AUDIO: Gary Parrish on legalized Sports Gambling possibly coming to Tunica soon (5/14/18)

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Monday, May 14th

AUDIO: Gary Parrish on legalized Sports Gambling possibly coming to Tunica soon (5/14/18)

00:17:18

Transcript - Not for consumer use. Robot overlords only. Will not be accurate.

They Supreme Court ruling that could soon at least theoretically. Bring sports wagering to all fifty states nobody is expecting all fifty but I did see one expert on the subject earlier today. Purged picked then 32 of our fifty states. We'll have sports wagering within the next five years the pressure on amateur sports protection act of 1992 it has been repealed. The Supreme Court ruled it unconstitutional like I said by CeBIT two vote in Mississippi gaming officials. Have already announced that sports wagering is going to be in Mississippi for our purposes to Annika. May be as early as 45 days from now yeah but definitely before the start of football season. What I don't think some people realized before today and may be don't realize that even at this moment. Mississippi actually legalized. Sports wagering last year or they just removed and it did what they just removed the part that made it illegal now from. The law last year but there was still this federal law that prohibited him from doing. But they were just getting ahead of the game so that win this day happen boom they're ready to go out ago they don't have to vote to legalize sports wagering in Mississippi it's already dark. And so now they are going to be able to expedite the process and again could have sports wagering in Mississippi and assists 45 days but they have said. That is going to be here before football season one way or another so this is significant news before today. Sports wagering was available in Nevada obviously because Nevada was grandfathered in but now any state that wants to have sports wagering can have it. Again to be clear not every state we all. But as they state if you want it and you can now habit and I suspect a lot will. Again one expert estimated earlier today 32 of the fifty will within five years and the main reason is because the estimates are that. There's no way to know this for sure but it is oh. A widely circulated estimate that a 150. Billion dollars every year. Is bet on sports in a black market. In other words. In overseas illegally in the bookie with your local bookie now it just bet bet in some form. There's a 150 billion bet on sports every single year illegally in this country. So you can see why states would want to get in on this especially Mississippi where casinos. Especially to wicca. Have been struggling for a lot of different reasons and that's the best part of this I guess for our market is that it could help to Annika if they build great sports books. Sad that people wanna go through party if it should increase foot traffic it. And then here's the way it works people go their title as it courts. But they end up playing blackjack or craps or video poker because gamblers are gamblers people who like action like actually you're there while you're waiting for the games is starting gon hit crap they what I most sports books in Vegas. Like they will have video poker machines at the very least inside the sports book ya know again degenerates are degenerates it's actually a front camera watch these seven football game that also played Max bet. Video poker nonstop you. The bar at the bar so it will increase your blackjack players great little greatly increase your video poker players and a it'll increase your gamblers in general. It at least in theory but again. They've they've got to build them right right they do and what I mean is. Like turn them into places where mostly men right because most gamblers on sports army in. Out where me and want to be so what does that mean. It means an awesome bar and it means a whole bunch of gigantic TV. It it means. You know it even I think. You know in boosts your own private. TVs now you can control them put them on whatever you wanna reserve seating maybe and it used absolutely do that big tables awesome food. Now as we're being honest girls hot waitress girls like guys like that as soon. You know not every you know not even guys who don't. Oh who aren't. Naive enough to think that they're going home with a waitress right sometimes you do. But. Like did you guys just like being around how girls think it stated it's it's as true today as it ever what guys like being around high girls have a hot girls working there. Make it into a place where people want to go up because otherwise. You would still be asking people to do something. That they can't at this moment. Do. Illegally. But easily. Right on the phone. Right on the from. And that's why I think another key to this is actually making online betting a thing and the gift and establish account put a deposit in. Whether the cash deposit or if there accept credit cards I think there's different arguments. But that. The one argument of accepting credit cards would just be we're trying to get as much money as we can get like we're running a business right at people wanna gamble on their credit card let him gamble on the credit card now. The argued against it would be. You don't wanna send people into incredible credit card debt. Because of gambling addiction time that's so maybe we can do it just like I don't know if your bottle lottery ticket here in Tennessee but you cannot. Swipe a credit card on like if you go into a convenience store. And you wanna grab a diet Mountain Dew and a cute cat and a lottery ticket. You can pay cash for all of it obviously but if you wanna put the key Katmandu