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Posted 3/16/11 :   Another indication that the momentum for legalisation is growing
This week saw another indicator of the growing momentum of the legalisation issue in the United States, when the president of major horseracing company Churchill Downs Inc., confirmed that his company has plans to expand into online gambling once the pastime is legalised.
CDI president and chief executive officer Bob Evans said the Kentucky-based company is “...very much wired into the political and business side” of Internet gambling, which is limited - in legal terms - to advance deposit wagering on horse races.
During a conference call on the company's financial results, the state and federal legalisation initiatives in recent times were introduced into the discussion, leading Evans to comment:
“If Internet gambling gets legalized at the state or federal level, we would intend to play in these businesses. And we expect to play competitively whenever that may happen. We’ll be there when it occurs.”
The publication reported this week that CDI has invested tens of millions of dollars in developing an online wagering platform,, for betting on races. In the fourth quarter of 2010, the system, which has a hub in Oregon, attracted $167.1 million in pari-mutuel handle.
The online company faces threats following a legal action in California. On March 14 CDI was told by the California Horse Racing Board it has until March 18 to resolve its dispute over ADW or it will lose its California licence. That would mean that would be unable to take bets from residents of that state.
The company says it is working hard at a solution and hopes to meet the March 18 deadline.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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