'Drone Racing' Newest Betfair Betting Offer

The newest sport to enter the world of online gambling is exciting and fun to watch and bet on. The online betting operator Betfair sees huge potential in this flying race specifically for drones. Flying a drone is not that difficult but competing at high speeds of over 90 miles per hour on courses designed to challenge even the most skilled pilots is another story altogether. The UK’s Betfair and the Drone Racing League (DRL) have partnered to offer punters markets on professional drone racing.

Drone racing was featured in a number of media posts as the next big thing.  The Drone Racing League struck a deal last September with sports network ESPN to broadcast events for the League. The final race of the Allianz World Championship circuit will be held on Tuesday 13 June, hosted by Alexandra Palace in London England.

Six of the world’s most accomplished drone pilots will vie for the Championship held in conjunction with London’s Tech Week the first ever profession drone completion. Tech oriented individuals with fast reflexes are being feted by the Drone Racing League urging them to consider a career as a professional drone racer. The lucrative contracts of as much as $100,000 to command a high tech flying machine for the professional sports league is a position some young adults are aspiring too.

DRL co-founder and CEO Nick Horbaczewski commented, “Drone racing is a sport made for betting. It combines the raw thrill of short track racing with the complexity and strategy of motor sports.

Stephen Mault, Paddy Power Betfair’s Chief of Marketing said,  “This is a great opportunity and we're excited to see how a partnership like this will play out for us in the future given the rise in popularity of the sport of drone racing.

“Innovation and technology are the lifeblood of everything we do at Betfair and we are committed to constantly finding ways of enhancing and improving the experience of our customers."


 

 

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New York's Online Poker Legislation Now In Doubt

Online gambling is going through massive changes in the USA ever since the Department of Justice in 2011 declared online poker acceptable and legal when the Online poker in the United States is a topic that generates a great deal of conflicting information government unsealed indictments against Full Tilt Poker and PokerStars.  PokerStars eventually reached a settlement with the US that resulted in Stars acquiring the assets of Full Tilt Poker and the suspension of charges against both companies with no wrongdoing admitted. There are no federal laws that prohibit US players from having an online poker accounts and playing for real money online.  State law however creates a different scenario with outdated gambling laws that fail to directly address the inclusion of online poker sites in the USA.

Amaya’s PokerStars is still in the news as the Empire State of New York works at creating an online poker friendly environment for its citizens. New Jersey has regulated online gambling and it neighbour New York is making its way towards passing legislation to legalize online poker but with a few different elements. PokerStars is expected to be excluded from being involved in the market there.  So called “bad actor” terminology has now been added to Senate Bill 3898 that deems any operator that did not comply with the UIGEA after December 31, 2006 will be not able to apply for a potential internet poker license in New York.

Sen. John Bonacic who initiated the Bill had a spokesperson state, “Senator Bonacic amended the online poker bill to provide the Gaming Commission with the opportunity to take into consideration an applicant’s prior bad acts in relation to determining suitability for a license. He is committed to moving the bill forward and looking forward to working with his colleagues in the Senate and Assembly to do so.”

 

  

 

 

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Fantasy Sports Offering Coming From The Sports Network

The attraction of customers to the sports betting environment takes many routes that do a great job of getting the newly interested player involved. The Sports Network is a Canadian English language sports specialty service. TSN is the largest specialty channel in Canada regarding gross revenue, with a total of $400.4 million in revenue in 2013. The media company (TSN) has launched a new fantasy sports service in partnership with the American football competition and the Canadian Football League.

Beginning on June 22, 2017 the free-to-play offering will run throughout the upcoming football season. Those who play will be able to choose six active offensive players and a defence player from one of the  nine teams on the CFL roster while they adhere to a salary cap. Fantasy managers are eligible to win weekly  prizes and at the end the big winner will get a  all expenses paid trip for two to the championship 105th Grey Cup game.

