Gambling in the USA
Caesars Entertainment Delays Plans to Sell One of its Vegas Strip Casinos

Caesars Entertainment is postponing plans to sell one of its eight Las Vegas Strip resorts until the market further rebounds from the coronavirus pandemic, perhaps next year, according to reports.
Caesars officials have said since the company’s merger with Eldorado Resorts that they plan to sell a Strip asset.
“We remain convinced that it does not make sense for us to market an asset until we can market it off the cash flow that we’re doing with it, not off a bridge to what we think we can do with it,” Caesars CEO Tom Reeg said. He said it’s possible a sale could happen in 2022.
A potential buyer, the San Manuel Band of Mission Indians, looked at a Strip property before coming to terms on a $650 million deal to buy the Palms, according to its CEO, Laurens Vosloo. Vosloo declined to say which Strip property the band was considering.
Caesars posted a net loss of $423 million for the first quarter of the year after collecting $1.7 billion in net revenues for the three months that ended March 31. The company recorded a net loss of $173 million during the first quarter of 2020.
In the Las Vegas market, its revenues were down just over 39% year-over-year, from $822 million during the first quarter of 2020 to $497 million during the opening quarter of this year.
Caesars officials said they expect business in Las Vegas will continue to improve as the year goes on.
“The numbers don’t tell the story this quarter. We had Illinois and Pennsylvania still closed when we started the quarter. In Nevada, we didn’t have the state open to 50% until two weeks were left in the quarter, so we saw demand build through the quarter,” Reeg said.
Gambling in the USA
NYC Agency Aims to Streamline Casino Application Process, But Critics Warn of Potential Community Exclusion

On Monday, the Department of City Planning introduced a new measure aimed at simplifying the application process for casinos in New York City. However, this move has sparked criticism for potentially sidelining community boards.
This initiative, discreetly submitted last Friday, emerges amidst intense competition among prominent developers for one of the three sought-after casino licenses in the downstate area.
Dan Garodnick, the City Planning Commissioner, described the measure, formally known as a zoning text amendment, as an effort to streamline the alignment of city and state procedures during a meeting on Monday.
Garodnick explained, “Our proposal is designed to level the playing field for these entities as they strive to demonstrate the economic benefits they plan to bring to New York City. Our goal is to establish a process that facilitates an orderly dialogue.”
While the state is responsible for granting casino licenses, Garodnick and City Council Speaker Adrienne Adams expressed concerns in October about the city’s current land review processes. They argued that these processes are insufficient for new casinos, placing New York in a less competitive position.
The proposed amendment aims to simplify the review process, allowing state-sanctioned casinos to proceed without zoning conflicts or redundant steps in the state’s extensive licensing procedure, according to Garodnick.
With two of the downstate licenses likely going to existing racinos in Yonkers and South Ozone Park, Queens, the battle for the remaining license in New York City is intense. City Planning has confirmed eight potential locations, including five in Midtown Manhattan, one at Ferry Point in the Bronx, one in Queens proposed by Mets owner Steve Cohen, and another in Brooklyn near Coney Island, in addition to the Queens racino.
Source: NYDailynews.com
Gambling in the USA
Santa Came Early for NJ Woman Who Hit the IGT Megajackpot at Betrivers for Over $660,000 on $0.60 Cent Bet

Rush Street Interactive announced that a woman from Cumberland County, NJ hit the IGT MegaJackpot at BetRivers.com. The 33-year-old woman hit the jackpot with a $0.60 bet, winning $662,000 while playing at home on her mobile phone.
The winner, who asked to remain anonymous, was putting her daughter to bed when she hit the jackpot. She didn’t realize at first that she won, and contacted BetRivers support to confirm. She was shocked when she found out she really was the winner of the MegaJackpot. She told her fiancé who still did not believe it until he saw the money in her account.
“I didn’t think I would ever win so much, especially since it was only a $0.60 bet. I couldn’t believe it,” she said.
When asked what she planned to do with the winnings, the working mother who is a consultant in the real estate industry expressed that she was using the money to pay off debt, give her kids a good holiday season, and then invest the rest.
“This is the first year I don’t feel stressed about the holidays. And now I also feel like I’m secure in my future, so I don’t have to worry about that either,” she said.
She has been playing online casino games with BetRivers for just over six years, and always makes small bets. This jackpot win shows that a little amount of money can go a long way.
“We love when our players win life-changing jackpots. This is one of many jackpot wins we’ve had which proves our players can win big, even when placing small bets,” said Mattias Stetz, COO of RSI, which operates BetRivers.com.
Gambling in the USA
Voluntary Self-exclusion Process Improved to Quickly Connect Individuals with Help

