Sunday, November 29, 2015

American Bookies: Bookie Beat Down With Patriots, Texans and Giants

American Bookies is your one stop source for all news related to the bookie sector courtesy of your friends from Gambling911.com. 

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Mark Cuban Goes All In On eSports

Billionaire Dallas Mavericks owner Mark Cuban is one of esports’ most enthusiastic supporters and this weekend he went ahead and proved his devotion to the sport.

Cuban not only participated in a League of Legends tournament, he took a few shots at esports critics and, as always, found a way to inject himself directly into the story.

eSports, and eSports betting, are quietly building steam in a market where plenty of operators simply don’t take video games seriously. What those critics are missing is the fact that eSports is already a major business and that eSports betting is its natural offspring.

League of Legends is a worldwide phenomenon that’s captivated the same demographic group (young males) that the internet gambling business has long coveted. Last year’s League of Legends championship tournament in Seoul, South Korea attracted more than 40,000 fans in person and more than 32 million watching worldwide on the web.

When viewed in that context, its easy to understand why Cuban has ponied up millions of his own dollars in esports startups like Unikrn.

Cuban, who actually did pretty well in his debut (which was part of tournament to benefit anti-cyber bullying charities) and is generally regarded as a pretty knowledgeable player.

He even took time to defend esports from former ESPN commentator Colin Cowherd who says the game is not a real sport. In a statement made while leaving the tournament Cuban said:

I love Colin but he is an idiot when it comes to eSports. This is a real sport and people are going to figure it out really, really quick.

Currently, wagering on esports is legal in some countries, but not the United States.

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Saturday, November 28, 2015

American Bookies: Bookie Beat Down With Ohio State -1

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Thursday, November 26, 2015

American Bookies: Bookie Beat Down With Panthers, Lions Thanksgiving Day

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Wednesday, November 25, 2015

New York Judge to Decide on Fate of DraftKings, FanDuel: G911 Will Be There Live

Our sister site DFS911.com has the latest Daily Fantasy Sports news, both pertaining to the industry and player updates.  Below are some recent headlines.

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Dutch Government OK’s Online Sports Betting (Some Restrictions May Apply)

The Dutch government is well on its way towards legalizing most forms of online sports betting. There are, however, a few restrictions that will remain in place as part of an effort to limit match fixing.

Under the proposed measures, which have actually been languishing in committee for over a year, Dutch residents will be able to place wagers with any regulated gaming site they choose. Currently, Dutchmen can only bet through the government lotto site, and only on games that are already in progress.

The new sports betting rules have the approval of the country’s coalition government, which consists of the People’s Party for Freedom and Democracy (VVD) and Labour Party (PvdA).

Holland’s sports betting liberalization is not, however, comprehensive. Some live betting situations, such as whether a red card will be pulled, will still be prohibited. The idea behind the live betting ban is to limit wagering to events that can’t easily be manipulated.

Apparently Dutch officials are very concerned about the possibility of criminal elements impacting game play and are doing everything they can to prevent that scenario. In an interview with nltime.nl, an official from the Dutch soccer association, KNVB, expressed his support for the measures saying:

Limiting gambling opportunities in this way is a profit for the sport. The important thing is that not criminals, but players on the field, determine how the match plays out. And these proposals contribute to that.

If approved, the new measures would take effect some time in 2017.

 

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Monday, November 23, 2015

British Bookmakers – Latest News: Playtech Gives Up on £460m Plus500 Takeover

These are the latest headlines from the British bookmaking industry.  Paddy Power, William Hill, Ladbrokes, RedBet, More..

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DraftKings, FanDuel NY Hearing: G911 Coverage From the Court

DraftKings, FanDuel NY Hearing: G911 Coverage From the Court

Gambling911.com and sister site DFS911.com will be covering Wednesday’s hearing to determine whether Daily Fantasy Sports sites DraftKings and FanDuel can continue conducting business with New York state residents. 

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New Daily Fantasy Sports Lawuit Targets DFS Investors

The daily fantasy sports business, and its legion of name brand investors, are the target of a new class-action lawsuit that may turn into the biggest headache the industry has yet seen, according to report on SI.com.

Early Saturday morning, Florida attorney Ervin Gonzales filed the class action lawsuit, o that could turn into the biggest headache the daily fantasy sports industry has ever seen.

The lawsuit, which was filed on behalf of Florida residents Antonio Gomez and John Gerecs alleges that DFS operators and their investors are engaged in illegal gambling.

Furthermore, Gomez and Gerecs allege that DFS sites acted in a deceptive manner by luring average players into competition with industry employees who had access to insider information.

Should this particular legal action gain class-action status, the daily fantasy sports industry could be facing a the same sort of Black Friday apocalypse that brought down the US-facing online poker industry in 2011.

