Tag: sports betting
Bet365 Enters America with New Jersey Deal
Hard Rock Atlantic City and bet365 Group are partnering up for New Jersey sports betting. According to a correspondence published on the website of the NJ Division of Gaming Enforcement, the two parties first signed a letter of intent back on June 19. Neither has confirmed the deal publicly or to PlayNJ. As a matter of public record, however, Director David Rebuck signed off on a portion of the partnership on June 25. The temporary approval is valid until July 31 while bet365 works to obtain its license to operate in NJ. Rebuck’s letter seems to indicate that the requisite…
West Virginia Teams with FanDuel for Sports Betting
West Virginia Lottery Commission Director Alan Larrick has announced that the entity has passed sports betting rules after an emergency meeting that took place last Thursday. The state’s five casinos would be eligible to offer sports betting. “We’re trying to do everything we can to get sports betting available by football season — that’s what our goal is. We don’t know if we’re going to make it or not, but we’re going to try,” said Larrick, who commented that the rules are essentially guidelines for local casinos in order to let them know how to operate. West Virginia had already…
Mississippi Sports Betting Regulations are Close
Gambling laws may soon be changing in the state of Mississippi following a unanimous vote by the state Gaming Commission that clears the way for the legalization of sports betting. Regulators moved quickly to tweak rules regarding Mississippi sports betting, and speculation exists that gambling on sports could start in July. Recently, the Supreme Court ruled in New Jersey’s favor allowing the state to legalize and regulate sports betting, and other states moved forward with their legalization plans shortly after the decisions. Few should be surprised the legislators approved sports betting, as a regulated industry can generate significant tax money…
IGT Platform Powers New Jersey Sports Betting
International Game Technology PLC announced today that MGM Resorts International is utilizing IGT’s sports betting platform to run its retail sports betting in New Jersey. IGT was selected by MGM Resorts to provide its end-to-end sports betting solution at Borgata Hotel Casino and Spa in Atlantic City, New Jersey. Borgata has opened for sports betting with IGT’s retail point-of-sale system, enabling in-casino patrons to place in-play and pre-match sports bets over the counter, effective today. IGT brings significant expertise and experience to providing leading technology to MGM Resorts sports betting. IGT currently powers MGM Resorts’ retail sports betting at 10…
Rhode Island Regulates Sports Betting at Steep Price
Rhode Island Governor Gina Raimondo signed a $9.6 billion budget for fiscal 2019 on Friday that legalizes sports betting and gives the state 51 percent of the revenues from the wagers. The budget for the fiscal year starting July 1 counts on $23.5 million of new revenue from sports betting, though the activity is not expected to go live until Oct. 1. Even so, the move could give Rhode Island an early edge in New England’s sports betting market, as states across the country look to legalize the activity after last month’s U.S. Supreme Court ruling overturning a 1992 law…
Kentucky Wants in on Sports Betting Action
Kentucky lawmakers want a piece of the U.S. sports betting pie after the country’s highest tribunal repealed the Professional and Amateur Sports Protection Act (PASPA) of 1992, according to the Kentucky Public Radio. A bi-partisan panel, consisting of six members of the state House of Representatives and three members of the Senate, has been formed to draft and file legislation to implement legal sports betting in Kentucky. Some of the members of the bi-partisan panel were among the lawmakers who pushed for regulation of sports betting in Kentucky in 2017. Sen. Julian Carroll was the first to propose legalizing the…