Legalizing sports betting would pull sports betting out of the black market and shine a brighter light on the industry. In turn regulators can follow point spreads, over/unders and other data to gauge the movement of the lines to ascertain if there has been improper influence or even potential point shaving. Other control protocols could include requirements such as licensing of betting operators, minimum-age verification, technology to ensure betting is available only where it is legal and systems to educate the public about the risks of gambling. All of this enables regulators to investigate, pull games off the boards, and find offenders easier. Gambling on sports would be much easier to regulate if completely above board and taxed to benefit the population at large.
“The MONOPOLY MILLIONAIRES’ CLUB” TV game show is a great show,” said Doreen Riccio about her experience. “I hope you are on for many years with high ratings!” Riccio expressed her gratitude in writing and said, “…the entire staff of the New Jersey Lottery and Scientific Games were incredible and I had the most joyous and significant time in my life and I will have it in my memory banks forever and ever.”
“Most gambling now is off the books, it’s you know at work and bars and at homes, so if we did it legally, the state of New Mexico could tax that a little, tax base,” said Larry Montano, a local sports fan. “The ultimate outcome of the New Jersey case will have an impact nationally,” said Alfred Mathewson, University of New Mexico Law School Co-Dean and Professor of Law. The American Gaming Association said on the last Super Bowl Americans made $3.8 billion in illicit bits, 38 times greater than the total bet legally.
Betting on sports fantasy teams is becoming big business. This past weekend, the first week of the NFL regular season, Bloomberg Business reported that twice as much money was brought in by DraftKings and FanDuel than the expected take from all of the Las Vegas sports books combined. Year to date, estimates DraftKings has spent almost $100 million and FanDuel $30 million on national TV advertising. And those ads are being viewed by millions of Washingtonians who legally can't participate. When users sign up, they are given a warning that their accounts are restricted and can only play games where no prize money is given out. The TV ads often promise payouts of up to $1 million.
With the move, the Commodity Futures Trading Commission (CFTC) has now clearly demonstrated what it hinted at in 2013—that it will go after Bitcoin-related companies that do not register with the agency and do not comply with federal law. In a statement, CFTC Director of Enforcement Aitan Goelman said, “While there is a lot of excitement surrounding Bitcoin and other virtual currencies, innovation does not excuse those acting in this space from following the same rules applicable to all participants in the commodity derivatives markets.”
“Shadow IT” refers to the cloud applications that enable users to provision their own tools. This compromises the integrity and security of the internal enterprise IT system.
Social Gaming pioneer Zynga is targeting Mobile Social Casino Gaming as the growth driver of the industry.
Prohibition of sports-betting has become the modern equivalent of the 1920’s prohibition of liquor. Regulation and taxation of gambling is the responsibility of the states in all categories except sports-betting. The federal government should recuse itself from the regulation of sports-betting just like it did from the regulation of liquor.
In an order filed Tuesday, the U.S. Court of Appeals for the Third Circuit asked the National Collegiate Athletic Association and the country’s major sports leagues to file briefs in response to the state.  Judge Marjorie O. Rendell, who issued the request for briefings, gave the NCAA and the leagues 14 days to respond. That the court would even ask for briefs from the opposing side suggests it is poised to grant a rehearing before the full circuit, said Daniel Wallach, an appellate expert and sports attorney with Florida-based Becker & Poliakoff.“  New Jersey’s chances, under any measurement, received a significant boost today because these things usually just get swiftly denied,” Wallach said.
Gaming revenues for New Jersey-licensed online gaming sites were totaled $12.2 million in August, compared to $10.5 million in August 2014. Year-to-date online gaming win was $96,723,723 through August, up 15.6 percent from the $83,668,485 during the same period in 2014. Year-to-date online poker revenue, though, fell to $16,190,596 from $21,074,132. Industry insiders predict Garden State online poker will receive a serious boost if and when Amaya Gaming, the owner of Full Tilt and PokerStars, gets licensed. Land-based casino gambling continues its decline in NJ.
CEO Lightbody: “It’s time to really focus on our vision as an enterprise, which is to make gambling widely embraced as an exceptional form of entertainment for adults.” He discusses the new strategic partnerships that are helping BCLC generate record profits.
In a statement to CNBC, the company said: "PayPal is launching a pilot program to support four leading real money gaming (RMG) operators to offer PayPal as a way for gamers to fund their online accounts with these merchants. We are launching this pilot now that we are able to fully comply with the evolving laws surrounding RMG in the United States as well as the requirements of our payment partners. As a global payments provider, PayPal's goal is to give people safe and simple ways to pay for the things they want, so long as we can comply with applicable laws.".
“We hold that the district court correctly dismissed the plaintiffs’ complaint in CACGEC III because the U.S. Department of Interior (DOI) and the National Indian Gaming Commission’s (NIGC) determination that the ‘Buffalo Parcel’ is eligible for class III gaming 7 under the Indian Gaming Regulatory Act (“IGRA”) was not arbitrary or capricious, an abuse of discretion, or in violation of law. We further hold that Congress intended the ‘Buffalo Parcel’ to be subject to tribal jurisdiction, as required for the land to be eligible for gaming under IGRA,” the justices wrote.  “Naturally, I am disappointed,” said Joel Rose, Citizens Against Casino Gambling in Erie County co-chairman. Rose said his group will meet with their legal team before deciding if further legal avenues should be explored. “There’s still the (U.S.) Supreme Court,” Rose said.
