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FanDuel to offer sports betting at Greenbrier Resort

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The Greenbrier Resort in West Virginia will join hands with FanDuel to offer sports betting operation. A press release from FanDuel confirmed the development:

 “We are honored to be chosen to provide sports wagering services at The Greenbrier, an iconic resort in the U.S. As we work towards building out a top sports betting product for the upcoming NFL season, we look forward to bringing West Virginia residents, sports fans, and visitors to The Greenbrier the best interactive sports experience on the market.”

The deal is the first sports betting partnership confirmed in WV and the first one anywhere for FanDuel.

West Virginia sports betting regulations approved.

The state’s lottery, which will administer West Virginia sports betting, approved last week emergency regulations to facilitate a launch by fall. Those regulations open the door to online and mobile sports betting, hugely important to a successful state market.

West Virginia legislators passed sports betting into law in March. The law allows the state’s five casinos to offer legal sports betting in exchange for a $100,000 licensing fee and ten per cent of revenue paid in taxes.

No integrity fees go to the pro sports leagues in West Virginia despite intense lobbying from MLB and NBA executives. Lawmakers declined to put in the fees, then, fought off an attempt by Gov. Jim Justice to reopen the law to insert them soon after passage.

Greenbrier’s plans for WV sports betting

The press release lays out the full game plan for WV sports betting at The Greenbrier:

The Greenbrier plans to have an onsite wagering platform inside The Casino Club at The Greenbrier, America’s only private casino, as well as a FanDuel-branded online site and mobile application. Plans are to have the services running by the fall. The exact date will be contingent on when the state of West Virginia’s regulations are put in place.

Regulators expect to have the industry ready for launch by September 1 at the latest. Operators can partner with up to three online/mobile platform providers apiece.

The property’s president, Dr. Jill Justice, said: The Greenbrier is excited to offer a new guest amenity. “The Casino Club at The Greenbrier has been an attractive destination for our guests and members since its opening,” she said, “and sports betting provides yet another element to the casino experience.”

It remains to be seen whether the platform will be available statewide or exclusively to members and guests of the private club. A members-only sports book would seem to be both in line with The Greenbrier’s culture and a hinderance to potential revenue.

The NFL will love having sports betting next door

The NFL continues to fight for control of a legal sports betting market it may not have wanted in the first place; it was one of the litigants in the US Supreme Court case, supporting the federal ban, a case it lost. Now, fans at an NFL training camp could be placing mobile sports bets on who will win the Super Bowl.

The Houston Texans hold their training camp at The Greenbrier, which is owned by the family of Justice. The governor allowed the law authorizing West Virginia sports betting to go into law without his signature because of the conflict of interest.

The Greenbrier is also the host of an annual PGA Tour event, scheduled this year for July 5–8.

FanDuel deal still has not closed

The announcement of a sports betting deal for FanDuel comes with slightly strange timing. The DFS operator is not the middle of being acquired by Dublin-based gaming company Paddy Power Betfair.

That deal could close as soon as early July.

FanDuel, by itself, has no known means to provide a sports betting product on its own, so this deal is almost certainly predicated on the PPB deal closing in short order. The deal would close, in theory, well before West Virginia launches sports betting — mobile and otherwise — officially.

PPB subsidiary Betfair US has also formed its own partnership with Tioga Downs (New York) and Meadowlands Racetrack (New Jersey), planning to use the FanDuel brand in those two states, too.

It is not exactly clear why the WV partnership was inked with FanDuel directly, while the other sports betting partnerships have been crafted through PPB.

Source: legalsportsreport.com

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George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Romanian Investors to Relaunch and Turn Lebada Luxury Resort & Spa into Casino

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8-15 Romanian Investors to Relaunch and Turn Lebada Luxury Resort & Spa into CasinoReading Time: 1 minute

 

Two Romanian entrepreneurs are going to relaunch the Lebada Luxury Resort & Spa in the Danube Delta. They have invested EUR 20 million in the complex, purchased in 2017 for EUR 3 million from the tax agency ANAF. ANAF sold the complex to recover damages owed to the state by convicted businessman Sorin Ovidiu Vantu.

The re-opening comes at a time when the lawmakers discuss a law that extends special fiscal regime to gambling operations located on islands “including in the bioreserve Danube Delta.”

“We have a casino building, but we are waiting for the regulations in place,” said Laurentiu Niculae, general manager Lebada Luxury Resort & SPA.

Lebada Luxury Resort & Spa is located in the heart of the Danube Delta, on the Sulina branch. The complex has a land of almost four hectares. The complex has over 200 accommodation rooms, of which 140 are for the guests and the rest of the employees.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Romanian Investors to Relaunch and Turn Lebada Luxury Resort & Spa into Casino

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Swedish iGaming Market Posts a Turnover of €313.8 Million in Q1

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7-15 Swedish iGaming Market Posts a Turnover of €313.8 Million in Q1Reading Time: 1 minute

 

Swedish iGaming market has revealed its first financial report for the first quarter and posts a total turnover of €313.8 million. ATG, the former horse racing monopoly, led the market with a turnover of €102 million.

In January, online gaming turnover reached €106 million, slightly declined to €104 million in February and was flat in March.

The Svenska Spel Sport & Casino reported turnover of €55 million for the three months, €18 million in January, €18.3 million in February and repeated in March.

The newly-regulated Swedish iGaming market was launched on January 1, introducing major changes for the local industry, such as the rebrand of the local regulator and the introduction of new iGaming companies.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Swedish iGaming Market Posts a Turnover of €313.8 Million in Q1

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Iowa House Passes the Bill to Legalise Sports Betting

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6-10 Iowa House Passes the Bill to Legalise Sports BettingReading Time: 1 minute

 

The Iowa House has passed a bill which legalises betting on sporting events and fantasy sports and send it to the governor for consideration.

The Senate gave its approval and the bill now goes to Gov. Kim Reynolds who has said she will await the final version of the bill to decide whether she will sign it.

The bill authorises the Iowa Racing and Gaming Commission to establish rules for betting on professional, collegiate and international sporting events, including motor racing.

The bill also legalises fantasy sports contests and internet fantasy sports betting but delays betting based on college sporting event statistics until May 2020.

The commission regulates the 19 state-licensed casinos in Iowa. Once the rules are set up by the commission as early as this summer sports bets can be placed at casinos or on a mobile application they establish.

Sports betting would be limited to those 21 and older, and the bill sets a 6.75% tax on net receipts. Taxes and licensing fees could bring in estimated annual revenue of $2.3 million to $4 million annually.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Iowa House Passes the Bill to Legalise Sports Betting

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