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Street Smart discusses US Online Gambling

Thursday January 9,2014 : POSITIVE COVERAGE FOR ONLINE GAMBLING ON U.S. TELEVISION PROGRAM
 
Bloomberg TV's “Street Smart” laughs off Adelson objections.
 
The widely respected Bloomberg business television program Street Smar" briefly but positively examined the legalised online gambling phenomenom in the US this week, in the process dismissing land casino mogul Sheldon Adelson's controversial campaign to ban the pastime altogether on moral grounds.
 
Trish Regan, Cory Johnson and Alix Steel of Bloomberg were joined by Greg Rayburn, a managing and founding partner at the respected consulting firm Kobi Partners.
 
Graphics onscreen during the discussion showed some impressive tax revenues figures broken down by state in the three US states that have so far legalised online gambling: Nevada, Delaware and New Jersey.
 
The graphics showed $49 million for Nevada, $40 million for Delaware and a whopping $435 million for New Jersey.
 
The consensus appeared to be that states need money, and online gambling can provide a previously untapped revenue stream if it is legalised. It is therefore probable that other states will monitor the progress and results in the three legalised states so far, and that positive results will encourage other states to join the trend.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authorityís data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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