Category: sportsbook

Officials had plans to open a sports betting service at the New Jersey race tracks as soon as possible, but it looks like they need more time.

At the beginning of September, Governor Chris Christie’s administration took one more step to help New Jersey’s gambling industry grow, by issuing a directive that made it legal for casinos and racetracks to offer sports betting services.

But it looks like there are more hurdles to pass before New Jersey players can legally place wager on sports scores, as the decision was challenged by professional sports leagues. These are the same organizations which fought the state’s efforts to reverse the ban on sports betting, when the US Supreme Court declined to hear the case.

The governor said he did his research and found no trace of previous federal court rulings prohibiting casinos and horse racing tracks from offering sports betting. Now the topic has become a widely debated issue, with a federal ruling expected on October 6.

Miami Herald: New Jersey track extends date for sports betting

The management of the racetrack had plans to open the sportsbook in 45 days, or at least by the end of October. Dennis Drazin, a legal adviser to Monmouth Park, was even more optimistic, hoping to get things going on the first weekend after the directive was issued.

Now the racetrack announced it was taking its time with the big launch, giving the federal judge time to rule on the legality of the directive issued by the New Jersey administration. The court decision is expected to be issued on October 6.

Recent online gambling news wrote that Monmouth Park needs more time to set up phone lines and Internet connections for the operation, as well as to hire 111 new employees. The racetrack is planning on establishing its own private association to regulate sports betting, since the state hasn’t taken care of this. Other casinos or racetracks will be welcome to join the group.

While the legal adviser said he would start taking bets as soon as possible, a Meadowlands Racetrack spokeswoman for the said the establishment wasn’t planning on offering such services for now.

Houston Chronicle: Q&A: New Jersey’s sports gambling push

After Government Chris Christie issued an order this September, saying that racetracks and casinos won’t be prosecuted for taking wagers on sports event, legal issues are still waiting to be resolved before establishments actually start accepting bets. The Houston Chronicle offers answers to some of the most common questions surrounding the issue.

If you want to know why no one is offering sports betting yet, you should know that racetracks and casinos are still waiting for a federal judge to rule on the legality of the new directive. The New Jersey Legislature might also need to take further action before operators launch these services.

The professional sports leagues who sued Christie in 2012 to stop sports wagering in the state have not taken any legal action against the September 8 order yet, but they are probably also waiting for the judge to rule on the issue before proceeding.

Monmouth Park Racetrack officials have already indicated they’d be willing to take bets as soon as possible. The racetrack is even working with a sports betting firm, preparing a room to be used for the new service.

NJ.com: Quigley: Sports betting banned? Don’t bet on it

Good news for New Jersey players eager to put money on sports event. Governor Christie made sportsbooks legal in the state, and Monmouth Park promised to offer these services real soon. Some limitations might be imposed, such as betting on games played in state or being played by New Jersey colleges, but apart from that, sports wagering might get the green light through racetracks and casinos.

In 1992, when Congress passed the Professional and Amateur Sports Protection Act, sports betting became illegal in all but four states. Nevada, Delaware, Oregon and Montana already permitted such wagering, so they were exempt from the rules. A recent poll showed New Jersey residents were two-to-one in favor, but until recently the activity has been illegal.

After four Atlantic City casinos closed this summer, reread an old court decision and concluded that as long as New Jersey did not officially “authorize” sports betting, the state would not get into any legal trouble. This is how the Governor decided he would issue an order saying that entities running sports betting activities would not be prosecuted.

The state treasury is bound to gain from ordinary corporate business taxes, while racetracks and casinos will benefit from an increased client base.

Officials had plans to open a sports betting service at the New Jersey race tracks as soon as possible, but it looks like they need more time.

At the beginning of September, Governor Chris Christie’s administration took one more step to help New Jersey’s gambling industry grow, by issuing a directive that made it legal for casinos and racetracks to offer sports betting services.

But it looks like there are more hurdles to pass before New Jersey players can legally place wager on sports scores, as the decision was challenged by professional sports leagues. These are the same organizations which fought the state’s efforts to reverse the ban on sports betting, when the US Supreme Court declined to hear the case.

The governor said he did his research and found no trace of previous federal court rulings prohibiting casinos and horse racing tracks from offering sports betting. Now the topic has become a widely debated issue, with a federal ruling expected on October 6.

Miami Herald: New Jersey track extends date for sports betting

The management of the racetrack had plans to open the sportsbook in 45 days, or at least by the end of October. Dennis Drazin, a legal adviser to Monmouth Park, was even more optimistic, hoping to get things going on the first weekend after the directive was issued.

Now the racetrack announced it was taking its time with the big launch, giving the federal judge time to rule on the legality of the directive issued by the New Jersey administration. The court decision is expected to be issued on October 6.

Recent online gambling news wrote that Monmouth Park needs more time to set up phone lines and Internet connections for the operation, as well as to hire 111 new employees. The racetrack is planning on establishing its own private association to regulate sports betting, since the state hasn’t taken care of this. Other casinos or racetracks will be welcome to join the group.

While the legal adviser said he would start taking bets as soon as possible, a Meadowlands Racetrack spokeswoman for the said the establishment wasn’t planning on offering such services for now.

Houston Chronicle: Q&A: New Jersey’s sports gambling push

After Government Chris Christie issued an order this September, saying that racetracks and casinos won’t be prosecuted for taking wagers on sports event, legal issues are still waiting to be resolved before establishments actually start accepting bets. The Houston Chronicle offers answers to some of the most common questions surrounding the issue.

If you want to know why no one is offering sports betting yet, you should know that racetracks and casinos are still waiting for a federal judge to rule on the legality of the new directive. The New Jersey Legislature might also need to take further action before operators launch these services.

The professional sports leagues who sued Christie in 2012 to stop sports wagering in the state have not taken any legal action against the September 8 order yet, but they are probably also waiting for the judge to rule on the issue before proceeding.

Monmouth Park Racetrack officials have already indicated they’d be willing to take bets as soon as possible. The racetrack is even working with a sports betting firm, preparing a room to be used for the new service.

NJ.com: Quigley: Sports betting banned? Don’t bet on it

Good news for New Jersey players eager to put money on sports event. Governor Christie made sportsbooks legal in the state, and Monmouth Park promised to offer these services real soon. Some limitations might be imposed, such as betting on games played in state or being played by New Jersey colleges, but apart from that, sports wagering might get the green light through racetracks and casinos.

In 1992, when Congress passed the Professional and Amateur Sports Protection Act, sports betting became illegal in all but four states. Nevada, Delaware, Oregon and Montana already permitted such wagering, so they were exempt from the rules. A recent poll showed New Jersey residents were two-to-one in favor, but until recently the activity has been illegal.

After four Atlantic City casinos closed this summer, reread an old court decision and concluded that as long as New Jersey did not officially “authorize” sports betting, the state would not get into any legal trouble. This is how the Governor decided he would issue an order saying that entities running sports betting activities would not be prosecuted.

The state treasury is bound to gain from ordinary corporate business taxes, while racetracks and casinos will benefit from an increased client base.

In efforts to maintain a more transparent approach with their gaming practices, some of the biggest bookmakers in Britain believe it is in their best interest to establish a supervisory watchdog. This newly formed group will aim to keep them in line with responsible gambling and other relevant standards that the industry calls for.

The Guardian: Bookmakers sign up to voluntary watchdog

With the current industry demands to create a higher standard of gaming and increase efforts to engage in responsible gambling, several high-profile firms are looking into setting up a watchdog. William Hill, Ladbrokes, Coral and Paddy Power are all among the gaming providers that want to implement the new group to oversee their practices.

They have come up with this plan in order to help them with avoid statutory measures for offering “free money” on many of their gaming machines and in betting shops. All of these big firms have agreed to remove all advertisements for touch-screen roulette machines from their respective shops starting from next month.

Additionally, they will also install responsible gambling messages that will be visible across a fifth of their shops’ space. Advertisement that promote “free bets” and “free money” for players to claim will not be aired before 9pm.

Latest gambling news reports that the new overseeing association will be called the Senet Group. Among their many responsibilities will be to fund educational advertising campaigns on problems that are associated with gambling. The group will also make sure to alter their TV commercials to contain more messages that are oriented towards responsible gambling.

Latest gambling news reports that Silver is determined many states that are currently experiencing financial difficulties will want to follow the model set by Nevada. The gaming state allows sports betting and is showing a steady growth.

Financial Times: Britain’s biggest bookmakers to create gambling watchdog

In order to follow through on tougher gaming standards that are being imposed by officials, four of the biggest bookmakers in Britain will create a new overseeing body. Problem gambling has become a heated debate in the industry, so establishing a board should help them curtail issues associated with that.

The self-regulatory body will be titled the Senet group (named after a board game in ancient Egypt), and its purpose will be to help maintains the standards that are sought by the industry today. The group will have the capacity to “name and shame” and also impose fines for any companies that don’t follow through on the missions and objectives set by it.

Other big name gaming providers like Bet365 and BetFred have also been invited to participate and sign-up for the new supervisory entity. The planned date for its launch is currently believed to be in January after several important steps pass completion.

Chief executive of Gala Coral, Carl Leaver, stated, “Actions speak louder than words. That’s why the Senet Group will be given the independence, budget and purpose to hold the betting industry to account.”

Recently, government official have expressed concern about the increased number of betting shops and the effect that they have on Britain’s society. This has seen them launch initiates to reduce problem gambling which is heavily linked to gambling advertisements and high-stakes betting machines that are provided by many betting shops.

Express & Star: Bookies back responsible gambling

William Hill, Ladbrokes, Coral and Paddy Power have all come together to form a new overseeing entity that is intended to help them maintain responsible gambling practices. Many corners of the country believe that gambling providers should be held accountable for problems that may arise due to intense gambling pursuits.

Therefore, the new body titled the Senet Group will be tasked with implementing strict guidelines and measures for all the gambling providers to follow. The key goals that have been put forward by the firms involve the voluntary ban on advertising various gambling offers such as “free bets” and “free money” before 9 pm.

Betting shops will also remove all advertisements of gaming machines from all their windows. Additionally, they will convert a fifth of their shop window advertisement space into messages that will bear responsible gambling points, according to gambling news.

The aim is to protect “vulnerable” gamblers from spending all of their money, while the new group will also have the power to “name and shame” and impose fines for any provider that doesn’t follow the regulations.

Although currently there are four founding companies looking to establish a watchdog, others have also been encouraged to join. Chief executive of Ladbrokes, Richard Glynn, commented, “Gambling has long been a leisure pursuit and part of the cultural fabric of the UK, but we are alive to the concerns of the public to keep gambling a responsible and fun activity.”

PoliticsHome: Four bookmakers set up watchdog to keep themselves in check

A total of four gaming providers have come up with a plant to set up an overseeing body that will make sure all the companies are running socially responsible operations. William Hill, Ladbrokes, Gala Coral and Paddy Power have all agreed to start the new Senet group to keep them in line with the guidelines demanded by government officials and the public.

All of the big four companies are already member of the Association of British Bookmakers, and the new group will help them maintain leverage over BetFred, which the largest non-member of the Association.

The Gambling Commission was established by the government to oversee and make sure all practices are scrupulous and responsible towards the society at large. However, up until it has not done much with its powers but instead has managed to receive criticism from some corners of the public for not doing any effective work.

No fines or penalties like loss of license have been issued to providers for breaching regulations on gambling. The Commission has not been able to discipline the perpetrators for not following the rules which has propelled the government and the public to seek a better regulating body to ensure all runs according to the guidelines.

In efforts to maintain a more transparent approach with their gaming practices, some of the biggest bookmakers in Britain believe it is in their best interest to establish a supervisory watchdog. This newly formed group will aim to keep them in line with responsible gambling and other relevant standards that the industry calls for.

The Guardian: Bookmakers sign up to voluntary watchdog

With the current industry demands to create a higher standard of gaming and increase efforts to engage in responsible gambling, several high-profile firms are looking into setting up a watchdog. William Hill, Ladbrokes, Coral and Paddy Power are all among the gaming providers that want to implement the new group to oversee their practices.

They have come up with this plan in order to help them with avoid statutory measures for offering “free money” on many of their gaming machines and in betting shops. All of these big firms have agreed to remove all advertisements for touch-screen roulette machines from their respective shops starting from next month.

Additionally, they will also install responsible gambling messages that will be visible across a fifth of their shops’ space. Advertisement that promote “free bets” and “free money” for players to claim will not be aired before 9pm.

Latest gambling news reports that the new overseeing association will be called the Senet Group. Among their many responsibilities will be to fund educational advertising campaigns on problems that are associated with gambling. The group will also make sure to alter their TV commercials to contain more messages that are oriented towards responsible gambling.

Latest gambling news reports that Silver is determined many states that are currently experiencing financial difficulties will want to follow the model set by Nevada. The gaming state allows sports betting and is showing a steady growth.

Financial Times: Britain’s biggest bookmakers to create gambling watchdog

In order to follow through on tougher gaming standards that are being imposed by officials, four of the biggest bookmakers in Britain will create a new overseeing body. Problem gambling has become a heated debate in the industry, so establishing a board should help them curtail issues associated with that.

The self-regulatory body will be titled the Senet group (named after a board game in ancient Egypt), and its purpose will be to help maintains the standards that are sought by the industry today. The group will have the capacity to “name and shame” and also impose fines for any companies that don’t follow through on the missions and objectives set by it.

Other big name gaming providers like Bet365 and BetFred have also been invited to participate and sign-up for the new supervisory entity. The planned date for its launch is currently believed to be in January after several important steps pass completion.

Chief executive of Gala Coral, Carl Leaver, stated, “Actions speak louder than words. That’s why the Senet Group will be given the independence, budget and purpose to hold the betting industry to account.”

Recently, government official have expressed concern about the increased number of betting shops and the effect that they have on Britain’s society. This has seen them launch initiates to reduce problem gambling which is heavily linked to gambling advertisements and high-stakes betting machines that are provided by many betting shops.

Express & Star: Bookies back responsible gambling

William Hill, Ladbrokes, Coral and Paddy Power have all come together to form a new overseeing entity that is intended to help them maintain responsible gambling practices. Many corners of the country believe that gambling providers should be held accountable for problems that may arise due to intense gambling pursuits.

Therefore, the new body titled the Senet Group will be tasked with implementing strict guidelines and measures for all the gambling providers to follow. The key goals that have been put forward by the firms involve the voluntary ban on advertising various gambling offers such as “free bets” and “free money” before 9 pm.

Betting shops will also remove all advertisements of gaming machines from all their windows. Additionally, they will convert a fifth of their shop window advertisement space into messages that will bear responsible gambling points, according to gambling news.

The aim is to protect “vulnerable” gamblers from spending all of their money, while the new group will also have the power to “name and shame” and impose fines for any provider that doesn’t follow the regulations.

Although currently there are four founding companies looking to establish a watchdog, others have also been encouraged to join. Chief executive of Ladbrokes, Richard Glynn, commented, “Gambling has long been a leisure pursuit and part of the cultural fabric of the UK, but we are alive to the concerns of the public to keep gambling a responsible and fun activity.”

PoliticsHome: Four bookmakers set up watchdog to keep themselves in check

A total of four gaming providers have come up with a plant to set up an overseeing body that will make sure all the companies are running socially responsible operations. William Hill, Ladbrokes, Gala Coral and Paddy Power have all agreed to start the new Senet group to keep them in line with the guidelines demanded by government officials and the public.

All of the big four companies are already member of the Association of British Bookmakers, and the new group will help them maintain leverage over BetFred, which the largest non-member of the Association.

The Gambling Commission was established by the government to oversee and make sure all practices are scrupulous and responsible towards the society at large. However, up until it has not done much with its powers but instead has managed to receive criticism from some corners of the public for not doing any effective work.

No fines or penalties like loss of license have been issued to providers for breaching regulations on gambling. The Commission has not been able to discipline the perpetrators for not following the rules which has propelled the government and the public to seek a better regulating body to ensure all runs according to the guidelines.

New Zealand’s horse racing association has imposed new rules preventing jockeys from betting on days when they are riding.

A few weeks ago, New Zealand gambling news were raging over Central Districts jockey David Walker’s involvement in a betting scandal. The 38-year-old rider had placed a wager on a race he was competing in at the Awapuni course, but put his money on a rival horse.

