Industry News of the Day for August 7, 2019

Industry News of the Day for August 7, 2019

iDEA Growth Member News:

Pennsylvania:

South Carolina:

  • Sports Handle, 8.6.19 – ‘Palmetto Forum’ Taking Sports Betting Conversation To South Carolinians
    • To date, legal gambling and sports betting hasn’t had legs in South Carolina. But that could change as two former elected officials advance in the coming months a traveling forum with town-hall style meetings, to discuss gaming and sports betting as a way to help the state generate new revenue streams.

North Carolina:

Tennessee:

Indiana:

  • Hoosier State Bets, 8.7.19 – Penn Sports Interactive Awarded Preliminary Licensure In Indiana
    • Indiana’s upcoming sports betting industry continues to take shape. On Monday, Penn Sports Interactive, LLC, an offshoot of Penn National Gaming, Inc., was issued a temporary vendor license for sports betting in the Hoosier State.

Overall Industry News:

  • Bloomberg, 8.6.19 – Eldorado Considers Spinning Off Sports Betting After Closing Caesars Deal
    • Eldorado Resorts Inc., fresh off an agreement to acquire Caesars Entertainment Corp. and become the largest casino owner in the U.S., has more deals in mind. Chief Executive Officer Tom Reeg is considering a spinoff of its sports-betting and online-gambling businesses after the Caesars purchase closes next year.