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NEW JERSEY ASSEMBLY APPROVES SPORTSBETTING BILL

Saturday October 18,2014 : NEW JERSEY ASSEMBLY APPROVES SPORTSBETTING BILL
 
73 to 4 vote follows an overwhelmingly positive Senate vote last week.
 
The New Jersey House of Assembly has followed the state Senate in voting overwhelmingly in favour of legislation allowing operator-regulated sports betting in the latest attempt by the state legislature to get an intrastate sportsbetting bill on the books.
 
Bill AB3711 has been referred to Gov. Chris Christie following the 73 to 4 vote of approval in a reprise of a previous attempt which is currently the subject of litigation with national sports leagues and the Department of Justice, who are defending the federal Professional and Amateur Sports Protection Bill, which restricts sports betting to just 4 US states.
 
Gov. Christie, who has not yet commented on the new bill, now has 45 days to sign it into state law or exercise his gubernatorial privilege to veto the measure.
 
Christie supported the previous bill, triggering a protracted and expensive legal wrangle with the sports leagues; he is currently seeking "clarification" on the negative ruling of Judge Michael Shipp, who originally heard the case.
 
Assemblyman Ralph Caputo told local reporters: "This issue has been before us on a number of occasions. But at this point we’re here supporting the legal position that the [New Jersey] administration has taken.’’
 
AB3711 partially repeals the state's prohibitions on sports betting, paving the way for New Jersey casinos and racetracks to begin taking wagers.
 
A hearing has been scheduled for November 21 in which Christie's request for clarification on the Shipp injunction against the state's sports betting legalisation attempt will be argued.
 
Opinions from the Third Circuit Court of Appeals on the injunction will be studied; the court found that the PASPA did not prevent New Jersey from repealing the ban on sports betting, and the Department of Justice argued that PASPA does not compel New Jersey to enforce the PASPA ban.
 
The sports leagues are maintaining their unrelenting opposition to New Jersey's moves; a NCAA spokesman told ESPN:
 
"The NCAA has asked the United States District Court to stop the state of New Jersey from allowing sports wagering to occur in casinos and racetracks across the state in violation of the injunction issued last year. The NCAA continues to believe that the spread of legalized sports wagering is a threat to student-athlete well-being and the integrity of athletic competition."

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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