Chicago Mega Casino on the Way

An Illinois senator said that a Chicago mega casino is in the final stages of negotiations. The city government will use the casino revenue for fire and police pensions. In fact, Senator Terry Link sponsored the gambling expansion deal. Also, the casino will have 4,000 gaming position, which is three times bigger than any existing casino in the state.

Senator Link said that the Chicago mega casino is part of the comprehensive deal creating six new casinos in Illinois. In addition, it will bring slot machines to existing horse racing tracks. As a result, they will turn into racinos.

The proposed bill will allow thousands of businesses to add one machine in their premises. The number of machines is equal to around six more casinos in the state. Although the proposed casino in Chicago will not be city-owned, the city will get 33 percent of the gross receipts. Other communities only get five percent.

How the Spanish Gambling Industry can Learn from the UK

Although Spain is by no means a greenhorn in the gambling industry, it is still lagging to the UK. The good news is that experts estimate the Spanish gambling industry will earn $1.22 billion by the year 2023.

Spain is relatively new to the online gambling market, which only became legal in 2011. On the other hand, the UK legalized online wagering for more than double the period of time. At present, it brings in nearly £5 billion to the country.

There are many things the Spanish gambling industry can learn from the UK. Also, there are aspects where the former is already shining.

Horse Racing Looks on Ways to Compete with Sports Betting

In the past, horse racing had a monopoly in betting. However, things have changed in recent years, and it is losing its place in the gambling industry. The sport has a tradition of fluctuating odds. In fact, odds can change until horses go out of the starting gate.

However, the legalization of sports betting in the US can bring change to horse racing. Fixed odds in horse racing can help it become competitive in the changing sports betting landscape. Proponents of horse racing became lazy and failed to innovate over time. As a result, it failed to adapt to the current gambling scene.

It is not the first time horse racing felt the pressure of losing its wagering monopoly. The first time was when lotteries became legal in the US. Then horse racing’s monopoly was challenged after the rise of casino gambling. In fact, some states had to subsidize horse racing to survive.