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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.                     

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Gambling News :

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

Microgaming is set to release three exciting new games in March - Pollen Party will literally have players buzzing with excitement as the ground-breaking, 720 way variable reel online slot is brought to life in a unique honeycomb reel layout.

NBA Odds: Resurgent Clippers Face Warriors in Oakland - After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursday’s game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.

NBA Odds: New-Look Pelicans Host Rockets on Thursday - The New Orleans Pelicans just hosted the All-Star Game and saw their very own Anthony Davis win the MVP. But the celebration was brief because the next day, the Pelicans made a huge trade,

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republic’s new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

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