5Dimes Temporarily Ceases U.S. Offshore Operations

Icon Displaying Variety of Sports, Hand Holding Cash
Costa Rica-based online sportsbook 5Dimes has issued a notice to its customers informing them that it will be temporarily ceasing its U.S. operations effective September 25, 2020.

The move is seen by industry experts as part of a bigger plan by 5Dimes to legitimize its operations in the United States. 5Dimes has operated in the United States an an offshore sportsbook. But with the U.S. Supreme Court’s decision to strike down the Professional and Amateur Sports Protection Act in 2018, states have been allowed to pass their own legislation that will legalize sports betting. Since then, more than 20 states have legalized sports betting in their jurisdiction and that number is expected to increase further. With the legal sports betting market growing in the United States, 5Dimes is aiming to be among the legal gambling operators in the country.

In a social media message, the sportsbook said:

“5Dimes is excited to announce that it is embarking on a new business venture. With the evolving legal landscape in the United States, we want to take advantage of the opportunity to offer an improved online sports betting experience to our many US customers. In order to do this, we need to suspend temporarily our service of the US market so that we can launch our new operations with a fresh start.”

Temporary Cessation

To facilitate the temporary cessation, 5Dimes will stop accepting best from U.S. markets at 12am ET of September 21, 2020. Customers have been informed to withdraw their balances until 12 am ET of September 25, 2020.

All customer funds remaining on 12 am ET of September 30th will be transferred to a third-party claims administrator who will attempt to deliver the funds to the account holder. All funds undelivered by 12 am ET of September 30, 2021 or one year from now,  will be deemed abandoned by the owner.

State By State Entry

After its temporary closure, sources say that 5Dimes will attempt to re-enter the U.S market state by state, seeking the approval of state regulators. The United States is one of the biggest sports betting markets in the world. But American punters have always been wary of offshore betting sites. 5Dimes hopes that becoming legal in the U.S. will help it earn a bigger share of the pie.

Also, Mature U.S. markets like Nevada and New Jersey are strict in their laws against offshore gambling operators in the last five years. Offshore betting site Bovada and BetOnline have stopped accepting New Jersey customers since last year because of issues with state regulators. Once 5Dimes gets its U.S.licenses, they will no longer have to worry about suffering the same fate.

The Sportsbook at Circus Circus is About to Improve

Not long ago, MGM Resorts International officially sold Circus Circus. Since that time, the new owner has claimed he wants to significantly upgrade the property. Recent reports indicate that the sportsbook at Circus Circus is set to improve dramatically.

Circus Circus Hotel-Resort

It’s extremely exciting news for fans of this venue. The new sportsbook is expected to be fantastic. Today, we’re going to take a quick look at why this property was sold, and how it may change in 2020.

Let’s get into it!

The Sale of Circus Circus is Officially Complete

Las Vegas is home to many of the biggest and best casino-resorts in the world. Some of these venues have been open for decades. Others are fairly new. Circus Circus first opened its doors to the public in 1968. Years ago, MGM Resorts International acquired this venue.

For a time, this was a popular hotel-casino that attracted visitors from around the country. Over the past few decades, however, the popularity of Circus Circus has declined. It’s gone through very little renovations and does not offer nearly as many amenities as most other hotel-casinos in the city.

The location of Circus Circus also leaves a lot to be desired. It’s in the northern area of the Las Vegas Strip, which has struggled to attract tourists. Officials within MGM Resorts eventually decided that it was time to sell this property.

Surprisingly, it didn’t take long for MGM to find a buyer. Phil Ruffin immediately expressed his desire to purchase the hotel-casino. He eventually agreed to purchase Circus Circus for $825 million.

Not long ago, members of the Las Vegas Gaming Commission officially approved this sale. Now, Mr. Ruffin can begin to officially come up with new plans for this venue. It now appears that he’s interested in upgrading the sportsbook at Circus Circus. Will this help to bring in more visitors?

Plans to Improve the Sportsbook at Circus Circus Are Announced

Not long after Ruffin purchased Circus Circus, he teamed up with William Hill to operate the casino’s sportsbook. William Hill is one of the largest sports betting operators in the world. It’s based in the UK, yet it’s begun to push heavily into the US market over the past year.

This week, William Hill announced its plans to upgrade the sportsbook at Circus Circus. Joe Asher, CEO of William Hill US, claims the improvements will come after the Super Bowl in February of 2020. He spoke to the media and claimed that the improvements will help to bring new life to the Strip’s northern area.

“The north end of the Strip has so many new and updated offerings opening over the next few years and we’re excited to plant another flag in this part of town,” Asher said.

The upgrades to this sportsbook include updated video screens, odds boards, and direct access to William Hill’s mobile betting application. It will be one of the largest changes to this sportsbook since its opening.

The new sportsbook at Circus Circus will certainly help this venue. It’s been criticized in the past for its outdated amenities. Hopefully, more people begin choosing to stay and gamble here.

The Northern Las Vegas Strip is About to Get Better

As we already mentioned, the northern area of Las Vegas has struggled over the past couple of decades. Many of the city’s most impressive venues are located in the central area. Fewer individuals are now choosing to stay in the north.

This may be changing soon, though. Several impressive projects are underway in the northern Las Vegas Strip that will have a major impact. This includes the upgrades to the sportsbook at Circus Circus.

The biggest project here is called Resorts World Las Vegas. This is a massive casino-resort being constructed by the Genting Group. It’s costing more than $4.3 billion to construct, making it the most expensive hotel-casino ever built in the city.

Resorts World is expected to be incredible. Many believe it will completely transform the northern area of the Strip. Resorts World will finally open to the public in 2021.

It’s an exciting time for both locals and tourists in this city. We’ll need to wait and see how much this city changes once Resorts World is built. Stay tuned for updates over the next few months!