Fantasy Sports are gambling

New York Gaming Commission Green Lights Sports Betting Regulations

The New York Gaming Commission on Monday approved a set of proposed sports betting regulations for four existing upstate casinos, potentially setting the stage for the launch of legalized sports gambling in the Empire State. The comprehensive regulations address a wide range of gaming issues from tax and compliance requirements to sports pool licensing guidelines, as well as broad wagering restrictions. The main takeaway from Monday’s meeting, however, centers on a provision that was not discussed. The regulations do not include any guidelines for mobile sports betting, a subject that has garnered intense debate within the state as New York…

Fantasy Sports are gambling

New York Sports Betting Bill Back for 2019

The state Gaming Commission will meet to discuss a New York sports betting bill for land-based casinos on January 28, 2019. An agenda published ahead of the meeting states that the Commission will look at proposed rules for regulating the industry. The Commission did not go into detail as to what it will specifically focus on at the meeting, but it will be the first time that the regulatory body will officially discuss potential rules and regulations for the vertical. A 2013 constitutional amendment gave the state’s casinos the right to launch sports betting should the Professional and Amateur Sports Act…

Fantasy Sports are gambling

Governor Wants Legal New York Sports Betting

New York Governor Cuomo wants 2019 to be special. In fact, he wants this to be the year of legal New York sports betting. “Let’s authorize sports betting in the upstate casinos,” Cuomo said Tuesday early in his State of the State address. “It’s here. It’s a reality, and it will generate activity in those casinos.” New York passed a 2013 law that authorized four upstate casinos to offer in-person sports betting, if permitted by federal law. Then, in May of 2018, the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act… the federal statute which restricted…

New York

Online Poker Bill in New York Returns for 2019

An online poker bill in New York is back for the New Year, as State Senator Joseph Addabbo is pushing new efforts forward. The new bid to legalize online poker will also block any company involved in the US iGaming market after December 31, 2006. The newly-appointed chair of the Senate Racing, Gaming and Wagering Committee has filed Senate Bill 18, which aims to allow all those aged 21 and above to play poker online. S00018 looks to issue up to 11 online poker licenses, with only licensed video lottery gaming facilities and Class III (tribal) gaming licensees eligible. Each…

New York

New York Online Poker Outlook for 2019

Year after year, New York online poker keeps getting pushed back. The state’s inability to pass an online gaming bill has been vexing. Legislation has breezed through the NY Senate on multiple occasions, only to run into an invisible brick wall in the lower chamber. Assemblyman Gary Pretlow, the key lawmaker on gaming issues, has offered a carousel of excuses to explain the Assembly’s inaction. With the state poised to take on sports betting in 2019, online poker will almost certainly get another look. Just don’t expect the two issues to commingle. That’s something Pretlow is not a fan of…

Bet365 New York sports betting

Deal Reached for Bet365 New York Sports Betting

A deal for Bet365 New York sports betting has been reached between the UK-based online gaming giant and Empire Resorts. The deal will lead to the two setting up online and live sports betting at the Resorts World Catskills casino in New York state. Sports betting has not yet started in New York, but the enabling law is on the books and the casinos are getting ready to go. The partnership is a “strategic alliance” that involves substantial new investment. As an indication of the long-term commitment, bet365 will buy up to $50 million of Empire Resorts shares in two…