Pennsylvania late last week opened the process to daftar poker allow existing casinos to file for the right to establish sports books. Through the weekend, nobody had jumped, which isn’t surprising given the logistics involved — and what state lawmakers are charging.
The head of William Hill US, which just partnered with the Ocean Resort formerly Revel in Atlantic City to run its book, says the company is not making any similar deals in the Keystone State because the law calls for a 36 percent tax on operators’ revenue plus a one-time fee of $10 million. Sounds like the deal Michael Corleone offered Moe Greene in The Godfather
“Pennsylvania is in a different bucket because of the tax rate,” said Joe Asher, William Hill’s chief executive officer, who is from Wilmington and worked as a kid at the old Brandywine racetrack. daftar poker “We can’t figure it out. Because of it, we haven’t spent the time or effort in Pennsylvania that we have in New Jersey. The tax rate is such a big challenge.”
Moe Greene, a character played by Alex Rocco in the 1972 film The Godfather, refused to sell his casino to Michael Corleone. His demise was not a pleasant one.
The lack of movement over the weekend was not surprising to Doug Harbach, spokesman for the Pennsylvania Gaming Control Board. Harbach said the process is open for 120 days. daftar poker It’s worth noting that the NFL would start on the 98th day of that window Sept. 6, and college football on the 86th day Aug. 25.
The board is accepting comments from interested parties until June 15.
“We’re evaluating what to do with sports betting,” Evan Davis, vice president and general counsel for SugarHouse Casino in Fishtown, said last week. “The devil is in the details.”
Meanwhile in New Jersey …
The state took another step toward authorizing sports betting with the approval of bills in Senate and Assembly committees. A final full vote is expected on Thursday, which would result in a bill being sent to Gov. Murphy, who supports sports betting.
Professional leagues testified about their opposition to the measure to lawmakers on Monday. The leagues, fearful of nefarious consequences that wagering could invite, daftar poker are seeking a piece of the pie. They say an “integrity tax” would help them police unlawful gamblers.
NBA lawyer Dan Spillane contended that sports betting “builds its product entirely on another business, imposes substantial risks on the other business, and requires the other business to spend more to protect itself, all without providing compensation or a voice in how the underlying product is used.”