His mount Watch Your Man finished two-and-a-half lengths behind St Ransom, and the Race Integrity Unit (RIU) said the jockey had deliberately tempered with the sports scores by restraining his own horse to ensure he would win the wager.

Following the national betting scandal, New Zealand Thoroughbred Racing (NZTR) decided to forbid jockeys from placing wagers on days when they are competing. Under the old regulations, riders were allowed to bet, but only on their own mount.

Stuff.co.nz: Jockey betting scandal forces NZTR rule change

In addition to forbidding jockeys from betting when they’re riding, New Zealand Thoroughbred Racing is also trying to stop them from using anything but traceable electronic betting accounts. This way, officials will be able to easily verify that no one breaks the rules.

The changes were prompted by the David Walker betting scandal, which challenged the integrity of New Zealand horse racing. Newspapers revealed that the Central Districts rider admitted to placing wagers on two rival horses before being charged with pulling up his two mounts.

Matthew Goodson, chairman of NZTR, promised that the strengthening of rule 707 would provide greater protection for gamblers who bet on sports in New Zealand, and this is critical for the industry. He added that the organization would consult again in the future, to establish whether more drastic rules are needed and to ensure that New Zealand’s regulations are consistent with other important racing jurisdictions.

“This may result in a ban on jockeys betting on races held under our rules of racing without exception,” he added.

3News: Betting rules tighten for jockeys

Jockeys participating in New Zealand horse races are banned from betting on the days they are riding. The fresh regulations have put an end to a practice which drew a lot of criticism, as jockeys were allowed to place wagers on their own horses, as well as on any race they’re not competing in.

New Zealand Thoroughbred Racing representatives say the changes were initiated in 2013, but the issue of riders betting on races has been in the spotlight over the past few weeks, after jockey David Walker was charged with two counts of placing wagers on another horse in a race he was competing in. His and a hearing is scheduled to take place on September 18 at Trentham.

“The appearance, as well as the practice of integrity, is critical against a backdrop of rapidly evolving gambling options which are creating issues for many sports,” NZTR chairman Matthew Goodson said in a statement. “The strengthening of this racing rule will provide greater protection for punters, which is critical for our industry, and support our integrity services.”

The new rules came into effect on Thursday, after being approved by all stakeholders, including the New Zealand Jockeys’ Association.

The Informant: New jockey betting rule comes into force

NZTR announced changes to Rule 707 of the Rules of Racing, namely the one referring to jockey betting privileges. In addition to banning riders from placing wagers on races they’re competing in, officials have asked that all bets be placed exclusively through electronic accounts, via the New Zealand TAB.

The changes are meant to help protect the sport’s integrity. They were initiated in 2013 and have received approval from all stakeholders, including the Minister for Racing and the New Zealand Jockeys’ Association, as well as the Racing Integrity Unit, Racing’s Judicial Control Authority and the New Zealand Racing Board.

NZTR chairman Matthew Goodson said: “NZTR is committed to continue reviewing the potential impact of other factors on racing integrity such as growing international linkages and the role of offshore betting organizations and websites.

NZTR will recommence a consultation process on the need for further changes to the Rules to ensure New Zealand’s Racing Rules are consistent with other major racing jurisdictions. This may result in a ban on jockeys’ betting on races held under our Rules of Racing without exception.”

Dave Taylor, president of the Jockeys’ Association added: “New Zealand racing and jockeys have the very highest levels of integrity and we acknowledge and understand the need for both the practice and perception of the highest standards of integrity.”

New Zealand’s horse racing association has imposed new rules preventing jockeys from betting on days when they are riding.

A few weeks ago, New Zealand gambling news were raging over Central Districts jockey David Walker’s involvement in a betting scandal. The 38-year-old rider had placed a wager on a race he was competing in at the Awapuni course, but put his money on a rival horse.

His mount Watch Your Man finished two-and-a-half lengths behind St Ransom, and the Race Integrity Unit (RIU) said the jockey had deliberately tempered with the sports scores by restraining his own horse to ensure he would win the wager.

Following the national betting scandal, New Zealand Thoroughbred Racing (NZTR) decided to forbid jockeys from placing wagers on days when they are competing. Under the old regulations, riders were allowed to bet, but only on their own mount.

Stuff.co.nz: Jockey betting scandal forces NZTR rule change

In addition to forbidding jockeys from betting when they’re riding, New Zealand Thoroughbred Racing is also trying to stop them from using anything but traceable electronic betting accounts. This way, officials will be able to easily verify that no one breaks the rules.

The changes were prompted by the David Walker betting scandal, which challenged the integrity of New Zealand horse racing. Newspapers revealed that the Central Districts rider admitted to placing wagers on two rival horses before being charged with pulling up his two mounts.

Matthew Goodson, chairman of NZTR, promised that the strengthening of rule 707 would provide greater protection for gamblers who bet on sports in New Zealand, and this is critical for the industry. He added that the organization would consult again in the future, to establish whether more drastic rules are needed and to ensure that New Zealand’s regulations are consistent with other important racing jurisdictions.

“This may result in a ban on jockeys betting on races held under our rules of racing without exception,” he added.

3News: Betting rules tighten for jockeys

Jockeys participating in New Zealand horse races are banned from betting on the days they are riding. The fresh regulations have put an end to a practice which drew a lot of criticism, as jockeys were allowed to place wagers on their own horses, as well as on any race they’re not competing in.

New Zealand Thoroughbred Racing representatives say the changes were initiated in 2013, but the issue of riders betting on races has been in the spotlight over the past few weeks, after jockey David Walker was charged with two counts of placing wagers on another horse in a race he was competing in. His and a hearing is scheduled to take place on September 18 at Trentham.

“The appearance, as well as the practice of integrity, is critical against a backdrop of rapidly evolving gambling options which are creating issues for many sports,” NZTR chairman Matthew Goodson said in a statement. “The strengthening of this racing rule will provide greater protection for punters, which is critical for our industry, and support our integrity services.”

The new rules came into effect on Thursday, after being approved by all stakeholders, including the New Zealand Jockeys’ Association.

The Informant: New jockey betting rule comes into force

NZTR announced changes to Rule 707 of the Rules of Racing, namely the one referring to jockey betting privileges. In addition to banning riders from placing wagers on races they’re competing in, officials have asked that all bets be placed exclusively through electronic accounts, via the New Zealand TAB.

The changes are meant to help protect the sport’s integrity. They were initiated in 2013 and have received approval from all stakeholders, including the Minister for Racing and the New Zealand Jockeys’ Association, as well as the Racing Integrity Unit, Racing’s Judicial Control Authority and the New Zealand Racing Board.

NZTR chairman Matthew Goodson said: “NZTR is committed to continue reviewing the potential impact of other factors on racing integrity such as growing international linkages and the role of offshore betting organizations and websites.

NZTR will recommence a consultation process on the need for further changes to the Rules to ensure New Zealand’s Racing Rules are consistent with other major racing jurisdictions. This may result in a ban on jockeys’ betting on races held under our Rules of Racing without exception.”

Dave Taylor, president of the Jockeys’ Association added: “New Zealand racing and jockeys have the very highest levels of integrity and we acknowledge and understand the need for both the practice and perception of the highest standards of integrity.”

Despite still facing an upward challenge from the US government, NBA Commissioner Adam Silver is confident that sports gambling is about to become a reality pretty soon. He is assured that the league won’t be downgraded as some sceptics have stressed, but rather it will benefit and more importantly profit from the new undertaking.

Boston.com: NBA Commissioner Envisions Legalized Sports Gambling

Latest gambling news reports that Silver is determined many states that are currently experiencing financial difficulties will want to follow the model set by Nevada. The gaming state allows sports betting and is showing a steady growth.

Silver commented how gambling in sports is simply inevitable and the negative economic climate will dictate a need for a new revenue source. Considering just how lucrative the business is, it is easy to see why the Commissioner believes it will benefit them and the league.

“It’s inevitable that, if all these states are broke, that there will be legalized sports betting in more states than Nevada and we will ultimately participate in that. If you have a gentlemen’s bet or a small wager on any kind of sports contest, it makes you that much more engaged in it. That’s where we’re going to see it pay dividends.”

Silver brings a fresh approach to the question of sports gambling to the NBA, as the league didn’t seem too fond of the plan before he came to his position. The previous Commissioner David Stern disapproved of the idea and many other objectives that were proposed by Silver before.

However, now it seems that Silver’s aims may come to fruition should everything work out according to plan. He indicated that NBA teams already have the right to enter marketing deals with casinos, so sports gambling should be the next step.

“If people are watching a game and clicking to bet on their smartphones, which people are doing in the United Kingdom right now, then it’s more likely you’re to stay tuned for a long time.”

Bloomberg: NBA’s Silver Says Legal Sports Gambling in U.S. is Inevitable

Adam Silver wants the National Basketball Association (NBA) to profit from the fresh idea of sports gambling. On previous occasions the NBA seemed reluctant to allow the business to form into reality as they blocked New Jersey from introducing sports betting as a business.

Despite the fact that the NBA did not support New Jersey Governor Chris Christie in his intentions of introducing sports gambling, the league is looking to profit from the broadening of legal sports betting in US. “It’s inevitable that, if all these states are broke, that there will be legalized sports betting in more states than Nevada and we will ultimately participate in that.”

Silver has been part of the NBA for over two decades and managed to take over from the spot of former Commissioner David Stern in February of this year. He asserts that he doesn’t see anything morally wrong with sports betting, and highlighted that teams already make marketing and licensing deals with casinos, therefore the NBA would only profit from it.

ESPN: Adam Silver: Betting is Inevitable

Unlike previous indications made by the world’s best basketball league, sports betting is looking to become a reality according to new NBA Commissioner Adam Silver. He is convinced that it is “inevitable” as it is only a matter of time before it happens.

Merely two years ago, the NBA joined the rest of the professional sports leagues in the US in efforts to prevent an Eastern state from offering any sports betting activities. The NBA, NCAA, MLB, NFL and NHL were all part of a group that blocked New Jersey from pursuing their sports gambling aspirations.

In a court room hearing former NBA Commissioner David Stern criticized New Jersey Governor Chris Christie for lack of morality and only being interested in money. “The one thing I’m certain of is New Jersey has no idea what it’s doing and doesn’t care because all it’s interested in is making a buck or two. They don’t care that it’s at our potential loss.”

The NBA managed to have their way in court as the Department of Justice also weighed in on the matter which eventually led to the judge ruling in their favor and dismissing New Jersey’s hopes of sports betting. Nevertheless, the state is pursuing its ambitions to legalize the business, and considering the recent change in NBA leadership that may very well happen.

The Washington Post: The NBA went to court to stop expanded sports gambling. Now Commissioner Adam Silver says he’s fine with it

According to gambling news, New Jersey pushing hard to implement sport gambling in the state, however it got pulled on the side by a group professional sports leagues. Two federal courts took the side of the league and prevented New Jersey from fulfilling its aims. The state tried to have a hearing with the US Supreme Court, but they got declined in June.

At the time when the NBA was against the introduction of sport betting, David Stern was the Commissioner of the league. However, now things have changed quite a bit considering the new and completely opposite stance that the NBA is taking.

New Commissioner Adam Silver assumed his new position as the head of the league and has expressed support for sports gambling. He asserted that the NBA stands to benefit from the spreading of sports betting in the US, despite not backing New Jersey Governor Chris Christie.

Christie is an avid supporter or sports gambling, however recently he stated that the state should follow federal law. He said the New Jersey needs to “determine if a different approach towards sports wagering would comply with federal law.”

He also added, “While I do not agree with the Circuit Court’s decision, I do believe that the rule of law is sacrosanct, binding on all Americans. That duty adheres with special solemnity to those elected officials privileged to swear and oath to uphold the laws in our nation.”

Despite still facing an upward challenge from the US government, NBA Commissioner Adam Silver is confident that sports gambling is about to become a reality pretty soon. He is assured that the league won’t be downgraded as some sceptics have stressed, but rather it will benefit and more importantly profit from the new undertaking.

Boston.com: NBA Commissioner Envisions Legalized Sports Gambling

Latest gambling news reports that Silver is determined many states that are currently experiencing financial difficulties will want to follow the model set by Nevada. The gaming state allows sports betting and is showing a steady growth.

Silver commented how gambling in sports is simply inevitable and the negative economic climate will dictate a need for a new revenue source. Considering just how lucrative the business is, it is easy to see why the Commissioner believes it will benefit them and the league.

“It’s inevitable that, if all these states are broke, that there will be legalized sports betting in more states than Nevada and we will ultimately participate in that. If you have a gentlemen’s bet or a small wager on any kind of sports contest, it makes you that much more engaged in it. That’s where we’re going to see it pay dividends.”

Silver brings a fresh approach to the question of sports gambling to the NBA, as the league didn’t seem too fond of the plan before he came to his position. The previous Commissioner David Stern disapproved of the idea and many other objectives that were proposed by Silver before.

However, now it seems that Silver’s aims may come to fruition should everything work out according to plan. He indicated that NBA teams already have the right to enter marketing deals with casinos, so sports gambling should be the next step.

“If people are watching a game and clicking to bet on their smartphones, which people are doing in the United Kingdom right now, then it’s more likely you’re to stay tuned for a long time.”

Bloomberg: NBA’s Silver Says Legal Sports Gambling in U.S. is Inevitable

Adam Silver wants the National Basketball Association (NBA) to profit from the fresh idea of sports gambling. On previous occasions the NBA seemed reluctant to allow the business to form into reality as they blocked New Jersey from introducing sports betting as a business.

Despite the fact that the NBA did not support New Jersey Governor Chris Christie in his intentions of introducing sports gambling, the league is looking to profit from the broadening of legal sports betting in US. “It’s inevitable that, if all these states are broke, that there will be legalized sports betting in more states than Nevada and we will ultimately participate in that.”

Silver has been part of the NBA for over two decades and managed to take over from the spot of former Commissioner David Stern in February of this year. He asserts that he doesn’t see anything morally wrong with sports betting, and highlighted that teams already make marketing and licensing deals with casinos, therefore the NBA would only profit from it.

ESPN: Adam Silver: Betting is Inevitable

Unlike previous indications made by the world’s best basketball league, sports betting is looking to become a reality according to new NBA Commissioner Adam Silver. He is convinced that it is “inevitable” as it is only a matter of time before it happens.

Merely two years ago, the NBA joined the rest of the professional sports leagues in the US in efforts to prevent an Eastern state from offering any sports betting activities. The NBA, NCAA, MLB, NFL and NHL were all part of a group that blocked New Jersey from pursuing their sports gambling aspirations.

In a court room hearing former NBA Commissioner David Stern criticized New Jersey Governor Chris Christie for lack of morality and only being interested in money. “The one thing I’m certain of is New Jersey has no idea what it’s doing and doesn’t care because all it’s interested in is making a buck or two. They don’t care that it’s at our potential loss.”

The NBA managed to have their way in court as the Department of Justice also weighed in on the matter which eventually led to the judge ruling in their favor and dismissing New Jersey’s hopes of sports betting. Nevertheless, the state is pursuing its ambitions to legalize the business, and considering the recent change in NBA leadership that may very well happen.

The Washington Post: The NBA went to court to stop expanded sports gambling. Now Commissioner Adam Silver says he’s fine with it

According to gambling news, New Jersey pushing hard to implement sport gambling in the state, however it got pulled on the side by a group professional sports leagues. Two federal courts took the side of the league and prevented New Jersey from fulfilling its aims. The state tried to have a hearing with the US Supreme Court, but they got declined in June.

At the time when the NBA was against the introduction of sport betting, David Stern was the Commissioner of the league. However, now things have changed quite a bit considering the new and completely opposite stance that the NBA is taking.

New Commissioner Adam Silver assumed his new position as the head of the league and has expressed support for sports gambling. He asserted that the NBA stands to benefit from the spreading of sports betting in the US, despite not backing New Jersey Governor Chris Christie.

Christie is an avid supporter or sports gambling, however recently he stated that the state should follow federal law. He said the New Jersey needs to “determine if a different approach towards sports wagering would comply with federal law.”

He also added, “While I do not agree with the Circuit Court’s decision, I do believe that the rule of law is sacrosanct, binding on all Americans. That duty adheres with special solemnity to those elected officials privileged to swear and oath to uphold the laws in our nation.”

