#BetMakers (@TheBetMakers) welcomes unanimous vote to deliver #fixedodds #wagering to #NewJersey from @SBCGamingNews

The Board of BetMakers Technology Group has welcomed a vote in New Jersey’s Senate and General Assembly this week that unanimously approved the passing of the Fixed Odds Bill, authorizing fixed odds betting on horse races in the state via a fixed odds wagering system.

The Senate voted 40-0 in favor of the bill after amendments were made to accommodate horsemen groups and stakeholders. The legislation was then declared passed after a unanimous vote 71-0 in favor by the General Assembly.

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Under the formal legislative process, the bill now passes to the Governor of New Jersey for final approval to become law.

As previously announced, BetMakers has secured an exclusive 10-year agreement with the New Jersey Thoroughbred Horsemen Association and Darby Development – the operator of Monmouth Park racetrack – to deliver and manage fixed odds thoroughbred horse racing into the Garden State.

CEO Todd Buckingham stated: “We are pleased that the bill, after minor amendments, has now passed full votes on the floor of the Senate and General Assembly in New Jersey. The legislative process has been thorough and exhaustive in terms of our consultative approach with lawmakers and stakeholders in the New Jersey racing industry.

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#SuperBookSports® (@SuperbookSports, @SuperbookCo) and #JacobsEntertainment, Inc. are proud to announce the #GrandOpening of #TheSuperBook at the #LodgeCasino

Nevada’s premier sports book will open at The Lodge Casino in Black Hawk, Colorado on June 25, 2021

DENVER, June 21, 2021 /PRNewswire/ — Jacobs Entertainment, Inc., a gaming, hospitality and entertainment company that operates in Colorado, Nevada and Louisiana, in partnership with SuperBook Sports®, announced today that the new, state of the art traditional sports book, The SuperBook at the Lodge Casino, will host a Grand Opening event Friday, June 25 at The Lodge Casino in Black Hawk, Colorado.

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SuperBook Sports, the largest and one of the most successful sports books in America, also currently operates at the Westgate Las Vegas Resort & Casino. In late 2020, SuperBook Sports launched their mobile wagering app in Colorado. The mobile wagering app features all that has made SuperBook Sports one of the most trusted and reliable operators in the industry. Together with the app, The SuperBook at the Lodge Casino will bring SuperBook’s winning formula of best-in-class technology, first class entertainment, award-winning customer service, and the industry’s most expansive wagering options to one of Colorado’s most popular gaming destinations.

The SuperBook Sports team has been in business for more than three decades and has written the playbook for successful risk management and oddsmaking. The opening of this traditional style sports book in Colorado will be the first retail location branded with the World Famous SuperBook name outside of Las Vegas. Located on the second level of the Lodge Casino, this nearly 7,000 square foot sports book is home to twenty-eight (28) state of the art televisions. In addition, they will have the same type of comfortable and functional seating they are known for in Las Vegas, a fully loaded bar, and the same outstanding service that both the Lodge Casino and SuperBook Sports are known for. Patrons can place wagers by visiting one of their three betting windows, visiting one of the kiosks located throughout the casino floor, or sit and enjoy the game while betting on the app.

The SuperBook Sports team is led by sports betting industry icon Jay Kornegay, a Colorado native and one of the most respected and successful operators in the sports book industry. “Having Jay Kornegay lead this exciting opportunity, along with his reputable team, we have no doubt that Colorado fans are sure to appreciate the knowledge and experience they bring to the market,” commented JJ Garcia, Vice President of Operations for The Lodge & Gilpin Casinos. “We could not be more excited for the Grand Opening of The SuperBook at the Lodge Casino. It is a perfect fit for our initial expansion outside Las Vegas,” says SuperBook Sports Executive Vice President of Sports Book Operations Jay Kornegay. “We will continue to focus on what sets us apart: better odds, favorable pricing and an extensive wagering menu. Having a partner with the stellar reputation and well-known brand of The Lodge will only make us that much better.”

