Connect with us

Industry News

Mississippi sports betting to go live at tribal casinos soon

Published

on

Reading Time: 3 minutes

The Mississippi Band of Choctaw Indians has passed the modifications to its gaming commission regulations. The new regulations allow sports betting, according to a report from WTOK. The changes have been approved unanimously at a special tribal council meeting, the amendments also make room for horse racing.

Pearl River Resort and Bok Homa Casino will offer sports betting, and they might even start sooner than the state’s other operators. Proposed regulations to govern Mississippi sports betting remain in a 25-day public comment period.

Once that period ends later in June, the Mississippi Gaming Commission can consider approving the rules.

Mississippi sports betting will be entirely land- and water-based, with mobile wagering allowed only within licensed casinos. It appears the regulations will be adopted at a meeting on June 21, per sources.

Compacts and sports betting

Like most tribes, the Choctaw operate casinos under a compact with the state of Mississippi. These compacts generally govern what types of gaming tribes can offer and what revenues the state receives from tribes. Other states including Florida and California face complicated challenges in amending those compacts to include sports betting.

“As more and more states begin to legalise sports betting, the vast majority of tribes in those states are going to need amendments to their existing compacts in order to operate a sports pool or sports book,” said Daniel Wallach, an authority on gaming and sports law. “Such amendments are time-consuming, do not always succeed, and even when successful, impose a higher revenue-sharing obligation on the tribes.”

So how did MS tribes get involved?

Here’s more from Wallach on why the Choctaw can move forward with sports gambling so quickly:

The reason why the Choctaw Tribe can legally offer sports betting is due to the interplay of the Indian Gaming Regulatory Act (IGRA) and the Mississippi Gaming Control Act. Under IGRA, federally-recognised Indian Tribes (such as the Choctaw) can engage in “Class III” gaming (such as sports betting) so long as the state in which the tribe is located “permits” such gaming and there is a state-tribal “compact” (or agreement) between the tribe and the state which expressly allows the tribe to engage in that form of gambling.

Here, both conditions have been met. In 2017, the Mississippi Legislature amended its Gaming Control Act to broaden the definition of “sports pool” to include “wagers on collegiate or professional sporting events or athletic events,” and also eliminated the prior prohibition on casino licensees accepting wagers on athletic events that take place off the licensed premises. As a result of these two amendments, Mississippi became the third state (after Nevada and New Jersey) to legalise single-game sports betting.

Further, the 1994 Compact between the Choctaw Tribe and the State of Mississippi (as approved by the US Department of the Interior) recognises that “sports pools” (defined as the business of accepting wagers on sporting events) “is allowable gaming under this Compact only if such wagers are allowed on non-Tribal lands under the law of the State.” Thus, when sports wagering became legal in Mississippi by virtue of the 2017 amendments to the Gaming Control Act, it also became an “authorized” form of gaming for the Choctaw Tribe under its long-ago negotiated compact with the state.

Choctaw Indians in “a great position”

In Mississippi, the compact forged in 1994 needs no changes. Language in the regulations reads that sports betting can be conducted in tribal casinos “if such wagers are allowed on non-tribal lands under the laws of the state.”

“Some tribes are in a great position to immediately enter the land-based sports betting market as soon as their state-licensed land-based casino competitors do so, even if authorizing legislation does not explicitly mention them,” said gaming attorney Jeff Ifrah of Ifrah Law.

Thanks to a 2017 change to Mississippi law, that is the case in the Magnolia State. Lawmakers used a bill approving daily fantasy sports in the state to repeal Mississippi’s prohibition on sports betting. While some legislators claim ignorance of the language in the bill, none are making serious efforts to stop sports betting.

Other changes address more gaming options

The council also approved changes that address a wide range of gambling options. This includes skill-based games, DFS, esports and slot products that award community-based bonuses to groups of machines.

Pearl River Resort looks to be the first of the tribe’s casinos that will offer sports betting.

 “The resort is very excited about the opportunity to offer these new products for our guests in a vibrant and advanced gambling environment,” Phyliss Anderson, Choctaw Resorts Development Enterprise board chairman and tribal chief, told WTOK.

