Online Gambling Tips, Trick And Strategy

Showing: 1 - 10 of 175 RESULTS
Gambling News

Colorado Sports Betting Enjoys Profitable First Month

[ad_1]

As summer draws nearer, major sports are putting into place plans to return to action.

The NBA is ready to resume play July 31 in OrlandoFlorida. While still needing final approval for it, the NHL appears to have the intention to get players back on the ice around the same time.

Golf is back, while NASCAR and UFC are well underway.

In what would normally be a down time of the calendar year, summer 2020 holds the potential to be significant for legalized sports betting.

On to the Rewind:

Colorado sports betting starts hot in first month

When Colorado sports betting went live May 1, many expected a slow start. After all, the world was in the middle of the coronavirus pandemic, sidelining most sports and closing casinos and retail sportsbooks.

Regardless, online books launched in the Centennial State. And the result is an opening month that is nothing to scoff at.

With six operators live in May, legal wagering in Colorado totaled $25.5 million in handle with an official release from regulators expected June 15.

Several major players helped kick off the state’s regulated industry:

  • BetMGM
  • BetMonarch
  • BetRivers
  • DraftKings Sportsbook
  • FanDuel Sportsbook
  • Fox Bet

While paling in comparison with the likes of New Jersey and Pennsylvania, Colorado’s first month is not at all terrible. As Legal Sports Report noted, Oregon reported $7.3 million in handle during May, though it only features one online operator.

Still, Colorado enjoyed a solid first step, as semi-major events such as The Match 2, UFC, NASCAR, Bundesliga and Korean baseball carried the load.

Certainly, Colorado, as well as other states with legal sports betting, will benefit from the return of major sports. The NBA plans on returning July 31, and the NHL is closing in on a resuming play around the same time.

Is online sports betting on the way in Illinois?

Like many states without legal online gambling offerings, the gaming industry in Illinois has suffered amid the pandemic.

The Land of Lincoln already had plans to integrate online betting, which we expected by 2021. However, Gov. J.B. Pritzker recently issued an executive order that struck down the state’s requirement for in-person registration for mobile wagering.

This means that once operators are approved to operate online, those interested in betting via a mobile device can sign up from the comfort of their own homes.

The state requires in-person registration until the Illinois Gaming Board issues the first of three standalone online-only licenses, which, according to law, cannot be issued until 540 days after brick-and-mortar sportsbooks opened April 9. Pritzker’s latest order does not void the in-person requirement but rather suspends its enforcement.

That said, Illinois does not feature any operators licensed to operate online. Naturally, then, many wonder if Pritzker’s order will expire before the first mobile products go live. In this case, in-person registration returns as a requirement.

Regardless, the governor’s latest move could entice stakeholders to accelerate their negotiations to enter the Illinois online market, thus creating a more aggressive timeline for launching online products.

Potentially, if all things go right, Illinois could begin recouping lost revenue by launching the first legal online sportsbooks.

Welcome back, Las Vegas casinos

At long last, following weeks of closure, casinos in Nevada began reopening on June 4. By sunrise, the Vegas Strip was back open for business.

As a result, the first casinos in the mecca of American gambling made their reintroduction.

The likes of Caesars Palace, the Flamingo, the Cosmopolitan, BellagioMGM Grand and New York-New York, among others, welcomed enthusiastic guests.

The state requires all casino employees to wear protective masks while only recommending the attire for patrons. Many properties conducted temperature checks before admitting guests while also supplying touch-free sanitizing stations and even providing single-use masks.

Even with socially distant slots and limited seating at table games, Vegas made its return and seemingly started its way back to normalcy.

What matters is this becomes another sign that we are closer to reaching the end of the tunnel.

[ad_2]

Source link

Gambling News

Is Horse Racing The ‘Original Sports Bet’ With Long-Term Appeal For Gamblers?

[ad_1]

Alex Waldrop is as optimistic about the current and near-future state of the pari-mutuel industry as a president of the National Thoroughbred Racing Association could be after the Triple Crown has been postponed, reshuffled, altered.

But with the Kentucky Derby moved from the first Saturday in May until Sept. 5, the traditional Triple Crown-capping Belmont Stakes shortened and pushed back to June 20 and the Preakness Stakes now the finale on Oct. 3, Waldrop sees a chance for horse racing to sustain some of the sports betting interest it absorbed during the COVID-19 shutdown.

Horse racing is uniquely qualified in the endeavor of enduring after decades of decline, and Waldrop believes it’s poised now to establish a new foothold.

PlayUSA spoke to Waldrop about this old-school sport will gallop into a digital realm of modern sports betting.

What has helped horse racing raise its profile since the major four sports were forced to shutter in March?

Waldrop: A couple of the things that we have done probably the strongest over the last couple of months is the fact that we have been on two national cable channels, FOX Sports and NBC Sports on Saturday afternoons, which has given us visibility, which we don’t ordinarily get beyond TVG, which is the primary television channel for horse racing.

 It’s available widely, but not widely on cable, generally on streaming live on the internet. But FOX and NBC Sports have both been showing us. In fact, NBC Sports has been taking TVG and rebroadcasting it on their own channel through all of their subscribers, nationwide. FOX Sports has done the same for some of the same tracks. Churchill Downs has exclusively on Fox.

So you have big platforms now that are showing racing that’s giving us visibility to people who don’t ordinarily watch racing horse racing as a sport. And then just [last week] we rolled out a new marketing strategy, a new marketing awareness campaign that is going to be focusing not just on television but also on digital and social media.

 And we have our [advance-deposit wagering] platforms, those online platforms which allow people to watch and wager every day. But certainly, now that opportunity is at a premium because many sports bettors don’t have that opportunity. From what I can tell, it raises our profile.

How have race tracks gone about conducting race cards safely while much of sports is shut down?

We’re doing it in a safe and responsible manner because we can social distance on these expansive back stretches. We’re not allowing fans in the stands. We’re protecting anyone who has to work on a daily basis there with all the hygiene protocols and social distancing protocols.

And the horses themselves, fortunately, the primary athletes, are not susceptible to the virus, so they can compete safely. And, we, of course, have to be mindful of the jockeys themselves.

Besides just being available, what has made horse racing an attractive option for bettors recently?

One of the things we have noticed, one of the other things that has gone up significantly, is the average field size, more horses per race, which we also think is a big factor here because that makes for a much more attractive betting interest. Bettors like full competitive fields because it means that the payouts will be better, on balance. And so as average field size has gone up, we’ve seen that handle increase, which is frankly what we had always known, that field size is important, hard to parse out exactly how important, but it’s very important.

How important is it to exploit the exposure the Belmont Stakes should get on June 20 before other major sports return?

