams to benefit financially form legal sports betting:

The Chicago Cubs have a plan for a DraftKings Sportsbook at Wrigley Field.

Capital One Arena in the District of Columbia has a William Hill sportsbook that operates even when the Washington Capitals, Wizards or Mystics aren’t playing inside.

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GMA quoted on SportsHandle.com

Florida Becomes Biggest State By Population To Legalize Digital Sports Betting

by Jill R. Dorson

In what seemed very much like a predetermined outcome, the Florida House of Representatives on Wednesday ratified the new gaming compact between the state and the Seminole Indian Tribe, 97-17.  The approval came after an hour of debate and attempts at multiple amendments, making Florida the biggest state by population to legalize sports wagering since the fall of the Professional and Amateur Sports Protection Act on May 14, 2018.

The compact all but creates a monopoly for the Seminole Indian Tribe, which is already the driver of gaming in Florida.  Any and all sports bets- even if made on mobile devices or via parimutuel partners – must “go through servers” placed on tribal lands, and the tribe gets a cut.

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GMA quoted in the Nevada Independent

Henderson and Reno rise as pandemic driven casino closures skew national gaming revenue ranks

by Howard Stutz

Casinos along the Boulder Highway and much of Henderson make up the ninth-largest gaming revenue market in the U.S., according to the American Gaming Association.

The Northern Nevada area that includes casinos in Reno and Sparks is now ranked No. 12 among the Top 20 U.S. gaming markets.

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