Monthly Archives: January 2020

The Bluegrass State has a major decision to make when it comes to sports gambling.

On Wednesday, a pair of vastly different proposals to legalize and regulate sportsbooks were filed in the state of Kentucky, one in the Senate and one in the House.

The proposals are Senate Bill 24 and House Bill 137. Both were pre-filed in 2019 but officially hit the table this week. Kentucky made a strong effort to pass legislation last year, but neither chamber in the legislature was able to advance a proposed law. Hopes are slightly higher this time around, thanks to this being a budget year and the assumption that the additional tax revenue might be more appealing to policymakers.

Kentucky is eyeing $20 mm to $48 mm for its coffers under legal sports wagering.

Kentucky sports betting is still very much a jump ball, not just because of its chances of coming to fruition, but also because there is no consensus on whether the state should or should not allow betting on collegiate sports involving Kentucky teams. Kentucky, home to no major professional sports franchises, is one of the nations hotbeds for college basketball. A ban on wagering on the University of Kentucky and Louisville, for example, would send some bettors across the border into Indiana, where the bets are legal.

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SB 24 would allow betting on college sports, including the in-state teams, while HB 137 in its current form would allow collegiate sports betting but not on games or contests involving Kentucky schools.

SB 24 would create a Kentucky Gaming Commission to regulate sports betting, while HB 137 would put it under the regulation of the Kentucky Horse Racing Commission, sans the creation of a new gaming regulatory body. Kentucky already has online gambling in the form of horse betting.

The Senate version would establish a 25% tax on net sports wagering receipts. The House bill would have a 9.75% tax rate on adjusted gross revenue for retail wagering, while online/mobile would have a 14.25% rate.

Under HB 137, online/mobile sports betting accounts would need to be set up in person at a racetrack or other approved facility. SB 24 doesnt have provisions for online/mobile wagering. Additionally, the House version calls for online poker regulation as well, while the Senate version doesnt include online poker. Real-money online poker platforms would be regulated by the Kentucky Lottery Corporation.

Kentucky has a lot to decide on this legislative session, as the bills lay out plenty of different routes the state could potentially take to expand its gambling industry as other states in the region beef up theirs.

The bills shouldnt be thought of as in competition against one another. They signify that the legislature will have a thorough debate on all of its options when it comes to gambling expansion.

It is possible that the House and Senate pass different versions of proposed sports betting laws and the discrepancies could then be resolved in what is called a conference committee.

One notable item the bills do agree on is that the legal age for sports betting in Kentucky would be 18, the same age for gambling via the lottery. Its safe to assume that if the state legalizes sports wagering, Kentucky would draw gamblers under the age of 21 from the likes of Indiana and Tennessee.

In addition to HB 137 and SB 24, theres a casino bill on the table. That measure, House Bill 7, calls for the long-sought-after Las Vegas-style casinos in the state. Even though newly elected Democratic Gov. Andy Beshear campaigned on full-fledged casino gambling, in addition to both online/mobile sports betting and online poker sites, the casino bill is considered dead on arrival in the legislature.

Whether sports betting and/or online poker can pick up steam remains an open question. The legislature is in session until mid-April, so well know in short order if this year is different than 2019.

Photo credit: Shutterstock

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Kentucky Sports Betting Bills Filed, At Odds Over Betting On In-State College Teams - US Bets

Online Gambling & Betting Market OVERVIEW

The Online Gambling & Betting Market report provides a comprehensive assessment of the market. The forecast period for this market report ranges from 2017 to 2025. The report contains both quantitative and qualitative estimation of market elements. The Online Gambling & Betting Market is mainly segregated into sub-segments which can provide a classified data regarding latest trends in the market and comprises of segments, market outlook, competitive landscape and company profiles. The segments include various sectors of the market that allow for a well-rounded assessment of the market.

The market outlook section comprises an analysis of the market dynamics that are playing a substantial role in the market. The factors involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints cover the internal factors of the market whereas opportunities and challenges are the external factors that are affecting the market. The Online Gambling & Betting Market study provides an outlook on the market development in terms of revenue throughout the forecast period.

