Pennsylvania GCB passes first sports betting regulations
Pennsylvania Gaming Control Board has determined a set of regulations concerning sports wagering within the state, after its representatives passed a decree in a meeting last Wednesday. According to betting framework in the works, casinos will be able to apply for licenses to engage in sports betting services. However, setting up a physical sports book with an accompanying Sports Betting Certificate will come at a colossal price of $10 million.
Furthermore, operators who want to apply for licenses will also be required to exhibit appropriate financing methods to successfully run a sports book, as well as to showcase experience and ability in providing security systems. However, participating casino groups will finally be able to apply for an interactive gaming license, which allow…