It was disappointing to lose our normal season, if you will. Horse racing season is really the lead-up to and including the Triple Crown. And it’s never good to lose that traditional season because that’s the one time of year when we were top-of-mind. The ability to come back now, later, is great. For the Belmont to be on a day when it’s the only game in town, literally, that’s also great. We’ll see how that field shapes up. It’s going to be a different race, a shorter race.

Is Monmouth Park’s foray into fixed-odds wagering in July potentially a game-changer for horse betting in a growing sports betting market? 

Well, it’s certainly going to be for a guy like [Monmouth operator] Dennis Drazin, who’s as creative as anybody in the business. We’ll see how that picks up across the country with other operators.

How crucial is bridging the two systems between sportsbook wagering and commission-based pari-mutuel wagering?

You have to have a high tolerance for risk. Horse racing thrived more than a century ago because of the commission-based structure that it had, which really for the operator removes that operator from the process, provides an element of security and also of integrity, but also makes it difficult for some of these operators to go back into this world where every wager they have to set a price.

They’re used to letting the people that set the price and that works. And while in theory, it seems great, we know that there are sports bettors out there, there are horse players out there that are really annoyed by the fact that they think they have one price when the horse goes out of the gate and then by the time that the race is over them, the price has dwindled some because of the late-changing odds on the board, which are not because of past posting, we call it, not because people are betting after the race starts, but it’s because we’re collecting wagering from some 2,000 sites around the country and that can’t be done instantaneously. It takes some time to collect all those wagers.

Then generally that late money is going to change the odds and smart guys wait until the very last to bet and so when that price goes down, it is sometimes the inclination of folks to think there’s some kind of shady dealing going on and in fact there are people out there just as smart as they are who figured it out and just put bet a little bit later than they did.

No one wants to think someone else had the same brilliant notion, especially if it came in late, right?

Right. Nobody wants that smart money. That’s why they love Derby day. That’s why people love the Triple Crown – bettors do – because there’s a lot of folks in the pools that aren’t as savvy as the everyday player.

Because dabblers with a julep in their hands are betting colors and their favorite horse names?

Yeah, so you get these massive win pools or just massive pools that are just there for the picking for the guy who can figure out exactly what’s going to happen. It makes for a great day of wagering, but day in and day out, it’s tough because there’s so much information available about our sport now. And so it’s hard to define that one nugget that the other guy’s not going to get and focus on.

We run the National Horseplayers Championship, NHC, which is conducted in Vegas every February. We deal with the best of the best because we name the horse player of the year and give that person an Eclipse Award. And, so, we see firsthand how savvy these guys are. They’re men and women. I say guys, I don’t mean to exclude women. Certainly there are many women who enjoy horseplaying as well. And so there’s a lot of folks that love our business and we’re trying to get more to understand the unique challenges.

Fixed-odd wagering is part of that. It’s hard for me to say right now just exactly how quickly that would catch on and to what extent that will take up what percentage of the handle. It’s hard to tell right now.

[ad_2]

Source link

Gambling News

DraftKings Sportsbook Lands Partner For Michigan Sports Betting

[ad_1]

A major player in the world of legal sports betting has found an entrypoint into Michigan.

DraftKings Sportsbook announced it has partnered with Bay Mills Indian Community, a tribe in the Upper Peninsula that operates two casinos in the state.

As a result, ahead of Michigan launching online sports betting, DraftKings gains an avenue to its eighth state to offer legalized online wagering.

DraftKings pads state sports betting portfolio

The daily fantasy sports giant began its quick rise to power in 2018 by making its debut in New Jersey. It has since taken over as a dominant force in the Garden State and has aggressively expanded as other states passed legislation to regulate wagering.

Since its New Jersey origins, DraftKings Sportsbook has started operations in the following states:

  • Pennsylvania
  • West Virginia
  • Indiana
  • New Hampshire
  • Iowa
  • Colorado

In addition, DraftKings boasts branded retail sportsbooks in Colorado, Iowa, New Hampshire, New Jersey, Mississippi, and New York.

DraftKings, which recently started to offer DFS in Michigan, became a publicly traded company toward the end of April and has become quite successful as stocks have risen from $17 to $41 during that stretch.

The company certainly has high expectations for Michigan sports betting, as stated by Ezra Kucharz, chief business officer for DraftKings, in the press release.

“The Great Lakes State presents a number of gaming opportunities and we look forward to collaborating with Bay Mills to provide residents with the best-in-class experience DraftKings is known for.”

Bay Mills gets into the swing of sports betting

As indicated, DraftKings will operate a branded brick-and-mortar sportsbook at Bay Mills Resort & Casino, the longest-running casino in Michigan.

The Bay Mills tribe stood as one of 15 partnerships available for sportsbook operators and actually became one of the later land-based properties to land such a partner.

That said, while late, Bay Mills gained quite an asset in DraftKings.

After all, competing properties boasted renowned sportsbooks as FanDuelWilliam HillFox Bet, BetMGM and PointsBet.

With DraftKings, Bay Mills wields a powerful tool as the company features a wide customer base and great familiarity. For good reason, Bay Mills has expressed excitement for the next step.

“We are excited about our new partnership with DraftKings,” Bryan Newland, tribal chairman for the Bay Mills Indian Community, said in the release.

“Expanding on what entertainment options we can offer at Michigan’s longest operating gaming facility is always our goal. Our new on-site DraftKings Sportsbook will be one more great reason for Michiganders to vacation with us in the Upper Peninsula.”

[ad_2]

Source link

Gambling News

Will Louisiana Sports Betting Hit The Ballot This Fall?

[ad_1]

What a magical day May 24 became.

Four of the greatest athletes in their respective sports took to the links at Medalist Golf Club in Florida, pitting Tiger Woods and Peyton Manning against Phil Mickelson and Tom Brady.

Through a downpour, these GOATs persevered. Not just for bragging rights (which went to Tiger and Peyton). Not only for our own entertainment (with cart cams and live mics on each player). Not just to jumpstart legalized sports betting (which as gone without major sports since mid-March due to the coronavirus pandemic).

On the eve of Memorial Day, these greats came together for a good cause, raising over $20 million for COVID-19 efforts.

Despite terrible playing conditions, The Match 2 became a silver lining. And it signified, potentially, that the light at the end of the tunnel is getting closer.

Now, on to the Rewind:

Louisiana sports betting one step closer

Legalized sports betting in Louisiana appears close to hitting the November ballot, although one senator’s choice to include technical additions in the bill has delayed the bill’s passage in the House.

While legislation passed by a 73-23 vote, Speaker Pro Tempore Tanner Magee opted to include “participation in sports wagering … shall not be considered gambling by computer” in the bill. Such a choice would allow casinos to enter a bettor’s wager into a computer.

