NV Gov. Announces Casinos not Opening till phase 3 or 4
https://news3lv.com/news/local/gov-sisolak-unfortunately-were-going-to-have-to-extend-the-stay-at-home-order
Quote: NewtoTownJust curious, how does the Governor think people will make it? Guess as long as he gets his cushy check he's good.
When does the movement for a recall start???
Gov. Sisolak: Stay-at-home order will be extended, casinos to open in '3rd or 4th phase' (and NO date announced)
https://news3lv.com/news/local/gov-sisolak-unfortunately-were-going-to-have-to-extend-the-stay-at-home-order
Why are people so easy going about all of this?
It's looking like the Gov. is a DNC puppet to keep the economy closed to make sure it can't recover in order to what? That's right, keep Trump from getting reelected.
Hmmm, the other day he joined five other Democratic Govs/states to coordinate his efforts... translation, casinos will not be opening ANY time soon.
How are people gonna make it ?
Why are people easy going ?
Lol we are talking about casinos. Very non essential. Life goes on fine without them.
You’re acting like he cut off the food supply
Guess'in you are all good (maybe retired).
https://www.reviewjournal.com/business/nevada-unemployment-offices-silence-frustrates-cash-strapped-claimants-2016460/
Many people have been without funds for a very long time now-- whether or not they work for the casinos. The ripple effect is massive.
But again, guessing you are lucky and not even impacted (let alone aware of it).
Love to hear your opinion by private message however.
Hopefully, people will get serious when they get back to work and actually build up that three-month emergency fund they've been lectured about their whole adult lives.
Eight weeks puts us at pre Fourth of July.
Now consider:
The extra unemployment for gig workers and self employed which includes many casino jobs will no longer be available. (By the way you still can't sign up for this $600 per week.)
The extended unemployment insurance benefits for employees will no longer be available in eight more weeks.
Even regular unemployment insurance benefits for newly unemployed will be near exhaustion in eight more weeks.
Let's not ignore the "burn rate" of the casino companies. The companies themselves are losing millions a day.
You decide what's going to happen here.
Quote: rdw4potusI don't think that 600 payment is supposed to require any sign up. It's seamless and automatic here in MN. Get state unemployment this week? Cool, here 600 more.
The $600 unemployment payments to self employed and gig workers requires a sign up on the state unemployment insurance website. Sisolak says the earliest that these new claims can be accepted is May 15.
There is a separate $600 boost for those usually covered by unemployment insurance such as casino employees.
You are correct.
Quote: rdw4potusDude... Stop whining and do the same thing as service workers everywhere. Defer what you can, take state unemployment, get the extra federal money, and wait. Literally every casino in the USA is closed. So are dine-in restaurants, retail shops...
Awesome if I was an employee vs recently turned pro gambler.
Quote: AlanMendelsonIf the minimum time for a Phase is two weeks, and that's the absolute minimum, then casinos would not begin to reopen for a minimum of six weeks in Phase 3, and eight weeks in Phase 4.
Eight weeks puts us at pre Fourth of July.
Now consider:
The extra unemployment for gig workers and self employed which includes many casino jobs will no longer be available. (By the way you still can't sign up for this $600 per week.)
The extended unemployment insurance benefits for employees will no longer be available in eight more weeks.
Even regular unemployment insurance benefits for newly unemployed will be near exhaustion in eight more weeks.
Let's not ignore the "burn rate" of the casino companies. The companies themselves are losing millions a day.
You decide what's going to happen here.
That's what I'm talking about!
Way too many can’t get a hold of anyone to rectify or process their claim. The office imploded and the director resigned (fired) a couple days ago....basically admitting she was overwhelmed.
Clusterflunk.
It's like this everywhere. My exgf from a few years ago has been trying every day for weeks to get through on unemployment and hasn't been able to even get her call through last I have checked.Quote: TDVegasSisolak should have beefed up the unemployment office before he shut everything down. He knew or should have known there was going to be a staggering wave of unemployment sign ups.
