Posts made in June, 2017

Investigation on fantasy sports betting conducted in Delaware

Investigation on fantasy sports betting conducted in Delaware

Reports from the Finance Department in Delaware have claimed that the state officials are to undertake a thorough investigation on the eligibility and legality of fantasy sports betting DraftKings and FanDuel. This comes days after Nevada classified daily fantasy sports operations under gambling with an immediate banning following until the sites acquire a gambling license. The sites have been advertised frequently on TVs and a client only pays an entrance fee with a possible win of more than $1 million in cash.

Delaware Finance Secretary Tom Cook claimed that they have been on toes with events that are unfolding onfantasy sport betting and with the ban imposed on them by Nevada, Delaware had to go deeper in verifying the reason behind the existence of fantasy betting in the state.

The ban on the sports in Nevada follows the entrance of employees to these sites and this indicated a higher possibility of match fixing and other irregularities of the sport. Nonetheless, fantasy sport industry have claimed to have introduced the sport based on skill not chance and this is allowed according to the 2006 Unlawful Internet Gambling Enforcement Act.

According to Daniel Wallach, a sports law expert based in Florida, the step initiated by gaming control board of Nevada will not get rid of fantasy sports betting in the State for good, but at least it has shown its capability and played its role in regulation of illegal sports betting in the state. He claimed that it has been evident that fantasy is typical to gambling and this would call for operational license just like all other sports betting and gambling sites have.

This coming week, the House of Representatives will undertake a voting process on whether to minimize daily fantasy sports websites in Pennsylvania which are played in the 12 casinos based in the state. It was claimed that FanDuel and DraftKings had recruited ananteroom firm in Pennsylvania. Nonetheless, the two firms have claimed that this is not real betting unlike many state heads sees it. The State Public Integrity Commission has claimed that the two firms who have retained their lobbying business in Delaware since 2002, have not spent not even a coin in lobbying businesses.

Read More

St Katherine Docks the new HQ for Smarkets

St Katherine Docks the new HQ for Smarkets

Heads at the online betting exchange Smarkets unveiled to their associates that they had two main announcements to make. Alongside its backers Passion Capital and Deutsche Telekom’s venture capital arm T-Venture, Smarkets claimed that it had acquired remote betting operator license from the Republic of Ireland. This prompted the firm to relocate its HQ to London which provides a convenient locality for controlling its outside businesses.

Following the recent review of gambling rules in Emerald, Ireland now joins the League of Nations that has taken the initiative of according operators with remote betting licenses. This will not only attract more investors in the nation but also boost the income from taxes from these betting firms.

The betting exchange firm claimed that its main objective would be having a centered market in Ireland and attract more clients with their new incentive of low commission rates. Clients with the firm will be accorded with a 2% commission to profits emanating from betting as opposed to 3-5% charge that is incorporated by other marketing firms.

The CEO of Smarkets Jason Trost claimed that it is their duty to award their clients with top class value and openness in their products and services. Their objective of expanding their markets in Ireland gives them an opportunity to award their customers with amazing market odds that are accompanied by a low commission charge of 2% which is very low as compared to other firms offering the same. He was eager to work together with Irish clients as well as having an idea of their main base.

Smarkets has been on the rise in terms of development. This year alone, it claimed to have more than 400% YOY and also stipulated that it would incorporate 75 more staff members who would be based in its new HQs in London.

Its new operational bas in St Katharine in London is a top-floor 10,000 square foot bespoke space that was designed by ThirdWay Interiors; a design company based in London.

Mr. Trost continued to say that the new base will be a source of employment to lucky UK populace as well as providing a strategic location for controlling all businesses happening in and out of the firm. This will be done before the conclusion of the Q4 of 2015.

Read More

UCLA Basketball star Dave Meyers demises aged 62

UCLA Basketball star Dave Meyers demises aged 62

It was a sad moments for the whole UCLA fraternity following the loss of star player Dave Meyer on Friday at his home in Temecula, Calif. aged 62. Meyer was part of the team that won the 1975 NCAA under mentorship of Coach John Wooden. He passed on after a short battle with cancer.

In his final season with UCLA the 6-foot-8 topped the score board for the team with 18.3 points and 7.9 rebounds a game. That season the Bruins recorded 28-3 winning margin. In a final showdown game pitying UCLA and Kentucky in San Diego, Meyer recorded a stunning 24 points with 11 rebounds as he propelled his team to a convincing 92-85 win.

He achieved the second best overall pick fate after the Lakers conducted the pools. He only came second to David Thompson who hailed from North Carolina State. He played for Atlanta Hawks by then but would later sign with Virginia Squires from an opponent ABA.

After being drafted in the new squad, Meyers became a man to watch in the league. He played alongside prominent professionals of that time such as Brian Winters, Junior Bridgeman as well as Elmore Smith. The four were later traded to Milwaukee Bucks in exchange for Abdul-Jabbar one of the historical legend NFL player who had three MVP awards to his name during the transfer as well as Walt Wesley.

