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Atlantic City Nightclubs – What This Means for Atlantic City Casinos: Borgata Premier Nightclub to Close After 10-Year Run

End of an Era for Atlantic City Casinos: Borgata Premier Nightclub to Close After Nearly 10-Year Run

The legendary nightlife scene is shifting as the Premier Nightclub at the Borgata Hotel Casino & Spa prepares to close its doors after nearly a decade. Summary:
The legendary nightlife scene is shifting as the Premier Nightclub at the Borgata Hotel Casino & Spa prepares to close its doors after nearly a decade, with its final performance scheduled for August 31, 2025. This closure marks a significant turning point for the local entertainment landscape, signaling a new era for Atlantic City casinos as they evolve to meet changing guest expectations. This article explores the venue’s illustrious history, the impact of its departure, and how the Borgata is utilizing ongoing renovations to solidify its reputation as a premier destination among Atlantic City casinos.

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  • Premier Nightclub at Borgata is closing
  • Premier will host its final show on August 31
  • MGM hasn’t disclosed what will replace the popular nightclub

After almost ten years of electrifying nightlife, the Premier Nightclub located within Borgata Hotel Casino & Spa in Atlantic City is closing its doors. Since its opening in April 2016, this 18,000-square-foot venue designed by renowned interior designer Josh Held has served as a hotspot for many of the world’s top DJs, helping to propel Atlantic City into a vibrant nightlife scene.

Borgata Club
James Kennedy plays Premier Nightclub at Borgata Atlantic City on Oct. 20, 2024. The nightclub venue at the MGM Resorts casino is closing Aug. 31, 2025. (Image: Premier Nightclub)

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Over the years, Premier has hosted an array of high-profile performances, including frequent shows by DJ Pauly D, Laidback Luke, and Timmy Trumpet. The closure, officially set for September 1, will also mark the end of an era for the many guests who frequented this beloved venue.

“We are incredibly grateful to our dedicated team who brought Premier’s energy to life night after night and to our loyal guests who have played a pivotal role in making the venue one of Atlantic City’s most iconic nightlife destinations,” said Nik Rytterstrom, Borgata’s president and chief operating officer.

The nightclub was part of a $14 million investment made by MGM Resorts at the Marina District property, following its purchase of Boyd Gaming’s 50% stake in the resort for $900 million. The farewell shows by Timmy and the Stafford Brothers are eagerly anticipated by fans, and will precede what will be a significant change in the Borgata landscape.

Borgata Revamp

As a response to increasing competition from nearby casinos like Hard Rock and Ocean Casino Resort, Borgata is investing heavily in property-wide upgrades to ensure it retains its spot as the top performer among Atlantic City casinos. The hotel’s expansion efforts include:

  • A $55 million upgrade and rebrand of the Water Club hotel tower to the MGM Tower.
  • A $10 million refresh for various amenities across the resort.
  • An overhaul of the casino floor, adding a 25,000-square-foot Asian gaming area, complete with multilingual hosts.
  • A redesigned B Bar and the introduction of a new restaurant called Noodles, influenced by MGM’s Bellagio in Las Vegas.

These changes are reflective of Borgata’s commitment to evolving its offerings and attracting diverse clientele in a growing market.

Borgata Profits

Despite a reported decline of 8% in gross operating profit to $208.6 million last year, Borgata remains a strong competitor in Atlantic City, significantly outpacing Hard Rock, which made $135.5 million during the same period. In contrast, Ocean Casino was the only other property to break the $100 million profitability mark, yet its performance represented a 14% year-over-year decline.

In the first quarter of 2025, Borgata disclosed a profit of $48.2 million—an unfortunate 7% drop from the previous year—while Hard Rock improved slightly, reporting a 3% gain at $27 million.

As the closure of Premier Nightclub draws close, Borgata’s ongoing renovations and strategic decisions position them well for the future, ensuring they keep their place at the forefront of Atlantic City’s gaming and entertainment scene.

For more information about Borgata and updates regarding its future plans, stay tuned!

Frequently Asked Questions

Why is the Premier Nightclub closing?

The closure comes after nearly a decade of operation as Borgata undergoes renovations.

What will replace the nightclub?

MGM has not disclosed what will replace the nightclub yet.

What changes are happening at Borgata?

Borgata is investing in multiple renovations to improve the guest experience across the casino.

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How Casino Security Protocols Failed: New York Man Sues After Jake’s 58 Shooting

Lawsuit Filed Following Shooting at Jake’s 58 Casino: A Major Breakdown in Casino Security

A recent lawsuit alleges that both the casino and the county failed to implement rigorous casino security measures, leaving guests vulnerable to preventable risks.

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  • Victim wounded in targeted shooting outside Jake’s 58 Casino
  • Suspect arrested months later faces attempted murder charges

A man from Suffolk County, New York, named Steffan Bumpers, was shot in what prosecutors describe as a targeted attack outside Jake’s 58 Hotel & Casino. Bumpers alleges that negligence on part of both Suffolk OTB, which owns the casino, and Suffolk County led to inadequate security measures, contributing to the incident, as reported by Newsday.

Jake’s 58 Casino
Jake’s 58 Casino was the scene of a shooting which the victim believes could have been prevented.

