2014 Year in Review Casino and Online Gaming News
Casinos and online gambling site operators all over the world had their fair share of news and headlining events during 2014. We detail a few of the most memorable happenings below.
2014’s Top Vegas Jackpot: $14.2m Jackpot From Megabucks Slot
Las Vegas is known for being a place where fortunes can change hands in an instant, and in late 2014 one such story made headlines when a lucky player placed their wager on a Megabucks Slot machine at the Rampart Casino in Las Vegas and ended up with a $14.2m jackpot, perhaps the largest jackpot secured in Vegas this year. The nameless winner has vowed to donate the money to his church.
Atlantic City Experiences Worst Year On Record
2015 is just around the corner and Atlantic City casino operators can’t wait to get out of 2014. Reportedly the worst year to date, casinos are empty, like an old west ghost town, and many have dismal outlook for the world-renowned gaming destination. Four casinos closed this year as well, punctuating the 8th year of declining revenue, leaving 8 of the resort’s 12 casinos still in operation.
New Jersey Online Gambling Marks Its First Year In Operation
After passing regulation laws in 2013, New Jersey’s online gambling officials commemorate the institutions first year in operation. The numbers resulting from the first year in operation struggled to match the projected figures and many operators pulled out of their ventures by mid-summer. Marketing strategies, or lack thereof, bank’s refusal to process online gambling payments and other hurdles contributed to the dismal numbers.
FanDuel’s WFFC Champion Takes Home $2 Million From His $2 Stake
That’s right, a measly $2 stake in Scott Hansen’s fantasy football league turned out to be worth a whole lot more after the 15-week season. Hansen was a rookie at the fantasy game, having only played his first match in September. With a 1,000,000x ROI, he’s got to be happy he signed up. After having been flown out to the finals in a private jet to receive his check, he’ll go down in the history of the fantasy sports league as the largest winner to-date.
New York Inks Deal For First Casino Complex
Both Genting and Caesar’s Entertainment are ready to break ground following New York’s plan to erect a gambling complex within an hour’s ride from NYC proper. The project will inject jobs and an estimated $500m into state coffers. The NY state governor Andrew Cuomo stated he doesn’t have an opinion on who gets the licence, instead relying on a committee to select the most fit operator to erect a gaming and resort complex in the Catskills despite pleas against development from locals.
Gambling Reform In UK
The UK enacted a new set of tax laws applying to gaming establishments in December of 2014. Operators were made aware well in advance of the changes taking place, changes which directly affected General Betting Duty (GBD), Pool Betting Duty (PBD), and Remote Gaming Duty (RGD).
The Operators who work remotely and offer betting and gaming to UK consumers from outside the UK, as well as UK land-based betting business such as betting shops bore the brunt of the changes. Fortunately, consumers will not likely be feeling the difference going into the New Year and beyond.