A new year is here and with it comes optimism that more states will approve iGaming, but one industry expert believes the cadence of such approvals will not resemble what was seen with online sports betting. An aerial shot of the New York State Capitol and Empire State Plaza in Albany. An expert said state-level approvals of iGaming won’t follow the pace set by sports betting. (Image: NY.Gov) In a recent conversation with Deutsche Bank analyst Carlo Santarelli, Richard Scheutz, who has more than four decades of gaming industry experience, said state-level green lights for internet casinos will not arrive at the pace seen with sports betting. Scheutz, the chief executive officer of American Bettors’ Voice (ABV), mentioned potential cannibalization of brick-and-mortar (B&M) casinos as one reason states aren’t rushing to approve iGaming. B&M opposition to iCasino, which was always present, has increased, in the aftermath of both Pennsylvania and Michigan legalizing the product, and thereby giving operators more data… Read More
Category: iGaming, Politics, Sports Betting
Source: Casino.org
