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Sports betting thrives In Delaware
Monday November 03,2014 : DELAWARE SPORTS BETTING ON THE RISE
Online casino and poker results may be disappointing, but sports betting thrives just a short distance from New Jersey.
One of the ironies of state regulatory autonomy vs. federal interference in the United States is that sports betting prohibited by federal legislation in one state can be indulged a relatively short distance away in another...and that's the case with Delaware and its much larger neighbour New Jersey.
New Jersey is struggling to introduce legal intrastate sports betting, spending millions on litigation as it tries to get past the federal Professional and Amateur Sports Protection Act, which restricts sports betting to just four US states - Delaware, Nevada, Oregon and Montana - and only full-on in one of them, Nevada.
The rewards for New Jersey could be substantial; Vernon Kirk, the director of the Delaware Lottery disclosed last year that his state made $5.2 million off revenues of $31.5 million from sports betting in 2013, up three-fold from 2009 estimates despite federal restrictions that permit only parlay betting on sports events like NFL games.
Delaware has a population one tenth that of New Jersey, although according to media interviews with
some of the 80 or more betting outlets, which include the state's three racinos, visitors from nearby states boost business.
Punters who score over $600 are required to go to one of the racinos to cash, presenting additional seeling opportunities in terms of food, entertainment and more gambling for the operators.
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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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