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California Sportsbetting on Again
Thursday February 7,2013 : CALIFORNIAN SPORTS BETTING COULD BE ON AGAIN (Update)
Sen. Rod Wright leading the charge for legalised sports betting in California
California state Senator Rod Wright, already well known for his attempts to push california online gambling legalisation measures through the state Legislature, is spearheading another gambling initiative...the legalisation of sports betting.
Wright's effort this year mirrors a similar attempt last year, when his SB1390 made it through the Senate but stalled irretrievably in the Assembly
According to a report Thursday in the Los Angeles Times, Wright is at it again this year, attracting the attention of the Senate Republican caucus.
The caucus issued a report titled "You Wanna Bet? Legalized Wagering on Sporting Events Gets a Second Look," noting that Wright's legislation will again feature on the Legislature's agendas, and noting that there could be benefits in allowing Californian punters to enjoy a flutter on a variety of sports events.
"Authorizing sports wagering at California's horse racing tracks and satellite wagering facilities on fair grounds, card clubs, and tribal casinos, for instance, could … bring more people into these facilities on slow business days," the report said. "Such a plan might provide the vital financial help to the racing industry and provide the state with additional tax revenues."
The caucus acknowledges the problems of such a move, notably the obstacle that the federal Professional and Amateur Sports Protection Act (PASPA) represents...something the state of New Jersey is currently contesting after passing a similar law.
PASPA restricts sports betting to just four states, and the Department of Justice is opposed to it being overturned, judging by its recent participation in the New Jersey litigation with national sports leagues.
The caucus report concludes that many support the idea that a legalised, regulated, and policed wagering environment will reduce cheating as sports-fixing schemes are, by their nature, done through illegal means.''
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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.
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.
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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