Maryland
Queen Sportsbook Maryland Qualifies for Mobile Sports Wagering License in MD – The Southern Maryland Chronicle
The Maryland Lottery and Gaming Management Fee (MLGCC) has accepted the {qualifications} of Queen Sportsbook Maryland, LLC for a cellular sports activities wagering license underneath Maryland’s sports activities wagering legislation. The corporate is now awaiting approval from the Sports activities Wagering Software Evaluation Fee (SWARC), which is scheduled to fulfill in Might and will think about awarding a license at the moment.
In line with Maryland’s sports activities wagering legislation, the MLGCC conducts background investigations to find out whether or not an entity has demonstrated the honesty, integrity, good character, and monetary stability to be certified for a sports activities wagering license. SWARC evaluates candidates’ suitability and determines whether or not awarding a license to an applicant is within the public curiosity.
Queen Sportsbook Maryland has additionally been discovered certified for an internet sports activities wagering operator license, and the corporate is at the moment evaluating third-party suppliers for servers. Whereas awaiting the cellular license award from SWARC, Queen Sportsbook Maryland is working with Maryland Lottery and Gaming workers to meet operational necessities.
As soon as awarded a license by SWARC, every sports activities wagering licensee should conduct a managed demonstration to make sure that its techniques and inside management procedures are functioning appropriately. As soon as a enterprise has efficiently accomplished these steps, Maryland Lottery and Gaming is permitted to difficulty a license permitting the enterprise to start operations. A timeline for the launch of Queen Sportsbook Maryland has not been decided.
Maryland turned one of many many states to legalize sports activities betting after Governor Larry Hogan signed a invoice into legislation in Might 2018. The state’s casinos started accepting sports activities wagers in November 2018, and in November 2020, Maryland voters accepted a sports activities betting referendum, permitting for the growth of sports activities betting to on-line and cellular platforms.
As of April 2021, the Maryland Lottery and Gaming Management Company has obtained 45 purposes for sports activities betting licenses. The company has awarded 17 licenses, together with 12 Class A licenses for brick-and-mortar places and 5 Class B licenses for on-line and cellular platforms.
Queen Sportsbook Maryland is without doubt one of the firms looking for to be a significant participant in Maryland’s sports activities betting market. The corporate is owned by Gaming and Leisure Properties, Inc., a publicly traded actual property funding belief (REIT) that operates casinos and different gaming properties in america.
Gaming and Leisure Properties, Inc. additionally owns Hollywood On line casino Perryville in Maryland, which is without doubt one of the state’s six casinos. The on line casino is anticipated to characteristic a retail sportsbook operated by Barstool Sportsbook, a sports activities betting model owned by Penn Nationwide Gaming, Inc., a publicly traded gaming firm that operates casinos and racetracks in america.
Along with Queen Sportsbook Maryland and Barstool Sportsbook, different sports activities betting manufacturers which have been accepted for licenses in Maryland embody BetMGM, William Hill, and FanDuel. The state’s casinos are additionally anticipated to associate with main sports activities leagues and groups to supply sports activities betting providers.