Multiple Shots Fired

On May 31, 2024, Nashawn Legros, aged 24, reportedly observed Bumpers approaching the entrance of Jake’s 58 from his vehicle in the casino parking lot at around 10:16 pm. Allegedly, Legros exited his vehicle and fired multiple shots at Bumpers, hitting him in the chest and abdomen. Despite his injuries, Bumpers managed to stagger into the casino where he collapsed, receiving emergency assistance from both staff and patrons before being transported to a nearby hospital for surgery.

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The incident was described as a deliberate attack by prosecutors. Following the shooting, Legros abandoned the vehicle he had driven, a car that was not authorized for his use, before disappearing from the scene.

Nearly three months later, Legros was apprehended by law enforcement officials in Riverhead, approximately 30 miles east of the casino. He was subsequently arraigned in Suffolk Supreme Court where he pleaded not guilty to several charges, including attempted murder and criminal possession of a weapon. Bail was set at a staggering $1 million cash or $10 million bond.

‘Permanent Trauma’

The lawsuit filed in Suffolk County Supreme Court attributes negligence in staffing, training, and hiring of security personnel as contributing factors to the shooting, leading to what Bumpers claims is “permanent” physical and emotional damage.

Bumpers contends that he has experienced “painful and serious injuries” affecting various parts of his body, leading to emotional and psychological trauma as per the complaint. The lawsuit does not outline a specific amount for damages but also includes Legros as a defendant for inflicting injuries “in a diabolical and devious manner.”

Both Suffolk OTB and Suffolk County have abstained from providing comments regarding the ongoing case amidst the allegations of security negligence, which has raised questions about the overall safety measures in place at and around the casino.

Key Takeaways:

  • The incident raises significant concerns regarding security in casinos and public venues.
  • Legal ramifications may lead to further scrutiny of safety protocols in gambling establishments.
  • The outcome of the lawsuit could set important precedents for future cases involving similar allegations.

As more details emerge, this case highlights the critical need for enhanced safety measures in venues that serve the public, especially in areas associated with gambling and entertainment. Ongoing discussions regarding security protocols will likely shape the standard practices of casino management going forward.

In summary, the lawsuit against Jake’s 58 Casino reflects serious allegations of inadequate security that led to life-changing injuries for Steffan Bumpers. As the legal process unfolds, attention will be focused on the implications for casino security standards not just in New York but across the country.

Frequently Asked Questions

What is the lawsuit about?

The lawsuit claims negligence in security led to a shooting incident at the casino.

What happened in the shooting?

The victim was shot during a targeted attack outside Jake’s 58 Casino.

What are the implications of the lawsuit?

This lawsuit may prompt a review of security protocols in casinos nationwide.

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Electronic Gaming Takeover: Golden Gate Vegas to Replace All Live Table Games | 10BET

The Golden Gate in Vegas Shifts Focus to Electronic Gaming by Replacing All Live Table Games

The Golden Gate Casino, located in downtown Las Vegas, has announced the replacement of all its live table games and dealers with electronic gaming alternatives. This move aims to innovate the gaming experience for patrons, with Circa Hospitality Group which oversees the property, confirming these exciting changes.

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Key Changes to the Casino Floor

  • Transition to Electronic Gaming: The Golden Gate is overhauling its gaming floor entirely by removing traditional live table games.
  • Introduction of New Technology: Players can expect a new electronic games pit that promises a high-energy atmosphere, a first for the downtown area.
  • Keeping Jobs in the Casino: All employees associated with table games will not lose their jobs; they will be offered positions at Circa or the D, or the chance to explore other roles within the company.

The Rationale Behind the Shift

This transition aligns with the growing trend among casinos, as many are adopting electronic gaming options to meet the changing preferences of the gaming audience. Statistics show that:

  • The demand for live table games has been on a steady decline over recent years.
  • The operational costs of maintaining live table games are significantly high.
  • Casinos that have fully transitioned to electronic games, like Casino Royale, have seen positive feedback from their patrons.

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Community Response

While excitement grows around this shift, reactions have been mixed. Some long-time visitors to the Golden Gate have expressed their dissatisfaction:

  • Comments on social media reflect a nostalgic worry, with many feeling that losing live games diminishes the authentic casino experience.
  • “Golden Gate with live tables feels like Sinatra without the suit,” said a local observer, highlighting the sentimental value of traditional gaming.

Looking Ahead

Derek Stevens, owner of Circa Hospitality Group, shared his thoughts on the change: “Eventually, people move on, especially when innovative experiences are delivered. The new setup at Golden Gate will help us create one of the coolest vibes in Vegas.”

Despite concerns about the loss of live table games, the introduction of advanced electronic gaming technology aims to redefine the casino experience for all visitors. It reflects a broader trend in the gaming industry that prioritises efficiency, speed, and enhanced player engagement.

Summary

The Golden Gate Casino is making notable changes by completely replacing its live table games with cutting-edge electronic gaming options. This decision aims to cater to the evolving preferences of gaming enthusiasts while ensuring that all existing employees will retain their positions. As the casino embraces technology, there are both positive and negative sentiments from the community, aiming to blend innovation with tradition in the heart of Las Vegas.

Frequently Asked Questions

What changes are happening at Golden Gate Casino?

All live table games are being replaced with electronic gaming alternatives.

How will this affect employees?

All employees associated with table games will retain their positions within the company.

What is the community’s response to this change?

Community responses are mixed, with some expressing nostalgia over losing live table games.

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Top Sports Betting Picks: Scherzer vs. Kershaw MLB Showdown Tonight | 10BET

Top Sports Betting Odds: Scherzer Versus Kershaw Tonight in L.A.

