Caesars Partners With LSU in First Ever Gambling Deal in SEC History

Caesars Entertainment Logo

Caesars Entertainment, through its sports betting arm Caesars Sportsbook, signed a multi-year sponsorship agreement with the Louisiana State University (LSU) last Friday, inking a deal which is a first for a Southeastern Conference school to enter into such a pact.

Said LSU Athletic Director Scott Woodward in a news release:

“LSU has always taken pride in providing fans with unique, innovative, and world-class experiences, and our new partnership with Caesars Entertainment will do just that. We share a clear vision of how athletics and entertainment can come together to enhance the fan experience and we are excited to join with Caesars to make that vision a reality.”

LSU did not disclose the specifics of the deal but according to industry sources, it is a “seven-figure deal.

Official Gaming and Sportsbook Partner of LSU Athletics

As the official gaming and sportsbook partner of LSU Athletics, Caesars Sportsbook will get naming rights for the new Caesars Sportsbook Skyline Club at Tiger Stadium. Caesars will also get signages throughout Death Valley starting last Saturday’s home game against Central Michigan.

The gambling company will also get additional signages throughout the sports venue as well as a signage at the Pete Maravich Assembly Center where the school hosts its basketball games and the Alex Box Stadium where Tigers’ baseball plays its games.

The deal also calls for the Caesars Sportsbook logo appearing in the Tigers’ mobile sports App. Caesars is also committed to establishing an annual scholarship fund to support deserving LSU students from Louisiana.

Committed to Louisiana

Caesars Entertainment has been busy expanding its business in the Louisiana area. There are current plans for a massive $325M renovation that will transform Harrah’s New Orleans to Caesars New Orleans. This upgrade includes a new 340-room hotel tower above the existing casino valet porte cochere and additional development on the presently unoccupied second flor of the casino.

Similarly, the company is gearing up for a large-scale expansion that will turn Capri Casino in Lake Charles, Louisiana to the Horseshoe Lake Charles. The gambling company also recently bought the naming right to the Superdome which is the home field of the NFL’s New Orleans Saints after the venue’s deal with German automaker Mercedes Benz expired during the summer.

Most recently, Caesars also signed a deal with the publication NOLA.com to to become its exclusive sports betting partner and official odds provider. The agreement will provide betting content from Caesars as well as a weekly prop bet for NOLA.com readers, and special promotions with odds boosts.

Maryland Gaming Commission Opens Sports Betting License Applications

Baltimore Maryland

The Maryland Lottery and Gaming Control Commission opened the applications for legal sports betting licenses in the 17 locations named in the state’s sports betting law. According to the Maryland Lottery, the online portal has been open since Tuesday.

Applications for the 30 Class B licenses for retail locations and the 60 mobile sports betting licenses are not yet accepted until the regulations governing them will be finalized. The MLGCC will be holding a public hearing on the resolutions on September 22 and will be accepting online public comments until September 26th.

17 Class A Licenses

As per the state’s spots betting legislation, 17 Class A licenses will be issued to 17 entries in the area. Six of those are the six casino properties in Maryland while five will be given to five off-track betting facilities. The state’s three professional sports locations will be allowed one each while two will be awarded to bingo halls and the last one to be shared by the Pilmico Race Course in Baltimore and the Laurel Park Race Track in Laurel. Future NBA, NHL, and MLS teams that will lease a stadium in Maryland will also be allowed to apply for a Class A sports betting license.

In a press release, the MLGCC said that it anticipates that some if not most of the 17 entities with a Class A license will be able to go live with their sports betting activities late this fall or by early winter and that things will be in place by the time the NFL begins its postseason.

Updated Maryland Sports Betting Partnerships

The Baltimore Ravens, which play at the M&T Stadium have announced partnerships with BetMGM, DraftKings, and Caesars. A retail Caesars sportsbook is being planned at their sports venue. The Washington Football Team has partnered with FanDuel while FanDuel will open a retail sportsbook at the Live! Casino and Hotel. PointsBet has partnered with the Riverboat on the Potomac while Penn National Gaming recently bought Hollywood Casino.

