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Gambling in the USA

Caesars Entertainment and Foodbuy Form “Parlay Solutions”

Zoltan Tundik

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Innovative new joint venture seeks to transform gaming industry purchasing

More than 200 Caesars suppliers have already joined Parlay Solutions

Today, Caesars Entertainment Corporation (NASDAQ:CZR) and Foodbuy, LLC, a subsidiary of Compass Group USA, Inc., announced that they are joining forces to create Parlay Solutions, the premier group purchasing organization for the North American Gaming Hospitality and Entertainment Industry. Parlay will begin serving members in September 2018.

This joint venture will combine Caesars’ expertise in the gaming industry, supplier relationships and sourcing capabilities with Foodbuy’s supplier relationships, analytics and procurement expertise.

“Parlay will help its members save on their supply chain expenses through purchasing efficiencies as well as help them optimize their spend with local and diverse suppliers,” said Mark Frissora, President and CEO of Caesars Entertainment. “Caesars Entertainment has successfully invested in its supply chain to generate substantial value for our business and this partnership with Foodbuy will deliver the same benefit to its members.”

“Our combined capabilities create opportunities for gaming operator members and industry suppliers to revolutionize the way they do business,” said Dennis Hogan, Chief Executive Officer of Foodbuy, LLC.

Parlay’s founders bring expertise managing more than $20 billion in purchasing volume and nearly 30 years of experience.  Parlay will help its members to generate savings, increase revenues, optimize spend from local and diverse suppliers, and delight guests with superior products and services.

More than 200 Caesars suppliers have signed on to join Parlay.  Coupled with access to more than 2,000 suppliers from Foodbuy, Parlay provides unique benefits across the broad range of products and services gaming operators need to realize savings on the millions of dollars they spend annually on their supply chain.  Supplier partners will benefit from faster and more economical ways to create and grow relationships with gaming operators across North America.

Group purchasing organizations have proven successful in other industries such as healthcare, education, manufacturing and hospitality to connect buyers and suppliers for mutual benefit.  Caesars and Foodbuy are pleased to announce Parlay as the first GPO created by gaming and procurement experts with unique capabilities for the gaming industry.

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Gambling in the USA

Legislators discuss bill to legalise sports betting in Montana

Niji Narayan

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Legislators discuss bill to legalise sports betting in Montana
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Members of a legislative committee discussed a bill to legalise betting on college and professional sporting events in Montana. The bill proposes to allow betting in bars with full liquor licenses.

The bill is proposed by Republican Sen. Mark Blasdel of Kalispell after the 2018 U.S. Supreme Court ruling that allows states to legalise sports gambling.

Supporters told the Montana Senate Business, Labour and Economic Affairs committee that passing the bill would allow the state to legalise, regulate, and tax activity that is already happening.

The computerised wagering would be run by sportsbook companies that install equipment in bars. The bill calls for bars to receive 5 per cent of the net sportsbook income derived from the premises while operators would pay an 8.5 per cent state tax on adjusted gross betting receipts.

The committee did not vote on the bill which was drafted in consultation with the state Department of Justice, companies that provide gambling machines to casinos, and the Montana Tavern Association.

If passed, it would not take effect until June 2020, giving the state time to write rules and taverns time to install and test machines, Blaisdel said.

If problems arise, Blaisdel said, the Legislature would be back in session in six months and could address them.

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Gambling in the USA

William Hill US contributes $50,000 in New Jersey

Niji Narayan

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William Hill US contributes $50,000 in New Jersey
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William Hill, America’s premier sportsbook operator, has donated $50,000 to the Council on Compulsive Gambling of NJ. This fund helps conduct a campaign that supports people with gambling problems.

The campaign will produce an educational video that shows the family of a problem gambler and directs them to helpful resources. The video will be distributed online and via social media and promoted through ads on TV, on the radio, online and in movie theatres.

“We are proud to partner with the Council on Compulsive Gambling of New Jersey on bringing attention to this extremely important issue,” said Joe Asher, CEO of William Hill U.S. “When we settled a lawsuit recently, we said a portion of the proceeds would go to an organization that supports people with gambling problems. The Council on Compulsive Gambling of New Jersey saw the article about our intentions and reached out to us. We spent a lot of time working on best use and we decided to focus on reaching out to family members of those with a gambling problem. I know from personal experience that family members of problem gamblers can help push those that need help to seeking it.”

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Gambling in the USA

NY Governor declares himself “not a fan” of online sports betting

Niji Narayan

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NY Governor declares himself “not a fan” of online sports betting
Photo Source: newsday.com
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New York governor Andrew M. Cuomo has categorically stated during WAMC News that he is “not a fan” online sports betting. He also downplayed the economic gains that could come with mobile wagering in New York.

The state regulators have already approved legislation for allowing sports gambling at Native American-owned casinos and the four private gaming halls upstate, including Rivers Casino & Resort in Schenectady.

Cuomo described the plan as an attempt to “fortify” the upstate casinos.

The limited blueprint, which will soon be subject to a 60-day public comment period, is based on the restrictive gambling language in the state constitution.

“If we want to expand it beyond the land-based casinos … we need a constitutional amendment,” state Budget Director Robert Mujica told reporters when the state budget was revealed in January.

Despite this interpretation, industry stakeholders and some state legislators are still pushing for online sports wagering.

The budget resolution approved by Senate Democrats last week would allow the full-scale upstate casinos to offer sports gambling online. Other gambling operators — including off-track betting corporations, the New York Racing Association and the video lottery terminal parlors known as racinos — would still be excluded from participating.

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