Category Archives: Latest Las Vegas News

New Jersey Legislature OKs bill to legislate sports betting

Thursday, June 7, 2018|4:21 p.m.

TRENTON, N.J.– New Jersey’s casinos and racetracks are awaiting the starter’s gun to begin offering sports betting now that the state Legislature has authorized a costs to legalize it.

All eyes were on Gov. Phil Murphy on Thursday, right away after the state Assembly and Senate all passed a bill to enable sports wagering three weeks after winning a U.S. Supreme Court case that cleared the method for them and all other states to do so.

Casinos and racetracks itched to start taking bets on baseball, basketball, soccer and other sports. However the Democratic guv would not indicate whether he would sign the costs– or perhaps when he might decide.

“He stated he wants to act rapidly, however the legislation will be subject to the same comprehensive evaluation that legislation sent out to him for signature goes through,” stated his spokesperson, Dan Bryan.

While some top lawmakers said they anticipated Monmouth Park, a racetrack near the Jersey shore in Oceanport, to start taking bets Friday, others said they expected Murphy to consider the costs during the weekend prior to acting.

Adding to the confusion was an action the lawmakers took in the past approving the bill: They removed out an arrangement that would have restricted any gambling establishment or track from beginning to provide sports wagering prior to the bill was signed. Republican state Sen. Declan O’Scanlan said that technically allowed Monmouth to start taking sports bets right away.

John Heims, a representative for the track, stated it would not take any sports bets Thursday night, adding it “should understand soon when we are beginning.” Other first-day movers would likely consist of Atlantic City’s Borgata gambling establishment.

Three weeks back, New Jersey dominated in a Supreme Court case that struck down a federal law restricting sports betting to simply four states. Now, any state is totally free to embrace laws legalizing it, and experts expect most to do so. A report this week by Eilers & & Krejcik Video gaming forecasted that only 6 states will not have authorized sports betting by 2023.

Previous state Sen. Raymond Lesniak, who led the defend sports wagering for 8 years, forecasted it will help turn around Atlantic City, where gambling establishment gaming had actually been in decline. The state’s gambling establishments and racetracks would be able to offer sports betting once the governor indications the costs.

“Today is the day that New Jersey gets the same advantages that Las Vegas does,” he said. “Throughout the Super Bowl or the NACC Tournament, in Las Vegas you can’t get a hotel space and Atlantic City is a ghost town. This will alter that.”

Three of the expert sports leagues were not happy over the absence of “stability cost” payments they state would help them authorities wagering patterns and called for much better details sharing. In a joint statement, Big league Baseball, the NBA and the PGA Golf Competition contacted Murphy to “repair” the bill prior to acting upon it.

“The legislation does not consist of standard protections to alleviate threats to the stability of sports and to ensure fairness for New Jersey customers,” they stated. “The bill allows for the development of non-transparent betting markets that deny sports leagues important tools to keep an eye on wagering activity and carry out integrity examinations. In addition, the bill does not need casinos or the regulator to alert sports leagues of potential match repairing or other inappropriate conduct.”

The expense would enable Atlantic City gambling establishments and racetracks, including Monmouth, the Meadowlands and Freehold Raceway, to offer sports wagering. A provision also would enable it at the former Atlantic City Race Course if that facility were to reopen.

The expense sets the tax rate for casinos at 8.5 percent, with an extra 1.25 percent payment to help market Atlantic City. The 1.25 percent add-on charge for tracks would be divided among the host neighborhood and the county in which the track runs. Internet bets would be taxed at 13 percent.

Web wagering would start 1 Month after the remainder of the law takes effect.

The expense also removes barriers for any of Atlantic City’s gambling establishments to use sports betting, including clauses to allow the Borgata, Caesars, Harrah’s, Bally’s and the Golden Nugget to offer sports bets despite ownership or partial ownership of professional sports teams.

A last-minute modification permitted the Golden Nugget to take sports bets, despite the fact that its owner, Texas Billionaire Tilman Fertitta, also owns the NBA’s Houston Firecrackers. The expense formerly shut the Golden Nugget from sports betting, but a modification permitted it to use bets on sports besides basketball.

Fertitta thanked New Jersey for making the change and stated he ultimately wishes to persuade state regulators to let the Golden Nugget take bets on basketball groups other than the Rockets, as Nevada regulators allow.

Wynn, Encore initially Strip turn to discard parking cost

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Steve Marcus A view of the Repetition and Wynn resorts on the Las Vegas Strip, Dec. 26, 2017. By )

Published Thursday, June 7, 2018|2:39 p.m.