a credit card you gotta pay cash for the lottery tonight other because the fear I'm assuming. And never looked into it but I'm just assumed it would be you don't want people getting credit cards and then just a load among the lottery tickets 1800 that's off and so. I think what will fight is different straits we'll do it different ways. But I could certainly understand if they said we will only accept cash bit will only accept cash deposits. Into our online gaming. That probably that the more responsible thing to do even if it does cost you business. I don't care to try but I do think big big as long as they have only game that you have all my if you do not have online gambling yeah. You're asking people to do something. Yes legally. Put that they can already do illegally easily. And ride on the phone right at their computer right on their iPad. And that's why I don't actually think this will affect my life too much. I enjoy gambling. On it makes sports more fun more interest. But. I enjoy gambling at my house you know I've got a more state television. I've got a multi television. Set I MIL I've got a bar in my home I've got a nice couch in my home. I've got. Everything that I would never want like if you told me on Saturdays during football season I can be anywhere it I guess I'd say just you know because of the crib I'm happy to be at home. A few more coming with me that's fine. Penner a New York. But out but I'm happy to just be at home. So I don't know how often I would go down there and lasts their words a group of people. I'm who wanted to go towards turning into an all day thing and that might be a thing. But. The convenience of just being able to place wagers on your phone is something that. I think. When that. Mississippi casinos go to this they've got to be Smart enough to understand we've got to make that an option as well as if you don't make that an option you are limiting. You war. Possible customers. By a significant margin because why in the world. Would lie. Given my car drive 25 minutes stand in the line park walk inside standard to do the same thing I can do without ever. But I can do if I'm being unsafe like all my drive home now. That I can do while I'm sitting on my counts on the you'll get you'll get. Party people who want to just go down there and in drink and hang out then but the average gambler in the year 2008 team is gonna go with convenience. And so you've got to make it convenient. You've got to have that where people can online. Wager as well let's be in the actual sports book. Wage rate and then again I think it's important make that sports book. Also cool that's going to be the key between the kit like everything if I were running one of the to a cooking over an am yeah I got had a meeting today yeah or maybe six months ago we're gonna be the best we're gonna have the best and a renewals kick this is party this is this is. He thing that can now separate us from other casinos we wanna have the best. Let's make sure we're the best time when people vote on these types of things let's make sure that they go that's the best and that's one of the best I've ever seen. Let's go out to Vegas let's look at the best out there and replicate them here. I am because this is the first thing in a why male. Where up. You're going to have a new attraction to try to bring people. Into the state of Mississippi. From Tennessee which used to happen in the early days of the casinos regularly but now happens. Far less often. And and certainly bringing people from all over the country happens far less often because almost no matter where you live now now there is a place. Take gamble near you within a few hours you went to America first became a thing. You know you you might lead six hours away until it goes to the closest thing for you. Well now if you have six I was wishing to Annika they are something closer than six hours to your and so that they've lost a tremendous amount of customers casinos closed. The personnel has been dwindled now. This is a new thing that you could attract people back the cynical wit so I'm gonna make sure if I'm in charge. We are investing in this thing and what's it cost of to build the baddest sports books in Mississippi because that's the one more bill yeah. When would people say blow this disk. Can I used to always roll my eyes will be was that cool would like. Two it is awesome just like Vegas no it's not it's nothing like Vegas if you've ever been to Las Vegas and you government to Utica to a guy is nothing like Las Vegas. But what you could actually do is make this room right particular part of your casino. Just like vague now in so make it as good as you can possibly. Make. I've heard a couple of different things today that I think are both. Questions a lot of people ask border are also overstate. And one was the impact. This is going to have. On local bookie. Like if you run a book and you know in your neighborhood at your ball crime you in a general area. That it's going to really put a dent in them and I just don't think that it will. Com and here's why. You can get a line of credit at a casino but most people can. Some can't and both kicked. Ball with most of your local books. You know you don't give anybody credit car and and you know again about a cash upfront in other words if you walk in a sports book at you wanna bet. Arm. You want make a hundred dollar wager on the warriors tonight are at plus one and a half you're gonna have to give them a 110 dollars cash through the give you a ticket. If you lose the bad. It's throw it away it's no good if you bet you take the ticket back and you won't get your hundred or you mail it back you get your 110 dollars back. Plus