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@ronfritzDecember 14th, 2020 - 04:17pm@ronfritzA Catawba Indian Nation casino planned for North Carolina had a ground-breaking ceremony in mid-July. It now has a tentative date for the first phase of the project.
The tribe, which is based in South Carolina, plans to build and open an “introductory facility” by next fall, according to the Charlotte Observer. Called the “Two Kings Casino Resort in Kings Mountain,” it’s a roughly $300 million, 60,000-square-foot facility located about 35 milies west of Charlotte in Cleveland County.
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Tribal Administrator Elizabeth Harris said the facility will have at least 1,300 slot machines, according to the story in The Observer.
The casino is being contested by the Eastern Band of Cherokee Indians, which owns two casinos in western North Carolina and recently announced it has agreed to an amended compact with Gov. Roy Cooper to allow sports betting to move forward at its Harrah’s Cherokee casinos.
Although the North Carolina sports betting bill was passed in July 2019 by the General Assembly and signed into law by Cooper later that month, the process was delayed for more than a year while an amendment to the gaming compact was worked out between the state and the tribe. The coronavirus pandemic has been cited as one reason for the delay, according to a published report.
The law made in-person wagering legal at the Eastern Band of Cherokee casinos in Cherokee and Murphy. The compact still needs signatures from the governor, secretary of state and attorney general before being sent to the U.S. Department of the Interior’s Bureau of Indian Affairs and a 45-day public comment period needs to be advertised before it can go into effect, according to the Smoky Mountain News.
Kings Mountain Casino Progress
In March, the U.S. Interior department decided to put the Kings Mountain casino land in trust, allowing for the casino to be developed.
In late October, Cooper's administration received a proposal from the Catawbas on how it would run the casino, according to the Associated Press. The draft could become the basis for a gambling compact that lays out the games that would be offered and revenue the state would receive, the report said.
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The Observer said Cooper and the tribe have had discussions about a compact.
Record-Breaking Fiscal 2019 for Indian Gaming
The National Indian Gaming Commission reported last week that tribal casinos had record high revenues in the 2019 fiscal year, with gross gaming revenue at an industry-record $34.6 billion. That was an increase of 2.5% over the $33.7 billion recorded in fiscal 2018.
That was possible because casino reporting for the 2019 fiscal year ended before the coronavirus pandemic forced every tribal gaming operation across the nation to temporarily close. The revenue was determined by 522 casinos submitting independently audited financial reports, comprised of 245 federally recognized tribes in 29 states.
Nearly every NIGC region experienced growth with the Oklahoma City region seeing the largest increase of 7.7%.
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sharetweetcopy linkLink copied!WRITTEN BY@ronfritz<p>Ron joined TopUSCasinos.com as assistant managing editor in 2019 after nearly 13 years at The Baltimore Sun, including 12 as sports editor. He previously was sports editor at The News Journal in Wilmington, Delaware, for nearly eight years after serving as a news editor there for four years. After graduating from Bowling Green State University in Ohio in 1988, Ron started his career at the York (Pennsylvania) Daily Record as a copy editor, then assistant sports editor.</p>... Read MoreThe Casino 2021 Hindi Movie
<p>Ron joined TopUSCasinos.com as assistant managing editor in 2019 after nearly 13 years at The Baltimore Sun, including 12 as sports editor. He previously was sports editor at The News Journal in Wilmington, Delaware, for nearly eight years after serving as a news editor there for four years. After graduating from Bowling Green State University in Ohio in 1988, Ron started his career at the York (Pennsylvania) Daily Record as a copy editor, then assistant sports editor.</p>... Read MoreARTICLES YOU MAY LIKE
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IMDB Ratings : N/A
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In many ways, this image reflects the widening and deepening of the criminal underworld that Scorsese has been grappling with over the years, both broadening and deepening.
This documentary takes us through the rise of poker over the years and sheds light on the history of the game and its role in the criminal underworld. Meanwhile, the film keeps you in touch with two different poker players who deal with an online game in different ways, with different objectives and different outcomes.
The Player tells the story of one of the best players ever to have played on the Vegas casino floor, Jack Johnson. Johnson is known for squandering $15 million in a single night. The story is even more intriguing because Johnson was playing a table game known as low winnings.
The Bet, Raise, and Fold is a film documenting the rise and fall of online poker. The film begins with Johnson’s rise to the top of the poker world in the early 2000s and takes us on an entire journey that ends in disaster for most players on Black Friday in April 2015.
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At the casino hotel in Montecito, we follow a crack surveillance team that monitors the goings-on in the casino.
The show captures brilliantly the glitz and glamour of casino life, but also the dark side, which is not without blemish.
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Satre led a wave of gaming growth in the 1990s, expanding Harrah’s from four casinos in two states to 26 casinos in 13 states. The fact that it now operates 26 casinos in 13 states has enabled the gambling company to achieve a record turnover of $1.5 billion annually and a net profit of over $2.2 billion.
Satre’s vision differed markedly from that of his competitors, whose philosophy focused on 'When you build it, they come” to lure customers to the fantasy land of Las Vegas. They invested heavily in building expensive ciders - see casinos, which offered dazzling shows aimed at a wider audience than just gamblers. It was hoped that such facilities would attract more and more new customers.
Over the years, agents and leaders of the organization have witnessed a massive increase in casino gaming and commerce, as well as the growth of gambling as a whole.
PRnewswire wanted more information about how the sports shutdown affected the online casino game. The company’s revenue results show that sports bets were turning to casino gaming in droves. Overall, casino revenue rose from the day the NBA ended its season to the end of May, with revenue up $1.2 billion, or nearly 20 percent.
It was tersely stated that the most important link between the underworld and Vegas was the pension fund Teamsters Union, which was the sole source of credit for the construction of the casino.