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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:
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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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