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Mississippis Strategy For Online Gambling Sit back and watch
Tuesday May 19,2015 : NO IMMEDIATE MISSISSIPPI PROSPECTS FOR ONLINE GAMBLING OR SPORTS BETTING
"Sit back and watch" is the state's legislative strategy.
Earlier this week, Mississippi Representative Chuck Espy introduced bill HB806, preparing for the possible legalisation of sports betting in his state....but only if New Jersey's court battles to circumvent the Professional and Amateur Sports Protection Act are successful
InfoPowa readers will recall that New Jersey has for the past several years been locked in legal battles with the national sports leagues and the Department of Justice as it attempts to get around the PASPA, which restricts sports betting to just four US states.
However, in an interview with the Sun-Herald newspaper Monday, Rep. Richard Bennett, chairman of the state House Gaming Committee, said the immediate possibilities were remote for both sports betting and online gambling.
Bennett last year assembled the Internet Gaming and Sports Betting Task Force, led by Mississippi Gaming Commission Executive Director Allen Godfrey, and asked for a study of the financial, legal and technical considerations of betting on sports and Internet gambling.
The study was prompted by declining land casino revenues in Mississippi over the last two years, primarily because of competition from other states.
"Sports betting would definitely help the industry here," Bennett told the Sun-Herald. But he noted that Mississippi was a state that was going to "sit back and watch" as the New Jersey litigation on PASPA progressed, and warned that Internet gambling in New Jersey generated only 10 percent of what had been predicted.
Bennett opined that there is little interest among state leaders to introduce Internet gambling at this time.
"In Mississippi right now, it's just too early for us to look at going to Internet gaming," he said, observing that It would have to be conducted strictly within state boundaries, and that half the people in Mississippi don't have a computer or Internet access.
Bennett referenced the Internet Gaming and Sports Betting Task Force report, which revealed that in Nevada, where sports betting is legal, Americans wagered $3.6 billion in 2013. Of that, 45 percent of the bets were on football.
In contrast, the burgeoning and mainly mobile and online Daily Fantasy Sports vertical boasts more than 33 million Americans were playing fantasy sports in 2013, with 80 percent of them male, 78 percent college graduates and 70 percent interested in football, according to the Fantasy Sports Trade Association.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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