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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."



Gambling News :

MLB Odds: Stroman Gets the Nod Against Royals - The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.

Microgaming in bingo software deal with Marathonbet - Marathonbet’s loyal customers will now be able to enjoy an extensive Bingo offering – marking another big expansion of its online gaming collection.

Microgaming QuickFire enters Coloumbia - Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.

Partypoker to sponsor WSOPC Uruguay - Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.

MLB Odds: Jays Hope to Spoil Orioles’ Visit - The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.

Money Storm Casino - Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.

Big Online SLot Win on Ultimate 10X Slot - At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000

MPN Greatest Poker Player in the Universe - The MPN announces the third annual Universal Championship of Poker (UCOP III), boasting €750,000 guaranteed across 59 tournament events this September

PartyPoker Exits Australia - From 31st August 2017 partypoker players will no longer be able to play from Australia. Players’ deposited funds are safe and available for withdrawal.

Mercury Poker Live on Indian Poker Network - Mercury Poker Live on MPN's Indian Poker Network. MPN India, established in 2015, is a ring-fenced poker network dedicated to the Indian market and operating exclusively in Indian Rupees.

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