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Gambling and Sports Betting News Wire - July 8, 2019

Written by:
C Costigan
Published on:
Jul/08/2019

Here are today's headlines in the world of gambling and sports betting as they happen - Monday July 8, 2019.

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Draftkings Will Have to Pay One Gambler $18.7K for Alonso HR Derby Win

Las Vegas and Reno Casinos Betting Big on eSports to Draw Millennials

10:41 pm ET - The Luxor opened an esports arena in one of its former nightclub spaces.

The 30,000 square-foot facility designed to host live video game tournaments broadcasted to thousands watching online also offers a place for tourists to play their favorite games at consoles and PCs for an hourly fee.

It's a dramatic shift for the Vegas casinos, which are looking for other ways to drive business of younger age groups. 

“I would love to see Vegas be somewhat of a Disneyland for esports,” said Lovell Walker, head of the esports department at MGM Resorts International. “(A place) where a customer or consumer or fan of esports for that matter looks at Las Vegas as if it is Disneyland, and there’s an expectation that something esports related is going on in our city.”  Read More From USAToday Here

Cada Gives Advice for Playing "Post"-Liminary Events

Bitcoin Breakout May Be Ahead as Technicals Show Rally Extension

8:18 pm ET - From Bloomberg: Following an increase in prices over the last two days, Bitcoin has surged above its upper Vera band limit, which identifies upward or downward trends. The move indicates a sharp rise could be on the horizon as the token continues to trade above that limit.

Bitcoin’s followed a similar trend since mid-February and has breached yearly highs at least once every month since then. The cryptocurrency broke above its upper band limit for the first time this year in early February, for instance, and reached a fresh yearly high shortly afterward. It happened again in mid-June, and Bitcoin hit its 2019 high of $13,851 just three days later. Overall, Bitcoin is up more than 220% this year.  Read More From Bloomberg Here

Jack Liu: Working to a Bitcoin Future

More Online Gambling Sites Placed on Russia Blacklist

4:33 pm ET - The bulk of the new additions are operators based in Curacao and Cyprus, including familiar faces such as Bonnal Ltd (1xBet), Shamoo Holding Ltd (MostBet) and Panbet Curacao NV (MarathonBet).

Scarlet letters were also pinned on Netgame Entertainment NV (Reel Emperor), Planet of Bets Entertainment, 2Go Enterprises (Casino 2Go), Tropical Gaming LLC (Golden Cave Casino), Castigat Investments Ltd (GGBet), Vavada Ltd (Vavada Casino), Discreet Holdings Inc, Probe Investments Ltd (Energy Casino) Wayone Ltd (Futuriti Casino), Livestream Ltd (Loot.Bet), JocSolutions Ltd (Argo Casino), MOMUS2006 LP (BetItAll) and Aveia Ltd.

Russia shows no sign of giving up its efforts to prevent its citizens from gambling with anyone other than the roughly 20 online sportsbooks that have received local permission to operate.  Source: CalvinAyre.com

Avery Bradley is Set to Sign a $9.7 Million Contract with the Lakers

4:02 pm ET - Avery Bradley is set to sign a $9.7 million contract with the Lakers on Monday once he clears waivers, @espn reports.

The 6-foot-2 guard is known for his defensive versatility, having been reared in Doc Rivers' system. Noted offensive talent Kyrie Irving once said that Bradley guards him better than anyone in the league.

Bradley started 49 games for the LA Clippers last season before being traded to the Memphis Grizzlies in February for forward JaMychal Green and guard/forward Garrett Temple.

Lakers still pay $25 for every $10 bet or $250 for every $100 bet to win the 2020 NBA Championship.

Guest Hits $400,000 Jackpot at Seminole Hard Rock Hotel & Casino Hollywood

3:34 pm ET One lucky guest at Seminole Hard Rock Hotel & Casino Hollywood went into Independence Day weekend a big winner. A local South Florida resident, who requested to remain anonymous, hit a jackpot for $400,000 on the “Game King Multi-Game” on Wednesday, July 3, at approximately 5:30 p.m.

