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Wednesday signature:According to a report from The Indianapolis Star newspaper, House Enrolled Act 1015 was signed into law by Holcomb on Wednesday afternoon after versions of the legislation had earlier made it through the Indiana House of Representatives as well as the similarly Republican-controlled Indiana State Senate.”7 billion in July to acquire operator Sky Betting and Gaming from previous owners CVC Capital Partners and Sky....
To further sweeten the pot, House Enrolled Act 1015 purportedly moreover contains language that would grant tax breaks to the future operator of the Terre Haute-area facility potentially worth tens of millions of dollars.Ashkenazi told Bloomberg that Fox is essentially ‘looking at betting as an additional pillar to its strategy’ and that the just-announced deal is set to give his firm access to ‘a media company with an aligned strategy.Further options:Bloomberg reported that this alliance also includes an option that gives Fox Corp via its Fox Sports subsidiary a ten-year option on a further 50% of the American business of The Stars Group....
Yesterday reportedly saw Indiana Governor, Eric Holcomb (pictured), put his signature to a wide-ranging piece of legislation that will allow local casino operator, Spectacle Entertainment, to relocate one of its two riverboat gambling facilities in the state onto dry land.Prolific portfolio:Previously known as Amaya Incorporated until a 2017 name-change, Stars is responsible for the iGaming brands at PokerStars and FullTilt and is moreover active in the American online sportsbetting market via its New Jersey-facing BetStarsNJ.However, the version of House Enrolled Act 1015 signed by the Republican governor will also compensate Spectacle by allowing it to potentially construct the state’s largest land-based casino featuring the firm’s full existing complement of some 2,764 licensed gaming positions....
Concurrent changes:Finally, the passage of House Enrolled Act 1015 has furthermore changed a stipulation that had previously permitted firms to simultaneously control only two of the state’s casinos or racinos.Such a situation would represent the first time Indiana has allowed one of its casinos to relocate to a different county although any proposed move would only be allowed after voters had voiced their approval via a local referendum.As if this wasn’t enough, the news service reported that the deal furthermore encompasses a provision that is to involve Stars gaining an up to 25-year exclusive option on some content from Fox Sports in exchange for the broadcaster agreeing to spend an undisclosed amount every year advertising with the iGaming operator....
Prolific portfolio:Previously known as Amaya Incorporated until a 2017 name-change, Stars is responsible for the iGaming brands at PokerStars and FullTilt and is moreover active in the American online sportsbetting market via its New Jersey-facing BetStarsNJ.Concurrent changes:Finally, the passage of House Enrolled Act 1015 has furthermore changed a stipulation that had previously permitted firms to simultaneously control only two of the state’s casinos or racinos.Further options:Bloomberg reported that this alliance also includes an option that gives Fox Corp via its Fox Sports subsidiary a ten-year option on a further 50% of the American business of The Stars Group....
