The 3rd week of 2016 featured outstanding news from Atlantic City. Revel is reportedly going to reopen as a waterpark and a casino. The casino will be a smaller version of the previous model. Since they closed in September 2014, the amount of rooms available at the shore decreased by 1400. That does not include the rooms lost by the closing of Showboat, Atlantic Club and Trump Plaza. While the occupancy rate has risen, the demand for a room will drive prices up as well. Not good for the consumer. The reopening will alleviate a part of that. No timetable was given.
The conversation about Online Gaming in Pennsylvania was revisited by State Rep John Payne. Payne is the current chair of the Gaming Oversight Committee. He predicted that some form of gaming outside of the brick and mortar casinos would be approved by July. This will double the amount of people that are playing currently. Good news for 888 and Caesars Interactive.
A hearing on Tuesday was held to talk about the possibility of sports betting. This would be in concert with a resolution introduced late last year urging the U.S. Congress to repeal a ban on sports betting. Pennsylvania is being proactive with the hearing of the proposal by New Jersey that request that wagering on games be allowed by the 3rd Circuit Court of Appeals. This hearing is scheduled for February 17. ESPN Chalk provided coverage of this hearing and cited the opinions the Commissioners of the NBA and MLB.
Finally, New York has New York will have another crack at online poker. Legislation that would regulate online poker sites in the Empire State was re-introduced this week. The measure was considered last year but didn’t gain any traction in Albany. The bill is from Assemblyman Gary Pretlow, who is pushing legislation along with Sen. Bonacic, who has yet to re-introduce his proposal. Both are at the helm of gaming and racing committees. The amount of money projected in the 1st year of operation was estimated at 120 million. That is the same amount that Pennsylvania projected for the online gaming market 12 months after launch.
This news regarding Poker is cited from Cardplayer.com.
Last week, I went 2-2 with my NFL selections. My best bet was Seattle + 8.5 in a teaser. Today my best play is the over 47.5 in the Panthers and Cardinals game. Enjoy the games.
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