CFL senior vice-president of marketing and content, Christina Litz, commented on the offering, “We’re absolutely thrilled to offer sports fans, whether they have always loved the CFL, are new to the CFL, or just love to play fantasy sports, a product that is challenging and exciting while easy and fun to use,”

Ken Volden, Vice-president and executive producer of news and information for The Sports Network, also commented on the new game, “TSN and the CFL have a longstanding partnership, and we are excited to expand on that as we launch TSN CFL Fantasy.” Volden continued, “We look forward to seeing fans immerse themselves in the on-field action as they compete for prizes throughout the upcoming CFL season.”

The fun aspect is part of the offering and will be sure to be a hit even for the new player which is the basic intent of this game and its producers .

 

 

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IGT Completes Social Casino Deal With DoubleU Games

International Game Technology, which was formerly Gtech  and Lottomatica, is now a multinational gaming company that produces slot machines and other gaming technology. The company is headquartered in London, with major offices in Rome, Providence, and Las Vegas USA. In July of 2014, Gtech agreed to acquire International Game Technology (IGT), the world's largest slot machine manufacturer, for a total of $6.4 billion, including $4.7 billion in cash and $1.7 billion in assumed debt. The companies combined under a new holding company based in the United Kingdom, and the Gtech name was dropped in favor of IGT. The merger was finalized in April of 2015.

In April of 2017 IGT agreed to a deal to let go of its Double Down Interactive LLC social casino subsidiary to an affiliate of DoubleU Games Co. The purchase agreement proposes social casino operator DoubleU Games, headquartered in Seoul, South Korea, will purchase the business unit for $825 million (€774.9 million). IGT said the arrangement, “establishes a new multi-year strategic partnership between IGT and DoubleU Games to provide innovative player experiences in the social casino market worldwide”.

Now in June of 2017 as expected the sale of the of its Double Down Interactive social casino subsidiary to an affiliate of DoubleU Games Co. has been completed for the agreed purchase price.  

IGT stated its intention to process the funds generated by the acquisition to help reduce debt. Chief Executive Officer for IGT Marco Sala, remarked, “We are also entering into a long-term game development and distribution agreement with DoubleU Games for social casino content.” Sala continued, “This is an important development in supporting our strategy of leveraging our substantial content catalogue across multiple distribution platforms."

“Through this partnership with DoubleU, we will continue participating in the social casino market, as we will be collecting ongoing royalties on our casino game content.”

 

 

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Nevada Governor Formalizes Esports Betting Law

In November of last year the gambling state of Nevada USA started to consider the esports trend sweeping the nation. Interest in esports has grown fantastically and The Nevada Gaming Policy Committee realized they needed to address the implementation of an esports wagering framework for Nevada’s sports books. The Committee agenda for November 16, 2016 included 'Esports in Nevada: how Nevada can become the esports capitol of the world'. On the 18th of November 2016 the Nevada Gaming Policy Committee urged gambling regulators in Nevada to create a new set of rules regarding wagering on esports contests.

The competition to be first game ramped up quickly when on the 22 of November it was announced that William Hill had become the first gambling operator to acquire a licence to offer betting lines on esports competitions in the Nevada.

The Nevada Gaming Control Board, granted the licence, saying wagering will take place under Regulation 21.120, allowing for “wagers on events other than a horse race, greyhound race or athletic events”.

Nevada Governor Brian Sandoval said in a statement then,  “This announcement is a major step toward ensuring Nevada becomes the esports capital of the world.” Adding, “By embracing this unique opportunity and incorporating innovation and technology into our gaming industry, we’re expanding the potential of one of our oldest industries.” It appears the licence comes when Nevada still is dealing with an uncertain future regarding real money gambling on esports.

Governor Brian Sandoval signed a bill recently amending the pari-mutuel wagering rules paving the way for the future plans of esports entrepreneurs to become a center for the activity. The approval of Senate Bill 240 formalizes esport betting legality under state law. Effective July 1 2017 other sports will be included to the pari-mutuel wagering category, including esports and wagers on various awards shows.  

