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Gambling in the USA

NASCAR, Genius Sports Form Landmark Exclusive Betting Data Partnership

George Miller

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NASCAR, Genius Sports Form Landmark Exclusive Betting Data Partnership
Photo Source: NASCAR.com
Reading Time: 3 minutes

 

NASCAR and Genius Sports, the global leader in sports data solutions, announced a landmark deal that will see Genius Sports develop an official NASCAR gaming offering for legal sportsbooks. The new agreement is the first step toward creating an advanced live betting product that will drive fan interest and deepen engagement around NASCAR race events.

Genius Sports will utilize NASCAR’s official data feed to build a high-end live betting product to be sold to legal sportsbooks around the world. Exclusive access to NASCAR’s official data allows Genius Sports to create a real-time gaming platform that provides up-to-the-minute odds and a suite of traditional wagers and prop bets. The new initiative will enhance the race day experience and keep fans engaged with the sport for longer periods of time.

“Partnering with Genius Sports allows us to deliver a dynamic fan engagement platform in the rapidly-growing world of legalized sports gaming,” said Brian Herbst, senior vice president, broadcasting and innovation, NASCAR. “This new relationship will provide another entry point to the sport and complements our strategy to create a more immersive experience for fans.”

As a result of the agreement, Genius Sports becomes the exclusive provider of NASCAR data to licensed sportsbooks. The new data partnership marks NASCAR’s first in the growing U.S. sports betting sector.

“NASCAR fans are some of the most devoted in the world, and we look forward to helping them to create a deeper, more connected experience that is both safe and secure as the business of sports betting continues to evolve in the U.S.,” said Mark Locke, Genius Sports CEO. “Furthermore, our global relationships will help bring the excitement of NASCAR racing to new audiences both within the United States and in new territories around the world.”

With 40 cars on the track reaching speeds of over 200 miles per hour, NASCAR’s official data is vital to the development of a gaming platform. Only licensed sportsbooks in regulated territories will have access to the official data, providing greater transparency, accuracy, and cooperation to monitor and safeguard NASCAR events.

Before the start of the 2019 season, NASCAR developed a comprehensive Sports Gambling policy for the industry in which the sanctioning body granted all teams and tracks the ability to sell marketing sponsorships to sports-betting companies and licensed sportsbooks.

 

About NASCAR:
The National Association for Stock Car Auto Racing, Inc. (NASCAR) is the sanctioning body for the No. 1 form of motorsports in the United States. NASCAR consists of three national series (Monster Energy NASCAR Cup Series™, NASCAR Xfinity Series™, and NASCAR Gander Outdoors Truck Series™), four regional series, one local grassroots series, and three international series. The International Motor Sports Association™ (IMSA®) governs the IMSA WeatherTech SportsCar Championship™, the premier U.S. sports car series. Based in Daytona Beach, Fla., with offices in eight cities across North America, NASCAR sanctions more than 1,200 races in more than 30 U.S. states, Canada, Mexico, and Europe. For more information visit www.NASCAR.com and www.IMSA.com, and follow NASCAR on Facebook, Twitter, Instagram, and Snapchat (‘NASCAR’).

About Genius Sports:
Genius Sports is the global leader in sports data. Our unique technology empowers sports to collect, manage and commercialize their data, revolutionizing the way they run their competitions and creating new revenues streams through our distribution networks across media and regulated sports betting sectors.

Headquartered in London with over 16 locations worldwide, our position at the heart of the sports data ecosystem allows us to drive maximum value from sports data. Genius Sports captures millions of data points at sporting events in every corner of globe, transforming them into stat-driven content for sports fans and, through Betgenius, our sports betting technology arm, cutting-edge in-game sports wagering products for sports books and lotteries globally.

Genius Sports is the trusted sports data, technology and integrity partner to hundreds of sporting bodies. This includes many of the world’s largest leagues and federations such as the NBA, NCAA, PGA TOUR and the PREMIER LEAGUE.

SOURCE Genius Sports

Gambling in the USA

Caesars Merger with Eldorado Moving Forward

Niji Narayan

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Caesars Merger with Eldorado Moving Forward
Reading Time: < 1 minute

 

The Coronavirus outbreak has delayed the $17.3 billion deal between Caesars Entertainment and Eldorado Resorts, but the deal is moving forward. The anticipated closing of the $17.3 billion deal has been pushed from April to June.

The regulators in Indiana, New Jersey and Nevada still need to sign off on the deal but have postponed hearings. The merger also needs the approval of the Federal Trade Commission.

“The board is still investigating. The merger is going like any other merger. It’s just going through the process, which includes a normal investigation,” Nevada Gaming Commission Chair Tony Alamo said.

Eldorado and Caesars had anticipated closing in mid-April, but multiple sources said it now looks more like June. There has been widespread speculation that the Coronavirus pandemic will change the ways regulators view the debt associated with this deal. A highly placed source says both companies have the liquidity to last for well over a year.

