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Atlanta Casino Drive Gains Powerful Lobbyist, Golden Nugget Owner Willing to Bet on Georgia

Atlanta Casino Drive Gains Powerful Lobbyist, Golden Nugget Owner Willing to Bet on Georgia

Two identical Atlanta casino bills have actually been introduced to both chambers associated with the state’s General Assembly, and gambling companies over the country are readying for the legislative fight by hiring high-profile lobbyists.

It’s tough to find fertile regions that are non-gaming the US, especially in major metropolises. An Atlanta casino bill seeks to bring gambling that is land-based Georgia, much to the delight of billionaire Tilman Fertitta.

The most name that is recent join the push for casinos in Georgia is former Mississippi Governor Haley Barbour. The Republican who served two terms leading The Magnolia State has filed lobbyist documents in Atlanta to represent the passions of Las Vegas-based Wynn Resorts.

Barbour joining the discussion is important because of his long friendship with current Georgia Governor Nathan Deal (R). State lawmakers have been pressing to legalize gambling that is commercial Georgia for over a 12 months so as to increase tax revenue.

Deal has opposed such legislation in the last, but recently hinted he would be open for a discussion should the casino law mandate that most the profits help education, while the impact wouldn’t directly hurt their state’s lottery system.

Though Georgia does not currently have land-based tribal or commercial gambling, nor pari-mutuel wagering, the Peach State sold $4.556 billion worth of lottery seats in (more…)

William Hill’s Largest Shareholder Demands Sale of Gambling Company

William Hill’s Largest Shareholder Demands Sale of Gambling Company

William Hill is once again at the center of merger talks, but this time the business’s shareholder that is largest wants it to be the goal of a takeover.

William Hill is allegedly back on the trading blocks after the company’s chief stakeholder reportedly called for the group to find a buyer that is potential.

Parvus Asset Management, a London-based hedge fund that controls 14.3 % for the UK bookmaking and gambling company, is reportedly pushing William Hill to just accept a qualified takeover.

According to The Sunday instances, A british weekend newspaper, Parvus believes William Hill should check out be obtained by, or merged with, another leading online gambling firm. Possible suitors include GVC Holdings, as well as 888 Holdings plus The Rank Group, the two latter which tried to buy William Hill last summer.

Both Parvus and William Hill declined to comment, but conjecture is running rampant in britain because of the hedge investment’s considerable power.

Started in 1934 by the company’s namesake, William Hill employs some 16,000 people today. The bookmaker has 2,370 real betting shops throughout the UK, which compliments its gaming that is online network.

Up to Parvus

It had been just last October that the investment team publicly blasted William Hill’s potential aligning with Amaya, the company that is canadian-based owners PokerStars.

Parvus said at the time, ‘We highly encourage that the board prevents (more…)

Nj-new jersey Online Gaming Study Predicts Huge Growth Trend Will Stay in 2017

Nj-new jersey Online Gaming Study Predicts Huge Growth Trend Will Stay in 2017

Nj on line gaming had its year that is best up to now in 2016, as well as the future, at least according to one brand new study, is going to be even brighter.

Pennsylvania is expected to think about passing a law that is igaming year, and that would be further good news for New Jersey online gaming, as it could help reverse internet poker’s downward spiral.

Web gaming organizations are increasingly being told to expect a profits increase of 17 percent in 2017. Global gaming industry research group Eilers & Krejcik says online gambling within the Garden State will reach highs that are new the year ahead, inspite of the firm’s prediction that electronic poker will decrease by six percent.

Best yet for Atlantic City is their prediction that online play is leading to more bets placed at the remaining seven casinos that are land-based.

‘Increased integration between the internet and live casino appears to be driving additional play and visitation at land-based properties,’ the Eilers & Krejcik research stated.

Very good News or Bad News?

As the headline reads nicely for internet casino operators while the state’s tax coffers, 17 %, while strong development, would be a slowdown actually in terms of yearly percentage gain.

The nj-new Jersey Division of Gaming Enforcement (DGE) reported internet that is total in 2016 came in at $196.7 million. That is nearly $48 million significantly more (more…)

President Trump Talks Sports Betting, Nevada Books Collect Record Handle on Super Bowl

President Trump Talks Sports Betting, Nevada Books Collect Record Handle on Super Bowl

Sports legalization that is betting a controversial topic that has recently been debated in a number of state capitals, and the united states Supreme Court is considering conducting its own review into the coming months.

President Trump explained he won’t fight for activities wagering legalization until he hears all sides regarding the story from those who know the market best.

As Super Bowl LI generated a record handle at Nevada sportsbooks, the topic is garnering the eye of a lot more important players. The commander-in-chief gave over the weekend while there was much coverage on President Donald Trump’s sit-down with FOX News’ Bill O’Reilly during Super Bowl Sunday, it wasn’t the only interview.

Showing up on American sportscaster Jim Gray’s Westwood One radio network system, the president was asked about legalizing sports nationwide that is gambling.

‘What we’d do is sit straight down with the commissioners. I will be talking for them, and we’ll see how they feel about it,’ Trump explained. ‘Some would maybe not desire it, I’ve look over others perhaps do. I would certainly desire to have their input and get the input from the different leagues . . . It will be studied very carefully.’

While vague, the president’s remarks would be the time that is first’s opined on potentially even considering repealing the expert and Amateur Sports Protection Act (PASPA). The 1992 federal statute ma (more…)

Pennsylvania Sports Betting Bill Introduced, Penn State Football Popular at Sportsbooks

Pennsylvania Sports Betting Bill Introduced, Penn State Football Popular at Sportsbooks

A Pennsylvania sports betting bill has been introduced by State Rep. Rob Matzie (D-District 16) that seeks to allow residents in the Keystone State to place financial wagers on sporting outcomes should a federal law be repealed.

James Franklin’s Penn State football team provided large payouts for fans who backed the Nittany Lions last fall, and a Pennsylvania sports betting bill has been introduced to keep those monies inside the Commonwealth.

House Bill 519 would allow the business of accepting wagers on sporting events or on the individual performance of athletes. Traditional Vegas sports betting formats including straight bets, moneylines, parlays, exchange wagering, and pools would all be authorized. However, Matzie’s bill wouldn’t legalize daily fantasy sports.

‘Sports betting is a $400 billion business in the United States,’ Matzie said in a statement. ‘Most of that betting takes place illegally, through bookies and offshore wagering companies. This bill would position Pennsylvania’s casinos to be among the leaders in sports betting as soon as the legal hurdles are removed.’

Those legal hurdles are complex, as sports betting is currently outlawed in all but Nevada. For that to change, a federal statute passed in 1992, the Professional and Amateur Sports Protection Act (PASPA), would need to be repealed by Congress.

Pennsylvania is currently considering a massive gambling expansion packa (more…)