New York State’s Responsible Play Partnership (RPP), consisting of the New York Council on Problem Gambling (NYCPG), the New York State Office of Addiction Services and Supports (OASAS), and the New York State Gaming Commission, continues to improve the voluntary self-exclusion (VSE) process at gaming facilities across the state.
The NYCPG has launched a new free VSE Support Program to help individuals who recognize they may have a gambling problem quickly find the resources they need to exclude themselves from gambling activities in New York State.
VSE, which allows individuals to ban themselves from gambling activities, can be an effective tool at reducing the harm caused by problem gambling. By voluntarily self-excluding oneself, they are barred from entering any gaming establishment or partaking in any gambling activity in New York State, including sports wagering.
According to OASAS’ 2020 Problem Gambling Prevalence Survey, 4.4% of adults in NY are at risk for developing a gambling problem and an additional 0.7% meet the criteria for problem gambling or a gambling disorder.
When an individual seeks to self-exclude at a licensed gaming facility in New York State, staff from the NYCPG are now available to:
- Explain the self-exclusion process in plain language
- Connect the individual to a problem gambling treatment provider, as well as information for counseling, peer support and recovery services
- Assist with completing the VSE necessary forms, including notarization.
NYCPG Executive Director James Maney said: “Assisting those in need of help through providing care and concern is at the core of what NYCPG does, and the launch of this new program exemplifies that care and concern by breaking down barriers. The new online notary services make it easier for individuals to complete remote VSE, while also connecting to one of our caring staff members who are knowledgeable about the process.”
OASAS Commissioner Dr. Chinazo Cunningham said: “OASAS oversees a robust system of prevention, treatment, harm reduction and recovery services for those affected by addiction across the state, including problem gambling. Voluntary self- exclusion can be an effective prevention strategy to reduce gambling harms, and this new support program not only provides a way for people to complete the self-exclusion process, but also offers an opportunity to connect to OASAS local problem gambling community support services to assist in mitigating further harm.”
New York State Gaming Commission Executive Director Robert Williams said: “The Gaming Commission is committed to ensuring that licensed facilities operate in responsible and sensitive matters for those who need help. The New York Council on Problem Gambling’s VSE Support Program provides those individuals with the knowledge and resources to make the best decisions for their welfare.”
-
Interviews6 days ago
How BETBY plans to make an impact in LatAm
-
Latest News6 days ago
Vanessa Hudgens and GRAMMY-Winning Director Calmatic Team Up for New BetMGM Casino Campaign Created By 72andSunny
-
Gambling in the USA5 days ago
Voluntary Self-exclusion Process Improved to Quickly Connect Individuals with Help
-
Latest News6 days ago
The Global Sports Betting Market is Anticipated to Expand Notably and Exceed US$ 245,792.4 million in 2033 – Future Market Insights, Inc. Projection
-
Compliance Updates6 days ago
Hacksaw Gaming Hits Second Target Market in USA with Provisional Licence in New Jersey
-
Latest News5 days ago
Michigan iGaming, Sports Betting Operators Report $205.3M in October Revenue, Bettors Wagered Record $533M
-
Latest News7 days ago
MGM Resorts International Recognized for Superior Achievement in Creating an Inclusive Workplace
-
Latest News6 days ago
Pragmatic Play Grows in Paraguay and Brazil with Giro Win