Reno Casinos Nevada

Reno Casinos Chugging Along

Casino revenues fell from last year, but Reno has a trick up their sleeve to keep their head above water.

Nevada’s total casino revenue fell flat during the month of February but still managed to rake in $1.02 billion. This revenue amount was down by .62% when compared to revenues made in February of 2018. Nevadans and those analysts from the Nevada Gaming Control Board reason the decline to less tourism due to severe winter weather.

Board senior analyst Michael Lawton shared that “every weekend it seemed like there was a large winter storm that impacted visitation and travel”. February is now the second consecutive month to report a decline in gambling revenue across the state. The state is hopeful as we progress into warmer weather that revenue will stabilize.

Reno casinos were also affected by these revenue declines. However, Reno venues are hoping to reverse any declines by amping up March Madness and their sports betting focus. The Grand Sierra Resort and Casino held a Grand Hoops viewing party on March 21st & 22nd to attract patrons, fans, and bettors. Tickets were low cost and included 2 drinks, cocktails, beer, a buffet for breakfast and lunch, and stadium-style food for dinner.

The Grand Sierra showcased their 130 TVs, bar, table seating, lounge area, and VIP rooms likely to attract returning visitors. Other Reno gaming venues, like The Row, followed suit and hosted their own NCAA men’s basketball viewing parties. It is very likely these Reno casinos will repeat this formula for the NBA Playoffs beginning April 13th.

Reno was also a recent campaign stop for Massachusetts Senator and Democratic Presidential Candidate Elizabeth Warren. During the Senator’s stop on Saturday, she expressed her concerns for expanded online gambling to The Nevada Independent believing that online gaming “presents a whole new set of challenges” which can be difficult for states to address themselves.

She continued by relaying her concern mainly sits with online undercutting state protections, which might allow children and addicts easy access to gambling.

Online casino gambling is the only form of online gaming not yet permitted in Nevada. The legalization of online casino gambling in Nevada could greatly benefit the state in terms of tax revenue and assist casinos will struggling attendance and revenue declines. However, Nevada’s major casinos are fearful they will be cannibalized by an online market, therefore, these efforts never come to true fruition.

However, Reno online gambling sites exist offshore that are licensed and permissible to use in Nevada.

computer keyboard poker chips

Benefits Of Offshore Gambling Explained

In the Biggest Little City in the World, gambling is a lucrative industry. This does not come as a surprise of course, due to the city’s location in the most pro-gambling part of the country. Reno residents are restricted to brick-and-mortar establishments, which may not sit well with players looking for legitimate online action. However, there is a way to engage in online gambling in Reno, including sportsbooks, casinos and poker—offshore betting sites.

Offshore gambling operators feature several incentives Reno residents may find attractive, For starters, online casinos accepting players in Reno host a wide range of game types, including slots, table games, video poker, specialties like Keno and Bingo and more. Offshore casinos utilize software developed by online gambling specialists. Each game runs on an easy-to-use interface and feature perks like Progressive Jackpots on slots.

Online poker options in Reno operate via a specialized secondary component to most comprehensive offshore gambling sites—most brands include casinos, poker and sports betting all in one. Reno residents can access different game types like Texas Hold ‘Em, Omaha and more. Offshore sites support tournament play, Sit N’ Go action and single games. There are even sections within the poker site dedicated to teaching you how to play and provide simple game strategies. Some brands allow you to track other players to keep up with your friends or favorite game counterparts. The poker interface is simple to use and lets players adjust their search filters with categories like table size, pot size, game type, etc.

Sports betting is a popular facet of gambling, especially in Nevada. Las Vegas is home to some of the most premier brick-and-mortar sportsbooks in the state. For Reno residents not wanting to make the drive, look for online sports betting action through a licensed offshore sportsbook. You will find a wide selection of betting lines and wagering types. You can even bet on the new Las Vegas Golden Knights, the state’s first major franchise. Mobile and live betting lines are also available.

So why use offshore gambling sites? If you like gambling from the convenience of your own home, offshore gambling sites provide a solid option. Game selection rivals that of the biggest casinos in the world, and new games are added frequently. Sports betting lines are constantly updated to keep in line with the latest matches and fixtures. One significant advantage is free play. Free play allows gamblers to familiarize themselves with casino and poker games before gambling any real money. It also provides opportunities to test out and develop new game strategies.

