New Bill Proposes Legalization of Sports Betting in New York

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On Wednesday, a new bill aimed at legalizing sports betting in New York was introduced thus adding New York to the growing number of states that have been pushing for similar legislation ahead of the landmark decision from the United States Supreme Court regarding the lifting of the nationwide ban of sports betting. So far, this bill appears to be the most serious attempt yet to legalize single-gaming wagering at gambling joints in New York.

The bill, that was introduced by State Senator John Bonacic, who also happens to be the Racing, Gaming and Wagering Committee chairman, seeks to have professional and college sports betting permitted. The bill further proposes that the state will be taking 8.5 percent from the casinos’ gross revenue – this could bring in an estimated $10 million to $30 million to state coffers every year.

However, the legislation remains dependent on how the U.S. Supreme Court will rule on the New Jersey bid to overturn a federal ban on sports betting that is still in effect in all but four states. Bonacic confirmed that New York will be backing New Jersey and the other states since they believe that sports betting in the United States will eventually be legalized.

“New York State has historically been behind the curve in dealing with developments in the gaming world, and it has been to our detriment,” Bonacic said in a statement. “If allowed, sports betting will be a revenue enhancer for education in New York. We have the chance to ensure our sports betting statute is fully developed and addresses the needs of the state and all stakeholders so we can hit the ground running if and when we can authorize and regulate sports betting.”

According to Sen. Bonacic, sports betting could be a great financial boon for the state, especially for education. Bettors in the United States make as much as $200 billion in illegal bets every year according to various statistics.

Zero Edge Is Set to Solve the ‘House Always Wins’ Problem

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With hundreds of online casinos springing up on the web each and every day, online gambling is as popular as ever and it is surging forwards rapidly as well. While their seemingly inexhaustible popularity cannot be disputed, online gambling has one major flaw that is tied directly to how many of the online casinos are operated.

If you are familiar with gambling, then the saying “The house always wins” must have flown by you a few times since it even dates back to the very first land-based casinos in Asia and Europe. This is a popular statement essentially because it is very true.

Zerocoin to the Rescue

“All casino games, whether they are found in traditional brick and mortar establishments or online, have one thing in common – the odds are always stacked against the player. Players might be winning for a short period of time and think that they cracked the code, but in reality, they are just “running hot” and sooner or later the variance will do its job to favour the house” explained ZeroEdge.Bet CEO, Adrian Casey. “Most of the players are unaware of the mathematical principles that make beating the casino virtually impossible. Therefore, our goal at ZeroEdge.Bet will be to educate players about gambling and prevent them from falling victims to its traps.”

Zero Edge Casino uses its own Zerocoin, its own in-house cryptocurrency in a bid to solve the age-old problem of the house always winning. This is going to be achieved by completely getting rid of the “house edge” altogether which essentially means that for the very first time in history, players will have a true and fair shot at winning the online games they play at Zero Edge Casino.

Zero Edge’s concept has already penetrated the European and the Middle East gambling markets and is now on the verge of completely taking the Asian online gambling market by storm. The online casino operator is essentially turning the casino industry on its head through the introduction of this revolutionary new and different way for online casinos to make profits without having to exploit their customers. The model instead focuses on profiting by increasing the value of the operator’s digital assets through wider adoption and utility.

To play at Zero Edge Casino, players must first buy Zerocoins but this is a fairly small price to pay considering the goodness of playing with the zero percent house edge that the online casino offers. As more players learn about this incredible offer, they will certainly buy into it which will increase the demand for Zerocoins and, in turn, exponentially increase the cryptocurrency’s value. Things are indeed looking up for the company, and for the rest of the online gambling community as well.

Leagues Push for a Cut of Sportsbetting Revenue May Deter It

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While sports betting in all other parts of the United States outside the state of Nevada is on the verge of being legalized, there are a couple of new developments that are likely to affect the process in a rather negative way.

According to Twitter’s vice president of Analytics, Jeff Ma, even as the major sports leagues like the National Football League and the National Basketball Association become aware of the multibillion-dollar opportunity that sports betting offers, their approach towards getting a piece of the will end up impeding the ability to lead gamblers away from illegal betting and offshore operators. Ma also said that the NBA, in particular, has proven to be “short-sighted” by requesting a 1 percent cut on all the bets placed on its games.

