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Potential Carolina Panthers sale puts NFL’s gambling problem in spotlight

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Potential Carolina Panthers sale puts NFL’s gambling problem in spotlightReading Time: 4 minutes

The NFL may now have another reason to take a look at its existing policies on gambling.

The CEO of Station Casinos and former UFC owner Frank Fertitta III is reportedly part of a group interested in buying the Carolina Panthers. The initial reason the NFL needs to re-examine its policy on gambling is the fact team owners approved the Oakland Raiders relocation to the US gambling mecca of Las Vegas, Nevada last year.

The Las Vegas Raiders will likely to start calling Las Vegas home in 2020. Construction of the new stadium just west the of the south end of the Strip should be finished by then.

IF YOU BUILD IT, THE RAIDERS WILL COME

It’s no secret the stadium and $750 million in public funding helping build it is why the Raiders are moving. They’re leaving Oakland because efforts to renovate or replace the Oakland–Alameda County Coliseum failed. However, it’s a little less widely known how connected this new facility is to Las Vegas’ gambling industry.

A hotel room tax will fund the $750 million in public money that will pay for the project. That’s gambling money in Las Vegas.

It’s not directly coming from gambling. However, gamblers are the ones paying the tax when they pay for rooms at hotels in the city. Plus, gambling resort executives must have supported the tax from the outset. Otherwise, it never would have moved forward in a city, and an entire state, pretty much dependent on gambling.

A committee including executives from six local casino companies initially recommended the stadium project to state lawmakers. This includes:

  • Caesars Entertainment
  • Boyd Gaming
  • MGM Resorts International
  • Wynn Resorts
  • Las Vegas Sands Corp.
  • Station Casinos

Plus, Las Vegas Stadium Authority is the stadium’s owner. This group is managed by a board including executives from casino corporations Caesars and MGM.

NFL ANTI-GAMBLING POLICIES

The NFL allows teams to accept limited advertising from casinos. However, its anti-gambling policies require those casinos do not have sportsbooks. That means the companies that pushed for the stadium, helped fund it, and sit on the ownership board can’tadvertise there.

The National Hockey League‘s expansion Golden Knights became the first major pro sports team to play in Las Vegas, kicking off its inaugural season at the end of 2017. MGM co-owns the team’s arena. And while the NHL previously had a policy restricting advertising from casinos with sports books similar to the NFL, it has since dropped it.

The NFL might want to consider doing the same before it turns it’s back on millions of advertising dollars coming from one of the only industries in its new home that has those dollars to spend.

CORPORATE PARTNERS WANTED?

The NFL’s anti-gambling policy also prohibits players from participating in promotions, activities, or events held at casinos. This policy will have the Raiders and its players left out of the majority of everything going on in Las Vegas. Plus, they’ll be ignoring what would otherwise be it’s home city’s biggest corporate partner. It’s a situation that simply wouldn’t work in any other city or any other industry outside of gambling.

It’s one that’s not likely to last in Las Vegas. Either the Raiders will be on the move again or the league will change the way it looks at the casino business.

LEGAL AND REGULATED SPORTS BETTING

The latter is more likely, considering that while this is a Raiders and a Las Vegas problem now, its headed to other NFL markets fast. The US Supreme Court is a few months away from a ruling in New Jersey’s case against the federal ban on sports betting. Should New Jersey win, all signs point to sports betting spreading across the US over the next couple of years.

Legal and regulated sports betting is headed to just about every market the NFL currently calls home. The NFL is going to need to address it.

When the league approved the move, NFL Commissioner Roger Goodell said it had no reason to change its anti-gambling policies. The truth is, the league is probably just taking a long, hard look them. They’re just figuring out precisely how to change these policies before the move actually occurs. Unless they think the Raiders can somehow survive in the market without corporate partners. Or that the team wants to turn its back on an industry that was a big part of bringing it there in the first place.

ANOTHER SIDE OF THE SAME COIN

Of course, Station Casinos and Fertitta’s interest in the Panthers is just another side to the same issue.

