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New Jersey Sports Betting Updates

Wednesday November 5,2014 : NEW JERSEY A.G. BRINGS IN THE BIG GUNS
 
Top officials sign declarations in sports betting litigation.
 
John Hoffman, the Attorney General for the state of New Jersey, submitted federal court declarations from three regulatory organisations certifying that in terms of the latest New Jersey law on sports betting they “...will not, and legally cannot, regulate sports wagering in casinos and racetracks because the 2014 Act prohibits them from doing so.”
 
The declarations were signed by the chiefs of the Casino Control Commission, the Division of Gaming Enforcement, and the Racing Commission and form part of the state's strategy to overcome the legal objections of the national sporting leagues to New Jersey introducing intrastate sports betting.
 
Claiming the declarations constitute "an insurmountable factual bar", AG Hoffman submitted that the temporary injunction against the implementation of sports betting in New Jersey obtained by the sports leagues last month should not be made permanent.
 
The declarations attack claims by the sports leagues that because the state regulates tracks and casinos, that constitutes “de facto authorisation” of sports betting at those venues, where sports betting is scheduled to take place.
 
Oral arguments in the case before Judge Michael Shipp are scheduled for November 20, a day before the end of the temporary injunction.
 
Meanwhile, a legal representative for the Thoroughbred Horseman's Association, which supports New Jersey in its sports betting ambitions, accused the National Football League of having “unclean hands” in the matter, given the fact that a league-approved game is to be held in London, England – where such betting is legal and will take place – and that prominent footballers have been associated with fantasy sports betting.
 
THA legal representative Ron Riccio also referenced a recent television interview in which National Basketball Association commissioner Adam Silver expressed the view that the legalisation of online betting was inevitable and that his Association was prepared to participate in a regulated regime.
 
Silver also said that he had seen fans placing bets from their cellphones whilst at NBA games, and Riccio said this indicated that the national association does not curtail this activity.
 
"....unless one has been living under a rock, what Commissioner Silver knows and understands to be true is that people enjoy betting on NBA games for a myriad of reasons,” Riccio observed.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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