{"id":25390,"date":"2019-11-19T09:20:08","date_gmt":"2019-11-19T17:20:08","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=25390"},"modified":"2020-10-19T06:50:20","modified_gmt":"2020-10-19T14:50:20","slug":"sports-betting-burgeons-in-pennsylvania","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/sports-betting-burgeons-in-pennsylvania\/","title":{"rendered":"Sports betting burgeons in Pennsylvania"},"content":{"rendered":"

Pennsylvania<\/strong> sports-betting handle was $241 million last month, which translated into $19 million in revenue (a quarter\u00a0of which promptly went to the state). Mobile wagering accounted for $199 million or 82% of the \"\"wagering, up from 65% last July.\u00a0\u201cMost encouraging is that Pennsylvania\u2019s online market is still expanding with new brands, including DraftKings<\/strong>. That should only encourage more growth,\u201d said gaming analyst Dustin Gouker<\/strong>. Still preeminent was FanDuel Sportsbook<\/strong> at Valley Forge Resort Casino<\/strong>, with $114 million in online handle. It was followed distantly by Rivers Casino Philadelphia<\/strong> ($30 million) and Rivers Casino Pittsburgh<\/strong> ($26.5 million), as well as Parx Casino<\/strong> ($18.5 million).<\/p>\n

Parx led retail betting with $7.5 million, followed by Rivers Philadelphia with $7 million and Valley Forge with $4 million. Further back were Presque Isle Downs<\/strong> ($3 million), Penn National Race Course<\/strong> ($3 million), South Philadelphia Race & Sportsbook<\/strong> ($3 million), Harrah’s Philadelphia<\/strong> ($2 million), Mohegan Sun at Pocono Downs<\/strong> ($2 million), Oaks Race & Sportsbook<\/strong> ($1 million) and Mount Airy<\/strong> (less than $1 million, although its online unit performed well). Said PlayPennsylvania.com<\/strong> sports-betting analyst Jessica Welman<\/strong>,\u00a0\u201cThe path for more growth is clearer now. A major brand like DraftKings coming online, coupled with intense interest in the Sixers<\/strong>, Flyers<\/strong>, and Penguins<\/strong>, will almost certainly give a boost to the already steady growth we\u2019ve been seeing.\u201d<\/p>\n

* Sexist pig and fund manager Ken Fisher<\/strong> has lost another portfolio because he’s … well, Ken Fisher. Chicago<\/strong> has yanked $67 million<\/a> in police pension-fund holdings from Fisher, whose firm has hemorrhaged $3.9 billion to date. The biggest defector so far is the Michigan Pension Fund<\/strong>, which pulled $600 million from under Fisher. Being foul-mouthed is not Fisher’s only offense. His firm is reported to use “aggressive sales efforts, steep fees and a torrent of direct mail.” The Chicago cops’ administrators said Fisher’s douchebaggery was \u201cinconsistent with the core values and benefits of the fund and its board of trustees.\u201d<\/p>\n

Jottings<\/em>: Twin River Holdings<\/strong> has seen its stock decline 22% since Encore \"\"Boston Harbor<\/strong> opened. Ouch … Two casino developments on the Gulf Coast were nixed by a Mississippi<\/strong> judge. The decision hinged upon such fine points as whether the casinos were 800 feet from the water’s edge, where aforementioned edge actually was and whether the developers owned all the land down to shore, all niceties mandated by Mississippi law. In one case “there was actually several hundred feet of salt marsh between the site and the Bay St. Louis<\/strong> coastline,” reports Casino.org<\/strong>. Said Judge Christopher Schmidt<\/strong> said,\u00a0\u201cThe Gaming Commission<\/strong>\u2019s decision [not to issue licenses] was supported by ample evidence and was not arbitrary or capricious\u201d … Player\u00a0Luc Mooc<\/strong> and floor manager Prak Pich<\/strong>\u00a0(yes, those are their real names) have been charged with embezzling $200,000 from Red Hawk Tribal Casino<\/strong>, according to California<\/strong> Attorney General Xavier Becerra<\/strong>, who never saw a microphone he didn’t like. The duo allegedly conspired to have a line of credit extended to Mooc and then made to appear as though it had been repaid, although nothing of the sort took place. (Allegedly.) Bail was set, with poetic justice, at $200,000 apiece … South Dakota<\/strong>‘s new anti-drug slogan, “Meth. We’re on it” has inspired a torrent of hilarity. The state spent $449,000 of taxpayer money to come up with that boner.<\/p>\n

Bonus quote<\/strong>: From Environmental Action<\/strong>, “However, saying a plastic bottle is ‘recyclable’ is like declaring the Miami Dolphins<\/strong> could win the Super Bowl<\/strong>. Sure, it’s possible, but don’t count on it.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Pennsylvania sports-betting handle was $241 million last month, which translated into $19 million in revenue (a quarter\u00a0of which promptly went to the state). Mobile wagering accounted for $199 million or 82% of the wagering, up from 65% last July.\u00a0\u201cMost encouraging … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":8238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60,244,277,199,117,278,172,58,189,259,35,167,69,95,25,242,232,182,74,243,20,269,38,233],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/25390"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=25390"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/25390\/revisions"}],"predecessor-version":[{"id":28447,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/25390\/revisions\/28447"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media\/8238"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=25390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=25390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=25390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}