  • Most bets on Blue Jays for tonight’s game against Dodgers
  • Future Hall of Famers Scherzer and Kershaw meet for the 4th time in their careers
  • “3,000-K Club” showdown tonight at Dodger Stadium

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While the NFL prepares for its upcoming pre-season, a major spotlight is shifting toward Dodger Stadium, where the high stakes of the diamond mirror the adrenaline found in sports betting. Two future Hall of Fame pitchers, Max Scherzer and Clayton Kershaw, are set to clash in a battle between MLB leaders, offering fans and bettors alike an incredible opportunity to analyze the matchup and place their wagers.

Dodger Stadium
Blue Jays’ Max Scherzer and the Dodgers’ Clayton Kershaw are ready to go head-to-head tonight in Los Angeles. Image/Shutterstock.

3000+ Strikeouts

Scherzer, now 41 years old and pitching for the Toronto Blue Jays, will face the Dodgers’ Kershaw in a matchup that marks the fourth time these elite pitchers have met since their first clash in 2008. At that time, Scherzer was a 24-year-old with the Arizona Diamondbacks while Kershaw was just a 20-year-old rookie with the Dodgers.

This game will kick off at 10:10 p.m. EST. Remarkably, Scherzer and Kershaw are the first duo in MLB history to start against each other as rookies and both accumulate over 3,000 career strikeouts.

Blue Jays on a Roll

The Blue Jays currently lead the American League East with a record of 68-48, four games ahead of the Boston Red Sox. Their recent performance includes a three-game sweep against the Colorado Rockies, scoring an impressive 45 runs on 63 hits. Meanwhile, the Dodgers are clinging to first place in the National League West with a 66-49 record, although they’ve struggled lately, dropping a three-game series against the St. Louis Cardinals.

Dodgers Hanging On

The San Diego Padres sit in a tight second place, just two games behind the Dodgers, bolstered by significant roster improvements during the trade deadline. Scherzer, having signed a one-year, $15 million contract with the Jays last offseason, experienced a rocky start to his season due to thumb issues. Recently, he has found his rhythm with 44 strikeouts over 41 innings in eight starts, boasting a 4.39 ERA and a solid 1.05 WHIP.

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Kershaw, on the other hand, currently holds a 3.29 ERA across 65.2 innings, with 42 strikeouts and a WHIP of 1.25. His season has also been affected by injuries, including during the Dodgers’ World Series run last season.

Hall of Famers

Both pitchers have illustrious careers filled with accolades. Scherzer, a World Series champion in 2019 and 2023, has won three Cy Young Awards and thrown two no-hitters. He boasts the record for the most strikeouts (20) in a 9-inning game and the most consecutive seasons with 230+ strikeouts (8). His career ERA stands at an impressive 3.18.

Similarly, Kershaw is a World Series champion (2020) and a three-time Cy Young Award winner. He is noted for his no-hitter and for being the NL MVP in 2014, in addition to winning the pitching triple crown in 2011. His career ERA is remarkably lower at 2.52.

This clash is generating considerable buzz, and sportsbooks are taking note. ESPN Bet has dubbed it the “3,000-K Club Showdown.”

Scherzer Strikeouts: A Hot Bet

According to a spokesperson from Casino.org, the bet on Scherzer recording over five strikeouts (-220) is the fourth most popular prop bet for tonight’s game. It trails behind prop bets like Shohei Ohtani hitting a home run and Bo Bichette over 1.5 hits. Additionally, Scherzer’s option of nine or more strikeouts (+900) is the second most bet player prop.

Regarding the balanced line of 5.5 strikeouts for Scherzer (O +105, U -140), an astounding 73.9% of bets and 66.4% of handle are on the over. Kershaw’s most balanced line of 2.5 strikeouts (O -175, U +125) shows that 84.6% of bets and 98.1% of handle are also betting for the over.

Most Bets on Jays

This evening, First Take: First Inning offers odds at ESPN BET for both Scherzer and Kershaw to record a strikeout in the first inning, list price boosted from Even to +135.

In terms of the game’s outcome, 53.2% of bets and 71.2% of handle are favouring the Blue Jays by Money Line, and 62.4% of bets and 81.1% of handle are on Over 8.5. Overall, 73% of Moneyline bets are on the Jays, and BetMGM sees 72% of bets on the spread bet Jays +1.5.

Lastly, nearly 80% of bets at FanDuel are leaning towards the Blue Jays to secure a win tonight.

In summary, with the fiery rivalry heating up at Dodger Stadium, the game between Scherzer and Kershaw promises to deliver thrilling action for fans and bettors alike. With outstanding stats and recent performances, tonight’s matchup could be game-changing for both players and their teams.

Frequently Asked Questions

What is the significance of the Scherzer vs. Kershaw matchup?

This game features two future Hall of Fame pitchers squaring off for the fourth time.

Which team is favored in the betting odds?

The Blue Jays are favored by most betting lines as they lead in their division.

What are the key statistics to watch for?

Both pitchers have impressive strikeout records and recent performances that could influence bets.

