Archive for November 2018

Ohio casinos not producing the revenue proponents anticipated

In 2009, voters in Ohio took to the polls and said yes to allow casinos in the state. Undoubtedly, many believed the assertions made by casino advocates at the time, who had said that four casinos would bring the state as much as $1.9 billion in revenue before taxes. Now, almost ten years after the bill was approved, a growing number of people in the state are trying to find out what went wrong.

7-Day No Ratholes on America’s Cardroom paying out massive prizes

Americas Cardroom (ACR) is putting up some incredible high-stakes action. The poker site has been running a number of seven-day “No Rathole” tables that have been able to produce monster pots, sometimes reaching into the six-digit range.

According to the No Rathole formula, players have to buy-in with a minimum of ten big blinds. In order to win, players have to sit down with the same amount they left with over the course of seven days, if they decide to return to the same table. ACR offers No Rathole tables in a variety of formats – $0.10/$0.25, $1/$2, $5/$10, and $50/$100 – and the $50/$100 tables have seen the largest pots.

College Football week 13 betting preview

While a few teams will conclude their schedules next week, Week 13 for the most part is it for the 2018 college football regular season ahead of conference championship Saturday. This is easily the best weekend of football this year, including a nice slate of games on the day after Thanksgiving.

Kentucky Downs purchased by former casino executive

Kentucky Downs, which has been owned by the Kentucky Downs Partners, LLC investment group since 2007, has a new owner. According to a press release, the racetrack has been purchased by Kentucky Racing Acquisition, LLC (KRA), a company that was recently found by Ron Winchell and Marc Falcone.

Winchell is a well-known thoroughbred breeder and horse racer and Falcone is the former executive VP, chief financial officer and treasurer of Red Rock Resorts and Stations Casinos. He moved to the casino industry after working on Wall Street with Goldman Sachs.

The terms of the acquisition have not been released. It comes at a time when horse racing is losing steam in the U.S. In an effort to keep their businesses alive, operators have been lobbying lawmakers to allow them to be able to expand their operations to include other gambling products, such as slot machines.

Their efforts may be paying off, especially in Kentucky. Senator Julian Carroll, who was Kentucky’s governor from 1974-1979, sub..

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