Victoria, Australia to Ban Sports Betting Ads

Details

Created: Sunday, 21 August 2016 19:02

Victorian Government in Australia is looking to ban sports betting ads according to Gaming Minister, Marlene Kairouz.  In a recent interview, the State Government is looking to submit a proposal that would ban all sports betting ads that are near schools and in public transportation in Victoria, Australia.

Kariouz said that “What we’re wanting to do is ensure they’re no longer exposed to betting advertisements while they go to and from school each day.” 

A majority of the Australian population supports the ban according to the Gaming ministry as it would also restrict gambling advertisement in places that are frequently used by minors.

No details have been released as to which places would be banned but that they would eventually be worked out during the consultation phase.  According to the latest statistics, sports gambling problems have already cost the community of Victoria between $1.5 billion to $2.8 billion per year.

Read more: Victoria, Australia to Ban Sports Betting Ads

Daily Fantasy Sports Scrutinized by Congress

Details

Created: Thursday, 12 May 2016 14:57

On Wednesday, the U.S. Congress decided to study the legalities and the future of daily fantasy sports after months of individual legislative battles by several states.  This year, ten state attorney generals have ruled that daily fantasy sports that include fantasy football, fantasy baseball and such are in violation of state gambling laws.

In addition twelve other states like Missouri are actively considering regulatory legislation for fantasy football.  Yesterday’s meeting of the House Subcommittee on Commerce, Manufacturing and Trade became the first discussion regarding daily fantasy sports at a federal level.

Fantasy sports Games is a multibillion dollar business that is often advertised during the football, basketball and baseball season with DraftKings and FanDuel being the two largest Fantasy Sports companies leading the pact.  Oddly enough, their presence was not at the meeting.

Read more: Daily Fantasy Sports Scrutinized by Congress

Nova Scotia Gambling Revenue Up by $40 Millions

Details

Created: Friday, 22 July 2016 23:11

Good news for the Nova Scotia Provincial Lotteries and Casino Corporation as their revenue for their lotteries and Video Lottery Terminals has increased their revenue from $396.6 million in 2014-2015 to $441 million for the 2015-2016 year.

According to a press release from Thursday, CEO and President of the Nova Scotia Provincial Lotteries and Casino Corporation attributes the surge in revenue from big wins in the ticket lotteries and a sharp upward spike in revenue from the VLTs.

For the gambler, this poses some interesting questions about the coloration between the cancelation of the “My-Play” program, a program that targeted the deterrence of people with gambling addictions from playing which in reality only stopped people without any gambling issues from playing.

Read more: Nova Scotia Gambling Revenue Up by $40 Millions

Big Bonus Sportsbooks – Big Rewards & Even Bigger Risks

Details

Created: Monday, 02 May 2016 18:29

How to Play with a Big Bonus Sportsbook and Still Get Paid

Every year, about 100 new sportsbooks are created and every year about 95% of these companies go out of business by the end of the NFL season.  These are the new and small operations that give out 100% cash bonus or even up to 200% bonus in free play in order to get started.

For the veteran sports bettor, that is an offer that is too true to be good.  That is because of the legitimate online sportsbooks that have been around for over a decade and have a reputation for paying their players’ winnings in a fast and efficient manner only give out up to 30% bonus.

Despite these facts, thousands of sports bettors are still willing to take the risk of not getting paid on their winning because they do not know anything about the offshore sports betting industry or because they are willing to take the risk for a large possible reward.

Read more: Big Bonus Sportsbooks – Big Rewards & Even Bigger Risks

CRSportsBet.ag Adds Bitcoin and Ria to Its Banking Methods

Details

Created: Monday, 13 June 2016 15:06

San Jose, Costa Rica –CRSportsBet.ag, an online gambling and entertainment company based out of San Jose, Costa Rica announced today that it now offers Bitcoin and Ria Money Transfer as a banking method for all of its sports betting and gambling services.

Bitcoin was created in 2009 as a form of digital currency that can be exchanged through electronic devices like a smart phone and is used by over 100,000 businesses globally with well over a quarter and a half million Bitcoin transactions daily.

 Since its inception, the gambling industry has been pushing the use of Bitcoin because it is a centralized currency and is anonymous because Bitcoin transactions do not disclose any personal information.  In addition, it is not subject to the regulations and rules that conventional currencies are bound by.

Read more: CRSportsBet.ag Adds Bitcoin and Ria to Its Banking Methods

Missouri Fantasy Sports Bill Heads for the Senate

Details

Created: Monday, 11 April 2016 16:05

Fantasy Sports has gained in popularity in the last decade and in fact has paid out over $3 billion in fantasy sports winning in the last year and over $250 million in entry fees.  Missouri residents; however, are currently not allowed to play contests for prizes and fans of fantasy sports in Missouri are eagerly awaiting on whether or not the bill allowing them to legally take part in fantasy sports will be accepted.

The state House has just passed a bill that would regulate the fantasy sports industry and would require fantasy sports websites operating in Missouri to pan an annual $5,000 fee as well limit the laying for those under 18 years of age and not allow employees of fantasy sports sites to play with insider knowledge. 

This bill is known as HB 1941 and is currently on its way to the Senate for a vote.

Read more: Missouri Fantasy Sports Bill Heads for the Senate