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In Positive Development for #Gaming Industry, #DOJ Declines to Pursue Previous Administration’s Push to Expand Reach of #WireAct Beyond #SportsBetting from @iDEA_Growth

WASHINGTON, DC – June 22, 2021 – The gaming industry breathed a sigh of relief today as the U.S. Department of Justice (DOJ) allowed a deadline to pass to seek Supreme Court review of an appeals court decision surrounding the 2018 interpretation of the federal Wire Act and its applicability to gaming other than sports betting. This lack of action settles the question of whether gaming such as regulated online lottery ticket sales, poker, or casino games falls under state or federal law.

In 2011, the DOJ’s Office of Legislative Counsel (OLC) undertook a review of the Wire Act and concluded that its prohibitions applied only to online sports betting. After the 2011 ruling, several states enacted legislation and built infrastructure to license internet poker and casino gaming operators within their borders and/or sell lottery tickets online, in reliance on the OLC opinion. However, in 2018, the Trump Administration DOJ had the OLC revisit the 2011 guidance, resulting in a new opinion that extended the Wire Act to all forms of internet gambling, creating confusion throughout the industry.

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Shortly after the 2018 opinion was made public, the New Hampshire Lottery and its partner NeoPollard filed suit against the DOJ in the District of New Hampshire. iDEA Growth joined the suit in an amicus capacity on behalf of the online gaming industry. In iDEA Growth’s briefs filed in the case, it argued that both states and industry actors had acted in reliance on the 2011 interpretation of the Wire Act in developing their online gaming offerings; these offerings included multi-state compacts that allowed online poker operators to allow players in multiple states where online poker was legal to play in games with one another.

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#NASDAQ (@NASDAQ), #MURREN INVEST IN MAJOR FUNDING ROUND FOR #US #SPORTSBETTING EXCHANGE from @LSPReport

Sporttrade, the company aiming to launch the first legal US sports betting exchange, announced Monday a $36 million funding round with investments from some of the biggest names in finance.

The round was led by Chicago VC firm Jump Capital and also included Jim Murren, former CEO of MGM Resorts International, and Tom Wittman, former CEO of the Nasdaq Stock Exchange.

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As part of the raise, Sporttrade also issued convertible debt to Nasdaq’s investment arm, Nasdaq Ventures.

Investors providing more than just money

Other investors in the round included:

Impression Ventures
Hudson River Trading
Tower Research Ventures

The latter two names are both quant trading outfits and will be involved with market-making at the sports betting exchange.

Sporttrade plan to launch its first product in the second half of 2021 in New Jersey, pending regulatory approval.

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Turnpike Sports® BetFlash®

This week’s stories include Pennsylvania sports betting passing the 5 billion dollar mark, Action Network announces deal with the NHL and upcoming sportsbook launches.
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Check out this week’s episode Turnpike Sports®!

#Ballys Corporation (@BallysCorp) Announces Arrangement With #BootHill #Casino & Resort (@BootHill_Casino) To Launch #Mobile #Sportsbook In #Kansas

(PRNewsfoto/Twin River Worldwide Holdings, Inc.)

PROVIDENCE, R.I., June 21, 2021 /PRNewswire/ — Bally’s Corporation (NYSE: BALY) today announced that it has entered into a multi-year market arrangement with Boot Hill Casino & Resort, located in Dodge City, Kansas. With the pending Kansas state sports betting legislation, Boot Hill Casino is committed, as a manager on behalf of the Kansas Lottery, to timely and effectively implement “Bally Bet,” Bally’s mobile sportsbook, to provide Kansas sports fans access to sports betting upon enactment of the legislation. Bally’s expects that its media partnership with Sinclair Broadcast Group, which provides it with access to integrate content into Sinclair’s portfolio of 19 regional sports networks, will also attract sports fans in neighboring states to the Kansas mobile sportsbook.

All gaming in Kansas is owned and operated by the Kansas Lottery. The arrangement, as required by law, would license, transfer or lease the necessary Bally’s mobile sportsbook elements to the Lottery to offer Kansas sports fans a premium sports betting platform.

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With the ability to offer mobile sports betting in Kansas, Bally’s national presence would expand into its 14th state, including CO, DE, IA, IN, IL, KS, LA, MO, MS, NJ, NV, PA, RI, and VA. Notably, Kansas represents the third state where Bally’s does not maintain a land-based casino and would establish its market presence through Bally’s online platform.

