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The Sports Betting

September 25th General news ... The Sports Betting at thesports-betting.com

ADELSON SHAPING UP FOR ANOTHER MAJOR CONFRONTATION
2014-08-25

Las Vegas Sands multi-billionaire owner Sheldon Adelson has been making headlines with his implacable opposition to online gambling in the United States, but he may face a more formidable foe to his company's expansion in Florida.
The investment publication Motley Fool reports that the Walt Disney World Resort in Orlando is a cornerstone of Disney's global operations, comprising more than 31 percent of the company's revenue in 2013, and one of its most successful and fast-growing enterprises.
And it sees attempts by Adelson and others to introduce massive casino resorts into the region as threats, potentially diluting the massive flow of 18.6 million visitors it enjoyed in 2013.
Earlier this year Disney vigorously opposed legislation to allow casino expansion into Florida, led by Adelson's company.
At present, state law in Florida allows for eight Native American casinos with Vegas-style gambling, and 31 pari-mutuel betting facilities. The threat to Disney is that LVS can offer a family-friendly, fully integrated resort that includes not just gambling, but many forms of non-gaming entertainment.
With theme park revenues alone of $14 billion last year, Disney's clout outpaces even LVS, which reported total revenues of $13.77 billion in 2013.
The issue is being highlighted as the November election of the state's next governor looms, with the main contenders Republican incumbent Rick Scott (known to have visited Adelson and to have ambitions beyond Florida) and Democrat Charlie Crist.
The two are embroiled in an at times vicious political competition for power as each seeks to demean the morals and business-development potential of the other, aided by competing state interests.
Both have been treading carefully around the gambling and casino issue, but the media and the voting public are becoming increasingly insistent that they are specific in their views, and the expectation is that they will have to nail their colours to the mast soon.
Given his relationship with Adelson and ambitions for the White House, Scott seems likely to back the LVS expansion into Florida. He has a record of claiming that gambling expansion can create more jobs and tax revenues for the state.
A study commissioned by Florida lawmakers in October last year showed that allowing full casino resorts could increase spending in Florida by $1.5 billion annually.
According to Bloomberg business news, Disney has contributed $1.7 million to Florida lawmakers since 2012, though gaming companies and interests combined have contributed $3.4 million.
That sort of money invariably gets the attention of lawmakers, and the indications are that Adelson could have a major fight on his hands with a formidable opponent in Disney.




FEDERAL GAMBLING REGULATION SOUGHT IN ARGENTINA
2014-07-09

If you thought the legislative NFL Odds and regulatory regimes for online gambling in the United States were complicated, spare a thought for Argentina operators struggling with different systems in 23 provinces and one autonomous city.

That could change going forward if the Association of Lotteries, Pools and Casinos (ALEA) - a trade association representing the interests of gambling companies in the South American nation - is successful in lobbying for a federal regulatory framework that respects the rights of the provinces but provides a more cohesive and consistent system for regulating online gambling throughout the country.

ALEA is currently working on a draft that it says will bring a more honest and coordinated approach to regulation and exclude unlicensed operators who do not contribute to the community or the government tax coffers.

It's a long overdue overhaul of a confusing and allegedly corrupt, fragmented system which saw its first online casino licence issued as long ago as 2002, although only four licenses have been issued since then; all of them by provincial authorities.

ALEA is betting that the national government, presented with an opportunity to boost its scarce revenues and institute a nation-wide regulatory regime at the same time, will look favourably on the new proposals, which are said to include the usual precautions against underage, problem or criminal activity, alongside stringent probity and software accreditation and a physical presence in the country.

The proposed tax rate, always a key element in these situations, is at present not known.



BWIN EXECS IN LINE FOR A FRENCH FINE?
2014-04-08

In the days before online gambling was legalised in France, Bwin founders Norbert Teufelberger and Manfred Bodner found themselves in conflict with the French authorities over soccer sponsorships with French clubs and other online gambling activity.

Those disagreements have persisted to the present, and a recommendation by a French court in Nanterre this week that a Euro 40,000 fine be imposed on the two online gambling executives.

Back in 2006 the French companies dominating the French betting landscape, La Franaise des Jeux and Pari-Mutuel Urbain, complained about Bwin's online gambling activities in the country.

Although the companies subsequently withdrew their complaints, French prosecutors continued to investigate, and the two online gambling executives were briefly detained whilst launching the Bwin sponsorship of a Monaco soccer team (see previous InfoPowa reports).

The case, which involves allegations of wrongdoing going as far back as 2003, has continued to lumber along despite the radical changes to the internet gambling scene in France that have taken place. These have included Bwin being among the first companies to acquire French online gambling licenses.

It looked as if the matter would finally be brought to a conclusion in September 2013, when a court hearing was scheduled, but flaws in communication meant that Teufelberger and Bodner did not present themselves before the court.

The matter was rescheduled to this month, when the duo would have an opportunity to put forward the company's view that there was no wrongdoing and that its activities have always been in compliance with European Union law and principles, and opinions by the European Commission appear to support that view.

The news broke this week that the French court - perhaps prematurely, bearing mind Bwin's claims of innocence and the lack of a judicial hearing of its case - has recommended the imposition of a Euro 40,000 fine.

How Bwin handles this situation will be watched with interest; in 2012 the company also faced trouble with the authorities in Belgium over its online activities in that country, a situation which it resolved by reaching an agreement with Belcasinos, a Brussels casino group owned by Partouche, to offer Party-branded online gambling under licence from the Belgian Gambling Commission.