Day: November 12, 2024
Newly Inaugurated Seneca President Wants to End Revenue Sharing With New York State
JC Seneca, the aptly named president of the Seneca Nation who was sworn in to lead the powerful and influential tribe based in upstate New York on Tuesday, is being rather blunt about what he hopes to achieve in negotiating a new Class III gaming compact with the state. JC Seneca addresses the Seneca Nation…
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Endeavor CEO Ari Emanuel Buys Sports Betting Units at Big Discount
Endeavor Group Holdings, Inc. (NYSE: EDR) announced that it’s selling its IMG Arena and OpenBet sports betting businesses to a group led by CEO Ari Emanuel. The sale price is $450 million. Endeavor CEO Ari Emanuel is leading a group that’s acquiring OpenBet and IMG Arena for $450 million. (Image: Getty) OB Global Holdings LLC…
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Louisiana Pol Proposes Massive Sports Betting Tax Hike
Sports betting industry observers likely didn’t have Louisiana considering a major tax increase on their 2024 bingo cards, but it’s possible following newly filed legislation. The Caesars Superdome in New Orleans. A Louisiana politician proposed a bill that would raise the state’s sports betting tax to 51%. (Image: Getty) On Monday, Rep. Roger Wilder III…
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