JAY-Z Applies for New York Sports Betting License

Bubbles

Member
Source: https://www.rap-up.com/2021/08/16/jay-z-new-york-sports-betting-license/

"The hip-hop mogul has filed to open a sportsbook in New York. According to TMZ, Shawn Carter’s name is on one of the applications submitted to the New York Gaming Commission requesting approval for a mobile sports betting license.

JAY-Z, who owns Roc Nation Sports, is partnering with Sixers co-owner Michael Rubin to form Fanatics Sportsbook. They’ve also teamed up with Kambi, a company that makes software used for online sports gambling.


The New York Gaming Commission will approve at least two of the six groups, and JAY-Z’s involvement could help with approvals. He is the most prominent public figure applying for a license and the only Black licensee applicant. The Gaming Commission is expected to make its selections by the end of the year.


Sports betting is a booming business, with $1.55 billion nationally last year. Fanatics Sportsbook will be based in NYC, and JAY plans to hire a diverse staff.

JAY-Z previously held gaming licenses in Nevada and New Jersey with his 40/40 Clubs in Las Vegas and Atlantic City, which have since been shuttered.


This is the latest business venture for the 51-year-old billionaire, who sold TIDAL to Square Inc. in April. Earlier this year, LVMH acquired a 50 percent stake in his luxury champagne brand Armand de Brignac."
 

Bubbles

Member
All I can hear is the New York song when reading this article.

"I'm gonna make it by any means, I got a pocket full of dreams
Baby, I'm from New York
Concrete jungle where dreams are made of
There's nothing you can't do
Now you're in New York
These streets will make you feel brand new
Big lights will inspire you
Hear it from New York, New York, New York! "
 

Bubbles

Member
I wonder which process is faster:

US sportsbook getting a licensed in the US or the offshore sportsbooks getting a licensed to an offshore gambling licenses.
 

BMR_Brad

Moderator
Staff member
I wonder which process is faster:

US sportsbook getting a licensed in the US or the offshore sportsbooks getting a licensed to an offshore gambling licenses.

50k will get almost anyone a license, website, backend supplier/manager and payment processing in Curacao by next week.

I think it would make our eyes water to know the real cost of setting up in the US. Not to mention the personal investigations you would have to pass.
 

Bubbles

Member
50k will get almost anyone a license, website, backend supplier/manager and payment processing in Curacao by next week.

I think it would make our eyes water to know the real cost of setting up in the US. Not to mention the personal investigations you would have to pass.
So offshores always get it faster.
 
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