Iowa Sports Betting Launch & Pennsylvania Online Poker Update
We have got new info about online poker inward Pennsylvania, including partnerships (0:44), software and potential launch dates (1:04)! Plus, The Stars grouping has reached an agreement to expand to multiple states (1:46)! Plus, we’re covering manufacture news about an Iowa sports betting launch (3:07) and sports betting story from Massachusetts (3:40). Links to gambling news stories and special offers below.
? This Week’s Special Offer from Gossip Slots: http://online.casinocity.com/casinos/gossip-slots/
? Naomi and Jolani from Carly’s Angels: https://www.carlysangelslv.com/
? Stars grouping Agreement: http://online.casinocity.com/article/the-stars-grouping-and-penn-national-gaming-go inward-agreement-136786
? Hollywood Casino Online Poker: https://www.thisweekingambling.com/hollywood-casino-plans-for-online-poker-inward-pennsylvania/
? Iowa Sports Betting: https://www.thisweekingambling.com/iowa-sports-betting-launch-august-15th/
? Massachusetts Sports Betting: https://www.thisweekingambling.com/governor-massachusetts-sports-betting-by-2020/
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? Stars grouping Online Gambling Agreement:
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The Stars grouping today announced that it entered into an agreement with Penn National Gaming that grants it options to operate online betting and gaming inward states where Penn currently owns or operates casino properties. The agreement covers nine states, which, when combined with The Stars grouping’s existing market access deals, gives The Stars grouping access inward up to 20 states. Unless otherwise noted, all dollar ($) amounts are inward U.S. dollars.
The agreement grants The Stars grouping the option to own, operate and brand real-money online sports betting, poker and casino offerings inward each of the applicable states subject to license availability, state law and regulatory approvals. As it relates to sports betting, The Stars grouping’s options currently provide first of all skin access inward Illinois, Indiana, Ohio and Texas, and second skin access inward Kansas, New Mexico, Maine, Massachusetts and Michigan.
“We are excited to announce this agreement with Penn, a respected leader inward the gaming and racing manufacture inward the United States,” said Rafi Ashkenazi, Chief Executive Officer of The Stars grouping. “This agreement farther extends our market access platform, as we work to found our FOX Bet business as one of the leaders inward the emerging U.S. online betting and gaming market.”
Timothy J. Wilmott, Chief Executive Officer of Penn commented, “The Stars grouping is one of the world’s largest publicly listed online gaming companies. Its agreement with FOX Sports positions it to become a leader inward the U.S. manufacture, and we are excited to work with The Stars grouping to capitalize on its proven ability to leverage its products to gain share inward the growing market for online gaming.”
Under the terms of the agreement, Penn will receive a revenue share from the operation of the applicable offerings by The Stars grouping, an up-forepart cash payment of $12.5 million, and potential additional cash payments upon and next The Stars grouping’s exercise of each option.
More on Poker Stars and Pennsylvania Online Poker: https://www.thisweekingambling.com/stars-grouping-inks-9-state-online-gambling-agreement/
#GamblingNews #PennsylvaniaOnlinePoker #IowaSportsBetting