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Casino Security Breaches: Genting Highlands Fugitive Wanted for $630K Chip Theft

Casino Security Breach: Genting Highlands $630K Chip-Theft Fugitive Still on the Run

The recent theft of approximately US$630,000 in chips from Genting Highlands, one of Malaysia’s largest gaming destinations, has raised urgent questions regarding the effectiveness of internal casino security. The recent theft of approximately US$630,000 in chips from Genting Highlands, one of Malaysia’s largest gaming destinations, has raised urgent questions regarding the effectiveness of internal casino security. Former junket worker Victor Lee is currently on the run after allegedly exploiting vulnerabilities to bypass standard safeguards, prompting a massive manhunt. As authorities suspect Lee has fled to Thailand, they are working closely with border security and Interpol to determine how this breach occurred and to ensure that casino security protocols are tightened to prevent such high-stakes losses in the future.

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Key Details of the Incident

  • Confiscated Chips: The stolen chips were taken on August 2 from a restricted area at the resort, located about 35 miles north of Kuala Lumpur.
  • Cashing Out: Lee managed to cash some of the stolen chips before making his escape; however, the full amount exchanged remains undisclosed.
  • Suspicions of Accomplices: Police are investigating potential accomplices who may have assisted in cashing out the stolen chips.

Background on the Theft

Victor Lee, aged 44, was employed as a junket operator, which allows high-stakes gamblers to play under exclusive conditions. This type of role typically provides access to sensitive information regarding casino chip handling and security protocols.

Modern casinos employ advanced technology, including RFID tracking and unique serial numbers, to monitor high-value chips. However, lower-denomination chips can be harder to trace, making it easier for thieves to redeem them if mixed with legitimate gaming transactions.

The Role of Junket Operators

Junket operators like Lee are crucial to casino operations as they facilitate high-stakes gambling by arranging travel, accommodations, and private gaming experiences for their clientele. Their extensive knowledge of casino operations may have provided Lee with an advantage in executing the theft without immediate detection.

Investigations Underway

The investigation began when a manager noticed the missing chips and reported them to the police. By the time the loss was confirmed by security, Lee had already crossed the border.

As the police chief, Datuk Seri Yahaya Othman, stated, “Further investigations are ongoing, and we are actively pursuing any accomplices who played a role in the chip exchanges.” With the case attracting attention, the authorities are intensifying their efforts to bring Lee back to justice.

Conclusion

The theft of casino chips valued at over $630,000 is a serious breach that highlights the vulnerabilities in casino security systems, especially concerning chip handling. The situation also illustrates the potential risks involved with junket operations, where insider knowledge can provide both opportunities and illegal avenues for misconduct. As investigations continue, the focus remains on tracking down Victor Lee and laying the groundwork to prevent future incidents of this nature.

Furthermore, authorities may consider implementing stricter controls and monitoring practices to secure casino assets more effectively, ensuring that similar incidents are less likely to occur in the future.

Frequently Asked Questions

What happened in the Genting Highlands theft?

Approximately $630,000 in casino chips were stolen by a fugitive known as Victor Lee.

Who is Victor Lee?

Victor Lee is a former junket worker alleged to have exploited casino vulnerabilities to steal chips.

What measures are being taken post-theft?

Authorities are enhancing casino security protocols and investigating potential accomplices.

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WNBA Betting Controversy – Sports Betting Controversy: Polymarket Denounced for WNBA Sex Toy Throwing Odds | 10BET

From Prediction Markets to Sports Betting: Polymarket Faces Backlash Over WNBA Wagers

  • There’s been a sudden increase in sex toy throwing incidents at WNBA games
  • Polymarket has faced backlash for facilitating bets on these events
  • Contracts are still available for upcoming games

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Many WNBA fans have expressed outrage as Polymarket, a prediction markets operator, has begun expanding its influence into the realm of sports betting by offering wagers on the increasing incidents of sex toy throwing at league games. Many WNBA fans have expressed outrage as Polymarket, a prediction markets operator, has begun expanding its influence into the realm of sports betting by offering wagers on the increasing incidents of sex toy throwing at league games. These decisions have not only shocked fans but have also ignited intense discussions in the court of public opinion regarding the ethics of such niche markets.

WNBA Incident
Members of the Las Vegas Aces. Polymarket is under scrutiny for allowing bets on sex toy throwing at WNBA games. (Image: AP)

Since late July, there has been a spike in incidents involving fans throwing sex toys during WNBA games. A recent occurrence at the Phoenix Mercury game led to the arrest of a spectator after a toy hit a man and injured his nine-year-old niece. Despite the growing concerns, Polymarket has continued to engage in this controversial activity.

Recently, Polymarket’s Sports X account made a rather provocative announcement: “Dildo dailies! You can now bet on which day(s) dildos will hit the WNBA court.” This statement sparked further outrage from critics who believe it trivialises the players’ efforts.

Feedback has been overwhelmingly negative from WNBA supporters. Many have noted that while the act may seem humorous to some, it ultimately disrespects the players and the integrity of the game. In their perception, betting on something as controversial as this raises ethical concerns and promotes negative behaviors.

Popularity of WNBA Sex Toy Throwing Bets on Polymarket

This peculiar betting market has proven to be surprisingly lucrative. As of Thursday, over $500,000 worth of bets related to sex toy incidents have been placed, demonstrating the strange reality that some are willing to bet on the bizarre. Interestingly, recent reports indicate that betting on sex toy incidents has attracted more activity than bets associated with actual WNBA games.

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Despite facing harsh criticism, Polymarket has chosen not to retract the contracts. The weekend slate for these events is lively, with nearly $63,000 in transactions reported for upcoming Friday games. Some bettors seem to lean toward ‘no’ wagers regarding these incidents.

