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Pennsylvania Representative Rob Matzie wants federal ban on sports betting Lifted

Wednesday January 13,2016 : PENNSYLVANIA POL WANTS P.A.S.P.A. OVERTURNED
 
State Representative Rob Matzie has introduced a resolution urging Congress to lift the federal ban on sports betting.
 
According to a report in ESPN Tuesday the state of Pennsylvania may be about to join other US states (notably led by New Jersey) in seeking the repeal of the federal Professional and Amateur Sports Protection Act, which restricts sports betting in the US to just four states.
 
Pennsylvania Representative Rob Matzie has introduced a resolution urging Congress to lift the federal ban and allow states that have legalised and properly regulated casino gaming offering sports betting through strictly licensed facilities, the publication reports.
 
"In order to protect the public and ensure the integrity of not only professional sports but the Commonwealth's current licensed gaming industry, the Federal Government must adapt to changing perceptions of sports betting and allow states that offer legal forms of gambling to decide if licensing and regulating sports betting is in the best interest of its residents," Matzie's resolution asserts.
 
The report comes soon after news that New Jersey's three-year battle to legalise intrastate sports betting enters a critical stage with a full bench haring on February 17 in the US Third Circuit Court of Appeals, a finding that will set a powerful precedent
 
Matzie's resolution cites a 2008 report conducted for the NBA's board of governors that estimated that $325 billion to $400 billion is wagered on sports in the U.S. annually....almost all of it in unregulated markets through offshore sportsbooks and local unlicensed bookmakers.
 
In 2014, $3.9 billion was wagered through Nevada's legal sportsbooks alone.
 
The American Gaming Association estimates that nearly $145 billion was bet on sports in the U.S. last year and says that's a "clear indication that the status quo is unsustainable."
 
California, New York, Indiana, South Carolina and Texas were among states to consider sports-betting legislation in 2015, ESPN reports.

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Gambling News :

Malta Gaming Authority's half-year 2016 report - There are 490 gaming license in issue and 257 gaming companies in operation....in the first six months of 2014, those figures were 414 and 271 respectively;

Macau ATM Transaction Limit Lowered - The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .

Vegas Mobile Casino Gets Live Dealer Games - Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.

Cosmic Crystals SLot Launches - 1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.

Playtech Live launches dedicated live roulette room - Playtech's live dealer arm, Playtech Live has launched a dedicated live roulette room operating from a fully custom-built studio bursting with colorful Christmas decorations.

Australian Open To Dunp Gambling Ads - Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.

Olympique Lyonnais In Sponsorship Deal With FDJ - The agreement allows FDJ to introduce its ParionsSport betting terminals in the Parc OL stadium, and the promotion by the club of its website of the same name

BaFin CrackDown on Spread Betting - The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.

How is the CDC Group Spending its Money - Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.

Voodoo Slot Released - The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).

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