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CCA News - Wednesday August 12, 2009

 

NEVADA ECONOMY: Gaming revenue at 2004 level

lvrj.com - August 12, 2009

Nevada's monthly gaming revenues have sunk to levels not seen since 2004.

Harrah's considers race track for casino

the-news-leader.com - August 12, 2009

Now that Ohio has decided to allow expanded gambling at seven horse racing tracks, a major casino operator has expressed interest in operations in Ohio -- specifically, in the village.

Ohio needs open casino gambling

cantonrep.com - August 12, 2009

Slot machines in the existing horse racetracks are not the best answer to gambling in Ohio, but at least they are a start. The best approach would be an open public bid for the best casino development proposals that would result in maximum return in investment and jobs for Ohio. But at least this is a start.

Decision on Erie County slots revenue plan upheld

philly.com - August 12, 2009

A Commonwealth Court judge has upheld a lower court decision saying Erie County government officials cannot distribute half of the slot machine revenue the county receives any way they want.

Pittsburgh casino's opening day 3rd biggest in Pa.

whptv.com - August 12, 2009

Pittsburgh's new slot machine casino had the third busiest opening day of any of Pennsylvania's new gambling halls.

Lawmakers gearing up for gambling fight

milforddailynews.com - August 12, 2009

As another legislative battle over gambling looms this fall, Massachusetts lawmakers are working to separate the fact from fiction around gaming’s revenues and social costs, while well-financed casino developers hire lobbyists and set their sights on the Bay State.

 

 

 

 


Volume 6 Issue 4:  May 2008

In this issue we review Commercial Casino and Racino Results in 2007 and discuss the potential for changes to US Internet gambling law under the next Presidential Administration.

 

The Casino Sector in 2007

"State-licensed casino gross gaming revenue (GGR) grew by 5.7%, or $2.1 billion, in 2007, to $39.8 billion, a record (Exhibit 1).  Adding in an estimated $23.4 billion in Class III tribal gaming GGR and casino sector consumer spending reached $63.2 billion"

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Internet Gambling and the Next Administration

"When the next Congress and a new President take up their duties in January the unresolved matter of Internet gambling will be waiting in the inbox.  It will not be as pressing a matter as the economy or the war in Iraq but neither will it go away.  The Unlawful Internet Gambling Enforcement Act (UIGEA) settled nothing. "

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