If you are unfamiliar with Jeff Ma you might be wondering what a Twitter VP has to do with online sports betting. Well, Ma was once one of the leaders of the infamous MIT blackjack team which inspired the movie 21 and a book titled Bringing Down the House. He is a renowned expert in the gambling industry and has an incredible understanding of how the professional sports leagues work or operate – he even once served as a consultant for the NBA’s Portland Trail Blazers and the NFL’s Francisco 49ers.

“Traditionally, a lot of the leagues are run by lawyers so they think about how do we protect our assets, they don’t think about how do we monetize our assets,” Ma said in an interview with CNBC during the MIT Sloan Sports Analytics Conference. “In this case, they are thinking protect and charge people money instead of focusing on the bigger opportunity down the road.”

In Ma’s opinion, a partnership between the professional sports leagues and the sports betting operators will definitely be a better alternative especially at the earlier stages of the industry’s growth after the ban on sports betting is lifted. He also pointed out that while the flat fee off the top that the leagues are advocating for could certainly be feasible in the long run, the market will need to grow significantly before that.

Operators in the Crosshairs as New Austrian Regulations Loom

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The Ministry of Finance in Austria is in the process of scrutinizing the Gambling Act in the country in a bid to introduce some new amendments that will certainly have a huge impact on the country’s local online gambling market. To be more specific, the revised Gambling Act would potentially ban all the foreign gambling operators and even go as far as requesting that the operators to refund the players for all the losses they have accrued at the said casinos for the past 30 or so years.

This Ban Is Not the Solution

Perhaps one of the most notable aspects of the revised Gambling Act is the proposition that the all the Internet Service Providers (ISPs) in the country should ban the IP addresses belonging to all the gambling operators that are currently operating different online gambling business to Austrian gamblers. Just like in Germany, all of these online gambling sites are not sanctioned by the state and it is, therefore, safe to say that they are operating in a grey area. As such, all those that have stopped or are planning to stop marketing their services and products in Austria are to be blocked.

This does not sit well with quite a number of people. Without reading too much into the situation, it is quite clear that the ban will effectively create a monopoly which will favour Casino Austria, which, as it turns out, is the only site that is licensed in Austria – Casino Austria is also partially owned by the Austrian government. Experts and avid followers of the casino industry believe that the move to ban other reputable operators will have negative effects on the industry and ultimately drive the gamblers to unregulated and unlicensed sites.

Even though it is rather obvious that the IP ban will go against the spirit of freedom for service provision in the European Union, the Austrian ministry of finance is hell-bent on seeing it through. This resulted in an idea that the ministry hoped would keep unlicensed foreign operators away and prevent them from trying to find a workaround to bypass the ban.

To be more precise, the ministry proposed that all contracts between players from Austria and unlicensed operators over the past three decades should be considered to be null and void. The operators would, therefore, have to return all player loses since the period stipulated by the proposed plan. Still, the legality and enforceability of this law are still highly questionable, the Austrian Ministry of Finance hopes that the threat alone will serve to keep foreign and unlicensed operators at bay.

There are a number of companies that are already getting ready to fight for their rights using all the legal resources they have. All of these operators have no issue paying their dues but they are not willing to allow the country’s authority take advantage of their power in order to create a monopoly something that even the European Union itself will not accept as well.

Stars Group Expands Sports Betting Business with CrownBet

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The Stars Group, PokerStars’ parent company is expanding their sports betting business with the recent purchase of 62 percent of the CrownBet Holdings Pty Limited for about $117.7 million. As per the terms of the sale, CrownBet founder and CEO, Rowen Bruce Craigie, now owns 38 percent of the company and will continue to operate the business. Currently, CrownBet is one of the most popular online sports betting operators in Australia.

CrownBet’s revenues rose from AUS$76.5 million in 2015 to AUS$2014 million (which is approximately $158.9 million) in 2017. Furthermore, unaudited EBITDA for last year came in at approximately AUS$7.9 million which is equivalent to $6.15 million.

