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Gambling and Sports Betting News January 2, 2020: Climate Change Now Affecting Casinos?

Written by:
C Costigan
Published on:
Jan/02/2020

Here are today's headlines in the world of gambling and sports betting as they happen - Thursday January 2, 2020.


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Climate Change Affecting Casinos

The Reef Casino in Australia is telling shareholders its insurance bill is increasing by around 60% between 2019 and 2020, due to climate change.   

The insurance carrier has bumped its policy bill from AU$487,000 (US$340,000) to $1.3 million ($909,740) citing an increased risk in natural disasters and climate change.

The previous amount was already 10% of the company’s net profit, and the increase was necessary due to “challenging market conditions in the insurance industry.” It is also looking at increased limits on claims it can make for damages that occur as a result of floods, tidal waves and cyclones.

Read More Here

Our Free Picks Record as of January 2

2019 NFL Record: 3-10 (0%)

2019 College Football Record: 4-2 (66.6%)

2019 MLB Record: 26-18-2 (59%) - No Plays Over -160

2018-19 College Basketball Record: 12-9 (57.1%)

2018-19 NBA Record: 7-5 (58%)

2018 MLB Record: 45-35 (56.2%)

2018 NBA Record: 12-4-1 (75%)

January 2020

December 2019

November 2019

October 2019

September 2019

August 2019

- Aaron Goldstein, Gambling911.com

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