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Uodate on Sports Betting: Commercial and Integrity Issues
Monday September 15,2014 : BETTING INDUSTRY RELEASE UPDATED SPORTS BETTING REPORT
Commercial vs Integrity Debate
The ABB, EGBA, ESSA and RGA have published an updated version of the "Sports Betting: Commercial and Integrity Issues" report originally released in 2010 by Jason Foley-Train.
The report is described as a comprehensive and evidence-based resource and analysis that provides an insight into the important symbiotic commercial and integrity relationship between the sporting and betting sectors.
“Unfortunately the sports betting integrity debate is too often driven by either the ill informed or those looking to gain a commercial advantage," commented Clive Hawkswood, RGA Chief Executive. "I very much hope that this report will go a long way towards educating opinion formers of the facts of the situation, strengthening their knowledge base and ultimately providing a foundation for progress.”
Khalid Ali, ESSA Secretary General, added: “The report corroborates much of what the regulated betting sector has been advancing for over a decade; attacks on the integrity of sport are principally directed by organized criminal groups seeking to exploit the vulnerabilities of sports’ own participants, often from poor governance.
“Regulated betting operates are actually the potential victims of such fraud, immediately questioning the rationale behind the “sports right” approach, which has been widely criticised in a recent report for the European Commission as being inefficient and having numerous practical and operational flaws, along with a number of legal obstacles within the EU.”
The full report can be accessed at:
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Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
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.
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