Connect with us
SIS

Gambling in the USA

Caesars’ entry boosts sports betting in Indiana

Niji Narayan

Published

on

Caesars’ entry boosts sports betting in Indiana
Photo Credits: Shutterstock
Reading Time: 3 minutes

Caesars Entertainment, one of the premier gaming companies in the USA, has acquired Centaur Gaming, an Indianapolis-based company that owns several Indiana casino and racetrack facilities. The $1.7 billion purchase will allow Caesars to enter Indiana gaming market, where sports betting has already legalised.

Two of the well-known casinos in the state – Hoosier Park in Anderson and Indiana Grand in Shelbyville – apart from three off-track betting parlours have reached Caesars’ fold as part of the deal.

Caesars now owns more than 50 casinos and hotels worldwide, including two more of Indiana’s 13 casinos. The Nevada-based company already owned the Horseshoe Hammond and the Horseshoe Southern Indiana. Now Caesars owns four total casinos in Indiana, but the purchase of the last two was not without controversy.

Indiana law dictates a $50 million transfer fee to the state government for casino purchases, a charge both Centaur and Caesars disputed. Caesars even went so far as to threaten to stop a $90 million expansion project on its Horseshoe Southern Indiana facility.

In approving the purchase, the Indiana Gaming Commission fined Caesars $1 million for the threat, which never came to fruition. The Indianapolis Star reported the companies will not avoid the fee and the state expects to receive its $50 million as part of the transfer.

With the purchase finalised, the state’s gambling interests turn to when, or if, the state legislature will legalise sports betting.

Indiana Lawmakers Look to Debate Sports Betting

Legislation introduced in Indiana’s 2018 session in Indianapolis gives the state a head start for the 2019 session, the earliest lawmakers would likely discuss any sports betting bill. But the initial bills picked up little momentum in the statehouse last year and legislatures seemed divided on many of the same issues other states have wrangled with – assuming there’s political capital to pass a bill at all.

According to the Fort Wayne Journal Gazette, lawmakers still have to discuss permitted wagering locations, tax rates, mobile accessibility and revenue distribution. There’s also concerns about bets on amateur events, which is complicated by the NCAA. The organisation is headquartered in Indianapolis and was the primary defendant in the Supreme Court case that ultimately struck down the federal ban on sports betting.

If lawmakers pass a final bill through both houses, it will also need the approval from Gov. Eric Holcomb. The Journal Gazette reported the governor previously declined to comment on the prospects of approving a sports betting bill, saying it wasn’t a priority.

Still, lawmakers have viewed it as more of a priority than the governor and are undertaking a study of sports gambling’s’ impact on the state. Multiple lawmakers said they will file bills in time for the 2019 session where it will likely gain more traction than in 2018.

Out-Of-State Developments Could Spur Action

The progress and templates set by early sports betting adaptors could not only spur action but lay out a framework in Indiana.

Along with Nevada’s long-standing sports betting legalisation, Delaware, New Jersey, Rhode Island, Mississippi and West Virginia have all approved sports wagering and all will have taken bets before the end of the year. Several other states, notably Pennsylvania and New York, are working towards a system to take sports bets as well.

They’re far from alone. Several midwestern states, including neighbouring Illinois, have discussed sports betting at length and appear at the very least open to gambling expansion.

Kentucky, Indiana’s southern neighbour, has also made strides towards sports betting. A bipartisan group of lawmakers from both Bluegrass State legislative bodies have formed a bill that lays out their solution to many of the sports betting questions debated by their colleagues on the north side of the Ohio River.

Developments by Indiana’s neighbouring states combined with the increased presence of Caesars, a gambling industry leader long accustomed to handling wagers on sports, could sooner than later help push sports betting in the Hoosier State forward.

 

Source: gambling.com

Niji Narayan 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. He reports gaming industry headlines from all around the globe.

Continue Reading
Advertisement
Comments

Gambling in the USA

Plaza Hotel & Casino to host second annual Las Vegas Pickleball Open, Sept. 24-28

Vlad Poptamas

Published

on

Reading Time: 2 minutes

 

LAS VEGAS – With more pickleball courts than any Las Vegas hotel/casino, the Plaza Hotel & Casino is again the official hotel and title sponsor of the Las Vegas Pickleball Open, Sept. 24-28. The annual competition saw registration more than double in its second year and expects to welcome nearly 650 players in 2019.

Due in large part to the success of last year’s tournament, hundreds of amateur and professional pickleball players from across the United States and around the world, including Japan, Mexico and Canada, will participate in next month’s event. Players also span multiple generations, from 12 to 81 years of age. Many players from last year are also returning, including top pros Simone Jardim and Kyle Yates to defend their mixed doubles title.

