Daily Archives: October 26, 2019

PGA Tour commissioner Jay Monahan, in an exclusive interview with AFP at the Zozo Championship in Japan, said that there will be on-site gambling options for fans in 2020.

Youll start to see product in the market place next year, Monahan told AFP. Its all about engagement. When done right, it gives fans the opportunity to engage with your sport over a longer period of time and have more interest in whats happening across the entire player field.

Noting that sports wagering is legal in many international markets, Monahan says the Tour has put the right systems in place, both in terms of an integrity and monitoring activity.

Specifics werent revealed but Monahan said the Tour will be working with IMG Arena on building out a gambling platform.

Its estimated that by years end, legalization is possible in a dozen states in the Northeast and Midwest but that many states in the South and far West dont seem to be in a big hurry.

Before the May 2018 Supreme Court ruling that allowed sports books across the country, full-service ones were running legally only in Nevada. In 2019, they opened in seven more states. As of this summer, sports books have been legalized but havent yet begun operating in another five, plus the District of Columbia.

Bills are awaiting signatures from the governors in Illinois, Maine and New Hampshire. Colorado voters will decide the matter for that state in November.

USA TODAY contributed to this report.

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Report: PGA Tour will have on-site gambling in 2020 - Golfweek

Imagine if, after watching the thrilling victory of the Chicago Cubs in Game 7 of the 2016 World Series over the Cleveland Indiansa game in which the Cubs won their first championship in over a centuryyou learned that the Indians had collaborated with gamblers to intentionally throw the series.

Would you trust the game, its umpires, and its players, ever again?

That was the scope of the crisis that enveloped baseball a century ago, when key members of the 1919 Chicago White Sox, including pitchers Eddie Cicotte and Claude Lefty Williams, conspired to throw the series to their opponents, the Cincinnati Reds.

What became known as the Black Sox Scandal rocked professional baseball. But it wasnt an aberration in a sport that was otherwise clean.

Baseball became Americas national pastime because ofand not in spite ofgambling.

In his book Baseball in the Garden of Eden, historian John Thorn explains how gambling was far from an impediment to the games flowering; instead, it was the vital fertilizer.

In baseballs infancy, the sport was thought of as a boys game. But over the course of the 19th century, gambling deepened adult interest and investment in the sport, attracting cohorts of older fans.

Gamblings popularity was helped along by the spread of statistics, that particular lifeblood of baseball that still keeps fans hooked today. Developed initially to allow the results of a game to be printed onto the page in the form of box scores, statistics also created a pool of data that gamblers could use to inform their betsmany of which were made from the stands, in the middle of games.

In his history of Fenway Park, Glenn Stout describes how, in the ballparks early years, the best seats were quickly taken over by a rabid contingent of gamblers who bet on absolute everything imaginable, ranging from the eventual winnerto ball and strike calls and even such arcane issues as whether the wind would change direction. Fans waving dollar bills and barking out bets resembled brokers on the floor of the stock exchange.

This kind of gambling was so common in the stands that Ernest Lawrence Thayers iconic 1888 poem, Casey at the Bat,captured such a moment in one of its stanzas:

A straggling few got up to go in deep despair.

The rest clung to that hope which springs eternal in the human breast;

They thought, If only Casey could but get a whack at that

Wed put up even money now with Casey at the bat.

Some players also sought to get in on the action.

In 1919, the highest-paid player was Detroit Tigers outfielder Ty Cobb, who earned $20,000which equates to roughly $300,000 today, or less than Major League Baseballs current minimum salary.

Most of Cobbs peers earned far less than the future Hall of Famer. Working with gamblers was an attractive way to supplement their incomesand many of them did.

One of the most notorious was first baseman Hal Chase. Dubbed the Black Prince of Baseball by baseball historians Donald Dewey and Nicholas Acocella, Chase made a veritable career out of throwing games. Playing mostly with the New York Highlanders, Chase, as Charles Fountain noted, threw games for money, he threw games for spite, he threw games as a favor for friends, he threw games apparently for no reason at all other than to stay in practice.

But this wasnt the kind of gambling that brought baseball to the brink of disaster in 1919. That scandal saw the players themselvesworking in tandem with professional gamblers and gangstersfix the World Series.

The 1919 World Series was the best-attended Series at that point in the games history, but the play of the White Sox turned the games into elaborate theatrical performances.

Those in on it had to play to lose, and the statistics are telling.

Shortstop Swede Risberg hit .080not a typowhile committing four fielding errors. Outfielder Happy Felsch didnt do much better, hitting .192, with just five hits in 26 at-bats. He also committed two errors. Pitcher Claude Lefty Williams surrendered 12 runs in 16.1 innings of work.

While the players tried to pull off authentic performances for fans, they werent always successful. Felsch was chided by his fellow cheaters for his blunders in center, which they deemed too obvious.