Upgraded 18 minutes ago

The Wynn Las Vegas and Encore have actually become the first major Strip resorts to back away from parking charges carried out in 2015.

Wynn Resorts announced today that it will not charge hotel visitors for parking beginning July 1 and will use complimentary self-parking and valet service to any patron who spends $50 or more, consisting of food, shopping and gambling.

For hotel visitors, parking will be included in the $39 resort charge, which is not being raised, the business said.

The Wynn and Encore share a parking lot.

“Our guests opt to stay with us because of the attention we give to improving every detail of their experience,” said Maurice Wooden, president of Wynn Las Vegas. “We have actually pertained to think that charging additional parking costs is counter to the customized service we offer. This brand-new policy straight reflects the way we understand our guests desire and are worthy of to be dealt with.”

Following a pattern amongst Strip resorts, Wynn started charging for parking in August. The first hour is totally free, with a charge of $7 for one to two hours, $12 for two to four hours, and $15 a day for anything more than four hours.

Under the new policy, groups can likewise split their spending to cover numerous cars. For example, a group’s $200 costs at a dining establishment could be utilized to cover parking for four cars and trucks.

MGM Resorts International was the first to start charging for parking at 11 of its Strip resorts, beginning with nonresidents in June 2016. Others followed, consisting of the Strip’s other major resort owner, Caesars Entertainment Corp.

. Some resorts held out on charging for parking, including MGM’s Circus Circus, the Venetian and Palazzo, the Tropicana, Treasure Island World Hollywood and the SLS.

Culinary: Tentative offer reached with MGM on 5-year contract

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Steve Marcus Members of the Culinary Workers Union, Resident 226, head into the Thomas & & Mack Center to vote on whether to license a strike Tuesday, Might 22, 2018, in Las Vegas. A potential strike would impact 34 casino-hotels.

finalized information of a five-year contract with Caesars Entertainment for 12,000 staff members. That deal includes “groundbreaking language on employee security regarding unwanted sexual advances, workload, technology, and immigration,” inning accordance with a union declaration.

“The Culinary Union has actually fought hard to protect workers over our 83 years and this new agreement is the very best contract with the greatest wage boosts that employees have ever had,” stated Geoconda Arg├╝ello-Kline, Secretary-Treasurer for the Culinary Union, in a statement on the Caesars contract.

In their risks prior to the contracts, union representatives estimated a strike of its 50,000 workers from 34 gambling establishments on the Strip and in downtown could have cost those homes more than $300 million in the very first month.

Union: Strike would cost gambling establishments over $300 million in first month

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Steve Marcus Members of the Culinary Employee Union, Local 226, praise during a presentation prior to voting on whether to license a strike Tuesday, May 22, 2018, in Las Vegas. A possible strike would impact 34 casino-hotels.

Published Wednesday, May 30, 2018|10:57 a.m.

Updated Wednesday, Might 30, 2018|12:41 p.m.

. A threatened strike by 50,000 members of the Culinary Workers Union in Las Vegas beginning Friday would cost 34 gambling establishments on the Strip and downtown more than $300 million in its first month, union representatives estimated today.

Union analyst Ken Liu stated Caesars Home entertainment’s revenues would be slashed by $115 million prior to interest, taxes, depreciation and amortization, while MGM Resorts International would lose $200 million.

The 2 business own most of the resorts on the Strip and employ almost 40,000 union employees, mostly mixed drink servers, bartenders, housekeepers, food servers, porters, bellmen, cooks and other kitchen area employees.

About 20 percent of the union workers are employed by Penn National Video Gaming, Golden Entertainment and Boyd Gaming.

Their contracts expire Friday.

Almost half of the membership took part in balloting earlier this month to license union leadership to require a strike, voting 99 percent in favor.

Under their existing agreement, employees got annual raises, which include income and benefits, of 2.2 percent, Culinary Workers Union spokesperson Bethany Khan said.

Under a proposed new five-year agreement, the union is looking for annual raises of 4 percent and added defenses for employees, including a panic button for maids to alert authorities if they are under pressure.

MGM spokesperson Mary Hynes and Caesars representative Rich Broome stated today they were positive casino operators would reach an equally beneficial deal with the union and avoid a strike.

The last time Culinary Employee Union members staged a citywide work stoppage remained in 1984, when 15,000 employees went on a 67-day strike. Individual properties have actually likewise had work interruptions, most notably a more than six-year strike in the 1990s at the Frontier.