Sports Betting
Sports Betting
Betfair Comes To New Jersey: Wants Piece of Online Gambling Market
With New Jersey looking to legalize online gambling, including sports betting, powerful European-based companies are working on getting a piece of the pie.
Online Gambling Firms Centrebet, Playtech, William Hill Profits All Up
More good news for the online gambling sector as a number of top firms reported profit increases on Thursday: Centrebet, Playtech and William Hill among them.
Following in the footsteps of strong financial numbers from Ireland’s online powerhouse Paddy Power, Centrebet out of Australia said its profits jumped a whopping 75 percent.
Jagajeet Chiba: Betfair Marketing Campaign Would be a Tough Sell in States
Jagajeet Chiba discusses Betfair’s latest marketing blitz. His views and opinion do not necessarily reflect that of Gambling911.com Management.
While Betfair has some presence in the United States through its horse racing arm (this form of online betting is deemed “legal” under the Unlawful Internet Gaming Enforcement Act), much of its betting exchange remains off limits to U.S. residents. That is the least of their worries.
Former New Jersey Governor Endorses Sports Betting
"The Hanson report commissioned by Christie to consider an overall plan for the state's gaming business does not deal with sports betting. There is a huge market for sports betting; a lot of money is bet illegally on the Super Bowl alone. It would appear that public opposition to legalization is fading and obstacles can be overcome. The activity is already there, and it is pure logic that we take advantage. State Sen Ray Lesniak, D-Union, may lead the way."
Recession Hits Sports Tout Business as Sevransky Home Goes Into Foreclosure
IMEGA vs. Holder - Federal Defendant's Motion to Dismiss
IMEGA vs. Holder - Federal Gov. Motions to Dismiss, August 2, 2010
Sen. R. Wright (CA) Supports PASPA Lawsuit for Sports Betting in NJ
California may benefit from legalizing sports betting, state senator says
William Hill “Worst Ever Royal Ascot” Blamed for Poor Profit Margins
William Hill continues to hint at moving its telephone business offshore following dismal results over the past year compared to its online arm.
"Poor horse racing results" led to a 33% fall in net telephone revenue, with a statement from Hills explicitly pointing out: "The board has previously noted the challenge of competing with UK betting exchanges and Irish offshore telebetting operators, all of whom have benefited from significant tax and cost advantages over UK bookmakers. The situation is under active review."
Sports Betting Scam Bilked Investors Out of $1 Million
The U.S. Attorney's Office in Nevada has charged Yul Na with 30 counts of wire fraud, 29 counts of money laundering and criminal forfeiture related to a sports betting scam that bilked investors out of nearly $1 million. Na has been charged with money laundering and fraud charges and will have to pay a $250,000 fine on each count as well as the forfeiture of money or property up to $962,350.
New Jersey Governor Christie Opts Out of Sports Betting Suit
Citing other pressing issues including the current economic crisis, New Jersey Governor Chris Christie has opted to back out of a lawsuit that promises to bring millions of dollars in revenue to th
Paul The Octopus World Cup Picks Net Punters Half Million
By now, Paul the Octopus has become a household name, and for good reason. With Spain winning the 2010 FIFA World Cup (they were early 3/1 favorites coming into the tournament), Paul's World Cup
£10bn Bet On 2010 World Cup
The 2010 World Cup has been a massive success for bookmakers both online and local. A whopping £10bn has been wagered on the tournament across the globe.
Bookmaker Hilton Hasson told the South Africa Times: "Although I had expected the World Cup to dwarf any other event in the country ... it has been phenomenal."
