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Death Of Professional Amateur Sports Protection Act
04/27/2012 : MORE NEW JERSEY PRESSURE ON P.A.S.P.A.
Two new proposals that may be the death of the Professional Amateur Sports Protection Act in New Jersey.
Two more New Jersey politicians have launched bi-partisan legislative attacks that could eventually see the restrictive federal Professional Amateur Sports Protection Act overturned in the state, where a strong drive for a more liberalised sports betting environment has been building for some time.
Republican Rep. Frank LoBiondo and Democrat Rep. Frank Pallone, Jr. came out in support of bills HR 3809 New Jersey Betting and Equal Treatment Act of 2012 and HR 3797, Sports Gaming Opportunity Act of 2012 this week, pushing for New Jersey to be allowed to run its own regulated sports betting.
If approved, the bills will place yet more pressure on PASPA, a law that is becoming increasingly unpopular among states who do not believe that sports betting should be confined to just three favoured states.
Both politicians have also explained the financial benefits that could accrue to New Jersey if the sportsbetting restrictions were lifted.
In November 2011 residents of New Jersey approved regulated and licensed sports betting in the state by a 2 to 1 margin when the subject was placed on the ballot following legislative attempts to overthrow PASPA spearheaded by Sen. Ray Lesniak .
Earlier this week news out of California indicated that veteran state Sen. Roderick Wright was pushing bill SB1390 through a preliminary senate committee, also with a view to overturning PASPA.
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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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