The highlight of this week’s online gambling news is the data breach that happened in 2010 and affected 649,000 Paddy Power customers. Their personal details were stolen by a Canadian who hacked into the betting company’s database. Now, four years later, Paddy Power is sending out emails to users who have been affected.

The hacker accessed personal information such as names, addresses, phone numbers, dates of birth, and even all the security questions used to verify accounts, along with the answers chosen by users. Luckily, he did not manage to get his hands on any financial information.

“We sincerely regret that this breach occurred and we apologize to people who have been inconvenienced as a result,” online division chief Peter O’Donovan said.

“We take our responsibilities regarding customer data extremely seriously and have conducted an extensive investigation into the breach and the recovered data. That investigation shows that there is no evidence that any customer accounts have been adversely impacted by this breach.”

Irish Mirror: Paddy Power say 650,000 customers affected by 2010 cyber attack

Paddy Power started to contact customers, after it was discovered that their personal information was leaked in a 2010 cyber attack. Almost 650,000 punters were affected by the data theft, and the Irish betting company said it was “pro-actively” getting in touch with those whose names, addresses, and phone numbers may have fallen into the wrong hands.

When checking their emails or the latest gambling results, some customers also came across a letter signed by Paddy Power’s managing director of online business, Peter O’Donovan, delivering the bad news that their personal details were stolen. The attack allegedly originated in Ontario, Canada.

The company said no financial information was taken from the 120,855 Irish customers, 461,154 UK users, and 67,052 international punters have been affected. It has been reported that Paddy Power became aware of the fraud in May, when it immediately launched an investigation, but it’s unclear why it took them so long to go public with it.

“We are communicating with all of the people whose details have been compromised to tell them what has happened,” O’Donovan added.

Comox Valley Echo: Irish betting company Paddy Power apologizes for 2010 data breach involving 649,055 customers

The Dublin-based online and mobile betting operator said it had known since 2010 that someone attempted to hack its customers’ online accounts. Paddy Power monitored the system for signs of fraud or theft, but said it had found no evidence of it actually happening

It was only in May that the company received a tipoff about a man in Toronto who had an archive of Paddy Power’s customers’ names, addresses, phone numbers, emails, birth dates, usernames, and security questions. All this information would come in handy to someone who tries to impersonate customers, to crack into their personal accounts on other websites.

Two Canadian court orders were secured in July, ordering the man to surrender his database. The police also obtained permits to look into his IT equipment and financial records. The man was questioned by officers, but is yet to be charged with any crime.

Paddy Power has started to send emails to the 649,055 customers affected. That number represented almost 30% of its online gamblers in 2010. Users were advised to change their security questions on all web accounts.

According to Maksym Schipka, an information security specialist working for British cyber-security firm Clearswift, the betting operator’s failure to identify the details of the data theft over the past four years is “a huge failure on Paddy Power’s behalf to maintain control and protection of its users’ critical information.”

Gloal Post: Ireland expresses concern over data breach in bookmaker Paddy Power

Soon after it came to light that a Canadian hacker had stolen personal information from Paddy Power’s data base, the Irish government publicly expressed concern over the data breach.

Dara Murphy, minister of state at the departments of the prime minister and foreign affairs with special responsibility for European affairs and data protection, told reporters: “I am very disappointed that it has taken until now for Paddy Power to inform its customers”

The breach occurred in October 2010, but Paddy Power did not inform the office of the Data Protection Commissioner until May 12, 2014. While gambling laws do not make it mandatory for operators to report such breaches, this is the recommended best practice.

The Irish betting operator waited almost four years to talk about what happened, and only went public after an investigation revealed details about the data theft.

“Paddy Power put in place increased security measures after the breach in 2010 and I have been in touch with the Office of the Data Protection Commissioner, which met with Paddy Power representatives this week,” Murphy added in a statement.

“My office and that of the Data Protection Commissioner will be working closely in relation to this matter. It is best practice to inform the commissioner as soon as these breaches occur, and although these were not breaches of password or financial information, the data security breach code of practice should be followed at all times in order to safeguard personal information and assure customers that their data is secure.”

The highlight of this week’s online gambling news is the data breach that happened in 2010 and affected 649,000 Paddy Power customers. Their personal details were stolen by a Canadian who hacked into the betting company’s database. Now, four years later, Paddy Power is sending out emails to users who have been affected.

The hacker accessed personal information such as names, addresses, phone numbers, dates of birth, and even all the security questions used to verify accounts, along with the answers chosen by users. Luckily, he did not manage to get his hands on any financial information.

“We sincerely regret that this breach occurred and we apologize to people who have been inconvenienced as a result,” online division chief Peter O’Donovan said.

“We take our responsibilities regarding customer data extremely seriously and have conducted an extensive investigation into the breach and the recovered data. That investigation shows that there is no evidence that any customer accounts have been adversely impacted by this breach.”

Irish Mirror: Paddy Power say 650,000 customers affected by 2010 cyber attack

Paddy Power started to contact customers, after it was discovered that their personal information was leaked in a 2010 cyber attack. Almost 650,000 punters were affected by the data theft, and the Irish betting company said it was “pro-actively” getting in touch with those whose names, addresses, and phone numbers may have fallen into the wrong hands.

When checking their emails or the latest gambling results, some customers also came across a letter signed by Paddy Power’s managing director of online business, Peter O’Donovan, delivering the bad news that their personal details were stolen. The attack allegedly originated in Ontario, Canada.

The company said no financial information was taken from the 120,855 Irish customers, 461,154 UK users, and 67,052 international punters have been affected. It has been reported that Paddy Power became aware of the fraud in May, when it immediately launched an investigation, but it’s unclear why it took them so long to go public with it.

“We are communicating with all of the people whose details have been compromised to tell them what has happened,” O’Donovan added.

Comox Valley Echo: Irish betting company Paddy Power apologizes for 2010 data breach involving 649,055 customers

The Dublin-based online and mobile betting operator said it had known since 2010 that someone attempted to hack its customers’ online accounts. Paddy Power monitored the system for signs of fraud or theft, but said it had found no evidence of it actually happening

It was only in May that the company received a tipoff about a man in Toronto who had an archive of Paddy Power’s customers’ names, addresses, phone numbers, emails, birth dates, usernames, and security questions. All this information would come in handy to someone who tries to impersonate customers, to crack into their personal accounts on other websites.

Two Canadian court orders were secured in July, ordering the man to surrender his database. The police also obtained permits to look into his IT equipment and financial records. The man was questioned by officers, but is yet to be charged with any crime.

Paddy Power has started to send emails to the 649,055 customers affected. That number represented almost 30% of its online gamblers in 2010. Users were advised to change their security questions on all web accounts.

According to Maksym Schipka, an information security specialist working for British cyber-security firm Clearswift, the betting operator’s failure to identify the details of the data theft over the past four years is “a huge failure on Paddy Power’s behalf to maintain control and protection of its users’ critical information.”

Gloal Post: Ireland expresses concern over data breach in bookmaker Paddy Power

Soon after it came to light that a Canadian hacker had stolen personal information from Paddy Power’s data base, the Irish government publicly expressed concern over the data breach.

Dara Murphy, minister of state at the departments of the prime minister and foreign affairs with special responsibility for European affairs and data protection, told reporters: “I am very disappointed that it has taken until now for Paddy Power to inform its customers”

The breach occurred in October 2010, but Paddy Power did not inform the office of the Data Protection Commissioner until May 12, 2014. While gambling laws do not make it mandatory for operators to report such breaches, this is the recommended best practice.

The Irish betting operator waited almost four years to talk about what happened, and only went public after an investigation revealed details about the data theft.

“Paddy Power put in place increased security measures after the breach in 2010 and I have been in touch with the Office of the Data Protection Commissioner, which met with Paddy Power representatives this week,” Murphy added in a statement.

“My office and that of the Data Protection Commissioner will be working closely in relation to this matter. It is best practice to inform the commissioner as soon as these breaches occur, and although these were not breaches of password or financial information, the data security breach code of practice should be followed at all times in order to safeguard personal information and assure customers that their data is secure.”

Las Vegas is America’s gambling mecca and one of the few places where casinos and sportsbooks can legally accept wagers on sporting events. Where many people see a saturated market, however, Malaysian businessman Paul Phua Wei-seng saw an opportunity.

Several news sources have reported that the 50-year old man, his 22-year old son and several others set up an illegal betting ring in three hotel rooms at the Caesar’s Palace in Las Vegas. On July 15th Phua and the others were caught and arrested, with the Malaysian’s bail set at a whopping $2 million.

What were they taking bets on? The World Cup 2014 in Brazil. And the series of arrests came just weeks after the authorities in Hong Kong broke up a multi-million World Cup betting ring based there. That ring was run by, guess who? None other than Paul Phua Wei-seng.

Associated Press: Malaysian Businessman Wei Seng Phua Released on $2 million Bond After Illegal Betting Arrest

Malaysian businessman and high-roller poker player Wei Seng Phua was released from jail in the US on July 28th after some fellow poker players posted his $2 million bond as well as the $500,000 set for his son. This is the latest gambling news in a month-long saga concerning the underworld figure.

Poker professionals Andrew Robl and 10-time World Series of Poker Champion Phil Ivey reportedly put together the $2.5 million to bail out the Phuas, which had been arrested (along with eight others) for running an illegal sportsbetting operation out of their Las Vegas hotel room.

U.S. Immigration and Customs Enforcement officials agreed to release him after bail was posted and they reviewed the case, finding that requirements had been met for release.

Daily Telegraph: 8 People Arrested by Federal Officials for Running Illegal Gambling Operation in Vega Hotel

Eight people from Malaysia, China and Hong Kong have been accused of running an illegal betting operation out of three Las Vegas hotel rooms. The group reportedly took millions of dollars in bets on World Cup matches.

The FBI and Nevada Gaming Control Board agents made arrests on July 13th after raiding three suites at the Caesar’s Palace in Las Vegas.

US attorney general Daniel Bogden told reporters that the Phua had opened up shop in Vegas after being arrested on June 18th for running an illegal gambling operation in Hong Kong. After posting bond there he flew to the US.

Casino employees alerted the authorities after growing suspicious about being asked to set up computer equipment in the three hotel rooms. If convicted, Phua and the others could each face up to two years in prison and fines of up to $250,000.

South China Morning Post: Malaysian Businessman Arrested in the US is an Alleged Member of Hong Kong Triads

Online gambling entrepreneur and reported member of the 14k Triads Paul Phua Wei-seng was arrested in Las Vegas on July 13th for running a World Cup betting ring out of a Las Vegas hotel room in violation of American gambling laws. The 50-year old Malaysian was one of eight people arrested, including three from Hong Kong.

Legal documents released by the FBI claimed that Phua is a high ranking member of the 14k Triads, one of Hong Kong’s oldest and most powerful criminal organizations.

He is also one of the key executives of IBCBet, which is arguably the world’s largest sportsbetting operator. A study by the International Centre for Sport Security in Qatar estimated that roughly 80 percent of wagers made on the 2014 World Cup in Brazil were done so illegally.

CBS Las Vegas: Phua Still Not Released from Jail Despite $2 million of Phil Ivey’s Money

Lawyers representing Malaysian businessman Phua Wei-seng demanded that he be released after his $2 million bail was posted by a group of professional poker players, including 100-time World Series of Poker Champion Phil Ivey.

As of July 28th Phua still sat in jail despite his bail being met; authorities had not yet released him due their ongoing review of the case details. Phua lawyer David Chesnoff told the Las Vegas Review-Journal:

Our clients have complied with every condition set by a federal judge for their release…We have repeatedly attempted to contact ICE authorities, who have not responded. We are going to take further legal steps.

Phua and his 22-year old son are among eight people arrested and held for allegedly running a million-dollar illegal betting ring out of Caesar’s Palace in Las Vegas, taking wagers on the 2014 World Cup in Brazil.

South China Morning Post: Arrested Illegal Betting Operator Phua Once Served as Ambassador to Montenegro

Macau gambling kingpin, big-money casino winner and alleged Hong Kong triad leader Paul Phua Wei-seng served as San Marino’s ambassador to Montenegro for three years before being arrested in Las Vegas on July 13th for allegedly running an illegal World Cup betting ring.

The businessman and high-stakes poker player was appointed the diplomatic representative of the tiny European microstate in 2011, obtaining a diplomatic passport which allowed him to move freely throughout most countries around the globe.

Upon his appointment San Marinese foreign minister Antonella Mularoni expressed the idea that Phua could use his connections in the entertainment industry to bring a luxury hotel development project to San Marino.

He is also reported to be a major shareholder in IBCBET, a world-leading online betting operator based in the Philippines. After his arrest authorities in San Marino revoked his status and asked him to return his diplomatic passport.

Las Vegas is America’s gambling mecca and one of the few places where casinos and sportsbooks can legally accept wagers on sporting events. Where many people see a saturated market, however, Malaysian businessman Paul Phua Wei-seng saw an opportunity.

Several news sources have reported that the 50-year old man, his 22-year old son and several others set up an illegal betting ring in three hotel rooms at the Caesar’s Palace in Las Vegas. On July 15th Phua and the others were caught and arrested, with the Malaysian’s bail set at a whopping $2 million.

What were they taking bets on? The World Cup 2014 in Brazil. And the series of arrests came just weeks after the authorities in Hong Kong broke up a multi-million World Cup betting ring based there. That ring was run by, guess who? None other than Paul Phua Wei-seng.

Associated Press: Malaysian Businessman Wei Seng Phua Released on $2 million Bond After Illegal Betting Arrest

Malaysian businessman and high-roller poker player Wei Seng Phua was released from jail in the US on July 28th after some fellow poker players posted his $2 million bond as well as the $500,000 set for his son. This is the latest gambling news in a month-long saga concerning the underworld figure.

Poker professionals Andrew Robl and 10-time World Series of Poker Champion Phil Ivey reportedly put together the $2.5 million to bail out the Phuas, which had been arrested (along with eight others) for running an illegal sportsbetting operation out of their Las Vegas hotel room.

U.S. Immigration and Customs Enforcement officials agreed to release him after bail was posted and they reviewed the case, finding that requirements had been met for release.

Daily Telegraph: 8 People Arrested by Federal Officials for Running Illegal Gambling Operation in Vega Hotel

Eight people from Malaysia, China and Hong Kong have been accused of running an illegal betting operation out of three Las Vegas hotel rooms. The group reportedly took millions of dollars in bets on World Cup matches.

The FBI and Nevada Gaming Control Board agents made arrests on July 13th after raiding three suites at the Caesar’s Palace in Las Vegas.

US attorney general Daniel Bogden told reporters that the Phua had opened up shop in Vegas after being arrested on June 18th for running an illegal gambling operation in Hong Kong. After posting bond there he flew to the US.

Casino employees alerted the authorities after growing suspicious about being asked to set up computer equipment in the three hotel rooms. If convicted, Phua and the others could each face up to two years in prison and fines of up to $250,000.

South China Morning Post: Malaysian Businessman Arrested in the US is an Alleged Member of Hong Kong Triads

Online gambling entrepreneur and reported member of the 14k Triads Paul Phua Wei-seng was arrested in Las Vegas on July 13th for running a World Cup betting ring out of a Las Vegas hotel room in violation of American gambling laws. The 50-year old Malaysian was one of eight people arrested, including three from Hong Kong.

Legal documents released by the FBI claimed that Phua is a high ranking member of the 14k Triads, one of Hong Kong’s oldest and most powerful criminal organizations.

He is also one of the key executives of IBCBet, which is arguably the world’s largest sportsbetting operator. A study by the International Centre for Sport Security in Qatar estimated that roughly 80 percent of wagers made on the 2014 World Cup in Brazil were done so illegally.

CBS Las Vegas: Phua Still Not Released from Jail Despite $2 million of Phil Ivey’s Money

Lawyers representing Malaysian businessman Phua Wei-seng demanded that he be released after his $2 million bail was posted by a group of professional poker players, including 100-time World Series of Poker Champion Phil Ivey.

As of July 28th Phua still sat in jail despite his bail being met; authorities had not yet released him due their ongoing review of the case details. Phua lawyer David Chesnoff told the Las Vegas Review-Journal:

Our clients have complied with every condition set by a federal judge for their release…We have repeatedly attempted to contact ICE authorities, who have not responded. We are going to take further legal steps.

Phua and his 22-year old son are among eight people arrested and held for allegedly running a million-dollar illegal betting ring out of Caesar’s Palace in Las Vegas, taking wagers on the 2014 World Cup in Brazil.

