Delaware Brick-and-Mortar Casino Sector Advisory Board Holds State’s Fate, While Maintaining Cards Close

Delaware Brick-and-Mortar Casino Sector Advisory Board Holds State’s Fate, While Maintaining Cards Close

The Delaware land-based casino sector has been struck hard by increased competition from brand new markets in neighboring states, as the more recent and shinier casinos of Pennsylvania and Maryland outperform its three struggling, and highly taxed, racinos.

Dover Downs is Delaware’s biggest and only publicly traded racino, but high taxes that are domestic increased competition over the state line means hard times for the property plus the state’s two other racinos.

The sector, which comprises Harrington Raceway, Dover Downs, and Delaware Park, peaked in 2006, the Pennsylvania began issuing its first casino licenses, when slot revenues hit more than $650 million year. By 2016, slots and table revenues combined had plunged to $398 million.

Meanwhile, outfall from the new MGM nationwide Harbor, which launched in Maryland late last year, stands poised to be the final nail in the coffin. That property caused other casinos in Maryland and West Virginia to ramp up their own advertising drives, drawing even more customers away from Delaware’s ailing properties.

The three racinos cannot compete simply because they spend higher state taxes than their counterparts across the edge, and they are begging legislators for help.

Taxed From the Market

This week, the Delaware’s Video Lottery Advisory Council (VLAC) met to talk about the status of Diamond State’s three casinos. The council i Continue reading Delaware Brick-and-Mortar Casino Sector Advisory Board Holds State’s Fate, While Maintaining Cards Close

Poker News: WSOP Champ, Ivey Woes, Arizona Poker

Poker News: WSOP Champ, Ivey Woes, Arizona Poker

This week’s poker news provides the final notes from the World Series of Poker, including a recap of the big champion. We will begin here as we do our weekly round of the poker headlines:

Ensan Captures Germany’s 2nd World Series of Poker Principal Event Title

The 2019 World Series of Poker has arrived up to a conclusion at the Rio Casino. Germany’s Hossein Ensan has won the event that is main crown jewel of the tournament show and earned the most sought-after prize in poker. In the process, Ensan secured Germany’s second ever WSOP primary event name, becoming the oldest main event championship since Noel Furlong won it straight back in 1999.

Ensan, who is 50 years of age, took house a huge ten dollars million prize that is first-place the triumph. He is the initial German main event champion since Plus Heinz won a championship back 2011. Besides the incredible cash award, Ensan earned 3,300 Card Player Player of the Year points. Ensan wasn’t the just winner that is big this event. Each of the top nine finishers took home at minimum $1 million in prize money, including runner-up finisher Dario Sammartino, who won $6 million.

Ivey Handed $10.13 Million Judgment From Borgata

Poker and gambling expert Phil Ivey is in big trouble following the decision that is latest against him by the Nevada courts. New Jersey’s Borgata Hotel Casino & Spa was given the light that is green a judge to pursue any assets that Ivey might own in his Continue reading Poker News: WSOP Champ, Ivey Woes, Arizona Poker