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PartyPoker Sponsors US Pro Sports Teams

Thursday January 9,2014 : ONLINE GAMBLING COMPANY SPONSORS U.S. SPORTS TEAMS
 
PartyPoker signs agreement with US professional ice hockey and basketball teams.
 
The Philadelphia 76ers of the NBA and the New Jersey Devils of the NHL have become the first major U.S.-based professional teams to sign a sponsorship deal with an online gambling company, according to reports in the US media Wednesday.
 
Party Poker, a subsidiary of the European online gambling group Bwin Party Digital Entertainment, is the online poker company behind the multi-year sponsorship agreement and has an operational subsidiary currently operating in the recently legalised New Jersey online gambling market.
 
The announcement was made at a press conference Wednesday jointly hosted by Scott O'Neil, the chief executive of the Josh Harris-owned teams, and Norbert Teufelberger, the chief executive of Bwin.Party.
 
The Philadelphia 76ers are a professional basketball team based in Philadelphia, Pennsylvania, whilst the New Jersey Devils are a professional ice hockey team based in Newark, New Jersey.
 
Sports sponsorships by online gambling companies are common in Europe and Australia.
 
“This is our flag in the ground that we do things differently,” said O’Neil in a telephone interview with the Bloomberg news organisation. “We’re looking for ground-breaking opportunities with companies willing to take chances.”
 
Bloomberg reports that businessman Josh Harris, a co-founder of Apollo Global Management LLC, bought the 76ers in 2011, and assumed control of the Devils last year.
 
The Sixers are worth $418 million, 20th in the 30-team NBA, according to Forbes Magazine. The Devils are worth $320 million, also 20th out of 30 clubs, Forbes said.
 
O’Neil said there are 60 million online poker players in the U.S., and that 2 million people a year attended events at the Prudential Center.
 
“We have this moment in time that allows a company like ours, which is unique, which frames New Jersey, a pretty incredible opportunity,” O’Neil said.
 
National Football League and Major League Soccer teams in the USA are prohibited from taking on internet gambling sponsorships, but this does not apply in the case of the NBA, where 28 teams have land casino sponsorships and 20 have agreements with lotteries.
 
“As long as the gambling site doesn’t include sports gambling or sports betting it’s now allowed within our rules,” a spokesman said.
 
The agreement with PartyPoker is believed to include brand signage at home games and broadcast privileges, along with promotional initiatives that could include premier seating and box as competition prizes and other initiatives.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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