Posts Tagged "Casino"

New Jersey Sports Betting fails their sport betting legalization bid

New Jersey Sports Betting fails their sport betting legalization bid

New Jersey has been hit by yet another setback on legalizing sport betting in the state after the Third Circuit Court of Appeals panel dispelled their appeal. It was on the 25th day of August when representatives of the State were faced with a dilemma which has been onto them for four years now after a jury of three judges of the U.S Third Circuit Court of Appeal dispelled their bid to allow sports betting in both casinos and racetracks.

This is a huge blow to the State which has no any other option of appealing the case but would rather engage the “en Banc” review which stipulates that the case would be tabled across a panel of 23 judges unlike previous cases where only 3 judges took part.

The main antagonizing issue calls for a clear check up on the plan of New Jersey in adding sports betting to casinos and racetracks and if it would go against the 1992 federal ban on sports betting that was referred to as the Professional and Amateur Sports Protection Act (PASPA).

New Jersey claims that its attempt to incorporate sports betting was to revive the demising horse racing industry as well as Atlantic casinos that are besieged. The passing of the law four years ago prompted the NHL, MLB, NBA, NFL and NCAA moving to the caught to sue the State as they claimed that the integrity of these sports would be disrupted through match fixing and corruption and moreover this would go against the 1992 Act. The court has since then made verdicts siding with the leagues.

If the State is not accorded with the “en banc” review, it can move further up to the Supreme caught but faces a wrath after their previous attempt in 2013 failed provided the Supreme Court of the U.S only allows 1% of the petitions. They may also antechamber the Congress in changing the federal ban but this may take years.

Sen. Raymond Lesniak (D-Union) the man behind the pushing of legalization of Sports betting in the state claimed that their only left option is the Third Circuit. He hopes that this may go through as he advocated for the passing of Sports betting legalization to the State four years ago.

Read More

New 360 Degree Solution by Scientific Games is aimed at revamping your Gaming World

New 360 Degree Solution by Scientific Games is aimed at revamping your Gaming World

Those in attendance during the 2015 Global Gaming Expo (G2E) held at the Las Vegas Sands Expo & Convention Center, Sept. 29-Oct. 1, will have firsthand information on how the firm is able to maintain the top spot as the top supplier of the industry’s devices, business products and solutions, lottery, system and interactive solutions. The Scientific Games will showcase its new bally, Shuffle Master, Williams, Barcrest as well as WMS products which includes gaming, interactive divisions and lottery for its audience.

President and Chief Executive Officer for Scientific Games, Gavin Isaacs claimed that his firm is exclusive provider of brands, solutions and other responsibilities to their loyal clients and this will be fundamental in showing their clients their ability to cater for their needs in their long term partnership.

On the other hand, Derik Mooberry who is the Scientific Games’ Group Chief Executive claimed that during the G2E 2015 event, his company will exhibit their vigor and commitment in bringing in trailblazing fresh cabinets which comes along with amazing slot and table games. This would be followed by the showcasing of how their bond brands have brought in more excitement to clients by availing to them all the required resources.

The main item at the exhibit for the Scientific Games would be the TwinStar cabinet that comes along with 24-inch HD displays with along with debutant ArgOS made from Bally and WMS. This TwinStar cabinet will be accompanied by a variety of games including Quick Hit, Zeus, Kronos, Steam Dream, Hot Blooded, Quick Shot and Gold Fish.

The firm will also go an extra mile in showing casino slot solutions such as BetVIEW which is a tertiary betting app that gives increased income as well as according players with the much needed experience. This app will also award clients with other amazing applications such as Power Paytable Progressive as well as Power Progressive Strike and will also incorporate the Social link that would help casinos to assimilatebonus event in real time to the social media.

Scientific games will also validate it new BallyCoolSign 8K Video Wall Controller a fresh device that comes with 4×4 video that can help one to playback on any 1080p monitor. This device will be fundamental to casino operators as it would not only be efficient but also reduces the casino cost to operators for it needs no intermediary device.

Read More

27 operator licenses awarded by Irish Legislature

27 operator licenses awarded by Irish Legislature

Betting has been faced by serious problems especially to those operators who lack the operational licenses. More often than not, these operators are tempted to indulge in illegal betting which in many nations is going against the law. However, there still some operators who operate without license and prevail. They tend to evade the huge taxes that are levied by the sports betting regulatory bodies.

It was reported that more than $145 million has been operated and transacted through illegal betting. To curb the situation, various governments have incorporated state law enforcers who go door to door to seek those who violate the law. Nonetheless, to be on the safer side, it is always advisable to acquire an operational license and avoid being on the opposite side with regulators.

