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NBA to lobby Congress to legalise sports betting in US

NBA

NBA to lobby Congress to legalise sports betting in US17 November 2017

The National Basketball Association (NBA) has revealed plans to lobby US Congress to legalise and regulate sports betting across the country.

The move represents a significant turnaround for the NBA, which last year said that although it would support federal regulation of sports wagering, it would not directly advocate it.

At present, Nevada is the only state able to offer full sports wagering services to punters, although illegal sports betting is rife across the US.

Dan Spillane, vice-president and assistant general counsel at the NBA, outlined the league’s plans at the Sports Betting USA conference in New York this week, saying it will lobby Congress for “federal framework”.

According to Legal Sports Report, Spillane also said that the NBA has advisors in Washington D.C. as well as legislation it is pulling together with its commissioner Adam Silver, who is said to have “jump-started” the conversation.

Speaking in July of this year, Silver said he believed that sports betting would be legal across the country within “the next few years”, saying such activities result in “enormous additional engagement with the fans”.

The NBA’s change in position will come as a major boost to New Jersey, which is in the middle of a case that could lead to other states introducing regulated and legalised sports betting.

New Jersey is hoping to overturn the federal 1992 Professional and Amateur Sports Protection Act (PASPA), which makes it unlawful for governmental entities to sponsor, operate, advertise, promote, licence or authorise betting, gambling or wagering schemes that are based on games played by amateur or professional athletes.

The state has said it is against the U.S. Constitution for the federal government to usurp state rights and provide Nevada with the ability to offer sports betting, but deny other states the same opportunity.

The US Supreme Court is due to hear New Jersey’s argument early next month.

Don Garber, commissioner of North America’s Major League Soccer (MLS), also recently voiced his support for widespread legalisation of sports wagering in the US, saying betting is “part of the DNA of football”.

According to Yahoo, Garber said: “I am a big proponent that it’s going to happen, we might as well be in front of it.

“I think there are great values to our tax revenues to be able to do that, I don’t think we can stop it, so maybe we’d even lead the charge.

“Gambling on games, betting on games, is part of the DNA of football around the world.”

November 20, 2017: posted in News And Reviews No Comments

New gambling law hands Pennsylvania its first $1M

New gambling law hands Pennsylvania its first $1M

Pennsylvania has earned its first $1 million after Pennsylvania Gov. Tom Wolf signed a legislation authorizing a major expansion of gambling.

The first million that went into the state coffers came from Valley Forge Casino, according to The Associated Press.

Valley Forge reportedly paid $1 million in fee in order to ease the gambling restrictions imposed on people who aren’t taking part in other amenities there.

Before the new gambling law was enacted, the casino floor of Valley Forge was limited only to guests, membership holders and patrons. The limits were set by the facility’s “resort” category license.

This limitation, however, was taken away from the state’s two licensed resort casinos when Wolf signed the gambling expansion law.

In its website, Valley Forge has invited people from all walks of life to visit their establishment since it is now open to the public at no cost.

Republican and Democratic legislators had set aside their political differences to approve a bill to extend casino-style gambling to truck stops, online portals and airports, and to allow 10 new mini-casinos to open in the state.

Gov. Wolf has expressed support to the legislation especially when it means plugging the budget hole. On Monday, the Pennsylvania governor approved his state to become the fourth in the land to permit legal online gambling.

Many analysts are seeing the developments in Pennsylvania as a sign that the U.S. is slowly loosening its betting laws – except outgoing Paddy Power-Betfair Chief Executive Breon Corcoran.

The Irish Examiner reported that Corcoran has doubted whether the U.S. market will liberalize gambling in the country in the wake of recent signing of Pennsylvania gambling law.

He doused off speculations that the British bookmaker will double its bet in the U.S., following the acquisition of early-stage daily fantasy sports operator DRAFT and through its TVG online horse racing outlet.

For now, Paddy Power Chief Financial Officer Alex Gersh said that they are closely watching the developments in the US and is ready to jump into the market if proven wrong.

November 8, 2017: posted in News And Reviews No Comments

Why business in downtown Las Vegas is booming with tourists from Asia visiting in record numbers

Why business in downtown Las Vegas is booming with tourists from Asia visiting in record numbers

 

The Downtown Las Vegas Alliance, founded in 2008, is a non-profit organization which aims to develop the downtown Las Vegas area, championing the future by focusing on urban development and tourism.

Just recently, there has been a noticeable increase in visitorship from tourists in Asia to the downtown area, and a large reason for it has to do with the Downtown Las Vegas Alliance’s focus on transforming downtown Las Vegas into an attractive, vibrant and diverse destination with an authentic Las Vegas experience.

