Ferri commented: "As always, the IMGL conference was very successful for BMM. We truly enjoy meeting with our European clients and letting them know what the most recent developments in our industry are, specifically sports betting in the US. BMM is one of only two laboratories that can test sports betting platforms in the US and our staff are the most reputable and knowledgeable professionals on sport betting."
Ferri participated in the panel 'Sports Betting in the USA: Now that the Gloves are Off...Who Wins?', along with Marc Ellinger (a Partner at Ellinger and Associates); Jeremy Kleiman (Lawyer at Saiber); Heidi McNeil Staudenmaier (Senior Partner at Snell & Wilmer), and Keith Miller (Professor of Law at Drake University). They discussed the impact on individual states now open for sports betting and who the winners and losers will be in the short and long term.
Ellinger, a Partner in Ellinger and Associates, in Jefferson City, Missouri moderated the panel and commented: "Every state is different and the tribes are all different, so it is likely to see a variety of sports betting regimes and regulatory schemes all across the United States. One thing is for sure, sports betting is going to expand across the nation."
Kleiman, a Gaming Lawyer at the New Jersey law firm Saiber, stated: "Sports betting in the U.S. will continue to be linked to land-based casino licenses in most jurisdictions. There are opportunities for European operators not yet in the market, but they will need to enter into commercial partnerships with casinos. Moreover, a gambling license from a major U.S. jurisdiction is a credential that will help non-U.S. operators to reach commercial agreements."
McNeil Staudenmaier, a Senior Partner based in the Phoenix, Arizona office of the law firm of Snell & Wilmer, added: "Literally every Native American Tribe in the United States is considering whether to undertake sports betting at their tribal casino operations. At present, there are nearly 500 tribal casinos in the United States which generated approximately US$32.4 billion in gaming revenue in 2017. If a State is seeking to conduct sports betting off reservation, the State will need to review the Tribal-State Compact for any "exclusivity" issues."
Professor Miller concluded: "The Supreme Court decision may have opened opportunities for states to offer sports betting, but states should not view sports betting as a means of generating large tax revenues. Sports books are not especially profitable and the states may be disappointed if expectations for taxes are too high."
Source: GMB