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Online Gambling & Betting Market : SCOPE OF THE REPORT

This report offers an all-encompassing exploration for the Online Gambling & Betting Market . The market estimates that are provided in the report are the result of an exhaustive research methodology involving various avenues of research such as secondary research, primary interviews, and subject matter expert advice. The market estimates have been determined by examining the impact of the current market dynamics as along with various economic, social and political factors that are affecting the Online Gambling & Betting Market growth both in a positive as well as negative light.

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Online Gambling & Betting Market : COMPETITIVE LANDSCAPE & COMPANY PROFILES

The competitive landscape and company profile chapters of the market report are dedicated to the major players in the Online Gambling & Betting Market . The analysis of these companies provide an insight to the financial statements, key developments, product benchmarking and SWOT analysis (top three companies) of these players. In addition, the companies that are provided in this section can be customized according to the clients requirements.

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Online Gambling & Betting Market : RESEARCH METHODOLOGY

The research methodology that is used for this market study involves the consolidation of various research considerations such as subject matter expert advice, primary and secondary research. Subject matter expertise involves the validation of the key research findings that were attained from primary and secondary research. The subject matter experts that are consulted have extensive experience in the market research industry and the specific requirements of the clients are reviewed by the experts to check for completion of the market study.

Primary research involves various channels such as numerous industry experts, questionnaires, telephonic interviews and in some cases face-to-face interactions. Primary interviews are usually carried out on a continuous basis with industry experts in order to acquire a topical understanding of the market as well as to be able to substantiate the existing analysis of the data. Secondary research used for the Online Gambling & Betting Market report includes sources such as company annual reports, press releases and research papers that are related to the industry. Other sources can include government websites, industry magazines and associations for gathering more meticulous data. These avenues of research help to authenticate as well as reinforce research findings.

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Online Gambling & Betting Market : Growing Popularity and Emerging Trends in the Market - ReportsPioneer

Its an important priority for us, and a huge bet for us, Verizon Media Chief Executive Officer Guru Gowrappan told Bloomberg Television at the CES electronics show in Las Vegas.

United States | 01/10/2020

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erizon Communications Inc. launched Yahoo Sports betting venture in New Jersey in November, and now plans to expand its online gambling partnership with MGM Resorts International to at least five more states this year.

The telecommunications giants plan is to expand as the states policies and platforms get sorted out, Verizon Media Chief Executive Officer Guru Gowrappan told Bloomberg Television at the CES electronics show in Las Vegas.

The online betting field is currently dominated by companies such as DraftKings Inc. and FanDuel Inc., but with 16 million active users on Yahoo Sports and a BetMGM sportsbook in New Jersey, Gowrappan said theres a foundation for a larger betting network. Its an important priority for us, and a huge bet for us, he said.

In November, the companies announced plans to let U.S. customers make wagers on the Yahoo Sports app using BetMGM, an online-gambling platform. The companies were also working on live events and other experiences for fans.

Verizon, the largest U.S. wireless carrier, has relatively few side businesses and has been focused almost completely on the rollout of 5G service. Gowrappan spent last year restructuring the media business, previously called Oath. He calls this year a building period.

In August, Verizon sold blogging platform Tumblr as part of a broader strategy of moving away from areas like user-generated content and social media. Gowrappan said additional asset sales are unlikely, but there could be M&A opportunities in both content and advertising.

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Verizon to expand sports betting venture with MGM to at least five more US states in 2020 - Yogonet International

In August 2019 an ambitious project was undertaken where six young talents ofIndia were to train under the 14th World Champion Vladimir Kramnik.Kramnik, who retired from chess in January 2019, had been quite busy with his post-retirement projects both in chess and beyond. However,seeing the talent crop of India and thepotential these youngsters possessed, he decided tofree up ten days in his schedule for the training camp.It was Frederic Friedel, the founder of ChessBase, who had conceived this idea just a few days after Kramnik retired from professional chess.

