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DELAWARE GOVERNOR SIGNS SPORTSBETTING ACT INTO LAW

Following the approval of the Delaware state Senate earlier this week Governor Jack Markell has moved swiftly on his measure to legalise sports betting, signing it into law almost immediately.  The details will now be worked out in collaboration with the state Supreme Court, reports MSNBC.
 
The move makes Delaware the first state east of the Mississippi River to legalise sports betting and only the second in the country to do so in a move designed to cut budget deficits. Delaware now joins Nevada as the only states to allow sports betting. 

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Governor Markell chose Delaware's oldest racetrack as the venue for the signing; the state's three racinos will add sports wagering to their 8 200 slot machines and horse-betting operations around September 2009.
 
“There is tremendous interest in the sports lottery throughout our region and nationally,” Markell said at the signing this week, adding that Delaware expects to cuts its $778 million budget deficit by more than $50 million through sports betting and an increase in the state’s share of slot-machine money.
 
State officials and legal representatives will now work with the state's Supreme Court to determine what types of bet can be permitted in terms of the state's constitution, which lays down that only lottery-style games are legal. In the past that has been interpreted to mean players must choose more than one outcome with each bet by choosing a winner for more than one game, report analysts at the Bloomberg news service.
 
Markell’s spokesman Joe Rogalsky said that once the Supreme Court gives the state advice on what is legal, Delaware will search for a vendor to design and run a sports-betting program that sets the odds for all three racinos.
 
The new law excludes college games in which any Delaware college or university plays, and sets a minimum age of 21 for punters.

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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.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

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.

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