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Atlantic City Gambling Earnings Dropped 1.3 Percent in 2nd Quarter

atlantic city gambling earningsAtlantic City gambling earnings declined in the second quarter of 2024. According to the latest report, revenue from casinos and online gaming companies dropped 1.3 percent year over year.

According to data from the state's Division of Gaming Enforcement, the nine land-based establishments and two online gambling enterprises in New Jersey made $178.4 million in gross operating profit during the second quarter. Gross operating profit is a commonly used metric for profitability in Atlantic City's gambling sector, accounting for earnings before interest, taxes, depreciation, and other expenditures.

According to sportsbook pay per head reviews and news sites, the nine casinos were successful. However, compared to the same period last year, the profitability of two-thirds of them decreased.

Read more: Atlantic City Gambling Earnings Dropped 1.3 Percent in 2nd Quarter

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Liverpool Earns First Win in Post-Jurgen Klopp Era

post jurgen klopp eraIpswich Town fans celebrated the team’s return to the Premier League. However, they were reminded of how brutal their journey would be after meeting Liverpool to start the season. The latter’s post-Jurgen Klopp era began with a 2-0 win against Ipswich.

Ipswich and Liverpool faced off for the whole match, with Ipswich battling for possession and creating the game's two best opportunities. And they did it with a starting eleven that featured seven players from their promotion from English football's third division, League 1, a little over a year ago.

According to a sportsbook watchdog, Ipswich could not keep up with Liverpool as they stepped up their game and played faster. The score was leveled five minutes after the restart when Diogo Jota scored. Mohamed Salah then completed the scoring. The comfortable Liverpool we've grown to know and love over the past several seasons was shattered by a one-two punch that popped the Ipswich bubble.

Read more: Liverpool Earns First Win in Post-Jurgen Klopp Era

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Online Casinos in New Zealand will Launch in 2026

Good news for gambling operators looking to expand into the New Zealand Casino Market. This is because the New Zealand government is currently working on the licensing and regulation framework for online casinos. If all goes according to plan, Online Casinos in New Zealand will Launch in 2026.

According to the latest casino news, The New Zealand government has agreed to create a high-level approach to online casino regulations. The regulations will be specifically made to reduce damage, facilitate tax collection, and offer consumer safeguards to players.

The decision by the New Zealand Government represents a crucial advancement towards establishing an open market. Furthermore, it is expected to address numerous ongoing challenges affecting the nation's gambling industry.

Brooke van Velden, the minister of internal affairs, said that once the new regulations are in place, players will have more protection. This is because operators will no longer be allowed to target players in the country.

Read more: Online Casinos in New Zealand will Launch in 2026

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Missourians will Vote on Legalizing Sports Betting in November

Missourians will Vote on Legalizing Sports Betting in NovemberIt’s been a long time in the making and soon, Missouri might have legal sports betting within its borders. This is because Missourians will Vote on Legalizing Sports Betting after a campaign to put the issue on the ballot. For sports betting proponents, this is a great victory as legalizing sports gambling has been unsuccessful in the past.

According to Bookie News, the announcement on which issues would be in the November 5 ballot was made on Tuesday. This is when Secretary of State Jay Ashcroft’s office said a constitutional amendment to legalize sports wagering would be on the ballot.  Furthermore, the vote for legal sports betting is one of 3 other issues Missourians will get to vote on in November 5. Other issues on the ballot will also include a minimum wage hike and abortion rights.

The proposal to legalize sports betting arises after the state legislature's repeated failures to pass such legislation in several sessions.

Despite interest from both Republican and Democratic lawmakers in endorsing sports betting, the initiative was consistently obstructed by Senator Denny Hoskins, who sought to link it with a bill aimed at legalizing video gaming machines.

The current proposal, designated as Amendment 2 on the ballot, is supported by various Missouri sports organizations, including the St. Louis Cardinals and the Kansas City Chiefs.

Read more: Missourians will Vote on Legalizing Sports Betting in November

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MLB Trade Rumors as Deadline Nears

mlb trade rumorsMore Major League Baseball players will be part of MLB trade rumors in the next two weeks. Some players will move to other teams, and others will stay.

MLB trade rumors are a constant source of speculation and excitement among fans, bookie pay per head operators, and analysts alike. As teams strategize to bolster their rosters, whispers of potential trades circulate, creating a dynamic atmosphere within the baseball community. These rumors can significantly impact team strategies, player morale, and even the market value of athletes involved.

While some rumors materialize into blockbuster deals, others remain mere conjecture, fueling discussions and debates across various media platforms. Staying abreast of MLB trade rumors is essential for anyone keen on understanding the evolving landscape of Major League Baseball.

Read more: MLB Trade Rumors as Deadline Nears

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Paradise Co’s Casino Sales in July Reached $45 Million

paradise coCasino sales in July at casinos owned by Paradise Co Ltd improved by 7.3 percent to $45.17 million. The company operates foreigner-only casinos in South Korea. However, its year-over-year revenue decreased by 1.3 percent.

According to casino pay per head experts, revenues from table games in July totaled almost KRW57.58 billion, or over 93% of the casino's total monthly revenues. The remaining roughly 4.47 billion Korean won came from sales of machine games. The total amount wagered in July at casinos, in the form of chips for games, was about KRW542.18 billion, an increase of 1.9% from the previous month and 2.3% from the same month last year.

Separate data submitted to Paradise Co's website indicates that VIP gaming accounted for most of the July casino decline. The company's casino drop for VIP play was KRW420.82 billion in the month, while the mass play accounted for KRW121.35 billion.

Read more: Paradise Co’s Casino Sales in July Reached $45 Million

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Legal Online Sports Betting in Nebraska Update

Legal Online Sports Betting in Nebraska UpdateSports Betting in Nebraska has been legal since 2021. However, it is only available for in-person sports betting at retail sportsbooks. Thus, sports betting in the Husker state is very limited and gaming officials in Nebraska want to change that. According to the latest Legal Online Sports Betting in Nebraska Update, there might be a chance that it will happen in 2025.

A coalition of licensed operators in Nebraska has urged Gov. Jim Pillen and state legislators to engage in discussions regarding a proposed online sports betting bill. The bill has the potential to generate an extra $30 million in annual revenue, which could be allocated towards property tax relief.

Ho Chunk Inc., the parent company of WarHorse Gaming, is also calling on lawmakers to deliberate on legislation that would authorize a constitutional amendment during a special session scheduled for July 25th.

Furthermore, several lawmakers in Nebraska agree that online sports betting is worth considering. State Senator Terrell McKinney (D-North Omaha), among the mere 15 Democrats in the 49-seat Legislature, concurs with certain legislators in the Republican-controlled unicameral chamber agrees.

According to an interview with KETV, he said “We’re missing out because we want to be the ‘nanny state’.”

Read more: Legal Online Sports Betting in Nebraska Update

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