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NEW JERSEY AWAITS SPORTS BETTING DECISION
December 19,2012 : NEW JERSEY AWAITS SPORTS BETTING DECISION
Judge elects to present decision in writing after hour-long oral hearing
In an hour-long hearing Tuesday that was well-attended by interested parties, lawyers for New Jersey and the major US sports leagues argued for and against the Garden State offering sports betting, effectively defying the discriminatory and federal PASPA.
New Jersey has already passed the necessary legislation for intrastate sports betting, a move that triggered litigation from the leagues and a series of arguments that include whether the sports leagues have legal standing to contest the New Jersey decision
Weighing the arguments, U.S. District Judge Michael Shipp said at the conclusion of the hearing that he will issue a ruling by Friday as to whether the leagues have standing to continue the lawsuit.
New Jersey's Legislature enacted a sports betting law in January this year, limiting bets to Atlantic City casinos and the state's horse racing tracks.
Legal arguments have included the fact that the leagues have for decades prospered from legalised sports betting in four states, primarily Nevada, and indirectly from illegal online sports wagering. The leagues have also actively aligned themselves with fantasy sports betting.
The leagues argue that sports betting threatens the integrity of sports.
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Gambling News :
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.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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