Texas’ Poker Clubs Are in Trouble

Texas’ Poker Clubs Are in Trouble

A little-known fact, known by few:  Texas has poker clubs.  These are by no means just a couple of tables in the back of a bar.  The Lodge Card Club in Round Rock outside of Austin has more than 60 tables.   The games — mostly Texas Hold ’em, naturally...
Macau’s Casinos Are About To Change

Macau’s Casinos Are About To Change

Junkets and high-rollers are out. Mass-market is definitely in. The six current concessionaires, including the American companies MGM, Wynn, and Las Vegas Sands, are, rightly, mostly concerned about whether they will be allowed to continue to operate casinos. But they...
Macau’s New Laws: Too Early to Celebrate

Macau’s New Laws: Too Early to Celebrate

The new proposed laws for Macau casinos have been made public, and the existing casino operators – and their investors – have breathed sighs of relief.  The government has made it clear that there will be “no more than six casino concessions,” which all six companies...
New York’s Unforced Error

New York’s Unforced Error

Last week I wrote a blog explaining why the plan to issue online sports betting licenses in New York will be a disaster. [LINK] Not only will the tax rate be the highest in the nation – possibly a ridiculous 71% – but the entire law is on its face unconstitutional....
New York’s Sports Betting Disaster

New York’s Sports Betting Disaster

On Friday, October 22nd the New York State Gaming Commission announced what the tax rates will be for anyone unfortunate to win the right to operate online sports betting.  Most of the bids were probably already in, but the Gaming Commission graciously gave the...