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Why Hawaii don't have casinos?

Hawaii's gambling laws explicitly bans all casinos and gambling events on its coast. Violating this law can result to imprisonment.

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Why Casinos in Hawaii are Prohibited?

Hawaii is a great place to go for a vacation. However, people defined vacation differently. For some, vacation is about relaxation on the beach or just lounging back at home; indulging themselves to eating or drinking . But for a few, casinos’ slot machines and poker tables are their downtime. Now, if you are looking for a mini Vegas in paradise —Hawaii prohibits gambling and casinos. If you have no idea yet. Hawaii is one of the two states which did not legalized gambling. Authorities of Hawaii strictly prohibits lotteries, horse races and sports betting. Even bingo is illegal here. Furthermore, they strictly prohibited cruise ships gambling on Hawaiian waters too. Hawaii’s gambling laws explicitly bans all casinos and gambling events on its coast. Violating this law can result to imprisonment. This law expands to locals and homeowners in Hawaii. The law doesn’t only cover the casinos and gambling events and venues. Moreover, they are prohibiting slot machines too even if it’s just for display or collection purposes

Why Hawaiians Opposed Gambling?

Hawaiians value family above everything else. True enough, it is the core of their tradition and culture. Most people in Hawaii oppose gambling because they think it will take away the family atmosphere. And for the same reason, it may create more problems or chaos. For them, there are a lot of activities to enjoy year-round in Hawaii. This state offers different of good places to see, delicious food to eat and great people to meet. Dianne Kay, president of Hawaii Coalition against gambling said that people don’t come in Hawaii just to gamble. “It would be sad if we destroyed the beautiful ambiance we have here”, she added.

Casino Openings in Hawaii

Gambling enthusiasts argue that Hawaii can use the revenue from the casinos. They believe that, the industry would draw much-needed new money and jobs into the tourism-dependent economy. In fact, lawmakers in Hawaii pitch gambling bills every year. They view gambling as an opportunity to raise money without having to hike taxes. However, the chances of opening such gambling spots in any time soon are low. Because of this, the locals of Hawaii are happy with that outcome. To them, Hawaii is all about connecting with nature, being at peace, and interacting with family and friends. They believe that gambling will take all of these. Hawaii will remain to be the tropical paradise everybody has known it to be. Perfect with just surfboards, hula, and luau. They are contented even if there are no poker chips and slot machines. For now, entertainment in the islands mean being at the beach while eating delicious Hawaiian food. What’s more exciting is learning how to surf and to hula. Above all, soaking in the sun while it lasts is the best. So, if you want to try your luck by betting and rolling on casinos, Hawaii isn’t for you. But if you want a get away from daily stresses, Hawaii will always be a great spot for everyone.

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Why is DraftKings losing so much money?

DraftKings stock sank 26% after the company reported monthly users for the quarter that fell short of estimates. The company raised its revenue forecasts for 2022.

The company raised its revenue guidance for the year, however, after revenue for the quarter came in above Wall Street expectations. Its loss for the period wasn't as steep as expected. For the quarter ended Sept. 30, DraftKings said its monthly unique paying customers increased to 1.6 million, up about 22% from 1.3 million a year ago. That was short of the 2 million that analysts projected, according to StreetAccount, and slower than in the previous two quarters. DraftKings said the expansion of its online Sportsbook product, launched in September, will help drive customer acquisition, engagement and retention. Following the launch of its online Sportsbook in Kansas in September, DraftKings said it is live with mobile sports betting in 18 states, representing about 37% of the U.S. population. It said it plans to launch in Maryland, Puerto Rico, Ohio and Massachusetts pending licensure and regulatory approvals. "Our team continued to drive top-line growth through highly effective customer engagement and compelling product and technology enhancements while remaining focused on our path to profitability," said Jason Robins, DraftKings' co-founder and CEO. For the quarter ended Sept. 30, the company reported a net loss of about $450 million, or $1 a share, compared with a loss of $545 million for the same period last year. Analysts expected a loss of $1.04 per share. Revenue for the period rose to $502 million, which was higher than the $437 million Wall Street expected. The company raised its revenue guidance for 2022 to a range of $2.16 billion to $2.19 billion, up from its previous estimate of between $2.08 billion and $2.18 billion.

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