Gambling in the USA
Rev. Al Sharpton Urges Lawmakers To Halt The Legalization Of Mobile Sports Gambling In Colorado
Civil Rights activist Rev. Al Sharpton says new legislation has the potential to cause job loss and enforce racial stereotypes in the state
Civil rights activist Reverend Al Sharpton urged Governor Jared Polis, Speaker of the House Kathleen Becker, and members of the Colorado Gaming Commission to pause legislation that seeks to legalize mobile sports gaming. Rev. Sharpton emphasized that lawmakers should not move forward until the impact on casino workers and people of color is understood. He calls on these leaders to take this into consideration as they work through the various types of stimulus to handle the impact of coronavirus.
Service industry workers, many of whom are low-income and from communities of color, are among the most vulnerable in this global pandemic. They are more likely to suffer financially from unexpected scheduling changes or sick days than those in other professions. He argues that now, more than ever, we must be thinking about inequality.
The Colorado Limited Gaming Commission approved nine sports betting rules for permanent adoption in early February, and regulators remain on target to reach the state’s projected May 1 rollout. Rev. Sharpton says the problem does not lie in the rules changes, but in the subsequent attraction of “unsavory out-of-state hedge funds who profit off of job loss” due to this legislation.
Sharpton says that casinos need to consider the unintended consequences of opening their doors to these new opportunities.
The text of the letter is below.
Dear Governor Polis, Speaker of the House Becker, and members of The Colorado Gaming Commission,
As you are considering various types of stimulus to deal with the impact of the coronavirus, I sincerely hope you will consider the following. I write to you to express serious concern for the hasty move to legalize mobile sports gambling in Colorado. Even a cursory look at the parties pushing the legislation gives me pause about the wisdom of the legislation and it should give you pause too.
Online gaming in Colorado will inevitably attract unsavory characters who profit off of job loss. That’s almost a given. But in looking at who specifically benefits from the legislation, it’s difficult to understand why the state would want to reward bad behavior. Out-of-state hedge funds with long records of mass firings and shady dealings have come into the state to capitalize on mobile sports betting and based on their track record—middle class workers and minorities will be the first to be negatively impacted. My job is to spot those problems before they occur and to speak up about them before it’s too late.
You don’t need to look any further than Rhode Island-based Twin Rivers to start understanding the harm and the forces at play. Twin Rivers, which is owned and run by Soohyung Kim, a New York based hedge fund manager, purchased three Colorado casinos earlier this year. Twin Rivers has a long history of failing to support its employees and Kim and his fund, Standard General, has a long track record of investing in deals that have caused mass layoffs for workers — especially workers of color. Whether it’s the 6,000 people who lost their jobs at Radioshack or the 2,400 people who were fired at American Apparel by Kim’s mismanagement and disregard for working class people, Standard General does not seem like the type of company Colorado should automatically entrust with mobile sports gambling.
Twin River has time and time again operated with only the bottom line in mind. In 2017, Twin River announced it would slash healthcare benefits for workers, which tripled out-of-pocket costs for certain employees, just weeks after Massachusetts cleared the way in 2017 for the company to open a new casino in Tiverton. That same year, they threatened to layoff staff and replace them with private contractors, and to cut the remainders’ healthcare benefits.
As this track record shows, if Mr. Kim, who already over-extended Twin River in his pursuit of potential mobile betting licenses, fails to make a profit, you can be sure that it will be the workers of the Colorado casinos that suffer. Colorado needs to pay full attention to who is profiting off of this new law to legalize online betting —otherwise, jobs WILL be lost. This is a real issue affecting real people.
Please take a deeper look at who is supporting the legislation to legalize online sports betting before you enact it into law. It’s the least that Colorado’s workers can ask of you.
Sincerely,
Reverend Al Sharpton
SOURCE Reverend Al Sharpton
Gambling in the USA
BMM INNOVATION GROUP SHOWCASES ITS SUPPORT FOR TRIBAL SOVEREIGNTY AT INDIAN GAMING CONFERENCE & EXPO MARCH 31 – APRIL 3 AT SAN DIEGO CONVENTION CENTER
Company to sponsor, attend, and speak at the San Diego, California show.
BMM Innovation Group (“BMM,” “BIG Group,” or “BIG”), a technology conglomerate focused on product compliance testing, cybersecurity solutions, and virtual training for the global gaming industry, today announced its sponsorship and participation in the Indian Gaming Association’s (“IGA”) annual IGA Conference & Expo, March 31-April 3 at the San Diego Convention Center.
With over three decades of experience supporting Tribal gaming, BIG will be on-site as sponsors, speakers, and attendees to reinforce the Company’s steadfast commitment to Tribal sovereignty and self-regulation.
Proud Partners in Tribal Progress
The BIG Group’s Chairman, President, and Chief Executive Officer Martin Storm said, “BMM proudly partners with Tribal governments, Tribal casinos, and Tribal gaming equipment and technology suppliers to advance Tribal sovereignty, self-determination, and economic development. We are honored to continue supporting the growth and integrity of Tribal gaming through our trusted product compliance services, world-class training and virtual education, and our cybersecurity solutions to protect Tribal enterprises.”
BMM’s long-standing relationships with Tribal gaming suppliers and regulators are at the heart of its mission. As active members of IGA and other key Tribal organizations, BIG is committed to elevating Tribal voices and ensuring Tribal interests remain at the forefront of industry growth.