“We are excited to enter the regulated Australian sportsbook market with CrownBet. CrownBet has become one of the fastest growing online sportsbooks in Australia through its strong management team, proprietary technology, mobile app, unique partnerships and market-leading loyalty program,” said Stars Group CEO, Rafi Ashkenazi.

CrownBet still owns the Betfair branded betting exchange business which means that it has not yet exited this particular facet of the market. CrownBet’s primary business revolves around the Crown Casinos that are based in Sydney, Melbourne, and Perth. The revenues from their online effort are still relatively smaller than what the casinos rake in but this should improve with under the new part-ownership with the Stars Group.

More to Come from Stars

At the moment, the Stars Group has already moved to recruit new sports bettors from its significantly huge online poker face. The company has been making use of cross-selling in order to maximize the amounts it rakes in from each and every one of its constituent businesses.

For instance, it is currently running a “Big Race” promotion that combines action with a race-themed poker tournament which is scheduled for March 4, followed by a Cheltenham Gold Cup horse race promotion set for March 16th.

Since CrownBet will be joining the Stars Group family of brands, a number of similar marketing efforts will be directed towards it so as to increase the range of services that the Australian market will receive from CrownBet.

Ellen DeGeneres Has Been Hosting High-Stakes Poker Games

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Turns out, Ellen DeGeneres is a poker freak. The talk show regularly hosts high-stakes poker games at the California home where she stays with wife Portia De Rossi, but only Hollywood’s top names are invited to play.

Wait, is it legal? Well, of course, the games are completely legal in California. Reportedly, Ellen’s poker games are pretty huge, sometimes racking up pots worth hundreds of thousands of dollars. However, the poker games have drawn so much attention since they show Ellen’s life outside her famous TV show – this is likened to her dark side.

According to Radar Online, the comedienne has a tendency of not holding anything back during the games – some of the participants of her poker games have described her as Dr. Jekyll and Mr. Hyde of sorts with poker being her medicine of choice. A recent invitee gave an account of how she was not able to keep up with the game and this earned her Ellen’s wrath and rage for supposedly ‘ruining the game.’ This frightened the guest and caused her so much grief that she eventually decided to fold her cards and get away from Ellen’s $18.6 million oceanfront property.

The invitee, whose identity remains undisclosed said that “The energy around the table was very tense. Ellen threw a tantrum, and her screams echoed through the halls as frightened guests looked on in sheer disbelief!”

Is Too Unbelievable?

Obviously, this is definitely not the image that DeGeneres has been portraying on TV ever since she began her stand-up comedy routines in the late 70s. It was about the same time that Ellen made an appearance on the Tonight Show Starring Johnny Carson in 1986. Since then, Ellen has appeared in a number of films including the massively successful Finding Nemo and Finding Dory animated film. She also starred in a self-titled show, Ellen, for 1994 to 1998 before jumping on to her talk show, The Ellen DeGeneres Show in 2003. Her Show has earned her 29 Daytime Emmy Awards alongside a Primetime Emmy Awards, two Grammy Award nominations as well as three more Golden Globes nominations.

Chelsea Handler, Melissa Etheridge, and Olivia Munn are some of the few Hollywood bigwigs who have been courageous enough to risk their pride by going against Ellen. All the attendees describe the games as tense and dark especially because they had to be careful not to step on the hosts, toes. Sometimes, she even throws objects in the room if things do not go her way.

Second Annual Live Gaming Summit: What to Look Forward To

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Since its rather humble pioneering start over a decade ago, live casino gaming has grown to be a vital component of the online gambling industry – the revenue statistics are proof of this. In fact, according to data provided by H2 Gambling Capital, by 2014 over 60 percent of the European Union’s regulated market’s Gross Gaming Revenue was generated by live online gaming. This already impressive revenue stream is expected to increase by 50 percent by 2020.

Owing to these outstanding financial statistics mentioned above as well as the tremendous market developments in the recent past, the Live Gaming Summit was conceptualized so as to bring together operators, providers, experts and many other stakeholders in the gambling community. This year on April 26th, the second ever annual Live Gaming Summit, is set to be held in Barcelona and will extend beyond discussions on online gambling to other key components of the gambling industry such as TV betting fantasy sports and land-based among many others.