George Papanier, President and Chief Executive Officer of Bally’s Corporation, said, “We are extremely excited to work with Boot Hill Casino & Resort in Kansas. This relationship, which marks the 14th state in which customers can access our omnichannel platform, provides a significant opportunity for Bally’s to enter into yet another attractive mobile sports betting market. With the approval of pending sports betting legislation in the state, we can’t wait for Kansas sports fans to engage in our best-in-class online sports betting offerings.”

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Debate on Canadian #SportsBetting Bill Likely to Resume Monday from @Casino_org

The Canadian Senate is expected to resume debate Monday on C-218, the bill to legalize single-game sports betting in the country, and members will likely have to decide on an amendment supporters say could derail the bill’s chances of passage.

Monday also starts the final week of the Senate’s session before it adjourns for the summer. There’s been speculation that the Canadian government will look to dissolve Parliament before it reconvenes in September and call for new elections in the fall.

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The House of Commons, where the bill originated, is set to adjourn on Wednesday. If the Senate were to amend the bill, sponsored by MP Kevin Waugh (Conservative-Saskatoon-Grasswood), there likely would not be enough time to reconcile the bill before the break.

If C-218 does not pass and Parliament is dissolved, the bill would have to start anew when the next Parliament convenes. It also means, with an exception detailed below, parlay betting would remain the only legal form of sports betting in Canada.

The Senate session Monday is scheduled to start at 2 pm ET.

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#SportCast: Bringing game-changing concepts to evolve #sportsbetting from @SBCGamingNews

SportCast, a pioneer of the BetBuilder concept, is eyeing the ‘next phase’ of its vision to redefine the sports betting experience with the backing of Scientific Games.

SBC News caught up with SportCast Managing Director Ryan Coombs and Operations Director Matthew Turk to find out how the recent acquisition will help drive future innovations from SportCast.

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This includes its ambitious plans to shake up the ‘stagnant’ in-play betting experience as part of an end-to-end solution that will power the next generation of sportsbooks.

SBC: First of all, how important is the acquisition in taking the SportCast business forward?

Ryan Coombs (RC): We’ve achieved a lot of growth in recent times, which has perhaps gone somewhat under the radar. We provide our services to more than 50 of the world’s biggest operators, including BetMGM, PointsBet, Sky Bet, Tabcorp, Fortuna and many more.

With the US market rapidly opening up, we felt it was the right time to partner with an organisation to accelerate the next phase of our business growth.

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#USABASKETBALL (@USABasketball) AND #MGMRESORTSINTERNATIONAL (@MGMResortsIntl) ANNOUNCE EXPANDED #PARTNERSHIP

MGM Resorts to Host USA Basketball Men’s and Women’s National Team Training Camps and Exhibition Games July 6-18 in Las Vegas

Colorado Springs, Colorado (June 10, 2021) – USA Basketball and MGM Resorts International, a leader in the sports and entertainment industry, today announced an expanded, multi-year partnership, tipping off this July in Las Vegas. As part of the partnership, MGM Resorts will be the Official Training Camp Home of the USA Basketball Men’s and Women’s National Teams, as well as an Official Integrated Resorts Partner of USA Basketball and an Official USA Basketball Exhibition Tour Partner.

As the new Training Camp Home of the USA Basketball Men’s and Women’s National Teams, MGM Resorts, in partnership with USA Basketball, will host four additional countries in Las Vegas, creating a must-see international basketball competition prior to the teams’ departure for Tokyo.

Fans will have the opportunity to watch seven USA Basketball Men’s and Women’s National Team exhibition games July 10-18, as both teams take on top international opponents in preparation for this summer’s historic competition. The lineup includes a rare opportunity to see both the USA Men’s and Women’s National Teams play live on the same days, July 16 and 18, as well as opportunities to see three additional matchups between the other foreign national teams. Each of the five days of exhibition games will be doubleheaders. Tickets go on sale Wednesday, June 16 at 10 a.m. PDT, and ticket information is available online at axs.com.

“USA Basketball is proud to expand its partnership with MGM Resorts. We’re excited to bring our national teams to their properties as we prepare for the challenging competition that lies ahead this summer,” said Jim Tooley, USA Basketball CEO. “Training camps are such an important foundation for our preparation and having such a strong commitment from MGM positions us for great success.”

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