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Gaming forum marked by talk of compromise on sports betting.
Published January 26. 2021 8:18PM | Updated January 27. 2021 2:11PM.
By Brian Hallenbeck Day staff writer.
Connecticut’s gaming future may have started to take shape Tuesday just as the Mashantucket Pequot Tribe, one of that future’s major players, was announcing its involvement in the reopening of an iconic casino in Puerto Rico.
Rodney Butler, the Mashantucket chairman, had to be in two places at once.
After participating in a news conference in Puerto Rico, Butler took to Zoom to join an informational forum conducted by the state legislature’s Public Safety and Security Committee, which is working on a gaming bill that would legalize online gaming, sports betting and the online sale of lottery tickets.
A compromise, in which each of the state’s four licensed gaming operators could expand their portfolios, is emerging.
The Mashantuckets and the Mohegan Tribe, respective owners of Foxwoods Resort Casino and Mohegan Sun, appear to be willing to ease up on their insistence that only they be allowed to provide online gaming and any form of sports betting in the state. They could be allowed to provide online sports wagering while other in-state operators provide sports betting at retail, or brick-and-mortar, locations.
“Let’s do no harm. Whatever we do, we should do it on a government-to-government basis,” Chuck Bunnell, the Mohegan chief of staff, said during the Zoom hearing. “We’re willing to be reasonable, to talk. That’s what partners do.”
Tribal representatives have been meeting with Gov. Ned Lamont to reach an agreement on gaming expansion. The tribes maintain that sports betting is a casino game and as such is covered by their exclusivity agreements with the state. In talks with the governor, “We’ve been pretty clear that no one new should come into this market,” Bunnell said.
In one scenario, Sportech Venues, which operates a dozen locations at bars and restaurants around the state as well as an online betting service, could be authorized to provide sports betting at its locations but not online.
“I haven’t been convinced that they shouldn’t have an opportunity for sports betting,” Rep. Kurt Vail, R-Stafford, said of Sportech, responding to Bunnell. “Maybe you guys could work something out together.”
Ted Taylor, the Sportech Venues president, rejected the idea, saying online sports betting represents about 80% of the sports betting market, which is dominated by younger males. He said the last thing he’d want is to have patrons at Sportech locations watching sports on multiple screens while placing bets “on somebody else’s app.”
Butler, in a Zoom interview after the hearing, challenged Taylor’s view, saying sports betting could be a boon to brick-and-mortar locations. He said sports betting centers could be developed in places like the XL Center in Hartford and at a location in Bridgeport, as suggested by Sen. Dennis Bradley, D-Bridgeport, the public safety committee co-chairman. The tribes could be willing to partner on such centers, Butler said.
Greg Smith, president of the Connecticut Lottery Corp., said lottery sales have been growing during the pandemic after an initial dip and that authorizing online ticket sales would increase sales further. He said online sales would ensure the lottery stays relevant to young people making increasing use of mobile devices. Rob Simmelkjaer, chairman of the lottery corporation’s board of directors, made a pitch for sports betting, calling the quasi-public agency the ideal operator because it contributes all of the net revenue it generates to the state.
The lottery sells its products at some 3,000 retail locations statewide, not all of which would be suitable as sports-betting sites.
Butler was joined at the news conference in Puerto Rico by the governor of Puerto Rico, Pedro Pierluisi, and Andro Nodarse-LeГіn, founder and chief executive officer of LionGrove, the hospitality investment firm that owns the Fairmont El San Juan Hotel. The Mashantuckets and LionGrove announced they will reopen the El San Juan Casino at the hotel, renaming it the Foxwoods El San Juan Casino.
The casino has been closed since 2016. Its reopening, involving an investment of $12.5 million, will come after $137.5 million worth of renovations to the hotel before and after Hurricane Maria in 2017. The renovations and the reopening of the casino are expected to generate $22 million in economic impact and 360 new jobs, including more than 150 at the casino.
During its heyday in the 1960s, the El San Juan’s Tropicoro nightclub, which the partners also will reopen, drew stars such as Frank Sinatra, Tony Bennett and Sammy Davis Jr.
Casino Gambling Online Trends 2021.
Casino Gambling Online Trends 2021.
The online casino gambling industry experienced record growth last year and 2021 is expected to be even bigger.
Casino classics such as slots and the BetRivers promo code are still the most popular games and bonuses but other ways of gambling are taking form such as decentralized gaming. In this article, I will talk about what technology is driving the trends and what to expect in the near future.
How Decentralization Is Transforming Online Gambling.
One of the major growth areas over the last 5 years is decentralized gaming. It works by the decentralized blockchain running smart contracts that make possible a completely decentralized platform. Become it is decentralized means anyone around the world can access it anonymously along with can be ensured true results due to blockchain verification of each transaction.
New Casinos Powered By Crypto Tokens.