While the insider trading portion of the lawsuit is significant on its own, it’s the portions that include the DFS industry’s laundry list of high profile investors which include the NBA; NHL; MLS; MLB; the owners of the New England Patriots and Dallas Cowboys; JP Morgan Bank; Payal; Capitol One; and many more.

If these stakeholders, particularly the payment processors, decide their relationship with the DFS industry is potentially toxic, that will be that for US-facing DFS.

After all, neither DraftKings nor Fan Duel have shown a profit and both are very reliant on investors and new customer acquisition. An ugly lawsuit that scares off payment processors and investors could be all it takes to end the DFS party in America once and for all.

 

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Saturday, November 21, 2015

American Bookies: MSU, NC, Michigan Seeing Heaviest Action in Week 12

American Bookies: MSU Seeing Heaviest Action in Week 12

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Friday, November 20, 2015

Thursday, November 19, 2015

Ladbrokes Board Approves Coral Merger Despite Dermot Desmond Objections

Ladbrokes Board Approves Coral Merger Despite Dermot Desmond Objections

These are the latest headlines from the British bookmaking industry.  Paddy Power, William Hill, Ladbrokes, RedBet, More..

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Paddy Power Reports Interim Profits

Paddy Power, Ireland’s largest independent bookmaker released an interim management statement this week and the results were nothing short of spectacular.

The report, which covers the period from July 1 to November 15, says Paddy Power revenue was up a whopping 9% across the board.

Much of that success was due to the blazing hot performance of Paddy Power’s Australian operations, which operator under the Sportsbet moniker. According to the report, as reported on by Independent.ie, Paddy Power’s Australian arm saw incredible increases in almost every category.

That division saw its turnover increase by 33% and revenue rising up by 25%. All that new revenue was certainly driven by the 22% increase in new players and a 38% rise in telephone betting.

On the flip side of all this good news is one, sobering fact; without the Australian operation, Paddy Power’s online sports revenue would have actually been down 12% and online revenue as whole would have been down 3%.

Company officials said the bookmaker was hit hard by a series of negative results in the soccer market, including the World Cup.  A spokesperson for Paddy Power told the media:

While sports results in the period were unfavourable across the sector, for Paddy Power this has been offset by strong underlying growth. In online, sports betting stakes were up 23%c and total net revenue was up 7%. In retail, sports betting stakes grew by 12% and total net revenue by 7%.

All told, Paddy Power seems poised for continued growth and it’s very likely that whomever suggested the company move into Australia is going to get a big, fat raise.

Sportsbet,

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Tuesday, November 17, 2015

British Bookmakers – Latest News: Paddy Power Posts €96 million Debt

British Bookmakers – Latest News: Paddy Power Posts €96 million Debt

These are the latest headlines from the British bookmaking industry.  Paddy Power, William Hill, Ladbrokes, RedBet, More..

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MLB Signs Deal with Sports Betting Data Monitor

Major League Baseball (MLB) will be keeping a closer on suspicious sports betting patterns thanks to a deal they recently signed with London-based Sport Integrity Monitoring (SportIM).

The deal is part of the MLB’s ongoing efforts to insure that the integrity of the game isn’t compromised by internal and external forces and was not triggered by any specific incidents.

In a statement to the press, as reported on by the International Business Times (IBT). MLB lawyer Dan Halem, said monitoring sports betting is just good policy:

Given how important integrity is to sports, the price we’re paying is well worth it even if we have no reason to believe there’s any gambling going on.

Specific terms of the deal weren’t released, but it is known that MLB is SportIm’s first US client. The company monitors a range of regulated and black market betting operators to look for anomalies in betting patterns that could indicate fraud.

While baseball wagering is nowhere near as big in the United States as football and basketball, it still accounts for around $ 720 million worth of wagers in Nevada, the only US state where sports betting is legal.

Since it’s generally believed that only about one percent of all American wagers pass through Nevada, that leaves a lot of room for game fixers to wager in an unregulated environment.

The MLB/SportIM deal is also a quiet indication of the increasingly warm relationship between American professional sports leagues and the regulated sports betting industry. It doesn’t take too big a stretch of the imagination to see the MLB using data from SportIM to help make a case for legal sports betting in the United States; an idea that seems more likely to happen every week.

 

 

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Monday, November 16, 2015

Sunday, November 15, 2015

FanDuel Stops Taking Money From New York Residents

FanDuel Stops Taking Money From New York Residents

FanDuel says it has stopped accepting money from New York residents following that state’s Attorney General demand to cease taking bets there.

