Arizona Department of Gaming Allocates Event Wagering Licenses to Plannatech and Sporttrade

In a significant move to expand event wagering in Arizona, the Arizona Department of Gaming (ADG) has announced the allocation of new operator licenses. Plannatech and Sporttrade are the latest recipients, designated as event wagering operators for two tribal gaming enterprises. This development marks an important step in integrating more diverse stakeholders into Arizona’s burgeoning wagering landscape.

New Licenses for Tribal Entities

Plannatech has been chosen to operate event wagering for the San Carlos Apache Tribal Gaming Enterprise. Meanwhile, Sporttrade has been allocated the license to manage event wagering for the Quechan Indian Tribe of the Fort Yuma Indian Reservation. These licenses were issued in accordance with Arizona state regulations, specifically A.R.S. § 5-1304 and A.A.C. R19-4-105 and 106.

The ADG opened the application window for these licenses on July 8, 2024, and closed it on July 19, 2024. This brief period saw a flurry of activity as interested parties prepared their submissions. The call for applications followed an announcement on June 7, 2024, which indicated that at least one license would be reserved for Arizona Tribes and another for Arizona Sports Franchises, as defined by state law.

To be considered, applicants had to meet stringent requirements and submit their applications within the specified timeframe. This structured approach ensured a fair and transparent selection process, giving all potential operators an equal chance to vie for these coveted licenses.

The Arizona Department of Gaming, established by the state legislature in 1995, oversees various gaming activities in the state. This includes tribal gaming, racing, pari-mutuel/simulcast wagering, event wagering, fantasy sports, and unarmed combat sports. The ADG also runs education, prevention, and treatment programs for problem gambling through its Division of Problem Gambling, which operates a 24-hour confidential helpline at 1-800-NEXT-STEP.

Significance of Tribal Involvement

The inclusion of tribal entities like the San Carlos Apache Tribal Gaming Enterprise and the Quechan Indian Tribe in Arizona’s event wagering sector is a significant development. It reflects the state’s loyalty to ensuring that tribal communities can participate fully in the economic opportunities offered by legalized wagering. By allocating these licenses, the ADG is promoting a diverse and inclusive gaming environment.

The entry of Plannatech and Sporttrade into the event wagering market is expected to bring new dynamics to the industry. These operators are anticipated to introduce innovative betting options and enhance the overall competitiveness of the market. The ADG’s decision to award these licenses to tribal entities also highlights a strategic approach to diversify and strengthen the market.

As these new operators begin their activities, there will be a keen interest in how they perform and the impact they have on Arizona’s gaming landscape. Stakeholders, including other operators, regulatory bodies, and customers, will be watching closely to see the benefits and challenges that come with these new additions to the market.

The broader context of these developments lies in the regulatory framework established by the Arizona State Legislature. By setting clear guidelines and ensuring a fair application process, the ADG has maintained the integrity of the state’s gaming industry. This approach not only boosts investor confidence but also ensures that all participants operate on a level playing field.

Source:

”Arizona Department of Gaming Announces Allocations for Event Wagering Licenses” Arizona Department of Gaming. August 02, 2024.