Way too many can’t get a hold of anyone to rectify or process their claim. The office imploded and the director resigned (fired) a couple days ago....basically admitting she was overwhelmed.
Clusterflunk.
Quote: onenickelmiracleIt's like this everywhere. My exgf from a few years ago has been trying every day for weeks to get through on unemployment and hasn't been able to even get her call through last I have checked.
My son finally got through but he was on the phone for 3 hours. He called about 1am and got through at 4am.
Here in the Northeast, taxing casino revenue is a significant, substantial source of state revenue, perhaps more so than anywhere else (don't have figures to back it up, I just assume so).
It will be interesting to see how social distancing rules, which mitigate strongly against casinos, along with the inherent unsanitary condition of casino chips and slot machine touchscreens, are balanced against the never-ending need for state revenue.
The moral imperative of state governors to keep people safe is going to come slap up against the salary, pension and benefit needs of state employees, pensioners, and school teachers.
I wonder what kind of carve-out will be set in place for casinos, regardless of the color shown on the map of each state. I don't think red and blue will matter. Green, however, for sure.
Quote: NewtoTownAwesome if I was an employee vs recently turned pro gambler.
Yeah, who could have anticipated that a self employed person might go a few weeks without an income. I would think a professional gambler could live off his bankroll for a few weeks. What's left in your three month emergency fund?
Quote: TDVegasSisolak should have beefed up the unemployment office before he shut everything down. He knew or should have known there was going to be a staggering wave of unemployment sign ups.
Way too many can’t get a hold of anyone to rectify or process their claim. The office imploded and the director resigned (fired) a couple days ago....basically admitting she was overwhelmed.
Clusterflunk.
Really? You think he should have kept the public exposed and endangered for a few weeks while they revamped the states unemployment system?
How many thousand infected people would have come to Nevada during that time?
Funny thing about emergencies. They pop up at the least convenient of times.
Quote: NewtoTownI am a player (turned pro) who now depends on casino for $.
My understanding is that if you are a professional gambler, and have paid taxes as such, you should be eligible for the unemployment benefit? I assume you have been paying the unemployment tax like the rest of us? So now reap that benefit. Correct?
traditional " sources and conveniently forget to pay taxes on it. After years of screwing the government,and their neighbours, they are now upset the government isn't treating them the same as the people who actually follow the rules.
Quote: SOOPOOMy understanding is that if you are a professional gambler, and have paid taxes as such, you should be eligible for the unemployment benefit? I assume you have been paying the unemployment tax like the rest of us? So now reap that benefit. Correct?
Unemployment benefits come from a fund employers pay. Employees don't pay into it.
Quote: billryanUnemployment benefits come from a fund employers pay. Employees don't pay into it.
So if you are a business owner, and pay yourself a salary, you don't pay into that fund? I take it that as a professional AP you essentially are a business owner, right? You get to deduct expenses on your tax return, right? And pay self employment tax?
By the way, you do know what a joke that is? NY is paying out billions in UI, but took in millions from employers. It is just a government obligation to pay out the UI, just like police/fire/school/etc....
The media spokesperson of the Nevada Unemployment Dept responded to a,question from the Las Vegas Review Journal and said professional gamblers qualified for the NEW unemployment funds available to the self employed.
Meanwhile the State unemployment insurance website still hasnt started accepting applications from the self employed.
We don't know what the requirements are for professional gamblers, but it would seem to me that if you file a Schedule C you'd be qualified as a,self employed gambler.
Quote: TonyTwoEyesWhat is the Sports Betting KIOSK situation? Any chance there might be a few open on May 15 or May 16? NASCAR has a bunch of races starting on May 17th. It seems entirely reasonable that betting kiosks could be used while still maintaining social distancing. Does anyone have any thoughts? Is this just a degenerate pipe dream or do I have a shot to bet NASCAR on May 17th?
They aren't going to open casinos just for sports betting kiosks. That would be a gigantic waste of money. If you want to bet these sports when they resume, get a sportsbook app and bet on your phone. I know Indiana lets you bet on soccer in Belarus online where the league is running and the country is basically ignoring the virus.