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Gambling in the USA

Miami Residents and Businesses Oppose Measure by City Attorney Allowing Gambling in Edgewater

Niji Narayan

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Miami Residents and Businesses Oppose Measure by City Attorney Allowing Gambling in Edgewater
Photo Source: wptv.com
Reading Time: 2 minutes

 

Miami residents and businesses– including some founded by Norman Braman–have filed legal action against the back door deal between City officials and a local development group paving the way for casino gambling in Miami.

“The latest filing is a motion to intervene in the federal case in which a bogus lawsuit was ‘settled’ through a sweetheart deal and as an end around the zoning code. The City and West Flagler were on the same side leaving Miami citizens on the outside whose interests were otherwise trampled on by City officials,” Norman Braman, who has opposed gambling and championed voter participation in Miami for over 30 years, said.

The motion filed by Braman and other Miami residents property owners seeking to make certain that the federal court does not enforce any “settlement” while the residents’ state court lawsuit proceeds to invalidate the underlying interpretation of City code on which the federal “settlement” explicitly relies.

“We regret to be forced to file this motion to protect the right of all Miami residents to have a say as to whether Miami should allow gambling. But we have an obligation to preserve our rights. West Flagler’s claimed right to have a jai alai fronton in Edgewater is a 2012 letter issued in secret and obtained without any notice or process. If the City of Miami is going to allow gambling–and I’ve long said it should not–then notice must be given to Miami’s residents so that they can have a meaningful say and hold elected officials responsible,” Norman Braman said.

“It’s unfortunate that the City Attorney and West Flagler entered into this settlement approving a gambling facility in the midst of the ongoing health crisis. But the pandemic will not prevent Miami’s citizens from protecting their quality of life or from ensuring the City’s long-term prosperity. We will take those actions necessary to protect our rights, and we hope the City Attorney and West Flagler refrain from further action towards advancing a gambling facility while the public is focused on more important issues,” Braman added.

 

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Gambling in the USA

Wynn Resorts Extends Benefits for All North American Employees

George Miller

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All set for couWynn Resorts Extends Benefits for All North American Employees
Reading Time: 2 minutes

 

Wynn Resorts announced that the Company will extend paying all salaried, hourly and part-time employees through May 15, for a total of 60 days of payroll continuance. The Company decided to take this action as part of its shared responsibility for the health and safety of its employees, their families and the Las Vegas and Greater Boston communities during this pandemic.

Payroll coverage will include more than 15,000 current Wynn and Encore employees. For tipped employees, it includes the average tip compliance rate or distributed tips/tokes since the beginning of the year.
“It is our shared responsibility to follow the direction of health and safety professionals to stay home, and limit social contact,” said Wynn Resorts CEO Matt Maddox. “We owe it to each other, our families and to our community.”
For more information on Wynn’s health and safety measures, please visit www.WynnInfo.com.

 

About Wynn Resorts:
Wynn Resorts, Limited is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 Index. Wynn Resorts owns and operates Wynn Las Vegas (wynnlasvegas.com), Encore Boston Harbor (encorebostonharbor.com), Wynn Macau (wynnmacau.com), and Wynn Palace, Cotai (wynnpalace.com).
Wynn and Encore Las Vegas feature two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas, approximately 192,000 square feet of casino space, 22 dining experiences featuring signature chefs and 11 bars, two award-winning spas, approximately 290,000 square feet of meeting and convention space, approximately 160,000 square feet of retail space as well as two showrooms; two nightclubs, a beach club and recreation and leisure facilities. Wynn Las Vegas recently unveiled the new Wynn Golf Club and 18-hole, 129-acre championship golf course, and in February 2020 debuted a 430,000-square-foot meeting and convention space expansion powered by 100 percent renewable energy.

Encore Boston Harbor is a luxury resort destination featuring a 210,000 square foot casino, 671 hotel rooms, an ultra-premium spa, specialty retail, 15 dining and lounge venues, and more than 50,000 square feet of state-of-the-art ballroom and meeting spaces. Situated on the waterfront along the Mystic River in Everett, Massachusetts, the resort has created a six-acre public park and Harborwalk along the shoreline. It is the largest private, single-phase development in the history of the Commonwealth of Massachusetts.

Wynn Macau is a luxury hotel and casino resort located in the Macau Special Administrative Region of the People’s Republic of China with two luxury hotel towers with a total of 1,008 spacious rooms and suites, approximately 273,000 square feet of casino space, casual and fine dining in eight restaurants, approximately 31,000 square feet of meeting and convention space, approximately 59,000 square feet of retail space, and recreation and leisure facilities including two opulent spas, a salon and a rotunda show.

Wynn Palace is a luxury integrated resort in Macau. Designed as a floral-themed destination, it boasts 1,706 exquisite rooms, suites and villas, approximately 424,000 square feet of casino space, 13 food and beverage outlets, approximately 37,000 square feet of meeting and convention space, approximately 106,000 square feet of designer retail, SkyCabs that traverse an eight-acre Performance Lake, an extensive collection of rare art, a lush spa, salon and recreation and leisure facilities.

SOURCE Wynn Resorts

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