Perhaps the biggest perk with offshore gambling options are bonuses. Bonuses are free money rewards given to players for use within the casino, poker room or sportsbook. They are offered throughout the year and are designed as incentives to keep people playing. For example, players can get their deposits matched by a percentage up to a certain amount, or they can claim a rebate bonus after a bad beat of gambling. Land based casinos and sports betting destinations cannot provide the same sort of financial boost, or at least they don’t as often as offshore gambling sites do. There are also VIP tier systems that reward for players for their loyalty and frequent activity. Poker bonuses are typically offered incrementally. In any case, they help keep players in the loop and support gambling longevity.

Variance with financial options is another perk native to offshore brands. Land-based casinos won’t accept cryptocurrencies as payment, but offshore sites will. If you are looking to use other transaction methods outside of your credit/debit card or cash, offshore gambling sites have accommodating options for both deposits and withdrawals. Some other popular options include wire transfers, prepaid cards and money orders.

No matter if you are a novice or avid gambler, if online gambling interests you, consider trying a licensed offshore gambling site. These sanctioned brands are legal under US federal law and accept American players from all over the country. New players often receive welcome bonuses to get things started. You can browse through a site before registering for an account or depositing any money, so take a chance on something new.

American Gaming Association Logo

American Gaming Association Now Supporting Online Gambling

The American Gaming Association, a lobbying group for land-based gambling in North America, has recently issued a new Code of Conduct that includes language specific to online gambling. The AGA has normally strayed away from the topic, but the inclusion within the Code of Conduct marks online gambling’s status as legitimate in the eyes of the AGA. The overall goal of the revised Code of Conduct is to foster dialogue between gambling stakeholders on responsible gambling.

Founded in 1994 as a lobbying organization for the land-based casino industry, the AGA has increased in size and scope ever since. The group is made up of casino owners and executives, employees, gaming product company representatives, suppliers, tribal and commercial casinos and other stakeholders. The American land-based casino business is a $240 billion industry that supports over a million jobs. The AGA’s mission statement is “to be the single most effective champion of the industry, relentlessly protecting against harmful and often misinformed public policies, and paving a path for growth, innovation and reinvestment.” While an ambitious goal, the most recent development regarding online gambling is a testament to their drive.

The first Code of Conduct was drafted in 2003 and is frequently updated to maintain consistency with industry standards, including technological and legal developments. This latest revision addresses all forms of gaming, with special mention of both online and mobile gambling. You can find online gambling mentioned in the “Pledge To Our Patrons” part of the Code, specifically under the “…To Promote Responsible Gaming” section.  Premium Reno online gambling sites all include access to resources supporting responsible gaming.

It states that AGA members will have information on responsible gaming readily available on their websites. Another mention can be found in the “…To Prevent Underage Gambling and Unattended Minors in Casinos” section, where it states that AGA casino brands must communicate legal gambling age information through their web-based platforms. The updated Code also suggests more consumer protection methods that enhance transparency around casino games’ odds and payouts; transparency with casino advertising; and holding advertisers responsible for how they portray the probability of winning.

New Jersey is at the forefront of the domestic online gambling market, as they are one of 3 states to introduce legalized online gambling. When they authorized online casino and poker gaming, their Division of Gaming Enforcement took steps develop comprehensive consumer protections for both their online casino and poker sectors. In doing so, they set a precedent that the AGA is attempting to model.

The AGA began their Responsible Gaming Education Week in Atlantic City, New Jersey, and then moved on to Las Vegas. New Jersey is an interesting choice of location and showcases their newfound support of online gambling. Representatives of Caesars Entertainment and MGM Resorts were seen in attendance—another interesting point given they are 2 operators of online gambling sites.

This whole ordeal represents a change in perception from the AGA. Back in 2014, they opposed online gambling for fear of the online front stealing from land-based venues. New Jersey, Nevada and Delaware have shown that land-based casinos and online gambling sites can coexist, prompting the AGA to adopt a new point of view. Once the AGA begins lobbying as extensively for online gambling as they have for brick-and-mortar casinos, there may finally be significant progress on widespread legalization. Until then, there are legally sanctioned Reno online casinos that players can visit to enjoy online gaming.

eSports Betting Legal In NV

eSports Welcomed Into Nevada Law

A new bill has been signed into Nevada law by Governor Brian Sandoval that allows for wagers on eSports events. While not the first effort to bring eSports into the brick-and-mortar sportsbook fold, this is the first bill to be formally accepted and passed. Its effectual date is set for July 1, 2017.

