Good news to wagers in Canada is that they can now bet on single sports. This comes after NBA claimed that it will support the idea despite it going against Bill C-290. This was reported by the Canadian Gaming Association (CGA) said this week. Since the legalization of betting in Canada, Criminal Code in the country has always checked on the single betting and only allowed multi betting where punters collectively sum up their bets through provincial lottery operators. The main reason behind this was that more often than not, addiction would follow single betting as well as match fixing.

Advocators to this bill claimed that provincial lottery corporation would cash in millions of money; cash that would belong to the unlicensed offshore markets who by now are the only operators that have been providing for Canada’s kinkier betting requirements.

Multi-billion-dollar Gray Market

It has been claimed that more than $10 billion has been the revenue generated annually by single event betting. Hockey league games have generated income to more than 220 betting firms with another 120 Canadian Football league also generating income. The Canadian League is posted by more than 130 betting sites.

It was back in 2012 that the NBA opposed the bill claiming that it would kill off the affiliation between the league and its royal supporters.

A statement from the NBA during hearing of the Senate of Canada’s Legal and Constitutional Affairs Committee this week claimed that they are no longer bothered with opposing legalization of sports betting in Canada. However, their condition was that there should be the implementation of a suitable legislative structure that would safeguard the veracity of the game. This would however be based upon severe authoritarian obligation as well as technical safeguards.

NBA head Adam Silver claimed that the congress should put in place centralized structure that would give mandate to the state in giving authority in professional sports which would be subjected to stern requirements.

However, other main sport leagues based in North America have been flexible to the idea with C-290 still standing to be a long shot which has been the main basis in which punters in Canada bet on.

Law breaking will have consequences always. This was what Ladbrokes Australia and William Hill ‘click to call’ betting services found themselves into after it was apparent that the two betting firms had violated gaming laws. This prompted the law makers to task The Australian Communications & Media Authority (ACMA) to conduct through investigation on the two betting firms. The investigating company later would hand over the investigation to the federal Police.

Back in May, ACMA was tasked with conducting an investigation to the two betting firms with focus based on the mirror live/in-play betting an illegal way of betting that was against Australia’s Interactive Gambling Act of 2001 (IGA 2001).

However, ACMA was forced to withdraw from the investigation and hand over the task to Federal police as it claimed that this was a ‘click to call service investigation and hence it would fall under local jurisdiction thus giving mandate to the Federal Police investigation. This made ACMA distance itself from the case and could not even give advices on the same.

The rules were very clear that anything that would involve irregularities of internet gambling that is based locally in Australia, the ACMA could not intervene. The company claimed that such crimes should be handled by local enforcements and in this case it would be the duty of local Federal Police to take up the role.

Another role that ACMA can play in this category is to report AFP any sort of local proscribed internet gambling.

‘Click to Call’ feature basically involves a situation where a client is in a position of communicate directly with operators in the other end of the wire through microphones that are connected in computers. However, this would only work when a client is live betting. In essence, once a client chooses his or her preferred teams to bet on, it would be now the duty of live market teams to complete the processing.

On the other hand, the two betting firms had earlier stipulated that the new feature was legal since it went along as per the provisions of the IGA 2001 policies.

From time to time market updates are revealed to the public who seeks to know how their respective firms are performing. The current update brought about by frank Xetra claimed that bookmaker Mybet Holdings SE has made a substantial step in making a full completion of the funding which is believed to be worth €5 million (£3.5 million). Frankfurt Xetra claimed that the bookmaker was able to make a full detailed completion with the help of its convertible bond loan placement which attributed greatly.

At the same time, the respective heads at Mybet Holdings SE claimed that they were to make things more understandable to the public and continued to specify on the fundraising round by saying that their main operator would take up the initiative of paying 6.25% interest which will be added on top of the €5 million (£3.5 million) that was collected.

The Germany based bookmaker further added that all the funds raised during the event was subject to the oversubscription. The firm claimed that their outstanding debt would be cleared soon where a total of 50,000 debt owners will be accorded with a standard value of € 100.

