Connect with us

Gambling in the USA

Indiana slaps fine Caesars Entertainment

Niji Ng

Published

on

Indiana slaps fine Caesars Entertainment
Reading Time: 1 minute

The US state of Indiana has slapped a fine of Caesars Entertainment Corp. US$1 million.  It is because the company has threatened to drop out from two mega horse racing casinos that were proposed. According to Caesars Entertainment, the company would drop the project “if the $50 million transfer fee related to Caesars’ purchase of Indiana’s two horse racing casinos wasn’t waived.” The company aims to negotiate with the State’s Gaming Commission to find a way to avoid both the fine and the fee.

 “…Caesars is now facing some very difficult decisions with regard to its proposed $90 million investment in southern Indiana,” Timothy Donovan, executive vice president, general counsel and chief regulatory and compliance officer for Caesars, wrote in an email to commission Executive Director Sara Gonso Tait. “We would prefer not pulling it from next week’s agenda, but at this point we may have no choice given the continued uncertainty surrounding the $50 million transfer fee.”

Caesars received authorisation from the IGC back in April to develop its 100,000-square-foot facility in Elizabeth and has just begun working on it. It’s a move that follows the passage of a piece of legislation by the Indiana General Assembly in 2015, which allowed riverboat casinos to be moved onto land.

 

Source: FocusGamingNews

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

Continue Reading
Advertisement
Comments

Gambling in the USA

Sport betting to begin in Rhode Island casino in December

Niji Ng

Published

on

By

Sport betting to begin in Rhode Island casino in December
Photo Source: metro.us
Reading Time: 1 minute

 

Twin River Casino in Lincoln in the US state of Rhode Island will starts sports betting in December.

The casino will open a well-equipped sports betting lounge, with screens showing live games and odds from around the country. “I see folks coming from Connecticut, Massachusetts and New Hampshire,” said Mike Barlow, who heads up operations for the company that owns both of Rhode Island’s casinos.

Rhode Island is among the first jurisdictions legalised sports betting. With Massachusetts and other north-eastern neighbours still debating the issue, Rhode Island lawmakers this summer approved sports betting at the state’s casinos, Twin River and Tiverton Casino Hotel.

Continue Reading

Gambling in the USA

Puerto Rico to make slots outside casinos legal

Niji Ng

Published

on

By

Puerto Rico to make slots outside casinos legal
Photo Source: wbur.org
Reading Time: 1 minute

 

Puerto Rico’s legislator has approved a tax reform that makes slot machines outside casinos legal, in spite of the controversy surrounding the move.

Both the House of Representatives and the Senate approved the bill and Governor Ricardo Roselló put his signature make the bill into a law.

The Financial Oversight & Management Board for Puerto Rico had raised concerns against the move, as it argued that these machines would eat into the revenues of casinos, which indirectly funds government programmes. The organisation’s chief executive Natalie Jaresko had criticised the government’s plan and said that the board had not seen evidence that the video lottery proposal would not eat into other island revenue streams.

Even as it was highly questioned, the piece of legislation is expected to be signed into law by Governor Roselló, who repeatedly voiced his support for it and said he was “satisfied” with the plan and that “if there are no hurdles ahead, I’ll sign the bill.” He also explained that “should any obstacles come up (…) we’ll have to fix them fast.”

Continue Reading

Gambling in the USA

Hard Rock and Kindred confirmed for inaugural Betting on Sports America

George Miller

Published

on

Hard Rock and Kindred confirmed for inaugural Betting on Sports America
Reading Time: 3 minutes

 

Hard Rock International, Kindred Group, Missouri Lottery, Mississippi Gaming Commission, Foxwoods, Webis Holdings and the National Council on Problem Gambling are just some of the key industry organisations to be represented across seven conference tracks at next year’s inaugural Betting on Sports America (23-25 April 2019).

Super Early Bird tickets are now available for #bosamerica, which is set to become the biggest sports betting dedicated event to take place on American soil. All the ‘Super Early Birds’ who purchase tickets before Friday 21 December will get $300 off the full ticket price.

Headline sponsored by SG Digital, Inbet Games and BetConstruct, it will kick off with a pre-registration party near the heart of the “Big Apple” – Times Square on 23 April, then cross the Hudson River to Meadowlands Exposition Center for the two-day conference and exhibition (24-25 April), before returning to Manhattan for a spectacular closing party.

Just a short trip from New York, the Meadowlands venue will host over 1,500 delegates and 60 exhibitors across 61,000 sq ft of exhibition space, as well as 175 leading industry speakers including Keith Whyte, Executive Director for the NCPG, and Ed Comins, Managing Director of Webis Holdings – operator of WatchandWager.com.

Whyte said: “It’s a great opportunity to advocate for responsible gambling with key stakeholders in the sports betting sector, but also to learn about the latest trends and products from industry leaders and develop mutually beneficial partnerships.”

Comins added: “I can’t wait to play a part in the inaugural Betting on Sports America. I’m particularly pleased about horse racing’s inclusion in the conference agenda. There is no doubting there are opportunities for the sport, but it needs to be positioned in the right way to fit the new environment.”

The lineup also includes Kresimir Spajic (Hard Rock International), May Scheve (Missouri Lottery), Allen Godfrey (Mississippi Gaming Commission), Andrew Winchell (Chief of Staff to New York State Senator), Chris Grove (Legal Sports Report), Daniel Wallach (Wallach Legal LLC), Manuel Stan (Kindred Group) and Seth Young (PointsBet).

These speakers will be spread across the following conference tracks – Betting on Regulation, Sport in Focus, Trading & Operations, Sponsorship & Marketing, Sports & Betting, States of the Nation and Demystifying Sports Betting covering a multitude of the most important issues and providing vital insights and inspiration for delegates.

On the first day, Betting on Regulation will look at lessons learned from other regulated markets and why Nevada is living proof that an individual state can successfully police sports betting, while Sport in Focus will assess the tribal response and whether the outdated Wire Act should be completely reworked to provide a future-proof regulatory framework.

Trading & Operations will consider the most crucial components to the supply chain, what’s next for DFS now that sports betting has stolen its thunder, and why effective geolocation is essential to staying compliant with state laws. Meanwhile, Sponsorship & Marketing will discuss boosting ROI, the advantage of individuality within ambassadorial appointments, the role of affiliates in the new market and the power of social media influencers.

On day two, the first ‘March Madness’ since PASPA was repealed will be reviewed during ‘Sports & Betting’, a track which will also cover the future of horse racing in the country and the best approach to taking bets on college football without endangering its players.

States of the Nation will put the spotlight on New Jersey as a land of opportunity and discuss lessons learned for the next wave of legal sports betting adopters, including New York, while Demystifying Sports Betting will look at opportunities presented by pool betting, the role of the blockchain, and why virtual sports are not just an introduction to the world of betting.

Super Early Bird tickets for the inaugural Betting on Sports America conference are available for just $399 (+VAT), but only until 14 December. To secure the exclusive discount get your discounted tickets HERE now.

Continue Reading
Advertisement
NSoft
Advertisement
BetConstruct

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.