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Evidence That Online Gambling Not A Threat To Land Based Ones

Friday March 21,2014 : MORE EVIDENCE THAT ONLINE GAMBLING NOT A THREAT TO BRICK AND MORTAR COMPANIES
 
Growing body of empirical evidence that online gambling complements, not cannibalises.
 
Fears in more conservative quarters in the United States that online gambling will take business away from traditional land-based casinos are gradually being assuaged as increasing numbers of experienced gaming executives provide empirical evidence to the contrary.
 
Joining senior executives from Boyd Gaming, Caesars Interactive Entertainment, Borgata, the American Gaming Association, Genting's UK group, and seasoned regulators like former Nevada Gaming Control Board chairman Mark Lipparelli this week was Chris Sheffield, managing director of Betfred, who said that there has been no evidence of business cannibalisation between online and the company's widespread UK offline gaming network.
 
Speaking at the iGaming North America conference, Sheffield said that he sees no cannibalisation between online and offline gaming in the nation-wide operations of his company, which operates 1,378 store locations and the Tote in the United Kingdom, along with an online casino, sportsbook and poker site.

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Gambling News :

MLB Odds: Yankees-Red Sox at Fenway Park - The most storied rivalry in baseball resumes this Friday when the Boston Red Sox (12-9, +1.84 betting units) host the New York Yankees (8-12, 5.90 units) in their first meeting of the 2016 regular season. MLB Network has the coverage starting at 7:10 PM ET.

Tennessee Third State to legalise DFS - #dfs #Tennessee joined Virginia and Indiana in legalising daily fantasy sports when Gov. Bill Haslam signed a bill approved by the state legislature into law this week.

March 2016 Las Vegas Revenues - The Nevada Gaming Control Board reported that Las Vegas Strip gambling revenue was down 4 percent to $487 million last month, and downtown Las Vegas was also down 4 percent at $51 million.

MetroPlay Liquidator sends final report to creditors - The creditor list includes customers and a number of online gambling suppliers, with a GBP 20,000 liquidator's fee provision for KPMG.

NBA Odds: Raptors Can Close It out in Indiana - The Toronto Raptors are one win away from advancing to the second round of the playoffs. They'll take a 3-2 series lead into Friday's Game 6 at the Fieldhouse against the Indiana Pacers; Toronto won Game 5 on Tuesday, 102-99 as a 7-point home favorite.

E-SPORTS BETTING CONFERENCE SCHEDULED FOR LONDON - European betting companies curious about the burgeoning opportunities in global eSports should diarise May 18 at the Royal Gordon Hotel in London, where a major conference on the vertical has been convened.

Tony Romo Taking Precautions against disruption of DFS convention - #Dallas Cowboys quarterback and fantasy sports convention organiser Tony Romo has made a pre-emptive move to ensure that there is no repetition of the controversial last-minute cancellation of the National Fantasy Football Convention in Las Vegas last year.

New Taxes for Australian Bookmakers - Local media reports from Australia claim that locally-based bookmaking firms are facing a new challenge as political questions are asked about the low tax rates in the Northern Territory, which have encouraged a number of gambling companies to licence there.

New Money Laundering Charges vs Tabcorp - #tabcorp This ongoing investigation into Tabcorp's extensive, significant and systematic non-compliance with Australia's money laundering and counter-terrorism financing legislation has resulted in these additional allegations," Jevtovic said.

Gaming Realms in deal with Scientific Games - Online gambling content developer Gaming Realms announced Thursday that it has inked a five-year content and distribution agreement with Scientific Games, although it did not provide any detail on the financial arrangements surrounding the deal.

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