On that note, the Irish betting authority has claimed that it would offer a total of 27 operating licenses to those operators working in its new regulated sports betting market. The new licenses have been granted a gross period of two years. This will now give a chance to the iGaming as well as sports betting companies to accord Irish clients with their products and their services.

The Irish Tax and Customs office issued this new list at the beginning day of September. Among the 27 betting firms in the list included the leading betting operators in the nation; Paddy Power, Boylesports as well as Matchbook. Other betting operators who are based outside the country but were accorded with the license are bet365, William Hill, Gala Coral, Betfred, Betfair and the mighty Ladbrokes. All these firms are based in the UK. 188BET, bet-at-home, Full Tilt and PokerStars are the notable international betting operators included in the list.

The new rules that were initiated on the 1st of August claim that online casinos, gaming and bingos in the nation will be levied a 1% tax yearly to their income. Online Sports Betting on the other hand will be accorded with a 15% revenue cut. This is much less than what the UKGC of UK levies to its bookmakers.

This fresh innovation is deemed to be fundamental in the initiation of the Irish Gambling Control Bill come the year 2016 and will be the beginning of a specific betting operator.

Read More

Bet365 now has a Malta License

Bet365 now has a Malta License

Operators have been urged to seek the licensing problems with Gibraltar and Malta who are the best licenses regulatory. This comes after a smooth process of license issuing was evident when the Maltese legislature issued a sport betting license to bet365.

License Details

The issued license is referred to as the Class 2 Remote Gaming License and was granted to bet365- Hillside (New Media Malta) Limited. This would enable the bet365 Malta chapter be able to render its duties of providing sports gambling, poker games as well as casino in Malta. The new upcoming online powerhouse will provide a room for the agitated development strategy by bet365.

A spokesman from bet365 claimed that in attempt to improve in its development scheme, bet365 has decided to incorporate a second license this time from Malta licensing board having already acquired the Gibraltar license previously. This comes as the betting company focuses on the being on the safer side having already acquired and upheld specific regulatory approvals and also giving a hand in the emerging worldwide issues for a peaceful gaming environment.

New Chapter

In collaboration with the Maltese license, bet365 has initiated its products and services in one of the Maltese betting firm; Sliema. This move will play a role in the expansion of the management of the markets as well as procurement duties for bet365. This Maltese chapter will be commanded by Fred Bjurjfall.

According to Joseph Cuschieri the Executive Chairman of the Malta Gaming Authority, the incorporation of bet365 provides a key aspect to the existing evolution in betting industry with key aspects being intelligibility, reliability as well as protecting consumer interests. This comes after raids were conducted by Maltese enforcements in matters pertaining betting indignity.

Broader Reach for bet365

Many players have found the bet365 products very appealing to them. Mostly, the in-play has attracted many clients for its versatility and dependency. The new license will be integral as bet365 stands a better chance of diversifying in order to acquire the attention of many clients.

Having Europeans top regulatory bodies at its side, bet365 will see its products and services being rendered to many across Europe. It follows that bet365 is now focused and eyeing the United States as a potential market for its products.

Read More

Brazil Senate Approves Draft Legislation for the Licensed Sports Betting

Brazil Senate Approves Draft Legislation for the Licensed Sports Betting

The proposed draft legislation 671-2015, has been progressed by the Brazil’s senate. The legislation will see that fixed odds sports betting meet a regulatory requirement. Currently, the Brazilian gambling law permits players to gamble on land based casinos, lottery and horse racing events that are licensed.

 

Brazil is one of the potential market in Latin America for international online gambling, which has become very popular. However, the Government of Brazil has been very slow in implementing gambling laws to accommodate the changes in the industry.

 

Prior to the 2014 World cup, Senator Ciro Nogueira introduced the draft legislation, which emphasized on the need of following physical procedures by the operators seeking to join the Brazillian igaming market irrespective of their listed country of origin. This is the first draft of its kind to have a long and tedious process to meet its goal. On the other hand, other senators opposed stating that Brazil should instead focus on developing regulatory platform based on European style framework to regulate online casino games, poker and online sports betting.
From the media sources, it is evident that the draft legislation progressed because the Senate raised concerns about the popularity of online betting services being operated by remote companies. In addition to that, it came to the concern of the senate that Brazil lacked regulated provisions to curb illegal betting sites that targets the Brazilians.

 

After progressing in the senate, the draft legislation is now waiting for presidential approval. However, the full details of the betting framework and legislation is not yet known. Nonetheless, Brazil will probably begin to receive applications for licenses from foreign operators. As for now, nothing has been presented to the tax and licensing authority regarding charges on market entry.

 

Previous attempts to introduce online gambling and betting framework has drawn division of opinion on generating national policy.

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.