Other sportsbook operators in Maryland include Caesars Entertainment which owns Horshoe Casino, MGM which owns MGM National Harbor, Churchill Downs which is the proprietor of Ocean Downs, and Golden Entertainment which is the owner of Rocky Gap Casino.

Genius Sports Secures Another Sports Betting Deal With WynnBet

Sportsbook
Genius Sports continues to expand its sports betting ties.

Just shortly after entering into a strategic partnership with Caesars Entertainment, Genius announced that it added another deal with sports betting app WynnBet.

Said Genius Sports CEO Mark Locke in an official statement:

“In an increasingly competitive U.S. sports betting landscape, sportsbooks need to be able to deliver immersive experiences that engage their customers at every step. Our partnership with WynnBET will provide them with an unmatched suite of official data, streaming and marketing solutions, backed by some of the largest leagues in sports, including the NFL.”

Not a New Partnership

Under pact, WynnBet will receive access to the NFL’s official sportsbook data feed, along with a variety of fan engagement solutions. The partnership isn’t a new one but merely expands the existing data supplier relationship that exists between the two companies.

Genius currently provides WynnBet with trading solutions and official data-driven content from the company’s exclusive partnerships with the English Premier League, Mexico’s Liga MX, and other professional soccer leagues in Argentina and Colombia.

Last month WynnBet was selected as one of the NFL’s approved second-tier sportsbook partners, together with BetMGM, PointsBet, and FOXBet. The four join the the tri-exclusive sportsbook partners DraftKings, FanDuel, and Caesars Sportsbook as the official sportsbooks of the league beginning the 2021 season.

Access to Next Gen Stats (NGS)

As part of the deal, Wynn also gets access to the NFL’s official play-by-play statistics and the league’s proprietary Next Gen Stats (NGS). The NGS is a platform that tracks player movement such as top-end speed during touchdown runs, kickoffs, interceptions, and other metrics.

Access to the NGS would be a preparation of sorts for WynnBet for a new variety of microbets. Although these types of wagers have not yet received regulatory approval, the Colorado Division of Gaming already set a precedence by allowing exit velocity vets during the July’s MLB Home Run Derby.

Genius also represents the NFL’s legal sports betting advertising inventory across its digital platforms. Genius Sports will run data-driven campaigns for WynnBet which the parties expect will help increase engagement among bettors and help reduce additional customer costs.

NFL Expects to Earn $270M From Gambling and Sports Betting Deals in 2021

NFL Players on Line of Scrimmage
After being opposed to sports betting for a long time, the NFL has changed tone in recent years and has embraced legal sports wagering as an income-generating business for the league. And according to one of its officials, it’s going to be massive source of revenue for the NFL.

According to an article from The Washington Post, the NFL is expecting to generate $270M from gambling and sports betting deals signed by the league and its 32 teams. The amount could go as high as $1 billion before the end of the decade.

The NFL estimated its 2020 season loss to roughly $4 billion due to the pandemic. But with fans expected to return to stadiums this season and a new TV rights contract worth a reported $100 billion, revenue was expected to bounce back this year. And with the sports betting deals entered into by the league and its teams, ,the NFL’s income figures for 2021 should get a boost.

NFL’s Sportsbook Partners and Commercials

Earlier this month, the NFL announced that it would allow six sportsbook commercials per game. The NFL also announced FanDuel, DraftKings, and Caesars its tri-exclusive sports betting partners last April and recently added a second batch of sportsbook alliances with FoxBet, BetMGM, PointsBet, and WynnBet.

The Arizona Cardinals also announced plans to build the first retail betting shop inside an NFL stadium at their State Farm Stadium. Last month, the New Orleans Saints entered into a partnership with Caesars Entertainment for the naming rights to its Superdome. Caesars meanwhile, also has a marketing deal with the Houston Texans even if gambling in general is not allowed in the state of Texas.

