Nevada OK’s eSports Parimutuel Wagering

Posted by admin | Casino Affiliates | Tuesday 17 October 2017 3:15 pm

Nevada Governor Brian Sandoval signed off on a bill this week that legalizes parimutuel wagering on esports. It’s a big move that both solidifies the state’s status as an esports betting hub, and frees regulators from some major headaches.

Bookmakers in Nevada were already pretty far ahead of the curb when it came to esports betting. Several local casinos have been actively courting the esports crowd. But accepting wagers on unregulated events like video game tournaments was not without its headaches.

In parimutuel wagering, punters are really wagering against each other and the odds of any wager are determined by the number of people betting on a certain outcome. The odds (and subsequent payouts) are not fixed and can vary wildly based on how people are betting.

Parimutuel wagering is a good tool for sportsbooks to help manage the uncertainty that comes with events that are generally classed as, “others.” This group includes, but is not limited to, wagering on the outcome of awards ceremonies or beauty contests.

The bill was the brainchild of students at the University of Nevada Las Vegas William S. Boyd School of Law. As part of their coursework, some students participate in crafting gaming legislation that’s sometimes submitted as an actual law. In this case, former UNLV law student and current Nevada State Senator Becky Harris sponsored the bill.

In an interview with eSportsBettingReport, Harris explained why she was on board with esports parimutuel wagering saying:

The hope is that this bill, along with other legislation, will encourage growth in the gaming, hospitality and events industry statewide. Esports events are events that we would like to encourage in Nevada as I believe that our state has the best combination of available event locations, technological infrastructure, lodging, and additional entertainment offerings for esports event operators and fans.

As of this writing, no Nevada sportsbooks have signed on to offer parimutuel esports wagering.

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DraftKings Expanding to Irish and Australian Markets

Posted by admin | Casino Affiliates | Sunday 15 October 2017 3:19 pm

DraftKings is planning a major expansion of its international markets to include operations in both Ireland and Australia, according to a report on Legal Sports Report. This marks the company’s first big push into foreign markets since its proposed merger with rival FanDuel collapsed earlier this year.

Company officials pointed to the large numbers of enthusiastic sports fans in both countries as its reason for selecting Australia and Ireland as its latest markets. In a statement to the media, DraftKings CEO Jason Robins described the decision saying:

“Sports fans in Europe are embracing the game inside the game through DraftKings’ contests and content. As we looked to expand our European footprint, it was an easy choice to launch in Ireland and Austria, given their renowned passion for sports.”

What makes both Ireland and Australia particularly appealing to DraftKings is the large number of sports fans who also have an appreciation for American football. DraftKings Chief International Officer Jeffrey Haas expounded on this point saying:

“Ireland’s sports culture runs deep, with hundreds of thousands of passionate fans following both ‘proper football’ and ‘gridiron football’ across European and American sports leagues.”

While DraftKings’ international expansions are certainly what the company needs to insure its long-term survival, the scope of these two markets should be kept in perspective. As Legal Sports Report points out, the combined population of the two countries is only 13 million. Furthermore, neither market has an established fantasy sports market, so DraftKings’ can expect to face a major marketing challenge while establishing itself in either country.

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Scott Tom Serves Week Long Jail Sentence for Black Friday Role

Posted by admin | Casino Affiliates | Wednesday 11 October 2017 3:16 pm

More than six years after Black Friday, Absolute Poker co-founder Scott Tom is back in Antigua after serving a week long jail sentence for his role in the mother of all online poker scandals. Tom’s sentence was part of a plea deal that could have involved up to a year behind bars.

Tom returned to the United States to face illegal gambling charges back in February after years of living as a fugitive from the Department of Justice in the Caribbean. Since returning to face the music, his attorneys cut a deal for him that involved paying a $ 300,000 fine and time served.

US Magistrate Judge Barbara C. Moses, the judge who was actually charged with sentencing Tom, had very different ideas on the matter. She wasn’t particularly impressed with the notion that the time served by Tom involved simply being booked and released from Federal custody and order him to serve seven days.

Tom was, according to a report on CalvinAyre.com, quite surprised when the Judge Moses informed him that the booking process doesn’t really qualify as, “serving time,” in her view and ordered him to spend some actual time behind bars. Tom’s attorney attempted to argue that there was precedent for using a the booking process as time served, but was unable to point to details.

Judge Moses was also unimpressed when his attorney pointed out that Tom had purchased a non-refundable airline ticket to return home to Antigua where he lives, but maintains his US citizenship. Apparently she’s a proponent of the legal theory, “Don’t do the crime if you can’t do the time.”

Once he’s actually served his time, Scott will have no further obligations to the DOJ for his role in Absolute Poker’s collapse or the Black Friday scandal.

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Tipton’s Lotto Fraud Leads to Colorado Lottery Lawsuit

Posted by admin | Casino Affiliates | Saturday 7 October 2017 3:14 pm

A Colorado man who shared a lottery jackpot with lotto-fixer Eddie Tipton is suing the Colorado State Lottery in an attempt to reclaim the rest of his winnings. It’s the first lawsuit of its kind and, if successful, could be a major headache for the US lottery business.