South China Morning Post: Arrested Illegal Betting Operator Phua Once Served as Ambassador to Montenegro

Macau gambling kingpin, big-money casino winner and alleged Hong Kong triad leader Paul Phua Wei-seng served as San Marino’s ambassador to Montenegro for three years before being arrested in Las Vegas on July 13th for allegedly running an illegal World Cup betting ring.

The businessman and high-stakes poker player was appointed the diplomatic representative of the tiny European microstate in 2011, obtaining a diplomatic passport which allowed him to move freely throughout most countries around the globe.

Upon his appointment San Marinese foreign minister Antonella Mularoni expressed the idea that Phua could use his connections in the entertainment industry to bring a luxury hotel development project to San Marino.

He is also reported to be a major shareholder in IBCBET, a world-leading online betting operator based in the Philippines. After his arrest authorities in San Marino revoked his status and asked him to return his diplomatic passport.

USA Today Sports: Vegas says LeBron’s return makes Cavaliers NBA title favorites

Since announcing his return to the Cavaliers, speculators and basketball experts have been throwing around the high possibility of them winning the championship in the following season.

Gambling news reports that a single hour after LeBron made his intentions public, the Ohio based team were ranked as 4/1 favorites for the NBA title. They were ahead of teams like San Antonio Spurs (5/1) and Oklahoma City Thunder (6/1).

Looking back some time before King James returned home, at the beginning of the offseason the Cavs were on the opposite end of the spectrum in term of title success. Bookmakers gave them odds of 60/1 of achieving glory in the 2014-2015 season. However, as speculation about the star player’s return grew over time so did their chances.

Their first improved odds stood at 50/1, and then jumped to 30/1, before eventually leapfrogging to 10/1 earlier in the week. Cavaliers’ odds were fourth best in the league, only behind Oklahoma City, San Antonio and Miami Heat.

Although the possibility of LeBron leaving Miami increased the Cavs’ odds, in the initial stages the South Florida team didn’t experience any changes in terms of their chances of success in the next season. They were hailed as favorite for the next season, although after the news confirmed about LeBron departure, their odds went down substantially.

Heat’s NBA title hopes for the next season stand at around 50/1, which caused many people to liken the sudden turn in championship odds to a Las Vegas stock crash. The Miami team currently has worse odds than New York Knicks, Brooklyn Nets and Toronto Raptors. Heat stands on par with Memphis Grizzlies and New Orleans Pelicans.

Cleveland.com: With LeBron James returning, Cleveland Cavaliers have the best odds of winning NBA title, according to Las Vegas oddsmakers

The Cavaliers went from outsiders to serious contenders for the NBA title in a matter of weeks. Las Vegas bookies believe that the Cavs can make a serious impact in the competition this year, as their star player has returned to his roots giving them a massive boost.

Although San Antonio Spurs have managed to win the NBA this year, their chances of achieving consecutive titles have been trumped with the LeBron returning to the Cavs. The Texas-based team have been assigned odds of 5/1, making them second favorites behind the team that now boasts the league most dominating player.

Betting providers were predicting that there would a significant shift in the future betting preferences on the Cavs, as they were 80/1 outsiders a little over a week ago. Now, they command the greatest odds for the following season. Oklahoma City Thunder (6/1) and Chicago Bulls (7/1) are the other favorites to lift the NBA trophy next year.

Latest gambling news indicated that odds started changing two weeks ago, as more and more news started to circulate about LeBron’s possible move back to the team where he started his illustrious career. MGM Resorts gave the Cavaliers 20/1 odds on Monday morning, but quickly altered their chances all the way down to 8/1 by Wednesday.

nj.com: 2014 NBA Championshi[ Odds: LeBron James makes Cleveland the favorites

The Cleveland Cavaliers went from being one of the least promising teams to number one favorites virtually overnight, according to Las Vegas oddsmakers. The team hailing from Ohio will be severely tested once the season commences, as the public will then be able to judge if King James can carry the team on his own.

Despite having one of the most talented players of all time in their ranks, the Cavs are nevertheless outsiders for the title next season, as LeBron believes there is much to improve with the squad. He assured the fans that he will try his best, but currently does not have high hopes for title success.

“I’m not promising a championship. I know how hard that is to deliver. We’re not ready right now. No way. Of course, I want to win next year, but I’m realistic. It will be a long process, much longer than it was in 2010. My patience will get tested. I know that.”

He also added that he is looking forward in helping mound the team that could possibly have the capability to win the trophy that has long eluded them. “I’m going into a situation with a young team and a new coach. I will be the old head. But I get a thrill out of bringing a group together and helping them reach a place they didn’t know they could go.”

International Business Times: NBA Betting Odds: Cleveland Cavs Favored To Win 2014-2015 Championship With LeBron

The 2014-2015 season is looking to be an exciting one for the NBA, and especially for Cavaliers fans. With LeBron back to his old town, he will be tasked with shouldering the responsibility and leading a team to NBA glory. Luckily, Las Vegas sportsbooks have expressed support for their ambitions as they favor the Cavs to win the championship.

Although the Cleveland team ranked poorly in terms of their chances of success, many bookmakers immediately changed their odds once LeBron announced his intention to return. Betting providers believe James has the ability to transform a team that managed to record merely 33 wins throughout the whole 2013-2014 season.

When LeBron decided to switch teams in 2010 in search of major titles, the Cavaliers endured a horrible spell without him during the past four years. According to sports scores news, in the first season without their star man Cavs could barely manage to win 19 games. The next three years after that, they achieved only 78 win and not a single playoff appearance.

However, now the future seems far brighter for them than before. Although LeBron’s presence alone can inspire the team to success, the Cavs have assembled a solid team that can challenge for the NBA title.

The Ohio-based team have drafted a talented point guard Kyrie Irving on a five-year deal, following his success last season with 20.8 points and 6.1 assists. Additionally, they also had the first overall pick drafting Andrew Wiggins in June, while also adding Anthony Bennett in the 2013 draft.

Without LeBron, Miami’s chances of reaching the finals in the next season are limited. Las Vegas Bookies have given Miami odds of 50/1, considering that Chris Bosh is also likely to leave imminently for Houston Rockets on a max contract.

USA Today Sports: Vegas says LeBron’s return makes Cavaliers NBA title favorites

Since announcing his return to the Cavaliers, speculators and basketball experts have been throwing around the high possibility of them winning the championship in the following season.

Gambling news reports that a single hour after LeBron made his intentions public, the Ohio based team were ranked as 4/1 favorites for the NBA title. They were ahead of teams like San Antonio Spurs (5/1) and Oklahoma City Thunder (6/1).

Looking back some time before King James returned home, at the beginning of the offseason the Cavs were on the opposite end of the spectrum in term of title success. Bookmakers gave them odds of 60/1 of achieving glory in the 2014-2015 season. However, as speculation about the star player’s return grew over time so did their chances.

Their first improved odds stood at 50/1, and then jumped to 30/1, before eventually leapfrogging to 10/1 earlier in the week. Cavaliers’ odds were fourth best in the league, only behind Oklahoma City, San Antonio and Miami Heat.

Although the possibility of LeBron leaving Miami increased the Cavs’ odds, in the initial stages the South Florida team didn’t experience any changes in terms of their chances of success in the next season. They were hailed as favorite for the next season, although after the news confirmed about LeBron departure, their odds went down substantially.

Heat’s NBA title hopes for the next season stand at around 50/1, which caused many people to liken the sudden turn in championship odds to a Las Vegas stock crash. The Miami team currently has worse odds than New York Knicks, Brooklyn Nets and Toronto Raptors. Heat stands on par with Memphis Grizzlies and New Orleans Pelicans.

Cleveland.com: With LeBron James returning, Cleveland Cavaliers have the best odds of winning NBA title, according to Las Vegas oddsmakers

The Cavaliers went from outsiders to serious contenders for the NBA title in a matter of weeks. Las Vegas bookies believe that the Cavs can make a serious impact in the competition this year, as their star player has returned to his roots giving them a massive boost.

Although San Antonio Spurs have managed to win the NBA this year, their chances of achieving consecutive titles have been trumped with the LeBron returning to the Cavs. The Texas-based team have been assigned odds of 5/1, making them second favorites behind the team that now boasts the league most dominating player.

Betting providers were predicting that there would a significant shift in the future betting preferences on the Cavs, as they were 80/1 outsiders a little over a week ago. Now, they command the greatest odds for the following season. Oklahoma City Thunder (6/1) and Chicago Bulls (7/1) are the other favorites to lift the NBA trophy next year.

Latest gambling news indicated that odds started changing two weeks ago, as more and more news started to circulate about LeBron’s possible move back to the team where he started his illustrious career. MGM Resorts gave the Cavaliers 20/1 odds on Monday morning, but quickly altered their chances all the way down to 8/1 by Wednesday.

nj.com: 2014 NBA Championshi[ Odds: LeBron James makes Cleveland the favorites

The Cleveland Cavaliers went from being one of the least promising teams to number one favorites virtually overnight, according to Las Vegas oddsmakers. The team hailing from Ohio will be severely tested once the season commences, as the public will then be able to judge if King James can carry the team on his own.

Despite having one of the most talented players of all time in their ranks, the Cavs are nevertheless outsiders for the title next season, as LeBron believes there is much to improve with the squad. He assured the fans that he will try his best, but currently does not have high hopes for title success.

“I’m not promising a championship. I know how hard that is to deliver. We’re not ready right now. No way. Of course, I want to win next year, but I’m realistic. It will be a long process, much longer than it was in 2010. My patience will get tested. I know that.”

He also added that he is looking forward in helping mound the team that could possibly have the capability to win the trophy that has long eluded them. “I’m going into a situation with a young team and a new coach. I will be the old head. But I get a thrill out of bringing a group together and helping them reach a place they didn’t know they could go.”

International Business Times: NBA Betting Odds: Cleveland Cavs Favored To Win 2014-2015 Championship With LeBron

The 2014-2015 season is looking to be an exciting one for the NBA, and especially for Cavaliers fans. With LeBron back to his old town, he will be tasked with shouldering the responsibility and leading a team to NBA glory. Luckily, Las Vegas sportsbooks have expressed support for their ambitions as they favor the Cavs to win the championship.

Although the Cleveland team ranked poorly in terms of their chances of success, many bookmakers immediately changed their odds once LeBron announced his intention to return. Betting providers believe James has the ability to transform a team that managed to record merely 33 wins throughout the whole 2013-2014 season.

When LeBron decided to switch teams in 2010 in search of major titles, the Cavaliers endured a horrible spell without him during the past four years. According to sports scores news, in the first season without their star man Cavs could barely manage to win 19 games. The next three years after that, they achieved only 78 win and not a single playoff appearance.

However, now the future seems far brighter for them than before. Although LeBron’s presence alone can inspire the team to success, the Cavs have assembled a solid team that can challenge for the NBA title.

The Ohio-based team have drafted a talented point guard Kyrie Irving on a five-year deal, following his success last season with 20.8 points and 6.1 assists. Additionally, they also had the first overall pick drafting Andrew Wiggins in June, while also adding Anthony Bennett in the 2013 draft.

Without LeBron, Miami’s chances of reaching the finals in the next season are limited. Las Vegas Bookies have given Miami odds of 50/1, considering that Chris Bosh is also likely to leave imminently for Houston Rockets on a max contract.

The Washington Post: 2014 World Cup: Germany overwhelms shorthanded Brazil in semifinal, 7-1

World Cup semi-final stage is where the remaining best teams meet. Two of them qualify for the final, while the losers face one another in a fight for the third place. For the past three World Cups, the German side has managed to secure two bronze medals and one silver medal. They are truly a team to be reckoned with, as they always have a plethora of gifted players.

Many believed that the host nation had reasonable chances of proceeding to the final, however no one was prepared for what Germany were about to do to the five-time world champions. The semi-final against Brazil shocked millions across the globe, as they witnessed something unbelievable. Germany demolished the South Americans a staggering 7-1.

An entire nation was on its knees, crying and waiting for it for be over before the Europeans had another shot on goal. However, there are certain reasons as to why they succumbed to such a horrible defeat. Brazil had to cope with playing without star striker Neymar, while one of the world’s best defenders, Thiago Silva, was suspended for the match.

Gambling news reports that Brazilian captain David Luiz tried to put on a brave face, but was barely able to hold back tears for experiencing what many would consider football humiliation. Brazil was under severe pressure to win the esteemed trophy, which might have back-fired during the match and eventually saw them put on a disastrous performance.

abcNEWS: 2014 FIFA World Cup: Germany Defeats Brazil 7-1, Reaches Final

Germany scored the opening goals of the match in the 11th minute with Thomas Muller being the finisher. After that in a span of a mere 6 minutes four more goals went in the back of the Brazilian net with rapid succession, as if the hosts had no goalkeeper. Miroslav Klose scored in the 23rd, while Kroos added two more in the 24th and 26th minute followed by Khedira’s strike in the 29th. After that barrage, all hopes of Brazil reaching the final were shattered.

Germany striker Klose set a new World Cup record. At 36 years old he still has a clinical finish, as he managed to score the second goal of the game. This put him on the pedestal for scoring the most goals in World Cup competitions.

As if sinking Brazil with 7 at the back of the net wasn’t enough, the German forward dethroned the great Ronaldo who had 15 goals in the competition. Klose is now the player to beat as he commands 16 goals to his name.

YahooNEWS: World Cup 2014: Biggest shocks in history after Germany beats Brazil 7-1

The 7-1 result also marks Brazil’s greatest loss in history. Before that, the only other memorable severe loss came at the hands of Uruguay in the 1920 Copa America, when they were beaten 6-0.

Undoubtedly, the match will go down in history alongside other games that sent shockwaves throughout the world. When Brazil hosted the World Cup for the first time in 1950, they were also deemed tournament favorites, but had to settle for e second place finish as mighty Uruguay defeated them 2-1 on home soil.

The match is commonly referred to as “Maracanazo” which translates into the “The Blow of Maracana,” the stadium that they played at in the final. The game still remains as a painful memory for many Brazilians today. A sports score that they have never gotten over.

Perhaps the game between Netherlands and Spain can be matched as the other most shocking result at this year’s competition. The Dutch took their revenge on the Spaniards, as they previously lost a final against them in the last World Cup in 2010. Spain were punished with a massive 5 goals, while the defending champions managed only one goal in the opening game.

A similar thing happened with Argentina in the 1990 World Cup in Italy, when they were stunned with a 1-0 loss to Cameroon in their first game. Before that, in 1986 Argentina were crowned champions and no one anticipated Cameroon to pull off a surprise.

France experienced the same situation when they were held by Senegal to a 1-0 defeat in 2002. Four years prior they celebrated lifting their first World Cup trophy in their homeland, however they couldn’t replicate the same performance as before.

Independent.ie: One Paddy Power punter correctly predicted 7-1 obliteration in Brazil-Germany semi

It seems as if nobody could have foreseen such a catastrophe occur for Brazil. Experienced punters would have placed safer bets on game like this, however there was one man that didn’t practice the conventional betting system.

Online gambling news state that a punter in the UK made an astonishing bet by wagering on predicting the correct score of the match. The odds were heavily stacked against his prediction with Paddy Power offering 500/1 for that particular bet. As is turned out he was, scooping a massive reward that resulted in a profit of GBP 3,500 for that wager.

Paddy Power also states that some other lucky bettors predicted Brazil would lose 5-0 by half-time, which secured them a handsome 4-figure sum. The bookmaker’s spokesperson said, “It was nice that the rest of the Brazil team decided to miss the match in tribute to Neymar and Silva – but in reflection they’ll probably realize it kind of backfired.”

sportskeeda: FIFA World Cup: Fans betting correctly on Germany’s 7-1 win over Brazil make a fortune

There were also more astonishing bets made on the game that will forever be remembered as the demise of Brazil. One betting player managed to win a fortune with his audacious bet. He scored over $46,000 on a mere wager of $20, which is an astonishing return on investment.

Additionally, a Brazilian native didn’t seem to support her country for the win, but trusted her husband’s instinct when she placed a meagre 10 Brazilian Reals on predicting the score. She only managed to win 200 Reals but the story behind the bet is astonishing. Her husband reportedly told her the result of the match while sleepwalking through their house.

This year’s World Cup has been a bonanza for some lucky players. A Spanish bettor won $135,000 worth of gas for placing a bet against his native country when they faced Holland in the first match of their group.

