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Weekend Report: Rhode Island credit limit potentially on the rise

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Welcome to the Weekend Report, where iGB updates you with the stories you may have missed over the last few days.

Rhode Island credit limit potentially doubling

On Thursday (6 June), the Rhode Island senate voted to increase the outstanding credit per player to $100,000 (£78,697/€92,973). The house is now expected to review the bill this week.

The amended bill passed with a vote of 28-5 to raise the limit from the previous $50,000 which had been in place since 2014.

Igaming launched in Rhode Island in March. Bally’s Corporation essentially has a monopoly on igaming in Rhode Island following state legislators’ 2021 approval of a 20-year contract for Bally’s and supplier IGT.

The bill was introduced by Senator Frank Ciccone III and Senate President Dominick Ruggerio. The bill’s text states that the aim of the rising credits is to “increase Rhode Island’s competitiveness in the gaming industry”.

However, the bill is also facing opposition. As reported by the Rhode Island Current, Senator Sam Bell, who voted against the proposals, said: “We should not maximise profit when it comes to an addictive product.”

william hill will replace cinch as sponsor of the spfl

William Hill has been named as the new sponsor of the Scottish Professional Football League (SPFL). It will become the title sponsor of the top four divisions in Scottish football.

The operator will also become the SPFL’s official betting partner from the start of the 2024-25 season. The deal has been described as “record-breaking” and will last for the next five years.

Neil Doncaster, SPFL group chief executive, labelled the sponsorship “tremendous news”.

“Everyone at the SPFL is looking forward to working with William Hill to promote the passion, drama and excitement of the league and its 42 clubs over the next five seasons,” Doncaster said.

Caesars releases social responsibility report

Last Thursday (6 June), Caesars Entertainment released its 2023 corporate social responsibility report.

The report outlined progress in four areas. These included Caesars implementing a new greenhouse gas reduction target of 46.2% by 2030. This comes after meeting its emissions reduction goal three years ahead of expectations in 2022.

Caesars hailed its diversity, equity and inclusion efforts, as well as its community investment. Additionally, Caesars highlighted its achievements in increasing team member support to “stimulate self-development and professional growth”.

Parker appointed Mohegan’s chief strategy officer

Nelson Parker has been named Mohegan’s new chief strategy officer. Parker’s new role will oversee the identification, assessment and execution of new growth opportunities and ventures for Mohegan.

Parker has been promoted from his position as Mohegan’s senior vice-president of strategic development, assuming that role in April 2022 having previously served as managing director at hotel investment business Driftwood Capital.

Prior to joining Mohegan, Parker held positions at Penn National Gaming and Hard Rock International.

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