Sports Betting Industry Has Expanded Exponentially

Since the U.S. Supreme Court repealed the 1992 Professional and Amateur Sports Protection Act in 2018, the sports betting industry in the United States has grown exponentially and continues to grow right now. Currently, sports betting is legal in a dozen states plus Washington DC that are home to NFL franchise. Overall, 14 out of the league’s 32 teams are based in states where sports betting is legal.

The NFL’s 2021 season begins on September 9th and if the forecast by PlayUSA is correct, the league could generate a total betting handle of $20 billion for the regulated market, which is triple the $7 billion football handle forecast for the 2020 season. Should that $20B handle be realized this season, it would mean $1.5B in profits for the legal sports betting operators.

Rivers Casino to Open First Illinois Sportsbook in Time for March Madness

Sports Betting CartoonJust in time for March Madness, one of sports betting’s hottest times of the year, Illinois just received approval on Friday to open up the first sportsbook in the state.

The BetRivers sportsbook at Rivers Casino will be open and ready to take bets beginning at noon on Monday. Eddie Olcyzk, former Chicago Blackhawks star, was given the honors to place the very first bet.

The Illinois Gaming Board finally granted the 4,840-square-foot BetRivers Sportsbook approval to start taking bets on March 9.

The casino, who is owned by Kentucky-based gambling giant Churchill Downs and Chicago-based Rush Street Gaming, said it plans to launch its official BetRivers.com website and mobile app later this year.

6 Illinois Casinos Applied for Sports Betting Status

Rivers was just one of six Illinois casinos in the state who submitted applications for sports wagering licenses.

In December, the gaming board opened up the application process, with applicants hoping to gain approval in time for March Madness.

Hollywood Casinos, which has locations in Joliet, Aurora, and Argon Casino Alton, located near St. Louis, will be releasing information on the status of their sportsbook rollouts in the “coming days.”

Grand Victoria Casino in Elgin hasn’t responded to a request for comment yet. Par-A-Dice Hotel and Casino in East Peoria is further back in the application process than the rest of the casinos.

The Illinois Sports Wagering Act

The Illinois Sports Wagering Act grants the state’s 10 casinos, three horse tracks, and the seven largest sports venues in the state (they must offer 17,000-plus seating capacity) the allowance to operate a sports gaming license.

Within 18 months of the first on-site license launching, three additional, online-only, licenses will be issued. This delayed allowance on mobile sports betting is referred to as the “penalty box” provision in the press.

Sports Betting Licensee Fees

When applying for initial sports wagering licenses, fees must be collected. Take a look at the differing fees among Illinois’ casinos:

  • Alton Argosy: $1,948,186
  • Aurora Hollywood: $5,731,926
  • Des Plaines Rivers: $10,000,000
  • Elgin Grand Victoria: $7,801,967
  • Joliet Harrah’s: $8,581,742
  • Joliet Hollywood: $5,779,948
  • Metropolis Harrah’s: $3,420,849
  • Peoria Par-a-Dice: $3,641,064
  • Rock Island: $3,315,761
  • Louis Casino Queen: $4,975,750

As the chart shows, Des Plaines Rivers casino had to pay out the highest fee for licensing, while Alton Argosy had the lowest application fee.

March Madness Sports Betting Stats

March Madness is a prime betting season for sports bettors. According to the American Gaming Association (AGA), an estimated 47 million Americans planned to wager $8.5 million on the NCAA Tournament in 2019.

With sports wagering becoming more legalized throughout the country, that number is only expected to go up, and this year, Illinois will get a chance to add to the stats.

Take a look at the staggering March Madness statistics found by the AGA:

  • 47 million adults in the US will wager on the NCAA Tournament.
  • 40 million people will fill out a bracket and wager $4.6 billion doing so.
  • 18 million Americans will bet $3.9 billion at some form of sportsbook.
  • 4 million will bet with an illegal bookie.
  • 2 million will bet on an illegal offshore website.
  • 1 million will wager through a regulated retail or online sportsbook.