From here, the bill heads to the Senate, where a committee needs to sign off before sending it to the floor. The House expects to review details of a similar bill this week and could elect final passage, thus sending the bill to the November ballot.

Time is of the essence for Louisiana lawmakers, as the legislative session is scheduled to adjourn June 1.

Should parishes approve the legalization of sports betting, state lawmakers would craft additional details of the industry, such as regulations, next year.

Green-lighting regulated wagering in Louisiana would certainly provide a boost for casinos in the state, which already compete with properties in neighboring states that offer legalized sports betting.

Leagues still on hook for fighting legal sports betting

Two years later, and history again repeated itself.

The US Supreme Court ruled that it would not hear appeals over a Third Circuit ruling that major American sports leagues could owe restitution after the court struck down PASPA in 2018 and ultimately cleared the way for state-sanctioned sports betting.

Now the case moves to Third Circuit in New Jersey, where a decision could come down regarding how much leagues would owe the New Jersey Thoroughbred Horsemen’s Association, operators of Monmouth Park.

Initially, the association requested that the likes of MLBNBANCAANFL and NHL use their $3.4 million in bonds to cover a temporary restraining order. And on top of that: an additional $150 million in damages.

Those five leagues stood as the main opponents of New Jersey regulators attempting to legalize sports betting in 2014. And Monmouth was ready to become the first property with a sportsbook.

The horsemen’s association noted that leagues were already landing deals with daily fantasy sports operators at the time, a grey area for many that shades closer to gambling as players could win money based on sports.

Eventually, four years after the fact, Monmouth did become the first location in the Garden State to accept legal wagers. Yet the fight for more continues.

New casino on the way to Chicago

For years, lawmakers and stakeholders have laid the path to potentially bring a casino to Chicago.

Now, it seems one is on the way.

The Illinois General Assembly worked late into the night last week to sign off on a $41 billion budget plan that relies on borrowing money and potentially receives help from the federal government amid the coronavirus pandemic. Amid all this, the Illinois Senate approved the casino plan by a 42-14 vote.

Now it awaits approval from Gov. J.B. Pritzker.

Sen. Bill Cunningham estimated that Illinois capital programs will receive $45 million in licensing fees before the casino even opens. To boot, Illinois would also receive $700 million in “a re-worked reconciliation fee.”

When the casino does open, revenue will help fund pensions for Chicago’s police and fire employees.

[ad_2]

Source link

Gambling News

How Can US Sports Return? Analyzing How To Get Back In The Safe Zone

[ad_1]

The job was always going to require immunologists. Developing a plan to safely relaunch college and professional sports is requiring foot doctors, too. Or at least one.

Dr. Glenn Copeland is walking the immunologists, players and coaches toward what sports may look like during a post-COVID-19 pandemic.

It will not be a quick fix, Copeland told PlayUSA, but it’s doable. He is comforting and yet sobering with his assessment.

He even jokes when asked which sports will be easiest to return: “The one sport we could have back today is fencing. You get a mask, you get gloves and if somebody comes within 6 feet, you get to stab them.”  

Two decades spent in clubhouses and training rooms as a team podiatrist for the Toronto Blue Jays has instilled knowledge of how crucial support systems must operate. As a consultant for QuestCap, Copeland serves as a liaison between those developing and administering tests for the novel coronavirus and those trying to keep them from becoming patients.

Tough task, tough choices 

Reopening the sports industry (and thus, many more options for US sports betting) is as complicated as throttling up the global economy.  

Athletes have no luxury of social distance. Neither do the coaches and trainers who form the ancillary village around their every activity. Players sweat, expel vapor with every gulp for air, touch teammates, opponents, weights and equipment. There is no amount of janitors and bottles of disinfectant to squelch every potential contamination point.  

These microscopic interactions have mammoth implications for the way sports are contested, consumed and increasingly bet upon. 

A recent Major League Baseball proposal for conducting a truncated season outlined the billions of dollars in TV revenue at stake from networks broadcasting games. Meanwhile, data from Australia reveals that fans are less interested in watching televised games devoid of fans.

Such is the playing field with an unseen and highly contagious novel coronavirus responsible for more than 300,000 worldwide deaths lurking potentially everywhere.

Copeland sees the spaces surrounding these athletes and the pathway to commencing sports again as a matter of “zones.” 

Under QuestCap’s guidance, navigating each zone would ensure avoiding the transmission of the virus to a competitor, the support staff or a fan.

How did an investment firm become a COVID-19 warrior?

Copeland describes QuestCap as a “humanitarian company formed to address climate issues” that now trades in expertise and the IgG and IgM antibody tests. It secured the right to market with a South Korean supplier in April. 

These rapid tests are the means to establish viral moats around athletes and perhaps convince leagues and players that it is safe to resume play.

Though he won’t divulge the teams, Copeland told PlayUSA that QuestCap has consulted with around 20 MLB, NBANFL and NHL teams. Just two of those are NFL franchises and “three to four” have retained the company’s services.

Even with the Bundesliga, NASCAR and UFC back to live, albeit fanless, competition, there is much work to do. 

For TV networks, leagues, sportsbooks, fans, or bettors who simply want games back, a relapse would be demoralizing and costly.

UFC 249, which used its anticontamination protocols, proceeded last week even after a fighter tested positive for the virus.

“I think it was really positive, given that one of the fighters tested positive for coronavirus and that he was able to be self-quarantined. It just showed that the system worked and that the sport was able to move forward to do so in a healthy competitive way. I think that was maybe a good barometer for things moving forward,” said the Circa Sports sportsbook operations manager Jeff Benson

“You certainly don’t want to rush things back and get hit with a second wave of things, where you do close and it may be (that it) ultimately hurts us more so than the first time.”

How QuestCap aims restart of sports 

Copeland understands that games are not contested merely on fields and courts. They’re won or lost in weight rooms, training rooms and practice courts. 

Mitigating COVID-19 at the root is left to another QuestCap partner, Stanford Medicine neurologist and immunologist Dr. Lawrence Steinman.

In concert, and with their available supply of rapid and long-term antibody tests, they’ve established a system to insulate participants inside two zones of COVID-free security.

The so-called “outer zone,” Copeland said, “is the world. That’s where everybody exists.”

The middle zone, he said, “is usually taking place just inside or just outside the front door of the stadium where players and anybody coming to try and get into the inner zone has to go through.”

The inner zone, as much as testing can assure it, would be a pristine workspace.

“That middle zone is where the temperatures are taken, symptoms are done and the antibody testing is done and nobody gets into the inner zone until they’ve gone through the middle zone, the testing, the data collection, the review of the data, the temperature, the symptoms,” Copeland said. 

