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ONLINE SPORTSBETTING ON U.S. NEWSPAPER WEBSITES
US real estate and media mogul (he is the publisher of the New York Daily News newspaper) Mortimer Zuckerman has suggested that online sportsbetting may help to save traditional newspapers in danger of failing as the result of the preference for television and Internet sources of today's news followers.
The publication Editor & Publisher reports this week that in an interview with Forbes.com the savvy businessman and entrepreneur was quoted as saying that the "...[US] federal government ought to ... allow sports betting on newspaper Web sites. That would save every newspaper in America."
Pointing to the practice by British newspapers, Zuckerman called it "a crucial part of their net revenue stream. I know a major newspaper in London that makes $15 million a year from sports betting alone."
E&P points out that Zuckerman's remarks come just two days after a federal judge denied a request by collegiate and professional organizations to stop a planned sports lottery in Delaware until issues regarding the legality of single-game betting are resolved. Since 1992, federal law has prohibited sports betting in all but Delaware and three other states where it already was permitted.
Zuckerman said his solution for newspapers would require an act of Congress and a government willing to face opposition from [land] casino interests: "Newspaper owners have never gotten together to lobby for this because they have always been quite profitable. Those days are behind us," he concluded.
Zuckerman will raise $50 million from the sale of a portion of his stake in Boston Properties to acquire printing capacity to efficiently produce up to 160 pages of high-quality colour.
"I'm not trying to pretend this is going to make the Daily News hugely profitable," he told Forbes.com. "I'm addicted to the print press. I've been a fanatic about journalism since I was 12 years old." He said the cost of the overall project will be nearer $200 million, with the balance coming out of his pocket.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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