Pennsylvania Horse Racing handle drops by more than 10% in 2019

Pennsylvania Gaming Control Board released the Annual Racetrack Casino Benchmark Report detailing the impact of Pennsylvania casinos on the Commonwealth’s horse racing industry. The report is now available for download from the PGCB’s web site https://gamingcontrolboard.pa.gov.

The report includes and compares information from calendar year 2019.

The taxable handle generated by Pennsylvania’s six race tracks dropped by more than 10.7% in 2019 to around $300 million, the report shows, a decrease of more than $36.1 million from the previous year.

The taxable handle has dropped every year since the reporting began. In 2006, the taxable handle from all tracks was just under $976 million.

That means handle fell by more than two-thirds in 13 years. The taxable handle was cut in half by 2013 when it dropped to $480.6 million.

That’s not unique to PA, the report notes, and is due to a decreasing demand for retail horse betting.

Indiana Horse Racing Commission Approves Eldorado-Caesars Merger

The $17.3 billion merger between Eldorado Resorts and Caesars Entertainment was approved by a second Indiana regulatory agency.

The Indiana Horse Racing Commission approved the pending merger Monday, just three days after the deal also gained the green light from the Indiana Gaming Commission. With the Indiana agencies giving their consent to the deal, only New Jersey remains as the last state that has yet to approve the merger, as reported by Reno Gazette Journal.

The Indiana Gaming Commission is requiring Eldorado and Caesars to sell three of its gaming properties in the state as a condition for its approval. On Monday, Eldorado CEO Thomas Reeg confirmed it will sell the Horseshoe Casino in Hammond to a new operator by the end of the year. He told members of the Indiana Horse Racing Commission that … more:

5 Most Popular Casino Games In 2020

The gambling websites’ popularity has increased tremendously within the past decade – and for a good reason. For Portugal in particular, this comes as an abundant source of income. In fact, online gambling contributes to 0.05% of the total GDP of a country. Casino Games In Portugal both online and offline are completely legal, licensed, and regulated by the RISGTP administration or Regulatory and Inspection Services of Games and Tourism of Portugal. With so many alternatives, it can be difficult to decide on the most suited games. To help you out, we have created a list of the leading casino games in 2020. You may now scroll down and have a look at the quick casino guide!

Roulette

Roulette is one of the original gambling games, having been loved and adapted by people all across the world for many centuries. It is a board game and just like slots also a ‘Perfect Information’ game. This means there’s not a ladder of skill to climb, but knowing how to place the bets becomes more important. Some people who gamble do give this game a bad name, but that’s largely due to having a limited understanding of the right strategies to play.

 

Blackjack

Finally time for the best card game ever; Blackjack! It is the perfect game for social gamblers who are familiar with card games, whether that be through growing up with them or viewing tutorials online. The objective of the game is to get as close as possible to 21 without going over. Blackjack has a huge following of loyal fans because it’s relatively easy to learn and it provides a level of skill so you don’t have to rely on luck alone. You can actually improve your chances at blackjack by practicing and applying different strategies.

 

Baccarat

Baccarat is another card game which is very popular in Asia and especially China. It goes fast to learn how to play since you only bet on 3 outcomes; either win for the Banker or the Player, or it can end in a tie. Learning the basics is easy but it requires practice to perfect the game. I recommend you spend a little more time getting to know how to play the game.

 

Craps

Craps is just like Roulette a ‘Perfect Information’ game. Some bets require certain rolls before they can become winning or losing bets, thus reassuring strategy. Craps is one out of a few casino games where you can become friends with your opponents because you can choose to play with or against your opponents. Also, if you are a big fan of Hollywood movies then you’ve most likely seen it in Ocean’s 13, James Bond Diamonds are Forever and on A Bronx Tale.

 

Three Card Poker

A highly popular casino table game, three-card poker lets you have a great control over the game’s final outcome. It’s also a game with great odds and several potentially profitable side bets. Invented in the 1990s, three card poker seems pretty low key but it’s one of the best casino card games.