Had Brazil lost out on penalties or by a very small goal margin, then the story would have been different. Nevertheless, hearts would have still been broken but the overall sentiment would have played out differently. Losing by a massive 6 goal difference on their own land is something no team ever wants to go through. Regaining confidence after that is difficult.

The Washington Post: 2014 World Cup: Germany overwhelms shorthanded Brazil in semifinal, 7-1

World Cup semi-final stage is where the remaining best teams meet. Two of them qualify for the final, while the losers face one another in a fight for the third place. For the past three World Cups, the German side has managed to secure two bronze medals and one silver medal. They are truly a team to be reckoned with, as they always have a plethora of gifted players.

Many believed that the host nation had reasonable chances of proceeding to the final, however no one was prepared for what Germany were about to do to the five-time world champions. The semi-final against Brazil shocked millions across the globe, as they witnessed something unbelievable. Germany demolished the South Americans a staggering 7-1.

An entire nation was on its knees, crying and waiting for it for be over before the Europeans had another shot on goal. However, there are certain reasons as to why they succumbed to such a horrible defeat. Brazil had to cope with playing without star striker Neymar, while one of the world’s best defenders, Thiago Silva, was suspended for the match.

Gambling news reports that Brazilian captain David Luiz tried to put on a brave face, but was barely able to hold back tears for experiencing what many would consider football humiliation. Brazil was under severe pressure to win the esteemed trophy, which might have back-fired during the match and eventually saw them put on a disastrous performance.

abcNEWS: 2014 FIFA World Cup: Germany Defeats Brazil 7-1, Reaches Final

Germany scored the opening goals of the match in the 11th minute with Thomas Muller being the finisher. After that in a span of a mere 6 minutes four more goals went in the back of the Brazilian net with rapid succession, as if the hosts had no goalkeeper. Miroslav Klose scored in the 23rd, while Kroos added two more in the 24th and 26th minute followed by Khedira’s strike in the 29th. After that barrage, all hopes of Brazil reaching the final were shattered.

Germany striker Klose set a new World Cup record. At 36 years old he still has a clinical finish, as he managed to score the second goal of the game. This put him on the pedestal for scoring the most goals in World Cup competitions.

As if sinking Brazil with 7 at the back of the net wasn’t enough, the German forward dethroned the great Ronaldo who had 15 goals in the competition. Klose is now the player to beat as he commands 16 goals to his name.

YahooNEWS: World Cup 2014: Biggest shocks in history after Germany beats Brazil 7-1

The 7-1 result also marks Brazil’s greatest loss in history. Before that, the only other memorable severe loss came at the hands of Uruguay in the 1920 Copa America, when they were beaten 6-0.

Undoubtedly, the match will go down in history alongside other games that sent shockwaves throughout the world. When Brazil hosted the World Cup for the first time in 1950, they were also deemed tournament favorites, but had to settle for e second place finish as mighty Uruguay defeated them 2-1 on home soil.

The match is commonly referred to as “Maracanazo” which translates into the “The Blow of Maracana,” the stadium that they played at in the final. The game still remains as a painful memory for many Brazilians today. A sports score that they have never gotten over.

Perhaps the game between Netherlands and Spain can be matched as the other most shocking result at this year’s competition. The Dutch took their revenge on the Spaniards, as they previously lost a final against them in the last World Cup in 2010. Spain were punished with a massive 5 goals, while the defending champions managed only one goal in the opening game.

A similar thing happened with Argentina in the 1990 World Cup in Italy, when they were stunned with a 1-0 loss to Cameroon in their first game. Before that, in 1986 Argentina were crowned champions and no one anticipated Cameroon to pull off a surprise.

France experienced the same situation when they were held by Senegal to a 1-0 defeat in 2002. Four years prior they celebrated lifting their first World Cup trophy in their homeland, however they couldn’t replicate the same performance as before.

Independent.ie: One Paddy Power punter correctly predicted 7-1 obliteration in Brazil-Germany semi

It seems as if nobody could have foreseen such a catastrophe occur for Brazil. Experienced punters would have placed safer bets on game like this, however there was one man that didn’t practice the conventional betting system.

Online gambling news state that a punter in the UK made an astonishing bet by wagering on predicting the correct score of the match. The odds were heavily stacked against his prediction with Paddy Power offering 500/1 for that particular bet. As is turned out he was, scooping a massive reward that resulted in a profit of GBP 3,500 for that wager.

Paddy Power also states that some other lucky bettors predicted Brazil would lose 5-0 by half-time, which secured them a handsome 4-figure sum. The bookmaker’s spokesperson said, “It was nice that the rest of the Brazil team decided to miss the match in tribute to Neymar and Silva – but in reflection they’ll probably realize it kind of backfired.”

sportskeeda: FIFA World Cup: Fans betting correctly on Germany’s 7-1 win over Brazil make a fortune

There were also more astonishing bets made on the game that will forever be remembered as the demise of Brazil. One betting player managed to win a fortune with his audacious bet. He scored over $46,000 on a mere wager of $20, which is an astonishing return on investment.

Additionally, a Brazilian native didn’t seem to support her country for the win, but trusted her husband’s instinct when she placed a meagre 10 Brazilian Reals on predicting the score. She only managed to win 200 Reals but the story behind the bet is astonishing. Her husband reportedly told her the result of the match while sleepwalking through their house.

This year’s World Cup has been a bonanza for some lucky players. A Spanish bettor won $135,000 worth of gas for placing a bet against his native country when they faced Holland in the first match of their group.

Had Brazil lost out on penalties or by a very small goal margin, then the story would have been different. Nevertheless, hearts would have still been broken but the overall sentiment would have played out differently. Losing by a massive 6 goal difference on their own land is something no team ever wants to go through. Regaining confidence after that is difficult.

Despite the fact that both FIFA and gambling authorities across the world warned that they would intensify efforts to combat betting corruption, illegal wagers on World Cup sports scores proved to be too tempting for leaders of underground gambling rings.

The football event of the year has barely started, but the police in Macau already arrested a few punters from Hong Kong after evidence suggested they had placed HK $5 billion in illegal bets, including one staggering wager worth HK $40 million on a single match.

The illegal gambling operation was run from a hotel in Macau, which was raided by the local police. Officers found and removed betting slips and accounts, as well as more than HK $2 million in cash, 17 computers and 10 mobile phones.

Since the beginning of the 2014 World Cup in Brazil, Hong Kong police officers have also arrested 39 people suspected of unlawful gambling. HK $85 million worth of betting slips were confiscated from the illegal bookmakers.

South China Morning Post: Macau police smash illegal betting ring that took HK$5b in World Cup wagers

The Macau police busted a huge bookmaking operation. It is said that the illegal betting ring took a total of HK $5 billion in World Cup wagers, from rich clients around the world. Punters placed their bets on live sports results via telephone or online.

A raid on a local hotel found that three rooms had been turned into an operation base for the illegal betting syndicate. According to the latest gambling news, 22 people (including two women) aged 23 to 50 were arrested. Among them were four men from Hong Kong, nine Malaysians and nine mainlanders. The ring was lead by two men, one from Malaysia and one from the mainland.

One day later, the police conducted a second raid and arrested four new suspects at the same hotel. Officers are now conducting further investigations to find out who was placing the bets.

Suen Kam-fai, a spokesman for the local police, told reporters: “Information indicates that this syndicate accepted bets before and after the matches kicked off. That’s why they needed a lot of manpower to take bets via the internet and telephone.”

CNN: Macau busts $645 million World Cup betting ring

Police have smashed a gambling ring operating from a hotel located in Macau. The illegal betting syndicate allegedly took the equivalent of US $645 million in World Cup wagers. According to local authorities, this was the biggest ever raid on an unlawful bookmaking racket in the Asian casino capital.

Working from three hotel rooms, the suspects took internet and phone bets from around the world. Authorities discovered that one gambler placed a wager valued at around US $5 million.

The police arrested 22 people from mainland China, Hong Kong and Malaysia, including two suspects believed to be the ringleaders. They also confiscated US $248,000 in cash, 17 computers, at least 10 cell phones and several betting slips.

A few hours later, the police busted a second gambling operating from the same hotel. Four Chinese men allegedly took US$645,000 in illegal bets on World Cup matches in one day.

The raids were part of a cross-border campaign to combat illegal sports betting in Macau, Hong Kong and the southern province of Guangdong, China.

The Guardian: Police bust gambling racket in Macau after huge World Cup bets

A bookmaking racket that allegedly took HK $5 billion ($645 million, or GBP 379 million) in illegal bets was recently uncovered by the police in Macau. The illicit football syndicate operated from a local hotel and allowed punters from all over the world to place World Cup wagers online and via telephone, the South China Morning Post said.

Police have arrested 22 suspects in what is thought to be the biggest unlawful football betting operation in Macau, as initial investigations found evidence of HK $5 billion worth of World Cup wagers, including a single HK$40 million bet on one match.

Since the beginning of the 2014 World Cup, authorities in Macau, Hong Kong and the Guangdong province have been working together in a campaign to put an end to illegal gambling operations. Investigators seized more than HK $2 million in cash, 17 computers, more than 10 mobile phones and betting slips.

During the first week of the World Cup, authorities in the area have arrested 39 people suspected of being involved in illegal betting operations and confiscated HK $85 million worth of betting slips.

Despite the fact that both FIFA and gambling authorities across the world warned that they would intensify efforts to combat betting corruption, illegal wagers on World Cup sports scores proved to be too tempting for leaders of underground gambling rings.

The football event of the year has barely started, but the police in Macau already arrested a few punters from Hong Kong after evidence suggested they had placed HK $5 billion in illegal bets, including one staggering wager worth HK $40 million on a single match.

The illegal gambling operation was run from a hotel in Macau, which was raided by the local police. Officers found and removed betting slips and accounts, as well as more than HK $2 million in cash, 17 computers and 10 mobile phones.

Since the beginning of the 2014 World Cup in Brazil, Hong Kong police officers have also arrested 39 people suspected of unlawful gambling. HK $85 million worth of betting slips were confiscated from the illegal bookmakers.

South China Morning Post: Macau police smash illegal betting ring that took HK$5b in World Cup wagers

The Macau police busted a huge bookmaking operation. It is said that the illegal betting ring took a total of HK $5 billion in World Cup wagers, from rich clients around the world. Punters placed their bets on live sports results via telephone or online.

A raid on a local hotel found that three rooms had been turned into an operation base for the illegal betting syndicate. According to the latest gambling news, 22 people (including two women) aged 23 to 50 were arrested. Among them were four men from Hong Kong, nine Malaysians and nine mainlanders. The ring was lead by two men, one from Malaysia and one from the mainland.

One day later, the police conducted a second raid and arrested four new suspects at the same hotel. Officers are now conducting further investigations to find out who was placing the bets.

Suen Kam-fai, a spokesman for the local police, told reporters: “Information indicates that this syndicate accepted bets before and after the matches kicked off. That’s why they needed a lot of manpower to take bets via the internet and telephone.”

CNN: Macau busts $645 million World Cup betting ring

Police have smashed a gambling ring operating from a hotel located in Macau. The illegal betting syndicate allegedly took the equivalent of US $645 million in World Cup wagers. According to local authorities, this was the biggest ever raid on an unlawful bookmaking racket in the Asian casino capital.

Working from three hotel rooms, the suspects took internet and phone bets from around the world. Authorities discovered that one gambler placed a wager valued at around US $5 million.

The police arrested 22 people from mainland China, Hong Kong and Malaysia, including two suspects believed to be the ringleaders. They also confiscated US $248,000 in cash, 17 computers, at least 10 cell phones and several betting slips.

A few hours later, the police busted a second gambling operating from the same hotel. Four Chinese men allegedly took US$645,000 in illegal bets on World Cup matches in one day.

The raids were part of a cross-border campaign to combat illegal sports betting in Macau, Hong Kong and the southern province of Guangdong, China.

The Guardian: Police bust gambling racket in Macau after huge World Cup bets

A bookmaking racket that allegedly took HK $5 billion ($645 million, or GBP 379 million) in illegal bets was recently uncovered by the police in Macau. The illicit football syndicate operated from a local hotel and allowed punters from all over the world to place World Cup wagers online and via telephone, the South China Morning Post said.

Police have arrested 22 suspects in what is thought to be the biggest unlawful football betting operation in Macau, as initial investigations found evidence of HK $5 billion worth of World Cup wagers, including a single HK$40 million bet on one match.

Since the beginning of the 2014 World Cup, authorities in Macau, Hong Kong and the Guangdong province have been working together in a campaign to put an end to illegal gambling operations. Investigators seized more than HK $2 million in cash, 17 computers, more than 10 mobile phones and betting slips.

During the first week of the World Cup, authorities in the area have arrested 39 people suspected of being involved in illegal betting operations and confiscated HK $85 million worth of betting slips.

New Jersey has once again been dealt a blow as the Supreme Court reached a verdict to keep the ban sport gambling in the Eastern state. There have been numerous attempts to revert the bill prohibiting bets on sports, however all have been futile so far.

Nevertheless, there is still hope. Important statesmen from New Jersey remain confident in their battle, as a new bill that is due to be published bears a more promising effect than previous attempts.

Bloomberg: New Jersey Sports Betting Bid rejected by Supreme Court

Latest gambling news states that New Jersey’s quest to legalize sports gambling has been dampened. Despite tabling an appeal, Governor Chris Christie was not able sway the US Supreme Court. The Court claimed that New Jersey sports gambling pursuit came in conflict with a 1992 federal law that was passed to prevent the expansion of state-lead sports betting.

New Jersey aimed to make betting on professional and college sports legal, by offering to provide the services through the state’s racetracks and Atlantic City casinos. It is evident why prominent officials from the state supported the proposed change. Estimates show that the business would generate over $1 billion in bets and more than $100 million for the state.

White House representatives contested the action pointing to the National Collegiate Athletic Association, National Basketball Association, National Hockey League, National Football League and Major League Baseball.

They indicated that the 1992 Professional and Amateur Sports Protection Act allows sports gambling only in Nevada, while Delaware maintains a sports betting to lesser degree. Governor Christie highlighted that the federal law does not enable New Jersey to exercise its sovereign rights. Virtually all New Jersey residents voted in favor of sports betting in 2011.

NorthJersey: N.J. officials vow to change state law to permit sports betting

So far the state has spent over $3 million in research and legal expenses to see sports betting become a reality, however nothing has come to fruition due to the Supreme Court’s rejection. The overall process lasted for two years and saw the state lose on two occasions.

A US District Court judge supported the views of the NFL and four other sports organizations, and decided not to reverse the original ban. Governor Christie expressed his disappointed and acknowledged that New Jersey’s chances were slim. “They don’t give an explanation, so there is nothing to really react to. They said no, so we have to move on.”

Sports scores news reports that some other state officials remain adamant in legalizing sport gambling in New Jersey. Senate President Stephen Sweeney stated, “We are not giving up. The economic impact that sports wagering can have on New Jersey is far too important to simply shrug our shoulders and move on.”

Many like-minded people believe that this has the potential to help New Jersey’s fading horseracing and Atlantic City gambling industry. Sports betting would help the ailing economy in many terms and raise millions of dollars in taxes for the treasury.

CBS New York: Supreme Court Leaves In Place a Ban on Sports Betting in NJ

Despite recently losing a legal battle against the Supreme Court to legalize sports gambling, a New Jersey official brought up the idea of a revised bill that would see them achieve their goal.

New Jersey lawmakers submitted a case arguing that illegal betting on sports is valued at over $500 billion per year. Overturning the gambling law would create an opposite effect and lead to better standards. Legalization would see illegal gambling activities subsided, while in the same time generate income for the government and create employment opportunities.

The revised bill should see New Jersey challenge the law prohibiting them from offering sports betting services to players.

State Senator Raymond Lesniak hopes that US Department of Justice will not fight their reinvigorated attempts. “Aren’t they selling marijuana in Colorado and Washington? Isn’t that against federal law? Nothing stops is from repealing all our gambling laws on sports betting as long as we don’t regulate it, as long as we don’t promote it.”

