Delaware Brick-and-Mortar Casino Sector Advisory Board Holds State’s Fate, While Keeping Cards Close
The Delaware land-based casino sector is 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 just publicly traded racino, but high taxes that are domestic increased competition throughout the state line means crisis for the home 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 brand new MGM National Harbor, which opened in Maryland late final 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 marketing drives, drawing even more customers away from Delaware’s ailing properties.
The three racinos cannot compete simply because they pay higher state taxes than their counterparts across the border, and they are begging legislators for help.
Taxed Out of 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 is tasked with advisin
Hawaii: Sweepstakes machines such as that one have been seized in current raids by Honolulu police. (Image: KITV.com)
For most Americans, Hawaii seems such as an exotic destination, a place which you could go for a grand vacation to get away from their troubles. Unfortunately for the operators of sweepstakes cafes, the state has decided it’s not a place where they are going to have the ability to conceal.
Hundreds of charges have actually been filed against the owners and operators of sweepstakes machines in a bust that is major Hawaii. A grand jury has returned an indictment that included 414 counts against three establishment owners and six additional employees, including unlawful charges of money laundering and promoting gambling.
Up to now, seven of this nine people charged happen arrested. The 2 people that are remaining Mike Miller and Mike Madali, are currently in the mainland United States. Officials say they will be arrested on their come back to Hawaii.
As the arrests and charges were sweeping, the Honolulu Police Department (HPD) has managed to get clear that their investigation is far from over.
‘Those who have it in their establishments, it would be a good idea to eliminate them because if they do not, the HPD will be coming after them,’ stated HPD significant Jerry Inouye.
Federal Judge Declares Machines Illegal
The move comes after federal judge Leslie Kobayashi granted the city of Honolulu’s motion f
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