Fundamentally, however, the games lacked the core drama and appeal of sports: the uncertainty of the outcome.

Sportswriters took notice. Rumors were already flying in the press box before the World Series conclusion that something was wrong. Sports journalist Hugh Fullerton had heard these rumors when he arrived to cover the series, though he tried to convince himselfand his readersthat the story couldnt be true. Still, once the series ended, Fullerton wrote worriedly in the Chicago Herald and Examiner that Yesterdays, in all probability, is the last game that will be played in any World Series.

Fullerton kept pursuing the story and became the first sportswriter to break the details to the public in December 1919, with an article in the New York World entitled, Is Big League Baseball Being Run for Gamblers, with Players In on the Deal?

As more details emerged, the scandal overwhelmed the sport and threatened to destroy it. If the World Series itself, baseballs premiere event, could not be trusted, how would the sport survive?

The new baseball commissioner, Kenesaw Mountain Landis, acted decisively and independently of the courts. Even after the players were acquitted in a trial that ended on Aug. 2, 1921, Landisa former federal judgehad already made his decision.

Regardless of the verdict of juries, he announced, on the morning of Aug. 3, 1921, no player that throws a ball game; no player that undertakes or promises to throw a ball game; no player that sits in a conferencewhere the ways and means of throwing games are discussed and does not promptly tell his club about it, will ever play professional baseball.

The stunned White Sox playersincluding stars like Shoeless Joe Jackson, who had hit .375 in the series but was nonetheless aware of what his teammates were up towere banned from baseball for life.

Seventy years later, commissioner Bart Giamatti acted in a similarly swift and punitive manner when he banned all-time hits leader Pete Rose from baseball in 1989.

Bart Giamatti calls the banishment of Pete Rose the sad end to a sorry episode in a 1989 news conference.

Rose had admitted to gambling on his own games, even as a manager. Some thought Giamatti overreacted, given that Rose never bet against his own team.

That argument, as historian Bruce Kuklick wrote in a 1999 essay, doesnt hold up. Rose, he points out, didnt bet on every game. Its not inconceivable, then, that he would make decisions during games in which he didnt place betssay, not bringing in his best relief pitcher to make sure that reliever would be available for the games he did bet on.

Giamatti surely had 1919 on his mind when he meted out Roses punishment. With the game having barely escaped death once, Giamatti knew that organized baseball couldnt risk skating too close to that edge again.

And yet in August of this year, Major League Baseball made FanDuela daily fantasy sports gambling serviceits official gambling partner.

It may be that baseball hopes that gambling will bring more adults back to the sport, just as it did in its early days. After all, attendance at games is down. Football, meanwhile, has become the most watched sport on television in the US. Six million viewers even tuned in for the 2019 NFL Draft.

Gambling may fuel more interest in the sport. But throwing on more fuel can result in a fire that burns out of control. In 1919, baseball came close to burning its own house down. One hundred years later, journalist Hugh Fullerton would surely be stunned to know that big league baseball has once again made a contract with gamblers, in full view of both players and fans.

Lets hope the story doesnt end in scandal this time around.

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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Gambling built baseballand then almost destroyed it - Quartz

The podcast will be back next week, but until then, we have given you our picks in written form for the second week in a row. Dont pay attention to the overall season record, this week seems like a nice time to make some money with some opportunistic lines and over/unders.

Gamble at your own risk obviously, but the LGC is feeling a turn around here.

Cheers. Crack on!

Season record: 43-52 ATS (45.26%)

Im 0-2-1 when backing Virginia this year which means that Im due for a win with the Hoos. Gamblers fallacy, schmamblers fallacy. Louisville is improving, but their wins have come against Eastern Kentucky, Western Kentucky, a bad Boston College team, and Wake Forest without its starting quarterback. Louisvilles defense is one of the worst in the country (100th in SP+), and Im skeptical about their offense being successful against Virginias 14th ranked defense. The Cavs are better at every position and should suffocate Louisville en route to a double digit win.

Betting overs in service academy games is not a wise long term investment strategy, (Im long on Beanie Babies. Theyre going to bounce back any day now.) - but Air Forces offense is 25th in SP+, and in their last 3 Mountain West games, they have scored 56, 43, and 41. Air Forces defense, however, is ranked 83rd, and they are facing a capable quarterback in Utah States Jordan Love. With a QBR of 106 in Mountain West games, Love and the Aggie offense should be able to move the ball efficiently. I expect both teams to get in to the 30s which puts us comfortably over the number.

Tulane no-showed at Memphis as a popular dog last week, but people should have been prepared to have their money taken near Orange Mound (obligatory: TWO FINGERS ROUND, THREE FINGERS DOWN) Navys option offense is typically tough to prepare for in a week, but Fritz is well versed in the triple option, and Tulane played Army earlier this season. Tulanes starting running back could return to the lineup against Navy, and his back up should be a go after leaving the Memphis game early. The Green Wave is too well coached to play poorly in back to back weeks, and I think they win a close one.

