Data analyst Eilers Research has warned US states planning to legalise igaming to keep their financial projections realistic. In its latest report called ‘US iGaming Outlook for 2015 and Beyond’, Eliers pointed out that New Jersey Governor Chris Christie’s team had estimated around $180m in tax for the first year of operation, when in reality the tax revenues from opening …
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Bwin to sell its social business at a €7m loss
Bwin.Party is close to selling its social gaming business and is in continuing merger talks with other parties. In a pre-close trading update, the firm revealed that it is in ‘active discussions’ regarding the sale of Win, the group’s social gaming business, and that it expects to make a further announcement shortly. The company had announced a huge expansion into …
Read More »Betfair shifts its New Jersey operations to Golden Nugget
Betfair is set to continue its New Jersey online casino operations after announcing an agreement with Atlantic City’s Golden Nugget Casino. The deal with Golden Nugget Atlantic City who are operated by Caesars Entertainment will be the operators third since online casino gambling became legal in the state of New Jersey. Under New Jersey law, online gaming operators such as Betfair must …
Read More »NBA Commissioner wants sports betting legalised
NBA Commissioner Adam Silver has broken ranks from the rest of the US sports fraternity again and called for sports betting to be legalised and regulated. In an Op-Ed piece for the New York Times, Silver said that the country needed a different approach to the current prohibition. Silver, who has spoken of his support for sports betting before, commented: …
Read More »UFC Vice President backs expansion of US sports betting
UFC Executive Vice President Lawrence Epstein has publicly backed the expansion of legalised sports betting in the United States. Speaking to US news source ESPN.com, Epstein urged the US senate to address the need for proper regulation and frameworks in order to allow legalised sports betting. Epstein stated that unlike the four major US sporting associations (NHL, NBA, NFL, MLB) …
Read More »New Jersey officials dismiss US Pro leagues challenge
Governor Chris Christie and New Jersey State pro sports betting officials have dismissed the legal challenge set by the four US professional (MLB, NHL,NFL, NBA) and the National Collegiate Athletic Association (NCAA) on grounds that their challenge cannot be credited. This weekend New Jersey State will see Monmouth Park thoroughbred racetrack become the first licensed gambling venue to allow sports …
Read More »Jeff Ifrah – “Pro Leagues NJ block does not make much sense”
According to well-known US sports betting attorney Jeff Ifrah, the lawsuit by the NFL, NBA, MLB and NCAA seeking to block enforcement of the New Jersey Sports Wagering Law doesn’t make much sense. “The new law means racetracks and casinos will have the protection of state law on their side when they start offering sports betting at their locations,” Ifrah …
Read More »US Pro Leagues launch new challenge against New Jersey
On Monday, New Jersey state saw the approval and passing of the sports betting bill by Governor Chris Christie. However the controversial bill is set to meet a new challenge as the four major US sports leagues (NFL, NHL, NBA, MLB) and the College Athletic NCAA filed a motion against the authorisation of the bill. The sporting associations wish to …
Read More »Chris Christie signs New Jersey sports betting bill
New Jersey State G New Jersey State Governor Chris Christie has officially signed the bill to repeal the Professional & Amateur Sports Protection Act (PASPA) laws within New Jersey. Chris Christie signing of the New Jersey Sports Betting Bill will allow for licensed gambling premises such as racetracks and casinos to allow sports betting wagering. Last week the State Assembly …
Read More »New Jersey sports betting ruling delayed
US District Judge Michael Shipp has granted an extension to the pending New Jersey sports betting appeal, in order to give representative side’s additional time to file more briefs. Judge Shipp was meant to have published opinion on New Jersey’s proposal to allow sports betting in licenced gambling venues (casinos and racetracks) on Monday. However a statement published by the …
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