Caesars says it’ll expand sports books to states

replica designer bags wholesale WASHINGTON aaa replica designer handbags (AP) The Latest on the Supreme Court ruling striking down a federal law that bars gambling on football, basketball, baseball and other sports in most states (all times local): replica designer bags wholesale

replica bags Casino giant Caesars Entertainment says you can bet it will expand its sports wagering business to states where it says secure and responsible gambling is legalized. Supreme Court could end illegal sports wagering by replacing it with a well regulated alternative that sports fans can trust. states and replica Purse five countries. Supreme Court cleared the way for states to legalize it. replica bags

A bill sponsored Monday by Democratic state Senate president Steve Sweeney and others would set an 8 percent tax rate for bets made in Replica Designer Handbags person at casinos and racetracks, and 12.5 percent on online bets.

The state Division of Gaming Enforcement, Casino Control Commission, and state Racing Commission would all be involved in regulating sports bets that would be placed through casinos and racetracks.

The bill would presumably supplant one introduced last week that would have paid an “integrity fee” to the sports leagues, in effect giving them a cut of the proceeds from sports betting.

replica designer bags The chairman of the Senate Finance Committee says he’ll propose legislation that would establish standards for sports betting that will uphold the integrity of the game, protect Handbags Replica consumers and safeguard against underage gambling. replica designer bags

Republican Sen. It made Nevada the only state where a person could wager on the results of a single game.

bag replica high quality Hatch says the 1992 law was created to replica handbags online protect the integrity of athletics from corruption. He says the upcoming legislation will have that focus, too. bag replica high quality

best replica designer bags A New Jersey horse track Fake Handbags says it plans to start taking bets within two weeks “unless someone stops us.” best replica designer bags

At a news Replica Handbags conference at Monmouth Park racetrack in purse replica handbags Oceanport, New Jersey, Dennis Drazen, chairman and CEO of wholesale replica designer handbags Darby Development LLC, which operates the track, said he envisions wagering via kiosks, websites and mobile apps.

aaa replica bags The track already has a sports book set up. aaa replica bags

Drazen said he Replica Bags Wholesale will take his cue from lawmakers, who were huddling with cheap replica handbags Democratic Gov. Phil Murphy’s office before deciding when to act on a bill they have Wholesale Replica Bags already introduced to regulate sports betting.

A gambling market researcher says the market for legal sports betting could be more than $57 Replica Handbags billion nationwide.

Analyst David Katz of the Jefferies firm in New York is projecting modest near term high quality replica handbags positive effects on the gambling industry following Monday’s Supreme Court ruling.

best replica bags His analysis says regional casino Fake Designer Bags operators Penn National Gaming and Caesars Entertainment could be possible big winners. best replica bags

The analysis says negotiating and establishing regulations and licenses could take time, and that gambling technology companies Scientific Gaming Corp. and IGT also are well positioned to benefit from the ruling.

replica designer backpacks Representatives of the four publicly traded companies did not immediately respond to messages seeking comment. replica designer backpacks

Las Vegas based MGM Resorts International welcomed an expansion of sports betting to other replica handbags china states, saying it offers a chance “to protect consumers and benefit the public by regulating and taxing sports betting.”

The NFL plans to ask Congress “to enact a core regulatory framework for legalized sports betting” following the Supreme Court’s ruling that would allow sports wagers in most states.

replica wallets In its statement, the NFL noted that “Congress has long recognized the potential harms posed by sports betting to the integrity of sporting contests and the public confidence in these events.” replica wallets

The NFL also said it will work closely with teams to ensure that any state proposals “protect our fans and the integrity of our game.”

The PGA Tour has restated its support of sports gambling following a Supreme Court ruling that overturned a federal law barring gambling in KnockOff Handbags most states. The tour’s position is similar to the NBA and Major League Baseball on gambling issues and it says it will continue to work with state legislators and Designer Fake Bags regulators.

The tour last year established a program that requires players on all six circuits the PGA Tour manages to take part in an online tutorial that, among other things, illustrates some of the far reaching effects of gambling.

replica bags online “We believe that regulation is the most effective way of ensuring integrity in competition, protecting Replica Bags consumers, engaging Designer Replica Bags fans and generating revenue for government, operators and leagues,” the tour said in a statement replica bags online.

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