Unlike other officials who seem to have given up on hopes to legalize sports betting, Lesniak is determined to succeed. He stated that is the Supreme Court does not accept the new case, then he would proceed with plans to offer sports gambling as soon as Week 1 of the NFL season. “I’m not saying “one day.” I’m saying September. ”

New Jersey has once again been dealt a blow as the Supreme Court reached a verdict to keep the ban sport gambling in the Eastern state. There have been numerous attempts to revert the bill prohibiting bets on sports, however all have been futile so far.

Nevertheless, there is still hope. Important statesmen from New Jersey remain confident in their battle, as a new bill that is due to be published bears a more promising effect than previous attempts.

Bloomberg: New Jersey Sports Betting Bid rejected by Supreme Court

Latest gambling news states that New Jersey’s quest to legalize sports gambling has been dampened. Despite tabling an appeal, Governor Chris Christie was not able sway the US Supreme Court. The Court claimed that New Jersey sports gambling pursuit came in conflict with a 1992 federal law that was passed to prevent the expansion of state-lead sports betting.

New Jersey aimed to make betting on professional and college sports legal, by offering to provide the services through the state’s racetracks and Atlantic City casinos. It is evident why prominent officials from the state supported the proposed change. Estimates show that the business would generate over $1 billion in bets and more than $100 million for the state.

White House representatives contested the action pointing to the National Collegiate Athletic Association, National Basketball Association, National Hockey League, National Football League and Major League Baseball.

They indicated that the 1992 Professional and Amateur Sports Protection Act allows sports gambling only in Nevada, while Delaware maintains a sports betting to lesser degree. Governor Christie highlighted that the federal law does not enable New Jersey to exercise its sovereign rights. Virtually all New Jersey residents voted in favor of sports betting in 2011.

NorthJersey: N.J. officials vow to change state law to permit sports betting

So far the state has spent over $3 million in research and legal expenses to see sports betting become a reality, however nothing has come to fruition due to the Supreme Court’s rejection. The overall process lasted for two years and saw the state lose on two occasions.

A US District Court judge supported the views of the NFL and four other sports organizations, and decided not to reverse the original ban. Governor Christie expressed his disappointed and acknowledged that New Jersey’s chances were slim. “They don’t give an explanation, so there is nothing to really react to. They said no, so we have to move on.”

Sports scores news reports that some other state officials remain adamant in legalizing sport gambling in New Jersey. Senate President Stephen Sweeney stated, “We are not giving up. The economic impact that sports wagering can have on New Jersey is far too important to simply shrug our shoulders and move on.”

Many like-minded people believe that this has the potential to help New Jersey’s fading horseracing and Atlantic City gambling industry. Sports betting would help the ailing economy in many terms and raise millions of dollars in taxes for the treasury.

CBS New York: Supreme Court Leaves In Place a Ban on Sports Betting in NJ

Despite recently losing a legal battle against the Supreme Court to legalize sports gambling, a New Jersey official brought up the idea of a revised bill that would see them achieve their goal.

New Jersey lawmakers submitted a case arguing that illegal betting on sports is valued at over $500 billion per year. Overturning the gambling law would create an opposite effect and lead to better standards. Legalization would see illegal gambling activities subsided, while in the same time generate income for the government and create employment opportunities.

The revised bill should see New Jersey challenge the law prohibiting them from offering sports betting services to players.

State Senator Raymond Lesniak hopes that US Department of Justice will not fight their reinvigorated attempts. “Aren’t they selling marijuana in Colorado and Washington? Isn’t that against federal law? Nothing stops is from repealing all our gambling laws on sports betting as long as we don’t regulate it, as long as we don’t promote it.”

Unlike other officials who seem to have given up on hopes to legalize sports betting, Lesniak is determined to succeed. He stated that is the Supreme Court does not accept the new case, then he would proceed with plans to offer sports gambling as soon as Week 1 of the NFL season. “I’m not saying “one day.” I’m saying September. ”

The Scottish independence referendum is just three months away and it will happen on 18th September 2014. The decision about it came after the Scottish and the UK governments signed an agreement, followed by the Scottish Independence Referendum Bill, which dealt with the details around this historic event.

The Bill was passed by the Scottish Parliament in November 2013 and it received Royal Assent in December 2013. The Electoral Commission put forward the following wording for the referendum question: “Should Scotland be an independent country?” which people have to answer when they go to vote.

Naturally, this issue is pretty hot in Scotland and there are a lot of scenarios and speculations discussed among people and the media. The latest impressive gambling news came from a Surrey punter, who gambled GBP 400,000 that Scottish voters will say no at independence referendum. More about one of largest political bets even placed can he found on:

TheGuardian: Scottish independence referendum: man bets £400,000 on no vote

Bookmakers around the country are extremely excited about the impressive bet calling it the “biggest political bet ever struck.”

One of the biggest betting houses in the UK William Hill reported that the bettor in question showed a banker’s draft for GBP 400,000 in a branch in south-west London. Keeping in mind that the odds are at 1/4 for a no vote, he will most probably earn profit of GBP 100,000.

Additionally, William Hill reported that it already has a GBP 200,000 bet placed again on a no vote, which isn’t surprising as people’s support for a no vote has grown by eight points to 61%, while backing for a yes vote has declined to 18%.

Graham Sharpe, spokesman of William Hill commented: “As far as we can ascertain, this is the biggest political bet ever struck.”

Moreover: “The previous record was a GBP 200,000 bet also struck on a no vote in the Scottish referendum earlier in the campaign, and the same amount was gambled by a customer who backed David Cameron to become Tory leader.”

And: “We are now well on the way to turning over GBP 1 million on the outcome of the Scottish referendum, which is exceeding our expectations.”

TheIndependent: Scottish referendum set to be the most gambled on political event ever

William Hill is definitely one of the big winners, who are discussed in numerous gambling blogs, as this referendum will most probably earn the company more than any other political vote.

Sharpe added the revenue results on the referendum outcome are very impressive, especially keeping in mind that “our total turnover on the last General Election in 2010 was no more than one and a half million.”

With the current bet of GBP 400,000 the UK is pretty high in the table of political bets, very close behind the biggest reported non-UK bet, which was GBP 419,000. It was placed by an Australian gambler, who bet that Tony Abbott would win the 2013 Australian general election.

TheTelegraph: Man bets £400,000 on Scotland saying ‘no’

The GBP 400,000 wager on the outcome of the independence referendum in Scotland is definitely one of the most commented issues in the UK, prior the vote, which will happen in September this year.

William Hill reported that the bettor, who is part of all conversations in the gambling circles, is middle-aged man from Surrey and didn’t have Scottish accent. He placed the bet through a banker’s draft and will have the chance to “make profit” of GBP 100,000 if his prediction comes true.

In reality, “there are less than 100 campaign days to go until Scottish voters go to the polls to decide whether their country should remain part of the United Kingdom.”

Naturally, all three parties in UK’s parliament offered deals to Scotland if it rejects the independence, like more powers on the issues of tax and spending.

However, there are some controversies regarding the support, as last week Gordon Brown, who supports the “No” campaign against independence, accused David Cameron of making a “big mistake” in confronting Scotland against England in his attempt to save the union.

The former Prime Minister expressed his concern that threatening the Scottish population with cuts of jobs and bankruptcy if they vote for independence, transformed the debate and made it simply “Scotland versus Britain.”

Reuters: Gambler in England bets 400,000 pounds that Scots will reject independence

One of the “world’s biggest ever political bets” will most probably bring the bettor who placed it quite impressive revenue.

The GBP 400,000 bet is twice as big as the one of GBP 200,000, also placed on a no vote, by a Scottish man at an earlier stage of the independence referendum campaign.

Despite the larger percentage of people who will most probably vote “No”, in comparison to the supporters of Scottish independence, there are still a lot of voters who haven’t made up their minds.

Thus: “The bookmakers said they had shortened their odds on a “no” vote to 1/5, suggesting this was now more likely to happen than previously thought. Their odds on a “yes” vote stand at 10/3, meaning winners getting 10 pounds back for every three they bet.”

The Scottish independence referendum is just three months away and it will happen on 18th September 2014. The decision about it came after the Scottish and the UK governments signed an agreement, followed by the Scottish Independence Referendum Bill, which dealt with the details around this historic event.

The Bill was passed by the Scottish Parliament in November 2013 and it received Royal Assent in December 2013. The Electoral Commission put forward the following wording for the referendum question: “Should Scotland be an independent country?” which people have to answer when they go to vote.

Naturally, this issue is pretty hot in Scotland and there are a lot of scenarios and speculations discussed among people and the media. The latest impressive gambling news came from a Surrey punter, who gambled GBP 400,000 that Scottish voters will say no at independence referendum. More about one of largest political bets even placed can he found on:

TheGuardian: Scottish independence referendum: man bets £400,000 on no vote

Bookmakers around the country are extremely excited about the impressive bet calling it the “biggest political bet ever struck.”

One of the biggest betting houses in the UK William Hill reported that the bettor in question showed a banker’s draft for GBP 400,000 in a branch in south-west London. Keeping in mind that the odds are at 1/4 for a no vote, he will most probably earn profit of GBP 100,000.

Additionally, William Hill reported that it already has a GBP 200,000 bet placed again on a no vote, which isn’t surprising as people’s support for a no vote has grown by eight points to 61%, while backing for a yes vote has declined to 18%.

Graham Sharpe, spokesman of William Hill commented: “As far as we can ascertain, this is the biggest political bet ever struck.”

Moreover: “The previous record was a GBP 200,000 bet also struck on a no vote in the Scottish referendum earlier in the campaign, and the same amount was gambled by a customer who backed David Cameron to become Tory leader.”

And: “We are now well on the way to turning over GBP 1 million on the outcome of the Scottish referendum, which is exceeding our expectations.”

TheIndependent: Scottish referendum set to be the most gambled on political event ever

William Hill is definitely one of the big winners, who are discussed in numerous gambling blogs, as this referendum will most probably earn the company more than any other political vote.

Sharpe added the revenue results on the referendum outcome are very impressive, especially keeping in mind that “our total turnover on the last General Election in 2010 was no more than one and a half million.”

With the current bet of GBP 400,000 the UK is pretty high in the table of political bets, very close behind the biggest reported non-UK bet, which was GBP 419,000. It was placed by an Australian gambler, who bet that Tony Abbott would win the 2013 Australian general election.

TheTelegraph: Man bets £400,000 on Scotland saying ‘no’

The GBP 400,000 wager on the outcome of the independence referendum in Scotland is definitely one of the most commented issues in the UK, prior the vote, which will happen in September this year.

William Hill reported that the bettor, who is part of all conversations in the gambling circles, is middle-aged man from Surrey and didn’t have Scottish accent. He placed the bet through a banker’s draft and will have the chance to “make profit” of GBP 100,000 if his prediction comes true.

In reality, “there are less than 100 campaign days to go until Scottish voters go to the polls to decide whether their country should remain part of the United Kingdom.”

Naturally, all three parties in UK’s parliament offered deals to Scotland if it rejects the independence, like more powers on the issues of tax and spending.

However, there are some controversies regarding the support, as last week Gordon Brown, who supports the “No” campaign against independence, accused David Cameron of making a “big mistake” in confronting Scotland against England in his attempt to save the union.

The former Prime Minister expressed his concern that threatening the Scottish population with cuts of jobs and bankruptcy if they vote for independence, transformed the debate and made it simply “Scotland versus Britain.”

Reuters: Gambler in England bets 400,000 pounds that Scots will reject independence

One of the “world’s biggest ever political bets” will most probably bring the bettor who placed it quite impressive revenue.

The GBP 400,000 bet is twice as big as the one of GBP 200,000, also placed on a no vote, by a Scottish man at an earlier stage of the independence referendum campaign.

Despite the larger percentage of people who will most probably vote “No”, in comparison to the supporters of Scottish independence, there are still a lot of voters who haven’t made up their minds.

Thus: “The bookmakers said they had shortened their odds on a “no” vote to 1/5, suggesting this was now more likely to happen than previously thought. Their odds on a “yes” vote stand at 10/3, meaning winners getting 10 pounds back for every three they bet.”

Fifty-two year old Cliff Bryant, placed several accumulator bets on whether cities in Britain would enjoy a White Christmas, and won all of them bringing his winnings to £7.1 million. Ladbrokes, the betting site where he placed the bet, is refusing to pay out this sum on account of the bets being accumulators instead of singles.

Press Association: No £7.1m payout after bet ‘error’

Bookmaker Ladbrokes refuses to pay off a bet worth £7.1 million to a man who wagered snow would fall on Christmas because it was accepted by mistake. Cliff Bryant placed 2 £5 accumulators on snow fall across 24 British Cities on December 25.

Ladbrokes staff accepted the bet by mistake as the company rules state such a wager can only be a single bet. The first accumulator would’ve netted Mr. Bryant over £4.9 million, the second £2.23 million. The company honored the relevant single bets and paid out a lesser £31.78 instead. They’ve since apologized for the mistake.

Mr. Bryant is seeking legal advice over the error and says he was “gutted” by the decision. He urged the company to make rules clearer. A Ladbrokes spokesman said company rules state “snow at Christmas” bets must be singles only, rather than accumulators.

Reuters: Bookie refuses to pay out £7 million on snow bet

Cliff Bryant placed 2 £5 accumulator bets that snow would fall on 24 towns and cities across the north of England on Christmas. Now he’s being refused the £7.1 million payout he won.

“We have apologized to the customer for any confusion and for mistakenly accepting an accumulator bet when our own rules state that only single bets are available on a market of this nature,” said a Ladbrokes spokesman. “We are happy to void the bets and to pay the customer his winnings on the relevant singles.” That would be a mere £32.

The graphic designer from Southampton, says he was “gutted” and will seek legal advice. He claims the 1st bet would have won him 4.9 million pounds, with the second adding 2.2 million. “If I make a mistake in my work like that it costs me dearly and I think the offer should be a lot more generous than they have made.”

Ladbrokes gave Bryant details of the Independent Betting Adjudication Service (IBAS), an neutral adjudicator that deals with gambling operators and customers disagreements.

Danny Cracknell, an IBAS manager, told Reuters that Bryant had been in contact and they would be investigating the issue once he had completed the relevant forms.

Mirror.co.uk: Punter furious after bookies refuse to pay out on £7m white Christmas bet

A UK punter thought he won £7million betting on a white Christmas and ended up with just £31. Cliff Bryant spent £10 on 2 accumulator bets that 24 UK cities would see snow fall on Christmas. All of his predictions were correct but he was later told that his wager was invalid.

Company rules say accumulators, a series of linked bets, can’t be placed on the chances of a white Christmas. Cliff received the winnings he would have got had he placed 24 single bets. The dad-of-three, said: “My heart was beating fast when I thought I’d won but now I’m absolutely fuming. If I’d been paid I would have loved to have got my teeth done.”

A Ladbrokes spokesman said: “We apologize that a bet was taken in error. We intend to talk to Mr. Cliff to see if we can make it up to him.”

Cliff Bryant would’ve made over £7 million this Christmas but Ladbrokes claims that his bets were invalid and will award him only £31 due to the mishap.

Fifty-two year old Cliff Bryant, placed several accumulator bets on whether cities in Britain would enjoy a White Christmas, and won all of them bringing his winnings to £7.1 million. Ladbrokes, the betting site where he placed the bet, is refusing to pay out this sum on account of the bets being accumulators instead of singles.

Press Association: No £7.1m payout after bet ‘error’

Bookmaker Ladbrokes refuses to pay off a bet worth £7.1 million to a man who wagered snow would fall on Christmas because it was accepted by mistake. Cliff Bryant placed 2 £5 accumulators on snow fall across 24 British Cities on December 25.

Ladbrokes staff accepted the bet by mistake as the company rules state such a wager can only be a single bet. The first accumulator would’ve netted Mr. Bryant over £4.9 million, the second £2.23 million. The company honored the relevant single bets and paid out a lesser £31.78 instead. They’ve since apologized for the mistake.

Mr. Bryant is seeking legal advice over the error and says he was “gutted” by the decision. He urged the company to make rules clearer. A Ladbrokes spokesman said company rules state “snow at Christmas” bets must be singles only, rather than accumulators.

Reuters: Bookie refuses to pay out £7 million on snow bet

Cliff Bryant placed 2 £5 accumulator bets that snow would fall on 24 towns and cities across the north of England on Christmas. Now he’s being refused the £7.1 million payout he won.

“We have apologized to the customer for any confusion and for mistakenly accepting an accumulator bet when our own rules state that only single bets are available on a market of this nature,” said a Ladbrokes spokesman. “We are happy to void the bets and to pay the customer his winnings on the relevant singles.” That would be a mere £32.

