Bill Proposes Sports Betting Kiosks For New York Stadiums

Bill Proposes Sports Betting Kiosks For New York Stadiums Dec 21, 2021 8:01:43 GMT -5 birdnest likes this

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Post by Blitz on Dec 21, 2021 8:01:43 GMT -5

Posting this in the LVS section because Sands would like a casino in NYC near a stadium...

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Bill Proposes Sports Betting Kiosks For New York Stadiums, Arenas, Racetracks

Fixed odds on horse racing also on the table as operators race to go live by Super Bowl

Mark Saxon - Published: December 20, 2021
www.nyonlinegambling.com/betting-kiosks-ny-sports-venues/

New York sports gamblers could have another convenient way to place a wager if a bill introduced by Assemblyman J. Gary Pretlow of Mount Vernon passes.

With mobile sports gambling slated to begin in New York sometime before the Super Bowl, Pretlow’s bill would allow sports betting kiosks at pro sports venues, horse racetracks, and OTBs through agreements with mobile sportsbook operators licensed in the state. They could also be placed at virtual lottery terminals.

The legislation, similar to a bill introduced by Sen. Joe Addabbo in the state Senate in November, would put kiosks at Madison Square Garden, Yankee Stadium, Citi Field, the Buffalo Bills’ Highmark Stadium, and at Saratoga, Belmont and Aqueduct racetracks, among other locales. Lawmakers are unlikely to take action on either bill until next year.

Pretlow and Addabbo are emerging as a powerful one-two combination in the quest to make sports wagering as easy as possible for New Yorkers. The lawmakers oversee the Standing Committees on Racing and Wagering in the New York Legislature and in April helped negotiate the legalization of mobile sports wagering in the state.

Kiosks at least a year away

The kiosks likely couldn’t be installed, at the earliest, until mobile sports betting already is up and running. If the bill passes into law, racetracks and the Aqueduct video slot facility would have to wait 12 months for the state to approve the agreements, and the kiosks at pro sports venues wouldn’t be installed until 20 months after approval of the bill.

New York licensed nine sportsbook operators to launch mobile betting in the state, which they’re expected to do before Super Bowl LVI in February. The licenses last 10 years, require a $25 million fee, and are subject to a 51% tax on gross gambling revenues, the highest such rate in the country. Retail sports betting is currently available in certain locations in upstate New York, but not in New York City.

Fixed-odds horse racing also allowed

Both Pretlow’s and Addabbo’s bills also allow sports betting operators to provide fixed odds on horse betting at their venues or, eventually, via mobile sports betting apps. Fixed-odds horse racing allows bettors to lock in odds prior to the race without having to worry about the price changing repeatedly, as it often does via parimutuel wagering.

The kiosks, meanwhile, would be regulated the same way retail and other mobile betting operators are regulated under state law.

According to Pretlow’s bill, the kiosks will be “connected via the Internet to the mobile sports wagering licensee’s server or other equipment used to accept mobile sports wagering.” It also stipulates that the kiosks can accept both account wagers and non-account cash wagers.

Photo: Kirby Lee/USA TODAY

Bill Proposes Sports Betting Kiosks For New York Stadiums Dec 21, 2021 8:03:42 GMT -5

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Post by Blitz on Dec 21, 2021 8:03:42 GMT -5

Las Vegas Sands Is Reportedly Discussing Opening a Casino Near Citi Field

Filip MishevskiBy Filip MishevskiPublished November 1, 2021
www.gamblingnews.com/news/las-vegas-sands-is-reportedly-discussing-opening-a-casino-near-citi-field/

SUMMARY:

    Steve Cohen is reportedly open to the idea of opening a casino near Citi Field
    These discussions are currently in a preliminary stage
    Both parties decided not to comment on the reports

New York Mets’ owner Steve Cohen is discussing a potential casino next to Citi Field with Las Vegas Sands Corp., as reported by numerous people who claim to be familiar with the discussions. These people claim that discussions are still in the preliminary stage. Considering the fact that the matter was private, they were given anonymity.

At the moment, the state is in its early stages of exploring the idea of offering casino licenses in the New York area, meaning that a formal plan between the Mets’ owner and Las Vegas Sands would need several legislative and regulatory approvals.

No Information Was Given From Either Side
When they were asked on the matter, both sides decided not to comment. A spokesman of the Mets did not offer any comments on Cohen’s view of the situation when asked on the topic, while Las Vegas Sands did not reply to an email and a voice message.

The New York State Gaming Commission (NYSGC) issued a 14-page information request earlier this month to increase the interest in the remaining three casino licenses in the downstate region in and around NYC. Responses are due on December 10, and one of the most daring moves that were made was by Hard Rock, which plans to open two casinos just eight miles apart from each other.

In the past couple of years, gaming and sports industries have grown a lot thanks to the fact that the US Supreme Court allowed states to regulate betting however they please. Some of the most prestigious leagues in the country, such as the MLB, NBA and the NFL, battled that lawsuit for many years, and after they turned out to be victorious, they quickly embraced the industry and all the money that came with it.

Recently, the Washington Capitals became the first major team from the US to include a sportsbook in its home venue. This is a sight that may become commonplace within the next few years. At the moment, legal sports betting in New York is only allowed at casinos.

The Mets Have a 99-Year Lease on Citi Field’s Land
Citi Field is owned by the Mets and this venue was opened in 2009 adjacent to the old Shea Stadium located in Flushing, Queens. Currently, the team has a 99-year lease to the land, including lots that are adjacent to the stadium and are being considered as potential sites for building casinos, according to the people.

Las Vegas Sands, on the other hand, is one of the biggest casino and resort operators in the country and was founded by Sheldon Adelson, the late billionaire. It has eight properties, including the Sands Expo and the Venetian Resort in Las Vegas. Moreover, it employs 50,000 people around the globe.

Casino gaming in New York State was legalized 10 years ago. The license structure put a priority on facilities in upstate communities located far from NYC. The bidding process resulted in 4 casino licenses while the other three were left for future development.

These three licenses will cover Nassau, New York City and Long Island’s Suffolk counties – the downstate locations. Putnam, Westchester and Rockland are also included.

Earlier this month, The New York Post reported that casino operators were interested in locations in the vicinity of Long Island’s Belmont Park, Citi Field, as well as Staten Island’s St. George neighborhood. The groups that are interested in these locations are Las Vegas Sands, Wynn, Bally’s Corp., as well as Genting, the casino operator based in Malaysia. Belmont Park in Long Island is home to the new arena of the New York Islanders and a racetrack.

There are a number of tribal casinos and racinos in New York. In the upstate region, there are additional four casinos – Rivers Casino & Resort (Schenectady), Del Lago Resort and Casino (Tyre), Resorts World Catskills (Kiamesha Lake) and Tioga Downs (Tioga). All of these facilities are at least 90 miles from New York City.