Caesars the Latest to be Awarded Mass Sports Betting License
State regulators in Massachusetts approved Caesars to operate a sports betting website in the commonwealth. They become the third casino company granted a license after Wynn and MGM.
The Massachusetts Gaming Commission voted unanimously to allow Caesars following a grueling review of MGM Springfield's tie-in with a third party vendor that runs its mobile site BetMGM. Commissioners delayed a decision on the sports betting license application from Plainridge Park Casino due to concerns over ties with Barstool Sports and its controversial founder, Dave Portnoy.
BetMGM was approved for a license one day prior to acknowledging a breach of customer accounts occurring some time in May of this year. BetMGM parent company, Entain, had been handed down a record fine by UK regulators for failure to implement money laundering safeguards over the summer.
Caesars already has a foothold in a number of U.S. states including Louisiana. We had an opportunity this past week to visit their sprawling sportsbook in Harrah's New Orleans.
Caesars Louisiana sportsbooks are making a name for themselves for their willingness to accept huge million dollar bets from Houston area furniture mogul Jim "Mattress Mack" McIngvale.