Gambling in the USA
THE CORDISH COMPANIES CELEBRATES FIRST ANNIVERSARY OF LIVE! CASINO & HOTEL PHILADELPHIA; CONTRIBUTES MORE THAN $325 MILLION TO LOCAL AND STATE ECONOMY
The Cordish Companies celebrated the first anniversary of Live! Casino & Hotel Philadelphia, the world-class gaming, hotel, dining and entertainment destination located in the heart of the Philadelphia Stadium District, announcing contributions of more than $325 million to the local and state economies. The festivities included an official proclamation from the City of Philadelphia declaring the anniversary date of February 11 as Live! Day.
The Cordish Companies’ Chairman David Cordish, Principals Jon and Reed Cordish, and COO Zed Smith, along with Cordish Gaming Group President Rob Norton, and Executive Vice President Joe Billhimer were joined at a special media and community celebration by Philadelphia City Representative Sheila Hess and Philadelphia City Councilmember Mark Squilla (First District), and numerous business, tourism and community leaders from the region.
The celebration also featured special appearances by former Philadelphia Eagles long snapper and magician Jon Dorenbos, and Mummers champions, the South Philadelphia String Band. A highlight of the event included a giant four-tier anniversary cake created by Philly favorite Termini Brothers Bakery.
ECONOMIC IMPACT
Live! Casino & Hotel Philadelphia, which represents an investment of more than $700 million, was pleased to announce contributions of more than $325 million to the local and state economies during its first year of operation, including:
- More than $91 million in taxes to the Commonwealth of Pennsylvania
- Team Members were compensated with $51.9 million in wages
- The opening of the facility created over 1,300 new, permanent jobs, with over 54% of Team Members residing in the City of Philadelphia.
- Local businesses have also benefited, with Live! spending over $100 million with local, minority- and women-owned businesses.
- Guests were also on the winning side with more than $81.7 million in total jackpot payouts. Live! continues to invest in facility upgrades and is constantly incorporating customer feedback to ensure the casino has the newest, most exciting games.
In recognition of the significant impact Live! has had on the City of Philadelphia and its residents, City Representative Sheila Hess presented the company with a proclamation declaring the official anniversary date of February 11 to be known as LIVE! DAY.
“We’re so proud of the positive impact that we’ve made on our local communities during our first year in business and thank the City of Philadelphia for their kind recognition,” said David Cordish, Chairman, The Cordish Companies. “We kept our promise to create a world-class destination, which has also proven to be an economic driver for the Greater Philadelphia region.”
COMMITMENT TO THE COMMUNITY
The Cordish Companies has long embraced a culture of giving and community service and their entry into the Philadelphia market was no exception. Charitable organizations across the Greater Philadelphia region received more than $454,000 in contributions through cash donations and in-kind support, with Team Members volunteering over 500 hours of community service.
Among the many beneficiaries were Philabundance, American Red Cross, American Cancer Society, Alzheimer’s Association, USO of Pennsylvania and Southern New Jersey, Boys & Girls Clubs of Philadelphia, Jaws Youth Playbook, Darren Daulton Foundation, the Delaware Valley and Southeast Youth Athletic Leagues, and more.
“As a family-owned company, we consider the community to be extended members of the Live! family. We’re proud to be able to provide jobs and support local businesses, in addition to contribute directly to the organizations helping to better the lives of those around us,” said Joe Billhimer, Executive Vice President, Cordish Gaming Group. “We look forward to continuing this support during year two, and beyond.”
During its inaugural year, the property was awarded the prestigious ‘Best Overall Gaming Resort in Pennsylvania‘ by Casino Player Magazine readers, and received top accolades by USA Today readers, naming the Live! Rewards customer loyalty program and the award-winning steakhouse The Prime Rib as one of the Top 5 in the country for Best Players Club and Best Casino Restaurant in the 10Best Readers’ Choice Awards.
Fanatics Sportsbook Plans To Launch Online Statewide, Open Retail Sportsbooks Serving Kansas City and St. Louis Markets –
Today, Fanatics Betting and Gaming announced that it is partnering with Boyd Gaming Corporation in the state of Missouri.
Under the terms of their multi-year agreement, Fanatics Sportsbook will operate mobile sports betting under Boyd’s sports betting license in Missouri. The companies will open Fanatics-branded retail sportsbooks at Boyd’s Ameristar Casino Hotel Kansas City and Ameristar Casino Resort and Spa St. Charles, located near St. Louis. Fanatics plans to launch its online and retail betting products with the debut of regulated sports wagering in Missouri this December, contingent upon receipt of all required regulatory approvals.
Upon launching this December, sports fans across Missouri will be able to download the Fanatics Sportsbook on iOS and Android and begin their Fanatics experience. Winning Hits Different in Missouri on Fanatics Sportsbook with up to 10% FanCash back on every bet, win or lose; Fair Play™ injury protection; and events and experiences that only Fanatics can pull off.
The Fanatics Sportsbook retail locations at the two Ameristar casinos in Missouri will cater to guests looking to enjoy the ultimate sportsbook experience, offering legal betting markets for all major sports including professional and college football, basketball, hockey, baseball, tennis, soccer, golf, MMA, boxing and more. All development and trading of sports betting markets will be done in-house by Fanatics.
For more news and information on the pending launch of legal sports betting in the state of Missouri, follow the Fanatics Sportsbook social channels on X @FanaticsBook and on Instagram @FanaticsSportsbook.
Must be 21+. GAMBLING PROBLEM? CALL 1-800-GAMBLER
As a state lawmaker, Zohran Mamdani generally opposed plans to open full-scale casinos in New York City. In June, when he walked past a billboard showing betting markets for the city mayor’s race, he even quipped that “gambling is haram,” an Arabic word meaning forbidden.
But on Wednesday, Mr. Mamdani said that he did not intend to use his newfound political clout as the Democratic mayoral nominee and the race’s front-runner to try to stop the arrival of casinos that are widely considered a fait accompli.
Speaking alongside the leader of a union pushing the gambling expansion, Mr. Mamdani told reporters that while he still had doubts about the casinos backed by corporate giants, he respected the views of state voters who had approved the downstate gambling expansion more than a decade ago.
According to research from Better Business Bureau (BBB), the illegal online gambling market is nearly four times bigger than the legal online gambling industry; $402 billion to $103 billion (estimates from Researchandmarkets.com and the American Gaming Association, respectively).
The BBB says it has received almost 200 scam reports and more than 10,000 business complaints related to online gambling and gaming since 2022. Some scam reports involved theft, while complaints showed a pattern of unclear terms and consumer misunderstandings. In some cases, consumers lost tens of thousands of dollars.
Here are some common questions with answers from the BBB regarding online gambling:
What red flags should I look out for if using gambling or gaming services?
Big promises around payouts and tempting ads without details are common. Many people aren’t aware the people they are dealing with are in countries overseas. People should also be leery of sweepstakes-style games, payment through cryptocurrency and typos in names.
How can I avoid issues with gambling or gaming companies?
Read your state and provincial laws. There are many different laws for online gambling, depending on where you live.
Check for proper licensure. Even if your state allows gambling, it may have a limited list of allowed websites. Check with your state’s gaming agency to see who is licensed.
Read the fine print. The reality of how winning and withdrawal works may be different than your first impression on a website. Check out the details of a specific service and fully understand how they work before sending them any money.
Even legitimate websites may freeze winnings. There are many reasons why a casino or sportsbook might freeze winnings, even if the money is rightfully yours. Know what actions to take if your account is frozen.
Visit BBB.org to check out a business or register a complaint and BBB.org/ScamTracker to report a scam.
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