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Sports

Washington State Tribes Approaching Sports Betting After Vote

Following a major vote, 15 Washington state tribes are much closer to introducing sports wagering. Sports betting might be operational by the end of August, just in time for the start of the NFL season in 2021.

The Washington state gambling commission (WSGC) recently modified tribal class III gambling compacts to allow sports betting. Seven commissioners voted unanimously in favor of the motion.  Two commissioners were not allowed to vote.

For sports betting to become operational, further government and tribe clearances are required. Each tribe had and Washington Governor Jay Inslee, a Democrat, must sign the amended compact. 

After that, the US Department of Interior must approve it (DOI). The department of interior has 45 days to decide on the modified compacts. Until the updated agreement is published in the federal register, sports betting will not be permitted.  

Colville, Cowlitz, Jamestown S’klallam, Kalispel, Lummi, Muckleshoot, Puyallup, Shoalwater bay, Snoqualmie, Spokane, Squaxin island, Stillaguamish, Suquamish, Swinomish, and Tulalip are among the tribes conditionally approved for sports betting in Washington.  

Tribal gambling on major league pro sports is now legal in Washington State, according to a measure passed by the state legislature last year. Olympic activities, as well as collegiate sports, may all be bet on.

Sports betting may also be permitted at tribal casinos, as well as through mobile and web applications.

“You will need to travel to the casino premises to place a mobile or in-person wager,” Brian J. Considine, legal and legislative manager for the WSGC, explained to Casino.org.

Draft Rule Taking Place

The WSGC also adopted preliminary draught guidelines for tribal casino sports betting last week. The WSGC will evaluate and approve final sports wagering rules on july 28.

These rules address licensing requirements, licensing fees and reporting requirements, sport and sports wagering integrity, integrity monitoring providers, geolocation, system, and patron mobile account requirements.

Considine said.

According to ConsidineJuly, the money will be used for charity, problem gambling, smoking cessation, and community initiatives.

The commission’s vote shows the strong and collaborative cooperation between tribes and the state that has formed over the previous three decades

said Rebecca George, Executive Director of the Washington Indian Gaming Association(WIGA).

There are 29 federally recognized Tribes in Washington State.

Tribes Applaud the Commission’s Decision

We are just really excited to go from a place where we got the approval from the Legislature to 15 approved compacts

Afton Servas, spokeswoman for the Kalispel Tribe, was quoted by The Spokesman-Review newspaper last week.

Jaison Elkins, chairman of the Muckleshoot Tribe, was additionally quoted by the newspaper that

The effects of poverty, neglect and disease are not easily overcome…. We use every dollar from gaming.

Categories
Gaming

The Spin the Wheel Is Returning at BetMGM Michi Poker

Spin the Wheel Promotion, after making its return in Pennsylvania, will now be back to the BetMGM Michigan Poker.

The game will be back by July 4, and the promo offers exciting prizes for its players daily. It is presently available for completely registered BetMGM MI players.

Upon login to the account, players are offered one spin on the wheel for free. The promotion doesn’t contain any additional terms, requirements, and conditions.

There are eight spaces on the wheel, out of which seven have various rewards and one space. However, players can be unlucky while dropping on the empty spot but can return to try one more time the next day.

Grab some Tournament Tickets and Amazing Bonuses in Cash

BetMGM MI’s “Spin the Wheel” promotion is quite generous to go with. In addition, there are valuable prizes involved enough as a motivation to help players log in daily.

Prizes Should be withdrawn or used within the 24hr timeline.Players must utilize tickets and enter an event they are eligible for. To get the Hot Cash Bonuses, players should claim within 24hrs, after which players will have 48hours for accumulating the necessary iRPs to get the bonus.

This bonus is five times higher than the amount of increment in iRPs in the form of 20% chunks. Moreover, cash won by players from the tournament used to buy tickets that don’t have any wagering restrictions.