From April 2019 to June 2019, Seminole Hard Rock Hollywood paid out an average of more than $50 million in jackpots each month.

Coco Gauff Eliminated From Wimbledon

12:57 pm ET - Coco Gauff's Wimbledon run is over.

The 15-year-old American lost to former No. 1 Simona Halep 6-3, 6-3 in the fourth round.

Halep broke Gauff five times and took advantage of 29 unforced errors. Gauff saved two match points when serving at 5-2, but Halep clinched the win when the teenager sent a forehand wide in the next game.

Gauff was playing in her first Grand Slam tournament after becoming the youngest player to qualify for the Wimbledon main draw in the professional era. She knocked out five-time champion Venus Williams in the first round.

Halep reached the Wimbledon quarterfinals for the fourth time and will next face Zhang Shuai of China.

This Year's WSOP Main Event Winner to Get $10K

This year's World Series of Poker Main Event entries is up 9 percent

There is a total prize pool of $80,548,600 with 1,286 places to be paid

The winner will receive a cool $10,000,000

Other stats include Min-Cash: $15,000 344 late registered for Day 2C Entries by day: 1,334/1,914/4,877/100/344

Georgii Belianin Disqualified From WSOP Main Event for Stealing Chips

10:49 am ET - Georgii Belianin was disqualified from the 2019 World Series of Poker Main Event over the weekend after stealing a player’s entire stack as he scooped in a won pot.

When reaching out to claim the chips won from a small pot, he put his arm around the player to his left’s stack and collected that one as well.

World Series of Poker Vice President Jack Effel arrived on the scene within seconds to escort Belianin out.

 

Betting on Sports Boosted by IAGA Partnership

9:50 am ET - Betting on Sports has been given the backing of The International Association of Gaming Advisors (IAGA), as the world’s leading sports betting industry event prepares to host 3,500 delegates for its 2019 edition at Olympia London from 17-20 September.

The sponsorship deal represents a strengthening of the relationship between IAGA and Betting on Sports organiser SBC. IAGA previously backed the successful inaugural edition of SBC’s Betting on Sports America, which attracted 1,500 senior industry figures to Meadowlands Exposition Center, New Jersey in April, while SBC was a sponsor of IAGA’s 38th Annual International Gaming Summit.

This latest deal will see IAGA sponsor the drinks reception on Betting on Sports’ 6,300 sqm exhibition floor on Wednesday 18 September from 5pm-7pm, which will be filled with more than 120 leading platform providers, affiliates, operators and payment firms showcasing their latest product and service innovations.

Kirsten Clark, IAGA Executive Director, said: “We’re delighted to be supporting SBC’s upcoming Betting On Sports event in London, which will allow us to showcase IAGA to the thousands of delegates attending from around the world. SBC’s inaugural Betting on Sports America conference earlier this year was a valuable experience for us, and we look forward to expanding our support of SBC as they continue to provide high-quality events that bring together key sports betting industry decision makers who discuss the issues facing the sector.”

IAGA’s continued backing is an important development for SBC and its Betting on Sports conferences, as the Nevada-based organisation is one of the key forums for major players in the industry to discuss the key issues that affect both the North American and global gaming sectors.

Founded in 1980, IAGA’s membership includes regulators, industry specialist legal and financial experts, casino executives and academics, while it can count IGT and MGM Resorts among its annual sponsors.

Rasmus Sojmark, CEO & Founder at SBC, said: “IAGA’s involvement is another indicator of the growing reputation of Betting on Sports as the leading global event for executives from sports betting operators, suppliers, regulators and sports organisations to share knowledge about the sector.

“We have put together an impressive speaker line-up for London to cover topics including the European, US and emerging markets, technology, payments and regulation, along with plenty of social events and networking opportunities. As a result, we are expecting our largest ever delegate numbers.”

Registration for Betting on Sports 2019 tickets is open.

For enquiries regarding sponsorship or exhibition opportunities, please contact SBC on sales@sbcgaming.com

Our Free Picks Record July 8

2019 MLB Record: 17-12-2 (58.6%) - 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%)

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