Revenue / 03.07.19
Greene Turtle is Leaving Capital One Arena. Could a Sportsbook Replace It?
Washington Post (03/07/19) Allen, Scott
The Greene Turtle sports bar in Washington, D.C.'s Capital One Arena reports it will close next month after accepting a lease buyout offer from Monumental Sports & Entertainment. The buyout sparked speculation that at least part of the space occupied by the Greene Turtle will be used for a sportsbook. The D.C. Council legalized sports betting late last year and granted four arena and stadium operators the ability to open establishments that pay out winnings on sports bets—including Monumental. Monumental Sports and Entertainment CEO Ted Leonsis said last year he could see his arena being a sports betting hotspot, even on days that no team is playing at the arena. "I could see someone comes here for lunch [or] someone gets here at 5 o’clock, they’re watching other games, they’re placing their bets," he stated.
Read the full article on the Washington Post website.
Tags: Sports , News , Venues