It has been suggested Fertitta would have to divest his casino holdings to buy the Panthers. That idea seems consistent with league’s current anti-gambling stance. Goodell has also been quoted saying casino ownership of an NFL team or stadium isn’t consistent with league policy.

Something has got to give here. It’s more likely the league’s policies will be bent before casino interest in the NFL breaks.

Considering the situation with the Raiders, and sports betting across the US, the league’s anti-gambling policies might be in need of a tune-up. Any way you look at it, Fertitta might want to wait and see just what changes are in store before he sells Stations. The NFL could soon cozy up to casinos in more ways than one.

 

Source: playusa.com


Source: European Gaming Media and Events

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SLS Las Vegas to launch sports betting tournament during football season

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SLS Las Vegas to launch sports betting tournament during football seasonReading Time: 1 minute

SLS Las Vegas Hotel & Casino will launch a special sports betting tournament during the upcoming football season. The resort will offer fantasy drafts, food and beverage specials, viewing parties and more during the matches. Starting Thursday, 6th September, whether watching pro football Thursdays, Sundays and Mondays or college football Fridays and Saturdays, Umami patrons can enjoy a variety of game day specials.  The Sayers Club will also host viewing parties Saturdays and Sundays throughout the season on six big-screen televisions.

Guests aged 21 and up are invited to stop by the state-of-the-art William Hill Sports Book to place bets on their favourite teams. Sports book patrons have access to innovative wagering technology, including William Hill’s market-leading mobile betting platform available on iPhone, iPad and Android devices. Additionally, the sports book features an expansive HD video wall for viewing of sporting events and betting odds, as well as fully automated InPlay wagering.

 

Source: focusgn.com


Source: European Gaming Media Latest News

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Authentic Games obtains UK gambling license

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Authentic Games obtains UK gambling licenseReading Time: 1 minute

Authentic Games, the Malta-based Live casino specialist has obtained a service provider license from UK Gambling Commission. The license will allow it to provide its whole range of games and products to UK operators and players.

The company’s product range includes the flagship Authentic Roulette product, which live streams from roulette tables located on the floors of premium casino resorts in Malta, USA, Romania, Georgia, Italy and Denmark.

Authentic Gaming recently opened a new Arena studio in Malta, and has a client list that includes Leo Vegas, Mr Green, and all Kindred Group brands including Unibet.

The studio contains six Live Auto Roulette tables with four different game formats: Classic Roulette, Speed Roulette, VIP Roulette and a never-seen-before variant, Blaze Roulette.

Blaze Roulette is set against a game show backdrop. The game table is lit with LED lights, and a giant video wall that completes the showbiz theme. Blaze is the only “game show” style Live Roulette game dedicated to roulette players.

Jonas Delin, CEO of Authentic Gaming, said in a statement Monday: “The UK is a key market for us as we continue to expand into regulated jurisdictions around the world. With nearly half of our client base holding a UKGC licence, we are eager to bring our games to market.”

 

Source: reviewed-casinos.com


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Crown Resorts’ profits suffer massive dip

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Crown Resorts’ profits suffer massive dipReading Time: 1 minute

The company has reported its full-year results, which fell to US$558.9 million.

Crown Resorts, one of the biggest gaming and entertainment groups in Australia, reported a steep fall in its profits. According to the latest financial results, the company’s profits have decreased by 70 per cent to US$558.9 million. This is significant because the company sold its facilities and business ventures in Macau last year.

This has been a problem year for Crown Resorts. Its board member James Packer left the company and 19 of its executives were arrested in China. However, not everything is lost. Despite the 70 per cent dip in net profit, there is a 12.7 per cent increase in normalised profit to US$385.6 million. It also registered a 5.4 per cent increase in operating revenue to US$3.4 billion.

John Alexander, Executive Chairman of Crown: “Crown’s full-year result reflects a solid performance from our Melbourne operation and continued subdued trading in Perth. VIP program play turnover in Australia of US$51.5 billion (up 54.5 per cent) was a pleasing outcome, particularly at Crown Melbourne (up 73.9 per cent), given the difficult trading conditions.”


Source: European Gaming Media Latest News

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