Harrah’s New Orleans Blames Cigarette Ban for Declining Revenues, Pennsylvania Casinos Set Record



Harrah’s New Orleans says the cigarette ban imposed by the city an ago this week has negatively impacted its gambling revenues and needs to be held accountable for the casino’s downward spiral year.

Harrah’s New Orleans state the citywide smoking ban is shuffling up revenues in the wrong way.

Statistics supplied by the Louisiana Gaming Control Board seem to back those claims up. Gross gambling revenue at Harrah’s brand New Orleans totaled $23.9 million in March, down nearly 21 percent through the $30.2 million the casino created in the month that is same 2015.

Since 2007, all Louisiana workplaces and restaurants have been smoke-free, but the statutory law don’t apply to casinos and bars. Carrying out a unanimous New Orleans City Council vote and Mayor Mitch Landrieu’s (D) signature, a city ordinance went into impact on April 22, 2015, that banned cigarette smoking and vaping on the casino floor.

‘ Slot revenue, Harrah’s source that is largest of revenue, is affected probably the most with slot revenue down 17 percent in the time following a ordinance’s impact in comparison to prior year,’ Harrah’s spokeswoman Jade Brown-Russell reported. ‘In the 12 months impacted by the smoking ban, Harrah’s has experienced video gaming income declines in 10 of the 12 months.’

Clash of the Ash

Supporters of the air that is clean say Harrah’s is simply searching for a scapegoat to place blame.

‘T Weiterlesen

DraftKings, FanDuel Jettison Merger Plans, Back Away From FTC Challenge



Joint rulers regarding the day-to-day fantasy activities (DFS) market DraftKings and FanDuel have walked away from a proposed merger of equals, less than the usual month following the Federal Trade Commission (FTC) moved to block the offer on grounds of antitrust ‘fair competition’ problems.

The deal’s off: DraftKing’s Jason Robins (left) and FanDuel’s Nigel Eccles announced on Thursday that their organizations would be going it alone, calling down a potential FTC fight in the grounds of antitrust violations. (Image: Reuters)

The 2 companies announced the termination of the tie-up on Thursday, simply days after they’d each filed legal briefs to a federal district court, vigorously defending the merger.

But with both companies already fighting legal actions on several fronts, it looked like another high priced and possibly condemned battle that is legal ahead. A source told ESPN that dealing with the FTC would likely cost some $12 to $15 million.

Money Worries

Ironically, consolidation might have dramatically cut the amount of legal and costs that are lobbying two companies spend fighting for legal DFS in states across the united states. It might also remove the expenses associated with attempting to out-market each other.

The failure of the deal leaves both in precarious positions that are financial as neither has ever been profitable. Documents related to the merger leaked last thirty days revealed t Weiterlesen

NFL Betting: Top 5 Games For Week 1 Of The NFL Preseason

NFL Betting: Top 5 Games For Week 1 Of The NFL Preseason

The National Football League is back with a full slate of preseason action after six long months of anticipation. The exhibition games will not count in the standings that are actual. Nevertheless, they are going to still provide sports bettors seeking to place a bet at the sportsbooks with a first glimpse of the approaching year, including lots of new faces in brand new places.

Washington Redskins @ Cleveland Browns
Thursday August 8th – 7:30 PM ET

It is interesting to see how many snaps if any arterback that is second-year Mayfield sees in this game. There exists a ton of optimism surrounding the potential of the Browns offense following the improvements of Odell Beckham Jr. and Kareem Hunt. There is a chance that is good see Mayfield, OBJ, Hunt and Jarvis Landry on the field for at least one possession at the Cleveland faithful. Meanwhile, rookie pick that is first-round Dwayne Haskins will make his first for Washington. Haskins has a shot that is legitimate earning the starting job for the Redskins if he delivers the goods this preseason.

L . a . Chargers @ Arizona Cardinals
Thursday 8th 10:00 PM ET august

The first-overall pick in this year’s NFL Draft will likely see his very first game action against the Chargers on Thursday night. Kyler Murray was drafted to function as the franchise quarterback in Arizona. The Cardinals wasted short amount of time handing him the keys to the car by naming him their starter Weiterlesen

Casino News: The Buffalo Bills are the latest NFL team to locate casino sponsor

Casino News: The Buffalo Bills are the latest NFL team to locate casino sponsor

This week’s casino news starts with income numbers from the continuing state of Maryland. Gambling is alive and well in the Old Line State as they just produced their month that is fourth-best ever.

Maryland Casinos Enroll One Of Their Best Months Ever In August

The casino industry into the Terrapin state is absolutely thriving. The report that is latest shows that Maryland casinos delivered record numbers in the month of August.

This week, revenue numbers were released and Maryland’s casinos registered its fourth-best gaming that is monthly numbers ever. In accordance with a recent report, the state’s six gambling enterprises reported their gaming income numbers at $154.3 million for the month of August, which is up 5.4% from that time last year. The other five casinos absolutely thrived including the MGM National Harbor, which accounted for a ridiculous 40% of the state’s total gaming revenue numbers while Baltimore’s Horseshoe Casino struggled to catch onto the trend. In fact, the MGM National Harbor took in a total of $62.4 million, which is an increase of 7% from the same time this past year.

The second-largest casino in Maryland, the Live! Casino & Hotel pulled in only over $53 million in gaming revenues. That number represents a 12.7% increase from the same time a year ago.

When it comes to how the state is spending their gains, $63.3 million regarding the total gaming revenue generated Weiterlesen