Quote: TonyTwoEyesI was going to do the mobile app thing but William Hill said I need a sports book open to activate it for the first time.
Oh dang. I forgot about that requirement in NV. Indiana doesn't require that. Sorry about that. You unfortunately might be out of luck for the time being then. :(
Quote: AlanMendelsonLet me clarify the situation facing professional gamblers.
The media spokesperson of the Nevada Unemployment Dept responded to a,question from the Las Vegas Review Journal and said professional gamblers qualified for the NEW unemployment funds available to the self employed.
Meanwhile the State unemployment insurance website still hasnt started accepting applications from the self employed.
We don't know what the requirements are for professional gamblers, but it would seem to me that if you file a Schedule C you'd be qualified as a,self employed gambler.
Don't know what NV will come up with but in my state the application required that you provide them with a line item from your Schedule C (I'm self-employed and file a Sched C every year). Here they based my UI on that number, on top of which I got the CARES ACT $600. The normal rules don't apply ("Are you available to work? Are you looking for work?... and so on).
Self-employed people still cannot file for PUP (I think that's what they call it - Pandemic Unemployment Program. Geesh. Regular unemployment is an up-and-running system. Overrun right now with applicants, but that's only a function of volume. In my state they started taking applications on 4/6 and I got my first check a week ago.
Hang in there.
Quote: AlanMendelson
Let's not ignore the "burn rate" of the casino companies. The companies themselves are losing millions a day.
In order for someone to lose millions a day, somebody else has to make millions a day. Think about that...
If a casino is large enough and busy enough, I can't see how they can possibly keep up with wiping machines and everything else that's needed to be wiped down.Quote: racquetThis is not a political statement.
Here in the Northeast, taxing casino revenue is a significant, substantial source of state revenue, perhaps more so than anywhere else (don't have figures to back it up, I just assume so).
It will be interesting to see how social distancing rules, which mitigate strongly against casinos, along with the inherent unsanitary condition of casino chips and slot machine touchscreens, are balanced against the never-ending need for state revenue.
The moral imperative of state governors to keep people safe is going to come slap up against the salary, pension and benefit needs of state employees, pensioners, and school teachers.
I wonder what kind of carve-out will be set in place for casinos, regardless of the color shown on the map of each state. I don't think red and blue will matter. Green, however, for sure.
I hear some casinos are going to go to a cashless system where money is added to your players card and then you use that like a debit or credit card. Perhaps something similar to how the online casinos in Atlantic City work. This will not be good for Advantage players. Then again, it could present some other opportunity's but I'm not too hopeful on that.
It isn't for everybody, however, there are offshore books that for the most part are pretty reputable. You might want to look into that. I found one the other day. I deposited, played, cashed out, and everything went smoothly(my turnaround was like 2 days from deposit, playing to cash out). I didn't even have to verify my ID, address or anything like that, they basically just verified my mobile phone number via a text. I called them two times, they answered and more than helpful. The nice thing is with your initial deposit you have positive EV.Quote: TonyTwoEyesI was going to do the mobile app thing but William Hill said I need a sports book open to activate it for the first time.
Now they're sending me some free bets(it was for wagering on the horses) and other things with my very limited amount of action. I regret not depositing more and taking full advantage, but for the most part, I start off low until I get in at least one cash out.
Quote: AxelWolfIf a casino is large enough and busy enough, I can't see how they can possibly keep up with wiping machines and everything else that's needed to be wiped down.
I hear some casinos are going to go to a cashless system where money is added to your players card and then you use that like a debit or credit card. Perhaps something similar to how the online casinos in Atlantic City work. This will not be good for Advantage players. Then again, it could present some other opportunity's but I'm not too hopeful on that.
"This new system, called PlayOn, allows gamblers to collect casino chips using just a debit card, It eliminates the need to visit an ATM or the cashier’s window between hands. Patrons inside the casino are able to withdraw $50 to $3,000 using this system.
There is a $4.00 fee every time someone uses PlayOn. These gamblers will also be charged a 2.5% fee on the amount of money they withdraw. The system does not allow credit cards to withdraw money.
