Trends, News & Interesting Reads

The New Jersey Division of Gaming Enforcement (DGE) released figures for the state's first week of licensed wagering operations. The numbers show that the first week's legal wagers generated just under $3.46m in revenue.  Naysayers have been saying that these types of Vegas online bets wouldn't fly in New Jersey but the statistics seem to show otherwise.

In addition, the sports betting doesn't seem to be taking gamers away from the land-based casinos. According to the NJ DGE, June’s brick-and-mortar casino revenue improved 5.1% over the same month last year, bringing in a total hit of $207.5 million. During the same course of time, slots revenue gained to $153.2, a 7.2% increase. Table games dipped a bit -- sliding 0.5% to just under $54.3 million. 

The popularity of skill-based games, in which the outcome of the game is determined by the competitor's mental skills (ability to reason, think strategically and remember information learned) or the physical skills (fast reaction-time, dexterity, etc) seemed to stall after the first skill-based games were introduced.

A new generation of skill-based games that were recently introduced to the Vegas casino by Gamblit elicited mixed results but Gamblit is moving ahead with new skill-based game designed, buoyed by the belief that, once players become accustomed to this new type of games, they will prefer such game options.

Until May 14 2018, the only state where you could legally gamble on professional and college sports was Nevada.

The American Gaming Association is estimates that legal sports betting will generate up to $26 billion in economic activity. It is also expected to increase tax revenues to federal, state, local and tribal sovereign governments by as much as $5 billion.

The 2018 Grande Vegas World Series of Poker gathering is taking place this year in early – mid July, bringing thousands of the world's top players – and tens of thousands of spectators – to the Rio Casino in a series of events that will determine who will hold the crown for Vegas casino and Vegas online poker wins. 

For a $10,000 fee, players can join the tournament's 78 gold bracelet events plus the main event and vie for prizes that can reach millions of dollars. 

Activists have called on the Victoria government to end a special exemption that allows Melbourne's Crown casino to operate online Vegas games such as poker machines without a minimum spin rate.

Victoria law requires casinos to maintain a minimum spin rate of 2.14 seconds between each bet. A state-wide system, called "YourPlay" was introduced in 2015. The system allows players to monitor their spending on pokes and set limits so that problem gambling behaviors would be reduced. However, the system did not lock out punters who were able to continue to bet even after they'd reached a pre-set limit.

Real Time Gaming has come out with some exciting new Vegas online games this season and you can play them at the Grande Vegas casino. Whatever your fancy, you'll find it in the New Games lobby at the Grande Vegas casino.

As the World Cup moves into its third week of the five-week festivities, the betting activities are cranking up even higher. You don't have to be a professional gambler to have some online Vegas games betting fun by placing some wagers on the games. Here's a short summary of everything that you need to know to join the World Cup frenzy and -- hopefully -- make a few dollars along the way. 

The ink has barely dried on the Supreme Court's recent ruling that overturned the PASPA Congressional Act. The Court's ruling allows individual states to legalize sports betting. Multiple states, including New Jersey, which took PASPA to court, and Delaware, which had laid the groundwork for legalized sports betting before the Supreme Court handed down its ruling on  the case in May, have launched sports betting in their states and other states, as well as the Grande Vegas casino, are close behind.

June 2018 marked the first full month of Daily Fantasy Sports (DFS) in Pennsylvania. The Vegas casino industry's two major players, DraftKings and FanDuel, reported revenues of $673,013 and $632,008 (adjusted to account for the income received after the winnings were distributed). That number accounts for 98 percent of Pennsylvania's entire DFS Vegas games market. 

Daily fantasy sports is now legal in Pennsylvania. DFS has been in a bit of a gray area for a number of years but Pennsylvania has now authorized six fantasy sports sites, including FanDuel and DraftKings, to operate legally. The bill was authorized as part of a larger statewide gaming expansion.

The U.S. and China seem to be steaming toward a full-fledged trade war. If the battle heats up, American casino companies could absorb a good portion of the collateral damage. Mainland China has been the largest source of international travel and travel spending since 2012.

Beijing can easily direct these travelers away from sites that represent the disfavored US government as it uses online Vegas games to reward its friends and punish its enemies.