Gambling and Sports Betting News Wire - October 14 2019
Here are today's headlines in the world of gambling and sports betting as they happen - Monday October 14, 2019.
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G2E Panelist Claims DOJ Slowing Spread of Sports Betting in PA
The revision in the DOJ decision has had an impact on the industry in at least one area, according to one G2E panelist Monday.
Spin Games LLC CEO Kent Young said that the DOJ’s opinion has slowed the spread of iGaming in the U.S.
“If you look now, there’s only two operators operating iGaming in Pennsylvania,” Young, whose company specializes in on-property and mobile and innovative gaming entertainment, said. “Without the DOJ opinion, there would be (more) up and running now.”
Greg Brower, the former U.S Attorney in Nevada and an attorney with Brownstein Hyatt Farber Schreck in Las Vegas, believes that a First Circuit ruling against the DOJ would likely result in the Department backing off.
From CDC Gaming Reports:
Brower compared the issue to cannabis, which has seen some states legalize its use despite its being against federal law. The DOJ isn’t addressing cannabis in states where it is legal, he said.
“Here (with the Wire Act) it’s not crystal-clear what the law says, but it seems to be even more likely in this context the DOJ would back off, especially if it suffers defeat in the First Circuit,” Brower said.
Brower said he doesn’t see any scenario where federal prosecutors would go after licensed legal operators for Wire Act violations, or violations of a 2006 law prohibiting payment processing for internet gambling, even though the opinions from the department can’t be ignored.
Despite that opinion, which Brower said “is no small thing,” he said it’s “hard to imagine” the department taking an aggressive posture with wire transactions.
MGA Issues Brexit Guidance to UK Stakeholders
MGA issues Brexit guidance to UK stakeholders https://t.co/FA1joVkGni pic.twitter.com/s4FaZZc5it
— iGaming Business (@iGamingBusiness) October 14, 2019
Books Won Big With Jets
From David Payne Purdum of ESPN.com:
• The biggest decision of the day for the Borgata sportsbook in Atlantic City was on the Dallas Cowboys-New York Jets game. The book needed the underdog Jets.
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• "The Jets were by far the biggest [win]," Caesars senior oddsmaker Alan Berg said. "Like two-and-a-half times bigger than any other game. The next would be the Texans and the Cardinals."
• "The Jets winning outright made it a very good day," SuperBook vice president of risk Ed Salmons said in a text message.
• A bettor at a William Hill sportsbook in New Jersey placed a $250,000 bet on the Jets +7, according to Covers.com.
Our Free Picks Record October 14
2019 NFL Record: 2-5 (0%)
2019 College Football Record: 3-1 (75%)
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%)
