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Bill Pascrell

Gaming Americas Q3 Meetup: US Legislation Round-up

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7 months ago

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The Gaming Americas Quarterly Meetups by Hipther Agency are designed to keep you up-to-date with what is fresh in the North American and Latin American gambling industry.

The meetups feature several panel discussions per region and topics that are joined by key industry experts, CEOs, C-Level Executives, Business Development Managers, and sometimes government officials/regulators.

The Gaming Americas Q3 Virtual Meetup that took place on September 13 brought back the quarterly US Legislation Round-up with our favorite experts, Bill Pascrell, III (BP3), Partner at Princeton Public Affairs Group, Martin Lycka, SVP for American Regulatory Affairs and Responsible Gambling at Entain, and Jeremy Kleiman, Gaming Attorney and Member at Saiber LLC.

Gaming Americas Q3 Session 2: US Legislation Round-up

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Speakers: Bill Pascrell, III (BP3) | Martin Lycka

Moderator: Jeremy Kleiman

Watch the Session on YouTube and HiptherTV!

 

In this edition of the US Legislation Round-up, moderator Jeremy Kleiman immediately delved into the major developments of the past quarter. He invited Bill Pascrell to kickstart the conversation with insights into Florida’s online sports betting launch, thanks to the Seminole-Hard Rock collaboration.

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Bill shared his unique perspective, having represented Hard Rock International for the last 11 years. He revealed that while Hard Rock had initially launched betting, legal challenges forced a temporary shutdown. However, recent legal developments suggest that Hard Rock is poised to relaunch on September 19th. Bill credited this success to Jim Allen, Chairman of Hard Rock International and CEO of Seminole Gaming, as well as the entire Hard Rock Team and the Seminole Tribe.

 

Bill also touched upon the legal complexities surrounding this case, especially regarding the Indian Gaming Act. He expressed excitement about Florida becoming the largest state in the nation to launch sports betting, emphasizing the enormous opportunities it presents.

Jeremy followed up by asking about the regulatory framework and potential collaborations with Hard Rock. Bill explained that opportunities for collaboration, both online and in retail, hinge on the Indian Gaming Act’s provisions. He also hinted at the possibility of ancillary services and additional partners.

Martin Lycka joined the conversation, emphasizing that Florida’s unique regulation is an example of the intricacies in US gambling and sports betting laws. He discussed the tax rates and restrictions in Florida and how four key states, including New York, California, and Texas, will shape the future of the US market.

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The discussion then shifted to California, where Bill discussed the need for a ballot referendum due to the state’s complex political landscape and gaming entities.

Regarding Texas, Bill shared that it has no history of gaming, with many Texans crossing state borders for gambling. Regulatory attempts in the state have thus far failed, with potential regulation expected in the spring of 2025.

The conversation touched on the crucial role of professional sports teams in shaping gaming regulation. Bill emphasized that these teams will be license holders for venues and possess significant political influence.

Martin pointed out the cultural contrasts in Texas, a conservative state with popular sports teams eager to embrace sports betting. He also drew attention to New York’s high tax rate, which poses challenges for operators.

Jeremy shifted the discussion to responsible gaming, with Martin informing us that September is the Responsible Gambling Education month in the US, underscoring the importance of responsible gaming education throughout the year.

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In summary, our panel of American gaming specialists provided a comprehensive session with valuable insights into US gambling legislation. They highlighted both the challenges and progress in key states, setting the stage for the future of the industry.

Watch the full US Legislation Round-up for Q3 on HiptherTV

 

Stay tuned for Session 3 of the Gaming Americas Q3 Meetup and the special focus on “AI Issues”!

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Bill Pascrell

Oddin.gg Boosts United States Expansion with Key Licensing Efforts and High-Profile Partnership

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5 months ago

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November 28, 2023

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Oddin.gg, a leader in eSports betting, is excited to announce significant strides in its North American expansion. Building on Oddin.gg’s existing licenses in Ontario, New Jersey and Colorado, the company is actively pursuing licenses in key states including Ohio, Maryland, Kansas and five more, underscoring their commitment to broadening the company’s footprint in the dynamic United States market.

The United States sports betting landscape is evolving rapidly, with regulations varying across states. This complexity makes navigating the legal requirements challenging but also presents a unique opportunity for innovation and growth in eSports betting. The market is projected to see exponential growth, with an estimated betting volume of around US$10 billion by 2025. The goal of Oddin.gg is to be at the forefront of this surge, offering an unparalleled betting experience.

In this ambitious venture, Oddin.gg is thrilled to partner with Bill Pascrell III, a distinguished figure in political and legal circles. His extensive experience as Counsel to the Governor of New Jersey, Passaic County Counsel and a trusted advisor to high-profile political campaigns and officials including John Kerry and United States Senators like Jon Corzine, Frank Lautenberg and Cory Booker, positions him uniquely to navigate the complex regulatory landscape.

“Our pursuit of additional state licenses in partnership with Bill marks a significant advancement in our mission,” the co-founder and Chief Executive Officer for Oddin.gg, Vlastimil Venclik, said. “We’re not just growing our footprint; we’re innovating and enhancing the eSports betting experience, setting new industry standards. This expansion reflects our dedication to providing engaging, reliable and compliant betting services to eSports enthusiasts across the United States. We’re excited about what the future holds and are committed to being at the forefront of this rapidly-evolving market. We strive to be the leading force dispelling the misconceptions surrounding eSports betting and vigilant guardian of the integrity not just in North America but globally.”

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“It is an honor for me to be retained by the number-one choice for eSports betting, Oddin.gg,” Pascrell said. “I will be assisting it as outside counsel with licensing and regulatory compliance in North America. Vlastimil Venclik, co-founder and Chief Executive Officer, and Marek Suchar, co-founder and Managing Director, are trail blazers in the eSports betting market. Vlastimil and Marek have tremendous reach and the best odds feed and risk management as a major B2B provider. The recent decision to expand the reach into the North American market by pursuing faster licensing in more jurisdictions in the United States has generated incredible interest in the ever-growing eSports betting market.”

The company’s goal goes beyond market presence. The aim is to create a richer, more engaging betting environment, tapping into the potential of a market ripe for transformation. This journey is about setting new benchmarks in eSports betting and creating lasting impacts that resonate with their users nationwide. Other news on how Oddin.gg continues to break new ground in the United States eSports betting scene will follow.

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