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Hard Rock partners with Malta-based online gambling operator

To date, patrons have bet $57.1 million since sports betting was officially rolled out in New Jersey on June 14 at Monmouth Park. Hard Rock partners with Malta-based online gambling operator By Daniel J. Munoz , August 17, 2018 at 11:02 AM To date, patrons have bet $57.1 million since sports betting was officially rolled out in New Jersey on June 14 at Monmouth Park. - (THINKSTOCK) Hard Rock Hotel & Casino Atlantic City is poised to become the latest entertainment venue to offer online sports betting. The resort on Friday announced a 10-year partnership with Malta-based online gambling operator Kindred Group , marking its first footprint in the U.S. for online sports betting. Hard Rock – which opened June 28 – and Kindred must now apply for a Casino Service Industry Enterprise License in New Jersey. "Hard Rock is proud to partner with one of the fastest growing operators in the industry. We are hopeful that Kindred's international experience and commitment to innovation will translate to a significant success in New Jersey," said Kresimir Spajic, senior vice president of online gaming at Hard Rock International, in a prepared statement. Sports wagering is already available in Atlantic City at Bally’s Atlantic City , Ocean Resort Casino and Borgata Hotel Casino & Spa , in addition to the Monmouth Park Racetrack in Oceanport and the Meadowlands Racetrack in East Rutherford. Earlier this month, Golden Nugget Atlantic City and Resorts Casino Hotel unveiled their in-person sportsbooks, while a venture for online and mobile sports betting between Resorts Casino Hotel and DraftKings went live.

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Harrahs wins online gambling licence from Pa.

Those licenses also carry a $10 million fee, as well as a relatively high 34-percent tax rate. In contrast, Nevada has a 6.75 percent tax rate, while West Virginia has set the state’s take at 10 percent. New Jersey has established a tiered tax system of 8.5 percent for in-house betting, 13 percent for online wagering run by casinos and 14.25 percent for online betting run by racetracks. Pennsylvania casino operators have been able to apply for licenses since the first regulations were approved at the end of May following a U.S. Supreme Court decision that opened up sports betting to all states. Harbach noted he had seen reports of casinos signaling that they would be making the move to offer sports betting and setting up partnerships with technology companies to develop platforms.

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