There was no question of talent in Indian chess. Kramnik was ready. What was now required was a sponsor, who would fund this entire project. After several months of searching, it was Microsense Networks Private Limited that came forward. Mr. Kailasanathan, the Managing Director of Microsense Private Limited and a former Tamil Nadu Chess State Champion in 1972,found this project in sync with the mission of Microsense. The company wants to create world class chess players in the years to come and training with Kramnik was sure to help them in their vision.

Participants of the August camp: Vladimir Kramnik withGM R. Praggnanandhaa, GM D. Gukesh, GMP. Iniyan, GM Prithu Gupta, IM Raunak Sadhwani (who was not a GM back then), IM Leon Mendonca and ChessBase India founders Sagar and Amruta | Photo: Amruta Mokal

Ten days of training with Kramnik proved to be immensely useful | Photo: Amruta Mokal

But the camp was not the end of it all. After its completion Vladimir was in touch withthe games of the students. He would regularly communicate with me about howa youngster had got it all wrong in the opening, oranother youngster had to simply get his act together in endgame technique. It was Kramnik'shigh level ofinvolvement in the projectand subsequent results of the students that convinced Kailasanathan and Microsense of the need to continue these camps.

Praggnanandhaa went on to become the World Youth Champion in the under-18 section and also won the London Chess Classic FIDE Open. Raunak Sadhwani scored his final GM norm with a tremendous performance at theGrand Swiss 2019 in Isle of Man and became India's 65th GM.

After becoming a GM, and speaking to ChessBase India Raunak mentioned:

I can say that Kramnik sir's camp was a life changing thing for me. In a few days he taught so many practical things:

All these were encouraging signs and Microsense decided to take things up anotch. The second camp was planned in January, but this time instead of eight Indians travelling toEurope, it was decided that Kramnik should come down to India. The last time Vladimir Kramnik was in the country was back inthe 90s when heplayed a match in Sanghi Nagar against Boris Gelfand. Vladimir agreed to the proposal. As the camp had beenvery useful to the youngsters, it was decided that the number of studentsshould be increased from 6 to 14. The logisticalarrangements wouldbe much less and it made sense to have more talents working with thelegend. Butof course, it would be too much for Kramnik to work with 14youngsters alone. Anotherworld-class player was required and the naturalchoice was India's five-time World Champion Vishy Anand.

Vishy Anand withKailasanathan (right), CEO of MicrosensePrivate Limited

At a felicitation ceremony held in Chennai in October 2019, Anand showed his keenness in joining the programas a trainer in the monthsto come. But in January,it wasn't really feasible for Vishy as he was participating in theTata Steel Chess tournament 2020 in Wijk AanZee.It is quite probable that Vishy would join in for the next camp. The search for a world-class player / trainer continued.

Boris Gelfand needs no introduction. He has been one of the greatest chess players ever tohave graced the game of chess. He fought against Vishy Anand in the World Championships 2012 and after the Classicalgames the score was tied at 6-6! Anand eventually won the rapidtiebreakers, but it was clear that Boris had been a worthy opponent for the four-time World Champion back then. Over the years, Gelfand has continued to fight at the highest leveland it is this very experience ofhis that made him a worthy partnerfor Vladimir Kramnik in the training camp.

Kramnik and Gelfand:Rivals on the chess board, and friends off it!| Photo: Amruta Mokal

Master Class Vol.11: Vladimir Kramnik

This DVD allows you to learn from the example of one of the best players in the history of chess and from the explanations of the authors (Pelletier, Marin, Mller and Reeh) how to successfully organise your games strategically, consequently how to keep y

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The trainers weredecided,it was now time to select the students. The list of the top players in the country between the age of 12-16 was created. Some players above the age of 16 were also considered. However, the main aim was to have the best and youngest players of India attend the camp. This list of probable candidates was submitted to Kramnik and Gelfand, who went over the names with great care and selected the 8 players in addition to the six who already were in the first camp.

2602 at the age of 14! Pragg is one of the finest young talents, not just in India but also all over the world.