“Once they pass in that middle zone, then they’ve got a green light they’re then given if you will, a passport for 24 hours to go into the inner zone.

“Nobody gets into that inner zone until we’re convinced that by doing the testing the way we’re doing it, by doing the evaluation the way we’re doing it and it’s based on the data that we’ve got, that they’re COVID-free.”

Life inside the inner zone should provide, in theory, security and the comfort to work and play as normal. Colomba’s Categoria Primera became the first professional soccer league to begin using the system several weeks ago. 

They prepare to start training in June and resume games in August, according to that country’s Ministry of Work and Sport. The Bundesliga employed its stringent methodology to ensure the welfare of teams and officials before a fan-free slate of games was held.

While there is security inside the zones, there is no normalcy of the typical fraternal setting of a professional sports facility. And there is the understanding that an entire player’s life cannot be conducted there.

“Once in that inner zone, that, in essence, would be what we would consider to be, as best as we can, the COVID-free zone. And so they can play in that zone,” Copeland said. 

“They can work out in that zone. And, by working with the teams and starting slowly, where you have two players in the weight room, you’ll have two players in the trainers’ room, two players in the lunchroom.

“You might have two players at each end of the field. Bring them back the next day, do the exact same thing every single day because they leave the stadium, they go out to the other zone every evening. Then they come back the next day.

So, it’s day-to-day. Now, down the road, a month or two, when we start to see that we’re getting really good at this, that the data is showing that we don’t need to do the testing every day, we can punch it up to every two days. Maybe it’s every three days for testing, but every day for fevers and symptoms. So, this will be a moving target. It will be an evolving procedure and protocol,” said Copeland.

US pro teams likely to actively seek practice resumption in June

Movement in the US, Copeland said, could feasibly begin June 1 with the proper safeguards. The date of July 4 has been anecdotally cited as a potential return date for several US sports, including the MLB.

“I would guess — just knowing what I know on a day-to-day basis — that you’ll have a number of facilities up and running no later than the first of June for sure. I would say that you’ll probably have a few of them open probably by the Memorial Day weekend,” Copeland said.

“But again, there (are) so many things that come into play. It’s not just the league saying, ‘OK, you guys can open,’ because it’s the state and the city who will say, ‘Yeah, well, the league can say you can open, but we’re saying no.’ And, so we’ve run into that with three teams already in the NBA who want to get going. I must say too, that all the teams, all the teams are cooperating a hundred percent with all the authorities … There’s been no whining.”

Though proposals over a potential resumption have further exposed existing rifts between MLB and its players’ association, Copeland said QuestCap’s relationship with labor and management have been “unbelievably cooperative” in all pro leagues.

“There’s a huge cooperation everywhere. But what there is is this unknown,” he said. “And, until somebody does it, and until we can prove it can be done safely, there’s still that cautious, very cautious optimism.

“That’s where we’re at right now. We’re on the edge. I understand that there’s one or two NBA teams moving very, very slowly. One of the teams is doing the testing and the program, but you’re talking one-to-one, like two guys in the weight room having everything wiped down. In between, a player touching any machine gets wiped down immediately. Even though there’s that feeling that it’s as COVID-free as possible, we’re not taking any chances at all. So, it’s as I like to refer to it, it’s baby steps.”

Single-venue option not perfect, but may be a starting point

Los Angeles Mayor Eric Garcetti is doubtful that sports will be played in his city this year. Also, the spikes of cases are likely to impact large urban areas as mitigation protocols are relaxed. As a result, the leagues are likely to require alternate venue options.

Arizona Gov. Doug Ducey has proclaimed his state open for professional sports business without fans.

Florida Gov. Ron DeSantis deemed professional sports as “essential” entities, shilled for NASCAR and the PGA to come on down and finally landed a series of UFC bouts in Jacksonville.

Copeland believes games will ultimately resume this way, presenting more variables. The shutdown of the NHL quickly followed that of the NBA in mid-March in part because those league’s teams shared numerous venues and locker rooms. That’s a lot of players to test and safeguard.

Then, there’s the quality of life.

“One of the things I just ran into, you have a situation where if you do one venue and you have 50 teams in one venue,” Copeland said. “That means the inner zone is from the hotel to the ballpark and back to the hotel.

“That means there’s no room for spouses. There’s no room for kids; there’s no room for anybody else. So that means that the player is going to be without their family for three months, four months, six months, whatever it’s going to be. And are they prepared to do that? And, truly, how safe is that? How do you lock the front doors? How do you keep fans away from the front door? How do you keep people away?

So, you have to look at the realistic versus the practical approach versus a perfect-world approach. And that’s really been an issue for all of us. Most of the people we’ve spoken to recognize twofold: one, players — whether it’s girls or guys — have to take some major responsibility for self-regulation. You can’t go to a bar, you can’t go to a restaurant, you can’t do a number of things, you can’t have friends and widespread family around you.”

Copeland believes that leagues will be able to expand their venue choices once institutional knowledge is established from the opening months of play.

But what about sports fans and spectators?

Copeland fervently asserts that the safety and well-being of fans are as important as athletes and team personnel. Concocting a way to assure safety without a vaccine, herd immunity or treatment for COVID-19 will likely convert fandom to a remote event for the near future.

“The day of the fans in the stadium, for now, it’s not going to happen, in our opinion,” he said. “How do you control 20, 30, 50, 75,000 people coming in and saying that you can almost assure everybody that in that type of setting, that you’re not going to have anybody with COVID? I don’t see those days for this season, anyways. And rightfully so.

“It’s not a matter of freedom. It’s a matter of not being able to clearly protect the fans. Fans, for the most part, don’t get within 6 feet of the players, so that’s not the big issue. You have to protect the fans, and there’s no way I want them going to a stadium with 50,000 people where you might have five people unknowingly infected.

“The high-fiving, the hugging, lining up for beer, people hugging each other, they’re not doing anything that they wouldn’t normally do and it’s not trying to be malicious. But they hug the wrong guy or girl; guess what? The transmission is easy.”

But the communal experience of attending games, the infusion of the type of energy that was notably absent on Saturday with only players and coaches’ calls echoing off empty grandstands in Germany. It will not be lost forever, Copeland believes. Fans will first be allowed to return, and after a period of apprehension sure to be endured by the airline and movie theater industries, patrons will return.

“I think fans are going to get used to you watching at home,” he said, “But I really do think that if everybody’s a little bit patient and accepts that at least you can turn the TV on and not watch the 1997 World Series and watch live sports, take that first step.

“But until we get the vaccine, I don’t think we’re going to be real comfortable with a whole bunch of people in a given room.”

Players, owners feeling their way in this unknown landscape

Copeland conceded that the coterie of ownership and league commissioners and player unions are “constantly going around in circles” about their responses is understandable.

