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CONCERNS OVER NEW SPANISH GAMBLING LAW

Friday June 10,2011 :  Liberalisation of the Spanish market might not take place in one initiative
 
Spanish politicians may have passed liberalisation laws on the nation's internet gambling, but it appears there is no guarantee that these will be implemented in a single initiative.
 
The Guardian newspaper reports this week that analysts are concerned following indications from Spain that approval of online betting exchanges could be delayed.
 
The analysts reported that a conference was held in Madrid this week during which Spanish regulators gave "more colour on the potential future shape of the online gambling market."
 
One of the suggestions was that not all internet gambling products would be available in the first licensing wave and some may have to wait, including betting exchanges.
 
The mere suggestion that this could be the case has prompted some analysts to recommend 'sell' orders on Betfair stock, fearing material impact on 2012-2013 financial forecasts.
 
"We see this as a three-fold problem for Betfair," opined one analyst. "First, and most obviously, if this approach is adopted, then on regulation Betfair is likely to lose most of its 4 percent or so of core revenue from Spain as well as its key USP, even if it gets a licence for other products; given the high fixed cost base and capex, the impact on free cash flow would be material, in our view.
 
"Secondly, Betfair may not get early certainty on when exchanges will be allowed and under what terms, making forward investment in the market and product difficult.
 
"Finally, competing against more settled betting brands and products (with incumbent lobbying power) is likely to be far less attractive than being part of an early regulated 'land-grab', leveraging an existing '.com' presence."
 
The report also revealed that Italy and France, and possibly Cyprus, Germany and Greece are less than enthusiastic about betting exchanges, and that Betfair had filed a complaint with the European Commission about Greece's draft gaming law, this week, claiming it was unfairly excluded from that market.



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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