About BetRivers Sportsbook at Rivers Casino

From their official website:

BetRivers features a LED High Definition Wall and premium stadium seating sure to make you feel like you’re at the game. Monitors line the room and surround the 26-seat bar outfitted with tabletop video poker. 

BetRivers Sportsbook is currently accepting applications for Sportsbook writers and ambassadors.

Legal Sports Betting in Washington is Almost Here!

Washington may be the second state on the West Coast to officially legalize sports betting. Many politicians and sports fans want to see this form of gambling finally allowed here. Today, we’re going to talk about how this push to have legal sports betting in Washington came about.Sports Betting Picture

Many states around the country are now legalizing sports gambling. It’s proving to be an extremely lucrative industry. Lawmakers in Washington seem to recognize this fact.

Here’s what’s happening!

Washington’s Set of Gambling Laws, Explained

It might come as somewhat of a surprise to some, but Washington is home to a huge number of legal gambling options. This state is somewhat of a gambling hub for the Pacific Northwest. Most traditional forms of gambling are perfectly legal here.

This wasn’t always the case, though. For many years, Washington held a largely anti-gambling stance. In fact, some of the early leaders of this state set a blanket ban on gambling that lasted for decades.

In the 1980s, things began to change. Lawmakers here realized it was time to open a state lottery. About ten years later, the state approved plans to allow Native American tribes to operate casinos on sovereign land.

There are now a huge number of casinos in Washington that residents and tourists can access. Unfortunately, this state is against online casino gambling. A law was passed here in 2006 that seemed to criminalize playing casino games over the internet.

Some feel this law only makes it illegal to play casino games through sites based within the state. Others feel it’s a blanket ban on internet gambling.

Lawmakers are once again starting to embrace change. New reports indicate that legal sports betting in Washington may be just around the corner.

The Road to Legal Sports Betting in Washington is Almost Complete

The US Supreme Court decided to strike down PASPA in May of 2018. It was a monumental decision that immediately allowed every state in the country to set their own laws on sports betting. Today, more than 20 states have passed bills to legalize this industry.

It now looks like Washington is next. Two sports betting bills were presented here in February of 2019. This week, one of the bills to allow legal sports betting in Washington advanced to a final House vote.

This bill, called HB 2638, only allows for sports betting to take place inside tribal casinos. A House Appropriations Committee voted 25-7 to approve these new measures. The decision will now head to the House, and then the Senate for final approval.

Strom Peterson, a sponsor of this new bill, commented on the news to the media this week.

“I’m hoping to get this moving over to the Senate on a relatively fast timeline,” he said. “We’ll see if that happens, but with a very bi-partisan vote that we just had this evening, I think that helps.”

That’s certainly true. Both democrats and republicans are getting on board with the idea of legal sports betting. Most agree it will help to bring the state millions in additional revenue each year.

Will this state’s sports betting market be able to compete with Oregon’s?

Oregon’s Sports Betting Market is Set to Expand

Oregon was quick to jump on the sports betting train. Lawmakers here approved a bill to legalize this form of gambling in 2019 after months of careful consideration. Here, both land-based and online sports wagering is allowed.

Not long after approving this law, state officials began looking to expand the market. Soon, several new tribal casinos in the state will be allowed to offer sports betting odds. Several betting kiosks will also soon begin offering sports gambling options at different bars and retailers.

This isn’t going to make things easy for Washington’s sports betting market. The option to place wagers on different sporting events is welcomed here, yet the inability to make bets online is confusing.

Things are clearly going well for Oregon, though. Lawmakers in this state seem pleased with the revenue flowing in.

Legal sports betting in Washington may become available within the next few months. Hopefully, California completes the West Coast sports betting legalization this year, as well.

Stay tuned for more updates over the next few months!

Half the US Population May Soon Have Legal Sports Betting Options

For nearly two years, the US has begun to embrace the sports gambling industry. A huge number of states now allow sports betting and many more have plans to legalize this form of gambling over the next few years. New reports indicate half the US population may soon have legal sports betting options.Map Of The US

It’s great news for sports fans in the country. The US is finally catching up to Europe, where sports betting is hugely popular for decades. Now is the perfect time to look at how this industry has evolved and what to expect in the future.