Sex Toy Throwing at WNBA Game
Sex toy throwing bets on WNBA games remain popular on Polymarket. (Image: Polymarket)

Individuals considering these event contracts should be aware of a specific qualifier affecting bet resolutions: “This market will resolve to ‘Yes’ if an object shaped like an erect penis is thrown during a listed WNBA game on the declared date. If no such object is thrown, it will resolve to ‘No.’” This specification has raised concerns about what constitutes a qualifying item.

Memecoin Group Behind Some WNBA Incidents

While Polymarket is facing backlash, it’s not the sole operator venturing into this bizarre betting market. Other offshore betting companies have entered this space as well, offering fans several options to place bets on sex toy-related incidents. As the interest surrounding these markets grows, insiders have indicated that some of the recent sex toy throwing incidents may be linked to a memecoin known as Green Dildo Coin.

This memecoin surged by nearly 86% recently, highlighting the intersection of cryptocurrency and bet-making in today’s gaming environment. The involvement of this memecoin in these betting events exemplifies the lengths to which some individuals will go in pursuit of profit.

As discussions continue, it is important for bettors to understand the potential ramifications of engaging in such activities. Will these betting markets encourage disrespectful behavior at sporting events? Or are they simply a reflection of the evolving landscape of sports betting in a digital age?

Conclusion

The recent decision by Polymarket to allow bets on sex toy throwing incidents has raised important ethical questions about the future of sports betting. Through examining the implications of this type of betting, we can better understand how it affects the integrity of sports and the community around it. It is clear that some bettors are eager to engage with the unusual, but at what cost to the sport and its values?

Whether this trend will continue to flourish remains to be seen. However, as long as there is a market, companies are likely to explore even the most unorthodox betting themes.

Frequently Asked Questions

What sparked the outrage against Polymarket?

Polymarket allowed bets on sex toy throwing incidents at WNBA games, which fans found disrespectful.

What were the incidents reported?

There has been a surge in fans throwing sex toys during WNBA games, leading to arrests.

How has Polymarket responded to the criticism?

Despite backlash, Polymarket has not retracted the betting contracts for these incidents.

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From Casino to Coral: How the Former Lawrenceburg Riverboat Casino Will Become Alabama’s Largest Artificial Reef

From Riverboat Casino to Artificial Reef: The Transformation of the Former Lawrenceburg Riverboat Casino

  • A former Indiana riverboat is set to become an artificial reef in Alabama
  • The former Argosy Lawrenceburg Casino has called Alabama home since 2018
  • Artificial reefs promote marine life and provide coastal protection

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A former Indiana riverboat is set to become an artificial reef in Alabama. A former casino riverboat that operated in Indiana along the Ohio River for over a decade is heading for its next chapter as it is set to become the largest artificial reef off Alabama’s Gulf Coast. The Argosy Casino Lawrenceburg, previously a popular riverboat casino, is being readied to sink into the waters near Bayou La Batre.

Artificial Reef Plans
The Argosy Casino Lawrenceburg is pictured in January 2018 before it set sail for the Alabama Gulf Coast. The former Indiana casino riverboat is being readied to become an artificial reef in Bayou La Batre.

According to Alabama Marine Resources, which communicated with WRKG News 5, this formerly active riverboat casino has been docked for years at the Bayou La Batre City Docks. This location is home to two former riverboat casinos, but the larger vessel is now slated to become an artificial reef.

“I’m thinking by October this thing will be on the sea floor,”

said Robert Akridge, who has been overseeing the dismantling of the four-story floating casino. “Our job is to gut it out and make it an iron shell to put at the bottom of the sea floor.”

Russell Rigby of Alabama Marine Resources expressed optimism regarding the project, stating, “If our marine resources can execute an agreement to turn one of the barges into a reef, that would be our goal. We’re working hard towards that goal, and we believe it is achievable.”

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The Former Argosy Casino

The boat slated for sinking was the Argosy Casino Lawrenceburg. This floating casino opened its doors back in December 1996 and stayed anchored to the Ohio River bank in Lawrenceburg, located roughly 15 air miles west of Cincinnati until 2009, when it was swapped out for a larger barge by Penn Entertainment.

Previously known as Penn National Gaming, the company transformed its Indiana operation into Hollywood Casino Lawrenceburg. In 2008, during its final full year of operation, the Argosy welcomed over 1.7 million visitors, housing 76 table games and 2,500 slot machines.

While it continued to float, the Argosy remained inactive for about a decade after its gaming operations were halted. Penn finally sold and transported the dormant vessel to the Bayou La Batre City Docks in January 2018.

In a recent announcement, the Mobile County Commission has allocated $24.4 million for redevelopment at the BLB City Docks that includes upgraded docks, boat slips, aesthetic enhancements, and more secure parking areas. This funding is part of the 2012 RESTORE Act aimed at long-term recovery following the Deepwater Horizon oil spill.

“The Deepwater Horizon spill was devastating to Bayou La Batre. This project embodies the restoration goals set forth by the RESTORE Act, enabling visible recovery in regions that need it most,” commented Chris Blankenship, commissioner of the Alabama Department of Conservation and Natural Resources.

Preventing Future Incidents

Historically, the two former casino riverboats at Bayou La Batre have faced challenges, even breaking free during storms, causing damage to nearby properties. However, the BLB City Docks project aims to mitigate such risks, ensuring these vessels are more securely moored.

