Gambling and Sports Betting News April 6, 2020: NJ Casinos Losing $540 Mil a Day, Tribal Casinos Could Go Under

Written by:
C Costigan
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Here are today's headlines in the world of gambling and sports betting as they happen - Monday April 6, 2020.

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NJ is Losing $540M a Month in Revenue From Closed Casinos

Atlantic City is virtually a wasteland that is costing the state $540 million in casino-related revenues every month while they remain locked down amid the deadly pandemic, according to the American Gaming Association

Meanwhile, more than 26,000 workers are out of a job, part of a ripple effect that is putting a massive dent in Atlantic City’s $2.9 billion-a-year casino industry.

“We haven’t seen it play out yet, but if you look at the economic numbers that are going to start coming out in the coming weeks, this portends to be a worse economic downturn than we even saw in the great recession,” Clyde Barrow, a professor at University of Texas Rio Grande Valley and an expert on the casino industry, told The Post.

“It will be the biggest blow to the casino industry that we’ve seen in a lifetime,” he said.

More From The New York Post Here

Tribal Casino Closures Will 'be Crippling for Some' if Stretched Into June

There is a fear that once casinos can open their doors again, business won't be like it was prior to the U.S. coronavirus outbreak for months — if not years, says Jef Bauer, general manager of the Augustine Casino, which is owned by the Augustine Band of Cahuilla Indians.

Casinos in San Bernardino and Riverside, California counties started closing on March 15, with the final gaming facility in the region, Red Earth Casino, operated by the Torres-Martinez Desert Cahuilla Indians, closing its doors March 22. Gov. Gavin Newsom was the first governor to order all state residents to stay at home, and those orders are indefinite.

“The virus is invisible, and people are starting to see, today, quickly climbing death tolls and infection tolls and that is a scary thought,” Bauer said. “When the dust settles on it, there are going to be huge numbers, and I don’t believe people are going to want to get into crowds.”

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- Aaron Goldstein, Gambling911.com

Gambling News

California, Ohio, Louisiana Sports Betting in Play, Plaza Hotel & Casino Set to Reopen

California, Ohio, Louisiana Sports Betting in Play, Plaza Hotel & Casino Set to Reopen

The likelihood of mobile sports betting coming to California is not very good but land-based tribal casinos could offer in-person wagering at some point.

Man Charged in Scheme That Used Bitcoin to Buy Personal Data

Man Charged in Scheme That Used Bitcoin to Buy Personal Data

A New Hampshire man has been charged in a fraud scheme that involved using Bitcoin to buy stolen personal data belonging to people across the country, officials said. 

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Las Vegas CEO Offering $1000 Free Flights to Stimulate Sin City Economy

Las Vegas CEO Offering $1000 Free Flights to Stimulate Sin City Economy

As Las Vegas begins to welcome visitors back to the city, one CEO has found a creative way to help reignite tourism. Derek Stevens, who announced plans today to reopen his Downtown Las Vegas properties the D Las Vegas and Golden Gate Hotel & Casino on June 4, will give away 1,000 free flights to Las Vegas from more than 20 major U.S. cities.

Is WinStar World Resort Back Open?

Is WinStar World Resort Back Open?

The massive WinStar World Resort on the Texas/Oklahoma border is now reopen (Wednesday May 27, 2020) with social distancing protocol.  Despite the 25 percent capacity restrictions early on, the establishment can still accommodate 6000 people.