..

Online Gambling News for August 17, 2011: Congress May Okay Web Gambling

Written by:
C Costigan
Published on:
Aug/17/2011
Online Gambling News for August 17, 2011

G911.co has your online gambling news for August 17, 2011.

The New York Post ran a great story on Wednesday suggesting the US Congress may okay Internet gambling.

Sources have told the Post that a bill looking to legalize the activity may find its way before Congress by year’s end, as opposed to the next summer period a few politicians have suggested to industry media in the past.

“I think there is becoming a feeling in Congress that this is something that needs to be regulated and be done,” a source close to the discussions told the Post. “I believe there is a possibility a bill will pass towards the end of the year.”

“The only question is how it is structured,” according to Roger Gross, the publisher of Global Gaming Business magazine.

Senate Majority Leader Harry Reid, who has attempted to push similar legislation in the past, is opposed to states trying to pass their own laws.

Both California and New Jersey are looking to pass state legislation by the fall.

The Post also noted that one of the Republican party’s largest donors, Sands CEO Sheldon Adelson, is also backing legislation and is friendly with House Majority Leader Eric Cantor. 

Arizona Senate Republican Jon Kyl, who helped pass the current law prohibiting online gambling in the US, the Unlawful Internet Gaming Enforcement Act, has also had a change of heart. 

His Web site said, “Efforts to carve out an exception for games like poker, which many believe is a game of skill, may be considered later this year.”

From the New York Post: 

Sen. Jay Rockefellerlast month in an effort to win a debt ceiling extension proposed legalizing Internet gambling saying it could raise an estimated $41.8 billion over 10 years, and an estimated additional $30 billion for states, along with 17 other ideas.

We know time is flying, but year's end is essentially three to four months from now (August 17).

 

 

Centerebet’s shareholders have agreed to support the proposed takeover of the Australian bookmaker by the United Kingdom’s Sportingbet.  Performance rightholders have also given their approval.  The takeover, however, is conditional based on certain waivers and a court hearing to be held on 22 August. 

This news comes just a day after Sportingbet suspended trading on the London Stock Exchange on news that GVC Holdings was expected to take over its Greek-based online betting operation.  There have also been rumors of a takeover by Ladbrokes. 

- Chris Costigan, Gambling911.com Publisher

Gambling News

Can I Bet the Nathan's Hot Dog Eating Contest From My State?

Can I Bet the Nathan's Hot Dog Eating Contest From My State?

You can bet the Nathan's Hot Dog Eating Contest from just about every U.S. state courtesy of BetUS.

Adesanya vs. Pereira and Volk vs. Oliveira Fight Odds Released

Oddsmakers believe that Alex Pereira is up next for Adesanya with Pereira a slight +140 underdog.  Adesanya comes in at -160.  He was a -180 favorite Saturday night.

Where Can I Bet Sports From North Carolina Online?

Where Can I Bet Sports From North Carolina Online?

With news that a push to legalize mobile sports in North Carolina had officially failed on July 2, Tar Heel State residents need not fear. Sites such as NitroBetting, operating offshore, now allow individuals to place bets by simply providing their emails.

Winnipeg Jets to Name Rick Bowness Next Head Coach: Oddsmakers Got This One Very Wrong

Winnipeg Jets Look to Name Rick Bowness Next Head Coach: Oddsmakers Got This One Way Wrong

When oddsmakers at BetOnline released odds on the next head coach of the Winnipeg Jets, there was no price offered on Rick Bowness.

Mystic Zach bets 50 push ups on Volkanovski | UFC 276

Mystic Zach bets 50 push ups on Volkanovski | UFC 276

Mystic Zach and Rashad Evans make a bet on who they think will win the Co-Main Event of UFC 276. Alexander Volkanovski vs Max Holloway.

Syndicate