After moving to Milwaukee, Meyers continued with his amazing form and averaged 11.2 points as well as 6.3 rebounds per game. Nonetheless, he would later retire from NBA four seasons later.

David William Meyers was born on the 21st day of April in 1953 in San Diego. He has left behind a wife Linda with who has been married to for the last four decades. The two were blessed with two children, a daughter Crystal; and a son, Sean. He leaves his mother, Pat as well as three of his brothers Bobby, Jeff and Mark. He has five sisters namely; Cathy Meyers, Coleen Lindsey, Ann Meyers Drysdale, Susan Meyers and Patty Meyers.

His sister Ann Meyers Drysdale followed his footsteps and in 1993, she was incorporated in the Basketball Hall of Fame as she played for UCLA women team.

Read More

Sports betting promotion in Australia to be put on check

Sports betting promotion in Australia to be put on check

Several clubs such as Essendon, Western Bulldogs and St Kilda has signed a deal that would eradicate betting promotion at the clubs and during match days in attempt to curb the influence of sports wagering among football fanatics. These clubs together with North Melbourne, Collingwood, Hawthorn as well as Melbourne Victory has signed the Victorian Responsible Gambling Foundation charter that is aimed at protecting bettors from betting associated hazards.

Stipulated in the charter, no club would allow any sort of advertisement on betting across its stadium. The Responsive Gambling Awareness week starts this Monday with Serge Sardo the chief executive at VRGF claiming that over 140 clubs based in Victoria have joined the campaign.

Nonetheless, having signed the deal, it was evident that some of its members still have poker machines in their locality. For instance, last year more than $22 million was lost by bettors in Hawthorn alone. St Kilda, Bulldogs and Essendon have had poker machines too.

However, Sardo claimed that this movement was not for the eradication of betting in the state but would aim at making sure that responsible and honest betting is conducted across all betting platforms. He added that it has been evident the crossing of the line by advertisement on betting which has reached a point of destroying the livelihoods of addicted gamblers. Nonetheless, he assured that the movement will advocated for responsive gambling in the state.

Minister for Gaming and Liquor Regulation Jane Garrett claimed that there has been an increase in the amount of advertising income by $44.5 million last year to record at $149 million. She claimed that the charter would be fundamental in educating bettors, fans as well as members of the hazards that are associated with betting.

The signing of the charter is accompanied by the opposition of the Labor government who claim that it has cut down the budget by $2 million which they claimed that was a way of underfunding the foundation. Opposition gambling spokesman Russell North claimed that this move has been attributing to the cutting of funds meant to accord assistance to addicted bettors and this is a negative aspect that inflicts more risks to bettors.

Read More

EU funds Integrity Education Programme

EU funds Integrity Education Programme

The European Union has decided to sponsor the joint EU Athletes and regulated betting sector’s pioneering player betting integrity education programme with a total of €488,305 that would see the programme run for two more years from Jan 2016 to Dec 2017. The programme was initiated after an association of RGA, EGBA and ESSA five years ago and these firms have claim to have extra amount in addition to the EU contributions.

The General Secretary of EU Athletes Jean-François Reymond, claimed that he was pleased to receive such a boost which forms the second time the EU has donated the funds to the programme. He added that their efforts are being recognized by various organizations with the firm having an objective of improving the educational practices to players as well as facilitating the well being of the #PROtechIntegrity crusade.

The EU Athlete will now concentrate on the development as well as implementation of five main ideas of knowing the rules, being conversant with the inside information, avoid personal sport betting, avoiding the offences of match fixing as well as report any apprehensive malpractices. This will be accompanied by the increased participation in the #PROtechIntegrity crusade with the aim of familiarizing the programme to a large audience based in different European nations.

The Secretary General of ESSA Khalid Ali claimed that the programme has been on the forefront in advocating for the effectiveness as well as genuineness in the betting and sports arena and having financial support from the EU and other stakeholders will propel the initiative to a larger extent.

Clive Hawkswood, Chief Executive of the RGA also added that the integrity and honesty of sports across Europe will only be achieved through cooperation between betting operators, European Commission as well as athletes associations. He was pleased to inform the audience that his firm will fund the programme for two more years with the aim of finding honesty in sports.

On the other hand, the Secretary General of EGBA, Maarten Haijer claimed that this programme educates young talented sportsmen and women on the risks associated with match fixing. He claimed that this is the main reason as to why they would fund the programme for two more years and may be a possibility of further funding at stake.

Read More

Recent Comments

    Always bet responsibly and never gamble what you cannot afford. Here at sports-bettingsites.com we support responsible gambling. If you think that problem gambling is affecting you and/or those close to you you might want to contact gamcare and if you want to gain greater gamble awareness you can visit gambleaware.co.uk for more information.