Moreover, artificial reefs are known for providing crucial habitats and shelter to marine life, enhancing biodiversity and supporting local fishing communities while also contributing to coastal protection.

As this exciting project progresses, it is a testament to the innovative ways communities are finding to recycle and repurpose structures while aiding environmental efforts and economic recovery.

Summary: The Argosy Casino Lawrenceburg is set to be transformed into the largest artificial reef in Alabama, positioned in Bayou La Batre. This project not only serves the purpose of creating a new habitat for marine life but also exemplifies a sustainable approach to repurposing old structures and enhancing coastal protection, following significant investments in the area’s infrastructure.

Frequently Asked Questions

What will the former riverboat casino become?

It will be transformed into the largest artificial reef off Alabama’s Gulf Coast.

Why is this project significant?

It promotes marine life, provides a coastal protected area, and recycles an old structure.

Who is overseeing the project?

The project is overseen by Alabama Marine Resources and aims for completion by October 2023.

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Flutter Entertainment Growth – Flutter’s Growth in Online Sports Betting Drives Q4 Share Repurchases of up to $245 Million

Flutter Boosts Market Presence: Why Investors are Watching Online Sports Betting Growth Amid $245 Million Share Repurchases

As a global leader in the gaming industry, Flutter Entertainment is doubling down on its market dominance in the booming sector of online sports betting. As a global leader in the gaming industry, Flutter Entertainment (NYSE: FLUT) is doubling down on its market dominance in the booming sector of online sports betting by announcing plans to repurchase up to $245 million of its stock in the fourth quarter of 2025. This strategic move is part of a significant $5 billion multi-year share buyback program, designed to strengthen the companys financial position and enhance shareholder value as they continue to scale their digital wagering platforms worldwide.

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Key Highlights of the Repurchase Program

  • Share Repurchases Could Reach $1 Billion This Year: Flutter has indicated that it expects to return approximately $1 billion to shareholders through this buyback scheme during the year.
  • Successful Q2 Stock Buybacks: In the second quarter of 2025 alone, Flutter bought back $300 million worth of its shares, equating to around 1.25 million shares retired.

The Financial Background

This buyback approach follows a robust assessment of Flutter’s financial performance, with expectations of group revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) forecasted to be $17.26 billion and $3.295 billion respectively. These figures represent a significant year-on-year growth of 23% and 40% respectively.

Flutter Logo
The Flutter logo.

Flutter’s Strong Cash Position

As of June 30, 2025, Flutter reported having $1.7 billion in cash on hand, in addition to a total debt of $9.95 billion. This strong liquidity provides the company with the flexibility to pursue such aggressive buyback initiatives without straining its financial position, especially considering the acquisitions made for Snai and NSX.

Strategies for Enhancing Shareholder Value

Despite recent declines in stock value immediately following earnings reports, analysts remain optimistic about Flutter’s future. The company’s successful, asset-light, online-only model in North America, especially through FanDuel, offers strategic advantages. With the football season on the horizon and the potential for increased online sports betting, Flutter is well-positioned for continued growth.

Analysts assert: “The underlying equity story remains on track, driven by product superiority and ongoing operational leverage.”

Conclusion

In summary, Flutter’s planned share repurchase of up to $245 million in Q4 is a strategic move to bolster shareholder confidence and reflects its commitment to returning value to investors. With a solid financial foundation and strong forecasts for the future, Flutter is taking significant steps that affirm its leadership in the gaming industry.

For further details on Flutter Entertainment and the gaming industry’s dynamics, continue exploring insights and analyses that keep you informed and engaged.

Frequently Asked Questions

What is Flutter’s planned share repurchase?

Flutter plans to repurchase up to $245 million worth of its shares to bolster investor confidence.

How does Flutter’s cash position impact its repurchase strategy?

Flutter’s strong cash position allows it to pursue aggressive buyback initiatives without financial strain.

What future growth does Flutter anticipate?

Flutter remains optimistic about growth in online sports betting and plans further share buybacks.

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DraftKings Online Sportsbook – Analyst Claims DraftKings is the Top Choice for an Online Sportsbook in the North American Market

Analysts Say DraftKings is the Premier Choice for an Online Sportsbook in the North American Market

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  • DraftKings delivered impressive Q2 results and forecast 2025 revenue at the high end of its previously disclosed forecast
  • Analyst sees “long structural hold runway” and leading in-game betting platform

Analysts say DraftKings is the premier choice for an online sportsbook in the North American market. DraftKings (NASDAQ: DKNG) gave back some of its post-earnings gains recently, yet Wall Street remains optimistic about the shares of this internet casino and online sportsbook giant.

DraftKings Logo
A DraftKings logo. Macquarie suggests the stock is the best way to engage with the North American online betting market.

In a note to clients, Macquarie analyst Chad Beynon highlighted that DraftKings is the best way to engage with the North American online wagering market, remarking that the company’s second-quarter results only bolster that confidence.

“DKNG has a long structural hold runway which, coupled with handle market share gains and its superior in-play offering, positions DKNG for strong top- and bottom-line outperformance in the near future,” observes Beynon, who rates the stock as “outperform” with a price target of $55, up from $53.

