NY casino planning to offer sports betting

NY casino planning to offer sports betting


HE’S SO FUNNY, I LOVE HIM. STUART: THE SPORTS-BETTING COMPANY IT’S CALLED BET 365 IT’S TEAMED UP WITH EMPIRE RESORT TO OFFER SPORTS BETTING AT RESORTS WORLD, THAT’S A CASINO AND JOINING US EMPIRE EXECUTIVE CHAIRMANY, WELCOME TO THE PROGRAM.>>GOOD MORNING, STUART. STUART: I WOULD BE ABLE TO COME TO THE CASINO AND WATCH A FOOTBALL GAME AND GAMBLE AS I WATCH?>>ABSOLUTELY, THAT’S THE HOPE CURRENTLY UNDER THE LAW THE FOUR CASINOS THAT WERE GIVEN COMMERCIAL CASINO LICENSE IN THE STATE OF NEW YORK ARE ALLOWED TO HAVE SPORTS BETTING ON PROPERTY. WE ARE JUST WAITING FOR RULES AND REGULATIONS TO BE PROMULGATED BY THE NEW YORK GAMING COMMISSION, WE HOPE THOSE WOULD BE SOON. WE ARE EXCITED ABOUT DOING THEM. STUART: I THINK YOU ARE REVOLUTIONIZING THE WAY WE GAMBLE ON SPORTS BECAUSE I COULD IMAGINE SITTING IN YOUR SPORTS BAR AND I’M SURE YOU HAVE A FEW AT YOUR CASINO WATCHING THE GAME AND MAKING BETS ON MY LAPTOP WHILE HAVING DRINK AND WATCHING THE GAME, THAT’S GOING TO HAPPEN, ISN’T IT?>>THAT’S WHAT WE WANT. WE HOPE THAT WILL DRIVE TRAFFIC TO CASINOS SO THEY CAN SEE THE REST OF WHAT THE GREAT PROPERTY WE BUILT. WE HAVE 5-STAR HOTEL. WE HAVE VIP GAMING FLOOR, WE ARE BUILDING NEW ENTERTAINMENT VILLAGE, THERE’S A WATER PARK COMING ON NEXT SPRING AS WELL, WE ARE REDOING THE GOLF COURSE. STUART: THIS HAS BEEN BUILT, IT HAS BEEN BUILT ON THE OLD CONCORD?>>THE RESORT CONCORD RESORT PROPERTY. STUART: WE USED TO CALL THE BELT.>>THAT’S WHAT IT WAS WHEN I WAS GROWING UP. STILL OKAY TO CALL IT THAT. STUART: THEY WENT TO DECLINE WITH THE ANALYSIS OF THE JET PLANE AND YOU’RE BRINGING THEM BACK?>>YES, WE CREATED ALMOST 2,000 JOBS UP THERE AND PLUS CONSTRUCTION SITE, 90 MILLION TO BUILD. WE ARE EXCITED ABOUT THE PROPERTY AND SO THAT — WE SEE SPORTS BETTING AS BEING A LOGICAL EXTENSION FOR US TO GROW OUR BUSINESS. STUART: DO YOU A CONNECTION TO THE BRITS BECAUSE THEY GAMBLE ON ANYTHING?>>OUR PARTNER IS BET 365. BET 365 IS THE PREMIER SPORTS BETTING COMPANY IN THE WORLD. THEY ACTUALLY PUBLISHED EARNINGS, THEIR PRIVATE COMPANY BUT THEY EARNED CLOSE TO 7 OR $800 MILLION AND THEY HAVE $2.3 BILLION OF CASH, NO DEBT AND PRIVATELY OWNED, THEY DON’T CARE ABOUT QUARTERLY EARNINGS AND THEY WANT TO OWN MARKETS THAT THEY ARE IN WHICH THEY DO AROUND THE WORLD AND WE PICKED THEM AS PARTNER BECAUSE WE WANT TO OWN THE NEW YORK STATE MARKET, WE VIEW THEM AS AMAZON.COM.

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