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Thursday, November 12, 2015

Patchwork of Laws Poses Legal Quicksand for DraftKings, Other DFS Sites

Patchwork of Laws Poses Legal Quicksand for DraftKings, Other DFS Sites

The New York attorney general's decision that daily fantasy sports betting sites FanDuel and DraftKings are illegal gambling operations in his state is a blow to the companies, but the multibillion-dollar industry could have more legal headaches yet to come.

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Wednesday, November 11, 2015

Tuesday, November 10, 2015

Monday, November 9, 2015

NFL Players File Class Action Case Against DFS Site FanDuel

NFL Players File Class Action Case Against DFS Site FanDuel

Washington Redskins player Pierre Garcon is leading a class action lawsuit for the NFL players against leading Daily Fantasy Sports website FanDuel. 

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Poker Heaven Shutting Down After 10 Years in Business

After nearly a decade in the online poker business Poker Heaven, a Microgaming skin, is shutting its doors for good on November 12.

Poker Heaven officials are blaming over-regulation in the European market for their decision. In a statement posted on the company’s site, a spoksperson said:

After ten years as a trusted European Poker brand that has focused on enhanced player experience and outstanding customer service, due to increased market regulation across Europe and other environmental factors…

Some in the gambling media, including CalvinAyre.com, suggested that the European practice of ring-fencing players was behind the company’s decision to shut down.

Though the loss of Poker Heaven is definitely not good, at least the company seems to be handling its impending end in an appropriate manner.

Players have until November 19 to withdraw funds from their account. Any players who haven’t drained their accounts by then will have to contact the company via e-mail at support@pokerheaven.com.

Poker Heaven should also be commended for handling the dismantling of its loyalty program in a manner that actually leaves its players with a sense of loyalty. Players stopped accumulating loyalty points back on November 1 and all loyalty accounts have already been paid off.

Affiliates with Poker Heaven connections should also inform their players that tournament tickets from the company expire on November 12 as well.

In a final gesture of goodwill towards its players, Poker Heaven is pointing them towards its designated replacement, BetSafe. BetSafe is ready for an influx of Poker Heaven refugees and has a welcome bonus package designed especially for them.

Poker Heaven’s departure is yet another sign of how competitive the European online poker market has become over the last

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Saturday, November 7, 2015

FanDuel to Enter the UK Market

Our sister site DFS911.com has the latest Daily Fantasy Sports news, both pertaining to the industry and player updates.  Below are some recent headlines.

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PokerStars to Pre-Black Friday NJ Players: ‘Take Your Money!’

PokerStars and its parent company Amaya Gaming recently sent out a message to their New Jersey players who had accounts prior to Black Friday asking them to please cash out as soon as possible.

In an e-mail that went out out on Thursday night, the company told the group of hard luck players that the time has finally come to put Black Friday to rest and cash out once and for all.

The targeted players fall into a very narrow group of pre-Black Friday players who live in New Jersey but still haven’t withdrawn their returned cash from their old accounts.

According to published reports, there’s right around $ 428,000 in unclaimed cash in the ghost town accounts. Any of that money that isn’t withdrawn by the end of the year will be forwarded to New Jersey’s Unclaimed Property Department.

So why is PokerStars so eager to see good New Jersey money flying out its coffers? It all has to with Amaya Gaming’s Herculean efforts to get on the right side of the New Jersey Department of Gaming Enforcement. (A task which they’ve plowed through with admirable success.)

PokerStars is eager to purge itself of any association with the bad old days and said as much in the e-mail:

As we recently have received approval in New Jersey and anticipate beginning to offer real-money online gaming soon, we wanted to provide you with the opportunity to obtain the funds.

PokerStars is also asking players who don’t want to bother cashing in smaller amounts to donate that cash to a fund that benefits problem gamblers.

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Friday, November 6, 2015

Bookie Beat Down: The Houston Cougars

Bookie Beat Down: The Houston Cougars

The Houston Cougars continue to roll in the ACC West with an 8-0 record.  For the bookies, there is little relief when it comes to the spread with the Cougars 6-2 Against The Spread (ATS).

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Thursday, November 5, 2015

Congress Does Not Intend to Act on Daily Fantasy Sports Any Time Soon

Our sister site DFS911.com has the latest Daily Fantasy Sports news, both pertaining to the industry and player updates.  Below are some recent headlines.

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New Jersey Lawmakers Ready to Regulate Daily Fantasy Sports

New Jersey state Senator Jim Whelan has introduced a bill that would put daily fantasy sports (DFS) sites under the regulatory thumb of the state’s Division of Gaming Enforcement (DGE). That’s terrible news for an industry that’s bee free falling since news of an insider trading scandal broke last month.

The various pieces of Whelan’s regulatory act read like a daily fantasy sports CEO’s worst nightmare. For starters, DFS operators would have to submit themselves to New Jersey’s rigorous, and very expensive, gaming licensing process.

