Tag: sports betting
New Sports Betting & Racing Licenses for French Operator
French operator France Pari has renewed its online sports betting and horse racing licences with national iGaming regulator Arjel. The new licences will run for five years, from June of this year to June 2020. France Pari was one of the first operators in the country to secure licences when France first legalised online gaming in June 2010. The two licences ran for an initial period of five years, with a renewal required in order for them to run for an additional five years. Arjel has now approved this renewal and France Pari will be able to continue offering its…
RAWA Could Criminalizes Nevada Sports Bets
The Restoration of Americas Wire Act bill (known at RAWA) is in Congress and would ban Internet gambling. However, it could also inadvertently criminalize Nevada’s booming mobile sports wagering business, which has been credited with turning the Silver State’s sports books into a $3.9 billion-a-year industry. The measure, backed by Las Vegas Sands Corp. Chairman Sheldon Adelson, is aimed at reversing changes made in 2011 to the 1961 Federal Wire Act. If approved, the RAWA bill would end most forms of online betting, including interactive poker in Nevada. Because the bill would stop transmission of gambling information through wire communications…
German Sports Betting Licenses in Danger
Germany may have to rerun its online sports betting licensing process after a court found that it violated several laws and European Union (EU) edicts. The country began its process of allowing 20 licencees following the passage of the federal Interstate Gambling Treaty in 2012. Those licencees were announced by the Hesse Ministry in September 2014, but were immediately appealed by some of the 21 unsuccessful applicants. On Monday, the Administrative Court of Wiesbaden released its ruling on a challenge brought by, according to reports, an Austrian sports betting operator, finding that the licensing process had violated numerous laws, raised…
With casinos struggling, some advocate sports gambling
CNBC – As another casino in Atlantic City, N.J., plans to close its doors, some believe allowing sports betting could help invigorate a struggling industry. Most states don’t allow wagers on sporting events, thanks to a federal ban. In Nevada, where sports gambling is legal, it accounts for $4.25 million of the $11.2 billion in statewide gaming revenues. ““Sports betting unregulated is a debacle. It’s horrible because it puts money into the wrong people’s hands,” said Bill Pascrell III of Princeton Public Affairs Group. “Why should Nevada and Delaware have a monopoly? … It’s a state’s rights issue,” he said…
Christie Vetoes New Jersey Sports Betting Bill
With his veto pen, Gov. Chris Christie all but ended the New Jersey sports betting efforts to institute sports betting at its casinos and race tracks. Christie’s office announced today that he nixed a bill (S2250) that would have allowed New Jersey to circumvent the 1992 federal law that bans sports betting in most states, after New Jersey’s challenges to the law in court failed. In doing so, Christie called federal law “sacrosanct,” while the sponsor of the bill, state Sen. Raymond Lesniak, said Christie “stuck a dagger in the heart of Atlantic City and our ailing horse racing industry.”…
32Red re-launches sports betting platform
iGaming Business – Online gaming operator 32Red has completed the re-launch of its sports betting platform 32Red Sport in time for this summer’s Fifa World Cup national team football tournament. The sports betting platform will be fully managed by Kambi Group after 32Red struck a deal with the sports betting services business-to-business supplier earlier this year. According to the SBCNews.com website, the re-launched service will target new and existing sports betting customers with a range of special World Cup promotions. The new product will also be promoted through 32Red’s sponsorship of Scottish Championship second-tier football club Rangers. Ed Ware, chief…