The process of the initiation of the fundraising was earlier revealed in November the heads of Mybet. They claimed that the main purpose of the fundraising would be coming up with the required cash to clear its debts. This comes in moments where the firm had been faced by serious catastrophe of losses which amounted to -€ 4.4 million. The firm had earlier stated that the main reason for the losses would be attributed to the server downturn that had resulted from the poor performance in the number of clients being involved at the bookmaker.

Despite clearing the outstanding debts, the mybet governance claimed that the remaining amount will be used to improve the firm especially in various operators’ infrastructure platform. This would be crucial in the aspect of broadening its product horizons.

CEO of Mybet Holdings Zeno Ossko claimed that their main investors have shown an optimistic feedback on the issue of their campaign and strategies. This has resulted to the long time as well as new investors incorporating the convertible bond which was the key aspect in formulating different ways to curb their loss problem. He concluded by saying that he was pleased to oversee new investors in the firm and this clearly showed that his company was on the right track in the maximization of profits.

William Hill again has extended its betting channel capabilities and has included another feature on its retail betting TV shop on the premises called Inspired Virtual Sports service.

The TV channel that is now broadcasted in the more than 2,000 locations of William Hill across the United Kingdom has upgraded its digital platform and is now available online and also on mobile devices. There is an additional feed that is available for the players through WilliamHill.com runs from 5pm in the evening to 10pm at night. Some of the added feeds include Inspired’s Rush Greyhounds, Rush Motor Racing, Rush Cycling and Rush Horses. William Hill is now broadcasting US Horse Racing and Racing Post Greyhound TV on the same feed it is broadcasting Virtual sports. It has gone ahead to provide an audio coverage for Irish and UK horseracing.

William Hill is in the forefront in supporting the omnichannel delivery as in the Betting shop TV it gives players the ability to bet in any event and platform available and have their winning settled at the instant that event is completed. Through their Omnichannel Director, Mike Jones,he said that they are committed in giving players and creating an enjoyable and memorable experience to their customers at all time and in the best way they can. He added that William Hill was delighted to be working with Inspired in this and other omnichannel features as he said that the Betting Shop TV has proved to be of great importance to their customers as well.

Inspired sports seemed positive and optimistic on their venture with William Hill through the words of the companies Virtual Sports SVP, Steve Rogers.He said that they were the delighted to be associated with William Hill, a leader in gaming and were thrilled that they were the first option in which William Hill chose on the move to Omnichannel content delivery from multichannel. He further added that this could be a start of a great business relation between the two companies. The partnership is seemed to be taken well by both parties and William Hill customers can now get access to the Betting Shop TV feeds through an Omnichannel platform an upgrade from the previous multichannel method of delivery.

The mixed martial arts (MMA) fight between Aldo and McGregor that is scheduled on   Saturday July 11 this year is said to be the most anticipated fight of the year and will be held at MGM Grand Arena in Las Vegas. The fight will be between Jose Also Junior, who is 28 by age and a Brazilian origin a featherweight champion against the Dubliner Conor McGregor who is nicknamed “The Notorious”. This fight has received much attention by the public and media as well all over the world.

Las Vegas is again in preparation to host another grand event after the boxing mega fight between Manny Pacquiao and Floyd Mayweather. The arena is prepared to host individuals to attend the fight between the two UFC fighters who are at the hearts of their nation. In the media tour, it was evident that McGregor constantly taunted Aldo and the stakes for this 189 fight could not get any bigger.

This week, the president of UFC Dana White told the media that at this moment the fight was getting over a million in the Pay per View buys and had great believe on the fight breaking UFC records on the PPVs. White’s comments where backed by Unibet, a European bookmaker and UFC’s official partner saying that it was possible that the fight would break records in the UFC arena due to the early activities involving the fight. Unibet further added that at this stage, it had seen 63% of the bets placed on Aldo winning the fight although the average wager in on McGregor and thus more many was staked on the Irish fighter.

Unibet added that the fight is expected to be a close one as reflected by the odds but said that Aldo is expected to edge it because of experience. Each of the fighters has their strengths that will push the fight in their favour and therefore more is needed to win this. The odds on Aldo by Unibet are set as 41/50 while that of McGregor set at 10/11. McGregor has a good TKO winning method (6/4) and thus a good striking ability and Unibet have Aldo by decision (5/2) as he does enough to win matches as seen in previous fights.