the hundred dollars you wince maybe two to two dollars back M. If I wanna make a bet tonight on the warriors. Plus one and half. For a hundred blocks I scored my phone I say I'm doing it and boom we're go. And I'll settle out of my guy when I got to settle LaMont. In other words I don't want to put cash in anywhere. I don't have to put credit card in anywhere. And so that's going to be an advantage that. The traditional sports books illegal sports books are still gonna have it over to the car anywhere else. Why would I go put a thousand dollars cash into Annika. When I got thousand dollars credit what my guide and I've been dealing with for awhile. Plus. If you win big and by the way you're not going to that's not the way this stuff works but if you happen to win big at some point. Into an agreement protectors on that with your local guy that you've been dealing with Trevor you're not no I mean you you should I should say you showed lead from. But you're not a RI and then also the local guys are going to be able to if they want to give kickbacks Bryant. Create all sorts of things that the casinos just probably aren't going to do and so I still think the guys who have been running successful sports books illegally in this country are gonna still be able to do that no problem in other words. They can have a fully. Opera rationing opera operational. Sports book into Monica where it all online gaming. And I'll probably just play in the same place a dimple. A damn I'll give an account may be ya but I probably just play the same place I'd implant and most people now. Who are interested in sports gambling in 2018 like you've got a place to play them very rarely does somebody does not have a place to play. I mean if you want to play and you don't have a place to play some what are your five best friend dies Mosher. I do. And so that would be. I don't think it's like. We're all well partly we can bet on sports didn't wanna bet on sports you. You've been doing it and you've got a way to do it what this might do is actually bringing new gamblers at the table right. But I don't think it or older people that they are as as sell phony like get my dad would ago perhaps yeah. And again you're gone if you go to and you go for the experience at a sports as a or party for that Thursday Friday of March Madness or. Now the Super Bowl whatever and a super wal I don't actually think this is the worst thing in the world for somebody who's been running a success all cancer are online right illegal sports book because I think most of their players are just gonna continue to play Bryant right where they've complied. And then I got. A note on FaceBook. Or somebody said so this is the end of Las Vegas is economy. And to that I would just say respectfully. There's just no chance of that not O should. And the reason is because Las Vegas became something other than a place just for gambling is a long long time ago that ships sail. It is a place where you can't gamble it is rooted in gaming. But people go to Las Vegas now. To go to law fake it people go to tunic and gamble people west Baptist gamble aren't people Las Vegas to go to Las Vegas. It's not just your gamblers who are in Las Vegas it's the hottest point three year old and a war yeah. They're able to spend up any gambling in Las Vegas. It's the pool parties it's the nightclubs it's the rest rots. Is the scene. It's that of vets up golf. Don't know anybody's flying all the way to Vegas for top golf but but the top Dobbin Vegas is always sent on as always we're fortunate to. The but think about Las Vegas. Is that. Yes the sports books are full and a put almost nobody is traveling to Las Vegas just go to sports culture. Nobody is going to Las Vegas just to gamble on sports again if you wanna gamble sports you can do it from your couch has been that easy for awhile to the extent that some might do what it's like. They were gonna biggest Super Bowl or go to Vegas for March Madness but if you're one of those people you're still go to Vegas for the Super Bowl is to go to Vegas for march Mattis. Am bottom line this we'll have no impact whatsoever on Las Vegas because Las Vegas is now built on. A million different things I guard before Kelly had ever been. And I was trying to convince her for the first time like they want to go with Yang is here it's fun. I go multiple times Eric I got at least once every year sometimes I've been through or five times a year. And I try to you want to go what it is here's a quick not like gambling or wanna gamble I'd like it did deal like awesome poll do you like the best pulled out ever sizes. What I like the best boss in the war aren't you like the best restaurants in the world. You like the best shows in the world. Do you like the best shopping in the world after all of that is in law of nature there is Jean genuinely no place on earth like Los Vegas. And that's good. But there's no place like. Sure and so this don't have I don't think any impact on Las Vegas at all. The people who still wanna go to Vegas for a week you know Vegas for a bachelor party Vegas to get married. Vegas for Geist Vegas for whatever they're still going to Las Vegas. I yes you can go you would now be able to go to a lot of places and inciting a sports book all over this country based on the Supreme Court ruling today. But there's only one Vegas and people are still gonna wanna go to Vegas they might pop and sports book while they're there and but there's still wanna be in Las Vegas and so the idea that this would be the death of Las Vegas in any way whatsoever I mean even the smallest ways. I just don't I don't think that's so at all.
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