October 23, 2015 |
The Philadelphia 76ers and partypoker have ended what both sides said in 2014 was a groundbreaking partnership between an NBA team and an online gambling business. Sixers CEO Scott O'Neil confirmed Wednesday night that the partnership had ended, but declined to explain why the two businesses parted ways, other than to say that even multiyear partnerships such as this one have "triggers" that allow for "adjustments based on market opportunity. " Someday, sports gambling - online and otherwise - might be a hot market opportunity nationally, as it is in Las Vegas now and in other countries such as the United Kingdom.
October 14, 2015 |
HARRISBURG - With Gov. Wolf and the Republican-controlled legislature locked in a months-long budget stalemate, there is one area in which they might be able to agree: expanding gambling options to increase state revenues. After a news conference last week during which Republican leaders in the state House indicated a willingness to discuss expanded gambling access as a cash source, Wolf's spokesman said Monday that the first-term Democrat was also open to considering gambling proposals.
June 12, 2015 |
Only in Pennsylvania: Gamblers would not be allowed to register online to open Internet gambling accounts unless they live more than 20 miles away as the crow flies from a bricks-and-mortar casino. Any closer, and they would have to travel to a casino and register in person, under the provisions of a Senate bill in Harrisburg calling for big changes to the state's gambling landscape. The goal is to give the brick-and-mortar casinos a better chance to tap into their local target audience.
February 27, 2015 |
Pennsylvania State Rep. John Payne, the new chairman of the House Gaming Oversight Committee, is taking an activist approach to helping the casino industry stay competitive. One day after scheduling a series of hearings to explore ways to expand gambling and examine regulations, Payne (R., Dauphin) introduced a bill Wednesday to legalize Internet gaming. "We looked at the fact that Jersey has it, Delaware has it, Las Vegas has it," Payne said. "It would be a mistake for Pennsylvania to sit here and wait until Ohio has it, Maryland has it, New York has it, and we're the last ones coming to the game.
February 7, 2015 |
TRENTON - A watchdog group led by a Democratic operative on Thursday asked the New Jersey State Ethics Commission to investigate whether Gov. Christie broke the law by allegedly accepting "gifts of foreign travel and lavish lodgings and entertainment" on his 2012 trip to Israel. The complaint comes after the New York Times reported Monday that Christie and his family flew to Israel on a private jet provided by the billionaire Sheldon Adelson while the Las Vegas casino magnate was lobbying against legislation that would ultimately legalize online gambling in New Jersey.
January 16, 2015 |
Atlantic City's gambling market shrank by 8.5 percent last year, to $2.62 billion from $2.86 billion in 2013, excluding the results of Internet gambling, the New Jersey Division of Gambling Enforcement reported. The results reflect the closure of four of the city's 12 casinos, including the Atlantic Club, which closed a year ago. Three others, Showboat, Revel, and Trump Plaza, closed at the end of the summer. The eight remaining operators posted a 3.1 percent gain in gambling revenues from their Atlantic City operations.
September 7, 2014 |
The New Jersey Division of Gaming Enforcement gave online gambling company Betfair Interactive US L.L.C. permission to intervene in writing in proceedings on the closing of Trump Plaza on Sept. 16. Betfair, which is based in London, England, is Trump Plaza's online gaming partner and will be able to continue operating until the Trump Plaza license is revoked, but may need to find a new bricks-and-mortar casino partner to keep operating in New Jersey thereafter. Betfair's attorney said in an Aug. 25 letter to regulators that Trump officials have not responded to any requests for information about the closing.
August 2, 2014 |
Borgata's online gambling operations recorded an operating loss of $1.8 million in the quarter ended June 30, but reached a "key milestone" by breaking even in July, said Keith Smith, chief executive of Borgata's managing owner, Boyd Gaming Inc. Smith said during a conference call on the Las Vegas company's second quarter earnings that he expected the recent downturn in online gambling revenue in New Jersey to end when cooler weather returns....
June 15, 2014 |
The Rational Group, which owns the world's largest online poker site and tried to buy the now-closed Atlantic Club in Atlantic City last year to get a foothold in New Jersey's legal online gambling market, has agreed to a $4.9 billion buyout by Amaya Gaming Group Inc. A history of U.S. legal troubles has blocked the Rational Group, which is based on the Isle of Man, from launching its brands, PokerStars and Full-Tilt Poker, in Nevada, Delaware, and...
June 12, 2014 |
The Republican Governors Association transferred nearly $1 million to its Pennsylvania political action committee from casino magnate Sheldon Adelson, a blunder that appears to breach the state's gaming act, records show. "We made it crystal clear from the beginning that any contributions that we made could not be allocated to Pennsylvania," Ron Reese, an Adelson spokesman, told The Inquirer. Pennsylvania law bars casino owners and executives from giving to candidates, political parties or committees.