International edition
September 26, 2021

According to a listing on LinkedIn

Live Casino & Hotel looks for sports betting executive

Live Casino & Hotel looks for sports betting executive
Officials at Live Casino & Hotel, meanwhile, have argued that casinos should have exclusive rights to sports gambling.
United States | 01/02/2019

A spokeswoman for the Hanover casino has said that the company has started "a preliminary search to start seeing who is out there."

L

ive Casino & Hotel has begun its search for a vice president of race and sports book operations, according to a listing on LinkedIn. Asked about the post, Carmen Gonzales, a spokeswoman for Live, said the company has started "a preliminary search to start seeing who is out there," Baltimore Business Journal reports.

The listing comes as several states open the door to sports gambling, which allows for people to place wagers on the outcomes of sporting events like football, basketball and boxing. Once limited to Nevada and a handful of other states, the Supreme Court extended the privilege to the entire country with a ruling in May. Since then, several states have legalized sports betting, including New Jersey and Delaware, which previously had more limited sports gambling options.

Washington, D.C., was the latest to legalize the practice this month, by an 11-2 vote of the city council. The District's law allows residents to place bets both online and in-person at new brick-and-mortar facilities. Businesses will have to pay between $50,000 and $250,000 to obtain and renew an operators license, and 10 percent of gross revenue from the gambling proceeds will go to the city each month.

Sports betting is still a few years away for Maryland, even under the smoothest of timelines. Before it can be legalized, a constitutional amendment would need to be approved by three-fifths of the General Assembly, and then will have to be passed by a simple majority of the state's voters at the next election, in 2020.

Possible stakeholders are already jockeying to position themselves for a cut of the action. Operators of the state's casinos and racetracks have both said they should be allowed to host sports wagers.

Maryland Jockey Club President Sal Sinatra told state lawmakers in February that sports betting would be "a good amenity" to help draw new visitors to the state's racetracks, which include Pimlico Race Course and Laurel Park.

"Most of the other neighboring states have either passed or are in the process of passing including race tracks in sports wagering legislation," Sinatra said. "We feel that to be competitive with those other venues we would like to have it."

Officials at Live Casino & Hotel, meanwhile, have argued that casinos should have exclusive rights to sports gambling.

Joe Weinberg, a managing partner for the Cordish Cos., which owns and operates Live, noted in May that the casino industry has invested more than $2 billion in gambling facilities in the state and has generated more than $3 billion in tax revenues.

"Sports betting should be made available exclusively through the regulated casinos in Maryland, where it is best positioned to protect consumers and maximize tax revenues to the state," he said.

Live spokeswoman Gonzales said there is no timeline for hiring a head of sports betting at the casino. When they are selected, they will be in charge of building an infrastructure for eventual sports betting programs once they are legalized, she said.

Duties of the new job include developing internal controls for the casino's race and sports book operations department, handling budgets and financial reporting and handling oversight of sports book operations at other locations as they are developed, according to the post. The listing says candidates must have 10 to 15 years of experience in the casino industry in accounting, finance or operations, or be a manager with five years of experience managing processes, department-level managers and functions.

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