Amir Massihzadeh, on whose behalf the suit was filed, is an engineer from Boulder, Colorado who split an $ 4.8 million lottery jackpot with Tipton and one other man nearly a decade ago. At the time, Massihzadeh took a lump sum payment of $ 800,000 (which came to be $ 568,900 after taxes). What the Boulder man didn’t know, until the FBI informed him, was that one of the two other winner he split the jackpot with had been convicted of fixing lotteries and was sentenced to 25 years in prison for the act.

Massihzadeh now reasons that since Tipton won due to fraud, that he should have split the original jackpot with the other, presumably legitimate, winner. In his eyes, he should have received three times the original amount of his first win. In his reckoning, that would amount to approximately $ 4 million, including interest.

His lawsuit goes on to point out that Tipton has actually reimbursed the Colorado State Lottery for his fraud, and that he is entitled to his portion of that repayment saying:

Even though the Tiptons have agreed to repay the money they received from the Lottery, the Lottery has refused to honor its obligation to Mr. Massihzadeh.

Massihzadeh is not the first lottery winner to sue because of Tipton’s fraud. An Iowa man who won a jackpot back in 2011 has filed a similar lawsuit. There’s also a class action suit underway that could, ultimately, involve hundreds of thousands of lottery players who purchased tickets for Tipton-tainted drawings.

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Lottoland Faces New Restrictions in New South Wales

Posted by admin | Casino Affiliates | Thursday 5 October 2017 3:15 pm

Lottoland is facing a new set of regulatory headaches in New South Wales where government officials refer to the company’s products as, “synthetic lotteries.” It’s just the latest regulatory headache for the company whose business model is drastically disrupting local lotteries, and local lottery revenue.

Details on how exactly New South Wales plans on regulation Lottoland remain sketchy, but whatever the territory comes up with, it’s unlikely to be friendly towards lottery wagering. In a statement to the press, as reported on by the Sydney Morning Herald, Deputy Premier John Barilaro said:

Synthetic lotteries do not have the same level of consumer protection as domestic lotteries. Our concern is that many customers buy tickets in a synthetic lottery, believing they’re entering a lottery, when in fact they are betting on the outcome of that lottery. A domestic lottery has a guaranteed prize pool, and is bound by strict terms and conditions and robust regulations.

Barilaro went on to say that synthetic lotteries were really nothing more than, “online gambling.” While Lottoland’s business model is different than that of government-sponsored lotteries, most would agree that both games are definitely forms of gambling.

For its part, Lottoland seems amiable to government regulation, at least in the form of new taxes. In a statement to the Daily Telegraph, a spokesmen for Lottoland said the company supports a point-of-consumption tax that would be paid at the national level. While this would cost Lottoland a bit of cash, it might also serve to keep the “synthetic lottery” debate out of the hands of smaller territorial governments.

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Gaming Industry Update: Global Gaming Expo Opening as Planned in Las Vegas

Posted by admin | Casino Affiliates | Tuesday 3 October 2017 3:17 pm

The Global Gaming Expo, the gaming industry’s biggest trade show, will open as planned this week in Las Vegas. Security at the massive event will likely be tightened in the wake of the mass shooting which took place on the Vegas Strip on Sunday night.

In a statement to the media on Monday morning Geoff Freeman, Predisdent and CEO of the American Gaming Association, which sponsors the event, addressed concerns about the safety of convention goers after Sunday’s shooting saying:

G2E annually welcomes 26,000 visitors and is scheduled to open, as planned, (Monday) with the G2E conference program, while exhibitor move-in continues for the show to open tomorrow (Tuesday). The AGA and Reed Exhibitions will be in constant contact with local and national law enforcement and our host, Las Vegas Sands. We will closely monitor the situation and safety remains our priority.

While the event is scheduled to go on as planned, it seems impossible that it would not be impacted by what it now the deadliest mass shooting in America’s all-too-long list of mass shootings. One place where the ripple of effect of mass murder will almost certainly be felt was pointed out by the Las Vegas Review Journal; a scheduled panel discussion titled, “Active Shooter: Violence in the Workplace.”

Tourism, including convention travel, is a massive business in Nevada and it’s still not known how much of an impact Sunday’s tragedy will have on the industry.

In his statement, Freeman added that the industry’s thoughts and prayers are with those impacted by the tragedy and the people of Las Vegas.

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Sportsbet Criticized for Offering Odds on Aussie Gay Marriage Vote

Posted by admin | Casino Affiliates | Sunday 1 October 2017 3:14 pm

Australian bookmaker Sportsbet is being criticized in both the traditional media and social media for offering odds on the outcome of a vote on whether or not to legalize gay marriage Down Under. The company is just the latest operator to learn that the dictum, “There’s no such thing as bad publicity,” may not always be true.