I like the Badgers. I will continue to like the Badgers. Ohio State wins but Wisconsin can run on anybody and will shorten this game and cover the line.

Akron is the only team in the country 0-7 against the spread so why not?

Gophers are for real. This also shows some early reverse line movement.

Charlie Strongs true freshman quarterback is injured and may not play. Past him, theres a walk on left in the quarterback room. The wrong team seems to be favored here and I expect a big win for Mike Houston in his first season in FBS.

Too many points for a team that wants to keep possessions to 10 or fewer. A slow, plodding game at 11am in Manhattan means take the points, especially when its practically four scores.

What am I missing here? Tennessee will have a guy at quarterback that either cant throw or they dont trust. Since Brian Maurer went down, the Vols totals are 30 and 48 with the latter coming against Alabama. The Gamecocks are more than content with shortening the game and that horrible Tennessee offense will do nothing but drain the clock.

This one isnt hard. I dont believe in Shea Patterson and Jim Harbaugh to get it done. Point blank. Ian Book can really spin it (completed 64% of his passes for 275 yards against Georgia) and I expect him to carve up the Wolverine secondary. Brian Kelly might be 0-fer in Ann Arbor but I think he gets a W this weekend.

The Cougs have covered nine straight against the Ducks, including winning each of the past four outright. Justin Herbert and the Ducks are for real but this one always seems to be weird. Oregons No. 8-ranked SP+ defense will test Mike Leachs offense but I expect a Pac-12 dogfight in Eugene here.

This is going to feel like a 90s SEC Saturday afternoon game. Auburns only shot is to run wild on LSUs good-but not-great defense and to keep the explosive LSU offense on the bench, but Im not sure thatll happen. But, I do like the idea of Gus Malzahn playing keep away and the Tigers getting theirs when they can.

Originally posted here:

The Legal Gambling Counsel navigates the week 9 slate for the undefeated - Red Cup Rebellion

Casino developers are racing to meet a Monday deadline to submit applications to the Illinois Gaming Board to be considered for one of the states six new casino licenses authorized under Gov. J.B. Pritzkers massive gambling expansion.

Illinois 10 existing gambling meccas have chugged a long way from their riverboat origins nearly three decades ago along Illinois waterways, first docking with lawmakers blessing and gradually creeping onto land as the state has increasingly relied on gambling tax revenue.

Casino operators have stretched that riverboat definition as far as the law will bend, with most still considered barges and a few built over shallow pits of water to meet state requirements.

Eager developers are now painting rosy images of vast new entertainment complexes ones that are now allowed to break ground on land without any aquatic pretenses costing hundreds of millions of dollars in this latest gaming growth, which Pritzker is banking on to help fund his signature $45 billion capital plan for statewide construction projects.

Thats despite the fact casino admissions and revenues have steadily declined in Illinois over the last decade. And anti-gambling activists are preparing for what they say will lead to a surge in addiction.

Take a spin through our map to survey the states current gambling scene and where its expected to grow. Youll also find out which Illinois casino inspired a Wilco song, where one particularly corrupt suburban politician liked to play the slots, how the states first casino ended up in last place and which entertainer wants you to want to go to a casino envisioned for Rockford.

The new law allows for casinos in five specific municipalities Chicago, Waukegan, Rockford, Danville in eastern Illinois and Downstate Williamson County plus another casino pegged for a broader area of southern Cook County. Casino developers need approval from the local government to apply to the Gaming Board.

While officials in Danville, Rockford, and Williamson County have all advanced single-site proposals from handpicked developers, Waukegan has approved three competing bids all earmarked for the same site and will leave it up to the Gaming Board to decide. And six different bidders are duking it out with competing sites for the south suburban Cook County casino license.

Amidst all that forward movement, the fate of the Chicago casino is up in the air as Mayor Lori Lightfoot goes back to the drawing board with Springfield lawmakers to try to salvage a viable plan. A state-hired consultant deemed taxes too onerous for any developer to make a decent profit under the version the Legislature passed in June. The consultant also shot down the five South and West side city sites Lightfoot floated, arguing a downtown location would be more lucrative.

The gambling legislation signed over the summer could eventually more than double the number of places Illinoisans will be able to place a bet. Among other new gambling forays, including yet-to-be-launched legal sports betting, it also allows the states horse racetracks to become racinos with slot machines and table games, and it increases the number of allowable gaming positions for the states 10 existing casinos from 1,200 to 2,000.

The Gaming Board has up to a year to navigate through the casino applications.

See the rest here:

Illinois Casino Maps: Riches and ruin of Pritzkers gambling bill - Chicago Sun-Times

Will the end of Chinese involvement in ASEANs online gambling sector see a spiral in property prices?

A stark example of this is playing out in Cambodia, where there have been reports of the property bubble bursting in Sihanoukville a beach town now known for its casinos after Prime Minister Hun Sen announced that the country would stop issuing online gambling permits on 18 August.

In the Philippines, though, President Rodrigo Duterte has remained steadfast in his support for online gambling, and the revenue it earns for the countrys coffers, despite increasingly stern warnings from Beijing.

Gambling is illegal in China and online gambling centreswhich cater to Chinese nationals have sprouted up across ASEAN as a result most notably in Cambodia and the Philippines.

Gambling syndicates hire Chinese to operate these online gambling centres, and the influx of Chinese nationals employed in the online gambling sector in both Cambodia and the Philippines is well documented.

While this has driven up rental prices both for office space which host these centres and premises which house the workers this may soon be a thing of the past.

Cambodia

Bradley Murg, director of Global Development Studies at Seattle Pacific University, told Casino.org that his sources in Sihanoukville estimate that around 10,000 Chinese had left the city by the first week of September as a result of Hun Sens directive.

Those that depart will likely go to China first, with many making their way to the Philippines in light of Manilas decision to keep online gambling open, despite Chinese pressure to close the sector down, Murg told the industry website.

Speaking at a real estate expo earlier this month, Kim Heang, CEO of Khmer Real Estate, told Cambodian media that such departures will take a toll on the property sector in Sihanoukville, Poipet and Bavet.

The buildings in Sihanoukville that used to be rented out for US$20,000 a month, no one is renting them now, not even for US$8,000 a month, he said.

James Hodge, the director of international real estate firm CBRE Cambodia, told Cambodian media that there has been a reduction in land prices in Sihanoukville a backpackers haven which has now been transformed into the Macau of Southeast Asia thanks to Chinese investment and gamblers.

Philippines

While the Filipino government estimates that there are some 130,000 Chinese nationals working for over 50 online gambling companies in the Philippines, insiders say the number is closer to 300,000.

The influx of Chinese workers has driven up property prices, and there are stories of Filipinos moving out of their homes and renting them to Chinese online gambling operators as they stand to make nearly three times the going rate in rent.

They (Chinese online gambling companies) came in and saved the office market, Dom Fredrick Andaya, a director at real estate firm Colliers International Philippines told international media in July. We would have had double-digit vacancy rates by 2017 if they did not come.

Another firm, Leechiu Property Consultants, said in March that strong demand for property by online gambling operators has seen rent in certain areas of Manila spike by as much as 80 percent over the last three years.

Is this sustainable though?

Boo Chanco, a business columnist at the Philippine Star, certainly does not think so writing in June that a crackdown on online gambling will lead to the property market cooling down so fast our stock market may experience an ice age.

Noting that private construction of office buildings and condominiums might slump as well, Chanco stressed that the amount of business and residential floor space turning vacant would bring down rental costs in the capital, especially in popular areas such as the Bay Area, Makati, BGC and Ortigas.

Malaysia

According to international research house ECA International in March, the average rental price for an unfurnished, three-bedroom apartment in the mid-range of the expatriate market in Kuala Lumpur was RM6,632 (US$1,621) per month.

Chinese online gambling syndicates, though, are paying well above market value in Malaysia where online gambling is illegal.

While there are no substantive reports linking Chinese online gambling activities to a rise in real estate prices in Malaysia, a police raid at a 20-bedroom luxury bungalow which netted 117 Chinese nationals revealed that the syndicate rented the mansion for RM30,000 (US$7,200) a month presumably a bargain considering they were raking in RM500,000 (US$120,000) a day.

While it may be difficult to predict the effects of Chinese online gambling on property prices across the region, one thing for sure is that increased pressure by China or another sudden ban such as Hun Sens in August will inevitably lead to the sector collapsing leaving landlords and property developers who depend on them high and dry.

Related articles:

Is China using ASEAN for its gambling fix?

How China changed Sihanoukville

Singapore property prices predicted to increase by 10%

Read more:

Online gambling and property prices in ASEAN - The ASEAN Post

The US online gambling market is still in its infancy, in the process of figuring itself out. So, how many different brands will gamblers have to choose from when the industry settles into its stride?

New Jersey and Nevada have had online gambling for a few years now, giving us an idea of how things might play out elsewhere.

We can also look to the United Kingdom for what to expect. The US online gambling market is expected to be similar in size to the UK within a matter of years. Sports betting is also expected to make up a large portion of US online gambling activity, as it does across the Atlantic.

There are already 22 online casinos in New Jersey, 15 online sportsbooks and four online poker rooms. In the UK, the top 10 brands control about an 80% market share between them.

Looking at those numbers on their own, it seems reasonable to expect a lot of competition in the US market as it expands. However, New Jersey and Nevada are special cases due to their long history of brick-and-mortar gambling. The UK is also very different from the US economically, culturally and from a regulatory perspective.

When the dust begins to settle in the US, its quite likely that the market will be dominated by a relatively small number of brands. Heres why.