There has been a conscious effort to really bring out the beauty of downtown Las Vegas, with the location now being perfectly safe and enjoyable for the public. Tourists searching for a unique Las Vegas experience, particularly tourists from Asia, have themselves a viable option.

With the explosion of Las Vegas tourism in recent years, the city’s residents have focused on showcasing what makes the downtown such a special place to visit.

Asian tourists looking for an authentic Las Vegas experience flock from the other side of the globe to visit the downtown area for its diverse offerings, safe and clean streets, and beautiful and engaging public spaces.

While Macau continues to be the gaming capital of Asia, more and more Asian tourists are arriving in droves to the mecca of gaming, to experience firsthand the allure of Las Vegas culture.

The popular Container Park, a massive dining and shopping sprawl in the heart of Las Vegas, is one prime example of the constant development of the downtown. The venue provides incredible food and beverage haunts as well as live entertainment for residents and visitors alike.

This is in addition to the lively Fremont Street experience, which encases the gaming district of downtown Las Vegas with vibrant casinos and resorts. The boom has also seen amazing local businesses flourish such as Eat Downtown Las Vegas, Carson’s Kitchen, Gold Spike and Donut Bar Las Vegas, among others.

While most flights from Asia pass through Los Angeles, sin city is a mere hours away from the city of angels. In addition, there has been an increase of direct flights to Las Vegas, due to the influx of visitors travelling from the Asian region, particularly visitors from China, who are not only coming to Las Vegas to see the sights, but also to invest in real estate and business.

Aside from non-stop flights to Las Vegas, there are also a few Asian-themed casinos in the pipeline to add to Sin City’s amazing skyline such as the popular Lucky Dragon, as well as Asian-themed hotels like the in-development Resorts World Las Vegas which is a familiar luxury hospitality and gaming brand in Asia, something that Asian tourists will be able to easily recognize as soon as they arrive.

Another major factor in the increase of business coming from Asia is a little-known government program called EB-5, which grants foreign investors with green cards. Chinese investors, particularly those with Chinese-American relatives already in the mainland United States are beginning to migrate to quiet neighborhoods of the downtown Las Vegas area. The Chinese population is really putting a lot of time and resources into the development of downtown Las Vegas.

The Downtown Las Vegas Alliance continues to do incredible work in building awareness that downtown is an authentic Las Vegas experience, and now the organization is looking to keep this momentum going to keep up with the massive demand. For tourists from the Asian region, this is highly-impactful as a worthwhile visit to the blossoming downtown area offers a unique experience.

November 5, 2017: posted in News And Reviews No Comments

Ohio State hoping to avoid letdown as double-digit favorite at Iowa

 

Ohio State Hoping to Avoid Letdown as Double-Digit Favorite at Iowa

The Ohio State Buckeyes (7-1) have moved up to No. 3 in the national polls thanks to a dramatic comeback win over the Penn State Nittany Lions last week, but they cannot afford to look past the Iowa Hawkeyes (5-3) this Saturday.

The Buckeyes are listed as 17-point road favorites on the betting lines after opening at -16.5 and briefly dropping down to -16.

The Hawkeyes have lost 12 of the past 13 meetings but have gone 6-2 against the spread in their last eight games against Big Ten opponents. The schools have not met since 2013 though, and the previous three matchups have all been decided by 10 points or less. Sportsbooks will likely need Iowa to come through as a home dog in this spot.

The seventh-ranked Nittany Lions (7-1) will have a more challenging opponent off their 39-38 loss at Ohio State, visiting the 24th-ranked Michigan State Spartans (6-2) as 8-point road chalk. Penn State opened at -7.5 and has dropped three of the past four meetings with Michigan State both straight up and ATS.

Again, the books will probably be counting on the Spartans to cover the spread this weekend, something they did not do last week in a 39-31 triple-overtime road loss to the Northwestern Wildcats as 1.5-point road favorites.

The top two SEC teams – and top two teams in the country – are also monster home favorites this week.

The top-ranked Alabama Crimson Tide (8-0) return from a bye week to host the LSU Tigers (6-2) as 21-point chalk, down slightly from the opener of -21.5. The Tigers are 0-3-1 ATS in the past four meetings and have lost six straight in the series.

The second-ranked Georgia Bulldogs (8-0) are coming off a 42-7 rout of the Florida Gators and remain on a collision course to meet Alabama in the SEC Championship Game. This week, the Bulldogs are set as 24.5-point favorites versus the South Carolina Gamecocks (6-2), also down from the opener of -25.

Georgia is riding a seven-game SEC winning streak (6-1 ATS) and has won three of four both SU and ATS in the series.

November 1, 2017: posted in News And Reviews No Comments
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