..

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

Written by:
C Costigan
Published on:
Apr/06/2020

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


*6 weeks free trial - test drive - best in the biz
*Deposit with Bitcoin - They'll double it!
*Get your own domain, customized website, logo
*Switch in under an hour, earn mrore $$ for doing so
*Odds featured on DonBest.com
*Thousands of betting options daily + live in-play
*Easy and discreet payment options include gift cards
*Walmart gift cards also accepted
Start Earning Money From Your Sheet Here

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.”

More From The Desert Sun

ARCHIVES

April 5, 2020

April 4, 2020

April 3, 2020

April 2, 2020

April 1, 2020

March 2020

February 2020

January 2020

December 2019

November 2019

October 2019

September 2019

August 2019

- Aaron Goldstein, Gambling911.com

Gambling News

NJ Online Sportsbooks to Require Multi-Factor Authentication

NJ Online Sportsbooks to Require Multi-Factor Authentication

Although 2FA/MFA solutions have been used by companies in many industries, New Jersey’s requirements are noteworthy because they spell out what is usually considered a best practice.

Mayfield Trade Impact on the Panthers Odds

Mayfield Trade Impact on the Panthers Odds

BetOnline actually now giving Carolina longer odds following the news.

Running Back Prop Bets for the 2022 Season

Running Back Prop Bets for the 2022 Season

Rushing yards and rushing TDs are available for nearly every RB while a select few also have rushing + receiving yards and TDs props.

Gambling.com Group Brings on Board Dave & Busters CFO

Gambling.com Group Brings on Board Dave & Busters CFO

One of the top sports betting affiliates in the USA market, the Gambling.com Group, has brought on board Michael Quartieri to join its Board of Directors.

Can I Bet the 2022 NHL Draft Online?

Can I Bet the 2022 NHL Draft Online?

Shane Wright is the odds-on favorite to be selected the overall number one pick priced at -340.

Syndicate