Category Archives: Free Pokies

Sports Betting Legalization as Polarizing as National Politics, New Poll Finds



Sports betting legalization is on the minds of many state politicians across the country, and gaming companies are licking their chops at the potential prospect of taking bets on pro and college sports.

America is split on Donald Trump’s presidency, and the public also can’t seem to make up its mind when it comes to sports betting legalization.

But the topic of ending sports gambling prohibition in the United States and repealing the Professional and Amateur Sports Protection Act (PASPA) is about as polarizing of an endeavor as picking between Donald Trump and Hillary Clinton for president.

According to a new poll conducted by Seton Hall University’s Sharkey Institute, 46 percent of Americans support legalization, while 42 percent said it would be a bad idea. Thirteen percent of respondents said they weren’t sure where they stood.

Passed in 1992, PASPA bars states from allowing sports betting markets to operate. Nevada, Montana, Delaware, and Oregon were granted exemptions from the federal statute due to already having some sort of sports gambling when the legislation was passed, but today only the Silver State takes full advantage of its immunity.

Polling Positives

Though the sports betting legalization research shows that Americans today are divided, the consensus should tilt in favor of ending the ban in the coming decades. That’s because Seton Hall found that 67 percent of those aged 18 to 29, and Continue reading

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Frequent Fantasy Sports Bills Seek to Challenge State AG’s Stance on Legality



Texas received three daily fantasy sports (DFS) bills in quick succession this week, each aimed at legalizing and creating a framework of regulation for the contests.

Texas Attorney General Ken Paxton sparked a lawsuit when he opined that daily fantasy sports had been illegal under state law. A triple-pronged legislative approach from Representative Richard Raymond hopes to challenge that opinion.

The state missed down in the DFS legislation trend that appeared regarding the dockets of legislatures across the country in 2016 because of the fact that its legislative session is biennial, nonetheless it seems to be getting back together for lost time.

All the three bills is sponsored by State Representative Richard Raymond (D-Laredo). Their co-sponsors vary, as does the language of each bill, although they also chime in on many issues.

The three bills address the key preoccupations of legislators across the US, from player protections and operator registration fees, to the segregation of player funds as a body of legislation. Curiously, though, one bill ignores the latter notably crucial point altogether. Likewise, two bills would define DFS as games of skill, while one would not bother.

Representative Raymond is obviously hedging his bets.

The Letter of regulations

Raymond stated he hoped his triple-pronged approach would ‘clarify a confusing and law that is ambiguous affirm that dream sports are l Continue reading

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William Hill’s Largest Shareholder Needs Sale of Gambling Company



William Hill is once again at the center of merger speaks, but this time the business’s largest shareholder wants it to be the goal of a takeover.

William Hill is allegedly back on the trading blocks after the company’s chief stakeholder reportedly called for the group to find a potential buyer.

Parvus Asset Management, a London-based hedge fund that controls 14.3 per cent associated with the British bookmaking and gambling company, is apparently pushing William Hill to just accept a takeover that is qualified.

According to The Sunday circumstances, A uk weekend newspaper, Parvus believes William Hill should look to be acquired by, or merged with, another leading online gambling firm. Prospective suitors consist of GVC Holdings, as well as 888 Holdings plus The Rank Group, the two latter which tried to purchase William Hill summer that is last.

Both Parvus and William Hill declined to comment, but speculation is operating rampant in the united kingdom due to the hedge fund’s considerable power.

Founded in 1934 by the company’s namesake, William Hill today employs some 16,000 people. The bookmaker has 2,370 physical betting shops throughout the UK, which compliments its gaming that is online network.

Up to Parvus

It was just last October that the investment group publicly blasted William Hill’s potential aligning with Amaya, the Canadian-based business that owners PokerStars.

Parvus said at the time, ‘We highly e Continue reading

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Fantasy Aces Files for Bankruptcy, Can’t Pay Players



Fantasy Aces’ situation generally seems to be alarming for its customers who are unable to withdraw their funds. Then the states that have regulated DFS have a duty to prosecute if the stricken company has co-mingled customers’ funds with operating costs.

Daily fantasy sports (DFS) operator Fantasy Aces filed for bankruptcy this week after a rescue that is last-ditch by competitor Fantasy Draft fell through.

Alarmingly for players, it seems from the bankruptcy filing that the company is unable to pay a lot more than $1 million of players’ funds, and it has co-mingled customer money with its operating expenses.

‘The Fantasy Aces team truly regrets to announce we aren’t able to sustain our web site and company operations effective January 31st 2017, filing for protection under Chapter 7 bankruptcy law,’ the business told its customers on Wednesday.

‘After spending over a year wanting to secure long-term capital, including recent negotiations with two notable companies which subsequently neglected to shut, our company is left by having an unresolvable burden that is financial. We have unfortunately exhausted every feasible financial option with no success,’ the California-headquartered DFS company concluded.

Will Regulated Jurisdictions Prosecute?

Consumer protections additionally the significance of operators to segregate player funds was a major driving force behind states taking actions to regulate the DFS industry ye Continue reading

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