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Akwesasne Mohawk Partners with The Stars Group
The Stars Group (TSG), the giant Canadian gaming conglomerate, has just struck a deal of a lifetime with the Akwesasne Mohawk Casino in New York, and thereby entering the state’s sports betting markets by proxy.
Apart from the existing markets, The Star Group will also be entitled to act across any future iGaming jurisdictions claimed by the state. The main premise of the deal focuses on introducing new sports / betting opportunities – a joint objective of the two companies.
The Stars Group Goes All In
According to the arrangement, The Stars Group will be responsible for branding and managing the real-money online sports betting, casino, and poker, within the limits imposed by the state’s law and regulatory guidelines.
Due to legal issues, certain aspects of the cooperation are yet to be discussed and fully developed, but all the major points are already determined. It has been agreed that TSG will also handle the set-up and operations of retail sportsbook platform at Northern New York Akwesasne Mohawk Casino.
The General Manager of Akwesasne Mohawk Casino Resort, Todd Papineau, announced that the 5,200 sq/ft sports betting stage will be finished on time for the NFL season. Papineau added that the hub will be ready to take the first sports wagers as soon as the state expands its sports betting legal jurisdiction.
Robin Chabra, Chief Executive Officer at FOX Bet (TSG’s sports betting brand for the USA markets), has stated that the new partnership will establish the brand’s leading position across the USA’s online betting markets and contribute to the growth of FOX Betting.
It has also been disclosed that Mohawk’s share of the revenue will be deducted from the relevant online operations whereas TSG will take a cut from the retail sportsbook platform in Mohawk Casino.
Will the Uncertain Faith of Mobile Sport Betting in NY Affect the TSG-Mohawk Deal?
Although the debates about the future of the mobile sports betting in New York are not settling down, TSG and Mohawk are proceeding according to the plan, and the deal will come into effect this fall.
The state does allow retails sportsbook to operate across the pre-approved locations which means that there are no legal impediments for the project to continue.
At the moment, the only “inconvenience” is the Governor’s relentless opposition to online and mobile betting, pushing back internet sports wagering legalization to 2020. Assemblyman Garry Pretlow and Senator Joseph Addabbo Jr, the online sports betting bill supporters, remain confident that mobile betting will be approved in early 2020.