{"id":3554,"date":"2024-10-09T01:50:29","date_gmt":"2024-10-09T01:50:29","guid":{"rendered":"http:\/\/restaurace-pohoda.eu\/?p=3554"},"modified":"2024-10-17T13:37:28","modified_gmt":"2024-10-17T13:37:28","slug":"hard-rock-could-work-with-draftkings-fanduel-in-florida","status":"publish","type":"post","link":"http:\/\/restaurace-pohoda.eu\/index.php\/2024\/10\/09\/hard-rock-could-work-with-draftkings-fanduel-in-florida\/","title":{"rendered":"Hard Rock Could Work with DraftKings, FanDuel in Florida"},"content":{"rendered":"

Hard Rock International currently holds a monopoly on regulated sports betting in Florida, but Chairman Jim Allen said the tribal gaming giant could consider working with industry leaders DraftKings (NASDAQ: DKNG) and FanDuel in the state.<\/p>\n

\"Florida
A screenshot of the Hard Rock Sportsbook. Florida\u2019s lone regulated sportsbook operator signaled a willingness to potentially work with DraftKings and FanDuel in the future. (Image: Hard Rock Sportsbook)<\/figcaption><\/figure>\n

In an interview with CNBC\u2019s<\/em> Contessa Brewer from the Global Gaming Expo (G2E) in Las Vegas, Allen, who\u2019s also the chief executive officer of Seminole Gaming, said he\u2019s open to working with DraftKings and Flutter Entertainment\u2019s (NYSE: FLUT)<\/a> FanDuel in Florida at some point, noting he\u2019s met with executives from both companies in recent days.<\/p>\n

\n

We do recognize that long term, some type of strategic relationship with some of the brands that really have marquee value could be helpful to both of us, and we are receptive to those conversations,\u201d said Allen in the CNBC<\/em> interview.<\/p>\n<\/blockquote>\n

Following a lengthy legal battle, Hard Rock, the gaming arm of the Seminole Tribe, was granted a monopoly on regulated sports wagering in the third-largest state. The tribe\u2019s sports betting compact was supported by Gov. Ron DeSantis (R)<\/a>, who asked Florida\u2019s Supreme Court to reject challenges to the accord.<\/p>\n

Florida Sports Betting Allure Undeniable<\/h2>\n

DraftKings and FanDuel were among the companies that had hoped to enter Florida before the United States Supreme Court declined to hear an appeal<\/a> of the Florida high court\u2019s ruling.<\/p>\n

\n

Those operators and others might not be giving up on the Sunshine State. For example, during Flutter\u2019s recent investor day, FanDuel CEO Amy Howe mentioned the company continues monitoring sports betting developments in California, Texas, and Florida.<\/p>\n<\/div>\n

Commercial operators\u2019 desire to access Florida\u2019s sports betting market makes sense because the state isn\u2019t just the third-largest in the country, it\u2019s one of the fastest-growing as well.<\/p>\n

As CNBC<\/em> pointed out, Florida\u2019s population exceeds that of New York, which is the top state for sports betting handle and revenue. Allen told the financial news network Hard Rock isn\u2019t publishing sports wagering revenue figures because the Seminole Tribe is a sovereign nation.<\/p>\n

DraftKings, FanDuel on Good Terms with Hard Rock<\/h2>\n

While Allen didn\u2019t go into detail regarding how DraftKings, FanDuel, or any other commercial operator could enter Florida\u2019s sports wagering market, he noted Hard Rock\u2019s relationship with those two companies is solid.<\/p>\n

\u201cI would say whether it\u2019s FanDuel or whether it\u2019s DraftKings, we\u2019ve actually developed a great relationship with them,\u201d he told CNBC<\/em><\/strong>.<\/p>\n

That\u2019s crucial, particularly following the missteps committed by commercial gaming companies in California in 2022. Sportsbook operators ran afoul of California tribal gaming entities, sponsoring a sports betting ballot initiative that some of the state\u2019s large tribes devoted significant capital to defeating. The tribes were successful in that effort and there\u2019s belief that commercial operators have work to do to repair frayed ties<\/a> with California tribes.<\/p>\n

The post Hard Rock Could Work with DraftKings, FanDuel in Florida<\/a> appeared first on Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hard Rock International currently holds a monopoly on regulated sports betting in Florida, but Chairman Jim Allen said the tribal gaming giant could consider working with industry leaders DraftKings (NASDAQ: DKNG) and FanDuel in the state. A screenshot of the Hard Rock Sportsbook. Florida\u2019s lone regulated sportsbook operator signaled a willingness to potentially work with…<\/p>\n","protected":false},"author":1,"featured_media":3556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[16],"tags":[],"_links":{"self":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts\/3554"}],"collection":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/comments?post=3554"}],"version-history":[{"count":2,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts\/3554\/revisions"}],"predecessor-version":[{"id":3557,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/posts\/3554\/revisions\/3557"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/media\/3556"}],"wp:attachment":[{"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/media?parent=3554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/categories?post=3554"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/restaurace-pohoda.eu\/index.php\/wp-json\/wp\/v2\/tags?post=3554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}