He added that the FanDuel group was not the one that suggested a top rate of more than 60 percent.<\/p>\n
New York represents the largest population of MGM\u2019s loyalty rewards program members (called M-Life) in states with legal mobile sports betting, Hornbuckle said. That will help control some of the costs in what is one of the nation\u2019s most expensive media markets.<\/p>\n
\nWe’ll be there day one, which is also critical,\u201d he said. \u201cSo, I think we’ll get off to a great start. Time will tell with sports how much money is to be made. Again, for us, it’s an omni-channel play, it’s a brand play, and we’re going to have a huge presence there. Hopefully someday we get to online, iCasino. But you know, that’s something for well down the road.\u201d<\/strong><\/p>\n<\/blockquote>\nJay Snowden, president and CEO of Penn National Gaming, told analysts Thursday that he was less certain. He felt the high tax rate and license fee made the company question whether sports betting in New York would be a profitable venture.<\/p>\n
The Post report indicated Penn’s Barstool and its bid mate, Fanatics, did not receive the paperwork the two larger groups received.<\/p>\n
Snowden’s comments seemed to confirm that report. He told analysts he had mixed feeling about how New York set up mobile sports betting.<\/p>\n
“The state’s going to make money,” he said. “I don’t think a single operator will make money in New York. So, I’ve always struggled with… Would you rather be in or not? I think objectively speaking, you’d probably rather be in than not be in.\u00a0But it’s one of those states where if you’re not in, you’re not crushed by that either, maybe from a (total addressable market) perspective and from a revenue perspective.”<\/p>\n","protected":false},"excerpt":{"rendered":"
The New York State Gaming Commission will meet Monday afternoon to consider awarding mobile sports licenses. That\u2019s according to an agenda released by the state agency Thursday afternoon. The agenda packet does not provide a list of recommended operators or platform providers. But a report published earlier this week by The New York Post indicated […]<\/p>\n","protected":false},"author":45,"featured_media":191231,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[61,1074],"tags":[],"acf":[],"yoast_head":"\n
NY Gaming Commission Meets Monday, Sports Betting Bids on Agenda<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n