Connect with us

News

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

Published

on

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

Receive a weekly news digest of the most important news

Signup now and receive an email once a week which includes the main titles of the industry from Europe, Americas, Asia, Africa and Russia.

I agree to have my personal information transfered to MailChimp ( more information )

I will never give away, trade or sell your email address. You can unsubscribe at any time.

News

Russian Online Casinos Supply the Donbass Separatists

Published

on

Russian Online Casinos Supply the Donbass SeparatistsReading Time: 1 minute

Pro-Russian separatist groups of the Donbass War (Eastern Ukraine) receive material funds from illegal gambling business, states a recent article published in the Russian Sobesednik magazine. According to article, part of the illegal profits of the online casinos is used to finance the ongoing conflict in Ukraine.

As reported by GC Alor analysts, the black turnover of these Russian online casinos is around 200 billion RUR (2,725,065,200.00 Euro). The Majority of these online casinos are registered in foreign administrations, like Azino777 being registered in Curacao.

As experts say, many online casinos are physically based in Ukraine, where the legislation is slightly more loyal than Russian. It is allowed, for example, to develop gaming software for third-party customers. Lucky Labs company, which is linked to the online casino “Vulcan”, operates in Ukraine as software developer.

According to the Security Service of Ukraine, which conducted searches at the office of the company lately, Lacky Labs also controls the websites of CasinoX and Joycasino. The company’s office is big. It is a 4-storey building designed for 150 people. There is also a basement area where there is a kitchen and a dining room, a gym.

Lucky Labs was founded by two Russians. Because of the sanctions imposed by the President of Ukraine Petro Poroshenko, now they are not allowed to enter the country. However, Lucky Labs continues to exist. Now the company is registered by an Ukrainian citizen.

If some of the profits of illegal online casino go to pro-Russian patriotic purposes, it becomes clear why Roskomnadzor does not block their Internet addresses. The correspondent of “Sobesednik” managed to access the mentioned online casinos without any obstacles, using no VPN or “mirrors”.

 

Source: sobesednik.ru


Source: European Gaming Media and Events

Receive a weekly news digest of the most important news

Signup now and receive an email once a week which includes the main titles of the industry from Europe, Americas, Asia, Africa and Russia.

I agree to have my personal information transfered to MailChimp ( more information )

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Continue Reading

News

Play’n GO ‘Slots’ Into 1st Place!

Published

on

Play'n GO 'Slots' Into 1st Place!Reading Time: 2 minutes

Company celebrates EGR victory with Slot Provider of the Year Award

 

June 22, 2018 – Play’n GO were honoured at the EGR B2B Awards on Wednesday (20thJune) as they took home the highly coveted Slot Provider of the Year Award, beating out some strong competition.

The awards, held in London’s prestigious Hurlingham Club, “celebrates and rewards the very best service suppliers in the online gaming industry” and Play’n GO were honoured to have been nominated in numerous categories including Innovation in Mobile and Best Multi-Channel Supplier.

Play’n GO were recognised for their remarkable offerings in the slot market over the past year including innovative games such as Viking Runecraft, Sweet Alchemy and Moon Princessas well as many other popular titles.

CEO Johan Törnqvist was delighted to pick up the win, and believes it is a reflection of the company’s hard work.

“It’s an honour to pick up such a sought-after award, especially with the level of competition in the category. As a company we work hard to put out the finest, most entertaining, offering to our partners in the market, and winning this award is a testament to that. We have consistently been recognised in the industry for the innovative products we release and it’s our job not to rest on our laurels, but to continue innovating”

 

About Play’n GO

Play’n GO is an award-winning supplier of high quality gaming content to many of the world’s leading casino brands.  Its genuine omni-channel solution can be tailored to suit the needs of individual online and land-based partners, regardless of geographical, regulatory, or market-specific requirements. Its games are developed in HTML5 to provide an enhanced user experience on all devices and operating systems. These are complemented by superior back-office administration tools which provide expansive reporting and marketing capabilities, ensuring operators are equipped to provide the ultimate gaming experience. The supplier’s extensive portfolio was recently recognised by the award of the IGA Slot Provider of the Year 2017 title. Play’n GO currently hold offices in Sweden, Malta, Hungary, and the UK. Please visit http://www.playngo.com for more details.


Source: European Gaming Media and Events

Receive a weekly news digest of the most important news

Signup now and receive an email once a week which includes the main titles of the industry from Europe, Americas, Asia, Africa and Russia.

I agree to have my personal information transfered to MailChimp ( more information )

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Continue Reading

News

Poland: Accepted Changes In Taxes, Including Gambling

Published

on

Poland: Accepted Changes In Taxes, Including GamblingReading Time: 1 minute

Poland’s lower house (Sejm) has voted down five Senate amendments to a comprehensive amendment to several tax bills, including gambling.

The adopted amendments may be applied retroactively, which is to the income earned from January 1 2018.
Gamblers will be treated in a uniform manner after the changes.

Adopted by the Sejm on May 10th of this year extensive amendment to the Personal Income Tax Act (PIT), the Corporate Income Tax Act (CIT) and the Act on flat-rate income tax on certain revenues earned by natural persons; that all winnings on machines will be exempt from PIT, the tax relief for creators will be extended to the next creative professions, the real estate income tax will be larger. This applies to provisions adopted last autumn and effective from January 1st 2018.

Unlike the regulations adopted in autumn, the amendment assumes for example, that participants of legal gambling will be treated in a uniform manner. Regardless of whether the games are organized by casino operators or a company performing a state monopoly in this area, which would be Totalizator Sportowy. In line with the provisions changed by the Sejm and approved by the Senate on Thursday, winnings in slot machine games, card games, dice games and cylindrical games – regardless of which legally operating entities organize them – will be exempt from personal income tax.

In the remaining scope, the rules of taxing winnings (in numerical games, cash lotteries, mutual bets, etc.) are to remain unchanged in relation to the provisions currently in force. Pursuant to the amendment of October 27th 2017, winnings in gambling are subject to a l0% PIT tax on winning if their one-time value of winning exceeds PLN 2,280 (528 Euro).


Source: European Gaming Media and Events

Receive a weekly news digest of the most important news

Signup now and receive an email once a week which includes the main titles of the industry from Europe, Americas, Asia, Africa and Russia.

I agree to have my personal information transfered to MailChimp ( more information )

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Continue Reading

Trending

%d bloggers like this: