{"id":117378,"date":"2019-10-15T23:08:24","date_gmt":"2019-10-16T06:08:24","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=117378"},"modified":"2019-10-16T10:22:14","modified_gmt":"2019-10-16T17:22:14","slug":"spectacle-entertainment-signs-mobile-sports-betting-deal-with-betindiana","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/spectacle-entertainment-signs-mobile-sports-betting-deal-with-betindiana\/","title":{"rendered":"Spectacle Entertainment Signs Mobile Sports Betting Deal with BetIndiana; Gary, Indiana Council OKs New Local Pact"},"content":{"rendered":"

Spectacle Entertainment, which owns the Majestic Star Casinos in Gary, Ind., has found a mobile sportsbook partner. Earlier this week, USA Sports Gaming LLC announced an agreement to launch a new application, BetIndiana.<\/p>\n

\"\"
Spectacle Entertainment, which owns the Majestic Star Casinos in Gary, Ind., has reached an agreement with USA Sports Gaming LLC, which will run an online sportbook for the casinos. That application will be branded BetIndiana. (Image: Chicago Tribune)<\/figcaption><\/figure>\n

Frank Ignatius, the founder and president of USA Sports Gaming told Casino.org<\/em> the company would submit its vendor application to the Indiana Gaming Commission (IGC) as early as Tuesday. BetIndiana should be able to launch once the commission signs off on the license, which he expects to happen within four to six weeks.<\/p>\n

\u201cWe\u2019re ready on our side,\u201d Ignatius said.<\/p>\n

Plans are underway to move the two riverboat casinos on Lake Michigan to an inland location in the northwest Indiana city. The IGC has given permission for the move, plans for which also call for the casinos to be rebranded under the Hard Rock name.<\/p>\n

As Casino.org<\/em> reported previously, Spectacle does not plan to offer a retail sportsbook<\/a> at the new Gary casino. Instead, it plans to offer a lounge with televisions where people can use their phones or another mobile device to bet on games.<\/p>\n

According to the BetIndiana press release, that concept will debut at the Majestic Star.<\/p>\n

Like BetIndiana, Spectacle Entertainment is an independent operator in the gaming industry, born in the Midwest and connected to our local markets,\u201d Ignatius said. \u201cWe see great synergy here and we’re confident we will provide bettors in Indiana with a book unlike any other in the state.”<\/p><\/blockquote>\n

John Keeler, Spectacle\u2019s vice president and general counsel, told Casino.org<\/em> that BetIndiana will be one of the skins, or online applications, for the Gary casino. Each casino will be able to have three skins.<\/p>\n

Online Expected to be Dominant<\/h2>\n

The announcement comes less than two weeks after Indiana officially opened the door to mobile sports betting<\/a>, with the rollouts of BetRivers, a Rush Street Gaming application, and DraftKings.<\/p>\n

While no figures are available yet, mobile sports betting has become popular in several of the seven states where it’s available. In New Jersey, mobile sports betting makes up about 80 percent of the market.<\/p>\n

In September, Iowa \u2013 in its first full month of sports betting \u2013 reported that mobile betting represented more than 56 percent of the market. That\u2019s even though only seven of the 18 licensed casinos were offering mobile applications, and that Iowa currently requires in-person registration at casinos before customers can use their online accounts.<\/p>\n

Ignatius expects Indiana to produce similar results.<\/p>\n

\u201cWe all know that mobile is going to be the dominant platform for betting on sports,\u201d he said.<\/p>\n

\n

And while some companies have a head start, he believes BetIndiana will be able to compete with the established brands, like DraftKings, FanDuel, or William Hill. The challenge will be in getting the name recognition in the market. However, he believes his company will have the technology to compete with them.<\/p>\n<\/div>\n

In addition, Ignatius told Casino.org that US Sports Gaming is planning to have its own traders on staff to set their own pricing. Initially, the company will rely, at least partially, on Sportradar to help until it can get its staff ready.<\/p>\n

Gary Casino Update<\/h2>\n

In other news for Spectacle, the Gary Common Council voted Tuesday night to approve an amended agreement between the casino owner and the city.<\/p>\n

After the state legislature approved Spectacle\u2019s request to move the casino inland, officials with the city asked to renegotiate the agreement with the company, Keeler said.<\/p>\n

Among the terms of the deal, Spectacle will provide the city 3 percent of the casino\u2019s adjusted gross receipts and 3 percent of the adjusted revenue from sports betting as well.<\/p>\n

The agreement also provides Gary with .5 percent of the adjusted receipts over a 10-year period from the Terre Haute casino if Spectacle wins the right to that license.<\/p>\n

The Majestic Star, which is based on two boats, held two licenses. The move inland allows them to consolidate operations under one license, and the state has set that aside for a possible casino in the west central town near the Illinois border.<\/p>\n

Voters in Vigo County will vote whether to allow a casino there in a referendum next month.<\/p>\n","protected":false},"excerpt":{"rendered":"

Spectacle Entertainment, which owns the Majestic Star Casinos in Gary, Ind., has found a mobile sportsbook partner. Earlier this week, USA Sports Gaming LLC announced an agreement to launch a new application, BetIndiana. Frank Ignatius, the founder and president of USA Sports Gaming told Casino.org the company would submit its vendor application to the Indiana […]<\/p>\n","protected":false},"author":45,"featured_media":117383,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,1074],"tags":[],"acf":[],"yoast_head":"\nSpectacle Entertainment Signs Mobile Sports Betting Deal with BetIndiana<\/title>\n<meta name=\"description\" content=\"The company that owns the Majestic Star in Gary, Ind., announced a multiyear agreement USA Sports Gaming to offer a local, independent online sportsbook.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spectacle Entertainment Signs Mobile Sports Betting Deal with BetIndiana\" \/>\n<meta property=\"og:description\" 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