Category Archives: casinos

Gambling Competition: No Reason To Despair?

by Categorized: casinos, Gambling Date:

A southeastern Connecticut business leader, Tony Sheridan, says the state\’s two casinos will overcome new competition:

\"casinoAlthough we must remain vigilant, there is no reason to despair. Economic recovery and job growth is slowly occurring in our region and indeed the entire state. During the late 1980s and the 1990s, there is no doubt that the Mohegan and Mashantucket Pequot tribes provided a much-needed economic boost when they built two of the world\’s largest and most successful casinos.

… Consider other initiatives the Mohegans are making. Internet gaming is a challenge that can\’t be ignored. New technologies are making unregulated on-line gambling more accessible than ever before. In response, the Mohegan tribe is working with Congress to develop regulations that would protect consumers. There also is opportunity here.

The reason the casinos are so successful is that they had a monopoly on gambling in the Northeast. That monopoly is ending.

 

Malloy: More Tribes \’Devastating\’ To State

by Categorized: casinos, Gambling Date:

In a letter sent this week to Sec. of Interior Sally Jewell, Gov. Dannel P. Malloy says that changing federal recognition rules for Indian tribes could lead to \”additional mega-casinos\” in Connecticut. Malloy was writing in response to news that the Bureau of Indian Affairs, which is part of Interior, is considering revisions to federal tribal recognition rules that could make it easier for tribes that have reservations in Connecticut.

Read the letter:

\"Malloy

Gambling\’s Rosy Future

by Categorized: casinos Date:

\"casino The American Gambling Association is crowing about its new report that suggests that gamblers are returning to casinos across the land. The report, which makes only limited use of data from states with Indian casinos, focuses on commercial gambling revenues. All of this is good news for Massachusetts, which is gearing up to enter the casinos sweepstakes (and snatch Connecticut\’s golden goose).

Roughly speaking, it looks like we are back to about 2007. Unfortunately for Connecticut, over the last six years gambling has exploded in our neighboring states of New York and Rhode Island, with Massachusetts soon to join the party.

The AGA points out that commercial casino revenue rose 4.8 percent in 2012 to $37.84 billion. Frank J. Fahrenkopf, Jr., president of the AGA (and father-in-law to GOP gubernatorial hopeful Tom Foley), sees a lot of optimism on the casino floor:

After three years of increasing growth and positive signs in all sectors of the industry, it’s clear that we have weathered the recession … Whether we look at jobs, casino visitors served or tax revenues being provided, the bottom line is that there is much to be optimistic about in the commercial casino industry. Continue reading

Online Gambling Gets Closer

by Categorized: casinos Date:

Station Casinos in Las Vegas brought ultimatepoker.com online this week. We may see a lot more of this sort of thing as states move aggressively into the next phase of gambling expansion. Note that you have to actually live in Nevada to gamble on this site.

New Jersey, Christie Beat CT To Punch W/ Internet Gambling

by Categorized: casinos Date:

New Jersey moved fast on Internet gambling. Is anybody watching over at the capitol?

Feb 26 (Reuters) – New Jersey Governor Chris Christie on Tuesday approved online gambling within the state\’s border, a move that he hopes can help boost state revenues and revive Atlantic City casinos.

The measure, announced the same day that Christie unveiled his new budget plan for fiscal 2014, will legalize Internet gaming to New Jersey\’s 9 million residents and also create opportunities for European companies with expertise in running online gaming operations.

New Jersey, the 11th most populous state, will become the largest so far and the third in the United States to allow online gambling after Delaware and Nevada, according to the National Conference of State Legislatures.

Nevada, home to international gambling Mecca Las Vegas, last week became the first U.S. state to allow interstate online poker.

More.