This week’s casino news starts off in Macau where revenues are plummeting due to new COVID-19 concerns. Can they fend off the Delta variant and get back on track?
New COVID-19 Restrictions Cause Macau Revenues To Plummet
After a solid month of revenues in July, Macau casinos saw their total revenue numbers dip drastically in August. According to the Gaming Inspection and Coordination Bureau, Macau casinos brought in approximately $554.5 million throughout the month. Surprisingly, it is a 234 percent increase compared to August of 2020, but it is still half of what the casinos brought in during July.
Early assumptions are that the brand new COVID-19 regulations that were made in an effort to stop the spread of the Delta variant is the cause of the revenue drop. Four new positive cases were reported at the beginning of August which is when they started to crack down on their new rules.
However, not all is disappointing for Macau. Many expect the casino industry to rebound incredibly quickly given the fact that there were only those four positive cases. Had they not created new regulations, it could have led to another full outbreak.
Connecticut Sports Betting Could Make Its Way Here Before the NFL Season Begins
Anybody who has been itching to place a couple of sports bets in Connecticut may not have to wait much longer in order to do so. The state was able to pass new rules as an emergency regulation, which means that players could place bets starting September 9th, which is the beginning of the new NFL season. The Regulation Review Committee had to go over a long 82-page document that detailed all of the rules for the upcoming sports betting and online gambling markets. At the end they had to come up with a vote in order to pass it or halt it and they voted in favor of passing by a 9-4 margin.
This all started back in March when Governor Ned Lamont came up with an agreement with both the Mashantucket Pequot Tribal Nation and the Mohegan Tribe. Both tribes will be able to offer any type of sports betting while the Connecticut Lottery can now offer sportsbooks.
Credit cards have become a major issue hiccup in these negotiations but regulators came to the conclusion that all players will be allowed to put on one credit card to their account. For those who enjoy the e-wallets, unfortunately both Venmo and PayPal will not be offered.
Atlantic City Planning To Sue Philadelphia Casino Regarding Copyrighted Slogan
Two casinos are set to square off courts over a slogan. With both sides having plenty of money to fight it out, this could get ugly.
The Ocean Casino Resort has officially sent over a lawsuit against Live! Casino & Hotel Philadelphia after they allegedly used a copyrighted slogan for their marketing campaign. The slogan that they used was apparently “Let’s Go for the Win.”
Ocean Casino had put in $140,000 into the slogan “Go for the Win” back in June. These two phrases being just one word differentiated has caused problems between the two properties, hence the lawsuit.
Ocean hasn’t declared a specific price that they would like to receive in damages but do want Live! to remove all advertising regarding that specific slogan. Live! not only used the slogan on national television advertisements but they also put it across a couple of billboards, resulting in a ton of revenue coming in.