The recent string of corporate tie-ups is the biggest sign that competition could be limited. The market hasnt even gotten off the ground yet. Some potential competitors are acquiring or merging with one another.

The biggest and most recent of these is the acquisition of The Stars Group (TSG) by Flutter. If that goes through as planned next year, it will create the worlds largest gaming company by a good margin. TSG also acquired an elite UK brand in Sky Betting & Gaming last year.

Flutter, for its part, was created by a merger between Paddy Power and Betfair. It went on to acquire FanDuel following the fall of the federal sports betting ban in the US in 2018.

This is far from the only example. Another is the GVC acquisition of the bookmakers Ladbrokes and Coral in 2018. These two brands had already merged in 2015.

It would not be surprising to see further consolidation of brands into large conglomerates in the coming years. In fact, it would be somewhat surprising if we didnt.

Where the brands are already established, like the UK, they continue to operate semi-independently. In new markets like the US, however, theres little reason to operate multiple brands under the same vertical. Flutter will likely concentrate on PokerStars, Fox Bet and FanDuel, and GVC on Roar Digital and the Party brand.

It isnt only big deals between gambling companies that we see, either. Operators are scrambling to get smaller deals in place with both media outlets and various sports leagues and teams. Some of these agreements are exclusive.

Just looking at a few of the deals in place for TSG/Flutter, we have:

Other major gaming companies have likewise been working on various sports and media partnerships. These are going to be key to marketing in the US.

Latecomers to market will have a hard time finding such partnerships and may not be able to compete without them.

The amount of money American companies spend on advertising also acts as a barrier to entry for some operators.

Total gambling ad spent in the US this year is projected to be around $735 per capita, compared to around $485 in the UK. Thats more than a 50% difference.

A young marketmeans that companies big and small will be advertising more intensely than they would in an established one.

In 2015, as the US daily fantasy sports market gained traction, FanDuel and DraftKings spent over $200 million on advertising between them. As the US online gambling market opens up, expect a flood of advertising dollars from the likes of Flutter/TSG, GVC, Caesars and so on.

That creates a huge disincentive to smaller international brands eyeing the market, let alone anyone trying to establish a new brand. The cost just to get noticed amidst the noise will be astronomical at first and likely stay that way for several years.

Part of the reason that brands proliferate in Europe is that it consists of a large number of similarly-sized countries. Many of these end up producing their own national brands. And when those national brands reach a certain size, they sometimes spread out into adjacent markets.

Paddy Power was an Irish brand that spread to the UK before merging with Betfair. Swedish company Betsson has similarly become a force in the UK and throughout Europe. And so on.

North America is just starting to see some cross-border brand expansion from Canada to the US.

The sports app theScore, which now has a betting product, is the lone example, so far. With sports betting legal in only a fraction of US states, the size of the Canadian and American markets is similar at the moment.

Once more states legalize betting, though, the US market will be much larger than Canada. Cross-border branding will flow mostly the other way at that point. Its unlikely that the US public will ever have much interest in Mexican brands, either.

In the long-run, the key brands in the US will be either homegrown or owned by major international companies.

There could, in fact, be many brands in the US market eventually. If thats the case, though, many will not be national brands.

The nature of the US market is that its divided because online gambling is being legalized on a state-by-state basis. Each has its regulatory requirements and an individual licensing fee.

Geographic expansion in the US, therefore, comes not only with a marketing cost, but licensing and development costs as well.

The major brands like PokerStars/Fox Bet, Roar Digital, Caesars, etc. will launch wherever they can. Smaller brands, however, might choose to focus on just one or two states in order to keep those costs down.

Furthermore, some states will not allow private companies to operate at all. Some are granting their state lotteries a monopoly, which will keep those brands local. See, for example, Sportsbook Rhode Island.

Other states require online operators to have a land-based partner, such as a casino. Big companies like GVC and The Stars Group have shown a preference for selecting smaller partners, which wont interfere with their branding.

However, popular casinos such as Parx in Pennsylvania are seeking out white label partners to provide their online gaming platforms. Parx has already expanded into neighboring New Jersey because it is almost as well-known there as it is in Pennsylvania.

Its dubious whether the Parx Online brand would fare well elsewhere, however, where the casino doesnt enjoy the same name recognition.

The most likely way things will play out, then, is that there will be in the vicinity of eight major national brands, but the same few companies will own many of these:

Depending on how things go, some other international operators like 888 and Kindred Group may manage to establish a national presence in the US. Kindred is already trying with its Unibet brand in New Jersey.

Beyond that, there will likely be a large number of local brands based on state lotteries, land-based casinos and racetracks. These are unlikely to hold much market share at the national level.

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Five Reasons US Online Gambling Will Be Dominated By A Few Brands - OnlinePokerReport.com

Sports betting has gotten all the attention from state legislatures this year, but Native American tribes in Connecticut have their eyes on a bigger prize.

