Seminole Tribe Hopeful as Florida Sports Betting May Return

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00:00 (upbeat music)

00:03 Okay, let's get back to our favorite subject here, Mike,

00:05 sports betting in the state of Florida

00:07 and the Seminole tribe.

00:09 Last week, the Supreme Court denied

00:11 a Florida sports betting stay.

00:13 And so the initial response was,

00:15 well, maybe sports betting could be coming to Florida soon.

00:18 And then we got to wait, hold the phone here.

00:21 You know, December 1st, still an appeal in place here.

00:24 And Mike, the more that this happens,

00:26 the more I'm getting the sense

00:27 that sports betting is coming back

00:28 and the Hard Rock app is coming back.

00:31 It's not a matter of if, it's a matter of when,

00:34 but I just don't think we know when.

00:36 And it does seem to me

00:38 that there's a couple of more hurdles.

00:40 It feels like Wes Flagler and this group

00:41 are just trying to throw anything at the wall

00:43 to make it stick.

00:44 I think inevitably that app is gonna be up and running,

00:47 but I can't say it'll be this week, next week, week after.

00:50 If you had to ask me, Mike, 2024,

00:52 I would say the answer is unequivocally yes.

00:55 I do think sports betting is coming back in 24.

00:57 I just don't know what it'll be today or tomorrow.

01:00 - Right, Craig.

01:02 And that's exactly the question we've all been asking.

01:04 You know, we'll see what happens.

01:06 That's something that Hard Rock,

01:08 maybe it's talking internally.

01:09 Maybe their lawyers are saying one thing

01:11 and then the people that wanna run the book,

01:13 you know, probably wanna do it yesterday

01:15 because there's NFL season going on.

01:16 This is the time you wanna be up.

01:18 And so maybe the legal team decides,

01:19 yeah, let's get through all this casework, right?

01:21 We saw that this stay was vacated

01:23 by the Supreme Court Justice,

01:25 but then we saw Kavanaugh come out

01:26 and kind of give this equal protection argument

01:29 that they could use in the state court, right?

01:30 That the expanded gambling violates the Florida Constitution

01:34 and potentially some equal protection issues there

01:36 with betting on nine tribal lands

01:39 and then the compact giving the tribe exclusivity

01:41 for 30 years to offer sports betting.

01:43 Only the Seminoles and Hard Rock could do that

01:44 under the deal that was signed with the Sandison 2021.

01:47 So yeah, I mean, it's a wait and see thing, Craig.

01:49 We talk about it every week.

01:49 Sometimes we think, hey, it's not gonna happen

01:51 the rest of the year.

01:52 Then maybe now you feel like, well,

01:54 they could potentially go up.

01:56 Worst case, they'd shut down,

01:57 but they'd still have that exclusivity.

01:59 So maybe they're all right with that, or maybe they're not.

02:00 Maybe they say, we don't wanna shut down again.

02:02 The customer might be confused

02:06 as to why it continues to shut down.

02:07 Okay, let me go back to betting with my bookie here,

02:09 an illegal offshore operator.

02:10 So yeah, a lot of wait and see in Florida,

02:13 which we had more information,

02:15 but right now we're just still in wait and see mode.

02:18 (upbeat music)

02:21 [Music]

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