It is new territory. Lengthy conversations and consultations seem to yield a consensus or plan, but upon consultation, more questions.

“They just don’t know what to do. We’ll talk about the outer circle, inner circle, and then, they go back to the owner and the GM or whoever, and then they’ll say, ‘Well, can we extend the outer circle?’ or ‘Do we have to do testing every day?’” Copeland related.

“So, everybody’s trying to figure out how you do it. And then the player’s association will call and say, ‘So, OK, that sounds like a great idea. Should we do this? Could we do that?’ And there’s just so many variables of that until you do it and say this is what’s worked and this is what’s worked for 20 teams or eight teams or this is what worked for the NHL or NBA.”

What sports are more or less conducive to quick and safe return?

The Bundesliga returned on Saturday. NASCAR returned after a 10-week layoff to a Darlington Raceway devoid of spectators on Sunday. UFC has already returned, as has rodeo. Still, the leaders of the “big four” North American sports continue to wade through everything from health guidelines to labor acrimony in finding their path.

“It’s hopeful that we will have some Major League Baseball this summer. We are making plans about playing in empty stadiums,” MLB Commissioner Rob Manfred told CNN on Thursday as tensions rise with players.

Tampa Bay Rays pitcher Blake Snell drew the ire of fans last week when he said in a Twitch stream that he would not accept a pay cut this season because “the risk is through the roof.”

Added the 2018 Cy Young Award winner: “Bro, I’m risking my life. What do you mean it should not be a thing? It should 100% be a thing. If I’m gonna play, I should be getting the money I signed to be getting paid.”

It was never going to be easy. In the case of MLB, which already faced brewing labor unrest, the economics have gotten messy. MLB projects a $4 billion loss if it doesn’t play a season. But the medical aspect of the return must be a source of consensus. In his interactions, it has been so far, Copeland said.

But some sports will inherently be more difficult to usher back safely.

Contact sports like football, hockey, boxing and basketball will be expectedly nettlesome. According to the New York Times, UFC reportedly shirked safety protocols even after fighter Ronaldo Souza and two handlers were quarantined after testing positive before UFC 249. Baseball is less contact-laden, though the home plate is hardly a model of social distancing.

“Outside of fencing, we don’t have the perfect sport, but tennis and golf to me, NASCAR, I’m pretty comfortable,” Copeland said. “Again, if a guy’s crew and the people in each crew are minimized and tested, I think you can bring up a fair bit of safety to that.

“I’m pretty comfortable with the inner circle for swimming, golf, tennis. It’s when you get into the contact sports or areas that you’re going to have, even in baseball, when you’re in the field is pretty much social distancing. But not at the plate. You have the umpire, you have the catcher, and you have a batter and they are within 4 or 5 feet of each other.

“So, is it a perfectly safe sport? No. But again, if everybody’s tested properly and you can get into the inner circle and have passed your test, we think that you have a very strong chance that COVID is not going to rear its ugly head.”

[ad_2]

Source link

Gambling News

A Look Back On How US Sports Betting Became Legal, Two Years Later

[ad_1]

Editor’s note: The federal ban on sports betting in the United States was struck down on May 14, 2018. This is a look back at how that day arrived in the US from a member of the sports betting industry.

Over the lifetime of the American republic, the Supreme Court of the United States, the court of last resort, has issued landmark rulings that have altered the course of US history.

The court makes fewer than 100 decisions every year that have sweeping effects on American life. Over generations, the court’s decisions have changed race relations for the better, empowered women, given the press freedom to operate, guaranteed a person’s right to expression, or reiterated that the president is not above the law.

So on a bright December morning in 2017, as I trotted up the steps of the Supreme Court, I couldn’t help but cast a wry smile as a herd of people I’d got to know over the previous three years joined me in line.

Sports betting gets its day in court

As we waited patiently to hear the verdict that was to change the sports and betting industries forever a familiar member of sports betting panelists anonymous called out to me “Hey Chris, where’s your tie…this is the Supreme Court of the United States of America you know…show some respect.”

His words of encouragement epitomized the welcome that I had received from fellow “industry stakeholders” when I started work at Betgenius back in late summer 2014. Back then, he agreed to meet me at his lavish law office on K Street and, as I sipped my bottled water, he chided “Why are you here? You guys must be seriously deluded if you think sports betting will be made legal here in the US. You ever heard of Sheldon Adelson?”

As I left the building, I recalled how Churchill once said that lost causes are the only ones worth fighting for.

As the gates opened, we filed past the Corinthian columns through the Great Hall before taking a seat at the back of the courtroom. I remember looking around and seeing faces that had become familiar to me drawn from the sports leagues, the casinos, daily
fantasy sports, the American Gaming Association, New Jersey regulators, DC insiders as NCAA vs. Christie was about to play out the final act in front the nine Supreme Court justices.

The sports betting case: against the odds

For most of us, the stage had been set back in October 2017, when seemingly out of nowhere and against the Solicitor General’s recommendations, SCOTUS had granted New Jersey’s petition to hear the case – an act rarely taken by the Supreme Court.

The crux of the petition hinged upon whether the now 1992 federal law called the Professional and Amatuer Sports Protection Act (PASPA) — which had effectively outlawed sports betting in the US outside of Nevada — was unconstitutional.

So after a select number of attorneys were sworn into the Supreme Court Bar, the state of New Jersey’s attorney, Ted Olson, eventually stepped up to the plate to argue that PASPA violated the Tenth Amendment of the US Constitution, which reserves to the states all rights not explicitly granted to the federal government such as gambling regulation.

Not being member of the legal profession myself, I watched the body language of the justices and line of questioning for any
signs as to how the court my rule on this and reflected on three years of my working life that led up to this moment.

Living with a federal ban

Up until that point the US leagues held the view that it was unlikely that PASPA would ever be overturned, a move that would that could clear the way for legalized sports betting in the United States.

Those were heady days when the UK and European operators, armed with colorful presentations, welcomed these visiting ambassadors with open arms. I will never forget the buttoned-up league representatives jaws drop as they watched a bet placed on their sport from a phone in the pub.

That said, in private the UK operators still remained skeptical that the US would ever be open for business and that the AGA’s estimated $150 billion black market was fantastical. Oftentimes we would be a lone voice in the UK industry telling the operators that “there be gold in that them thar hills” in the hopes that cynicism, that is often a trademark British trait, might begin to lift.

The cynicism extended to my work colleagues in the London who frequently asked “what does that bloke do” whilst jabbing a finger in my direction before muttering “oh he’s getting sports betting legalized in the US.”