Sportsbet is offering a number of wagers on the Aussie gay marriage vote including bets on the outcome, the number of votes cast, and the percentage that vote in favor of the measure. Bets on a “yes” vote pay out $ 1.38, will a “no” victory would pay out $ 3.

While Sportsbet didn’t openly take a stand on the matter, a spokesman told the website News.com.au:

If the sentiment from our customers is any guide, the Yes vote will be the winner in the postal vote and it’s becoming more and more apparent every day.

That sentiment wasn’t enough to stop an onslaught of criticism across the media and political spectrum. Alex Greenwich , a Sydney MP who’s very active in the gay marriage vote blasted Sportsbet saying:

o vote on the validity of some Australians’ relationships is bad enough, but to bet on them is a whole new low,I think Sportsbet, to be making money on this process, is deeply concerning.

Greenwhich went on to suggest that Sportsbet donate any money that it makes on the wagers to Australian LGBT organizations.

A spokesman for Sportsbet defended the wagers saying that the company has long offered odds on the outcome of political activities and that this situation is no different from offering odds on the outcome of a presidential election.

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Ohio Gets Ready to Legalize Daily Fantasy Sports

Posted by admin | Casino Affiliates | Friday 29 September 2017 3:17 pm


Lawmakers in Ohio are considering a bill that would legalize daily fantasy sports for Buckeye State residents (many of whom are already playing them). If passed, the proposed measure would provide a big win for DraftKings and FanDuel, as well as the daily fantasy sports business at large.

Cracking the football-crazy Ohio market would be a big win for daily fantasy sports operators, particularly for DraftKings and FanDuel, as the state is believed to be harboring nearly 2 million players. According to a report on CalvinAyre.com, DraftKings and FanDuel alone account for more than 400,000 of those players. But victory in Ohio wouldn’t just be a victory for DraftKings and FanDuel, it would be a victory for the entire daily fantasy sports industry.

The model for regulated daily fantasy sports that’s being proposed in Ohio is one that taxes operators based on their size. This is exactly the model that the Fantasy Sports Trade Association (FSTA), an industry lobbying group, would like to see enacted across the country.

In an interview with Crain’s Cleveland Business, FSTA Chairman Peter Schoenke, spoke to the industry’s pleasure with the proposed bill saying:

It sort of dawned on them that you have to look out for small companies.We want a law that makes it legal and adds consistency for our profession,” he said. Our members don’t mind if our industry pays for that cost. We just want the system to have no barriers for entry — so the smaller companies out there can continue to operate, and others can come in without paying a huge fee.

If enacted, the bill legalizing daily fantasy sports in Ohio would go into effect in the beginning of 2018.

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Lottoland CEO Embraces Controversy…and Insurance

Posted by admin | Casino Affiliates | Wednesday 27 September 2017 3:14 pm

Lottoland CEO Nigel Barrell is a very busy man these days as he defends his company’s business model from fierce criticism in Australia, as well as expanding the scope of Lottoland’s daily operations.

On Lottoland’s business operations side, the company recently announced that has received a financial services from Gibraltar for its Fortuna subsidiary. Fortuna will be handling collateralized payments to lotto winners, as well as insuring the company against massive payouts.

Lottery operators all over the world deal with insurance companies to provide these services, it’s believed that the Fortuna/Lottoland connection marks the first time one company has performed both operations.

In an interview with the Gibraltar Olive Press, Barrell beamed at the prospect of being selected to operate in the insurance business from the island nation saying:

To-date Gibraltar is very selective and restrictive in awarding licenses, at the moment it has only approximately 30 gaming licensees. Gibraltar will only accept the ‘blue-chip’ players of the industry. This approach differs strongly from other countries and we are immensely proud to be one of them.

While things are going swimmingly between Lottoland and Gibraltar, the relationship between Lottoland and various business factions in Australia are not quite as sweet. Barrell’s business model of betting on lotteries has not been embraced by lottery ticket vendors and newsagents in Australia where anti-Lottoland sentiment is a very real thing.

All that Lottoland hating, however, is not keeping Barrell up at night. He told the Olive Press that most of what his opponents were saying about his business was untrue. And for good measure he added, “If anything, all the free publicity is driving more registrations and increased brand recognition.”

After all, there’s no such thing as, “bad publicity,” especially in the online gambling business.

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iGaming Industry Icon Eyal Sanoff Dies in Israel

Posted by admin | Casino Affiliates | Monday 25 September 2017 3:16 pm

The igaming world was saddened to learn of the passing of Eyal Sanoff in Tel Aviv during the summer in a surfing accident in Tel Aviv.

Sanoff was the founder of Winner.com and had long established himself as one of the sharpest minds in the business. During his career he worked both independently and at established operators such as William Hill and Marca.com.

In both his professional and personal lives, Sanoff inspired fierce loyalty from those around him and served his country with distinction.

Sanoff was a personal friend of the Casino Affiliate Program family and our thoughts are with his family and friends as they honor his legacy.

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