Let’s get into it!

The Removal Of PASPA Changed the US Gambling Industry

The United States has always been a passionate sports country. Unfortunately, sports gambling was banned here for many years. Lawmakers here approved PASPA in 1992, essentially killing the sports betting industry. This set of laws made it illegal for any state besides Nevada to offer sports betting odds.

For Nevada, this was actually a good thing. A huge number of tourists would flock to different Las Vegas casinos just to enjoy the legal sports betting options available. The city earned millions in sports gambling revenue every month.

In May of 2018, things took a massive turn. After years of lobbying from New Jersey, the Supreme Court finally decided to overturn PASPA. Immediately afterward, every state in the country had the ability to set its own laws on sports betting.

Many states began instantly crafting legislation to legalize this industry. New Jersey almost immediately allowed casinos in Atlantic City to offer sports betting odds. Today, more than 20 states now have legal sports betting options available.

It’s clear that sports betting is becoming the norm in the US. Lawmakers here recognize how much revenue can be earned from the industry. A new report detailed just how popular this form of gambling may soon become in the near future.

Bank of America Reports on the Growth of Legal Sports Betting Options

As we just mentioned, nearly half of the states in the country now have legal sports betting options available. That doesn’t mean that half the population can place bets legally in their home state, though. Some of the biggest states in the country such as California and Texas have yet to approve any sports gambling legislation.

According to a new report, though, this could soon change. Bank of American claims that more than 50% of Americans will soon have sports gambling options available in their home state by 2022. The bank also states that revenue from this industry will reach $20 billion in the same time period.

“We think the success, adoption and technology behind online and mobile sports could be a catalyst for wider iGaming penetration, a notable shift for an industry that has thus far not been widely impacted by the Internet,” said Shaun Kelley, a research analyst at Bank of America. 

Unsurprisingly, a huge number of companies are now investing heavily in the sports betting industry. Barstool Sports is set to open a sports betting platform. The company was recently valued at $450 million after securing a new deal with Penn National Gaming.

The sports betting industry is soaring right now. Even some of the biggest sports leagues in the country are getting on board. Here are some of the states that are poised to legalize this industry soon.

More States Gear Up to Legalize Sports Betting

When PASPA was first struck down, there was a debate as to how successful sports gambling would be in the United States. Some felt that it would never reach the same level of popularity as casino gambling. This is not the case.

It’s turned into one of the fastest-growing industries of all time. The amount of revenue that’s being generated is astounding. As a result, more and more states continue to push to allow legal sports betting options.

Analysts are following California’s road to sports betting legalization. This state is home to nearly 40 million people. If sports betting is legalized here, the amount of revenue that the state would earn is immense.

Several major states have already presented sports betting legislation. Many of these bills are likely to be approved over the next couple of months.

It’s a great time to be a betting fan in the US. Make sure to stay tuned for more US sports gambling news over the next few months!

Arkansas’ Southland Casino Launches Sports Betting in Time for Super Bowl

Sportsbook Filled with PeopleWest Memphis, Arkansas is setting up their Southland Casino for success, as the gaming complex launched sports betting within days of the Super Bowl.

It appears the timing was coincidental, as Southland maintains that it is sheer coincidence that their sportsbooks would go live just a mere five days before the biggest sporting event in the country.

Senior Director of Marketing for Southland Casino Jeff Strang said “Timing is great. We feed off a population and we’re hoping it’s going to make it more convenient to come here based on time, travel as elsewhere in the Midsouth.”

Super Bowl Weekend Big for Numbers

The Super Bowl brings super betting along with it. New data from the American Gaming Association says 26 million Americans will wager approximately $6.8 billion on Super Bowl 54, a 15% increase from last year’s game as the Kansas City Chiefs face off against the San Francisco 49ers. This year’s Super Bowl will also be the most legally bet on Super Bowl in history.