Ready for a change

Caution prevailed as the leagues went quietly about their business to minimize any unwanted scrutiny from the US sports media in the run-up to the hearing. The leagues immersed themselves in a crash course in sports betting and trans-Atlantic fact-finding missions to gain a better understanding how the lucrative relationship between the teams and leagues and the sports betting industry functioned.

Equally on the other side of the pond, there were concerns that US sports might been seen to be acting in a hypocritical manner given their historic public opposition to sports wagering.

This initial phase of irrational exuberance or “shuttle diplomacy” was not unlike how countries often seek to strengthen political ties by building up trade deals. In the run-up to the December 2017 oral arguments, both the leagues and the operators amicably discussed areas of mutual commercial interest (such as lucrative sponsorship deals) while both sides agreed upon the rigorous enforcement of sports integrity measures.

The ban falls

However, on May 14, 2018, everything changed. The Supreme Court struck down PASPA as unconstitutional and the value of companies behind sportsbooks, casinos and daily fantasy sports soared within seconds of the verdict being handed down. The largest sports betting market in the world was now open for business and the gold rush had begun.

Today, we live in a very different world and both sports and betting face a hard six months to get back on track.

The next round in the sports betting battle has only just begun, and as we reflect on a transformational two years, the stakes are now higher than ever.

[ad_2]

Source link

Gambling News

Horse Racing Bets Supplementing Minimal Sports Betting Options

[ad_1]

Welcome to another week of quarantine. Potentially, though, it won’t last much longer.

States across the country have started reopening select businesses and easing isolation restrictions as they pertain to the coronavirus pandemic. They have developed policies and guidelines for the public and industries to follow in order to resume operations.

In due time, it appears, casinos will reopen their doors after being closed, for the most part, since March.

Along those lines, major sports are reportedly close to returning. As such, legalized sports betting across the country could pick back up. For now, though, we continue to wait. Hopefully, not for much longer.

On to the Rewind:

Sports betting down, horse betting up in US

As spring turns to summer, any other year, we’d be coming out of one of the busiest times of the sports calendar, what with March Madness and playoff pushes in the NBA and NHL, not to mention the start of MLB and the Masters.

Of course, as it has been well-publicized, the coronavirus pandemic has resulted in the suspension and cancellation of major sports schedules and events, starting March 11. Notably, the NCAA tournament was scratched, which certainly hurt the wallets of bookmakers.

So it should come as no surprise that a virtually sports-less March included sports betting handle in the US plummeting by 65% as it relates to the previous month and reflects a year-over-year decline of 45%. Similarly, overall revenue dropped nearly 60% month to month.

Nevada took the brunt among states with legalized wagering, as its handle and revenue from February to March nose-dived by 71.1% and 96.2%, respectively. For the Silver State, the lack of March Madness delivered a blow, as basketball in March 2019 accounted for 83% of Nevada’s handle.

That said, it appears bettors may have found another outlet: horse betting.

In April, while year-over-year handle dropped 24.4%, horse racing attracted more than $639 million in wagers last month. Consider, though, that many tracks across the country remain closed and just 746 races took place — a 71.4% drop.

Most notably, the average race day boasted a whopping $7.5 million in handle. Compared with April 2019, that’s a 176.5% spike.

Michigan casinos closed until vaccine developed?

Since March 22, casinos in Michigan have been shuttered due to the COVID-19 outbreak.

Some tribes have targeted reopening as early as this month. That’s not the case in Detroit, where properties might not open back up until a coronavirus vaccine is introduced.

As told to The Detroit News, city Mayor Mike Duggan noted that while reported COVID-19 cases and deaths in the state have declined, “[w]here we are today is where we’re going to be in September and is likely to be where we are in January.”

Duggan added that the virus will continue to exist until a vaccine is developed.

That said, Duggan related a potential world in which casinos potentially operated “at 25%-30% capacity” until a vaccine is introduced. He continued, saying he wouldn’t push for anything “before it’s medically safe” and that casinos might not welcome customers for a “few months.”

Closed casinos certainly hurt Detroit, which pocketed adjusted gross receipts of $1.45 billion from casinos in 2019, resulting in more than $184 million for the city.

Louisiana sports betting bills come to light

While sports remain sidelined, lawmakers in Louisiana have introduced three bills to potentially land legalizing sports betting on the ballot and in the hands of the public.

Sen. Cameron Henry, as he told Legal Sports Report, expects the Senate to vote on his bill in short order.

That bill, S 130, simply requests the legalization of the industry to hit the November ballot. This strategy provides Louisiana legislators to take a step forward toward potentially regulating sports betting by gauging the interest of state residents.

It also gives lawmakers ample time to develop regulations, as Henry said, ones that “we’ll have months to work on rather than days or weeks.”

But it won’t be a statewide legalization. Individual parishes decided to approve sports betting via referendum. As an example, 47 of 64 parishes green-lit daily fantasy sports.

To reach the ballot, legislators must pass a referendum bill by June 1. If approved by voters, Louisiana then implements language for a bill in 2021. Finally, a revenue bill with tax rates and fees must pass the legislature by a two-thirds supermajority and receive governor approval.

The other two proposed bills also aim to get in front of voters and include regulatory language for legal sports betting at 15 riverboat casinosone land-based casinos in New Orleans and four racetracks. Both proposals limit online wagering to casino properties.

[ad_2]

Source link

Gambling News

Horse Racing Bets Supplementing Minimal Sports Betting Options

[ad_1]

Welcome to another week of quarantine. Potentially, though, it won’t last much longer.

States across the country have started reopening select businesses and easing isolation restrictions as they pertain to the coronavirus pandemic. They have developed policies and guidelines for the public and industries to follow in order to resume operations.

In due time, it appears, casinos will reopen their doors after being closed, for the most part, since March.

Along those lines, major sports are reportedly close to returning. As such, legalized sports betting across the country could pick back up. For now, though, we continue to wait. Hopefully, not for much longer.

On to the Rewind:

Sports betting down, horse betting up in US

As spring turns to summer, any other year, we’d be coming out of one of the busiest times of the sports calendar, what with March Madness and playoff pushes in the NBA and NHL, not to mention the start of MLB and the Masters.

Of course, as it has been well-publicized, the coronavirus pandemic has resulted in the suspension and cancellation of major sports schedules and events, starting March 11. Notably, the NCAA tournament was scratched, which certainly hurt the wallets of bookmakers.

So it should come as no surprise that a virtually sports-less March included sports betting handle in the US plummeting by 65% as it relates to the previous month and reflects a year-over-year decline of 45%. Similarly, overall revenue dropped nearly 60% month to month.

Nevada took the brunt among states with legalized wagering, as its handle and revenue from February to March nose-dived by 71.1% and 96.2%, respectively. For the Silver State, the lack of March Madness delivered a blow, as basketball in March 2019 accounted for 83% of Nevada’s handle.

