Reverend Al Sharpton Preaches to Stop Mobile Sports Betting in ColoradoColorado
Reverend Al Sharpton has actively conversed with Colorado Lawmakers to prevent the Centennial State from mobile sports betting. He is known as a civil rights activist, Baptism minister, talk show host and politician.
What Fueled Sharpton to Voice His Opinion?
Sharpton sent a letter to Governor Jared Polis, Speaker of the House Kathleen Becker, and several members of the Colorado Gaming Commission. He stated:
“As you are considering various types of stimulus to deal with the impact of the Coronavirus, I sincerely hope you will consider the following. I write to you to express serious concern for the hasty move to legalize mobile sports gambling in Colorado. Even a cursory look at the parties pushing the legislation gives me pause about the wisdom of the legislation and it should give you pause too.
“Online gaming in Colorado will inevitably attract unsavory characters who profit off of job loss. That’s almost a given. But in looking at who specifically benefits from the legislation, it’s difficult to understand why the state would want to reward bad behavior. Out-of-state hedge funds with long records of mass firing and shady dealings have come into the state to capitalize on mobile sports betting and based on their track record – middle class workers and minorities will be the first to be negatively impacted. My job is to spot those problems before they occur and to speak up about them before it’s too late.
“You don’t have to look any further than Rhode Island Island-based Twin Rivers to start understanding the harm and the forces at play.”
Colorado sports betting was officially legalized in November 2019, allowing operators to offer both mobile, desktop and land-based sports wagering. State regulation is projected to officially introduce sports betting on May 1.
Sharpton Backs His Statement Blasting Rhode Island’s Twin Rivers
Sharpton continued to use Rhode Island’s Twin Rivers as his fuel to his argument, targeting Soohyung Kim, a New York-based hedge fund manager who recently purchased three Colorado casinos.
“Twin Rivers has a long history of failing to support its employees and Kim and his fund, Standard General, has a long track record of investing in deals that have caused mass layoffs for workers – especially workers of color. Whether it’s the 6,000 people who lost their jobs at RadioShack or the 2,400 people who were fired at American Apparel by Kim's mismanagement and disregard for working class people, Standard General does not seem like the type of company Colorado should automatically entrust with mobile sports gambling.”
Reverend Al Sharpton has a strong opinion regarding the Kim’s backing of the sports betting future of Colorado. The question is the extent his words will affect both the workers of Colorado as well as legislation of the state.
“Colorado needs to pay full attention to who is profiting off this new law to legalize online betting – otherwise, jobs will be lost.”