Players registered with BetMGM PA will enjoy a somewhat nicer deal, as they may win entries worth $215.

The Welcome Bonus & Miscellaneous offers

Players who are already registered with the site are eligible for the “Spin the Wheel” promotion. However, new visitors on the site have the advantage of using welcome offers from BetMGM Michigan like-

  • 100% match bonus of up to $600
  • $25 in Freeplay

The “Spin the Wheel” promotion will be month-long and will keep rewarding players with prizes and cash entirely dependent on the overall quantity of iRPs. This month-long deal will benefit casual gamers since the minimum requires ERP is 100.

Other Options of Online Poker in Michigan

Michigan has legalised online poker since the year 2019, but BetMGM is a newcomer to the sector.

Online poker has been legal in the state of Michigan since the year 2019, but BetMGM recently joined the market. PokerStars MI has become the biggest online poker room in the Wolverine state and was the first one at that too.

PokerStars also has the option of the deposit bonus. Moreover, the site offers $50 in Spin & Go and online tournament tickets for players. However, players will need to play at least one cash hand within the five days before qualifying.

Categories
Betting

Tax Revenues From Cannabis Set to Take a Hit With Mobile Sports Betting Taking the Lead in New York State

New York has set a benchmark in its contribution for legalizing both cannabis for adult use and mobile sports betting. A much higher state budget will be allocated, and online sports wagers are set to overtake cannabis in their share of tax revenues. 2025 will see the same surpassing a whopping 100 percent.   

The state budget saw a 10 percent rise in its total estimation since last year. The figure was a generous 212 billion dollars for 2021. 

A recent report by Thomas DiNapoli, the New York State Comptroller who reviewed the budget, specified the reasoning that denounced the allocation. 

The major driving force was the sizeable figures accrued in federal aid and newer revenues that accounted for an increase in taxes. 

The total amounted to 12.6 billion dollars. While several other factors also led to the budget growth. This includes legalizing recreational cannabis and sports betting online that summed up the total valuation at 26.7 billion dollars. 

DiNapoli has laid down estimates. A clear indication that directs 20 million dollars as tax revenues from legalized cannabis while a much higher figure is estimated for online sports betting. An assumed 99 million dollars would result in a staggering 395 percent difference.

Eighteen months have been given as the time limit till legalized cannabis can start selling. This directs all efforts to the first half of 2025, so there will be plenty of time for both programs to flourish.

The figures could be something along 245 million dollars for cannabis and 493 million dollars for sports betting online, as predicted by DiNapoli. 

The adult-use cannabis bill was passed by the lawmakers in New York and designated a law in the latter half of March. Some estimates predict seizing a chunk of the sales share amounting to 1.2 billion dollars by 2023 through cannabis. One that is only set to soar to 4.2 billion dollars by 2027.

One of the bigger ventures for which the state budget has been allocated is online sports betting, especially after it having been granted legal status in April in New York. There are two betting companies in the line-up for receiving the license awards.

This will be after the process of asking for bids across mobile betting platforms by the New York Gaming Commission is completed.

January 1 is the date set for awarding licenses, after which gamblers can start placing their bets for the Super Bowl slated for 2022. 

The legalization of Sports Betting is one of the significant changes to have happened in New York.

Categories
Sports

PFL Enters Into Broadcasting Partnership with Eurosport India

One of the world’s fastest-growing leagues, the PFL (Professional Fighters League), yesterday announced a partnership with Eurosport India for international distribution. This is the first time that the MMA will get televised on this platform.

Partnership Between PFL and Eurosport India

This partnership aims to support plans of global expansion that PFL has and also focuses on growing this sport in the country. It is worth mentioning here that PFL is the first company that presents MMA in the championship, playoffs, and regular season formats.

A Multi-year Agreement

This will be a multi-year agreement where Eurosport India will be broadcasting live PFL championship, playoffs, and regular-season events. The broadcasts will also include classic fights available in PFL’s vault so that fans can relive the journey of different PFL stars throughout the championships.

