Delaware Governor Jack Markell spoke on a Sports Illustrated web telecast Tuesday regarding his decision to support legalized sports betting in his state.
Delaware becomes the only state east of the Mississippi River to allow betting on sports after the governor signed the legislation with Markell signing the bill into law this past Thursday.
Markell explained that 30 years ago that Delaware had a sports lottery and it wasn't successful. But when the U.S. outlawed legalized sports betting across the country, states that already had it were allowed to keep it.
They're not permitting betting on any Delaware teams and people can only bet at three locations -- all horse tracks. And based on law, they can't expand past those three locations.
Steve The NFL and NCAA have no claim against DE. The casinos will have betting accounts that can be linked to bank and or credit cards. DE also has lax usury laws so bookies can be put out of business.
Full House Resorts Inc. (FLL)...ownes and operates a few Dealware casionos
BUSINESS SUMMARY Full House Resorts, Inc. develops, manages, and/or invests in gaming related opportunities. The company holds interest in Gaming Entertainment (Delaware), LLC, a joint venture with Harrington Raceway, Inc., which has a management contract with Harrington Raceway and Casino at the Delaware State Fairgrounds in Harrington, Delaware
What does everyone think about Dover Downs Gaming & Entertainment Inc. (DDE), with the State of Delaware approving table games (craps black jack, roulette, POKER) and sports book wagering in it's casinos?
This could also be the coup de grâce (death blow) for the Atlantic City casino industry in my opinion. Sports wagering is something Atlantic City should of had 15 years ago. Now it might be the only one thing that could remotely have a chance of saving Atlantic City.
Why on Earth Carl Ichan would want to buy the Tropicana Casino is beyond me.