Posts made in February, 2016

Senate wrong on sports betting

Senate wrong on sports betting

Senate has now eradicated Bill C-290. This bill which was agreed by the senate and the House of Commons claims that betting sites would be allowed to legalize the betting of a single outcome event. The bill was first initiated by Windsor New Democrat MP Joe Comartin in 2012 who was the Minister of Federal Justice. It was later to be seconded by Conservative MP Rob Nicholson. It would later emerge that no one went against it and it went through unopposed.

The fact that bettors could merge two events and wage on them made Americans cross the border to Canada to have this opportunity and due to this two betting sites namely; Casino Niagara and Caesars Windsor took the chance to initiate the service for the incoming American visitors. In turn the process would generate huge revenue for the government as well as creation of job opportunities for the Canadians.

Moreover, the provincial governments have initiated a plan where they would deter the acquisitions of cash to organized crimes that is emanating from the unlawful betting on sports.

It has been claimed by the Canadian Gaming Association that more than $40 billion has been conducted via online or by individuals for the last three years since the this bill was passed by the senate in 2012. The CEO of Canadian Gaming Association Bill Rutsey claimed that the stories have been highlighted several times by the media. He gave an example where a police officer was detained when he involved himself with mafia bookmaker on illegal betting. He added that there was evident co-operation between Hells Angels and the Platinum Sportsbook bust from Super Bowl 2013. By this he meant that the beneficiaries of the illegal betting is not the government but rather gang sections as well as offshore operators and these don’t have a regulatory licenses to operate.

Implying on these happenings, the senate would have rather voted for the bill which has foreseen the government lose a lot of revenue from taxes and this would lower the economic growth of the nation. Generally it was a wrong idea for the senators who in turn should not be elected back to the parliament come the elections.

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Bet365 Australia deploys controversial ‘click to call’ live betting mechanism

Bet365 Australia deploys controversial ‘click to call’ live betting mechanism

It is claimed in the 2001 Australian Interactive Gambling Act that ‘click to call’ service is against the law. However, this did not hinder bet365 based in Australia in initiating the service. This comes even it is clear that the service has brought in a lot of controversies and has prompted the federal police to undertake a thorough investigation on the matter.

Bet365 becomes the third Australian based betting company to activate the project after Willian Hill and Ladbroke Australia had earlier opened the service to their platforms in April. The three betting firms claim that the service falls within the jurisdiction of the 2001 Australian Interactive Gambling Act.

The so called ‘click to call’ service is designed in a manner that a gambler can activate his microphone where he can have a conversation with betting firm’s agents who would in turn place a bet with clients authorization and on his behalf.

The three UK betting companies belief that the service will act as a telephone conversation between a bettor and a betting agent from which they claim would not have violated in betting rules. However, national operators argue otherwise as they claim that the service which has been offering clients live betting as a breach of law.

This prompted the Australian Communications & Media Authority (ACMA) to review the rules and in end it handed the investigation matter to the federal police who would have the rights to conduct the investigation and get the real evidence.

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NBA Spend a whopping $1 Billion on free agency on the first day

NBA Spend a whopping $1 Billion on free agency on the first day

The National basketball Association team spent more than $1 billion on the first day of the free agency which was on Wednesday 1st July.

A host of contracts were handed out to the free agents. Cleveland Cavaliers owner Dan Gilbert led the way on this first day. By the time it was 7 pm, the NBA had committed to more than $1.1 billion for players who hit the open market. This amount does not amount for the $145 million given to Anthony Davis for the five year contract with New Orleans.

Among the biggest contracts was that of Kevin Love amounting to $110 million for him to stay in Cleveland Cavaliers for another 5 years. To some extent, it felt like the Loa Angeles Lakers and Love had been meant for each other, after he opted out from Cavs’ contract.

Earlier on, Love sent a comment through the Player Tribune site citing that there were rumours of the free agency but he believed Cavs was his place after meeting with his teammates and that he had unfinished business and it was time for him to go back t work.