Also, the broadcasts will include original programs developed by PFL Studios, which is PFL’s global media division.

Peter Murray, CEO of PFL, said that India offers excellent growth opportunities for MMA and PFL. Peter added that they are actively examining talent present in the region so that they can join the roster of PFL and start competing for a lucrative prize.

He also mentioned that this partnership would work as a catalyst and extend these sports reach well beyond the 450 million fans that MMA has in the world.

Vijay Rajput, Senior VP, South Asia, said that they consider this to be a historic partnership. He added that they support PFL’s commitment to grow this sport in the country. This partnership will make it possible for fans to access PFL’s content and event as well as allow local talent to compete with world players.

PFL’s Global Expansion

This partnership is part of PFL’s plans for global expansion and follows the first OTT platform launch by PFL. This OTT platform is a broadcasting partnership between PFL and Telesport Russia. Other global expansion measures include deals with AB InBev, GEICO, and Acronis.

Categories
Casino

Rivers Casino And Resort Postpones its Reopening

New York-based Rivers Casino & Resort will have to wait beyond September 9, 2020, to resume operations. According to Rivers’ General Manager Justin Moore, the casino is still working with state regulators on some aspects of the casino reopening guidelines, which is causing the delay.

All state-approved casinos except Rivers are set to reopen on September 9 following an order issued by Governor Andrew Cuomo on September 3. In his announcement, Cuomo gave many relaxations to casinos, such as operating at 25% occupancy. He also instructed casinos to have specific health safety protocols in place to prevent coronavirus spread, such as installing enhanced air filtration systems.

Rivers is taking all the steps required to provide its guests with a safe gaming environment. Moore adds that the health safety of casino occupants is their utmost priority, and they are prepared to comply with state guidance in this regard. He assures that the casino would adhere to Cuomo’s instructions of social distancing, mandatory face mask-wearing, and no eating or drinking on the gaming floor.

This is the first time since March 2020 that New York casinos will be open to the public. With their reopening, casinos are hoping to make profits again. Moore says that Rivers would announce its reopening date soon after getting approval from the state for activities like table games and sports betting. He clarifies that if the state does not allow table games, then Rivers will not reopen.

Categories
Casino

Encouraging Results for SkyCity’s Online Casino in First Year of Operation

SkyCity Entertainment Group, a New Zealand-based casino operator, has shown remarkable results in its first year of operations. The whole planet witnessed a complete lockdown for a major part of this year because of the pandemic. The country closed its borders in March, and the gambling establishments had to do without their regular tourist clientele.

The annual financial report released on Thursday showed very encouraging results. For the 12-months ending June 30, revenues shot up by 36.8% year-on-year to reach NZ$1.125b (US$761m). Earnings and net profit after tax were equally positive, showing NZ$348.3m (a rise of 17%) and NZ$235.4m (rise of a staggering 62.8%), respectively.  

What makes these figures particularly laudable, are the adverse conditions that the SkyCity Entertainment Group went through last year.  Its under-construction New Zealand International Conventional Center (NZICC) at Auckland was almost razed to the ground in a major fire. Further, its three casinos in New Zealand and the one at Adelaide, Australia were closed since March because of Covid-19.

An analysis of the figures shows that business was booming at the casinos; however, this is entirely not true. It shows a different picture if the normalized stats discounts are excluded from the calculations. Certain variables that lie outside the purview of operational revenue and profits are included in the balance sheet. Firstly, the SkyCity’s long-period concession car park sale, followed by the non-cash compensation of 150m AUD for the under-renovation Adelaide casino license and a revised time limit to achieve durable potential earnings post-expansion.

When the concession-type “normalized” level is taken into account, the picture changes radically – revenue down by a quarter to NZ$779.5m, earnings drop by 37.7% to NZ$200.7m, and profit after tax crash by nearly 60% to NZ$66.3m.