That said, it appears bettors may have found another outlet: horse betting.

In April, while year-over-year handle dropped 24.4%, horse racing attracted more than $639 million in wagers last month. Consider, though, that many tracks across the country remain closed and just 746 races took place — a 71.4% drop.

Most notably, the average race day boasted a whopping $7.5 million in handle. Compared with April 2019, that’s a 176.5% spike.

Michigan casinos closed until vaccine developed?

Since March 22, casinos in Michigan have been shuttered due to the COVID-19 outbreak.

Some tribes have targeted reopening as early as this month. That’s not the case in Detroit, where properties might not open back up until a coronavirus vaccine is introduced.

As told to The Detroit News, city Mayor Mike Duggan noted that while reported COVID-19 cases and deaths in the state have declined, “[w]here we are today is where we’re going to be in September and is likely to be where we are in January.”

Duggan added that the virus will continue to exist until a vaccine is developed.

That said, Duggan related a potential world in which casinos potentially operated “at 25%-30% capacity” until a vaccine is introduced. He continued, saying he wouldn’t push for anything “before it’s medically safe” and that casinos might not welcome customers for a “few months.”

Closed casinos certainly hurt Detroit, which pocketed adjusted gross receipts of $1.45 billion from casinos in 2019, resulting in more than $184 million for the city.

Louisiana sports betting bills come to light

While sports remain sidelined, lawmakers in Louisiana have introduced three bills to potentially land legalizing sports betting on the ballot and in the hands of the public.

Sen. Cameron Henry, as he told Legal Sports Report, expects the Senate to vote on his bill in short order.

That bill, S 130, simply requests the legalization of the industry to hit the November ballot. This strategy provides Louisiana legislators to take a step forward toward potentially regulating sports betting by gauging the interest of state residents.

It also gives lawmakers ample time to develop regulations, as Henry said, ones that “we’ll have months to work on rather than days or weeks.”

But it won’t be a statewide legalization. Individual parishes decided to approve sports betting via referendum. As an example, 47 of 64 parishes green-lit daily fantasy sports.

To reach the ballot, legislators must pass a referendum bill by June 1. If approved by voters, Louisiana then implements language for a bill in 2021. Finally, a revenue bill with tax rates and fees must pass the legislature by a two-thirds supermajority and receive governor approval.

The other two proposed bills also aim to get in front of voters and include regulatory language for legal sports betting at 15 riverboat casinosone land-based casinos in New Orleans and four racetracks. Both proposals limit online wagering to casino properties.

[ad_2]

Source link

Gambling News

Handle19 Sportsbook Moving Forward With 2020 DC Sports Betting Plans

[ad_1]

The Coronavirus pandemic has affected the gambling industry across the world in many ways. Handle 19 sportsbook, which aims to be the first Class B operator for Washington, DC sports betting, is undeterred. In the current COVID-19 world, their goal remains unchanged.

Handle19 still plans to open a brick-and-mortar location in the District later this year. The brand is looking at expansion as well. A recent development on the other side of the Potomac River plays a large part in such growth.

Handle 19 sportsbook, DC sports betting and the COVID-19 impact

As casinos begin to work on plans to reopen, Handle19 looks at the pandemic situation from a different perspective. Ian G. Thomas, an attorney for Offit Kurman in Washington, D.C., who represents Handle19, shares his perspective.

“While Covid-19 has affected almost every facet of public life, believe it or not, it has had a limited impact on Handle19’s timeline,” Thomas said. “The goal was, and has always been, opening our doors by the start of the NFL season. That remains the same. Of course, the start of the NFL season appears to be a moving target at the moment. Regardless we are targeting a late summer/early fall launch.”

The pandemic has had some impact on Handle19’s opening process. Thomas shares that meetings went “socially distant” and walkthroughs at the future site went the same way. A change in location, favoring a site near Capitol Hill near Nationals Park over the original location in Adams Morgan, happened prior to the pandemic.

Thomas believes the biggest challenge may be making guests feel safe after Handle19 opens. Currently, a stay-at-home order remains in place in the District. While it’s possible that the situation may be different in August, the uncertainty makes planning difficult.

The virus’ potential impact after Handle19’s launch date

A Reuters poll showed only 27% of its respondents plan to visit venues where crowds might gather as soon as governments allow. A full 40% of respondents indicated they wouldn’t do so until a vaccine is available. Another 40% of those people also said they would wait regardless of how long the wait endures.

It’s unclear how many of the respondents live in or regularly travel to the District. It’s also not evident how many of the respondents are potential Handle19 customers. Regardless, that data suggests part of Handle19’s messaging upon opening should be safety.

“I think every business is struggling with these questions of safety in dealing with a virus that we are constantly learning more about and for which much still remains unknown,” Thomas added. “This challenge is made even more difficult by the fact that we are planning for an opening that is set to occur four months from now when circumstances could be entirely different. That said, we are evaluating a whole host of safety protocols and will be developing policies to adhere to the recommendations of the relevant federal and local agencies, including the CDC and the District of Columbia Department of Health. We also plan to closely track what others in the hospitality and retail gaming industry are doing to learn what safety measures are effective at protecting patrons while limiting any adverse effect on the user experience.”

Federal and local restrictions are out of Handle19’s control. Another key component of its business is similarly beyond its direct influence. In order to offer sports wagering, sports must exist. There’s reason for both caution and optimism for Handle19 in that regard.

Live sports are a big part of the equation

In the Steven Spielberg hit film, “Jurassic Park,” the park tour results in several no-shows of the dinosaur attractions. The scene gives birth to one of the most well-known moments of sarcasm in the movie. Dr. Ian Malcom, portrayed by Jeff Goldblum, spins the line perfectly.

“Ah, now, eventually, you do plan to have dinosaurs, on your dinosaur tour, right?”

In the same way, launching Handle19 without a new and shiny NFL season would be a disappointment. The potential upside, however, is that absence could make the heart grow fonder.

When major North American sports do resume/start, the demand for wagering upon those sports could be historic. Handle19 plans to be there whenever the action starts.

“As we have been seeing over the past few days, to a certain extent throughout this crisis, the appetite for sports fans to wager on athletic contests is still there,” Thomas explained. “Whether it was wagering on a Bulgarian Soccer match, table tennis, or more recently, on Korean Baseball, the metrics indicate that the desire to engage in recreational sports gambling is still very much present. It also appears that while North American sports leagues remain in limbo at the moment, European sports, particularly soccer, are slowly starting to return. As such, while delays in the return of U.S. sports leagues may alter the scope of Handle19’s launch, we do not anticipate it altering the timeline to launch.”