Contract to Anthony Davis seems to be the biggest. His new deal of $145 million broke Kobi Bryant’s deal of $136 million in 2004. On a year basis, Michael Jordan’s $33 million single season deal in 1998 still holds the record. Davis deal stands at about $29 million a year.

It looks as if the NBA teams are not yet done in their spending as LaMarcus Aldridge is still on his rounds making meetings with potential suitors. He kicked out the LA Lakers and New York Knicks citing that he was not impressed by their presentation on Tuesday night. In addition, he pointed out that Dwayne Wade was not decided on whether he was to return to Miami Heat.

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Everything you need to know about New Jersey’s pending high-stakes sports gambling ruling

Everything you need to know about New Jersey’s pending high-stakes sports gambling ruling

There would be a massive loss in the Atlantic City of New Jersey if the case advocates for the eradication of sports betting. The case has been going on for some time now and the moment of truth is about to unfold itself once the final ruling is done this month.

A brief history of New Jersey’s battle for legal sports betting

It started back in 1992 when sports league asked the Congress to pass the Professional and Amateur Sports Protection Act (PASPA) which claimed that no other state could legalize sports betting apart from Nevada which had initiated it before.

20 years later in 2012, New Jersey tried to legalize it but the sports leagues took a swift action where they forbid the act by moving to the court. In the first attempt, the state lost and this was the trend in the appeal case.

Since PASPA was unconstitutional, New Jersey went ahead in incorporating sports betting claiming that they were not under state laws but was governed by the federal laws. However, in 2014, Gov. Chris Christie claimed that sports betting would only take place casinos and racetracks.

What’s at stake?

If the state wins the case, it would promptly call for the strong partnership between Monmouth Park racetrack and British betting firm William Hill in incorporating sports betting for football which kicks off this September. In 2014, the total amount accrued from gambling was $3.9 billion with almost a half of this emanating from football betting. This explains why football is the most popular game in the state. It was followed by basketball with $1.1 billion with baseball coming in third with $722 million.

Why is the NBA suing to prevent legal sports betting if Commissioner Adam Silver has come out in favor of it?

Adam is for the sport betting legalization. Actually he demands the eradication of PASPA and the full control of gambling market be accorded to sports leagues and law enforcements. Some even argue that Adam wants some backing from other commissioners in attempt to eradicate sports betting.

The losing side can appeal the case but it would take a long time as it involves all 23 panel judges’ consideration unlike the three who would make the final call.

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A new deal signed between William Hill and Featurespace for data and Compliance

A new deal signed between William Hill and Featurespace for data and Compliance

A deal was signed between Cambridge based risk management data and compliance solutions firm; Featurespace and William Hill. This new deal will see William Hill and Featurespaces come up with a range of sophisticated machines learning analytics and expertise in the technical field as a way of interpreting and achieving greater insights for the consumer.

The approach employed by Featurespace will automate their processes to reduce the oprationsl costs as they gain the information from their customers. Operators in the betting sector make use of their management solutions to build long term and healthy customer relations.This is a unique way that will make it possible for them to maximize the revenue growth and lowering the risk in the business.

The Founder and CTO to Featurespaces said that through their working relation with William Hill team was a great experience and that they were impressed by the commitment they had in making their customer experience better. David Excell pointed out that this was the first announcement they have and more were on the way regarding their roll out for the Featurespace’s analytics.

The innovation director at William Hill mentioned that they team was pleased with the partnership and that they are always looking out for this kind of partnership that will bring innovation and improve their gambling experiences for their customers. William Hill is proud to have the implementation of the new analytical approach.

About William Hill Casino

William Hill for long time has been in existence offering betting services through their land-based betting shops. Thanks to the internet, they decided to showcase their services to the world through their online betting sites. They have led the rest in adopting innovation to their products and working at making their customers every step of the way. With this new partnership we hope to get world class betting services and more features added to the betting platform.

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