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silver oak casino free chipFormula One team Racing Point is shortly expected to announce the first-ever sponsorship deal between a stakeholder in the global motorsport series and a gambling company. (Image: Racing Point)According to sources who spoke to RaceFans.net, the team — previously known as Force India — has signed a branding agreement with Africa’s biggest sports betting company, Kenya-based Sportpesa.Racing Point was formed in 2018 when a consortium of investors led by Canadian billionaire Lawrence Stroll rescued Force India from administration.The deal is said to be worth million in its first year and million in 2020, with the possibility of a one-year extension after that, worth million. Having won his new term, the Cuomo was content for regulators to proceed.The regulations will now undergo a 60-day comment period, during which time the question of online betting will at least be raised.Failing that, there is likely to be legislation introduced this year in Albany that will advocate online betting, as well as authorizing wagering at the state’s racetracks and possibly elsewhere. It also believes enhancing gambling opportunities around auto racing will enhance fan engagement.Global Market PlatformFormula One is a truly global sports brand and — like EPL and La Liga soccer – will be a valuable platform for gambling companies looking to reach markets where it is difficult to find exposure through other channels, such as Asia.Having conquered Africa, Sportpesa hinted at its global ambitions when it agreed a shirt sponsorship deal with EPL club Everton in 2017.Formula One is not the only major auto racing series waking up to the sponsorship dollars available through gambling industry tie ins. Racing Point has a new black bear casino mn concertssponsor, but will it stick with pink? Both F1 and NASCAR have been waking up to the sponsorship opportunities provided by gambling companies this week. (Image: Racing Point)According to sources who spoke to RaceFans.net, the team — previously known as Force India — has signed a branding agreement with Africa’s biggest sports betting company, Kenya-based Sportpesa.Racing Point was formed in 2018 when a consortium of investors led by Canadian billionaire Lawrence Stroll rescued Force India from administration.The deal is said to be worth million in its first year and million in 2020, with the possibility of a one-year extension after that, worth million. blackjack casino in kolkata