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I. Nelson Rose Gaming Guru - Page 2  What's next for California sports betting?17 November 2022
Some of the richest, most powerful political players in the world of legal gambling just spent the most money ever on ballot propositions, nearly half a billion dollars, and won… nothing. Well, not exactly nothing. It’s important to not only see what proponents of a measure want, but also what happens if they lose. ... (read more)
California tribes would get sports betting if they didn’t hate card clubs25 August 2022
The extremely rich and politically powerful gaming tribes in California are spending nearly half a billion dollars this year to win the right to have sports betting. Or, I should say, they are throwing away their money on a fatally flawed initiative, which the voters will reject in November. And it is the tribes’ own fault. ... (read more)
Macau’s distressing new casino laws Part I26 July 2022
Macau’s casino operators were just reminded, dramatically, that China is still a Marxist country. First, the People’s Republic of China became the only major nation to seek the complete eradication of Covid. The PRC has the will and power to do whatever it thinks it will take: quarantining entire cities, ... (read more)
COVID devastates Macau casinos21 July 2022
You know you are in deep trouble when one of the leading newsletters in your industry discusses the “silver lining” in being shut down: “Macau Casino Closures Provide Some Relief from Cash Burn.” Asia Gaming Brief Macau casinos have so few gamblers, in fact, so little revenue of any kind, that the government finally ordering them completely closed is a small blessing. ... (read more)
Is a New York City casino license worth $1 billion?20 April 2022
No government has ever asked $1 billion just for the right to build a casino. That still is true. But that’s how much New York Governor Kathy Hochul had originally wanted for casinos in New York City. Casino executives and lobbyists were able to get the leaders of the State Legislature to put pressure on the Governor. ... (read more)
Texas’s poker clubs are in trouble1 February 2022
A little-known fact, known by few: Texas has poker clubs. These are by no means just a couple of tables in the back of a bar. The Lodge Card Club in Round Rock outside of Austin has more than 60 tables. The games — mostly Texas Hold ’em, naturally — are played for cash. PokerAtlas in Houston is advertising a no-limit game, with $10 & $25 blinds, $2,000 minimum buy-in. ... (read more)
China has plans for Macau19 November 2021
All six casino concessions in Macau are about to expire. The big question is whether the U.S.-based companies – MGM, Wynn, and Las Vegas Sands – will be able to continue operating some of the most successful casinos in the world. Of much less importance is whether Macau will let other operators come in. ... (read more)
New York's unforced error8 November 2021
Last week I wrote a blog explaining why the plan to issue online sports betting licenses in New York will be a disaster. Not only will the tax rate be the highest in the nation – possibly a ridiculous 71% – but the entire law is on its face unconstitutional. In a case involving fantasy sports, trial court ... (read more)
New York's sports betting disaster25 October 2021
On Friday, 22 October the New York State Gaming Commission announced what the tax rates will be for anyone unfortunate to win the right to operate online sports betting. Most of the bids were probably already in, but the Gaming Commission graciously gave the companies involved til Monday to amend their complex, multi-million-dollar proposals. ... (read more)
Gambling and the Law: The power of television5 March 2019
The more things change, the more . . . What? They remain the same? They change? One of the last book stores in Los Angeles recently closed. And record stores are just as rare. This doesn’t mean that people aren’t buying, or at least reading, books. And more individuals have copies of recorded music, mostly downloaded, than when it was only available on vinyl or tape. ... (read more)
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