Industry News of the Day for January 11, 2019

Industry News of the Day for January 11, 2019

Industry news of the day:

Pennsylvania:

New Jersey:

  • Online Poker Report, 1.11.19 – New Casino Owner in New Jersey: Struggling Ocean Resort Sold Again
    • Barely six months after cutting the big blue ribbon in front of Ocean Resort, developer Bruce Deifikis selling his majority ownership in the struggling property. A Thursday report from the Associated Press provided confirmation of rumors which first escaped into the light a day prior.
  • New York Post, 1.10.19 – Best in sports betting coming to New Jersey in chase of title
    • DraftKings is hosting its inaugural Sports Betting National Championship on Friday through Sunday in New Jersey with a $10,000 buy-in and a guaranteed $1 million first-place prize, but it’s turning into a true national event.

Connecticut:

West Virginia:

Virginia:

  • Sports Handle, 1.10.19 – New Virginia Sports Betting Bill Focuses on Mobile Wagering
    • Virginia Delegate Marcus Simon (D-District 53) jumped on the sports betting bandwagon Tuesday when he pre-filed a sports betting hill ahead of the start of the general assembly session. The session began Wednesday, and Simon’s bill is now the third filed in the state, and the second on the House side. All three have been filed by Democrats.
  • Henrico Citizen, 1.10.19 – Senator proposes bill to legalize sports betting in Virginia
    • State Sen. J. Chapman “Chap” Petersen says his bill to legalize sports betting in Virginia will “recognize the obvious.”

Indiana:

  • Sports Handle, 1.11.19 – New Indiana Sports Betting Bill Doesn’t Address Tax Rate
    • Indiana State Senator Jon Ford (R-District 38) took a second crack at legal sports betting this week, when he filed a bill that would allow state-wide mobile sports betting and sets a six-figure licensing application fee, but does not address a tax rate. Ford is one of two Indiana lawmakers who filed sports betting bills in 2018, but both languished in committee.

New York:

Michigan:

Nevada:

New Hampshire:

Federal updates:

  • No new federal updates to report.

Sports league updates:

  • Reuters, 1.10.19 – Super Bowl broadcast will have no sports betting chatter: CBS
    • The Super Bowl may be the biggest sports wagering event in the United States each year, but announcers will not be talking about betting during the broadcast of the big game next month, CBS said on Thursday.
  • The Seattle Times, 1.10.19 – New Wizards telecast opens door to sports betting through TV
    • A new, gambling-focused telecast of Washington Wizards games is just the appetizer to what the team and its TV partner hope will be a more substantial main course: giving fans the ability to place bets in real time while watching games at home.
  • NJ Gambling Sites, 1.11.19 – Hitting Paydirt: SugarHouse Call for NFL Divisional Round of NJ Sports Betting
    • Frenzy and pandemonium filled the NFL Wild Card weekend. All four underdogs covered the spread (depending on the sportsbook), including in Chicago, where a “double-doink” missed field goal attempt allowed the Philadelphia Eagles to slip by the Bears.

Member updates:

  • NJ Online Gambling, 1.10.19 – 7 Questions About the Inaugural DraftKings Sports Betting National Championship
    • The inaugural DraftKings Sports Betting National Championship begins on Friday in New Jersey with a $1 million top prize and $2.5 million guaranteed, with perhaps as few as 175 or 200 sports bettors vying for the crown and the jewels.
  • Gaming Post, 1.10.19 – Paysafe Group Announces Major Changes
    • Cross-continental online payments provider the Paysafe Group, owner of both Neteller as well as Skrill online payment wallets, has made an announcement that may cause an upset amongst some of the company’s users. 

Overall industry updates:

  • No overall industry updates to report.