Praggnanandhaa | Photo:Lennart Ootes

Arjun Erigaisi has raced to an Elo of 2575. The 16-year-oldhas been extremely consistent andwe have seen his Elo climb upwards for quite some timenow. He was part of the first camp as well, but a last minute injury meant that he had to miss it. It's wonderful to have Arjun in the second training camp.

Arjun Erigaisi | Photo:Lennart Ootes

The second youngest GM in thehistory of chess and a tremendous talent.

D. Gukesh | Photo:Lennart Ootes

India'slatest GM.His performance at the FIDE Grand Swiss 2019 where he was unbeaten for seven rounds against some of the best players in the world including Sergey Karjakin drew attention from all corners of the world.

Raunak Sadhwani | Photo: Amruta Mokal

GM P. Iniyan hails from Erode, a place with absolutely no chess culture. For a GM to emerge from such a town, at such a tender age, shows Iniyan's talent.

P. Iniyan | Photo:Lennart Ootes

Arjun Kalyan has already scored3 GM norms and is on the brink of becoming India's next GM.

Arjun Kalyan | Photo: Sagar Shah

India's 64th GM isclearly the one who plays the least number of tournaments amongall of these youngsters. The fact that he could become a GM by playingsuch few events, shows what a consistent player he is.

Sreeshwan Maralakshikari is a talentto watch out for. Just 13 years old, he is already an IM. Financial difficulties and lack of structured training have proved to be impediments in this youngster's progress, but with this camp, he should be able to make headway towards his GM title pretty soon.

Sreeshwan Maralakshikari | Photo: Amruta Mokal

A gutsy youngster who has never let anyoff the boardobstacles come in between his journey towardschess excellence. Aditya had an accident before the event and hence will be joining in the camp remotely.

Aditya Mittal | Photo: Niklesh Jain

Gaining in strength every day, thisyoungster from Goa is sure to become a GM soon. Check outLeon's symphonyon the board which he created at the World Juniors 2019.

Leon Mendonca| Photo: Amruta Mokal

He became an IMjust at the age of 11 years and 8 months. BharatSubramaniyamknows no fear andin the next few months will be looking forward to breaking Karjakin's youngest GM world record.

BharatSubramaniyam | Photo:Lennart Ootes

When it comes to women's chess in India, R. Vaishali is one of the best. She already is a WGM, has two IM norms, but more importantly she has alsoscored a GM norm recently.

R. Vaishali | Photo:Lennart Ootes

You only need to seeRaahil Mullick's couple of wins at the Abu Dhabi Masters 2019 against 2600 rated opponentsto know how talented he is!

Learn from the Classics

Sagar Shah shows you on this DVD how you can use typical patterns used by the Master of the past in your own games. From opening play to middlegame themes.

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Raahil Mullick shows Sagar two sparkling wins

Rakshitta Ravi is just 14, is already a WIM and has twoWGM norms.

Rakshitta Ravi | Photo:Lennart Ootes

Note:WIM Divya Deshmukh was invited to the camp. However, due to other commitments, shewill not be able tobe a part of the camp. She was replaced byR. Vaishali in the camp.

When is it held:The first session will begin onJanuary8thand the last day of the camp will beJanuary17th, 2020.

How many hours each day:Each day the training camp will have six hours of training divided into twothree-hour sessions

Whereis it held:The camp is held in a villa on the East Coast Road in Chennai and no parents are allowed to be a part of the camp. It's a residential training program.

How will the students be taught:There will be two groups created and trainingthat will happen in two separate rooms. Each group willget time with both Kramnik and Gelfand for training.

Innovations:There are several innovations that will be seen at the training camp:Firstly a Michelin Starred chef will be preparing food for the youngsters throughout the event. Secondly a yoga expert will train the youngsters.

ChessBase India founders Sagar Shah and Amruta Mokal will bepresent at the venue as the managers of this entire camp and also to bring you further updates.Initiator of the training camps, Frederic Friedel fromChessBase International, will also be visiting.

"Our vision and mission are to build India as a powerful chess-playing nation"The man with thevision the MD of MicrosenseNetworks Private Limited S. Kailasanathan

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Kramnik and Gelfand train top juniors - Chessbase News