Compliance Updates
Flexential® Approved as Hybrid IT Provider by the Tennessee Education Lottery to Support Online Sports Gaming Launch
Flexential, a leading provider of data center colocation, cloud and connectivity, today announced the company received approval from the Tennessee Education Lottery Corporation (TEL) as a vendor to provide data center services to online sports gaming operators and deliver critical IT infrastructure required for the intended Nov. 1, 2020 go-live date for sports betting in Tennessee. Flexential received the first approval granted to a colocation operator by TEL. In addition, Flexential won approval in April 2020 to host technology supporting sports gaming operations in its Colorado data centers.
“The online sports gaming operators need secure, highly available facilities for their applications to ensure safe transactions, maximum uptime and internet availability for end customers,” said Tom Myers, regional vice president of Flexential. “Flexential is the obvious choice because of our background, flexibility and reputation to support this launch by empowering the hybrid IT infrastructure of these online gaming companies. Sports gaming will generate billions of dollars in revenue. This ultimately supports the state of Tennessee’s educational programs and provides winnings to residents throughout the state who enjoy sports gaming.”
Tennessee passed legislation earlier this year allowing online sports gaming for the first time in the state’s history, mandating all transactions must take place within the confines of the state. Flexential’s three secure, compliant and highly connected data centers located in the Nashville area meet all the requirements for working with the new gaming operations. Flexential will provide secure colocation and connectivity services, for online sports gaming companies to enable end customers to wager on sporting events via the internet, mobile device or other telecommunications platforms.
Tennessee has historically been a “non-gaming” state — one of only a dozen states where there are no tribal or commercial casinos. In 2019, Tennessee joined a growing number of states to legalize sports betting. In May 2019, the state legislature passed the legislation, and Governor Bill Lee let the bill pass into law. A final set of sports betting regulations were adopted on April 15, 2020 by the TEL, which will maintain regulatory oversight over legal state sports betting. As of September 2020, the TEL conditionally approved three operators and approved more than 20 additional vendors/suppliers.
Flexential has also received approval as a Hosting Provider by the Nevada Gaming Commission to support gaming operations from Flexential’s Las Vegas – North data center. For more information on Flexential’s Nashville data center fleet visit https://www.flexential.com/data-centers/tn/nashville.
SOURCE Flexential
Compliance Updates
Arizona Department of Gaming Announces Allocation for Event Wagering License for Fanatics
The Arizona Department of Gaming (ADG) announced that it has allocated an event wagering operator license to Fanatics Betting and Gaming as the designee for Tonto Apache Sports Betting, an organization of the Tonto Apache Tribe, pursuant to A.R.S. § 5-1304 and A.A.C. R19-4-105 and 106.
On January 16, 2024, ADG announced that it would begin accepting applications for available event wagering licenses, which included one event wagering license reserved for Arizona Tribes and no less than one event wagering license reserved for Arizona Sports Franchises, as defined in A.R.S. § 5-1301(7).
The application window for event wagering licenses opened on February 16, 2024, and closed on March 4, 2024. Applicants were required to submit their completed applications within this timeframe in order to have been considered for an event wagering license.
Compliance Updates
Minnesota Senate Committee Advances Sports Betting Bill
The Senate Tax Committee advanced legislation authored by Senator Matt Klein (DFL – Mendota Heights) to legalize Sports Betting in Minnesota. This was the second time the bill has been heard in Taxes, after making a stop last year. The hearing focused on changes to tax rates and revenue disbursements.
Senator Aric Putnam (DFL – St. Cloud) offered an amendment that made several major tax and revenue related changes, which were adopted by voice vote. The tax rate was changed to 20% on net revenues from sports betting. Revenues as a result of that change would then be dispersed to:
(1) 20% for tax relief for charitable gaming organizations,
(2) 10% for treatment and awareness programs for problem wagering,
(3) 15% for Explore Minnesota Tourism for large sporting events,
(4) 5% to the Minnesota Racing Commission for racetracks,
(5) 5% for the Minnesota State High School League for youth sports and activities,
(6) and the remainder to the general fund.
Senator Klein said: “The changes made in Senate Taxes Committee today have made this a better bill for Minnesotans. I am thankful for the committee’s thoughtful consideration of this legislation and willingness to work toward the best balance of needs and interests.
“As a result of this work, we are now able to support our allied charities who engage in gaming so they can continue the good work they do for our state. We are also able invest in the state high school league’s ability to foster participation in a wider array of activities, attract more large sporting events to Minnesota, and continue to focus efforts on problem wagering awareness.”
SF1949 passed the Senate Taxes Committee as amended and was referred to the Senate Finance Committee.
Arizona
Arizona Department of Gaming Announces Allocation for Event Wagering License
The Arizona Department of Gaming (ADG) announced today that it has allocated an event wagering operator license to Fanatics Betting and Gaming as the designee for Tonto Apache Sports Betting, an organization of the Tonto Apache Tribe, pursuant to A.R.S. § 5-1304 and A.A.C. R19-4-105 and 106.
On January 16, 2024, ADG announced that it would begin accepting applications for available event wagering licenses, which included one event wagering license reserved for Arizona Tribes and no less than one event wagering license reserved for Arizona Sports Franchises, as defined in A.R.S. § 5-1301(7).
The application window for event wagering licenses opened on February 16, 2024, and closed on March 4, 2024. Applicants were required to submit their completed applications within this timeframe in order to have been considered for an event wagering license.
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