It Is Getting Bigger

Many of the operators and suppliers who attended the recent ICE Totally Gaming Conference showed a great deal of interest in 2018’s Live Gaming Summit. Last year, close to a hundred visiting parties from over fourteen countries participated in the maiden edition of the annual Live Gaming Summit and they got to enjoy a number of sterling presentations as a well as an all-night networking opportunity.

As it stands, participating speakers from Ezugi, Evolution Gaming, Mr. Green, Unibet, and LeoVegas have already confirmed their attendance. With the diversity that the summit is promising this year, the summit has confirmed the attendance of representative from a number of AR and VR suppliers, fantasy sports providers, TV betting companies as well land-based casinos. Also confirmed to be attending are a decent selection of sponsors and media partners even though they are yet to be officially announced.

This year’s annual Live Gaming Summit will be hosted at the elegant Casino Barcelona which will still be running live action of its blackjack and roulette games. so, there is really so much more to look forward to.

Zeroedge Is Offering Esports Betting With Zero Commission

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The past few years have seen online sports betting grow tremendously which has eventually led it to its current state of being the leading form of online gambling in many parts of the world. Esports, a rather new and interesting niche in the world online sports betting, has also been increasing in popularity over the past decade and sooner than later it might be just as mainstream as the other sports leagues – it is already a close competitor to the leagues.

The Rise of Crypto Casinos

Cryptocurrencies have undoubtedly grown on nearly everyone in the online gambling space. However, Esports betting at emerging or established online crypto-powered casinos may not be already as polished as gamblers may desire but in most cases, the pickings are just slim – this is because not many of them are dedicated Esports betting operations.

Zeroedge online casino offers the solution to this problem with its cryptocurrency-based operation that also includes the casino’s own in-house unique cryptocurrency known as ZeroCoin. Zeroedge is one of the few online casinos that are exclusively offering Esports betting opportunities to bettors. To sweeten the deal, the casino further offers an unheard of and an unprecedented zero commission for all the games offered on the site.

Why Is Zeroedge Such a Big Deal?

Well, it is essentially the world’s first online casino that offers two unique advantages to the general online gambling community – the first being the fact that it runs exclusively on a cryptocurrency (ZeroCoin) and the second being that it will be offering a true zero percent house edge to its players. Most casinos usually stack the odds in their favor which makes it very difficult for players to win. Zeroedge, on the other and, does not profit from the losses that its customers incur and instead it benefits from the increased value of ZeroCoin, which is apparently Zero Edge Casino networks’ main economy driver.

Being that the casino offers zero percent edge on casino games, there has been an increase in demand for ZeroCoin which in turn has resulted in an increase in its value. Players are still able to play zero percent games as the price of ZeroCoin rises and they are also not required to pay any fixed amount of money in order to place bets. To achieve this sort of “free” gaming, players are subjected to a closed loop economy where the only requirement is that they buy the casino’s token with fiat currencies or other cryptocurrencies and since the supply of ZeroCoin is limited, its value is directly proportional t demand.

This is further facilitated by Blockchain & Smart contract technology which allow for the creation of a fully transparent and truly fair gambling ecosystem where players not only have more opportunities to participate but they are also offered true chances of winning while at the same time being part of a much larger community where social inclusion and mutual values are fostered.

U.S. Senator Demands Government Oversight over Loot Boxes

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Many gambling addiction experts, psychologists and state lawmakers in the United States are of the opinion that loot boxes are essentially a form of gambling hiding in plain sight and targeting minors. Loot boxes refer to the random assortments of prizes purchased by video game players who hope to acquire certain desired – and virtual – powers. This can be likened to the way people play at slot machines with the hope of hitting the jackpot. It is perhaps because such a comparison can be drawn that various experts are calling for government oversight as far as loot boxes are concerned.