That process promises to ask a whole of questions the daily fantasy sports industry isn’t keen on answering under oath like, “What safeguards do you take to insure data integrity?”

If the bill passes into law, DFS operators would also have to limit action to players 21 years and over, who reside New Jersey. Additionally, the bill requires them to keep their servers in New Jersey.

In an interview with Legal Sports Review, Whelan defended his bill and New Jersey’s approach towards regulating online gambling:

We have a model of internet gaming that has worked well from an integrity point of view in New Jersey and that piece of business is slowly growing. So that’s the starting point for looking at if we were to regulate that, it’s one approach that we would certainly consider. I am open to better other ideas here, and open to of course trying to reach a consensus.

Anyone who has followed New Jersey’s quest to legalize sports betting, a battle they’ve taken all the way to the Supreme Court, can’t help but think there’s something more to this bill than just an interest in regulating slow growth.

New Jersey lawmakers are clearly insulted by the regulatory double standard that allows DFS sites to have monopoly on the legal US sports betting market…and they’re not afraid to do something about it.

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Tuesday, November 3, 2015

eSports Gambling Industry Launches Preemptive Strike in Wake of Regulatory Fears

eSports Gambling Industry Launches Preemptive Strike in Wake of Regulatory Fears

eSports gambling site Unikrn has developed a “Code of Compliance” as it relates to preventing match fixing and cheating.

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Macau Gaming Revenue Continues Drop While Las Vegas Rises

Gaming revenue in Macau was down for the month of September while revenue on the Las Vegas Strip recorded a slight uptick. It turns out that both of these numbers are being influenced by the same source…Mainland China.

On the island of Macau, the revenue slump that just won’t end has now reached its 17 month and shows no signs of letting up. According to a report on CalvinAyre.com, Macau gaming revenues were down a whopping 28.5% over the previous year for the reported month.

Sadly, that number is what counts as good news for the formerly high flying Chinese Las Vegas. While last month’s revenue was down 28.5%,  revenue for the previous month was down more like 33%. (Ouch!)

Over on the Las Vegas Strip, things looked a little brighter as casinos posted a 1.5% gain in September. That tiny revenue hop was influenced by non-gambling events on the stirp like UFC fights, and was good enough to end a three month slide that also has its roots in Mainland China.

Macau officials are struggling to come up with new attractions to draw visitors to see the sights in the former Portuguese colony, but Mainland Chinese tourists don’t seem all that interested in colonial architecture.M

Unfortunately, Strip revenues are down 1.5% for the year so far, when compared to last year’s numbers.

Baccarat rooms across the fabled Strip have been relatively quiet since the Chinese began cracking down on official corruption. As part of that effort, they’ve been closely monitoring which of their people are spending quality time in Sin City and Macau.

 

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Sunday, November 1, 2015

Pay Per Head Strategy of the Week: 5 Referral Ideas for Online Bookies

Pay Per Head Strategy of the Week: 5 Referral Ideas for Online Bookies

Referral strategies can produce a lot of new players for the online bookie, if they’re used properly. Learn the top 5 tested referral ideas for bookies right here.

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Russian Government Blocks Gambling Domains

The Russian government has begun blocking a number of gambling domains in what could be the beginning of legal igaming in the former Soviet Union; or a brazen display of power by Roskomnadzor, the state internet authority.

According to a variety of published reports, the blocking efforts probably began some time in September and have been picking up steam ever since.

Among the targeted sites are a number of well-regarded international operators including: 888 Poker, Betway, Bwin.party, JackpotCity, Ladbrokes, Marathon Bet, Pinnacle Sports, Titan Poker and Unibet. Of course a number of Russian operators (Favbet, Fonbet, Liga Stavok, TrioBet, Vulkan-Bet and 1xbet) made that list, too.

So what’s behind the big domain block? No one knows for certain and Russian authorities, in typical authoritarian style, aren’t exactly forthcoming with details.

Russian authorities have been chattering about the possibility of legalizing online gambling (which is currently illegal in all forms in Russia) for quite some time and they’ve got plenty of incentive for moving forward on that initiative.

By the same token, there are no measures to legalize online gambling currently under official consideration by the Russian Government. But that doesn’t mean there’s no incentive to enact that legislation at any moment.

Thanks to a combination of falling oil prices and international sanctions resulting from their annexation of Crimea, the Russian economy has been in a free fall the past few years. A new stream of tax revenue, like legalized internet gambling, could go a long ways towards healing that gaping economic wound.

Of course there’s also the very real chance that this is simply another example of an authoritarian government flexing its muscles by preventing the free flow of information via the internet.

 

 

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