 

FanDuel May Purchase Fairmount Park Racetrack, Gain Immediate Sports Betting Access

Multiple sources have confirmed to Sports Handle that growing U.S. sports betting juggernaut FanDuel Group is in talks to purchase the Fairmount Park Racetrack in Collinsville, Ill., in the St. Louis metropolitan area. The reason? It’s a workaround for the application fee and would allow FanDuel, which would otherwise have an 18-month waiting period before it could launch its mobile sportsbook in Illinois, a chance to go live sooner under its own brand name.

The timeline for a purchase is unclear, but talks are well underway and FanDuel Group (Betfair Interactive US LLC) already applied for a management services provider license with the Illinois Gaming Board. The fee for this license is $1 million. Fairmount Park has applied for an organization license, which has a $10 million price tag.

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PA Governor proposes using Funds from Horse Racing to help with college tuition

“Three years ago the governor signed a bill to create that trust fund that couldn’t be touched, and now three years later he’s coming back and taking $200 million out of 250 dollars. All those jobs would be lost, all these horses would have to be re-homed, the economy would be devastated.” ~ Kim Hankins, the executive director of Meadows Standard Bred Owners Association

WASHINGTON, Pa. — Pennsylvania Gov. Tom Wolf is proposing to cut $204 million from the Race Horse Development Fund and moving it to help college students with tuition.

The governor says the money would support the Nellie Bly tuition program, which provides financial assistance to targeted full-time students who agree to stay in Pennsylvania for the same number of years for which they receive the benefit.

Governor Wolf tells Channel 11′s Cara Sapida that the legislature would need to approve the transfer of the tax dollars going to purse winnings for owners, trainers and jockeys, and redirect them to this scholarship program.

Pete Peterson, executive director of the Pennsylvania Equine Coalition, told Channel 11 that money in the Race Horse Development Trust Fund comes from an assessment paid by casinos on their gross terminal revenues from slot machine gaming. The legislature noted in the 2017 Race Horse Industry Reform Act that the money isn’t funds of the Commonwealth and that the “Commonwealth shall not be rightfully entitled to any money” in the RHDTF.

New Competition for Oaklawn Park in Arkansas?

Competition is coming for Oaklawn Racing Casino Resort in Hot Springs.

Of course, it’s always faced competitors in the form of other thoroughbred racetracks and then, later, in the form of the electronic “games of skill” also offered by Southland Park (now Southland Casino Racing) in West Memphis, as well as the myriad other ways in which people spend money to entertain themselves.

But with the opening of the Saracen Annex in Pine Bluff, to be joined later this year by the full-fledged Saracen Casino Resort, Oaklawn faces head-to-head competition in its own backyard.

Gaming industry experts told our Mark Friedman that Arkansas’ gambling market probably wasn’t yet saturated. But the Saracen Annex, which opened for business in late September, already appears to be cutting into Oaklawn’s terminal and slot machine wagers, which fell 15.7% in the fourth quarter of 2019, compared with the same period in 2018.

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FL Court rules that Calder can switch from horse races to Jai Alai and retain slot machines

Slot Machines Seduce, Then EntrapAn appellate court upheld a decision by the Florida Department of Business and Professional Regulation and said Calder Race Course could continue offering casino slot machines if it switched from horse racing to jai alai.

A state appeals court Wednesday (9/25/19) said Miami-Dade County’s Calder Race Course can continue operating slot machines if it discontinues horse racing and offers jai alai games instead.

A three-judge panel of the 1st District Court of Appeal upheld a decision by the Florida Department of Business and Professional Regulation and rejected arguments by thoroughbred breeders and owners, who had appealed the agency’s decision.

The case was rooted, in part, in a 2004 constitutional amendment that allowed pari-mutuel facilities in Miami-Dade and Broward counties to operate slot machines. Calder, which has run horse races for decades, obtained a permit to operate slot machines.

In 2018, Calder asked the Department of Business and Professional Regulation’s Division of Pari-Mutuel Wagering whether it could continue to operate slot machines if it shifted from offering horse races to jai alai. The Florida Thoroughbred Breeders’ and Owners’ Association and Ocala Breeders’ Sales Co., Inc. opposed the proposal.

