No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
Nevada Wants To Get Into collective wagering
Wednesday April 10,2013 : NEVADA WANTS TO GET INTO COLLECTIVE WAGERING
New bill could bring substantial amounts of money to the gambling state
Nevada, one of only four US states where sports betting is permitted, has plans to expand its offering even further through collective wagering, which could see private investment groups placing sports wagers on behalf of investors, reports the Associated Press news agency.
Sponsored by Republican senator Greg Brower, a new bill received its first hearing Monday in the state Senate, seeking to introduce new betting opportunities that experts believe will generate very substantial revenues in the years ahead.
Brower explained that his idea is to "....allow a group of bettors to bet as an entity.”
Under existing law, only individuals can place wagers at Nevada sports books.
Supporters of the Brower bill said the measure would help the state capture some of the estimated $380 billion bet illegally on sports each year in the U.S.
The bill would add “entities” to be formed and authorised to make sports bets. These groups could act as a type of hedge fund and wager large amounts on football, basketball, baseball and other sports. In turn, they could seek out investors to put up money and “leave it up to the expert to make the bet,” Brower said.
Randy Sayre, a former member of the Nevada Gaming Control Board who supports the measure, described it as a very significant untapped market. He said that risks of money laundering were minimised because current technology allows regulators to closely monitor wagering organisations.
However, AG Burnett, current chairman of the state's Gaming Control Board, was less sanguine, saying that he was concerned about protecting the state’s main industry from being tainted.
“I’m not sure how we’d go about regulating that,” he opined on the collective concept.
Lawmakers and gambling industry officials who testified Monday did not provide many specifics about how the new system would work.
A senior executive with sports betting operator Cantor Gaming, Lee Amaitis, told the committee he projected that Nevada revenues could almost treble to $10 billion within five years if 'entity wagers' are allowed.
Tax revenue to the state would more than double to roughly $25 million over that time, he said.
Once approved in principle by the Legislature, the changes would be handed over to Nevada gambling regulators to frame the necessary standards and regulations, which will include requirements that those involved would have to have a presence in the state.
Discussion on the bill - SB346 - continues.
USA Online Gamblers. The Best Online Casino with the fastest payouts and highest bonus. Get your Exclusive Bovada Bonus Code now. Up to $4250 in free sign up bonuses. Dont miss out on this limited time special offer.Online Poker, Online Casino and Online SPorts betting all included in this exclusive Bovada Bonus.
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.
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.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.