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NBA rethinking Sportsbetting
12/19/09 - The US national sports leagues have long opposed Internet gambling, but a recent Sports Illustrated interview with NBA Commissioner David Stern gave the perception that attitudes may be softening.
Stern told SI writer Ian Thomsen that legalised sports betting in the United States could be a "huge opportunity," setting the stage for a closer relationship between reputable sports betting and the NBA.
The sports executive's comments came out in SI.com's all-decade project highlighting the best and worst of sports in the 2000s. In the interview Thomsen asked commissioner Stern to examine the last 10 years while also envisioning what the future may hold -- including legalised sports betting on NBA games. In the interview, Stern moved closer than any major commissioner in modern times to an acceptance of legalised betting on his games, although he made no firm commitments.
He did, however, open the door to a dialogue that could ultimately lead to a new relationship between the NBA and legalised sports betting, for the first time referring to nationally legalised gambling on the NBA as a "possibility" that "may be a huge opportunity."
Thomsen's concluding remarks gave an encouraging perspective gleaned from the interview when he wrote: "...legalized betting on professional sports in the U.S. is inevitable for two reasons:
(1) If sports wagering becomes a legal and taxable form of revenue, then governments will actively police sports betting in order to protect that revenue base, as well as to safe-guard the leagues that create the windfall of new taxes; and
(2) Betting on games will create more fan interest and, ultimately, bring in more money to the NBA and other leagues."
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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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