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Archive for February 10th, 2019

South Dakota’s Governor Among Main Sports Betting Opponents

The legalization of sports betting is part of South Dakota’s legislative agenda for this year, but lawmakers, including the state’s newly sworn-in Governor, seem to have clashing views on whether the practice should be authorized

Senate Joint Resolution 2 passed on Wednesday the Senate State Affairs Committee with a narrow 5-4 margin, and is now to be debated on the full Senate floor. The legislation was on the Senate’s calendar Friday, but lawmakers decided to leave the sports gambling issue for next week.

With Sen. Bob Ewing being its prime sponsor, the resolution would ask state voters to decide whether they want sports betting in Deadwood and at South Dakota’s tribal gaming venues at the 2020 referendum. However, the piece needs to survive through the state Legislature first, and it does not seem that this will be an easy task.

Sen. Ewing and other sports gambling proponents believe the legalization of the practice would create a new tax revenue generator and would provide an additional draw for visitors of Deadwood city.

However, Senate Joint Resolution has many opponents and they have already begun pushing hard to prevent the piece of legislation from making it through all pending legislative hurdles. The South Dakota Department of Revenue is one of the main opponents of the sports betting legalization effort, arguing that the practice would cost the state more to regulate than the projected tax revenue it would bring.

Where Does Gov. Noem Stand on Sports Betting?

During the Wednesday debate that preceded the positive Committee vote, the South Dakota Revenue Deputy Secretary David Wiest was among the officials in attendance to speak against the sports gambling legislation.

According to estimates by the Legislative Research Council, Deadwood sports betting could generate about $184,700 in tax revenue for the state. However, Mr. Wiest said Wednesday that the projections were not that accurate as the Council used Nevada as a financial model but that state had a mature sports gambling industry.

According to the Revenue Deputy Secretary, South Dakota could receive about $80,000 in betting tax revenue, which would not be enough to hire an individual that would regulate the industry and train employees on sports wagering.

Commenting on Mr. Wiest’s opinion on betting, South Dakota Governor Kristi Noem said on Friday that she was not in favor of any form of gambling expansion in the state and that the Revenue Deputy Secretary had done a great job identifying her exact concerns regarding the legalization and regulation of sports betting.

However, South Dakota voters will be the ones to have the final say on the issue if Senate Joint Resolution 2 survives.

There are opponents of this particular piece of legislation who want to bring sports betting across South Dakota and not just limit it to Deadwood. Senate Republican assistant leader Jim Bolin said Friday that Deadwood alone would not attract enough sports gamblers who would offset the costs of regulation. On the other hand, if sports betting becomes legal across the state, it would certainly bring enough additional revenue, he further pointed out.

As mentioned earlier, the Senate Joint Resolution 2 debate is set to resume next week with more comments on whether it should be allowed to move any further into the Legislature.

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The post South Dakota’s Governor Among Main Sports Betting Opponents appeared first on Casino News Daily.

Chino Rheem Grabs WPTDeepStacks Brussels Day 1B Chip Lead

This year’s PCA Main Event champion, Chino Rheem, is now looking to scoop the WPTDeepStacks Brussels Main Event title

Fresh off a third-place finish in the Aussie Millions A$25K Challenge and most notably a PCA Main Event win, Chino Rheem is now attacking the WPTDeepStacks Brussels Main Event title.

The player, who is member of the elite and very exclusive club of three-time WPT Main Tour Main Event champs, finished last night as the chip leader after Day 1B of the ongoing WPTDeepStacks Brussels Main Event to secure a comfortable start of today’s Day 2.

After 12 levels of play, Rheem bagged 272,500 to claim the chip leader spot at the end of the tournament’s second starting flight. One more starting flight, Day 1C, was played late last night, but the results of that one are yet to be released by organizers.

Rheem did not have a great start of the day. He got eliminated in Level 8, but took advantage of the re-entry option and shot his second bullet to build a solid stack and lock up the overnight chip lead.

Friday was a busy day at the host venue – Grand Casino Viage. The second starting flight of the WPTDeepStacks Main Event attracted a record-breaking field of 338 entries. Yesterday’s attendance smashed last November’s record at Grand Casino Viage of 279 contenders. Together with Day 1A’s 147 entries and the participants from Day 1C, it should be noted that the ongoing tournament is a record-breaking one.

Who Made It Through Day 1B’s 12 Levels?

Aside from Rheem, who now stands at the top of Day 1B’s chip counts chart, Said El-Yousfi with 265,000, Arnaud Schnorfeil with 216,500, Remi Castaignon with 208,000, and Frederic Marechal with 207,000 were the other four players to round out top five of the leaderboard.

Overall, 110 players made it through Day 1B’s 12 levels. They will join Day 1A’s 47 survivors as well as the remaining hopefuls from Day 1C to resume play today at 2 pm local time at the host casino.

Rheem is not the only WPT Champions Club member to be progressing into the second day of the tournament. Belgium’s very own Davidi Kitai, too, bagged and tagged chips at the end of Day 1B. In addition, Michael Mizrachi secured a spot into Day 2 by bagging the third largest stack on Day 1A. Greece’s Kyriakos Papadopoulos is topping the overall chip counts chart now after scooping Day 1A’s biggest stack of 305,500.

The tournament’s prize pool and the places paid are yet to be announced by organizers, but given the fact that players are participating in the largest-ever WPTDeepStacks Brussels Main Event, there will certainly be exciting prizes for those who made it into the money bubble.

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The post Chino Rheem Grabs WPTDeepStacks Brussels Day 1B Chip Lead appeared first on Casino News Daily.


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