North American sports leagues are watching their European counterparts to glean insight. In the same way, Handle19 is casting its view beyond its current focus. The brand isn’t blind to recent events on the other side of the Potomac.

Handle19 eyeing opportunities across the river

Virginia recently became the second state to legalize sports betting within its borders this year. The law there doesn’t allow Handle19 to simply mimic its current Las Vegas-style concept. That doesn’t mean Handle19 can’t see an opportunity in Old Dominion, however. The VA law does allow for up to 12 online-only licenses.

“Handle19 has been monitoring the developments in VA closely and is exploring ways to enter the market in that jurisdiction,” Thomas commented. “While VA is going to be a primarily mobile market, Handle19 has already begun to explore strategic partnerships that would allow it to provide mobile offerings. It is also worth noting that Handle19 is a small minority-owned business that is fairly rare in the gaming space. This is important because the VA law provides a commitment to try to increase the participation of these types of businesses in the sports gambling industry. We believe that fact, combined with the know-how Handle19 has developed in the regional market will uniquely position the company to submit a strong application for a license in VA.”

For the time being, however, the focus is on D.C. The brand continues to work on the same timeline despite the pandemic. What the “new normal” will require is more flexibility and the ability to adapt to changing situations quickly. Handle19 seems to have a great handle on the situation.

[ad_2]

Source link

Gambling News

Handle19 Sportsbook Moving Forward With 2020 DC Sports Betting Plans

[ad_1]

The Coronavirus pandemic has affected the gambling industry across the world in many ways. Handle 19 sportsbook, which aims to be the first Class B operator for Washington, DC sports betting, is undeterred. In the current COVID-19 world, their goal remains unchanged.

Handle19 still plans to open a brick-and-mortar location in the District later this year. The brand is looking at expansion as well. A recent development on the other side of the Potomac River plays a large part in such growth.

Handle 19 sportsbook, DC sports betting and the COVID-19 impact

As casinos begin to work on plans to reopen, Handle19 looks at the pandemic situation from a different perspective. Ian G. Thomas, an attorney for Offit Kurman in Washington, D.C., who represents Handle19, shares his perspective.

“While Covid-19 has affected almost every facet of public life, believe it or not, it has had a limited impact on Handle19’s timeline,” Thomas said. “The goal was, and has always been, opening our doors by the start of the NFL season. That remains the same. Of course, the start of the NFL season appears to be a moving target at the moment. Regardless we are targeting a late summer/early fall launch.”

The pandemic has had some impact on Handle19’s opening process. Thomas shares that meetings went “socially distant” and walkthroughs at the future site went the same way. A change in location, favoring a site near Capitol Hill near Nationals Park over the original location in Adams Morgan, happened prior to the pandemic.

Thomas believes the biggest challenge may be making guests feel safe after Handle19 opens. Currently, a stay-at-home order remains in place in the District. While it’s possible that the situation may be different in August, the uncertainty makes planning difficult.

The virus’ potential impact after Handle19’s launch date

A Reuters poll showed only 27% of its respondents plan to visit venues where crowds might gather as soon as governments allow. A full 40% of respondents indicated they wouldn’t do so until a vaccine is available. Another 40% of those people also said they would wait regardless of how long the wait endures.

It’s unclear how many of the respondents live in or regularly travel to the District. It’s also not evident how many of the respondents are potential Handle19 customers. Regardless, that data suggests part of Handle19’s messaging upon opening should be safety.

“I think every business is struggling with these questions of safety in dealing with a virus that we are constantly learning more about and for which much still remains unknown,” Thomas added. “This challenge is made even more difficult by the fact that we are planning for an opening that is set to occur four months from now when circumstances could be entirely different. That said, we are evaluating a whole host of safety protocols and will be developing policies to adhere to the recommendations of the relevant federal and local agencies, including the CDC and the District of Columbia Department of Health. We also plan to closely track what others in the hospitality and retail gaming industry are doing to learn what safety measures are effective at protecting patrons while limiting any adverse effect on the user experience.”

Federal and local restrictions are out of Handle19’s control. Another key component of its business is similarly beyond its direct influence. In order to offer sports wagering, sports must exist. There’s reason for both caution and optimism for Handle19 in that regard.

Live sports are a big part of the equation

In the Steven Spielberg hit film, “Jurassic Park,” the park tour results in several no-shows of the dinosaur attractions. The scene gives birth to one of the most well-known moments of sarcasm in the movie. Dr. Ian Malcom, portrayed by Jeff Goldblum, spins the line perfectly.

“Ah, now, eventually, you do plan to have dinosaurs, on your dinosaur tour, right?”

In the same way, launching Handle19 without a new and shiny NFL season would be a disappointment. The potential upside, however, is that absence could make the heart grow fonder.

When major North American sports do resume/start, the demand for wagering upon those sports could be historic. Handle19 plans to be there whenever the action starts.

“As we have been seeing over the past few days, to a certain extent throughout this crisis, the appetite for sports fans to wager on athletic contests is still there,” Thomas explained. “Whether it was wagering on a Bulgarian Soccer match, table tennis, or more recently, on Korean Baseball, the metrics indicate that the desire to engage in recreational sports gambling is still very much present. It also appears that while North American sports leagues remain in limbo at the moment, European sports, particularly soccer, are slowly starting to return. As such, while delays in the return of U.S. sports leagues may alter the scope of Handle19’s launch, we do not anticipate it altering the timeline to launch.”

North American sports leagues are watching their European counterparts to glean insight. In the same way, Handle19 is casting its view beyond its current focus. The brand isn’t blind to recent events on the other side of the Potomac.

Handle19 eyeing opportunities across the river

Virginia recently became the second state to legalize sports betting within its borders this year. The law there doesn’t allow Handle19 to simply mimic its current Las Vegas-style concept. That doesn’t mean Handle19 can’t see an opportunity in Old Dominion, however. The VA law does allow for up to 12 online-only licenses.

“Handle19 has been monitoring the developments in VA closely and is exploring ways to enter the market in that jurisdiction,” Thomas commented. “While VA is going to be a primarily mobile market, Handle19 has already begun to explore strategic partnerships that would allow it to provide mobile offerings. It is also worth noting that Handle19 is a small minority-owned business that is fairly rare in the gaming space. This is important because the VA law provides a commitment to try to increase the participation of these types of businesses in the sports gambling industry. We believe that fact, combined with the know-how Handle19 has developed in the regional market will uniquely position the company to submit a strong application for a license in VA.”

For the time being, however, the focus is on D.C. The brand continues to work on the same timeline despite the pandemic. What the “new normal” will require is more flexibility and the ability to adapt to changing situations quickly. Handle19 seems to have a great handle on the situation.

[ad_2]

Source link