Gaming Mid Year Review 2015

In case you missed it, we have hit the halfway point of 2015. If you are into gaming entertainment,this has been 6 months of speculation throughout the industry.

Here are the highlights of 2015 with my bold predictions of what happens by the end of the year.

 

 

 

 

Casinos proposed in North Jersey with tax revenue going to Atlantic City. Prediction -No.

Governor Christie supports it. New Jersey has a 30% approval rate of him. They will reject

his initiative.

Atlantic City has the Pier and Revel reopening.  Prediction - The Pier reopens while Revel

does not. Bart Blatstein's track record in Philly shows he can develop a project and make it

appealing. Nothing definitive for Revel until 2016.

 

    

Pennsylvania gets online gaming this year. Prediction - No! The interest is there but the difference on the tax rate will morass the process. The budget for fiscal year 2015-16 will take center stage with taxation and educational expenses. Gaming will take a backseat.

 

 

California and New York will have online Poker. Prediction - No! Not enough support to sustain traction. They will revisit the issue in 2016 to beat a proposed federal ban.

Sports Betting will be approved outside of Nevada. Prediction - Yes. This is the year of acquising to popular opinion. A landmark Supreme Court ruling regarding marriage. The legalization of marijuana use for recreational and medicinal purposes is a further example of giving in to public demand and making a profit. Can you spell prohibition? Sports Betting is something that is accepted by the public and some of the professional sports leagues. Fantasy Sports wagering is just the precursor to allowing gambling on a live event. Once approved in New Jersey, Pennsylvania will lobby for it as well.

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