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Gambling and Sports Betting News Wire - September 30, 2019

Written by:
C Costigan
Published on:
Sep/30/2019

Here are today's headlines in the world of gambling and sports betting as they happen - Monday September 30, 2019.


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Everton FC Sponsor SportPesa Suspends Gambling Operations in Kenya

SportPesa has suspended its Kenya gambling operations following a steep increase in taxation on betting stakes.

Online sports gambling firms such as SportPesa have grown rapidly in the East African nation in recent years, riding a wave of betting interest.

The Kenyan government says the betting industry generated revenues of 204bn shillings (£1.6bn; $2bn) last year.

Parliament has now voted to raise the excise duty on bets, from 10% to 20%.

SportPesa said it was "disappointed" by the move and that it would stop its operations until a "non-hostile regulatory environment" returned. The firm has deactivated its website. It said the new tax comes on top of an existing 20% tax on individual gamblers' winnings.

G911 Goes 2-0 in Week 4 and Books Did Well Too

The books made out like bandits this Sunday with wins on the Bills and Lions covers and an even nicer win by the New Orleans Saints against the Dallas Cowboys.

Gambling911.com managed to go 2-0, but we're still 2-5 after Week 4. 

Our Free Picks Record September 30

2019 NFL Record: 2-5 (0%)

2019 College Football Record: 2-1 (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%)

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August 2019

Gambling News

First Things You Need to Know About Starting Your Own Online Sportsbook

First Things You Need to Know About Starting Your Own Online Sportsbook

The sports betting industry is, for sure, one of the biggest and most profitable you will ever find in the modern world. Betting on sports, casino games, horse racing, and other gambling products, have become one of the most popular hobbies and fun daily activities for millions and millions of people from all over the world, and if you can get in on it and run your own operation, then you will most probably start getting a good piece of the pie. 

Gambling Company Stocks Tanking, Calls for Ban on Team Sponsorship Deals

Gambling Company Stocks Tanking, Calls for Ban on Team Sponsorship Deals

Investors appear concerned over Penn National's “free” customer acquisition through the Barstool brand, and DraftKings spend to acquire its customers.

Sports Betting Set For Explosive Growth in 2021:  CEOs Share Outlook

Sports Betting Set For Explosive Growth in 2021: CEOs Share Outlook

Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: MGM Resorts International (NYSE: MGM), FansUnite (OTC: FUNFF) (CSE: FANS), fuboTV (NYSE: FUBO), and DraftKings (NASDAQ: DKNG).

Can Weed Help Build Atlantic City?

Can Weed Help Build Atlantic City?

Rebuilding the iconic Atlantic City Boardwalk to enable it to survive future severe storms; improving the look of the city’s main downtown business districts; helping people in underserved communities, and embracing the “blue economy” of the ocean are among recommendations from a state-appointed panel studying ways to improve the seaside gambling resort.

Poker Player, Sports Bettor Jailed for 14 months in $1million Tax Evasion Case

Poker Player, Sports Bettor Jailed for 14 months in $1million Tax Evasion Case

A Connecticut sports bettor and part-time poker pro has been sentenced to 14 months in prison for evading taxes on more than $1million of poker gambling winnings.  He must also pay back more than $800,000.

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