Online Casino News From Around the Globe

Gov. Chris Christie Urges President Trump Not to Support Anti Online Gambling Calls

Attempts to reintroduce the Wire Act via the RAWA legislation have been thrown around for the last few years ever since Sen. Lindsey graham and former Rep. Jason Chaffetz introduced the idea. Critics blame Las Vegas Sands CEO for using his influence in the Republican Party as a major political donor to push his own personal agenda which is a fierce anti online gambling stance. On the other side of the Republican spectrum is the likes of New Jersey Governor Chris Christie who is one of the staunchest supporters of online gambling both in the Garden State and beyond. He has led the battle to allow New Jersey the option of offering legal sports betting in the state and this is still ongoing in the courts. Christie has largely been responsible for the revival and recovery of Atlantic City where casino play a vital role on the economic recovery. Last week Christie put his signature on a bill which urges President Donald Trump and his administration to oppose any legislation that would prevent individual states from offering regulated online gambling. The resolution was introduced in January by Rep. Vincent Mazzeo and is intended to show the President the key role online gambling has played in the revival of Atlantic City. The RAWA Act is aimed at reversing the 2011 US Department of Justice’s opinion which states that the Wire Act only applied to sports betting and did not prohibit other forms of gambling like internet gambling. Mazzeo’s resolution is expected to carry weight as there is not much political appetite from Republicans to get involved in individual states affairs regarding online gambling, Added to that is the very real revenues that internet gambling have generated for New Jersey which as of June this year are $121.4 million which is up $26.6 million from the same period last...

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NBA Commissioner Believes That Sports Betting Ban Will End In A Few Years

The debate as to whether to legalize sports betting in the U.S. or not is considered but by many as irrelevant as facts on the ground will ultimately dictate what legislators decide to adopt. Everyone knows that billions of dollars are being wagered on illegal sports betting and this money could easily generate millions in tax revenues if it were to be legalized. The hypocrisy of the major sporting bodies like the NBA, and NFL have been documented by our team over the years. While on one hand they voice fears of how real money gambling will affect the integrity of the game but on the other hand they are quick to sign multi- million deals with the largest daily fantasy sports companies in the market which generate hundreds of millions in competitions. One of the strangest flip flops is that of NBA Commissioner Adam Silver who in recent years has advocated a policy of pragmatism in light of the reality on the ground. Once again in a speech at the Paley Center in Manhattan yesterday, Silver stated that the NBA would embrace gambling if legalized. His colleague Rob Manfred of the MLB and Gary Bettman of the NHL were not supportive of the legalization, at least in a public way. They believe more in the “go slow” approach as they are worried about the impact legalized gambling would have on the actual game experience. Bettman believes that the atmosphere in a stadium will be vastly different if people are betting on an outcome of the game and not on the sporting aspect of the game. Silver with his pragmatic approach believes that hundreds of millions of dollars are being lost anyways and it is better to be realistic and tackle the issue by regulation sports betting.  He went on to say,” My sense is that the law will change in the next few years in the United States. It’s more a function of being realists. It’s a multi-hundred billion-dollar illegal industry in the United States. Ultimately, as the owners of the intellectual property, we’re going to embrace it.” He added that he is not worried about the concerns voiced over the integrity of the games as,” Research generally shows that fans are fairly sophisticated. They can both root for their team and virtually all the action. … They want to bet throughout the game. They’re betting on quarter scores, on particular players, and free throws. It results in enormous additional...

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PokerStars Pulls Out Of Colombian Online Gaming Market

We recently reported on Colombia being the first Latin American country to issue a regulated online gambling licence. This followed the publishing of a blacklist of operators which was aimed at giving local operators a chance to compete with illegal offshore operators. PokerStars have just issued an email to their Colombian players stating that they will no longer be able to play real money poker as of Monday 17th of July “due to local licensing requirements.” This follows the local gaming regulators enforcing their blacklist of operators. Players will still be able to enjoy free-to-play games in Colombia. In a statement PokerStars did leave the door open to return to real money poker in Colombia when the climate allows.  They said they have been, and will continue to be in positive and proactive discussions with Colombian officials and hope to resume activities in Colombia soon. Colombia’s gaming regulator Coljuegos published a list of 325 unlicensed online gaming operators. PokerStars were reportedly not happy with the regulator requiring them to have servers in Colombia as well as the inability to share liquidity with other jurisdictions. While Coljuegos have claimed that a regulated Colombian licensing system would bring in a lot of tax revenues to the government, many are questioning if large operators will also not be happy to comply with restrictive conditions...

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UKGC Issues Warning To Fantasy Sports Providers

Fantasy sports is increasingly popular with sports fans looking to have some fun but also earn some real money. As we have reported over the years the daily fantasy sports industry particularly in the U.S. is hardly small money and had paid out hundreds of millions of dollars to recreational sports fans. The amount of money being thrown around has of course also resulted in tighter regulations as many do consider fantasy sports nothing less than real money gambling. The UK Gambling Commission is aware of the potential problems of massive leagues paying out large sums of money and has just issued a warning to fantasy sports league organizers ahead of the start of the football season. They are warning organizers to ensure they conduct their operations within the regulations and not with a betting pool of players that would require them to obtain a sports betting license. The UKGC went to say that they do not want organizers to get “caught out by gambling law” and that organizers who operate their fantasy football leagues as a business will require a UKGC- issued pool betting license. The UKGC pool betting license covers all betting activities including fantasy football by which players stakes are pooled and payouts are calculated on the formula of dividing the total pool value by the number of winners. There is an exemption granted by the UKGC for privately run contests like office competitions. Here the only requirement to operate such a competition is to prove it is not being run as a business. The UKGC put emphasis on warning operators who advertise and encourage people to gamble on social media. Here according to regulations anyone promoting on Facebook or Twitter could mean they are running their operation as a business and could require a...

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Merger Between DraftKings and FanDuel Officially Scrapped

The proposed merger between DraftKings and FanDuel has officially been scrapped. This follows the Federal Trade Commission stating last month that they would block the deal as it is not in the interests of the public. The FTC believe that DraftKings and FanDuel combined would control 90% of the DFS market which would make it a monopoly. Industry insiders believe that this number is actually as high as 95%. In a statement released by FanDuel CEO Nigel Eccles he said,” FanDuel decided to merge with DraftKings last November, because we believed that this deal would have increased investment in growth and product development thereby benefiting consumers and the greater sports entertainment industry. While our opinion has not changed, we have determined that it is in the best interest of our shareholders, customers, employees and partners to terminate the merger agreement and move forward as an independent company. There is still enormous, untapped market opportunity for FanDuel, and we will continue to execute our strategy to grow our business and further expand the fantasy sports industry.” In a similar stamen DraftKings said,” We appreciate the continued loyalty of our players – it is you, our customers who have made this all possible – and we look forward to kicking off what is going to be our best NFL season yet.” The aim of the merger was to combine resources and to stop spending millions on advertising campaigns that compete with each other’s products.  Both DraftKings and FanDuel have defended the planned merger and said that it would not result in a higher price for customers. They went on to say that regulators were pursuing “an unnecessarily rigid and uninformed application of the antitrust...

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