Random Thoughts Again

Blue&White
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Joined: Sat Aug 12, 2017 10:01 am

Re: Random Thoughts Again

Postby Blue&White » Mon May 14, 2018 2:55 pm

Could be a real boost for A.C.

I doubt it. A.C. was killed by the legalization of casinos in PA. I seriously doubt that legalized sports betting is going to bring them back now. I think Atlantic City is pretty much toast at this point. They have lost way too much business to other options the past ten years. There are 2 or 3 casinos in very close proximity to my house. One of them is maybe a 15 minute drive. Then there is one in Northeast Philly that is really close, maybe another 10 minutes. There is 3rd one in Philly but it's more of a schlep for me. And, the one in Bethlehem is nice and that's just under an hour. Why would I ever go to A.C again?

That said, I'm in agreement with the courts decision. They should't preclude the states from making their own decision on this. From what I read, the court held that Congress can decide to pass a law that regulates interstate sports betting but they couldn't pass a law that decides to do nothing except prevent the states from doing it if they so desired. And, I think that makes good sense. I also love the fact that the NFL and NCAA were against it. Screw the both of them.

I doubt this is going to get me to gamble more than I currently do (which is pretty much not at all) but I'm pretty sure PA and NJ will be all over this so I'll have the option if I so desire.
Alex Cora sucks. Mickey Callaway sucks. Baseball sucks. Everything and everyone just sucks. Is it football season yet?

sameoldlama
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Re: Random Thoughts Again

Postby sameoldlama » Mon May 14, 2018 3:40 pm

I know a lot of people who would sports gamble who don't casino games gamble (I being one among them).

If NJ beats PA to the punch they will have a product offering in NJ that PA does not have. And AC still has a beach an ocean attached to it - so there will be a draw that PA casinos don't have for someone looking to do a sports weekend.

Was looking to do St. Patty's down AC - a friend of mine who is a regular gambler and can normally always get a comp room was frozen out, 1/2 the hotels I checked were booked and rooms at casinos were at $3-400/night - somebody is going there. This will absolutely boost their revenue especially for events like MMA, Boxing, March Madness, Super Bowl, Football Weekends ....... you wait and see how packed they are in October when you have college football, pro football and baseball playoffs all going at once.

The chronics who play casino table games or slots will just go local - sports fans will be looking for an overall experience. Basically they have to model the Vegas "guys getaway weekend" experience.
Wendall : That's very linear Sheriff
Ed Tom : Age will flatten a man Wendall

Blue&White
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Re: Random Thoughts Again

Postby Blue&White » Mon May 14, 2018 3:50 pm

It may be harder to get a room in AC since a bunch of the hotels and casinos closed down. Smaller supply now better fits the demand. And, the ocean helps them but it hasn't offset all the loss of business.

Maybe sports betting helps. I guess we will find out. Chris Christie was all over this as an idea and he helped initiate the law suits. No idea what the current governor's view is, though.
Alex Cora sucks. Mickey Callaway sucks. Baseball sucks. Everything and everyone just sucks. Is it football season yet?

psu_dad
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Re: Random Thoughts Again

Postby psu_dad » Mon May 14, 2018 4:34 pm

The SCOTUS needs to focus on something more important: internet poker.

I'd sooner arrange my money in a pile and set it on fire than bet on sports. But I do enjoy poker. Many years ago, I was part of a regular Friday night poker game with a group of co-workers. But you know how it goes. People start families, move on to other jobs jobs, etc. and the group dried up. Later, I enjoyed playing online until the FBI and Justice Dept dropped a house on all the web sites. Nice to know they have nothing better to do than prevent me from playing poker for pocket change.
Fire Alex Cora. (On hold pending further review)

PSUgrower
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Re: Random Thoughts Again

Postby PSUgrower » Mon May 14, 2018 11:33 pm

psu_dad wrote:The SCOTUS needs to focus on something more important: internet poker.

I'd sooner arrange my money in a pile and set it on fire than bet on sports. But I do enjoy poker. Many years ago, I was part of a regular Friday night poker game with a group of co-workers. But you know how it goes. People start families, move on to other jobs jobs, etc. and the group dried up. Later, I enjoyed playing online until the FBI and Justice Dept dropped a house on all the web sites. Nice to know they have nothing better to do than prevent me from playing poker for pocket change.

I used to LOVE playing poker on Friday nights. I would play in 4 poker games (on the screen) on PokerStars and play for hours on a Friday night. I never lost a lot and actually won a big tournament that paid for Christmas (I was able to buy some some amazing gifts- my wife plans financially for Christmas every year). It was fun and I was burning money I had to burn. It seriously gets me pissed that I cannot do things when I want to do them because the government steps in. I told this story before but I sometimes play golf on a Sunday but I cannot buy beer until a certain time of the day. That is the dumbest thing ever!! If I want to drink a beer at 9AM on a Sunday morning then i should be able to purchase one at the golf course.

Blue&White
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Re: Random Thoughts Again

Postby Blue&White » Tue May 15, 2018 10:27 am

Alex Cora sucks. Mickey Callaway sucks. Baseball sucks. Everything and everyone just sucks. Is it football season yet?

psu_dad
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Joined: Sun Aug 13, 2017 6:59 pm

Re: Random Thoughts Again

Postby psu_dad » Tue May 15, 2018 11:02 am

In 2017, the state passed a law authorizing sports betting in the state if federal law allowed states to regulate the activity. Now that day is here. But the state's law also called for a $10 million licensing fee and 34% tax rate on this revenue, and those may tough conditions for potential sports betting operators.

Sweet Merciful Jeezus. That's the sort of deal I would expect to get from Vito Corleone.
Fire Alex Cora. (On hold pending further review)

Blue&White
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Re: Random Thoughts Again

Postby Blue&White » Tue May 15, 2018 11:16 am

Vito is the state's Secretary of Revenue Generation.
Alex Cora sucks. Mickey Callaway sucks. Baseball sucks. Everything and everyone just sucks. Is it football season yet?

sameoldlama
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Joined: Wed Aug 16, 2017 7:43 am

Re: Random Thoughts Again

Postby sameoldlama » Tue May 15, 2018 11:35 am

And that is how how eff up something that should be impossible to eff up. You make entry into the market prohibitive and neglect the fact that you have contiguous states that can offer the same product.

Theoretically this could be a gift from the heavens for states - a new revenue stream that they simply have to regulate - and for states with casino gaming that is already largely in place - so new revenue at minimal cost. This should be an opportunity to close budget gaps and public pension liabilities. But we know the clods have already spent 3X the rosiest of projected revenue figures.
Wendall : That's very linear Sheriff
Ed Tom : Age will flatten a man Wendall

Blue&White
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Joined: Sat Aug 12, 2017 10:01 am

Re: Random Thoughts Again

Postby Blue&White » Tue May 15, 2018 12:00 pm

That barrier to entry may actually work out well for some of the bigger players, though. You get 1 or 2 entities that enter the market and everyone else is costed out. I wouldn't be shocked if that number was known in advance and there are a couple of players ready to write the check. There is a lot more than $10M to be had from this and, ultimately, that is probably a pittance compared to the money that can be made. A second point I'd highlight is that any entity acting as a legal bookie has to be well funded and well capitalized to ensure they can cover the bets. If you can't afford the $10M to buy in, there may be concerns about your ability to cover the bets.

I bet PA get their money.
Alex Cora sucks. Mickey Callaway sucks. Baseball sucks. Everything and everyone just sucks. Is it football season yet?