Senate Bill 240, referred to as the “eSports betting bill”, expands the current Nevada gambling law to incorporate “other events” into its existing pari-mutuel betting activities, sports betting and horse/dog races. Competitive gaming falls under the vague umbrella category of “other events”. SB240 was debated in late March with the goal of ensuring the local gaming market would not be directly influenced by the introduction of eSports betting. The bill was backed by Senator Becky Harris.

Before SB240, Nevada gambling regulators permitted eSports betting and residents of big NV destinations like Las Vegas and Reno were able to place wagers through sportsbooks. However, eSports betting was technically not legal under state law. This bill grants the Nevada Gaming Commission the power to issue licenses permitting pari-mutuel betting and also the power to review all records of the eSports betting licensees.

eSports have become widely popular in recent years. The industry eventually drew enough clout to warrant the attention of bettors. The Downtown Grand received permission last year to take eSports bets, showcasing the state’s awareness of the growing market. SB240 is the first real instance of the state embracing the eSports community wholeheartedly and amending it into its legal gambling framework.

As mentioned earlier, there were previous options for eSports betting. These options include betting on eSports through legitimate online sportsbooks. Residents looking to begin placing wagers on eSports events can begin doing so through these legal sites. Betting lines will not be offered in the brick-and-mortar sportsbooks until sometime in July. The bill may go into effect on the first day of the month, but the bureaucratic process of granting licenses and establishing regulatory standards will take some time.

This decision is a pivotal one given the current sports betting climate online and offline. Nevada is only one of four states grandfathered in under the federal ban on sports betting known as the Professional and Amateur Sports Protection Act (PASPA). Despite the state’s status as a legal provider of single-game betting, eSports has been neglected by the Nevada gambling community. This is not surprising given that the eSports is relatively new, though it was only a matter of time before Nevada lawmakers decided to tap into this growing source of revenue.

Governor Sandoval and the Nevada Gaming Commission’s goal is turn their state into the premier eSports destination for both fans and bettors alike. There are tournaments hosted throughout the year and soon enough there will be brick-and-mortar betting options to go along with them. The state needed to establish and implement a regulatory framework before this could happen and that is exactly what SB240 accomplishes.

You can read the actual language of the legislation here:  SB240

Reno Casino Sign

A Lucky Day in Reno – Local Casinos Off The Hook On Tax Bill

Ever get a bill in the mail and wish you didn’t have to pay it? Imagine getting a bill in the mail from your car insurance company saying that they messed up your bill and undercharged you. Then it continues to explain to you that they have been given full legal right to go after you for the monies owed based on their own mistake. That’s exactly what happened in Reno with the county tax collectors, but it all got solved in the end.

Dating back to 2008, The Washoe County Commission in Reno, Nevada had been miscalculating and under-collecting gaming taxes from the areas Casinos. A third-party audit firm, Grant Thornton LLP, found the inconsistency in the books and notified the county that they had been under-collecting the tax revenues. It was decided by the Washoe Country Attorney General, Christopher Hicks, that the county did, in fact, have the legal capacity to retroactively bill the 4.8 million dollars to the casinos in order to collect those funds.

As it turns out, the Reno casinos will not have to find a way to pay the nearly 5 million dollars in back taxes. In a truly rare occasion, the local leaders chose instead, to take full responsibility for the financial slip up and not punish the venues because they messed up their own jobs. However noble that may seem, it’s not because they didn’t want to, but because their budget manager deemed it overly challenging and time consuming (and cost effective) for the county to consider going after an amount like that.

Washoe County Budget Manager Mark Mathers was quoted on casino.org,

““We believe that any attempt to retroactively collect . . . will be met with legal challenges with collections delayed for many years and involve a significant amount of staff time.”

He did also mention that it would be unfair, “For the County to retroactively attempt to collect millions of dollars of revenues from business owners who paid the amount they were billed, have closed their financial books and made a multitude of decisions based on their financial situation since then, which now could be severely disrupted, raises many questions and concerns.”

There are also over 340 commercial businesses that receive gaming tax bills each quarter that were also under-billed. Mathers continued explaining, “During the seven-year period that gaming taxes were under-billed, many of these operators have ceased operating, changed ownership (sometimes more than once), and the basis for their bill may have changed.”

However, Washoe county’s decision didn’t only impact them. The total amount due was $4,833,930, and of that, Washoe would have collected $3,221,467, while the remaining $1.6 million would have had to be redistributed to the local governments. For instance, the City of Reno stood to gain $743,265, while the City of Sparks was out $367,425, and the Truckee Meadows and North Lake Tahoe fire protection district departments would have received collectively, $346,960.