In the June quarter, Boston-based DraftKings recorded revenue of $1.51 billion, achieving a 37% year-over-year increase, along with net income of $158 million and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $301 million—both quarterly records. As of now, the stock is on course for a slight weekly decline, potentially due to profit-taking following a substantial gain of 22.26% over the past three months.

DraftKings Attractively Valued on Some Metrics

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In nearly five years as a publicly traded entity, it has been rare for DraftKings to be seen as an inexpensive stock when evaluated by metrics such as price-to-earnings. This is understandable as it is a growth stock, often commanding premium valuations.

Interestingly, Beynon noted that based on enterprise value/EBITDA and free cash flow (FCF), DraftKings trades at significant discounts to certain members of the S&P 500.

“Current 2025 guidance suggests a 24x EV/EBITDA and a FCF of 3% (expected to rise to FCF yields of 5%/7% in ’26E/’27E). We observe S&P 500 companies with projected 2024-26E revenue growth rates of 15-20% trade at 31x 2025E EBITDA and a 2.5% FCF yield,” adds the analyst.

Although DraftKings hasn’t yet made it to the S&P 500, its market cap of $22.51 billion along with increasingly consistent profitability could see it included in the crucial index over the medium term. In contrast, FanDuel parent Flutter Entertainment (NYSE: FLUT) appears to be the most likely gaming stock to join the index soon.

DraftKings is a Catalyst-Rich Story

DraftKings is up 16.18% year-to-date, but this does not mean there is a lack of future upside. Instead, there are various potential tailwinds for investors to consider, including an attractive valuation, the company’s commitment to share buybacks, and the upcoming football season.

Furthermore, DraftKings’ guidance for 2025 now reflects recent tax increases in Illinois, Louisiana, and New Jersey, showing that the overall business is robust enough to navigate challenging state-level tax environments. Beynon notes that further growth is anticipated.

“DKNG is a leader in the rapidly expanding US Online Gaming sector,” concludes the Macquarie analyst. The analysis suggests that the company, having transitioned to profitability, is well-positioned for double-digit revenue growth moving forward.

Key Takeaways

  • DraftKings currently enjoys a solid market position in North America.
  • Consistently strong financial results indicate promising growth ahead.
  • Analysts predict continued profitability and market share expansion.

In summary, DraftKings stands out as a prominent choice in the North American betting market, driven by its innovative products and robust market strategies. Analysts are optimistic regarding its future, cementing its reputation as a pioneer in the online gaming industry.

Frequently Asked Questions

What do analysts say about DraftKings?

Analysts highlight DraftKings as the best option for engaging with the North American online betting market.

What were DraftKings’ recent financial results?

DraftKings reported a revenue increase of 37% year-over-year for Q2, reaching $1.51 billion.

How is DraftKings positioned in the market?

DraftKings has a strong market position with expectations for double-digit revenue growth moving forward.

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How Slot Machine Licensing Regulations Impact Legal Battles: The Gulfstream Park vs. Florida Lawsuit | 10BET

Key Points for navigating the complex regulatory landscape of the gaming industry often begin with understanding the rigorous requirements of slot machine licensing. Key Points for navigating the complex regulatory landscape of the gaming industry often begin with understanding the rigorous requirements of slot machine licensing. Securing these legal permissions is a foundational step for any operator looking to ensure compliance and operational legitimacy within the casino sector.

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  • Lawsuit challenges Florida’s Decoupling Act as unconstitutional
  • Gulfstream claims unfair licensing rules for live racing
  • Critics warn threat to Florida’s thoroughbred racing industry

Gulfstream Park racetrack has taken a significant step by asking a judge to block the Florida Gaming Control Commission (FGCC) from mandating a full calendar of live racing as a prerequisite for its slot machine licensing. This lawsuit reflects Gulfstream’s contention that the Decoupling Act is unconstitutional and puts the future of thoroughbred racing in Florida at serious risk.

Gulfstream Park Racetrack
Gulfstream Park, one of two operational thoroughbred racetracks in Florida, claims the Decoupling Act is unconstitutional. Critics say its lawsuit is a threat to the future of thoroughbred racing in the state. (Image: Shutterstock)

The foundation of the lawsuit, presented before the Florida Supreme Court, is the Decoupling Act which was sanctioned by the legislature in 2021. It asserts that the Act is unconstitutional as it infringes upon the racetrack’s equal protection rights. This legislation was influenced by the ban on greyhound racing, a constitutional amendment passed by voters in 2018, allowing parimutuel facilities to sever ties with their obligations to host live harness racing or jai alai, subsequently opening the doors to more lucrative gambling ventures.

Thoroughbred Carveout

A distinctive exemption exists for the thoroughbred racing industry, owing to the belief among lawmakers and stakeholders that it represents a vital component of Florida’s agricultural landscape and tourism. However, Gulfstream Park argues that this law gives competitors undue advantages.

The lawsuit seeks a declaration that the Act is unconstitutional and an injunction to hinder the FGCC from revoking the track’s license should it discontinue live racing.

“This is a matter of fair and equal treatment under the law, which the Decoupling Act clearly and intentionally violates,” stated Marie Long, General Counsel for 1/ST, the parent company of Gulfstream Park.

Marie further emphasized, “It’s not solely about racing — we are committed to a sustainable future for horse racing. The core of the issue lies within our capability to compete against private slot operators who are not bound by the same obligations we are, effectively allowing them special treatment at our expense.”