The graphic designer from Southampton, says he was “gutted” and will seek legal advice. He claims the 1st bet would have won him 4.9 million pounds, with the second adding 2.2 million. “If I make a mistake in my work like that it costs me dearly and I think the offer should be a lot more generous than they have made.”

Ladbrokes gave Bryant details of the Independent Betting Adjudication Service (IBAS), an neutral adjudicator that deals with gambling operators and customers disagreements.

Danny Cracknell, an IBAS manager, told Reuters that Bryant had been in contact and they would be investigating the issue once he had completed the relevant forms.

Mirror.co.uk: Punter furious after bookies refuse to pay out on £7m white Christmas bet

A UK punter thought he won £7million betting on a white Christmas and ended up with just £31. Cliff Bryant spent £10 on 2 accumulator bets that 24 UK cities would see snow fall on Christmas. All of his predictions were correct but he was later told that his wager was invalid.

Company rules say accumulators, a series of linked bets, can’t be placed on the chances of a white Christmas. Cliff received the winnings he would have got had he placed 24 single bets. The dad-of-three, said: “My heart was beating fast when I thought I’d won but now I’m absolutely fuming. If I’d been paid I would have loved to have got my teeth done.”

A Ladbrokes spokesman said: “We apologize that a bet was taken in error. We intend to talk to Mr. Cliff to see if we can make it up to him.”

Cliff Bryant would’ve made over £7 million this Christmas but Ladbrokes claims that his bets were invalid and will award him only £31 due to the mishap.

Belgian Gambling Laws

Gambling legislation is a point of contention all over the world today, specifically the new Belgian gambling laws which restrict online casino games. Many countries are changing their policies on the subject and organization, such as the European Union, are making very influential decisions with regards to all member states.

Despite wishes on behalf of the European Union that its mandates be acknowledged and followed, some countries still insist on going against the grain. A few such countries are France, Poland and most recently Belgium. Speculations indicate that these countries have crossed the line intentionally in order to test Michel Barnier, the new European Commissioner.

Belgium has stirred the subject to the brink of boiling by recently passing a law regulating online gambling that did not address several points of contention with EU rules, as found by the European Commission.

The European Commission gave an official Detailed Opinion to Belgian legislators which pointed out which parts of Belgian gambling laws needed to be amended in order to comply with EU law. Some of the points pointed out by the European Commission include: an unjustified limit on licenses, requirements of servers being located in Belgium, and forbidding citizens to participate in EU licensed and regulated internet gambling in Belgium.

Belgian gambling laws: Sigrid Ligne angry

Secretary General of the European Gaming and Betting Association, Sigrid Ligne, condemned Belgium’s action saying that, “The law is not only highly questionable from a legal point of view, a high level of consumer protection can be achieved by specific and targeted legislation, not by protecting the operators with a vested interest in the current situation.”

On December 3rd, lawmakers passed Belgian gambling laws without taking into considerations concerns that were voiced by the European Commission. In doing so, the Belgian Government has subjected itself to infringement proceedings that may be held by the EC which believes Belgian gambling laws are illegal within the EU framework.

Belgian Gambling Laws

Gambling legislation is a point of contention all over the world today, specifically the new Belgian gambling laws which restrict online casino games. Many countries are changing their policies on the subject and organization, such as the European Union, are making very influential decisions with regards to all member states.

Despite wishes on behalf of the European Union that its mandates be acknowledged and followed, some countries still insist on going against the grain. A few such countries are France, Poland and most recently Belgium. Speculations indicate that these countries have crossed the line intentionally in order to test Michel Barnier, the new European Commissioner.

Belgium has stirred the subject to the brink of boiling by recently passing a law regulating online gambling that did not address several points of contention with EU rules, as found by the European Commission.

The European Commission gave an official Detailed Opinion to Belgian legislators which pointed out which parts of Belgian gambling laws needed to be amended in order to comply with EU law. Some of the points pointed out by the European Commission include: an unjustified limit on licenses, requirements of servers being located in Belgium, and forbidding citizens to participate in EU licensed and regulated internet gambling in Belgium.

Belgian gambling laws: Sigrid Ligne angry

Secretary General of the European Gaming and Betting Association, Sigrid Ligne, condemned Belgium’s action saying that, “The law is not only highly questionable from a legal point of view, a high level of consumer protection can be achieved by specific and targeted legislation, not by protecting the operators with a vested interest in the current situation.”

On December 3rd, lawmakers passed Belgian gambling laws without taking into considerations concerns that were voiced by the European Commission. In doing so, the Belgian Government has subjected itself to infringement proceedings that may be held by the EC which believes Belgian gambling laws are illegal within the EU framework.

Greyhound racing

Greyhound racing in the great state of Massachusetts has come to an end. The reason behind the recent change in policy is quite simple – greyhound racing was voted down by referendum. The 69-year old Raynham Park will see no more live greyhound racing as the result of 56% vote on behalf of the public against the sport.

Last lap for greyhound racing in New England

More than 3,000 people visited Raynham Park this weekend on the final day of live greyhound racing in Massachusetts and, possibly, New England. This is the result of a public referendum — 56% of voters favored banning the sport — and part of a national trend driven by a mix of animal-rights concerns and declining track attendance.

Live dog racing has ceased in Maine, New Hampshire, Connecticut, and, temporarily at least, Rhode Island. Greyhound racing continues at 23 tracks in seven states, 13 of them in Florida, according to the organization GREY2K USA, which formed in 2001. At that time there were 49 greyhound racing tracks in 15 states.

Many greyhound racing dogs will move to race elsewhere, but hundreds will be looking for new homes. Raynham is working with GREY2K and the Massachusetts Society for the Prevention of Cruelty to Animals-Angell Animal Medical Center to aid their adoption.

“People who voted to end greyhound racing dog racing should step forward now and take a dog home,’’ Dorchak said. “This is the happy ending we all worked for, and these dogs make wonderful pets.’’

Industry can learn from greyhound ban

Rain Spot crossed the wire first in Saturday’s 10th race at Raynham Park, a track that’s been around for 69 years. Rain Spot’s race is the last dog race that will ever be run in Massachusetts, where voters decided the sport was cruel to animals and ended it.

Greyhound racing fell into decline by the mid-nineties when attendance reached pitiful levels. Casino competition, and a poor facility led to its demise, but what killed off dog racing was the public aversion to animal cruelty. Massachusetts voters passed the Greyhound Protection Act by a 56-44 margin.

Animal rights activists shed light on greyhound racing that had long tolerated owners killing dogs after their racing days were over. One story reported that the remains of 3,000 greyhounds were found on the property of a former racetrack security guard in Alabama.

Ironically, the greyhound industry did a great job curbing the greyhound racing dog killings. The industry teamed with dog lovers in an effort to find homes for retired racers. According to the Greyhound Racing Association of America, more than 152,000 greyhounds have been adopted as pets since 1990.

Gates close on live racing at Raynham

After 26 years calling greyhound races, Tony Bonaminion went into race-calling mode as easily as turning on his microphone. After yesterday’s races at the Raynham Park dog track, Bonaminion was out of a job and 75 years of live dog racing came to a close.

Patrons and employees, who turned out in massive numbers yesterday, were largely somber. For Peter Burke, director of racing, the Raynham track had been a family affair for years. “My two daughters and their mom work here,’’ he said. Burke started as a lead-out and worked his way up to being in charge of all racing at the track.

The biggest transition might be for the greyhound racing dogs themselves. Chuck Thomson, head of adoption at the Off-Track Pets facility, said the closing was the “end of an era.’’ Although Thomson’s office was only open for three hours a week, he always had several visitors who came by.

Lots of greyhound racing dogs need a home now. Louise Coleman, Greyhound Friends’ director, said 150 dogs from Raynham will not continue racing elsewhere and need to be adopted. The Greyhound Friends kennel in Hopkinton has taken in 50 dogs in the past six weeks. “It’s unfortunate that the people are being laid off, but the dogs are being laid off, too. Their job is done. We do the best we can to help them,’’ she said.

After decades of entertaining the public, Raynham racetrack must discontinue live greyhound racing on account of being voted down by the public in referendum.

Greyhound racing

Greyhound racing in the great state of Massachusetts has come to an end. The reason behind the recent change in policy is quite simple – greyhound racing was voted down by referendum. The 69-year old Raynham Park will see no more live greyhound racing as the result of 56% vote on behalf of the public against the sport.

Last lap for greyhound racing in New England

More than 3,000 people visited Raynham Park this weekend on the final day of live greyhound racing in Massachusetts and, possibly, New England. This is the result of a public referendum — 56% of voters favored banning the sport — and part of a national trend driven by a mix of animal-rights concerns and declining track attendance.

Live dog racing has ceased in Maine, New Hampshire, Connecticut, and, temporarily at least, Rhode Island. Greyhound racing continues at 23 tracks in seven states, 13 of them in Florida, according to the organization GREY2K USA, which formed in 2001. At that time there were 49 greyhound racing tracks in 15 states.

Many greyhound racing dogs will move to race elsewhere, but hundreds will be looking for new homes. Raynham is working with GREY2K and the Massachusetts Society for the Prevention of Cruelty to Animals-Angell Animal Medical Center to aid their adoption.

“People who voted to end greyhound racing dog racing should step forward now and take a dog home,’’ Dorchak said. “This is the happy ending we all worked for, and these dogs make wonderful pets.’’

Industry can learn from greyhound ban

Rain Spot crossed the wire first in Saturday’s 10th race at Raynham Park, a track that’s been around for 69 years. Rain Spot’s race is the last dog race that will ever be run in Massachusetts, where voters decided the sport was cruel to animals and ended it.

Greyhound racing fell into decline by the mid-nineties when attendance reached pitiful levels. Casino competition, and a poor facility led to its demise, but what killed off dog racing was the public aversion to animal cruelty. Massachusetts voters passed the Greyhound Protection Act by a 56-44 margin.

Animal rights activists shed light on greyhound racing that had long tolerated owners killing dogs after their racing days were over. One story reported that the remains of 3,000 greyhounds were found on the property of a former racetrack security guard in Alabama.

Ironically, the greyhound industry did a great job curbing the greyhound racing dog killings. The industry teamed with dog lovers in an effort to find homes for retired racers. According to the Greyhound Racing Association of America, more than 152,000 greyhounds have been adopted as pets since 1990.

Gates close on live racing at Raynham

After 26 years calling greyhound races, Tony Bonaminion went into race-calling mode as easily as turning on his microphone. After yesterday’s races at the Raynham Park dog track, Bonaminion was out of a job and 75 years of live dog racing came to a close.

Patrons and employees, who turned out in massive numbers yesterday, were largely somber. For Peter Burke, director of racing, the Raynham track had been a family affair for years. “My two daughters and their mom work here,’’ he said. Burke started as a lead-out and worked his way up to being in charge of all racing at the track.

The biggest transition might be for the greyhound racing dogs themselves. Chuck Thomson, head of adoption at the Off-Track Pets facility, said the closing was the “end of an era.’’ Although Thomson’s office was only open for three hours a week, he always had several visitors who came by.

Lots of greyhound racing dogs need a home now. Louise Coleman, Greyhound Friends’ director, said 150 dogs from Raynham will not continue racing elsewhere and need to be adopted. The Greyhound Friends kennel in Hopkinton has taken in 50 dogs in the past six weeks. “It’s unfortunate that the people are being laid off, but the dogs are being laid off, too. Their job is done. We do the best we can to help them,’’ she said.

After decades of entertaining the public, Raynham racetrack must discontinue live greyhound racing on account of being voted down by the public in referendum.

Four employees of a Texas company called Fidelity were fired for playing fantasy football at work. Fantasy football involves creating virtual teams out of pro football players, then using the real player’s statistics to determine the results. Pooled money from all participants provides prizes. A Fidelity spokesperson claims the company has strict rules against gambling.

Reuters: Fantasy sports at work spark concerns after report

Fantasy sports leagues are up in arms after news got out that a company called Fidelity Investments recently fired four employees for playing fantasy football while at work.

President of The Fantasy Sports Trade Association Paul Charchian said on Wednesday that the association is concerned that the incident marks the start of a battle between employers and the popular pastime of internet sports betting. Charchian cited a June survey that found 29 million people played fantasy sports in the United States and Canada in the past year, up from 20 million people in 2007.

Fantasy sports games revolve around the statistics or actual professional athletes. Players put together a virtual team and convert the stats of each player into online points, winning money when their “team” performs well. The money comes from participants who pool funds to fuel the games. Many offices tolerate fantasy games, and some even encourage them as morale-builders. Others question shether these games amount to gambling in the true sense.

Cameron Pettigrew, a manager at Fidelity’s Westlake office in Texas, along three other employees were fired by Fidelity for participating in the fantasy sports. A Fidelity spokeswoman said “We have policies in place that address a variety of professional conduct standards for our employees”.

Few details have been released concerning how Pettigrew’s league worked or why Fidelity may have objected to it.

Boston Herald: Fidelity fires 4 in fantasy football

Fidelity Investments in Texas reportedly fired four employees for participating fantasy football while at work.

Cameron Pettigrew, a manager at Fidelity, told the Fort Worth Star-Telegram how he and three other employees lost their jobs at the Boston-based mutual fund corporation.

Pettigrew, who worked for Fidelity for 2 years before losing his job, could not be reached for comment.

Vin Loporchio, a spokesperson for Fidelity, said that the company does not comment on current or former employees “out of respect for their privacy and confidentiality,” and would not provide information.

“Our company policies address a variety of professional conduct standards for our employees,” Loporchio said yesterday in an e-mail to the Boston Herald. “Beyond that, however, we would not have anything to add.”

Loporchio told the Star-Telegram that Fidelity has “clear policies” relating gambling. “Participation in any form of gambling through the use of Fidelity time or equipment or any other company resource is prohibited,” the newspaper quoted Loporchio as saying. “We want our employees to be focused on our customers and clients.”

NBC Dallas/Fort Worth: Fired for Tackling Fantasy Football

A broker at a financial company in Westlake, Florida, claims that he lost his job for playing fantasy football while at work.

“I’m being 100 percent honest,” said Cameron Pettigrew. “It’s as ludicrous as it sounds.”

Pettigrew said his former employer, Fidelity Investments, let go of him and three others in October for organizing $20 fantasy football games. Fantasy football is a popular sports game in which participants bet on the performances of real football players.

“I loved my job at Fidelity,” Pettigrew said. “My whole argument is, the punishment didn’t fit the crime.”

Vin Loporchio, a spokesman for Fidelity told the Fort Worth Star-Telegram that the company has a clear policy against gambling. “Participation in any form of gambling through the use of Fidelity time or equipment or any other company resource is prohibited,” said Loporchio. “We want our employees to be focused on our customers and clients.”

Pettigrew claimed to understand the company’s policy but didn’t think it was enforced. “We had people in management and leadership doing it, ever since the first day I was there,” he said. “I thought it was a rule nobody took seriously.”

Pettigrew is now unemployed and looking for work.

Four employees of a Texas company called Fidelity were fired for playing fantasy football at work. Fantasy football involves creating virtual teams out of pro football players, then using the real player’s statistics to determine the results. Pooled money from all participants provides prizes. A Fidelity spokesperson claims the company has strict rules against gambling.

Reuters: Fantasy sports at work spark concerns after report

Fantasy sports leagues are up in arms after news got out that a company called Fidelity Investments recently fired four employees for playing fantasy football while at work.

President of The Fantasy Sports Trade Association Paul Charchian said on Wednesday that the association is concerned that the incident marks the start of a battle between employers and the popular pastime of internet sports betting. Charchian cited a June survey that found 29 million people played fantasy sports in the United States and Canada in the past year, up from 20 million people in 2007.

Fantasy sports games revolve around the statistics or actual professional athletes. Players put together a virtual team and convert the stats of each player into online points, winning money when their “team” performs well. The money comes from participants who pool funds to fuel the games. Many offices tolerate fantasy games, and some even encourage them as morale-builders. Others question shether these games amount to gambling in the true sense.

Cameron Pettigrew, a manager at Fidelity’s Westlake office in Texas, along three other employees were fired by Fidelity for participating in the fantasy sports. A Fidelity spokeswoman said “We have policies in place that address a variety of professional conduct standards for our employees”.

