Don't worry about failure; you only have to be right once.
Drew Houston
3rd November 2017  
 
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The Story

Pennsylvania was able to get its first $1 million of new gambling revenue after Gov. Tom Wolf signed a law authorizing a major expansion of gambling.

 

Congratulations!

According to an Associated Press report, the first million that went into the state coffers came from Valley Forge Casino, which paid a $1 million fee.

 

And the payment was for?

The report said that the casino shelled out the money in order to ease the gambling restrictions imposed on people who aren't taking part in other amenities there.

 

Tell me more about the new law.

Gov. Walf signed the bill that extended casino-style gambling to truck stops, online portals and airports, and allowed 10 new mini-casinos to open in the state. He also approved legal online gambling in Pennsylvania, making it the fourth state in the U.S. to do so.

 

So anyone can now go to the Valley Forge?

With the new law, the previous prohibition limiting the casino floor of Valley Forge to guests, membership holders and patrons, had been lifted. Thus, people from all walks of life can now visit the said establishment since it is now open to the public at no extra cost.

 

Takeaway

The new law would not only address the state's revenue concerns but analysts said that it is a sign that the US is slowly loosening its betting laws.

 
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Hawaii and Utah are the only states with no legal commercial or Indian casinos, lotteries or other forms of gambling.

 
 
 

Rake—refers to what the casino takes during games of equal-weighted chance, such as Poker. In the game of Poker, the players are betting against one another, which means that the house does not have an advantage.

 
 
 
 
 
 
 

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Congratulations to the unnamed Cloudbet player who won 160 BTC from a single session of live dealer baccarat on the Cloudbet platform. The player set a new record for the most BTC won in a live Bitcoin casino game, as his win was valued at over over €750,000 (US$874,252.50).

 
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