Tag: legal
Utah May Legalize Horse Race Betting
A Utah lawmaker rolled out a bill seeking to legalize horse race betting, despite the fact that gambling is for the time being illegal in Utah. The new bill called SB181 is sponsored by Senator David Hinkins. It will provide local voters with the chance to make decisions on the fate of wagering on horse racing or so-called “parimutuel betting” in each county. According to the bill’s sponsor, the proposed piece of legislation is to be backed by some counties across the state. Senator Hinkins has further shared that to him, the state ban on horse race betting is an…
New Jersey’s Moves to Legalize Sports Betting: American Gaming Association backs them
News emanating from top American news outlets has unequivocally confirmed that the American Gaming Association has officially taken sides with 20 American states to support New Jersey’s quest to legalize sports betting and casino in the state. New Jersey’s latest appeal is coming on the heels of a concerted and long drawn out legal battle which has seen several courts strike out appeals by the state to overthrow the Professional and Amateur Sports Protection Act, which prohibits sports betting in all but four states within the American Union. If New Jersey emerges victorious in court, then it would have achieved…
Fantasy Sports Legalized in Massachusetts
The future of daily fantasy sports (DFS) has been secured in Massachusetts after regulations were signed into law by the US state’s governor. The new rules include a minimum age of 21 for participants, bar games based on college or amateur sports and prohibit individual players from spending more than $1,000 each month without proof they could withstand deep financial losses. The regulations, which were put forward by Attorney General Maura Healey earlier this year, also require DFS operators to offer ‘beginner’ contests that highly experienced players would be prevented from entering. After signing a bill including the DFS provisions,…
The Push for Legal Sports Betting in America
A coalition of sports betting industry stakeholders is planning a formal lobbying effort on Capitol Hill, potentially in early 2017, that will push for the expansion of legalized wagering. That was the biggest news from the American Gaming Association at a conference for media members on Thursday. The AGA is leading the effort to shape the coalition and has made sports betting its signature initiative in recent months. On Thursday, the AGA cited the NHL’s decision to locate a franchise in Las Vegas as a major step in the evolution of American sports betting. AGA senior VP of public affairs…
An Argument for Legal Online Poker
The politics of prohibition reared its ugly head again last month when legislation was introduced to ban all Internet gambling, including the fledgling intrastate web poker industry that exists in Nevada. The bill from U.S. Sen. Lindsey Graham, R-S.C., is a clear play to boost the chances of his long-shot presidential campaign. Las Vegas Sands Corp. Chairman Sheldon Adelson, a Republican Party mega-donor, happens to oppose Internet gambling, including poker. Web poker was played all over the country, for real money, before sites were shut down in 2011 by the Justice Department under a flawed interpretation of the Wire Act….
Illegal Greek Gambling Profits Exceed Legal Market
Hellenic Gaming Commission Executive President, Evgenios Giannakopoulos, stated that the amount of money gained from illegal Greek gambling exceeds the amount of money made from the country’s legal market. The Greek legal gaming market’s profits has shown a decline of about 35 percent from 2009 to 2013, dropping from 8.7 billion euros to 5.5 billions respectively. A decline was also recorded in gross profits where 1.5 billion euros were made in 2013 compared to 2.5 billion in 2009. Official data released by the Greek Commission for the Supervision and Control of Games (EEEP) has shown that profits from 60,000 to…