Rodney Butler, chairman of the Mashantucket Pequot tribe that owns Foxwoods, points out that online gambling in New Jersey brings in more revenue for casinos and more taxes for the state than sports betting does. This has remained true even during the busy football season for NJ sportsbooks.

Butler sees a synergy between mobile sports betting and online gambling. The Connecticut tribes are asking for both verticals in a proposal pushed by Sen. Cathy Osten.

For everyone thats looking at sports betting, Butler said, look closely at the New Jersey model and the true success there is the marriage between sports betting and iGaming. Collectively, they really feed off each other.

In the 27 years since tribal gaming began in Connecticut in 1992, the Mashantucket Pequot and Mohegan tribes have combined to generate more than $8 billion in contributions to the state. Even apart from direct gambling revenue, their tribal casinos create an immense economic impact in the region.

Speaking at the National Indian Gaming Association (NIGA) conference at Mohegan Sun in September, Butler recalled that Connecticut didnt enter the tribal compacts thinking gaming was going to be a great economic boon.

The governor never thought tribal casinos would work in southeast Connecticut, according to Butler, but saw it as a way to keep outside gambling companies away.

They were trying to resolve a nagging issue that they had with these poor Indians, he said. [The tribes] were going to build a casino that was never going to be successful. It had nothing to do with creating jobs and infrastructure and supporting the region. It was really to quiet us down, but also to quell the burgeoning commercial gaming industry which is ironic given the conversations were having today.

The tribes have proven to be good partners to Connecticut, paying back 25% of slot revenue in exchange for exclusivity over casino gambling. The state gave them casino gambling as an afterthought, and they turned it into much more than anyone expected including the operation of Vegas-style resorts at Foxwoods and Mohegan Sun.

Those numbers, however, are declining.

The state share from tribal gaming peaked at $430 million in 2007 and has been trending steadily downward since, reaching $255 million this year. The decline stems from several factors, including the economic recession and an increase in gambling options in neighboring states.

So the tribes say: Allow us to modernize our gaming offerings by bringing casino games and sports betting to the web and mobile devices, and well bring that revenue back up.

With all the good the revenue has done for the state and its municipalities, the natives feel they deserve some loyalty in return. And lawmakers surrounding their facilities in southeast Connecticut agree.

There needs to be an understanding that the original Connecticut-ers before Connecticut was Connecticut were the Native Americans, Osten said. I think we need to put that out there and we need to fight the people that are stopping us from moving forward these two businesses which support Connecticut and have always supported Connecticut. We need to move beyond an executive branch that is stymieing that. We need to move beyond a bad corporate business that is trying to stymie our work here.

Other lawmakers see the falling tribal gaming revenues and feel it would be a mistake to hand over exclusivity on new forms of gambling without allowing other commercial gaming interests to compete.

Allowing tribes to have exclusivity to gambling off tribal lands also opens up the state to legal challenges, as seen in MGMs lawsuit seeking to overturn federal approval of the tribes jointly operating a casino in East Windsor near Hartford. The proposed Tribal Winds casino would be located 12 miles from MGMs casino in Springfield, Mass.

Butler asserts that MGM has no offices in the state and that all of its 80 employees in Connecticut are lobbyists. The tribes, meanwhile, employ some 18,000 people.

Osten further alleges that MGM misled the people of Connecticut when proposing to build a $600 million casino resort in Bridgeport, near New York City. Never given that opportunity, MGM subsequently angered some local legislators by instead buying a racino in Yonkers, just across the border.

They have promised people the world and never delivered on any single issue in Connecticut that they have promised, Osten said. I dont like MGM, and I dont like them because they have lied to people from Day 1. Theyre just trying to take our market, our jobs, and we need to fight back on somebody that does not tell people the absolute truth about the industry.

After negotiations between new Gov. Ned Lamont and the tribes broke down this year, Osten released a draft bill that she hoped to get taken up in a special session. The proposal drew scorn from Lamont and Rep. Joe Verrengia, who co-chairs the Joint Committee on Public Safety and Security.

Trying to bypass the governor and work a deal is not a strategy that I would subscribe to, Verrengia said.

The bill would extend tribal exclusivity to sports betting and iGaming, providing 10% of revenue from those activities to the state. One concession allows the state lottery to offer limited online lottery draw games. The tribes would commit $100 million to build that casino in Bridgeport.

Verrengia, on the other hand, believes the state could do better by opening up gaming to private companies. He contends that the tribes arent fully committed to building a casino at either site, because they want people to continue to visit their existing resorts.

They really dont want a Bridgeport casino, Verrengia said. The governor wants the Bridgeport casino. The model theyre talking about, the tribes investing $100 million and the state coming up with the money to build a hotel around that, thats just outright bizarre given we had a private major casino willing to spend a half billion dollars to build a full destination casino with all private funds.