New blockchain-powered gambling platforms can create their unique characteristics of cryptocurrency. It can be done via using blockchains such as Ethereum and EOS. There are many advantages of this for the players but there are also risks attached as well that you need to be aware of.
The main benefit is that they can create an ecosystem where all players share in the house profits. These are distributed via smart contracts and the amount is determined by the percentage of coins you hold. Players can also earn free coins by mining taking place while games are being played. These are the future of gaming but the technology is far from working perfectly at the present.
The risks are that these types of crypto coins are extremely volatile and most projects have ended up with players losing all of their coins accumulated. It is important to understand that no new blockchain project is a sure-fire thing so always only invest what you can avoid.
Is This The Year That VR Casinos Finally Take Off?
Over the last year and the start of this year, many people around the world have been forced to stay indoors. It has led to many looking for ways to entertain themselves which is why VR has seen record growth in 2020. There was also the successful launch of oculus quest 2 along with an update for PS5 VR. Many experts believe we are now only a couple of years away from seeing mainstream VR so will 2021 be the year of the virtual casino rise?
Final Thoughts.
The online gambling sector is one of the ones that have seen the biggest growth in recent years. Unlike sectors like tourism, restaurants that have fallen apart and are struggling to stay afloat, the online gambling sector is experiencing record growth. The improvements in technology and breakthroughs such as the blockchain are revolutionizing the industry but we are a couple of years from becoming a serious threat to the centralized casino model.
In 2021 expect to see more esports gambling along with more platforms launched that provide a chance for players to share in-house profits through new crypto coin blockchain casinos. VR is still a few years away from mainstream acceptance but will make big progress this year.
How To Gamble: Sports Betting & Online Casino.
Ever since online gambling sites were launched back in the вЂ90s, the gambling industry hasn’t stopped expanding and evolving. Nowadays, if you wish to gamble, you don’t even have to leave the comfort of your home.
There are so many online platforms where you can play a game of poker or bet on your favorite team. However, this wide range of casinos and sports betting sites can also be overwhelming and leave gambling newbies overwhelmed. If you wish to put your luck to the test but you are a gambling virgin, here are a couple of tips that will help you to better understand these sites and how they work.
Always look for legit sites.
Regardless of whether you wish to play blackjack, bingo, poker, craps, or bet on a basketball game, you should always make sure the site you are gambling on or placing a bet at is licensed.
Online casinos and sportsbooks answer to no one when they do not possess a legitimate license. That means they can take your funds, keep your deposit as well as winnings and you won’t be able to do a thing about it. Even worse, they may steal your credit card information and make your life a living hell.
Therefore, check out online reviews to see what others have to say about your chosen platform. For example, take a look at what Casino Bros offers. There, you will find a list of tested, licensed, legit casinos so you won’t have to worry about your safety when gambling online.
Start small.
You won’t become rich overnight, but you can easily lose your life savings in one sitting if you get carried away. Therefore, instead of making large bets, start small.
While you are still getting the hang of things and working on your strategies, don’t bet too much per contestant or invest too much in a game of poker. When you start betting, determine how much you have for a bankroll and set this amount aside. Don’t use it for anything else, just for sports betting.
Divide this amount by 100, and do not make larger bets than this amount. This is a good strategy if you are just diving into the gambling pool and trying to figure out what your best options are. Of course, you are going to make mistakes, but with such small bets, it won’t matter so much.
Focus on one sport.
Usually, newbie bettors start their gambling journey by betting on big games, such as the NCAA basketball tournament. This may sound logical, but betting on something you do not know a great deal about is a huge mistake.
Instead of betting on everything, focus on one thing. You cannot know everything there is about NFL, MLB, as well as NBA, so pick one sport and stick with it. Even better, focus on one smaller part of one sport.
Required information.
Keep in mind that at some point you’ll be asked to provide identification documents. This is a completely standard procedure and you have nothing to worry about, especially if you are using a legit platform. This way, sites are able to prevent fraud and money laundering.
Preferable deposit methods.
Although you will be able to make a deposit with your credit or debit card, it is better to use an e-wallet. This way you won’t have to leave your credit card number on a gambling site, and your mind will be at ease. It is interesting that a lot of casinos and sportsbooks have started to accept Bitcoin deposits in recent years.
Keep in mind that betting online is addictive, although no more than betting offline. Therefore, if you feel like your gambling habits are getting out of your hands, take a break from these activities and seek help before this problem gets any worse.
Casino Gambling Online Trends 2021.
Casino Gambling Online Trends 2021.
The online casino gambling industry experienced record growth last year and 2021 is expected to be even bigger.
Casino classics such as slots and the BetRivers promo code are still the most popular games and bonuses but other ways of gambling are taking form such as decentralized gaming. In this article, I will talk about what technology is driving the trends and what to expect in the near future.
