{"id":248225,"date":"2022-12-15T16:01:08","date_gmt":"2022-12-15T22:01:08","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=248225"},"modified":"2022-12-15T18:20:57","modified_gmt":"2022-12-16T00:20:57","slug":"bet-on-gaming-throws-hat-in-new-york-city-casino-ring","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/","title":{"rendered":"Bet on Gaming Holdings Surprise Entrant in New York Casino Competition"},"content":{"rendered":"

The already teeming fray for a third downstate casino license in New York has a new competitor with the entry of Bet on Gaming Holdings.<\/p>\n

\"Bet
Bet on Gaming Holdings Principal, Dennis Cotto. The firm is getting involved in the New York casino competition. (Image: The Business Journals<\/em>)<\/figcaption><\/figure>\n

The privately held, minority-owned firm announced Thursday it created an investment fund to participate in the bidding for the third New York City-area gaming permit, which could be awarded in late 2023. Bet on Gaming\u2019s investment fund is also designed to participate in \u201cother upcoming brick-and-mortar casino opportunities.\u201d<\/p>\n

With secured capital and over 30 years of expertise in the development and operations of land-based casinos, BOGH is well positioned in the industry to become a valuable equity partner for any potential bidders seeking a more inclusive team,\u201d<\/strong> said Principal Dennis Cotto in a statement.<\/p><\/blockquote>\n

Bet on Gaming\u2019s investment fund focuses on business-to-business solutions, casinos, gaming devices, and online sports wagering.<\/p>\n

\u201cBet on Gaming Holdings\u2019 deal teams deploy capital globally across the technology and technology-enabled spectrum in compelling investment opportunities predicated on innovative or disruptive business models and companies with the demonstrated potential for accelerated market leadership in the gaming industry,\u201d according to the firm.<\/p>\n

Bet on Gaming’s New York State of Mind<\/h2>\n

It remains to be seen exactly how Bet on Gaming will approach New York City. But what\u2019s not debatable is the level of competition to bring a new casino hotel to the largest US city.<\/p>\n

\n

Currently, the two New York City-area casinos \u2014 Resorts World New York City in Queens and MGM\u2019s Empire City Casino in Yonkers \u2014 are slots-only properties. The state\u2019s 2023 budget likely paves the way for those venues to become full-service casinos<\/a> with table games and retail sportsbooks, as well as providing a third license for a yet-to-be-determined operator.<\/p>\n<\/div>\n

Bidding for the third license is drawing some of the industry\u2019s biggest names, including Caesars Entertainment, Hard Rock International, Las Vegas Sands, and Wynn Resorts<\/a>. There\u2019s also speculation Bally\u2019s is interested, though that company is focusing on a $1.7 billion integrated resort project in Chicago.<\/p>\n

It\u2019s possible that one of those groups could invite Bet on Gaming to get involved as an avenue for defraying costs, and there is some precedent for that.<\/a> But it\u2019s just speculation at this stage.<\/p>\n

Bet on Gaming Steeped in Industry Experience<\/h2>\n

Bet on Gaming has ample industry experience. Through a partnership with Golden Nugget Online, Bet On Gaming holds a mobile sports wagering license in Virginia. The company also holds a similar permit in Maryland. It\u2019s working with Churchill Downs to open more retail sportsbooks across the country, according to its website.<\/p>\n

The Bet on Gaming team has over three decades of industry experience and is well-versed in land-based casino operations.<\/strong><\/p>\n

\u201cIts principals have developed and operated MGM Detroit, MGM National Harbor, New York New York, and the Flamingo of Las Vegas,\u201d it said in the statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

The already teeming fray for a third downstate casino license in New York has a new competitor with the entry of Bet on Gaming Holdings. The privately held, minority-owned firm announced Thursday it created an investment fund to participate in the bidding for the third New York City-area gaming permit, which could be awarded in […]<\/p>\n","protected":false},"author":46,"featured_media":248226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[81897,81898],"acf":[],"yoast_head":"\nBet on Gaming Throws Hat In New York City Casino Ring<\/title>\n<meta name=\"description\" content=\"Bet on Gaming Holdings is latest company to express interest in New York casino license.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bet on Gaming Throws Hat In New York City Casino Ring\" \/>\n<meta property=\"og:description\" content=\"Bet on Gaming Holdings is latest company to express interest in New York casino license.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-15T22:01:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-16T00:20:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/DC.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/\",\"url\":\"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/\",\"name\":\"Bet on Gaming Throws Hat In New York City Casino Ring\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/DC.jpg\",\"datePublished\":\"2022-12-15T22:01:08+00:00\",\"dateModified\":\"2022-12-16T00:20:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Bet on Gaming Holdings is latest company to express interest in New York casino license.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/DC.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/DC.jpg\",\"width\":1200,\"height\":675,\"caption\":\"Bet on Gaming Holdings Principal Dennis Cotto. The firm is getting involved in the New York casino competition. (Image: The Business Journals)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Bet on Gaming Holdings Surprise Entrant in New York Casino Competition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bet on Gaming Throws Hat In New York City Casino Ring","description":"Bet on Gaming Holdings is latest company to express interest in New York casino license.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/","og_locale":"en_US","og_type":"article","og_title":"Bet on Gaming Throws Hat In New York City Casino Ring","og_description":"Bet on Gaming Holdings is latest company to express interest in New York casino license.","og_url":"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2022-12-15T22:01:08+00:00","article_modified_time":"2022-12-16T00:20:57+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/DC.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/","url":"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/","name":"Bet on Gaming Throws Hat In New York City Casino Ring","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/DC.jpg","datePublished":"2022-12-15T22:01:08+00:00","dateModified":"2022-12-16T00:20:57+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Bet on Gaming Holdings is latest company to express interest in New York casino license.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/DC.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/DC.jpg","width":1200,"height":675,"caption":"Bet on Gaming Holdings Principal Dennis Cotto. The firm is getting involved in the New York casino competition. (Image: The Business Journals)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/bet-on-gaming-throws-hat-in-new-york-city-casino-ring\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Bet on Gaming Holdings Surprise Entrant in New York Casino Competition"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/248225"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=248225"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/248225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/248226"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=248225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=248225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=248225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}