The Las Vegas Pickleball Open offers professional players a competitive prize package of $25,000 split between grand prize, silver and bronze medalists. The Plaza will again construct special grandstand seating for championship matches that will be streamed live on the event website.

“Pickleball continues to grow in popularity for players young and old,” said Jonathan Jossel, CEO of the Plaza Hotel & Casino. “Since we debuted the permanent pickleball courts on the rooftop pool and recreation deck in 2016, the Plaza has built a unique reputation as a premier pickleball destination. Now, we are welcoming hundreds of players from around the globe for this unparalleled tournament that offers players everything: top-notch competition as well as delicious dining options, exciting entertainment and relaxing accommodations, all in the heart of downtown Las Vegas.”

The tournament will offer men’s, women’s, and mixed amateur doubles matches as well as men’s, women’s, mixed and senior (50-plus) professional doubles matches. Matches will be played from 8 a.m. to 10 p.m. daily, with the scheduling of the championship matches to be announced. Spectators can attend any of the matches, including the semi-finals and championships, for free.

Players can register for the tournament online at www.lasvegaspickleballopen.com. Participants can also book hotel rooms at the Plaza at a special tournament rate, starting at $40 per night on the event site or at https://www.plazahotelcasino.com/entertainment/pickleball-open/.

A cross between tennis, badminton and ping pong, pickleball is the fastest growing racquet sport in the U.S., boasting more than three million players – a number that has been growing by more than 10 percent each year over the past decade.

Continue Reading

Gambling in the USA

Expectations on Online Gambling in the US

Niji Narayan

Published

on

Photo source: rightcasino.com
Reading Time: 2 minutes

The U.S. casinos have already entered into the list of the burning issues of the United States. Nevada is a national gambling symbol in the US, while some of the states impose strict restrictions even on the online casinos. The recent tendencies in the American online gambling market look quite promising.

Around 90% of the American gamblers easily switched from a traditional casino to the online platforms introducing the same services. At the same time, 85% of the US gambling niche income is generated by its online segment. On average, the industry of sports betting reaches the exorbitant figures – $400 billion a year.

It is obvious that the US cannot impose a strict federal ban on online gambling. The only obstacles may exist on the state level, where the situation is quite paradoxical. Depending on the state, the national operators have to satisfy a long list of the legal requirements to get a proper license.

It seems that the endless war between the operators and the state laws is getting tense: many of the gambling icons keep pushing the respective bills about partly legalisation of online casinos.

The milestone to block the decision-making process on a state level is taxation rates for the online casino operators. Some of the fees make it clear that the government would like to benefit from the business as much as the actual providers.

Despite a few legal opportunities, the online gambling niche in the US is blossoming. This business will soon reach its peak and will demand some more room for expanding its influence and audience.

In the nearest future, we can expect some further improvements. There is nothing to hold the industry from further development. Recognising the providers’ needs will resolve lots of issues related to illegal gambling. This should be a minimum benefit the federals cannot resist.

Continue Reading

Gambling in the USA

DOJ Appeals the District Court Decision on Wire Act Case

Niji Narayan

Published

on

Photo source: nodepositkings.com
Reading Time: 1 minute

The Department of Justice has filed its intent to appeal a district court decision on the Wire Act to the First Circuit Court of Appeals.

In June, a federal judge in the New Hampshire District ruled that the Wire Act applies only to sports betting and not to other forms of interstate gaming.

The New Hampshire Lottery and its vendor had filed the federal case because of the DOJ’s change in stance on the interpretation of the Wire Act.

The DOJ in 2011 had stated that the Wire Act applied only to sports wagering. But it reversed the course with a memo from 2018, expanding the possible reach for federal prosecution which triggered worries about its applicability to online gambling, lotteries and other forms of gaming that potentially cross state lines.

The New Hampshire District judge had forecast that the case would likely reach the US Supreme Court. While the case is going on, the DOJ has said it would not enforce the new interpretation of the Wire Act until 2020.

“The Department’s action, while hardly unexpected, is certainly unwarranted. DOJ generally files appeals of adverse district court decisions as a matter of course. We hope that, rather than engaging in a protracted, expensive and ultimately unsuccessful legal fight, the Department will take this opportunity to negotiate a settlement which will focus the Wire Act and DOJ’s enforcement resources on the right targets – the unlicensed illegal offshore Internet gambling operators who do not create jobs or tax revenue in the U.S. and do not appropriately protect consumers,” Jeff Ifrah, founder of iDEA Growth (an online gambling lobbying group) said.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

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

Notice for AdBlock users

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