Connecticut tribes want sports betting but they really want online gambling. Verrengia hopes the latter will be the catalyst for an agreement on a comprehensive gaming resolution.

The money is not in sports betting for the tribes, Verrengia said. The money is in casino mobile. Online casino gaming is something that can be negotiated. Tribes, you get this percentage of casino play online and then the other stakeholders get a percentage of the sports betting.

Verrengia said its his goal for the parties to come to an agreement by the end of the next legislative session, which begins in February. If that doesnt happen, he could see Connecticut taking more drastic steps.

If theres no give, at some point we have to move forward with our gaming policy, Verrengia said. With all that said, Im a big supporter of the tribes. If I can do something to give them a home-field advantage, I will. But when it comes down to it, I work for the state of Connecticut.

Originally posted here:

With Connecticut Gambling Expansion On Lockdown, The Internet Might Be The Key - OnlinePokerReport.com

DOUGLAS, Isle of Man, Oct. 25, 2019 (GLOBE NEWSWIRE) -- Rivalry.com, an esports focused sportsbook licensed by the Isle of Man Gambling Supervision Commission announced today that it is tripling the number of esports titles it currently offers wagering on. Since launching in early 2018 Rivalry has focused on the following seven marquee titles:

As esports viewership continues to grow at an accelerating rate across a range of titles Rivalry is pleased to announce the following additional titles it will now be offering markets on:

As is consistent with Rivalrys current offering, all new titles will have the full range of markets from pre-match, proposition bets, handicaps, to live betting. Head of Sportsbook Evan Van Luven notes, At Rivalry we are constantly listening to our customers and the esports community at large. Since launching last year it became clear to us that our user base has a huge diversity of interests beyond our current offering and expected more from us. We are always striving to live up to those expectations and pleased to announce today that we are tripling our title offering, and will continue to rapidly add where we see demand.

Esports betting continues to be one of the fastest growing categories in online gambling. That said, with the average age of an esports fans being much younger than traditional sports audiences there is a heightened need for sportsbooks to address these demographics in an innovative way. A cornerstone of the Rivalry offering is providing increased fan engagement through a variety of unique offerings. In addition to sportsbook, Rivalry produces significant amounts of original written and video content, deep team & event information, betting education, highly engaging social media activations, a platform for watching esports streams directly while betting, and more.

Evan added, We are thrilled to be serving a community that we are also part of and deeply passionate about. Growing our esports titles is just the beginning of a massive increase in product offerings you can expect to see from us over the next couple months. We cant wait to share with everyone the many projects we have been working on.

About RivalryRivalry is an esports focused sportsbook licensed by the Isle of Man Gambling Supervision Commission. With an initial launch in early 2018, Rivalrys goal is to cater primarily to the burgeoning esports market by providing an engaging wagering experience, original content, betting education, free to play games, and much more in development to be released. For more information go to https://www.rivalry.com.

Rivalry Limitedinfo@rivalry.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6a1e6409-3f2d-48c7-9ae0-64d966f0d020

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Esports Gambling Website Rivalry Proud to Announce 300% Increase of Betting Offering - Yahoo Finance

Flat water rafting

Last week I asked: What nature-related things are there to do in Vegas?

Several great choices!

Mention Las Vegas and most people think of gambling.

But, Vegas it an excellent hub for enjoying nature.

Vegas may be located in a desert, but besides exploring the colorful rocky terrain there are lakes and rivers to explore.

Most of the natural areas are part of a national or state park.

1. Flat water rafting:

Put into the Colorado River at the foot of the massive Hoover Dam at a place where only the rafters are allowed. Head down the Colorado as it twist and turns through 12 miles of Black Canyon on a motorized-assisted raft surrounded between the majestic 2,000-foot rocky walls while on the lookout for desert wildlife as the guide shares historic vignettes.

The rafting trip offered by Black Canyon/Willow Beach River Adventures is suitable for all ages and even those with physical limitations can be accommodated.

2. Houseboating:

Be your own captain and chart your own course with all the comforts of home on fully equipped houseboat.

Experience the quiet desert mornings, the brilliant sunsets, and the star-filled sky from your rooftop hot tub. Explore the shore, venture into a canyon, go fishing or swimming.

Forever Resorts rents houseboat on Lake Mead and Lake Mohave.

3. Kayaking canoeing:

Experience the quiet of the desert and the majesty of Black Canyon on a guided kayaking trip. Explore caves, soak in natural hot springs and learn the history of the area.

Most people consider the Colorado River below Hoover Dam more scenic than any other part of the river.

4. Death Valley:

Only 120 miles from Vegas Death Valley always surprises people.

Even with its extreme temperature there are more than 1,000 plant and animal species within the National Park.

Visit Furnace Creek Ranch, the Borax Museum, take a guided tour of Scottys Castle and play golf on the worlds lowest golf course.

