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Missourians will Vote on Legalizing Sports Betting in November

Details: Category: Gambling Industry; Created: Wednesday, 14 August 2024 13:09

It’s been a long time in the making and soon, Missouri might have legal sports betting within its borders. This is because Missourians will Vote on Legalizing Sports Betting after a campaign to put the issue on the ballot. For sports betting proponents, this is a great victory as legalizing sports gambling has been unsuccessful in the past.

According to Bookie News, the announcement on which issues would be in the November 5 ballot was made on Tuesday. This is when Secretary of State Jay Ashcroft’s office said a constitutional amendment to legalize sports wagering would be on the ballot. Furthermore, the vote for legal sports betting is one of 3 other issues Missourians will get to vote on in November 5. Other issues on the ballot will also include a minimum wage hike and abortion rights.

The proposal to legalize sports betting arises after the state legislature's repeated failures to pass such legislation in several sessions.

Despite interest from both Republican and Democratic lawmakers in endorsing sports betting, the initiative was consistently obstructed by Senator Denny Hoskins, who sought to link it with a bill aimed at legalizing video gaming machines.

The current proposal, designated as Amendment 2 on the ballot, is supported by various Missouri sports organizations, including the St. Louis Cardinals and the Kansas City Chiefs.

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Paradise Co’s Casino Sales in July Reached $45 Million

Details: Category: Gambling Industry; Created: Saturday, 03 August 2024 15:00

Casino sales in July at casinos owned by Paradise Co Ltd improved by 7.3 percent to $45.17 million. The company operates foreigner-only casinos in South Korea. However, its year-over-year revenue decreased by 1.3 percent.

According to casino pay per head experts, revenues from table games in July totaled almost KRW57.58 billion, or over 93% of the casino's total monthly revenues. The remaining roughly 4.47 billion Korean won came from sales of machine games. The total amount wagered in July at casinos, in the form of chips for games, was about KRW542.18 billion, an increase of 1.9% from the previous month and 2.3% from the same month last year.

Separate data submitted to Paradise Co's website indicates that VIP gaming accounted for most of the July casino decline. The company's casino drop for VIP play was KRW420.82 billion in the month, while the mass play accounted for KRW121.35 billion.

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Wolves are Partnering with BetMGM

Details: Category: Gambling Industry; Created: Wednesday, 26 June 2024 17:04

Wolverhampton Wanderers (Wolves) have recently revealed a fresh long-term collaboration with LeoVegas Group. Thus, the Wolves are Partnering with BetMGM as the official European betting partner for the upcoming two seasons.

This alliance further strengthens the already established bond between the Wolves and LeoVegas. The partnership began during the 2023/24 season with the inclusion of the LeoVegas brand on Wolves' training kits. Since then, the chose to take their relationship to an even higher level.

As part of this new partnership, BetMGM branding will be prominently showcased across diverse marketing platforms at Wolves' home ground, Molineux Stadium.

According to the press release, this includes the double-row pitch-side LED advertising system, static branding sites and media interview backdrops. The agreement further strengthens the bond between Wolves and LeoVegas, which originated in the 2023/24 season with LeoVegas branding on Wolves' training kits.

As part of the new collaboration, BetMGM branding will have a prominent presence on various marketing platforms at Wolves' home stadium, Molineux Stadium.

This will include the double-row pitch-side LED advertising system, static branding locations, and media interview backdrops.

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Legal Online Sports Betting in Nebraska Update

Details: Category: Gambling Industry; Created: Monday, 15 July 2024 18:31

Sports Betting in Nebraska has been legal since 2021. However, it is only available for in-person sports betting at retail sportsbooks. Thus, sports betting in the Husker state is very limited and gaming officials in Nebraska want to change that. According to the latest Legal Online Sports Betting in Nebraska Update, there might be a chance that it will happen in 2025.

A coalition of licensed operators in Nebraska has urged Gov. Jim Pillen and state legislators to engage in discussions regarding a proposed online sports betting bill. The bill has the potential to generate an extra $30 million in annual revenue, which could be allocated towards property tax relief.

Ho Chunk Inc., the parent company of WarHorse Gaming, is also calling on lawmakers to deliberate on legislation that would authorize a constitutional amendment during a special session scheduled for July 25th.

Furthermore, several lawmakers in Nebraska agree that online sports betting is worth considering. State Senator Terrell McKinney (D-North Omaha), among the mere 15 Democrats in the 49-seat Legislature, concurs with certain legislators in the Republican-controlled unicameral chamber agrees.

According to an interview with KETV, he said “We’re missing out because we want to be the ‘nanny state’.”

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Bloomberry Denies Reports on Thailand Casino Expansion

Details: Category: Gambling Industry; Created: Saturday, 01 June 2024 20:59

Bloomberry Resorts Corporation rejected rumors that it would construct a new casino in Thailand. Thus, the company has no current Thailand casino expansion plan. This came as the country moved to open a legal gambling market.

This week, rumors began circulating that Bloomberry chair and Filipino billionaire Enrique "Ricky" Razon may be considering entering the Thai market. According to a story on Bilionaryo.com, Razon reportedly expressed interest in establishing a resort casino in Thailand.

Now Bloomberry has fired back, formally removing itself from the reports by notifying the Philippine Stock Exchange. Legal gambling in Thailand, according to Bloomberry, is a commercial attraction.

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Oklahoma Sports Betting Bill Stalls in the State Legislature

Details: Category: Gambling Industry; Created: Saturday, 13 July 2024 09:49

The Oklahoma sports betting bill has hit a roadblock in the State Legislature, primarily due to Governor Kevin Stitt and the state’s tribes' inability to compromise. Matthew Morgan, chairman of the Oklahoma Indian Gaming Association, noted that despite the governor's backing, there is a distinct lack of enthusiasm for legalizing sports wagering in the state.

Morgan further highlighted that the 25 member tribes in his association have not seen any sincere efforts from state authorities to engage them in this matter. He also pointed out that sports betting offers poor profit margins. According to bookie pay per head experts, the tribal chiefs would be open to negotiating a contract within the boundaries of their current compacts. However, they are not interested in signing additional compacts or taking on more financial risk.

The US sports betting landscape changed significantly in 2018 when the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act. This act had long prohibited state-sponsored sports gambling, with a few exceptions. The court's decision came after years of unsuccessful attempts by Republican politicians to legalize sports betting. In November, Governor Stitt surprised legislators and tribes with his proposal to make it legal.

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Several US States are Considering More Sports Betting Restrictions

Details: Category: Gambling Industry; Created: Monday, 29 April 2024 14:08

Several US States are Considering More Sports Betting Restrictions When it comes to legal sports betting, the U.S. is a fairly new player in the sports wagering industry. This is because sports gambling has only been legal for 6 years since the repeal of the PASPA Act. Today, 38 States have legal sports betting with more to come. However, it has also brought a number of new problems to the table. Thus, several States are Considering More Sports Betting Restrictions to combat these gambling-related issues.

As the sports betting market matures in the U.S., we will see more sports betting regulation as more problems arise. At the moment, the sports betting restrictions that have been trending are the use of credit card for gambling and college prop bets. Thus, a few states, concerned citizens, and lawmakers have been bringing up these issues and want something done about it.

According to gambling analysts, this is a normal course of event for any country that has made gambling legal. In fact, the UK and other countries that have had legal sports wagering for years have already gone thru these changes in gambling regulations. However, they are by no means perfect. For example. The UK have had a regulatory body for only 24 years despite sports betting being legal since 1960. Thus, they are still in the learning process.

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