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 hit hard by increased competition from brand new areas in neighboring states, as the newer 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 domestic taxes and increased competition throughout the state line means hard times for the house and also the state’s two other racinos.

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

Meanwhile, outfall from the new MGM nationwide Harbor, which started in Maryland year that is late last 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 because they spend higher state taxes than their counterparts across the edge, and they’re begging legislators for help.

Taxed Out of the Market

This the Delaware’s Video Lottery Advisory Council (VLAC) met to discuss the status of Diamond State’s three casinos week. The council is tasked w Read more

Casino News: WH Layoffs, Jackpot Win, Robbery

Casino News: WH Layoffs, Jackpot Win, Robbery

This week’s casino headlines deliver a combination of very good news and news that is bad. We’ll focus on the bad news as William Hill is defined to help make some big layoffs within the United Kingdom.

Massive Layoffs Expected At William Hill Following Closure Of 700 Betting Shops

It’s taken a time that is long online gaming to overtake the indian dreaming slot machine land-based variation, but this week, we saw a big indicator of the current times.

Massive layoffs are anticipated in britain William that is following Hill decision to shut 700 betting shops across the nation. The move comes after the UK government, under Theresa May, decided to reduce the spread of Fixed Odds Betting terminals. As result of this book closures, more than 4,500 jobs are anticipated to be lost in total. The gambling terminals, which critics have dubbed the ‘crack cocaine’ of gambling, had led to a boom in the amount of shops on British high streets. However, having an original bet that is maximum of euros per play, there had been issues that players were left way too vulnerable to losing large amounts of money when using the terminals.

One other issue is that online sports betting is much more readily accessible and available. Visiting a shop that is land-based place bets felt a bit archaic.

The betting shop employees’ union Community called your decision by William Hill ‘devastating news’ for the business’s employees. Meanwhile, the critics that campaigned in favour of book Read more