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GBI Fights Isreal Horse Racing Ban
BRITISH COMPANY FIGHTS ISRAELI HORSERACING BAN
Betting services firm GBI alleges Israeli government made flawed decision in rescinding the 2012 authorisation of betting through Toto.
GBI, a British company that provides betting services to the Israeli Toto, is pressing the Israeli government to reconsider its decision to ban horseracing from early 2017, threatening that it may seek millions in compensation if it does not.
The Israeli newspaper Haaretz reports that Finance Minister Moshe Kahlon announced the ban recently, saying that the 460 million shekels ($121.8 million) generated from betting on horses every year by the Council for Organized Sports Betting, popularly known as Toto, was “tainted money.”
GBI claims that the Ministers decision to rescind the 2012 authorisation of betting through Toto is flawed, and that the government committee chaired by Treasury Director General Shai Babad that recommended banning betting on horses unfairly accused the betting industry with exploiting the poor and encouraging addiction.
Zohar Landa, the attorney representing GBI in Israel commented: “No one disputes that the [Babad] committee was not presented with new facts…and that the company was never given the opportunity to present other data on its behalf.”
Had GBI been able to make a presentation to the committee, it would have been able to present “clear data that the addiction rate is low both in absolute terms and in comparison to other products in the field of gambling,” he said, adding:
“Adopting the committee’s recommendations was a severe and blatant violation of the fundamental principles of natural justice and the right of the company to be heard.”
Haaretz reports that GBI executives and Treasury officials met this week to discuss the question of compensation in view of GBIs Toto contract, which runs through to August 2018. The company has been generating revenue of around 20 million shekels annually from Israeli betting action.
Whilst the talking goes on, GBI has also reportedly approached Justice Minister Ayelet Shaked and Yuli Edelstein, the Knesset speaker in a move to short-circuit the horseracing ban.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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