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Caesars’ entry boosts sports betting in Indiana
Caesars Entertainment, one of the premier gaming companies in the USA, has acquired Centaur Gaming, an Indianapolis-based company that owns several Indiana casino and racetrack facilities. The $1.7 billion purchase will allow Caesars to enter Indiana gaming market, where sports betting has already legalised.
Two of the well-known casinos in the state – Hoosier Park in Anderson and Indiana Grand in Shelbyville – apart from three off-track betting parlours have reached Caesars’ fold as part of the deal.
Caesars now owns more than 50 casinos and hotels worldwide, including two more of Indiana’s 13 casinos. The Nevada-based company already owned the Horseshoe Hammond and the Horseshoe Southern Indiana. Now Caesars owns four total casinos in Indiana, but the purchase of the last two was not without controversy.
Indiana law dictates a $50 million transfer fee to the state government for casino purchases, a charge both Centaur and Caesars disputed. Caesars even went so far as to threaten to stop a $90 million expansion project on its Horseshoe Southern Indiana facility.
In approving the purchase, the Indiana Gaming Commission fined Caesars $1 million for the threat, which never came to fruition. The Indianapolis Star reported the companies will not avoid the fee and the state expects to receive its $50 million as part of the transfer.
With the purchase finalised, the state’s gambling interests turn to when, or if, the state legislature will legalise sports betting.
Indiana Lawmakers Look to Debate Sports Betting
Legislation introduced in Indiana’s 2018 session in Indianapolis gives the state a head start for the 2019 session, the earliest lawmakers would likely discuss any sports betting bill. But the initial bills picked up little momentum in the statehouse last year and legislatures seemed divided on many of the same issues other states have wrangled with – assuming there’s political capital to pass a bill at all.
According to the Fort Wayne Journal Gazette, lawmakers still have to discuss permitted wagering locations, tax rates, mobile accessibility and revenue distribution. There’s also concerns about bets on amateur events, which is complicated by the NCAA. The organisation is headquartered in Indianapolis and was the primary defendant in the Supreme Court case that ultimately struck down the federal ban on sports betting.
If lawmakers pass a final bill through both houses, it will also need the approval from Gov. Eric Holcomb. The Journal Gazette reported the governor previously declined to comment on the prospects of approving a sports betting bill, saying it wasn’t a priority.
Still, lawmakers have viewed it as more of a priority than the governor and are undertaking a study of sports gambling’s’ impact on the state. Multiple lawmakers said they will file bills in time for the 2019 session where it will likely gain more traction than in 2018.
Out-Of-State Developments Could Spur Action
The progress and templates set by early sports betting adaptors could not only spur action but lay out a framework in Indiana.
Along with Nevada’s long-standing sports betting legalisation, Delaware, New Jersey, Rhode Island, Mississippi and West Virginia have all approved sports wagering and all will have taken bets before the end of the year. Several other states, notably Pennsylvania and New York, are working towards a system to take sports bets as well.
They’re far from alone. Several midwestern states, including neighbouring Illinois, have discussed sports betting at length and appear at the very least open to gambling expansion.
Kentucky, Indiana’s southern neighbour, has also made strides towards sports betting. A bipartisan group of lawmakers from both Bluegrass State legislative bodies have formed a bill that lays out their solution to many of the sports betting questions debated by their colleagues on the north side of the Ohio River.
Developments by Indiana’s neighbouring states combined with the increased presence of Caesars, a gambling industry leader long accustomed to handling wagers on sports, could sooner than later help push sports betting in the Hoosier State forward.
Source: gambling.com
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7-Eleven selects Jackpot.com as their official lottery partner
Online Lottery Courier Service Jackpot.com Announces Exclusive Collaboration with 7-Eleven, Inc.
Jackpot.com will serve as the official lottery courier service of 7-Eleven, Inc., initially launching in Ohio and Massachusetts
Jackpot.com – the online lottery courier service that allows consumers to purchase official state lottery tickets on their phone, tablet, or computer – announced today an exclusive collaboration with 7-Eleven Inc., the largest convenience store chain in the world, to serve as their official lottery courier service.
As part of the collaboration, 7-Eleven customers in Ohio and Massachusetts will be able to sign up and play lottery games and scratchers on the Jackpot.com app or website. The program will initially be launched in over 600 7-Eleven and Speedway stores in Ohio and Massachusetts, with a special launch promotion that gives 7-Eleven customers a free lottery ticket on their first deposit by using promo code, “7Eleven”.