 

 

 

 

 

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German Interstate Treaty on Gambling Flaws Revealed

The news travels fast when politicians do the wrong thing and it is finally discovered and revealed by academics. An example of the process and how it keeps the truth active is Germany’s controversial Interstate Treaty on Gambling which has been the subject of a rigorous study assessing the Treaty’s impact on integrity in sports, customer protection and revenue from taxation. The study has concluded the results are mostly negative.

Assessing the success of the legislation three noted academics spent six months collecting data for the study entitled “Fact-based Evaluation of the Interstate Treaty on Gambling.” The process involved using  methodologies including economic, legal and sociological silos.  Germany’s restrictive online gaming regime resulted in the jurisdiction having the lowest percentage of punters going to regulated gambling offerings placing Germany last on the list for compliance.

Professors from the Dusseldorf Institute for Competition Economics, the Institute for Sports Integrity at the German School of Sports in Cologne and the Frankfurt University of Applied Sciences, revealed their results of the comparative ‘Channelisation Index’ at a press conference in Berlin recently.  

The report on the 300-page study was supported by lobby groups such as the German Sports-betting Association (DSWV), which was optimistic that the results would convince the politicians to apply more equitable regulations for the online betting industry.

Professor Martin Nolte, director of the Institute for Sports Integrity at the German School of Sports in Cologne said current integrity legislation as going “completely beyond the reality” of the situation and that the country was missing opportunities to fund sports integrity initiatives.

Professor Justus Haucap, director of the Dusseldorf Institute for Competition Economics commented, “Only when online gambling is legalised can the State achieve a number of goals: protecting players, combating gambling addiction and preventing the manipulation of sports,” Haucap continued to add,  “This is exactly where the current legislation fails, along so many lines.”

 

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New Online Gambling Regulations Causing Operators Stress

The online gambling industry is a worldwide business with many different jurisdictions and rules which affect its development. The new regulations imposed by Australia and the Netherlands have created a crisis of sorts for the operators who have decided to exit those areas and comply with the regulators.

The Netherlands for example has been an attractive destination for online gambling operators responding to the demand for this kind of offering from a local market. The recently imposed  regulations basically prohibited online gambling without a license from the Kansspelautoriteit effectively closing off access to international suppliers.  

The same situation is presented in the Australian online betting market where the government voted for proposed amendments to the Interactive Gambling Act 2001. A recent announcement that GIG will be leaving the Australian market after the decision comes as no surprise to industry leaders. By the time the new regulations come into play it will be hard if not impossible for offshore operators to apply for an online gambling license and actually get one. Unlicensed online casino and poker operations will become illegal in the jurisdiction. GIG announced prior to the implementation of the new regulations that Guts, Betspin, Rizk, Thrills, Kaboo, and SuperLenny brands are not available to Australian players as of May15th 2017.

Other reputable online gambling service providers have also left the Australian market place before the new regulations come into effect. Vera&John left the local market late last year, and 888poker followed suit leaving the punter in Australia looking for alternatives. Another Gibraltar-licensed  operator 32Red also exited Australia after Australian MPs approved the Interactive Gambling Amendment Bill 2016. It is certain that the domino effect will be witnessed as many other gambling service providers find complying with harsh restriction and expensive regulations imposed by jurisdictions in Europe and elsewhere becomes to arduous. The online gambling public is left with less choice and more risk.

 

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NHL Stanley Cup Championship Betting Trends

The fascination with ice hockey is at a peak at this time year with the season’s championship playoffs for the Stanley Cup into game 3 of the best of seven series. Wagering on the games is exciting considering these teams are competing for millions of dollars in endorsements and fame.

The Stanley Cup championship is watched by millions of fans in North America who have seen the western and eastern conference winners come down to the final battle for the coveted mug.

After a two week preseason, and then a long six-month 82-game regular season, hockey handicappers are juiced for NHL playoff betting lines that come during the second week of April. There are many web locations packed with live odds for each game as well as real time scoring updates throughout the National Hockey League postseason. 

