Indiana Governor Signs in New Laws NORTH AMERICA
Indiana Governor Eric Holcomb has signed a bill allowing sports betting, which has already been approved by the state's legislature three weeks ago.
Te state of Indiana took another giant step toward new gambling legislation. Legislators in the House overwhelmingly passed a bill to legalise sports betting
INDIANA LEGISLATION
FLORIDA – Alfastreet has named Grandview Products as distributor for the Caribbean islands. Grandview Products has been rebuilding and distributing pre-owned casino machines since 2010. With a state-of-the-art facility located in Miami Florida, Grandview has established itself as the premier supplier of reconditioned machines and associated parts throughout Latin America, the Caribbean, Africa and Asia.
’With this new relationship with Alfastreet, we look forward to a more comprehensive product offering to our market within the Caribbean countries,” said Justin Silverstein, Grandview Products VP of Sales. Alfastreet has been a long-time supplier and supporter of the Caribbean customers with a wide range of premium gaming products.
‘’With a 25-year track record, we pay special attention to maintaining our leading position on the market. For this reason, we carefully chose Grandview Products as our main supplier in the territory, as their reputation and integrity come hand in hand with Alfastreet’s high standards. We are excited and motivated to elevate our service to even higher level and we’re looking forward to cooperating very closely with our new executive distributor, Grandview Products,’’ said Albert Radman, Alfastreet Sales Director.
US – Comtrade Gaming’s G2S (Game to System) EGM protocol stacks are set to be integrated into Incredible Technologies’ slot machines. “We’re eager to complete the integration of G2S with our EGM system software” said Larry Hodgson, VP of Engineering at IT. “Our partnership with Comtrade will allow us to expand into new markets where G2S technology is the preferred EGM management system. We’re now able to provide an integrated solution that is player centered.”
Created along GSA Standards, the G2S EGM Protocol Engine provides the vendor with the functionality to integrate a library of layered features to facilitate multiple host support, media server- initiated messages and detailed data to allow better performance analytics. As a part of the sCore G2S Solution business logic extensions highlight key insights to open two-way communication between EGM and host systems.
“G2S Protocol Stacks allow fast implementation and permit scalability and successful product performance,” explains Igor Rus, Director of Systems. “As we negotiate new global entry points, the cooperation with Incredible Technology reinforces that the market continues to develop along our strengths. Opportunities for innovation provide partners with solutions and prove that progress is in development.”
P28 NEWSWIRE / INTERACTIVE / MARKET DATA
Indiana Governor Eric Holcomb signed a bill allowing sports betting, which has already been approved by the state's legislature. Indiana will allow retail sportsbooks at casinos and other locations along with statewide mobile wagering, having removed it from the bill and then added it back in. No in-person registration will be required. A tax rate of 9.5 per cent on gross revenue has been set, with a share of this given over to funding problem gambling research.
Betting on esports or amateur athletes under the age of 18 will not be allowed though. Licences will cost $100,000 followed by $50,000 annual renewal payments. Te legislation sets limits on in-play betting to be overseen by the Indiana Gaming Commission.
“A certificate holder or vendor may use data selected in a manner approved by the commission to determine whether a wager is a winning wager,” the bill read. Under the bill, license holders can sign up to three brands, or skins, for online sports wagering. Te Indiana Gaming Commission will start accepting sports betting applications on July 1, 2019.
Fox Corp enters US sports betting sector with Stars stake
US
Te media company Fox Corp., which is currently owned and controlled by the American- Australian media mogul Rupert Murdoch and his family, is purchasing a 4.99 per cent stake in the gambling giant Stars Group. Tis is the largest investment made by a media company in the newly-opened sports betting market in the US. It is to provide Fox with the chance to start a sports betting platform of its own.
As revealed by Rafi Ashkenazi, the Chief Executive Officer of Stars Group, the media company is set to buy an almost five per cent stake in the gambling operator at the price of $236m. Back in 2018, the Canadian gaming giant spread its presence in the global gambling market as a result of the acquisition of
Governor Holcomb said: "Gaming is a highly regulated industry that once had little competition, but now does from surrounding states and new technology.
“By modernising our laws, this legislation will spur positive economic growth for our state and for an industry that employs over 11,000 Hoosiers. Additionally, it will bring in new revenue and create hundreds of new jobs — both permanent and in construction. I will direct the Indiana Gaming Commission to monitor for potential effects of this bill so that we can make necessary changes in future legislative sessions."
Sara Slane, American Gaming Association Senior Vice President of public affairs, said: “Indiana is one step closer to reaping the benefits of legal, regulated sports betting with a framework founded on a sensible tax rate and free from unnecessary league fees or carveouts. Te bill enables conveniences like mobile wagering and a safe alternative to the pervasive illegal market for the millions of Hoosiers who are already betting on sports.”
Sky Betting & Gaming worth $4.7 billion. A new sports betting application called Fox Bet is set to be released later in 2019, in collaboration between the two companies. Te sports wagering app is to offer two products. Te first one of them will provide users with the chance to try to predict sports games’ results for free, while the other will give them the opportunity to wager real money bets in states where online betting has been legalised and is regulated.
As revealed by the CEO of Stars Group, as part of the purchase deal, the gaming operator will be granted an exclusive license allowing it to use some trademarks of Fox Sports for a period of up to 25 years. Stars has also agreed to make an undisclosed investment in advertising on Fox Sports outlets on an annual basis. Specualtion is now rife concerning the potential for a full-scale acquisition in the future.
US
ESPN is joining forces with Caesars Entertainment to deliver the best in sports betting news and entertainment content. Te deal includes building a new ESPN-branded studio at Te LINQ Hotel & Casino in Las Vegas, where sports betting- themed content will be created, along with segments for ESPN's recently launched sports betting-related show, Daily Wager. Caesars' data and branding will also be integrated across ESPN programming within the coming weeks for use across ESPN's content. "Te sports betting landscape has changed, and fans are coming to us for this kind of information more than ever before," said Mike Morrison, VP of Business Development at ESPN. "We are poised to expand our coverage in a big way and working with a category leader like Caesars Entertainment will help us serve these highly engaged, diverse sports fans with the best and most relevant content possible.”
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