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The Sports Betting

September 22nd 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 Bicimotos 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.



MARKETING PUTS GAMING REALMS IN THE RED
2014-06-17

Online gambling group Gaming Realms has reported a mixed bag of financial news for the six month period to end March 2014, noting that revenues soared 400 percent to GBP 3.6 million in the period and player acquisition is good, but that aggressive marketing has created a loss prior to taxation of GBP 4.9 million (2013 same period GBP 3.4 million loss).

Chief executive Patrick Southon is unperturbed by the loss, saying that it was expected due to heavy marketing and is in line with the company's overall financial strategy.

"We are pleased with our growth in player acquisitions and revenue. In accordance with our business strategy and financial plan, we invested aggressively in marketing, which has translated into a solid foundation for the future growth of our business, he said Monday.



ONLINE BETTING COMPANY TO SPONSOR TOP SNOOKER TOURNEY
2014-02-26

UK snooker's most prestigious invitation tournament, The Masters, will be sponsored by online betting firm Dafabet for the first time this season, reports the publication World Snooker.
The Dafabet Masters runs from January 12 to 19 at Alexandra Palace in London and features the world's leading 16 players, including defending champion Mark Selby, World Champion Ronnie O'Sullivan, world number one Neil Robertson, Chinese ace Ding Junhui, Judd Trump and John Higgins.
With a top prize of GBP 200,000 the competition should generate plenty of excitement and action, and will be telecast by the British Broadcasting Corporation to the millions of snooker fans around the world.
Founded in 1975, the Masters Tournament has a rich history of world-class snooker action. Dafabet sponsored the Players Tour Championship Grand Finals last season and will therefore be aware of the massive global audience that can be reached through snooker, and the brand awareness that this can deliver.
John Cruces, head of sports marketing and sponsorships at Dafabet, said this week: "2014 is going to be a huge year for sport, and sponsoring the Masters is a great way for us to kick the year off."


SPORTRADAR EXTENDS PARTNERSHIP WITH AUSSIE FOOTBALL
2014-02-18

Sportradar and the Football Federation of Australia (FFA) have extended their partnership to include Fraud Detection System monitoring of betting patterns on the state National Premier Leagues for the 2014 season.

Safeguarding the integrity of football in Australia is at the core of everything we do and this agreement is an important extension of our robust and forward thinking integrity programme, said David Gallop, chief executive officer of the FFA.