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Adam Silver Wants New SportsBetting Legislation

Tuesday December 23,2014 :  US BASKETBALL CHIEF SUGGESTS NEW SPORTS BETTING LEGISLATION
 
Silver invites New Jersey governor to join him in a less confrontational search for wider sports betting.
 
Adam Silver, the outspoken chief of the US National Basketball League, has invited New Jersey Governor Chris Christie to join him in a less confrontational approach to expanded sports betting...a lobbying initiative to persuade Congress to change the presently restrictive Professional and Amateur Sports Protection Act.
 
The New Jersey approach has so far been to unilaterally introduce state laws to allow intrastate sports betting, a process that has triggered expensive and protracted litigation by the national sports leagues and the Department of Justice, and which is still not fully resolved.
 
Silver is in favour of a more realistic approach to sports betting than the PASPA, which restricts sports betting to just four US states, but he suggests a more political strategy could work.
 
In a recent interview with ESPN he said that rather than fight New Jersey and other states, his league can work with them to establish a uniform federal structure that would acknowledge that sports gambling already takes place in many venues that are far from Las Vegas sports books.
 
“Governor Christie, and I'm happy to join him, should turn his attention to Washington, D.C., to Congress, and say, ‘Here are all the reasons it should be regulated, but let's come up with a framework that makes sense on a national basis presumably that would allow states to opt in,’” Silver told ESPN.
 
“Whether it's ESPN with ‘Bracketology;’ whether it's all the [betting] lines in every national newspaper, on every web service; my point was there's massive, massive sports betting going on in this country,” Silver said.
 
“Estimates are that it's up to $400 billion a year. And my view is, if it's going to go on, let's make it transparent, let's bring it into the sunlight, so to speak, and let's regulate it, the same way we do a lot of other industries.”
 
Delaware Gov. Jack Markell has applauded Silver’s move for advancing the conversation around the wider availability of legal sports betting.
 
“Having somebody like Adam Silver speak out is powerful, and I think it’s going to take folks like him … maybe that’s what it takes to move it,” he said. “It could be brought into the mainstream economy, instead of money changing hands the way it does now.”
 
However, Markell is not optimistic about persuading Congress to move on the issue, saying:
 
“With all the unbelievable dysfunction in Washington, it’s sort of hard to see much happening. I’d be perfectly happy to be wrong.”

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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