There are many opinions on the best NHL playoff betting trends to get involved with. Watching the trends whether it’s tight goaltending, player stats, game experience, or home ice advantage the number of betting opportunities are all covered by the online sports books.   

Game three of the finals begins on Saturday June 3rd between the Nashville Predators and the Pittsburgh Penguins in Nashville then on Monday June 5th again in Nashville then on June 8th for game 5 in Pittsburgh if necessary.

There are prop bets offered too such as the 2017 Conn Smythe Trophy Winner or 2017 NHL Draft picks. When the games are on there are live betting offerings that can be interesting to participate in. Ice Hockey is one of the fastest games on the planet and is exciting to watch as the intensity heats up during the playoff action. Research and keen observation could be the ticket for a winning punt on the Stanley Cup Playoffs. Knowing the history of this tournament adds a lot of excitement to even the smallest of wagers.

 

 

 

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Netherlands Clamps Down On Offshore Online Gambling Operators

The Netherlands took time to form a set of rules for online gambling participation and is now fine tuning those regulations. Measures have been announced to strengthen regulations in the Netherlands. Online gambling operators use links from Netherlands located web domains to access sites from offshore offerings. More stringent guidelines, which will come into effect from June 1 that will focus on operators targeting the Dutch gambling market.

Regulator Kansspelautoriteit (KSA) have urged international gambling operators to block IP traffic from Dutch internet users and stop the processing of payment transactions relating to online gambling on their sites from any Dutch located bank. New industry guidance recommendations relating to national advertising and marketing standards for internet betting in the Netherlands were introduced earlier this year. A few months ago the KSA restricted advertising on all online gambling advertisements in print, digital, TV,  radio and other media in the country. It is legal for Dutch residents to gamble online, but only on websites hosted in the Netherlands.

An investigation was announced dealing with the use of the internet for gambling by minors in the Netherlands. In a statement KSA Vice Chairman Henk Kesler said: "That minors can participate in online gambling is unacceptable."

Regulating online betting in the Netherlands has taken years and the Upper House of Parliament is considering the Remote Gaming (KOA) bill which focuses on a regulate online gambling market.

The KSA has also stated that international online gambling operators that fail to comply with the new regulations will be blacklisted by IP providers and give up any rights to apply for Dutch online gambling licences when the country decides to fully regulate the industry.

The Netherlands like other countries that have attempted to stop illegal internet betting found it's almost impossible to police with as many as 450 online gambling websites still accepting bets from Dutch residents.

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Internet Betting Take Over Imminent

Looking for a thrill and not wanting got go out, turn on your phone and find a reputable online betting location but even better fire up your 4K television and play with the sound up. The notion that online gambling will replace the terrestrial casino environment like the ones all over the world some in exotic locations seems ridiculous when looking at the massive amounts of money already invested.

The online gambling experience is different is so accessible though there are some vague concerns that the pastime may take over. The world is becoming more digitized and virtual and the internet betting industry is growing in leaps and bounds. The terrestrial casino may be doomed to being inhabited by those who don’t have a smart phone. The huge cost of the terrestrial casino and people deciding travel is too expensive or time consuming are also markers for the demise of the big buildings and large staff.

The gambling industry is huge and people bet on everything. It is always great news to hear about the winners but very few want to hear about the squandering of fortunes. Last year it was revealed that David Milch one of the most creative writers in modern prestige television had done just that.  The creator of the classic shows NYPD Blue and the acclaimed western Deadwood, made a sizable $100m fortune during his forty year career and blew it all on betting.

Mr. Milch said to the U.K.’s Independent newspaper, “I would say gambling became a problem for me. It distorts relationships, the way you want to live.” He added,  “If you don’t realise when it has you in its grip, shame on you.”

The addictive personality is blind to their issues until the end of the line when the river runs dry and one’s life has changed forever.

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