Caesars casino “in the heart of Times Square”
Caesars Entertainment and SL Green Realty Corp have announced plans for a new casino “in the heart of Times Square.” They wish to create 1515 Broadway as a “premier gaming and entertainment destination.” They believe there would be social and economic aspects, including the supposed benefits for New York.
The duet also mentioned the efforts of NYC Mayor Eric Adams and the NYPD in Times Square, proposing “significant security and traffic improvements.”
Caesar shared, “These efforts will make visitors feel safer, improve mass transit, encourage pedestrian travel, and mitigate vehicle congestion in the area, pursuant to a proposed traffic plan to be included as part of the project.”
Former NYC Police Commissioner William Bratton commented, “This investment will ensure Times Square is safe for years to come.”
They also mentioned that Broadway theatre would be included in the Times Square venue’s design, specifically for The Lion King. “Caesars is thrilled to partner with SL Green in connection with a five-star project that will meet and exceed New Yorkers’ expectations for world-class entertainment, immediately enhancing New York City’s tourism engine and elevating this one-of-a-kind global destination to new heights,” said Tom Reeg, Caesars CEO. SL Green CEO Marc Holliday added that once the license is issued, they can open quicker than other facilities, which require entirely new construction, and changes in law and will be disruptive to their local communities.
Online sports betting ballot measure in California updates
The proposition of allowing online sports betting in California doesn’t look promising as the state’s tribal gaming leaders confirm that they will continuously encounter financial and political resistance. This is the most expensive single-ballot issue in California history. Before we get to the results, here are explanations of each proposition:
Proposition 26 allows in-person sports betting at racetracks and tribal casinos. It requires that racetracks and casinos that offer sports betting make certain payments to the state. The proposition also allows other gambling—such as roulette—at tribal casinos.
Proposition 27 allows tribes or gambling companies to offer online sports betting. It requires tribes and online sports betting providers to make payments to the state for specific purposes. This includes supporting state regulatory costs and addressing homelessness.
Jacob Mejia, executive director of the California-based Tribal Alliance of Sovereign Indian Nations, shared, “Whoever these operators are, this is the lesson they have to take. Go to a tattoo shop, have this put somewhere on your body; ‘I will never underestimate California tribes again,’” Mejia said during a panel at the 2022 Global Gaming Expo.
Proposition 26 is a separate initiative backed by many of the state’s major gaming tribes and seems headed for defeat. Native American leaders say protecting sovereignty by opposing the commercial sportsbook-backed mobile initiative is the far more pressing issue.
Opinions shared during the Global Gaming Expo
Speaking together at a Global Gaming Expo (G2E) panel last week, DraftKings CEO Jason Robins and FanDuel CEO Amy Howe both said they would push for online sports betting legalization in 2024, should the 2022 referendum fail as expected. At a tribal gaming session a few hours later, Native American gaming leaders reaffirmed plans to oppose them, saying that they want to take care of our children, want to grow their businesses, want to take care of the future of their families,” said Victor Rocha, conference chairman of the Indian Gaming Association.
Tribes in Connecticut, Arizona, and Michigan all worked with commercial operators to offer online sports betting. In California, this remains a possibility, but the road forward remains tough.
Rocha said that the pro-Proposition 27 campaign has already hurt strained relationships with the tribes. Any such potential compromise deal two years from now – or any time in the future – will create a very different environment for the commercial operators than they’ve enjoyed in other states. “They are not going to be our partners anymore. They are going to be technology providers. We’re going to put them back in that box, and we’re going to send them back where they belong, as service providers.”
Penn Entertainment partners up with Game Plan on an education initiative
Penn Entertainment’s interactive division partnered with athletic development and educational initiative provider Game Plan. Game Plan works with businesses, organizations, and industry stakeholders to develop tailored developmental programming for athletes.
The partnership focuses on developing a comprehensive instructional program. It covers game integrity and emerging career opportunities within the online sports betting industry.
The eLearning platform program will include content geared around educating and informing student-athletes about NCAA bylaws about the sector. It will begin with a virtual event for athletes on October 25 and 26. It will include an in-depth look at the various stakeholders in the online sports betting space.
Additionally, it will show emerging career opportunities available for young professionals.
The deal is that Penn Interactive will provide insights from a sportsbook operator’s perspective about the sector, working to develop educational and career resources for athletes. Game Plan CEO Vin McCaffrey said,
“The college sports and regulated sports wagering landscapes have evolved significantly in recent years,” McCaffrey said. “As they each undergo unprecedented changes, it’s more important now than ever to ensure student-athletes. They have to get education on how legal sports wagering and college sports can coexist and positively impact the integrity of college athletics,” he added.
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