The majority of our integration activities are now complete, including our consolidation of Gaming manufacturing in Las Vegas , the cross-training of our Gaming Sales teams, and the establishment of our global corporate headquarters in Las Vegas. Our mission is to empower you, our customers, by creating the world’s best gaming experiences. Read More –
Lottery Executive Director, Rollo Redburn, said “We are excited about this new partnership with Walmart and about the additional selling locations that will now be available to our players.” Redburn continued, “This partnership, along with Powerball changes in October, should help us meet our mission to provide additional funds for Oklahoma education programs.”
Pro football was the nation's most popular sport, and the highest-grossing, long before there was a fantasy sports version. But it wouldn't be nearly as popular or financially successful without it. The reason: Fantasy fans put together a hypothetical team of real players from teams across the country, and that's changed the way people follow the sport. It used to be that NFL fans mostly paid attention to local games, tuning into big, nationally broadcast games now and then. Now every game -- even those involving last place teams thousands of miles away -- can be crucial to a fans' fantasy team. The upshot: people are watching a lot more football, making those out-of-town games more valuable to the league than ever.
The Federal Unlawful Internet Gambling Enforcement Act of 2006 includes an exception for fantasy sports that meet certain criteria, but a handful of state laws say fantasy football contests are "illegal if results are based even in the smallest part on chance." Tennessee is one of six states where residents are prohibited from winning any prizes associated with fantasy sports.
Georgia Lottery Corporation CEO, Debbie Alford, projects the amount of money the lottery will raise for the HOPE and Georgia Pre-k will exceed $1 billion next year. State lawmakers are expected to hear from members of the gaming industry as they meet for a second day at the State Capitol on ways to preserve the HOPE Scholarship. “We are coming off a very, very strong year with record proceeds,” she said. “We’ve had with the Georgia Lottery Corporation record proceeds every year but two years since our inception.”  While Alford wouldn’t comment on whether the lottery corporation would be in favor of expanding its duties to also regulate casinos,  she said "we stand ready to execute any responsibilities that they give us."
"Pollard Banknote is very excited to offer Corvette®—the epitome of automotive excellence—to our lottery clients. With hundreds of vehicular-themed instant tickets launched in the last few decades, automotive is a tried-and-true category that consistently performs well at retail," noted Sina Aiello , Pollard Banknote's Vice President, Marketing. "The quintessential luxury sports car, Corvette® Stingray™ is an ideal aspirational prize that will appeal to car enthusiasts and lottery players alike. Corvette® also offers a robust licensing program with premium products that mirror the superb craftsmanship of the Corvette® brand and will be great for second chance prizing."
In a statement released to the Hong Kong Stock Exchange, where shares of Wynn's Chinese subsidiary are publicly traded, Wynn Resorts said Dore "owes no money to the company and continues to operate at Wynn Macau."  In an interview earlier this year, Wynn Resorts Chairman Steve Wynn said the junkets that bring gamblers to his company's two Macau properties were cleared by Hong Kong law enforcement officials.
The good news is that the candidates who fully support Sheldon Adelson’s constant calls to prohibit online gambling (RAWA), or have publicly voiced their opposition to online gambling, aren’t doing very well in the polls.
“Illegal sports betting is reaching new heights of popularity in America,” American Gaming Association President and CEO Geoff Freeman said in a press release. “It’s clear that a federal ban on traditional sports betting outside of Nevada is failing.”
So what to do about the offshore cowboys? There is a simple fix, enforce the law. The Interactive Gambling Act makes it illegal for offshore companies to offer casino-style games to Australians online. However, what has been missing is any form of compliance regime and action designed to discourage these foreign companies from conducting business in Australia.  So, the review needs to find ways of strengthening our enforcement regime. For example, it could recommend that Australia follow the lead of some United States jurisdictions by blocking financial transactions for illegal operators. Stopping dodgy operators from collecting money from Australian punters would go a long way to shutting down these operations, said Anthony Ball, executive director of Clubs Australia
“This bill would provide that its provisions would become operative only if the federal Professional and Amateur Sports Protection Act is amended or repealed to allow sports wagering in California and a state constitutional amendment to authorize sports wagering has been approved by the voters.” So while it’s interesting that California is eyeing the potential sports betting market, the state is hardly unique in this regard, and several dominoes would have to fall before sports books start popping up, even if this bill is passed.
Popular daily fantasy apps DraftKings and FanDuel are now available on Android. On the eve of the NFL season, Google quietly approved two daily fantasy apps in what appears to be a reversal of its longstanding ban on apps that enable gambling.
“Let’s just call it what it is. Americans love to bet on sports,” said Joe Asher, chief executive of sports book William Hill’s U.S. operations. “They both drive interest in the games and they both should be legal, and taxed and regulated.”

EL Congress 2015 in Oslo, Norway "Touch Tomorrow" Photo Collage

EL Congress 2015 - DAY 2 - PHOTOS in Oslo, Norway "Touch Tomorrow" Photo Collage



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