Few details have been released concerning how Pettigrew’s league worked or why Fidelity may have objected to it.

Boston Herald: Fidelity fires 4 in fantasy football

Fidelity Investments in Texas reportedly fired four employees for participating fantasy football while at work.

Cameron Pettigrew, a manager at Fidelity, told the Fort Worth Star-Telegram how he and three other employees lost their jobs at the Boston-based mutual fund corporation.

Pettigrew, who worked for Fidelity for 2 years before losing his job, could not be reached for comment.

Vin Loporchio, a spokesperson for Fidelity, said that the company does not comment on current or former employees “out of respect for their privacy and confidentiality,” and would not provide information.

“Our company policies address a variety of professional conduct standards for our employees,” Loporchio said yesterday in an e-mail to the Boston Herald. “Beyond that, however, we would not have anything to add.”

Loporchio told the Star-Telegram that Fidelity has “clear policies” relating gambling. “Participation in any form of gambling through the use of Fidelity time or equipment or any other company resource is prohibited,” the newspaper quoted Loporchio as saying. “We want our employees to be focused on our customers and clients.”

NBC Dallas/Fort Worth: Fired for Tackling Fantasy Football

A broker at a financial company in Westlake, Florida, claims that he lost his job for playing fantasy football while at work.

“I’m being 100 percent honest,” said Cameron Pettigrew. “It’s as ludicrous as it sounds.”

Pettigrew said his former employer, Fidelity Investments, let go of him and three others in October for organizing $20 fantasy football games. Fantasy football is a popular sports game in which participants bet on the performances of real football players.

“I loved my job at Fidelity,” Pettigrew said. “My whole argument is, the punishment didn’t fit the crime.”

Vin Loporchio, a spokesman for Fidelity told the Fort Worth Star-Telegram that the company has a clear policy against gambling. “Participation in any form of gambling through the use of Fidelity time or equipment or any other company resource is prohibited,” said Loporchio. “We want our employees to be focused on our customers and clients.”

Pettigrew claimed to understand the company’s policy but didn’t think it was enforced. “We had people in management and leadership doing it, ever since the first day I was there,” he said. “I thought it was a rule nobody took seriously.”

Pettigrew is now unemployed and looking for work.

Online casino pro Cryptologic has agreed to license at least five of their casino games to BetClic.

The agreement will be beneficial to both parties, and Cryptologic will earn revenues based on wagers placed on the games. Following the announcement, the online casino pro shares jumped considerably.

Online Casino Pro Cryptologic Innovative Betting Games

CryptoLogic Limited, an international developer of online casino games and software, just signed a multi-year agreement to license five or more of its best casino games to BetClic, a major European internet sportsbook.

This agreement covers a few of online casino pro CryptoLogic’s best online slot games, which will soon be featured on BetClic’s Games website. The games will be integrated with the help of Gaming Technology Solutions plc, CryptoLogic’s technology platform provider.

President and CEO of CryptoLogic Brian Hadfield said, “The popularity and demand for our industry-leading games remains strong as evidenced by this latest agreement with BetClic, a fast growing European operator. As each new licensee launches our games, we add a new and recurring revenue stream to our business while providing enhanced value and user experience for our partners’ customers.”

Nicolas Beraud, CEO of BetClic, announced, “We are excited about the prospect of adding quality branded content to our current portfolio. CryptoLogic games are instantly recognisable and are developed to the highest industry standards. This partnership further enhances our commitment to offering the best gaming experience to our diverse customer base.”

Online casino pro Cryptologic on sports betting

Cryptologic, a Dublin-based company specializing in online gaming software, is about to sign a deal with Betclic, global online sportsbook operator, and will soon be launching a series of new games in partnership with DC Comics and Paramount Digital Entertainment.

They expected to announce this week that the Malta-based online sports betting company Betclic will soon offer Cryptologic games on the casino portion of their website.

Betclic is primarily focused on sports betting, especially football. The group has businesses in 15 countries and caters to around 1.5 million customers. Betclic is working to develop its casino and poker casino offerings, which have become a standard part of online gambling sites.

Cryptologic has partnerships with DC Comics and Paramount Digital Entertainment (a parent company of Paramount Pictures), and develops games using characters owned by these groups, including Superman and Braveheart.

TechMARK movers: CryptoLogic signs BetClic deal

Shares in online gambling software and games developer CryptoLogic soared after an announcement that they have signed a licensing deal with BetClic, a major European online sportsbook. Betclic will license at least five games from CryptoLogic. This deal will provide recurring revenues for online casino pro CryptoLogic because income is to be based on all wagers placed on the games.

CryptoLogic reported a significant decline in revenues from $50.2m to $29.9m in the nine months prior to September 2009. The loss more than doubled, jumping from $6.48m to $13.5m. The decline was blamed on licensees acting too slowly in launching new games.

CryptoLogic shares are traded on the TSX, Main Market, and Nasdaq. The current online casino pro is half what it was in the middle of September.

Online casino pro Cryptologic has agreed to license at least five of their casino games to BetClic.

The agreement will be beneficial to both parties, and Cryptologic will earn revenues based on wagers placed on the games. Following the announcement, the online casino pro shares jumped considerably.

Online Casino Pro Cryptologic Innovative Betting Games

CryptoLogic Limited, an international developer of online casino games and software, just signed a multi-year agreement to license five or more of its best casino games to BetClic, a major European internet sportsbook.

This agreement covers a few of online casino pro CryptoLogic’s best online slot games, which will soon be featured on BetClic’s Games website. The games will be integrated with the help of Gaming Technology Solutions plc, CryptoLogic’s technology platform provider.

President and CEO of CryptoLogic Brian Hadfield said, “The popularity and demand for our industry-leading games remains strong as evidenced by this latest agreement with BetClic, a fast growing European operator. As each new licensee launches our games, we add a new and recurring revenue stream to our business while providing enhanced value and user experience for our partners’ customers.”

Nicolas Beraud, CEO of BetClic, announced, “We are excited about the prospect of adding quality branded content to our current portfolio. CryptoLogic games are instantly recognisable and are developed to the highest industry standards. This partnership further enhances our commitment to offering the best gaming experience to our diverse customer base.”

Online casino pro Cryptologic on sports betting

Cryptologic, a Dublin-based company specializing in online gaming software, is about to sign a deal with Betclic, global online sportsbook operator, and will soon be launching a series of new games in partnership with DC Comics and Paramount Digital Entertainment.

They expected to announce this week that the Malta-based online sports betting company Betclic will soon offer Cryptologic games on the casino portion of their website.

Betclic is primarily focused on sports betting, especially football. The group has businesses in 15 countries and caters to around 1.5 million customers. Betclic is working to develop its casino and poker casino offerings, which have become a standard part of online gambling sites.

Cryptologic has partnerships with DC Comics and Paramount Digital Entertainment (a parent company of Paramount Pictures), and develops games using characters owned by these groups, including Superman and Braveheart.

TechMARK movers: CryptoLogic signs BetClic deal

Shares in online gambling software and games developer CryptoLogic soared after an announcement that they have signed a licensing deal with BetClic, a major European online sportsbook. Betclic will license at least five games from CryptoLogic. This deal will provide recurring revenues for online casino pro CryptoLogic because income is to be based on all wagers placed on the games.

CryptoLogic reported a significant decline in revenues from $50.2m to $29.9m in the nine months prior to September 2009. The loss more than doubled, jumping from $6.48m to $13.5m. The decline was blamed on licensees acting too slowly in launching new games.

CryptoLogic shares are traded on the TSX, Main Market, and Nasdaq. The current online casino pro is half what it was in the middle of September.

An elderly semi-retired heating engineer won 1.5 m million pounds ($2.4 million dollars) from a 2 pound bet when he chose six horses in six consecutive races that all won.

Mr. Steve Whiteley, 60, went to the racing track with his two buddies and a bottle of whiskey. They took the bus as none had more than 5 quid in their pockets. They got inside for free using a promotional coupon.

The bet he wanted to place would have cost 30 pounds so he instead chose 6 horses in 6 races and put two quid on the Tote Jackpon which has grown substantially. For the past year nobody was able to predict all 6 winners in 6 races so the jackpot kept rolling over week after week.

Mr. Whiteley, who was tanning a beer during the interview, states that he only goes to the track with his friends once or twice a year, and that playing poker is his true passion. Sometimes he uses an Online sports betting service, when he hasn’t got enough money to get to the track.
Out of the 363,000 tickets sold that day during the first race, only 9,076 tickets had the first horse picked correctly.
By the fourth race, Mr. Whitley was the only person still in play. “And then at the last he said, ‘There is only one left and it’s this one’. I couldn’t believe it. I didn’t look – I am shaking like a leaf.”
When asked what he plans to do now, he eloquently replied – “Gonna tan some bevies and party!”

An elderly semi-retired heating engineer won 1.5 m million pounds ($2.4 million dollars) from a 2 pound bet when he chose six horses in six consecutive races that all won.

Mr. Steve Whiteley, 60, went to the racing track with his two buddies and a bottle of whiskey. They took the bus as none had more than 5 quid in their pockets. They got inside for free using a promotional coupon.

The bet he wanted to place would have cost 30 pounds so he instead chose 6 horses in 6 races and put two quid on the Tote Jackpon which has grown substantially. For the past year nobody was able to predict all 6 winners in 6 races so the jackpot kept rolling over week after week.

Mr. Whiteley, who was tanning a beer during the interview, states that he only goes to the track with his friends once or twice a year, and that playing poker is his true passion. Sometimes he uses an Online sports betting service, when he hasn’t got enough money to get to the track.
Out of the 363,000 tickets sold that day during the first race, only 9,076 tickets had the first horse picked correctly.
By the fourth race, Mr. Whitley was the only person still in play. “And then at the last he said, ‘There is only one left and it’s this one’. I couldn’t believe it. I didn’t look – I am shaking like a leaf.”
When asked what he plans to do now, he eloquently replied – “Gonna tan some bevies and party!”

Most people never have the opportunity to participate in a Formula 1 race. Of course those who can haven’t usually don’t place significantly. However, German Red Bull driver Sebastian Vettel evidently wasn’t one to believe that trying again is for losers. He won last year and this year, on October 10th, he won again, beating fellow Red Bull driver, Mark Webber, by merely 0.9 seconds.

Singing praise of the Japanese Grand Prix circuit, 23-year old Vettel stated “This track is like it has been drawn for us with all the high-speed corners. It’s always a pleasure (to drive). When the car was getting lighter and lighter (with fuel) at the end, it was more and more fun,” said the 23-year old.

Three races remain within the Grand Prix Competition. Webber leads 220 points to Alonso’s 206. Vettel, in third, also has 206 points, but has won fewer races than Alonso.

Going into the race, Bodog favoured Webber at 11/4 over Alonso’s 3/1. In fact, Bet365 carried 40/1 odds of Alonso retiring early owing to his reaching the Grand Prix’ cap of eight burned-out engines.

Bet365 is currently offering 9/4 that Sebastian Vettel will win Formula 1 Drivers Champs 2010, and Mark Webber is still favoured at 11/10. Jenson Button is considered a long-shot at 50/1. For the Formula 1 Constructors Champs 2010, Red Bull is now favoured 1/50, as opposed to Ferrari’s 50/1. Bet365 closes the book for these bets at on the 22nd of October 2am. Unibet is offering similar odds.

Most people never have the opportunity to participate in a Formula 1 race. Of course those who can haven’t usually don’t place significantly. However, German Red Bull driver Sebastian Vettel evidently wasn’t one to believe that trying again is for losers. He won last year and this year, on October 10th, he won again, beating fellow Red Bull driver, Mark Webber, by merely 0.9 seconds.

Singing praise of the Japanese Grand Prix circuit, 23-year old Vettel stated “This track is like it has been drawn for us with all the high-speed corners. It’s always a pleasure (to drive). When the car was getting lighter and lighter (with fuel) at the end, it was more and more fun,” said the 23-year old.

Three races remain within the Grand Prix Competition. Webber leads 220 points to Alonso’s 206. Vettel, in third, also has 206 points, but has won fewer races than Alonso.

Going into the race, Bodog favoured Webber at 11/4 over Alonso’s 3/1. In fact, Bet365 carried 40/1 odds of Alonso retiring early owing to his reaching the Grand Prix’ cap of eight burned-out engines.

Bet365 is currently offering 9/4 that Sebastian Vettel will win Formula 1 Drivers Champs 2010, and Mark Webber is still favoured at 11/10. Jenson Button is considered a long-shot at 50/1. For the Formula 1 Constructors Champs 2010, Red Bull is now favoured 1/50, as opposed to Ferrari’s 50/1. Bet365 closes the book for these bets at on the 22nd of October 2am. Unibet is offering similar odds.

A record $23.9 million prize fund has been organized for the Australian Open Tennis Championships. This is the greatest prize since the event started, 105 years ago. Both the men’s singles champion and the women’s singles champion will walk away with $2.2 million. The defeated finalists won’t need too many tissues, as they’ll each receive $1 million checks with which to wipe away their tears.

During January, the Australian Open is the most popular sporting event anywhere in the entire world. Moreover, it is the most prevalent yearly event throughout the southern hemisphere. To prepare for this event, Melbourne Park in Victoria is being redeveloped at a cost of $348 million. This is expected to benefit not only the Open, but the complete sport of tennis.

In the first part of 2011, Rafael Nadal will have a rare opportunity to win all four grand-slam titles with a year’s period, a feat previously achieved only by Rod Laver and Don Budge. He will be up against Roger Federer, the previous number one. Meanwhile, Serena Williams will be out to reclaim the woman’s title. Top online sport betting sites are already beginning to lay odds and collect wagers for this big tennis event.

A record $23.9 million prize fund has been organized for the Australian Open Tennis Championships. This is the greatest prize since the event started, 105 years ago. Both the men’s singles champion and the women’s singles champion will walk away with $2.2 million. The defeated finalists won’t need too many tissues, as they’ll each receive $1 million checks with which to wipe away their tears.

During January, the Australian Open is the most popular sporting event anywhere in the entire world. Moreover, it is the most prevalent yearly event throughout the southern hemisphere. To prepare for this event, Melbourne Park in Victoria is being redeveloped at a cost of $348 million. This is expected to benefit not only the Open, but the complete sport of tennis.

In the first part of 2011, Rafael Nadal will have a rare opportunity to win all four grand-slam titles with a year’s period, a feat previously achieved only by Rod Laver and Don Budge. He will be up against Roger Federer, the previous number one. Meanwhile, Serena Williams will be out to reclaim the woman’s title. Top online sport betting sites are already beginning to lay odds and collect wagers for this big tennis event.

The largest prize in European golf history is being offered at the upcoming Dubai World Championship. This golf event is being held at Dubai’s Jumeirah Golf Estates in November, and the top 15 ranked players will share a very impressive prize pool of $7.5 million.

The prize was meant to be $10 million, but last year it was reduced 25% because of the current economic environment. Despite this huge drop in the prize pool, this is still considered Europe’s richest golf event.

The championship game will be played at the Jumeirah Golf Estates’s famous par 72 Earth Course. The top 60 players from the season-long European Tour Race to Dubai will be invited to compete.

The Dubai World Championship is new, with the inaugural event happening just last year. The winner was Englishman Lee Westwood who won with a score of 265 (-23) by a margin of 6 strokes.

Westwood was a favorite at top online sportsbooks like BetUS. This US-friendly sports betting site has yet to set odds for this year’s event, but they are sure to appear as we get closer to the late-November Dubai World Championship golf event.

The largest prize in European golf history is being offered at the upcoming Dubai World Championship. This golf event is being held at Dubai’s Jumeirah Golf Estates in November, and the top 15 ranked players will share a very impressive prize pool of $7.5 million.

The prize was meant to be $10 million, but last year it was reduced 25% because of the current economic environment. Despite this huge drop in the prize pool, this is still considered Europe’s richest golf event.

The championship game will be played at the Jumeirah Golf Estates’s famous par 72 Earth Course. The top 60 players from the season-long European Tour Race to Dubai will be invited to compete.

The Dubai World Championship is new, with the inaugural event happening just last year. The winner was Englishman Lee Westwood who won with a score of 265 (-23) by a margin of 6 strokes.

Westwood was a favorite at top online sportsbooks like BetUS. This US-friendly sports betting site has yet to set odds for this year’s event, but they are sure to appear as we get closer to the late-November Dubai World Championship golf event.