It, therefore, did not come as a surprise when New Hampshire Democrat, Senator Maggie Hassan, made the first move towards the proposed loot box initiative in the U.S. It begun with a letter that she wrote to Patricia Vance, the president of the Entertainment Software Ratings Board which is responsible for designing the warning labels for parents and guardians on video game products. In the letter, Senator Hassan asked Vance to not only consider having a warning on product packages pertaining to the presence of loot boxes in the video games but also to have an in-depth look at the practice.

Senator Hassan further took up the issue with four nominees to the Federal Trade Commission during a hearing at the Senate Commerce, Science, and Transportation Committee.

“In the past, the FTC has looked at video games, specifically the impact of violence in games,” Hassan pointed out during the hearing. “Do you agree that children being addicted to gaming and activities like loot boxes that might make them more susceptible to addiction is a problem that merits our attention? And depending on how the ESRB responds to my inquiry, would the FTC be willing to look at loot boxes as an issue independently?”

All the Four Trade Commission nominees agreed to look into the possibility of examining federal oversight of loot boxes. This move has been hailed as a highly ethical and considerate one, especially by the gambling addiction community who have always considered loot boxes in video games to be dangerous predatory forms of gambling that target minors.

Here Is Why It Might Actually Go Through

Loot boxes came under the spotlight last holiday as a result of consumer outrage caused by Electronic Arts’ Star Wars Battlefront II players who complained about the way people who bought loot boxes had an upper edge over other gamers. The player backlash had such a huge impact on the sales and that it led the company to a damage control mode that saw it temporarily disable the loot box purchases.

However, both the ESRB and Electronic Arts have maintained that loot boxes cannot be likened to gambling since people who purchase them are not left empty-handed unlike in gambling where players are even given prizes that they are not interested in. Meanwhile, lawmakers in Hawaii have already begun to move legislation that will impact the way loot boxes are used. One of these legislations, if passed, will restrict the sale of video games with loot boxes only to person above the age of 21 and the other intends to make it necessary for special labeling to be included on the games that offer loot boxes.

Looking For Inspiration? Five Great Gambling Movies for You

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Everybody loves a good Netflix and chill; a romantic comedy, or maybe an interesting documentary. But sometimes all we (gamblers) want to see is the thrill of the pleasant and disobedient air of outstanding gambling movies, whether it is the witty ones, the more gritty ones or just the plain old slick type.

So, from the vast library of Netflix, we have found a few interesting gambling themed movies that are probably the best that the streaming service has to offer. Well, yes, of course, everybody has been making a fuss about some new blockbusters but that will soon pass, but the movies we are recommending are definitely worth watching twice. And if cinema is your thing then we have some honorable mentions for you.

  1. Donnie Brasco

To kick things off we begin with this movie which many people consider to be an absolute classic. Having a star-studded cast that includes a young Al Pacino and an even younger Johnny Depp makes the movie ooze of great and captivating storytelling. The movie is a dark, gritty timeless classic brilliance that should be at the top of your watch, depending on how fast you can get to it.

  1. Hoodlum

Featuring Laurence Fishburne, Tim Roth, and Vanessa Williams, Hoodlum is based on real-life events. The story is based on the activities of black gangs who battled it out with the Italian mob for control over the Harlem numbers racket in the 1930s. This falls on the grittier end but it does give some valuable life lessons.

  1. The Gambler

The title tells it all for this one. Starring Jessica Lange, John Goodman and Mark Wahlberg, The Gambler tells the story of a professor with huge gambling debts who then plots to win big by plotting with one of his basketball star students to save shots during a game. This one delivers more than just a captivating story as it openly portrays the realities of the gambling world.

  1. Win It All

This will probably turn up in Netflix search for ‘gambling movies’ and it indeed deserves a top spot owing to the brilliance that it boasts of. It stars Jake Johnson and the ever-amazing Keegan-Michael Key in an action-packed drama that sees the lead character eventually come out on top.

  1. What Happens In Vegas

What Happens in Vegas boasts of a truly outstanding cast consisting of the ever-brilliant Cameron Diaz, the magnificent Ashton Kutcher as well as the great Rob Corddry. It tells the story of two strangers who awaken to find that they have gotten married after a night of intense partying and hitting the Vegas casino tables.

And there you go folks. Have a great movie break. Just make sure you pay attention to the details – you might actually learn a thing or two.