With Super Bowl 54 expected to see a record number of betting dollars being wagered across the US, Southland Casino will certainly be getting a piece of the pie.

Bill Miller, president and CEO of the American Gaming Association, points to research showing that 75 percent of NFL bettors are more likely to watch a game they have bet on:

“When Americans have skin in the game, it’s clear they are more likely to tune in,” he says. “It means the NFL is starting to realize the $2.3 billion opportunity that comes from sports betting annually.”

Southland Gets Help From Parent Company

Southland Casino is actually owned by the parent company, Delaware North, which recently signed a sports betting deal with IGT after months of a contract dispute with their previous sports betting supplier. The deal they made may have played a role in the timing of the launch date of Southland casino’s sportsbook.

However, any extra revenue will not just benefit Southland Casino. In fact, the entire city of West Memphis is planning to use the extra profit to improve upon and expand the city. Aside from attracting sports bettors, they’re hoping to turn it into a more tourist-friendly destination overall.

Expansions in West Memphis

West Memphis is looking to have a city-wide expansion to boost tourism, and sports betting going live is merely a small part of the plan. The city is also currently undertaking multiple different projects in hopes of bringing in more visitors. The state of Arkansas isn’t necessarily the most popular destination for a vacation in the United States, but the launch of sportsbooks in Southland Casino could be one essential part of the city’s revival.

Strang continues on the benefits for West Memphis by saying, “This adds more inventory to help compete to bring more events to the Memphis area so it compliments Memphis.”

Some of the other projects currently in the works are a 20-story hotel that is under construction, an expanded casino floor for Southland, and more restaurants.

As part of West Memphis Mayor Marco’s vision for a “new” city, it will include a new courthouse, police substation, library and two new fire stations. These essential city services, which were funded for a cool $12 million, will be placed strategically along Broadway Avenue.

“I am happy about the direction West Memphis is going. We haven’t had a building built since 1974. I wasn’t even born then. But, now we are about to have five new buildings,” said West Memphis Mayor Marco McClendon.

Washington Legislature Introduces Bills to Allow Sports Betting

Sports BookIn Washington state, bills to allow sports betting at Indian casinos for major events, like the Super Bowl and the World Series, have just been introduced. It looks like sports betting is expanding in the United States, following the 2018 U.S. Supreme Court ruling that allowed for it to be legalized in every state.

These bills would effectively allow owners of the 29 Indian casinos in the state to open Las Vegas-style sportsbooks. While it’s a big move for sports betting in Washington, a company that operates 19 private card rooms in Washington says the bills should allow mobile betting, too.

Eric Persson, the owner of Maverick Gaming, said their company should also be allowed to offer sports betting services. This includes betting via the use of cellphones, computers, and other smart devices.

“That’s what the consumer wants,’‘ Persson told the House Commerce and Gaming Committee on Monday afternoon.

The committee heard Persson’s testimony about the proposal, but did not take a vote. The next sports betting hearing is scheduled for Thursday before a Senate committee.

Legal Gambling Can Help End Illegal Gambling

Rebecca Kaldor, director of the Washington Indian Gaming Association, said the casinos provide jobs and government services in some of the poorest parts of the state. Kaldor mentioned that Indian casinos provide jobs for over 30,000 people. In turn, they pay over $1.5 billion a year in wages and benefits. They also pay $722 million in taxes and account for over $5.7 billion for the state’s economy alone.

But Persson said operators of card rooms and other non-Indian gambling businesses should share in the sports betting action. He said many people in Washington are already betting on sports via off-shore bookies.

When asked how to reduce illegal gambling, Persson said people will naturally pursue legal options if given the choice.

Persson even pushed for Washington to start providing mobile betting options to bet on sports, insisting that the accessibility and legality would help end prohibited gambling on sports.

A few representatives from Native American casinos spoke out against adding cardrooms to sports betting venues. They believe those are private, unrelated businesses that don’t necessarily offer any benefits to Washington residents.