Source: LegalSportsReport.com

Source: European Gaming Media and Events

Continue Reading

Industry News

Caesars and Eldorado Set Date for Shareholders Meetings

Published

on

By

Caesars and Eldorado Set Date for Shareholders MeetingsReading Time: 1 minute

 

Caesars Entertainment and Eldorado Resorts have announced that they will hold separate shareholder meetings on November 15 to vote on their proposed US$17.3 billion merger.

The meetings will see Caesars shareholders cast their vote at Caesars Palace in Las Vegas from 9 am Pacific Time while Eldorado shareholders will converge on Eldorado Resort in Reno. At stake is one of the biggest corporate gaming industry deals in history, with Eldorado looking to acquire the entire outstanding share capital in Caesars by way of a US$7.2 billion cash payment, 77 million Eldorado common shares and the assumption of Caesars’ outstanding net debt.

If approved, Caesars will merge with Eldorado subsidiary Colt Merger Sub Inc and become a new wholly-owned Eldorado subsidiary existing under the Caesars name.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Caesars and Eldorado Set Date for Shareholders Meetings

Continue Reading

Industry News

Tom Horn’s Hot’n’Fruity promises classic entertainment with huge winning potential

Published

on

By

Tom Horn’s Hot’n’Fruity promises classic entertainment with huge winning potentialReading Time: 1 minute

 

Watch the winning blaze explode !

Tom Horn Gaming’s new slot game, Hot’n’Fruity, promises to satisfy any craving for a feature-packed, visually attractive gaming entertainment.

In recent months the provider has upped its game, releasing more engaging titles with new innovative features, while still keeping classic player experience alive. This well-balanced combination of new ideas, presented in the form of game mechanics, and a tried and tested game concept, theme or visual is reflected also in Hot’n’Fruity.

Despite its thematic simplicity, this 5-reel slot is extremely engrossing due to its nifty features and winning rhythm. There are two symbols to look for. A W-star symbol appears anywhere on the screen and acts like a random Wild showering players with unexpected big wins.

R-stars are the ultimate characters to come across in Hot’n’Fruity as they trigger a Respin Wild feature when they land on the 2nd, 3rd or 4th reel. They expand to cover the whole reel, remaining in place while the other reels respin.

This game is sure to award lucky players with many winning opportunities. In addition to a nicely devised winning pattern, the art style is extremely well drawn and quickly pulls players into the settings.

The game is just another fruity slot, but a more inspired, nuanced alternative sure to capture the attention of players in many markets. It is available worldwide from 15th October 2019.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Tom Horn’s Hot’n’Fruity promises classic entertainment with huge winning potential

Continue Reading

Industry News

Privatisation of FDJ to Begin in November

Published

on

By

Privatisation of FDJ to Begin in NovemberReading Time: 1 minute

 

Bruno Le Maire, France’s finance minister, has revealed that the subscription period for Française des Jeux’s (FDJ) initial public offering (IPO) will run from November 7–20. The privatisation of FDJ, the leading operator in Europe, in being anticipated as one of the year’s main highlights.

Bruno Le Maire said that French people and investors will have the chance to subscribe to FDJ shares between November 7 and November 20. He added that the state will not fix a limit for the offering, and that retail investors will get one free share for every 10 shares purchased and a 2% discount on the offer price.

The French state currently holds 72% of FDJ, but after the privatisation, it will only have 20% of the company. Government spokeswoman Sibeth Ndiaye said that the ordinance ends the FDJ monopoly to replace it with a limited-term right, set at 25 years and renewable.

“I hope that this privatisation popularly succeeds with the widest participation possible,” Le Maire said. The minister added that the privatisation will allow the company to develop and reach its full potential.

As part of the privatisation, the French government unveiled the creation of the L’autorité nationale des jeux (ANJ), which will replace L’autorité nationale de régulation des jeux en ligne (ARJEL).

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Privatisation of FDJ to Begin in November

Continue Reading
Advertisement
NSoft

Trending