BIG Group Shares Thought Leadership on Conference Panels and Trainings
- In addition to sponsoring and attending, the BIG Group’s expert thought leaders will speak and provide in-person training at the conference:
- Tuesday, April 1 at 9 am: Innovation vs. Regulation: Keep Pace with Emerging Gaming Technologies – Sean Mason, Senior Director of Tribal Services
- Tuesday, April 1 at 4 pm: Gaming and Cyber Risk Best Practices – Mitigate Risk and Sleep Better at Night – Heather Lee, Senior Director of Sales for BIG Cyber
- Wednesday, April 2 at 9 am: Level III Commissioner Certification Training – Peter Nikiper, Director of Technical Compliance
Unmatched Expertise in Product Compliance and Certification
As a trusted testing laboratory for Tribal gaming jurisdictions across North America, BMM’s focus is fairness, integrity, and security in every gaming environment. IGA attendees are invited to connect with BMM experts to learn more about the Company’s comprehensive product compliance programs.
Education & Training for Long-Term Success
BIG continues to empower Tribal gaming employees through exclusive education and training programs, including free access to RG24seven Virtual Training. These knowledge-sharing initiatives are designed to support responsible gaming, regulatory compliance, and the long-term sustainability of Tribal gaming operations.
Cybersecurity Solutions Tailored for Tribal Gaming
The BIG Group is focused on bolstering cybersecurity defenses for Tribal enterprises through its BIG Cyber services, which includes penetration testing, vulnerability assessments, PCI:DSS evaluations, and a host of managed security services featuring CYREBRO’s Security Operations Center, KnowBe4’s security awareness training, and Maxxsure’s risk management platform.
Gambling in the USA
Bruce Smith Enterprise and The Cordish Companies Break Ground on New Live! Casino & Hotel in Petersburg, Virginia
Bruce Smith Enterprise and The Cordish Companies celebrated the groundbreaking of the new LIVE! CASINO & HOTEL VIRGINIA in Petersburg. The milestone officially commences construction on a transformative project that will generate billions of dollars in economic benefits and spinoff development, create thousands of new jobs, and set a new standard for gaming, hotels, and entertainment in the Commonwealth. Live! Casino & Hotel Virginia is part of a larger $1.4 billion master plan by the partnership, scheduled to be developed in phases, that will bring a world-class mixed-use resort destination to Petersburg.
Executives from Bruce Smith Enterprise, The Cordish Companies, and Cordish Gaming were joined by Petersburg City Mayor Sam Parham and members of Petersburg City Council, Virginia State Senator Lashrecse Aird, Virginia State Delegate Kim Taylor, and many other business and community leaders at the project site in Petersburg. The development site, ideally located on Brasfield Parkway at the intersection of Wagner Road and Interstate I-95 just 20 miles south of Richmond, will provide easy access on and off the East Coast’s major north-south interstate.
“It has been a source of immense satisfaction and pride to partner in this incredible development. For far too long people have simply driven by the City of Petersburg, but today marks the beginning of a new era in which Petersburg will become a prime destination. This pivotal project will ignite tourism, create jobs, and ultimately deliver on the promise of greater opportunity and upward mobility for local families. As a champion of Petersburg and its residents, I am happily confident that this historic development will uplift, empower, and enrich this community for years to come,” said Bruce Smith, founder of Bruce Smith Enterprise.
Live! Casino & Hotel Virginia is slated to open in 2027. A temporary gaming facility will open by the end of 2025 to immediately begin creating an estimated 500 new jobs, vendor opportunities and economic benefits for the City. In its first 10 years, the project is expected to generate $2.8 billion in economic stimulus to the region; $504 million in tax revenues including $240 million to the City of Petersburg; $802 million in economic benefits during construction; $201 million in annual economic benefits each year after opening; and 7500 new jobs including 6100 during construction and 1400 new permanent jobs.
“Today marks a monumental day for The Cordish Companies as we expand our Live! brand into the Central Virginia region with the development of Live! Casino & Hotel Virginia. Our company is a national leader in successfully developing and managing large-scale urban revitalization projects across the country. Live! Casino & Hotel will be a transformative development that will bring a world-class gaming and entertainment experience to millions of visitors, create significant new jobs, and generate millions of dollars in economic benefits for the community that will provide a beneficial impact for generations. We look forward to making an immediate impact on the region with the construction of a temporary gaming facility that will be operational before the end of 2025, so that we can begin creating jobs, vendor opportunities and economic benefits for the City,” said Zed Smith, Chief Operating Officer for The Cordish Companies.
PENN Entertainment announced that its stand-alone Hollywood Casino app has launched in New Jersey. The new Hollywood Casino platform is available on Android, iOS, and desktop and can also be accessed via the ESPN BET app. Customers can login to Hollywood Casino using their ESPN BET credentials, allowing for a seamless experience across PENN’s online betting and casino platforms.
Ranked by Eilers & Krejcik as the #2 overall iCasino product in the US, Hollywood Casino offers a variety of online slots, table games, and live dealer content, including original titles from PENN Game Studios, the company’s in-house casino game development studio. Hollywood Casino also includes bespoke live dealer tables and exclusive games such as the recently launched Devils Blackjack, an original title leveraging PENN’s partnership with the New Jersey Devils.
“We’re thrilled to introduce our dedicated, casino-first experience to customers across New Jersey. Hollywood Casino delivers a best-in-class experience with an extensive game library, seamless gameplay, and exclusive content from our in-house studio. This launch builds on the strong momentum we’ve gained since introducing our enhanced standalone app in December,” said Aaron LaBerge, Chief Technology Officer of PENN Entertainment.
The stand-alone Hollywood Casino platform debuted in Pennsylvania last December and is also available in Michigan.
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