The Slow and Steady Approach

The Washington state House bill seeks to “figure out a slow and steady way to kind of enter into this new arena of gambling,” said House Commerce and Gaming Committee Chairman Strom Peterson, a Democrat from Edmonds and the sponsor of the measure.

The aforementioned bill would permit Native American-based casinos to revise their gambling agreements with Washington legislators and allow betting on sports in the future. However, the bill does block betting on sporting events that involve universities or colleges within the state. This is a legal component that other states have implemented as well, in an effort to prevent any potential corruption.

Native American leaders, along with casinos, have testified in support of the prohibition of betting on collegiate sporting events.

David Bean, chairman of the Puyallup Tribe, said gaming revenues have provided tribes with the means to provide many services to their members, and many jobs to both Indians and non-Indians.

“Indian casinos are a natural place for sports betting”, Bean said. “You know us. You trust us,” Bean said. “This is our home.”

Charlene Tillequots, a Yakama Nation Tribal Council member, said tribes have years of experience operating casinos. But Tillequots also said that sports betting is an activity that will require proper management.

MGM Grand Detroit’s New President, David Tsai, Will Help Implement Sports Betting

MGM Grand Detroit in Detroit, MichiganMGM Grand Detroit announced last Friday that David Tsai has been appointment president and COO. Tsai served in the same capacity since 2018 in his most recent position at Gold Strike Casino Resort in Mississippi, which is apart of the MGM Resorts.

He was responsible for launching Gold Strike’s first sports wagering operations stats during his time with the company and will bringing his expertise to Grand Detroit.

Here’s a glimpse into some of the insight he gained through launching Mississippi’s first legalized sports betting outlet:

“We’ve created an exceptional state-of-the-art venue that brings together sports, gaming, entertainment, dining and nightlife. These continued capital investments combined with our innovative service culture and M life Rewards loyalty program make Gold Strike the region’s premier sports entertainment destination.”

Regional portfolio president for MGM Resorts International, Jorge Perez, says that Tsai is taking the reigns in Detroit at an exciting and opportune time, as legalized sports wagering has been introduced to Michigan. He believes the leadership and experienced he gained in Mississippi, being the first to market its sports betting operations, will be a great, much-needed benefit for MGM Grand Detroit and its customers.

Tsai’s 13-Year Industry Experience

Tsai first joined MGM Resorts back in 2007. He served as senior vice president of corporate strategy and analytics at CityCenter/ARIA. He then served as senior vice president and CFO for Monte Carlos in Las Vegas. One of his biggest undertakings while at Monte Carlo was preparing the property for their successful transformation to Park MGM and NoMad.

During Tsai’s time as CFO for Monte Carlo, he invested a lot of the money in bringing local desert shrubbery, trees and plants for the communal space that leads into the T-Mobile Arena, saying that a lot of time and effort was spent making sure the landscape and paving was designed to be unique and comfortable.

Shifting gears forward to his latest role, Tsai says, “MGM Grand Detroit is the casino of choice in the region because of its outstanding team and their commitment not only to customers but to the community.” He continues:

“At a time of unprecedented change and opportunity for Michigan with the passage of sports betting, I am honored to be joining MGM Grand Detroit and look forward to continuing to bring our customers exceptional entertainment offerings and service, and working with the community.”

Tsai has an MBA degree from Stanford University, where he also completed his undergraduate studies.

How MGM Grand Detroit is Preparing for Legalized Sports Betting

Back in October, MGM Grand Detroit opened up their $6 million sports bar, Moneyline, as the perfect placeholder until sports betting becomes officially legalized in the state.

As of now, it serves as a fully-functioning sports bar, complete with 60 televisions, a capacity of 280 and three sections of VIP seating. It also features couches and high-top seating, and personalized game sound. It is 21-and-older, and is smoke-free, with business hours currently from 11:30 a.m. to 1:30 a.m.

Located off the front entrance to the casino near the hotel lobby, it’s in a prime spot to becoming a major attraction with legalized sports betting.