Canada Sports Bill Expected late January NORTH AMERICA
Proposed Canadian Federal Government legislation to legalise single-event sports wagering will have to wait until the New Year to be brought into law
Te proposed changes would give provinces and territories the ability to offer single-event sport betting products
CANADA SPORTS BETTING
US - Governor Steve Sisolak defends decision Nevada’s Governor Steve Sisolak has defended his decision to keep the state's casinos open despite rising levels of COVID-19 infections, as he looks to balance public welfare with the economy.
Despite full casino closures in Pennsylvania, Michigan, and Illinois, Nevada will instead allow casinos to operate at 25 per cent of capacity.
Governor Sisolak said: “I know it’s hard for Nevadans to reconcile why some areas of our economy and public life are restricted while the State’s casinos are open. The gaming industry are under the same restrictions as many of our small businesses, and in some cases, even tougher restrictions. Restaurants and bars in casinos face the same capacity limits as those in our neighbourhoods.
“Gaming floors have been reduced to 25 per cent as well. In fact, under the authority of the Gaming Control Board, the gaming industry is arguably the most regulated industry in the State – they hold privileged licenses. They must follow strict mitigation directives and face tough consequences if they don’t.
“And I think it’s important to make this 100 per cent clear: when I think of the gaming industry, I am not losing sleep at night because I'm worried about their stock prices or whether gaming executives are going to make it through the pandemic and be able to keep a roof over their heads. I lose sleep at night because when we were under a stay at home order in the spring, we lost a quarter of a million jobs in three months in this State and that’s largely due to casinos being closed for 78 days straight.”
US - FSB records 216 per cent increase FSB are enjoying a record-breaking NFL season following a strong jump in November numbers. Headline stats from FSB’s NFL season to date include a 25 per cent jump in margin year on year and a 13 per cent increase in average wager size. This has led to a 216 per cent year on year increase in turnover from NFL markets and odds.
Mark Wilson, Head of Trading at FSB, commented on the statistics: “We have been committed to bulking up our US sports coverage in 2020 and these numbers are a testament to that. As you can imagine, our partners are absolutely delighted, too. Throughout the year we’ve been adding more in-play and derivative markets to our NFL content portfolio so it’s great to see that these have been popular.”
The news comes as FSB prepares to enter the North American market for the first time, bolstering its US senior management team with the appointment of Bob Akeret as Vice President of Operations North America.
P16 NEWSWIRE / INTERACTIVE / MARKET DATA
Proposed Canadian Federal Government legislation to legalise single-event sports wagering in Canada (Bill C-13 "An Act to amend the Criminal Code (single event sport betting) will have to wait until the New Year to be brought into law.
Te House of Commons of Canada adjourned for the Christmas break on December 11 without hearing the debate on single-game sports wagering. Tis is expected to kick-off in late January when House members return from their holiday period. Te bill looks to have widespread bipartisan support.
Minister of Justice and Attorney General of Canada David Lametti presented the bill on November 26, when it received the first of three readings. A spokesperson for Lametti’s office said: “We are pleased to see the support that the bill has received since it’s been introduced, and we hope that all leaders will work together to pass these changes expeditiously. Our Government knows that in order for gambling to take place in a safe and responsible way, it must be properly regulated.
“Te changes we are proposing would give Canada’s provinces and territories the ability to regulate single-sport betting. By taking illegal
Penn National Gaming to acquire Hollywood Casino Perryville
Maryland
Penn National Gaming, has reached agreement with Gaming and Leisure Properties to acquire the operations of Hollywood Casino - Perryville in Maryland for $31.1m in cash, subject to certain customary working capital adjustments.
Simultaneous with the closing of the transaction, Penn National will enter into a lease with GLPI for the real estate assets associated with the Hollywood Casino Perryville facility with annual rent of approximately $7.77m.
“Penn National is excited to acquire the operations of Hollywood Casino Perryville, a property we developed in 2010,
betting profits out of the hands of organised crime, revenues could instead be directed towards health care and education initiatives, as has been done with other lottery revenues. Tese changes would also create opportunities to work with Indigenous communities to strengthen their participation in the gaming industry.”
Te federal government would maintain its role in overseeing pari-mutuel betting on horse racing. Te proposed amendments would give provinces and territories the discretion to manage single event sport betting in their respective jurisdictions and offer Canadians an opportunity to place bets in a regulated environment either online or in physical facilities.
By taking illegal betting profits out of the hands of organised crime, the revenues generated from provincial and territorial-operated gambling could be used by provinces and territories to fund programmes and services in areas such as health care and education, as they currently do with other lottery revenues. Te proposed amendments also clearly respond to calls from labour leaders, particularly in communities along the Canada-U.S. border, following similar changes made in a number of border states.
which will allow us to re-enter the strong Maryland gaming market and add a twentieth gaming jurisdiction to our leading nationwide footprint,” said Jay Snowden, President and CEO of Penn National. “In addition, with the recent approval of sports betting through the overwhelming passage of Question 2 on Election Day, Maryland is expected to soon become a significant retail and mobile sports betting market. As such, this acquisition provides another opportunity to expand our unique omni-channel platform with a Barstool- branded retail sportsbook and mobile app,” concluded Mr. Snowden.
Te transaction is expected to close in mid-2021, subject to the approval of the Maryland Lottery and Gaming Control Commission and other customary closing conditions.
New Jersey
A custom game designed by Everi Digital has launched on nj-
casino.goldennuggetcasino.com in celebration of the online casino’s seventh anniversary. It is the 777th game showcased for Golden Nugget’s players. “Golden Nugget is one of the largest and most established online casinos in North America and has been a staple of the US online casino industry. Tey also host the largest online game library,” said David Lucchese, EVP of Sales, Marketing and Digital for Everi. “We are honoured to have been selected to design a custom game for this industry leader as part of their seventh anniversary.” Warren Steven, Senior Director, Golden Nugget Online Gaming said: “With the launch of the Golden Nugget Stepper branded game, Everi has been a committed partner and delivered an exceptional game for us.”
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