5. Red Rock:

Only 30 minutes from the Strip the escarpment rises three thousand feet from the Spring Mountains.

The Visitor Center provides for an overview of the geological formation. A brochure outlines the many hiking trails.

Especially unique is Ice Box Canyon where it offers relief on a hot day.

There is a driving loop for those who do not want to hike.

6. Valley of Fire:

As the name suggests the rocks in this state park are brilliant. The Visitor Center should be the first stop.

There are self-guided trails and petroglyphs left by some of the earliest settlers.

7. Spring Mountain Ranch:

The center of this state park is the ranch owned by Vera Krupp of Germanys munitions dynasty.

later, it was owned by Howard Hughes.

Besides guided tours of the ranch there are a number of activities including outdoor musical productions during the summer presented by a local theater group.

8. Mount Charleston:

Only 45 miles from the Strip Mount Charleston is visible from most places in Vegas.

Many visitors are surprised that it is usually snow covered in the winter and has a ski center.

During the summer it is a cool respite from Vegas.

The drive goes through several micro climatic zones so the vegetation changes with the altitude.

9. Bonnie Springs and Old Nevada:

Located in the Red Rock area, Old Nevada is a recreated Old West town with staged gun fights, stagecoach rides and other activities.

There is a petting zoo nearby.

10. Off-roading:

Several companies offer desert tours for thrill seekers. Choose your vehicle dune buggy, 4 x 4, Hummer or a pink jeep.

Explore canyons and visit ghost towns.

Travel Trivia Tease: What European capital is known as the City of Spas?

Look for the answer next week.

Sandra and her husband, John, have been exploring the world for decades, always on the lookout for something new and unique to experience. We have sailed down the Nile for a week on a felucca, stayed with the Pesch Indians in La Mosquitia, visited schools in a variety of countries, and to add balance to our life stayed at some of the most luxurious hotels in the world. Let the fun continue!

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Sandra Scott Travels: There's Much More To Do In Vegas Than Gambling - Oswego Daily News

Tether, the notoriously famous crypto coin, is, unfortunately, paving its way into the depths of the digital currency niche by evolving as a strong medium for the trading of goods and services. The virtual currency has been at the center of focus for all the bad reasons in recent times. Many researchers accused Tether of being employed as a tool for manipulation of prices of many reputed digital coins.

Despite all these allegations, the position of Tether in the crypto domain appears to be quite strong in comparison to many other digital coins. The coin accounts for nearly 30% of trading volume at one of the largest crypto payment processors, CoinPayments.net. At B2BinPay, the controversial coin, Tether, has shown a surge of about 20% in the transaction volume involving both customers and merchants.

The primary reason for the success of Tether can be attributed to the fact that it is a stablecoin. The primary aim of stablecoins is that they help in avoiding price variations while keeping intact a one-to-one ratio with the native dollar by maintaining a reserve for it. Cryptwerk, which works as a store directory, has listed 265 firms that accept Tether as a mode of payment for transactions.

Sean Mackay, operations chief at CoinPayments.net stated that

Merchants used to accept Bitcoin, Ethereum, Ripple and convert it into Tether in order to hedge against the volatility. Now we are seeing the payments just being done directly in Tether.

As per the recent stats, the success of Tether is being held responsible for the plummeting figures of leading crypto coins, Bitcoin and Ether. At CoinPayments.net, Bitcoin has seen a drastic fall of nearly 60% in the payment settlement volume. Interestingly, Tether stands a place ahead of Ether in the ranking, which grabs the third spot on the platform.

The popularity of Tether can also be attributed to its widescale acceptance in the marketspace. The merchants who face issues in credit-card processing services or have to pay heavy processing charges often resolve to Tether as a medium of exchange. According to Michael Chrzan, the co-owner of Green Earth Robotics Inc. has revealed that Bitcoin, Ether, and Tether are the most widely used crypto payment coins on the platform.

Tether, its started catching up. Since their community is growing, we believe it will expand in time. When the community is growing, they start using the coin,

said Chrzan.

CoinMarketCap.com has revealed that the market capitalization of Tether has risen to $4.12 billion from $2 billion in a years span.

Recently, Tethers parent companies were being sued by the Ney York Attorney General for concealing the loss of more than $850 million in corporate funds. Though, Tether has refuted the allegations. Also, it was clarified through a court filing this year that only 74% and not 100%, as it was earlier claimed by the firm, of the Tether assets are secured by cash and short-term securities.

John Griffin, a renowned finance professor at the University of Texas, blamed Tether-backed manipulation for Bitcoins fall in 2017.

Despite all this, Tether has managed to maintain its position in the niche. Sean Mackay concluded, saying that The fact that they have so many users just goes to show even if theres nothing backing it, people are still using it.

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Crypto Coin Tether Becomes Hot-shot Payment Method at Gambling Sites, Pot Shops - CryptoNewsZ