“We’re thrilled to work with 7-Eleven, the leading retailer of lottery tickets in the country,” said Akshay Khanna, CEO and co-founder of Jackpot.com. “Leveraging our technology and innovation, we can provide additional convenience for their customers, while adding an additional source of revenue. A true win-win relationship for all.”
By launching in Ohio and Massachusetts in 2023 and 2024, respectively, Jackpot.com aims at adding another avenue for player convenience with one of the most widely recognized brands in the convenience-retailing space. With a presence in Ohio, the nation’s seventh-largest lottery market, and Massachusetts, whose state lottery produced $1.2 billion in net profit for the Commonwealth during the 2024 fiscal year, Jackpot.com’s collaboration with 7-Eleven represents an added layer of accessibility for players.
Jackpot.com remains committed to responsible play and has significantly invested in protocols by allowing customers of legal age to set spend limits and limits on daily deposits, all while providing access to local and national responsible gambling resources, self-exclusion, self-suspension and automated notifications that offer help should problematic behavior be detected. Jackpot.com is also the only lottery courier service to launch with an iCap certification from the National Council on Problem Gambling.
To learn more, visit jackpot.com. First-time users can also download the official Jackpot.com Lottery App on the iOS or Android App Stores, where available.
The post 7-Eleven selects Jackpot.com as their official lottery partner appeared first on European Gaming Industry News.
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The World Esports Summit 2024 Is Here!
The IESF World Esports Summit returns this December to Busan, South Korea. Hosted at the Busan Esports Arena (BRENA) from December 5-6, the Summit will bring together prominent figures from Esports, global brands, government officials, and sports executives for a deep dive into the current Esports trends, its rapid transformations, and future challenges.
This year’s theme, “Building Bridges, Not Barriers, Through the Power of Esports,” will highlight the role of Esports in uniting cultures, ideas, and industries. Under the slogan “We Empower Success,” the
Summit provides a great platform for Esports experts to engage in meaningful discussions and sessions, sharing their insights on trends and presenting forward-looking ideas for our industry.
The event, strategically timed at the close of the competitive season, presents a perfect environment for reflection on the year’s biggest events, industry shifts, and the next steps for Esports. Attendees can follow the expert’s perspectives on topics like:
- (R)Evolution in Esports
- East Meets West
- Esports Integrity: The Role of Referees
- The Rise of International Esports Competitions
- (In Korean) Korea’s Secret Sauce etc.
Also, featured at this year’s event are the IESF World Esports Training Camp and the World Esports Referee Academy.
These are very important IESF programs that are aimed at advancing the skills and professional standards of the next generation of Esports leaders.
Join us in Busan for two days designed to inspire, connect, and empower the international Esports community.
Registration for the World Esports Summit is free and open to all interested attendees.
To register, please complete our online registration form: iesf.formstack.com/forms/wes2024_participation_registration
See you in Busan!
The post The World Esports Summit 2024 Is Here! appeared first on European Gaming Industry News.
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Akhil Sarin CMO at Easygo named as key note at ICE Esports Conference
Clarion Gaming has confirmed that Akhil Sarin CMO at Easygo, the technology powerhouse behind the success of global brands Stake and Kick will headline the Esports & Games Conference (EGC) taking place on 21 January as part of the ICE Barcelona experience. As a key member of the executive team, Akhil Sarin has been instrumental in securing the high-profile partnerships that have accelerated Stake’s growth, including the Stake F1 team, UFC, Drake, and Premier League Everton FC.
Through these strategic alliances he has amplified Stake’s brand presence at the same time as creating unique, immersive player experiences, in the process setting new industry benchmarks.
Announcing the high profile speaker Will Harding, Head of Esports at Clarion Gaming said: “Securing Akhil Sarin as EGC key note at ICE Barcelona represents a remarkable opportunity for our attendees to gain invaluable insight into cutting-edge strategies in digital and influencer marketing .
“Akhil’s expertise with Stake and Kick.com embodies the forward-thinking, innovative approach that defines the digital marketing landscapes. His participation underscores the calibre of knowledge-sharing that we are committed to delivering at ICE and he is sure to both inspire our attendees and elevate their strategic perspective.”
Looking ahead to ICE Barcelona, Akhil Sarin stated: “Collaborating with Clarion Gaming at ICE Barcelona is an exciting opportunity to showcase Stake’s journey and continued focus on bold partnerships and creative marketing strategies that resonate with audiences.”
He added “The EGC is a vital platform for exchanging transformative ideas and shaping the future of gaming and entertainment. I look forward to discussing Stake’s vision and collaborating with industry leaders to inspire growth and innovation across the sector.”
The post Akhil Sarin CMO at Easygo named as key note at ICE Esports Conference appeared first on European Gaming Industry News.
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