{"id":652,"date":"2020-04-17T15:55:12","date_gmt":"2020-04-17T15:55:12","guid":{"rendered":"https:\/\/www.casinosites.us\/news\/?p=652"},"modified":"2020-05-15T17:41:25","modified_gmt":"2020-05-15T17:41:25","slug":"the-week-casinos-stood-still-aga-asks-for-additional-federal-help","status":"publish","type":"post","link":"https:\/\/www.casinosites.us\/news\/the-week-casinos-stood-still-aga-asks-for-additional-federal-help\/","title":{"rendered":"The Week Casinos Stood Still, AGA Asks for Additional Federal Help, and Other Business Headlines"},"content":{"rendered":"\n<p>Not much happened this past week in the United States.\nCasinos are under a complete shut-down occasioned by the coronavirus pandemic\nand this is unlikely to change any time soon. Governor. Steve Sisolak of Nevada\nhas confirmed that casinos will remain closed until health experts deemed a\nreversal of the measure permissible. <\/p>\n\n\n\n<p>Economic need won\u2019t be leading in this case, Gov.\nSisolak cautioned with workers growing concerned about their livelihoods. In\nthe meantime, the American Gaming Association (AGA) addressed the Paycheck\nProtection Program, calling the slight changes to the minutiae <em>progress<\/em>\nbut not enough to quite enough to make up for the significant impact suffered\nby the American gambling industry, casinos and sportsbooks in particular.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"american-gaming-association-aga-calls-for-more-solidarity-with-the-casino-sector\">American Gaming Association (AGA) Calls for More Solidarity with the Casino Sector <\/h2>\n\n\n\n<p>AGA CEO <strong>Bill Miller<\/strong> has become one of the key\nopponents against a proposed Paycheck Protection Program, part of the Coronavirus\nAid, Relief and Economic Security (CARES) Act, <a href=\"https:\/\/www.reviewjournal.com\/business\/casinos-gaming\/las-vegas-casino-operators-relieved-after-stimulus-bill-signed-1993247\/\">seeking\nto relief businesses<\/a> severely affected by the COVID-19\neconomic lockdown.<\/p>\n\n\n\n<p>Miller was not against the need for a financial\nrelief, but rather the phrasing the PPP had used to describe under what\nconditions companies would be allowed to apply for the $349 billion earmarked\nin business loans. <\/p>\n\n\n\n<p>Last week, the PPP program fully excluded businesses\nthat generated over one third of their revenue from gambling-related\nactivities. Even the revised text of the law isn\u2019t enough, however. <\/p>\n\n\n\n<p>The new conditions state that a business which\ngenerated less than $1 million in revenue from gaming in 2019 would be eligible\nfor the measure. Another condition is that the sought help cannot exceed 50% of\nthe revenue for 2019, which renders the measure largely unsatisfactory.<\/p>\n\n\n\n<p>AGA continued to describe the enacted policies as\n\u201cwoefully short\u201d of what the industry needed to weather the storm. With\nCOVID-19 continuing to spread and claim new victims, a return to normality in\nLas Vegas and other casinos around the United States is not expected any time\nsoon.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"new-jerseys-online-casino-gaming-grows\">New Jersey\u2019s Online Casino Gaming Grows <\/h2>\n\n\n\n<p>Sports betting revenue across the United States has\nbeen falling rapidly, with regulators posting close to zero in terms of total\nhandle and revenue. <\/p>\n\n\n\n<p>Yet, one sector that has soared has been iGaming or\nonline casino game, and particularly in states such as New Jersey, one of the\nfew to have adapted its casinos for online gambling.<\/p>\n\n\n\n<p>The NJ gaming market took on new dimensions with\nrevenue from iGaming hitting a decent $64.8 million in March or a whopping\n65.6% increase year-over-year. Interestingly, poker was the most popular\nactivity, with the revenue there growing up by 90.6%. <\/p>\n\n\n\n<p>The Golden Nugget was the uncontested leader in the\nNew Jersey market last month, claiming the majority of the revenue at &#8211; $23.3\nmillion. Resorts Digital was second with a fair share of its own and $13.5\nmillion of revenue.<\/p>\n\n\n\n<p>Borgata brought up the rear with another $12.2 million\nin March, all of which reveals the immense potential of online gambling and\ncould be an incentive for other states to hurry up and adopt iGaming.<\/p>\n\n\n\n<p>With the coronavirus pandemic out there, major\nregulatory push for online casinos is not very likely. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"nevada-says-yes-to-electronic-sports-betting\">Nevada Says Yes to Electronic Sports Betting <\/h2>\n\n\n\n<p>A little out of our traditional scope, it\u2019s still\ninteresting to see how <a href=\"https:\/\/lasvegassun.com\/news\/2020\/mar\/17\/sisoak-to-announce-statewide-shutdown-of-casinos-n\/\">Nevada\nis dealing with the massive casino closure<\/a> that has\nbitten deep into the economy of the state. Yet, the Nevada Gaming Control Board\n(NGCB) has approved a number of electronic sports events that can be bet on in\nthe state.<\/p>\n\n\n\n<p>These events include various competitions in \u201cdisciplines\u201d\nsuch as Overwatch, League of Legends and just as of Friday, April 17, Call of\nDuty. Each of these games has millions of followers around the globe.<\/p>\n\n\n\n<p>League of Legends was watched by 100 million\nconcurrent viewers back in 2019 during the game\u2019s \u201cWorld Cup\u201d finals, making\nfor one of the most entertaining esports there is. Previously, the regulator\nalso approved betting on eNASCAR, Dota 2 and Counter-Strike.<\/p>\n\n\n\n<p>Nevada is the first US state to have officially allowed esports betting. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"pa-gambling-revenue-cut-in-half-due-to-covid-19-shutdowns\">PA Gambling Revenue Cut in Half due to COVID-19 Shutdowns <\/h2>\n\n\n\n<p>Pennsylvania has been another leader in iGaming and sports\nbetting innovating the market experience to the point where you can bet on\nsports, play poker and \u201cgo\u201d to online casinos. The state regulator, the\nPennsylvania Gaming Control Board (PGCB) reported that revenue had collapsed\ntwo-fold for March, however. The exact drop amounted to 49.6% with the total\namount worth $304.3 million.<\/p>\n\n\n\n<p>Understandably sports betting has been eliminated from\nthe results, with the bulk of revenue brought in by online casino gaming specifically.\nLand-based casinos all <a href=\"https:\/\/local21news.com\/news\/coronavirus\/all-pensylvania-casinos-to-shutdown\">had to shut down on March 17<\/a>, occasioning a quick and significant\nslump for the industry.<\/p>\n\n\n\n<p>Pennsylvania\nis unlikely to return back to normality in the coming months, until at least\nthe end of May. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"calls-to-legalize-online-gambling-in-the-us-continue\">Calls to Legalize Online Gambling in the US Continue <\/h2>\n\n\n\n<p>Despite the unfortunate timing, groups have been\ncalling for the legalization of online casino gaming in the United States. <\/p>\n\n\n\n<p>The <strong>Southeastern Connecticut Council of Governments\n(SCCOG)<\/strong> has requested that governor Ned Lamont legalize online gambling,\nbut the governor was reluctant to act. <\/p>\n\n\n\n<p>Mohegan Sun and Mashantucket Pequot tribes have been calling\nfrom a pro-active approach from the governor, but he has explained that it was\na matter of important legislative processes that can\u2019t be decided overnight.<\/p>\n\n\n\n<p>This has admittedly put the tribes and the governor at\nloggerheads, leading to further consternation between proponents and opponents\nof online casino gaming. Presently, online casinos can operate only in\nPennsylvania and New Jersey, although mobile betting is increasingly popular.<\/p>\n\n\n\n<p>In fact, Colorado is on its way to legalize sports\nbetting now with the activity due to start on May 1. Colorado will allow mobile\nsports betting from the get go.<\/p>\n","protected":false},"excerpt":{"rendered":"Not much happened this past week in the United States. Casinos are under a complete shut-down occasioned by the coronavirus pandemic and this is unlikely to change any time soon. Governor. Steve Sisolak of Nevada has confirmed that casinos will remain closed until health experts deemed a reversal of the measure permissible. Economic need won\u2019t [&hellip;]","protected":false},"author":3,"featured_media":655,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[14,71,15,68,72],"class_list":["post-652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headline","tag-nevada","tag-aga","tag-casino","tag-covid-19","tag-new-jersey"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Week Casinos Stood Still - AGA Asks for Additional Federal Help<\/title>\n<meta name=\"description\" content=\"With COVID-19 quarantine continuing the AGA (American Gaming Association) asks for relief for businesses severely affected by the virus.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casinosites.us\/news\/the-week-casinos-stood-still-aga-asks-for-additional-federal-help\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Week Casinos Stood Still - 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