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Louisiana to legalise sports gambling soon

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The US state of Louisiana is likely to make sports betting legal soon. Governor John Bel Edwards has publicly supported the move. He pointed out that sports wagers would be tagged for use in boosting early childhood education.

The governor said, “I want to be in a position to actually do [sports gambling] in Louisiana because we know it is happening in Mississippi.” He asserted that allowing the sports gambling industry to flourish at the state’s casinos would make them competitive “so that the rest of their gaming isn’t diminished by the fact that patrons skip our casinos in order to go, for example, to Mississippi.”

If Louisiana state lawmakers approve sports wagers, it still might take some time before the activity is introduced. Once those legislators sign off on any bill, Edwards would have to give the green light and then each parish in the state would be given the right to determine, most likely through a vote, if the activity should be allowed in their districts.

Edwards said that during the press gathering that he would like to see all revenue from sports gambling go to early childhood education. He feels that this is fundamental in helping to reduce performance gaps that are seen between wealthy and poor students and between Caucasians and people of colour. He added, “We have way more than our fair share of students who show up and are not ready to learn and we don’t catch them up. If we are serious about education in Louisiana, this is just something we are going to have to do.”


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Louisiana to legalise sports gambling soon

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Mobile Betting Bill Fails to Progress Through New York Assembly

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Senator Joseph Addabbo’s mobile betting bill has failed to progress through the New York Assembly. The legislative session saw S17 fail to progress beyond the Assembly Standing Committee on Codes.

Addabbo tweeted that he saw no clear reason why the state could not implement mobile sports betting in 2019. Failure to do so would see the state miss out on around $75m in revenue, funding for education, and both job creation and retention.

“NY will be stuck like a disabled car on the shoulder, while we allow an illegal sports betting business in our state thrive and idly watch other neighboring states pass us up with enormous revenue gains from mobile sports betting,” Addabbo said.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Mobile Betting Bill Fails to Progress Through New York Assembly

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Eldorado Resorts to Buy Caesars Entertainment Corp

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Eldorado Resorts Inc., the US based casino operator, has agreed to merge with Caesars Entertainment Corp through a $17.3 billion cash and stock deal.

The deal, which is expected to be announced soon, values Caesars at close to $13 a share. The combined company’s ownership would be split roughly between Eldorado and Caesars shareholders.

An Eldorado spokesman said the company did not comment on rumours or speculation. Caesars did not immediately respond to requests for comment.

The combination of the two companies would create a serious competitor to larger casino industry players, such as Las Vegas Sands Corp, Wynn Resorts Ltd and MGM Resorts International.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Eldorado Resorts to Buy Caesars Entertainment Corp

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Nagasaki Governor Reaffirms His Support for Sasebo IR Bid

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Nagasaki Governor Hodo Nakamura has reaffirmed his support for the Sasebo IR bid and urged the national government not to delay too much in issuing its IR regulations and establishing the national regulatory framework.

While Sasebo’s bid is not linked to a specific timeline, the local government does wish to move forward quickly, especially now that other competing bids could emerge from the Kyushu region.

In related news, Nagasaki IR Business Connect Seminar is going to be held with the participation of international operators and investment groups.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Nagasaki Governor Reaffirms His Support for Sasebo IR Bid

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