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BETFAIR BOSS ON PROHIBITION

Edward Wray, the respected founder of the Betfair online gambling empire, spoke his mind on the American legal situation in an interview with the UK publication Real Business this week, commenting that he was not a fan of prohibition as an alternative to regulation.
 
That said, Wray does not intend to take any risks and told the publication: "“We’re not interested in going into grey areas. We have 25 people in our legal team and we get professional, detailed opinions on every country that we operate in. As a rule, however, I don't believe in prohibition; it’s futile. People will find a way to gamble online, regardless of whether you tell them not to do it.”
 
The interview follows news earlier this week that Betfair has acquired the US-based TV Games Network from

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Macrovision for $50 million in cash. TVG is among the most widely-distributed horseracing networks in the world and is also a leading provider of [legal] advance deposit wagering services in the U.S. TVG covers racing from 70 tracks 16 U.S. states, including the key racing centres of Kentucky, California and New York. It also accepts bets from residents of those states, dividing the profits with the racecourses concerned.
 
David Yu, CEO of the Betfair Group Ltd, commented then: "We have waited to enter the U.S. market until we had a high quality, and above all, legal product offering, and we believe with this acquisition we have secured those goals.”
 
Yu also stressed that Betfair has no plans at present to introduce its betting exchange model into the US market, but will use its cutting-edge technology to improve the pari-mutuel betting services offered to TVG clients. “We have waited to enter the US market until we had a high quality, and above all, legal product offering, and we believe with this acquisition we have secured those goals,” said Betfair's chief executive.
 
Wray was pragmatic regarding the change in the political leadership in the United States, voicing an opinion on whether President Obama is likely to prove a better bet for online gambling. “I’m delighted that he won but, let’s face it, gambling legislation isn’t going to be on the first or second page of Obama’s to-do list," Wray opined. “I think the country will move to regulation but it may take five years, it may take ten years.
 
“We’ve had the luxury of growing at our own pace over the past decade and we’ve spent tens of millions of pounds on technology. Our website won’t fall over.
 
"When the US does open up, we’ll be ready."



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$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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