Please provide the information he sold for "a piece of the action". Or , whatever that means.
Many think Gural OWNS Pinky Downs, he doesn't, he has a lease for a specific time frame. Gooooofffrrrrraaa
allllllll was awarded a license to run a Sports Book operation by the state of NJ. Meaning Goooooofffffrrrrr
raaaaalllllll would have assumed all the risk and profit much like Vegas does with their sports books.
Goooooffffrrrrraa
aaalllll declined and it is my understanding Goooooofffffrrrrr
aaaaaallllllll didn't want the risk or associated costs with the Sports Book operation at Pinky Downs. So he sold that license to Fan Duel (basically he auctioned it off to the highest bidder), received payment for the license and then gets a % of the profits that were agreed upon at the time the license transfer took place. Fan Duel pays the state of Knew Joerrrrssseeeyyyy taxes and so on, not Goooooffffrrrrraa
aaaalllllll Inc concerning the Sports Book operation.
Hopefully this makes things fairly clear to you Gooooofffffrrrrrr
aaaaaallllllll Ass Kissers