Wednesday’s ruling said Calder obtained its slot-machine license as what is known as an “eligible facility” under a section of state law…

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Sports Book at Indiana Grand Racing & Casino

Source:  Indiana Downs

Indiana Grand Racing & Casino made history Sunday, Sept. 1, 2019 as it became the first Sports Book in the state. A special pep rally was lead into the commemorative ribbon cutting ceremony to mark the official opening of Winner’s Circle Race, Sports, Pub.

“We are extremely excited and honored to open the first Sports Book in the State of Indiana,” said Ron Baumann, senior vice president and general manager of Indiana Grand Racing & Casino. “Our new Sports Book is a highly anticipated addition to our property, and we have worked hard over the past few months to redesign our current Winner’s Circle to accommodate the newest option in gaming in the state of Indiana.”

The Pep Rally will get underway at approximately 12:45 p.m. followed by comments from several local dignitaries, including Mayor Tom DeBaun of Shelbyville. At the conclusion of the ceremony, the Sports Book will officially launch legalized sports betting in the state of Indiana.

Sports available for legal wagers include professional football, basketball, baseball and golf. In addition, more than 100 other sporting events will be included in the new Sports Book at Indiana Grand.

The current Winner’s Circle has been expanded to include an entire new section dedicated to sports wagers. This addition will complement the existing area already established as the off-track betting venue for horse racing and dining venue.

The event is open to guests 21 years of age and older. The ribbon cutting ceremony will take place in front of the opening into the sports book inside Winner’s Circle, which is located on the casino floor. Those in attendance will receive a commemorative ball cap while supplies last to signify the historic event in Indiana history.

Slot Machines Seduce their Victims, Then …

Slot MachinesThis article was first published in Psychology Today.

Slot machines are often displayed as bright, shiny objects. Similar to video games, they feature creative, trendy themes, bright colors, flashing lights, and a combination of sights and sounds designed to lure potential customers.

Appropriately, Mike J. Dixon et al. (2019), in conducting research into gambling as a form of escape, began by noting the allure of slot machine play as a form of entertainment. Unlike slower games such as lotteries, slot machine payoffs (when they occur) are immediate, often accompanied by attention-grabbing music and high tech animations. In addition, slot machines are by nature unpredictable—due to what the authors refer to as a “variable-ratio reinforcement schedule.”

They focused on players who entered the “slot machine zone,” a state of absorption during which the game dominates their awareness, causing time to pass by without notice, a state many players find extremely pleasurable. Unfortunately for some, however, despite the similarity to the concept of “flow” in positive psychology, slot machine-induced flow often leads to negative consequences — in terms of time management and monetary loss.

Depression and Dark Flow

Dixon et al. describe the phenomenon of …

Controversial betting machines headed to Nebraska horse tracks

LINCOLN — The Nebraska Racing Commission rejected the position of the state’s attorneys in voting Wednesday to install controversial machines that take wagers at Nebraska’s thoroughbred tracks.

Commissioners voted 3-2 during a meeting at Grand Island’s Fonner Park racetrack to allow the machines, which are used to bet on historical horse races. The same board approved the machines in October but then nullified that vote amid warnings that the meeting had violated state open meeting rules.

Chris Kotulak, the CEO of Fonner Park, praised Wednesday’s decision, saying it would pump millions of tax dollars into state coffers and provide a much-needed boost to the state’s struggling thoroughbred racetracks.

“It will be the urgent shot in the arm to help the horse racing industry,” Kotulak said. “The surrounding states that offer thoroughbred racing all have additional gaming that supplements their purse money. They’re taking away the horses and trainers.”

Meanwhile, the head of a leading anti-gambling group in Nebraska promised a swift legal challenge to the commission’s action. The Nebraska Attorney General’s Office has said the commission lacks the power to approve a new form of legalized betting in the state.

“It’s a slot machine,” said Pat Loontjer of Gambling with the Good Life. “It walks like a duck, it talks like a duck — it’s a duck.”

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