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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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NSoft brings iGaming Future to february London event

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NSoft brings iGaming Future to february London eventReading Time: 1 minute

 

The sports betting technology provider NSoft will be showcasing its comprehensive suite of products including a full Sportsbook platform, Virtual games and the latest innovations in AI solutions at ICE London 2019.

NSoft’s Self-Managed Pre Match application is fully integrated into Seven Platform and gives the betting operators full autonomy of sports events creation, odds management and risk management. Except for already supported option of importing Betradar Unified Odds Feed, the customer has the ability to manually create any sport, tournament, market and event, as well as to resolve the markets.

The upcoming ICE London 2019 is the only B2B gaming event that truly brings together the international online and offline gaming sectors. During this event, held from February 5 to February 7, 2019, NSoft’s focus shall be on promotion of new products and comprehensive business solutions.

NSoft team is performing the latest product polishing before presenting it to the industry’s leading stakeholders. This year we shall be hosting you on our stand with impressive design and demo zones.

Don’t miss out on the chance to find out more about NSoft’s products. Please meet us at Stand S1-260. Book a meeting with our team or contact sales@nsoft.com.

 


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: NSoft brings iGaming Future to february London event

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PointsBet enters the legal New Jersey betting market

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PointsBet into the legal New Jersey betting marketReading Time: 1 minute

 

PointsBet has launched its online sports betting platform in New Jersey, had become the ninth operator to enter the legal New Jersey sports betting market. PointsBetting is essentially a high-risk form of spread-betting that rewards players with more money.

The company explained how PointsBetting works: “If a user bets $10 on the over, and the total ends 10 points over, that nets users $100. Stop-loss settings are able to be set by a bettor if they wish to limit their win and loss position. Users will still be able to make fixed odds wagers, which give a simple win-or-lose scenario.”

New Jersey residents can access PointsBet in web browsers via PointsBet.com or by downloading the PointsBet mobile app for Android or iOS.

Johnny Aitken, PointsBet US CEO said: “We’re extremely excited to bring PointsBet’s premium and game-changing sportsbook and signature betting options to the US.

“By offering some of the world’s sharpest betting offers and prices, we have the back of all sports bettors, no matter how sophisticated they are, and we’re serious about offering a one-of-a-kind VIP betting experience.”

PointsBet is also partnered with Tioga Downs Casino in New York and will launch sports betting operations in New York if the state moves to legalise sports betting.

 


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: PointsBet enters the legal New Jersey betting market

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FDJ aims digital transformation to fuel its development

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FDJ aims digital transformation to fuel its developmentReading Time: 2 minutes

 

FDJ Group announced €15.8 bn in player stakes in 2018. FDJ distributed €10.7 bn to players, a return rate of nearly 68%, an increase close to 1 point over 2017.

Stéphane Pallez, Chairman and Chief Executive Officer of FDJ Group said “The continued growth in player stakes reflects the good execution of our FDJ 2020 strategy around areas such as innovation and digital, enhancing the appeal of our games and distribution channels. 2018 has been characterised by numerous successes, notably Mission Patrimoine games, illustrating FDJ’s redistribution model. These results underpin our ambition to anticipate changes in the gaming and entertainment sector to increase the Group’s leadership with richer and innovative gaming experiences”.

 The FDJ 2020 strategic plan aims at accelerating the Group’s digital transformation to fuel its development. In 2018, the group got benefited from increase in digitalisation of all games. This success confirms our strategic goal of reaching 20% by 2020. This digital growth was driven by online gaming as well as electronic player stakes at points of sale.

ParionsSport sports betting posted strong gains in player stakes. FDJ is one of the Top 10 sports betting operators worldwide. Player stakes recorded during the World cup reached €333 m, an increase of +75% over the 2014 event, mostly attributable to the French team’s performance. The overall trend remained strong, with +8% growth in non-World Cup player stakes.

ParionsSport also signed major four-year partnerships with four leading French football clubs (Olympique de Marseille, Olympique Lyonnais, AS Monaco, and FC Nantes), and launched the “Parions Club” challenge with each of them, giving the top punters in each club a VIP treatment in stadiums or at points of sale, in addition to their winnings.

Player stakes in lottery, instant lottery and draw-based games, grew 1.1% to €12,770 m. Player stakes on instant lottery games (scratch-card games in point of sale and digital) continued to grow, +3.2% to €7694 m.

Digitalisation drives growth in all lottery games, whether instant lottery or draw-based games. On-line lottery games were up +12% thanks to the steady increase in new players, with close to 1.9 million players at the end of 2018, and very frequent marketing events in the online gaming portfolio, with a launch, a relaunch, or a modification every week.

In 2018, FDJ stopped charging rent for point of sale equipment and started paying commission on promotional and free coupons. This year, a new commission structure has been introduced, with different rates across the various product lines and price ranges. In this context, net commissions earned by FDJ retailers were €785 m in 2018, up 5.7% on 2017.

After internalising its sales force and setting up its own logistics, FDJ has completed its business transformation and has direct control of its network.

The Group has continued to make substantial investments in points of sale, specifically in technology and equipment.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: FDJ aims digital transformation to fuel its development

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