Implications for Florida’s Thoroughbred Industry

Experts warn that the potential outcomes of the decoupling could jeopardize Florida’s thoroughbred racing landscape, similar to what occurred with harness racing. Pompano Park, the state’s last standardbred track, ceased operations in 2022, a mere year following the legislation’s introduction.

Lonny Powell, CEO of the Florida Thoroughbred Breeders’ and Owners’ Association, expressed his concerns, branding the lawsuit “deeply troubling.”

“This lawsuit centers around Gulfstream Park’s desire to run a casino while sidestepping their racing obligations. The decoupling law was meant to safeguard Florida’s essential horse racing institutions. Overturning it would unleash a cascade of repercussions, undermining thoroughbred racing across the state, jeopardizing family-operated farms and rural employment, and threatening a multi-billion dollar agricultural economy,” he remarked.

Backed by legislation this year, Gulfstream Park and Tampa Bay Downs, the only other operational thoroughbred track in Florida, had advocated for the ability to separate racing from their other gambling operations, yet the proposal was unfortunately rejected by the legislature.

Conclusion

The ongoing lawsuit by Gulfstream Park raises vital questions regarding the future of racing in Florida. With the stakes this high, thoroughbred enthusiasts, racetrack operators, and communities reliant on this industry are anxiously watching the developments, hoping for a resolution that protects the rich tradition of horse racing in the Sunshine State.

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As this legal battle unfolds, it serves as a reminder of the intricate relationship between regulatory frameworks and the racing industry’s future in Florida.

Key Points:

  • Lawsuit challenges Florida’s Decoupling Act as unconstitutional
  • Gulfstream claims unfair licensing rules for live racing
  • Critics warn threat to Florida’s thoroughbred racing industry

Gulfstream Park racetrack has taken a significant step by asking a judge to block the Florida Gaming Control Commission (FGCC) from mandating a full calendar of live racing as a prerequisite for its slot machine licensing. This lawsuit reflects Gulfstream’s contention that the Decoupling Act is unconstitutional and puts the future of thoroughbred racing in Florida at serious risk.

Gulfstream Park Racetrack
Gulfstream Park, one of two operational thoroughbred racetracks in Florida, claims the Decoupling Act is unconstitutional. Critics say its lawsuit is a threat to the future of thoroughbred racing in the state. (Image: Shutterstock)

The foundation of the lawsuit, presented before the Florida Supreme Court, is the Decoupling Act which was sanctioned by the legislature in 2021. It asserts that the Act is unconstitutional as it infringes upon the racetrack’s equal protection rights. This legislation was influenced by the ban on greyhound racing, a constitutional amendment passed by voters in 2018, allowing parimutuel facilities to sever ties with their obligations to host live harness racing or jai alai, subsequently opening the doors to more lucrative gambling ventures.

Thoroughbred Carveout

A distinctive exemption exists for the thoroughbred racing industry, owing to the belief among lawmakers and stakeholders that it represents a vital component of Florida’s agricultural landscape and tourism. However, Gulfstream Park argues that this law gives competitors undue advantages.

The lawsuit seeks a declaration that the Act is unconstitutional and an injunction to hinder the FGCC from revoking the track’s license should it discontinue live racing.

“This is a matter of fair and equal treatment under the law, which the Decoupling Act clearly and intentionally violates,” stated Marie Long, General Counsel for 1/ST, the parent company of Gulfstream Park.

Marie further emphasized, “It’s not solely about racing — we are committed to a sustainable future for horse racing. The core of the issue lies within our capability to compete against private slot operators who are not bound by the same obligations we are, effectively allowing them special treatment at our expense.”

Implications for Florida’s Thoroughbred Industry

Experts warn that the potential outcomes of the decoupling could jeopardize Florida’s thoroughbred racing landscape, similar to what occurred with harness racing. Pompano Park, the state’s last standardbred track, ceased operations in 2022, a mere year following the legislation’s introduction.

Lonny Powell, CEO of the Florida Thoroughbred Breeders’ and Owners’ Association, expressed his concerns, branding the lawsuit “deeply troubling.”

“This lawsuit centers around Gulfstream Park’s desire to run a casino while sidestepping their racing obligations. The decoupling law was meant to safeguard Florida’s essential horse racing institutions. Overturning it would unleash a cascade of repercussions, undermining thoroughbred racing across the state, jeopardizing family-operated farms and rural employment, and threatening a multi-billion dollar agricultural economy,” he remarked.

Backed by legislation this year, Gulfstream Park and Tampa Bay Downs, the only other operational thoroughbred track in Florida, had advocated for the ability to separate racing from their other gambling operations, yet the proposal was unfortunately rejected by the legislature.

Conclusion

The ongoing lawsuit by Gulfstream Park raises vital questions regarding the future of racing in Florida. With the stakes this high, thoroughbred enthusiasts, racetrack operators, and communities reliant on this industry are anxiously watching the developments, hoping for a resolution that protects the rich tradition of horse racing in the Sunshine State.

As this legal battle unfolds, it serves as a reminder of the intricate relationship between regulatory frameworks and the racing industry’s future in Florida.

Frequently Asked Questions

What is the Gulfstream Park lawsuit about?

The lawsuit challenges the constitutionality of Florida’s Decoupling Act regarding slot machine licensing.

Why is slot machine licensing important?

It ensures compliance and operational legitimacy within the gaming industry.

What are the implications of the Decoupling Act?

Critics argue it threatens the future of thoroughbred racing in Florida.

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