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NEW JERSEY A.G. SPEAKS ON INTRASTATE SPORTS BETTING

Wednesday 10/22/2014 : NEW JERSEY A.G. SPEAKS ON INTRASTATE SPORTS BETTING
 
Law enforcement official uses the recent dismantling of an organised crime sports betting ring to underline the importance of regulated and licensed activity.
 
The acting Attorney General of New Jersey, John J. Hoffman, has come out in support of legalised sportsbetting in the Garden State, saying that rigorous control of the activity through regulation and licensing is essential to prevent criminal organisations from dominating the market and endangering citizens.
 
The law enforcement official used as an example the recent dismantling of a sports gambling operation operated by members and associates of the notorious Genovese crime family, pointing out that criminals controlled the market through violence and intimidation, behaviour that could be addressed in a regulated environment.
 
“We have talked before about one of the primary efforts in our sports betting journey that we have been on is to try to bring it out of the black market shadows. The Mafia, the organized crime controlled shadows. And this is exactly where it’s happening,” Hoffman told local media reporters at a press conference Tuesday.
 
Supporting Hoffman, New York Harbour Commissioner Michael Murphy said that the Genovese Coppola sports betting ring took over $1.7 million in wagers in 2011 alone.
 
“When the mafia, when organized crime, takes over and makes money on illegal gambling, where does it go? It doesn’t go to property tax relief, it doesn’t go to senior citizens, and Medicare or prescription programs,” he said.
 
“It goes to money laundering, it goes to the importation of heroin, and there are kids dying today in New Jersey as a result.”
 
Murphy expanded on his view, referencing the 1920 Prohibition era in the USA when huge sums of money were made by organised crime rings supplying bootleg liquor to satisfy an existing public demand, resulting in extensive enforcement initiatives that could have been usefully employed elsewhere having to be diverted to enforce an ill-advised law.
 
“People drink and people gamble,” Murphy observed. “Some of the families that are still engaged in organized crime today, several generations ago enjoyed enormous profits during a time when drinking was illegal.”
 
Earlier this year, AG Hoffman directed enforcement officials in New Jersey to eschew actions against sports betting being carried by licensed operators within the state. This followed the state Legislature's overwhelming support for intrastate sports betting bills which Gov. Chris Christie has signed into law, triggering litigation by the national sports leagues

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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