How Decentralization Is Transforming Online Gambling.
One of the major growth areas over the last 5 years is decentralized gaming. It works by the decentralized blockchain running smart contracts that make possible a completely decentralized platform. Become it is decentralized means anyone around the world can access it anonymously along with can be ensured true results due to blockchain verification of each transaction.
New Casinos Powered By Crypto Tokens.
New blockchain-powered gambling platforms can create their unique characteristics of cryptocurrency. It can be done via using blockchains such as Ethereum and EOS. There are many advantages of this for the players but there are also risks attached as well that you need to be aware of.
The main benefit is that they can create an ecosystem where all players share in the house profits. These are distributed via smart contracts and the amount is determined by the percentage of coins you hold. Players can also earn free coins by mining taking place while games are being played. These are the future of gaming but the technology is far from working perfectly at the present.
The risks are that these types of crypto coins are extremely volatile and most projects have ended up with players losing all of their coins accumulated. It is important to understand that no new blockchain project is a sure-fire thing so always only invest what you can avoid.
Is This The Year That VR Casinos Finally Take Off?
Over the last year and the start of this year, many people around the world have been forced to stay indoors. It has led to many looking for ways to entertain themselves which is why VR has seen record growth in 2020. There was also the successful launch of oculus quest 2 along with an update for PS5 VR. Many experts believe we are now only a couple of years away from seeing mainstream VR so will 2021 be the year of the virtual casino rise?
Final Thoughts.
The online gambling sector is one of the ones that have seen the biggest growth in recent years. Unlike sectors like tourism, restaurants that have fallen apart and are struggling to stay afloat, the online gambling sector is experiencing record growth. The improvements in technology and breakthroughs such as the blockchain are revolutionizing the industry but we are a couple of years from becoming a serious threat to the centralized casino model.
In 2021 expect to see more esports gambling along with more platforms launched that provide a chance for players to share in-house profits through new crypto coin blockchain casinos. VR is still a few years away from mainstream acceptance but will make big progress this year.
How To Gamble: Sports Betting & Online Casino.
Ever since online gambling sites were launched back in the вЂ90s, the gambling industry hasn’t stopped expanding and evolving. Nowadays, if you wish to gamble, you don’t even have to leave the comfort of your home.
There are so many online platforms where you can play a game of poker or bet on your favorite team. However, this wide range of casinos and sports betting sites can also be overwhelming and leave gambling newbies overwhelmed. If you wish to put your luck to the test but you are a gambling virgin, here are a couple of tips that will help you to better understand these sites and how they work.
Always look for legit sites.
Regardless of whether you wish to play blackjack, bingo, poker, craps, or bet on a basketball game, you should always make sure the site you are gambling on or placing a bet at is licensed.
Online casinos and sportsbooks answer to no one when they do not possess a legitimate license. That means they can take your funds, keep your deposit as well as winnings and you won’t be able to do a thing about it. Even worse, they may steal your credit card information and make your life a living hell.
Therefore, check out online reviews to see what others have to say about your chosen platform. For example, take a look at what Casino Bros offers. There, you will find a list of tested, licensed, legit casinos so you won’t have to worry about your safety when gambling online.
Start small.
You won’t become rich overnight, but you can easily lose your life savings in one sitting if you get carried away. Therefore, instead of making large bets, start small.
While you are still getting the hang of things and working on your strategies, don’t bet too much per contestant or invest too much in a game of poker. When you start betting, determine how much you have for a bankroll and set this amount aside. Don’t use it for anything else, just for sports betting.
Divide this amount by 100, and do not make larger bets than this amount. This is a good strategy if you are just diving into the gambling pool and trying to figure out what your best options are. Of course, you are going to make mistakes, but with such small bets, it won’t matter so much.
Focus on one sport.
Usually, newbie bettors start their gambling journey by betting on big games, such as the NCAA basketball tournament. This may sound logical, but betting on something you do not know a great deal about is a huge mistake.
Instead of betting on everything, focus on one thing. You cannot know everything there is about NFL, MLB, as well as NBA, so pick one sport and stick with it. Even better, focus on one smaller part of one sport.
Required information.
Keep in mind that at some point you’ll be asked to provide identification documents. This is a completely standard procedure and you have nothing to worry about, especially if you are using a legit platform. This way, sites are able to prevent fraud and money laundering.
Preferable deposit methods.
Although you will be able to make a deposit with your credit or debit card, it is better to use an e-wallet. This way you won’t have to leave your credit card number on a gambling site, and your mind will be at ease. It is interesting that a lot of casinos and sportsbooks have started to accept Bitcoin deposits in recent years.
Keep in mind that betting online is addictive, although no more than betting offline. Therefore, if you feel like your gambling habits are getting out of your hands, take a break from these activities and seek help before this problem gets any worse.
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