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New Jersey Sportsbetting Updates

Thursday October 18, 2012 : NEW JERSEY TO DEPOSE LEAGUE LEADERS
 
4 hour sessions will probe league allegations that proposed sports betting regulation causes “irreparable harm”
 
The latest move by New Jersey legal representatives arguing the case for regulated intrastate sportsbetting in the Garden State against the national sports leagues  is to depose the commissioners of the National Football League, National Basketball Association, National Hockey League, Major League Baseball and the National Collegiate Athletic Association for up to four hours each.
 
The proposal, which has been broadly agreed by participants, has been filed but not yet accepted by the court. It would put the commissioners on the spot, requiring them to justify their oft-stated claims that sports betting would cause “irreparable harm” to the "integrity of the leagues."
 
North Jersey.com reports that the depositions, which include the examination of historical documentation, communications and business reports, along with a study of league activity associated with fantasy sports games or activities “that are operated by or on behalf of” the leagues and may involve wagering, would be admissible in court.
 
The organisations of those to be deposed are required to table documentation by October 29, and the deposition process should be completed by November 19.
 
In the meantime the legal to-and-fro continues as the leagues seek a summary judgment against the state, and the state challenges such a development and presses ahead with its plan to implement a state regulatory and licensing regime before year-end, effectively undercutting the 1992 Professional and Amateur Sports Protection Act.
 
On a side note, Senator Tom Coburn has released information on the profligacy of Congress and the general wastage of taxpayer dollars this week in which the National Football League is mentioned.
 
Coburn claims that the National Football League pulled in more than $9 billion last year, yet is technically a "non-profit" organisation, costing the federal government tens of millions of dollars every year in lost tax revenue.
 
The Senator's allegations are unlikely to go down well in Washington DC; he estimates $132 million of taxpayers' money was wasted this year on "the most unproductive and unpopular Congress in modern history," and details some of the wasteful expenditure at:
 
http://news.yahoo.com/blogs/power-players-abc-news/wasteful-spending-tax-dollars-martian-menus-non-profit-105911755.html

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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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