Now, The D Casino, The Palms, Golden Gate, and the Strat are all using this new system. It’s an exciting time to be a gambler in Las Vegas. It seems likely that more cashless gambling options will become available throughout the city soon."- can't find the link again
So we'll have cashless sytems, we'll have to wait in a line, provide id and and then pay $4 for the card and we'll also be charge a 2.5% fee on the money to withdraw money. We'll have to pay to park, 6/5 bj, triple zero roulette, and we'll have to wear a mask, we'll have to have our temperature taken. and pay a resort fee to stay at the casino? NO THANK YOU D!
Quote: KeyserIt’s an exciting time to be a gambler in Las Vegas.
Please tell me this is not dated in April or May!?
So only costs $1,029 to get $1,000 in chips? Sounds reasonable to me! (NOT)
https://www.pokernewsdaily.com/nevada-gaming-control-board-establishes-minimum-standards-for-reopening-casinos-33616/?fbclid=IwAR1dlPZyR2I-PxqmsNOUEzu_wsuvxEYREd6CsKJ5UtxtlUYfWbbx6eSb5d4
Quote: AxelWolfNevada Gaming Control Board Establishes Minimum Standards for Reopening Casinos
https://www.pokernewsdaily.com/nevada-gaming-control-board-establishes-minimum-standards-for-reopening-casinos-33616/?fbclid=IwAR1dlPZyR2I-PxqmsNOUEzu_wsuvxEYREd6CsKJ5UtxtlUYfWbbx6eSb5d4
If temporary this is at least a start. But there is no way that casinos can make money in the long term with those rules. Imagine any other business having to only have at a maximum half of their business running at any time. But their costs are not half. The poker dealer costs the same. The BJ dealer costs the same. The engineer costs the same.
Time to short casino stocks.....
Other tables, the minimums have to go up eliminating low minimum tables or the low limits that remain have to be converted to stadium gaming or electronic, there’s just no other realistic way with the guidelines.
Quote: mcallister3200For poker if they’re collecting the same max rake and the blinds/buttons just rotate through 4 players it’s not any different the price to play 4 handed for the players just essentially doubles just doesn’t have anything to do with house profit as long as they’re collecting the same blinds every hand, just change the rake cap. Tournaments would be gone though. Poker players aren’t going to play like that though mostly, poker rooms really just aren’t going to be opening for a long time if ever for the most part I don’t think probably just like three strip properties, the orleans and maybe one other local or DT room.
Other tables, the minimums have to go up eliminating low minimum tables or the low limits that remain have to be converted to stadium gaming or electronic, there’s just no other realistic way with the guidelines.
It's easy to say "raise minimums", but if casinos had the players that were willing to play at the higher levels the minimums would have been raised before the pandemic. You think the Orleans didn't want to have minimum $25 Blackjack tables last year? Of course they did, but they knew their clientele wouldn't support enough of them. If the Rio raises the minimum on Pai Gow to $50, I'm probably not playing.
As far as poker, I'm not a casino poker player, but I think being limited to 4 handed makes it not nearly as attractive a game for many players. Getting raked every 4th hand.... plus the tip.....
Slot players I think will be fine, but the volume of course will be down due to the rules.
State revenue.
I don't know how much the casino business provides to the state of Nevada, but almost everywhere else gambling is a significant source of state revenue.
Regulators will be more focused on sustaining the cash flow of casinos into state coffers than being worried about how often the casino disinfects the toke boxes.
There will be a lot of small-print boilerplate "guidance" about all of the new normal. But the never-ending need of state governments for money, along with the damage done to other sources of state revenue (loss of sales and income tax revenue from people who are out of work and cannot buy things) that will have them paying lip service to all these rules. Not right away. But soon enough.
Did this site offer odds on NASCAR?
Some offshore books I looked into only offered head to head betting on driver vs driver. Basically coin flip bets. None of the long-shot bets typical of Vegas, like Clint Bowyer 25-1 to win, were offered.
