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Gambling in the USA

European Gambling Versus US Gambling 2019

George Miller

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European Gambling Versus US Gambling 2019
Reading Time: 2 minutes

 

While Asia is gaining plenty of momentum, Europe and the US are still the largest bodies of gambling conniseurs. Asia may well become a leader in the future, but a lot of countries are going to have to loosen the reins on its residents before that’s likely to happen.

An in depth look at the gambling industries in both Europe and the US indicates both regions are currently experiencing explosive growth, though not necessarily in the same gambling sectors. While the differences will be identified below, there are areas where the gambling industries are quite similar. For instance, online casino sites in the USA are pretty much the same as top casino sites operating in Europe. In some cases, the top online casinos are owned and operated by the same ownership groups. Moving on, we want to spend some time discussing important differences.

Integration of Gambling into the Culture

In Europe, particularly in the UK, gambling has been widely accepted as a viable form of adult entertainment for a long time. There are opponents advocating for the cessation of gambling activities, but they really don’t have much of a voice.

Part of the reason why there is such a high level of integration of gambling into society is because of the influence the region has had on gambling in general. Aside from slot machines, most table games were invented and rolled out in countries like France and Italy. The longest existing land-based casinos reside in Europe. The reality is some forms of gambling has been legal in portions of Europe for over 200 years. It’s also noteworthy that Europe has always been well ahead of the curve when it comes to online gambling of any kind.

In America, horse racing in the only form of gambling that has any real longevity. Up until the 1950s, most other forms of gambling (slot machines, bingo, poker) were being provided in churches and the back rooms of bars. When land-based casinos finally came into the mainstream in the late 1950s, access was only available in Las Vegas with Atlantic City following suit almost 20 years later. It’s only recently that Americans have begun accepting gambling in general as a viable form of adult entertainment.

Game Selection

There’s a stark difference in the forms of gambling for which each region shows a preference. In the UK, there’s a large contingent of gamblers who support the horse racing industry. Truth be told, there’s more race tracks in Europe per capita than anywhere else in the world. Europeans also love to wager on European football (soccer) as well as bingo. Neither of those betting options have much of a following in the US.

In America, slot machines are king in the casinos. Next up would be blackjack where as Europeans prefer Baccarat and Roulette. The horse racing industry is strong in the US, but many people consider it a bit of a niche market. By the way, Americans love to play lotteries, a reality that has produced dozens of people with a net worth of over $100 million.

There is one other area within the gambling industry that offers insight about the people’s attitudes towards gambling. In Europe, the regulation of gambling operations is important, but there is a higher level of tolerance for unregulated providers. In the US, the government goes to extraordinary lengths to keep a tight grip on how and where citizens are permitted to gamble.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

New Jersey Governor Signs Bill which Allow Golden Nugget to Take NBA Bets

Niji Narayan

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New Jersey Governor Signs Bill which Allow Golden Nugget to Take NBA Bets
Photo Source: tripadvisor.com
Reading Time: 1 minute

 

New Jersey Governor Phil Murphy has signed a bill which allows the Atlantic City’s Golden Nugget casino to accept bets on most National Basketball Association (NBA) games.

Tilman Fertitta, a billionaire from Texas, is the owner Golden Nugget casino. He also owns the NBA’s Houston Rockets team. When New Jersey lawmakers legalised sports betting last year, a provision in the law banned team owners from placing or accepting bets on any games involving their sport.

“We’re grateful, and appreciative that people eventually realized this was an overreaction. It allows us to compete,” Steve Scheinthal, general counsel for the Golden Nugget’s parent company, Houston-based Landry’s Inc., said.

The ban on all NBA bets cut badly into the Golden Nugget’s New Jersey sports betting business. A gambler wanting to place bets on football at the Golden Nugget had to go somewhere else to bet on basketball, making it much less likely he or she would visit the Golden Nugget at all for sports betting.

“It was like going into a boxing ring with one arm tied behind your back. You just can’t compete that way. It gave everyone a year’s head start on us,” Scheinthal said.

 

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Gambling in the USA

Kentucky AG Andy Beshear Reveals Plan for Casinos, Sports Betting Across State

Niji Narayan

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Kentucky AG Andy Beshear Reveals Plan for Casinos, Sports Betting Across State
Photo Source: huffpost.com
Reading Time: 1 minute

 

Andy Beshear, the Democratic candidate of Kentucky gubernatorial election, has unveiled his plan to expand gaming and bring casinos, sports betting, fantasy sports and potentially online poker into the Bluegrass State.

Beshear, the state’s current Attorney General, faces Republican incumbent Gov. Matt Bevin in the November general election. Bevin has spoken out against gaming, especially as an option to increase funding for public pensions.

Beshear’s plan resembles what Illinois officials pushed through in their state earlier this year. While Illinois already had casino gaming, the new law expands the number of casino licenses available and allows sports betting across the state. Illinois plans to use the revenue stream to shore up the state’s infrastructure and fund pensions.

Kentucky is one of the 10 states in the US without a commercial or tribal casino. The border states of Kentucky such as Illinois, Indiana, and Ohio have casinos or racinos located just across the Ohio River near major population centres in Kentucky. Beshear said that the state loses out on $500 million in tax revenue annually to its neighbouring states.

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Gambling in the USA

Blackstone Group to Buy Bellagio and MGM Grand

Niji Narayan

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Blackstone Group to Buy Bellagio and MGM Grand
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Blackstone Group is going to buy the Bellagio and the MGM Grand, two of the biggest properties owned by MGM Resorts. Blackstone is in talks with MGM Resorts regarding this.

After buying, Blackstone would then lease the property back to MGM Resorts, who would continue to run the day-to-day casino operations.

By selling the property to Blackstone, MGM would free up needed capital to build a $10 billion resort in Japan. Early estimates have MGM receiving roughly $7 billion for the two casino resorts.

Blackstone has made a splash in the gaming market over the last several years. It purchased the Cosmopolitan Las Vegas in 2014 for $1.73 billion and acquired Spain-based Cirsa Gaming Corp in 2018 for $1.8 billion.

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