Sunday, 15 July, 2018

GAN targets second half launch for USA online sports betting

Monmouth Park’s William Hill Sports Book | Equi Monmouth Park’s William Hill Sports Book | Equi
Shannon Reynolds | 11 June, 2018, 16:27

TRENTON, N.J. (AP) - New Jersey Gov. Phil Murphy said Friday his state will have sports betting "sooner rather than later", but gave himself no timetable to act on a bill to legalize it.

The state of New Jersey led the legal battle against various sports leagues that lasted six years before the Supreme Court's ruling on May 14, which deemed the federal ban on state-sponsored sports betting - via the Professional and Amateur Sports Protection Act of 1992 - to be unconstitutional.

The state was the first U.S. state to legalize online sports betting last week and wasted no time to start offering sports betting activities to its citizens.

However, GAN has moved to allay concerns over the matter, saying that it has investigated the issue with its clients and does not now expect any impact on its plans to launch sports betting.

The company plans to use the proceeds to strengthen its software engineering resources in order to better serve existing customers in the country.

DE is the first state outside of Nevada to offer full sports betting.

Should Murphy sign the bill, Monmouth Park, as well as Atlantic City, at least at the Borgata, which is owned and operated by MGM and has experienced sportsbook director Jay Rood involved in the mix, are planning to roll out full-scale sports betting on Friday.

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The 65-year-old, who grew up in a council house in Failsworth, Lancashire, was knighted in the Queen's Birthday Honours List. It means there's been speculation that Abramovich could up sticks after buying Chelsea for £140million in 2003.

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He said during a telephone town hall shortly after Thursday's vote that he still needs to "review" the measure. He had earlier said that Monmouth would be ready to take bets once the bill is signed. Phil Murphy will sign it.

"What a marvelous day for New Jersey", said Assemblymember John Burzichelli (D-Cumberland/Gloucester/Salem), one of the bill's sponsors.

That would have affected the Golden Nugget, which is owned by Tilman Fertitta, who also owns the Houston Rockets of the National Basketball Association. Some lawmakers have estimated that wagering could yield as much as $100 million during the first year, but the state treasurer, Elizabeth Muoio, has put it much lower, at $13 million.

The New Jersey Assembly has unanimously approved a bill that would legalize sports betting.

The governor posted on Twitter that he plans on signing these bills into law Wednesday.

That would be a tiny drop in the bucket for New Jersey's proposed $37.4 billion budget for fiscal 2019, which is still being finalized. The Dover Downs Hotel & Casino, Delaware Park and Harrington Raceway & Casino opened the virtual sports betting doors via GVC Holdings owned proprietary sports betting platform, Stadium Technology. That would let the Golden Nugget back in the game. "The economic opportunities that sports betting will bring (will) create development, jobs and drive more people to Atlantic City to enjoy our great amenities".

Despite the desire of Atlantic City casinos and state racetracks to begin taking bets Friday morning, it's uncertain when the Democratic governor will let them. That law - PASPA - was struck down, allowing states to legalize sports gambling, if they choose to do so. "The bill allows for the creation of non-transparent betting markets that deny sports leagues critical tools to monitor betting activity and conduct integrity investigations".

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