Research and Markets: Research Report – Global Online Gambling & Betting Market 2014

In

South Africa, online gambling awaits legalization in 2014.

In the largest Latin American market, Brazil, gambling and betting is

forbidden except for horse racing. Progress in online betting regulation in Germany is

expected in 2014, as several operators have applied for the first online

sports betting licenses.

In France, online gambling and betting has been legal since 2010, but

many gamblers turn to illegal sites. This ensures that the

content of the original studies is correctly interpreted.

About Research and Markets

The regulatory landscape on online gambling and betting is varied. The first

regulated online gambling website in Kenya was launched in 2013. The global online gambling market has a current value

estimated at a medium double digit number in billions of Euros, with

growth expected between +7 and 10% annually in the next few years.

Trends in online gambling and betting.

- 888 Holdings

. Mobile gambling is expected to grow at double-digit

rates and to reach over 40% of the total online gambling market by 2018,

as the number of mobile gambling users increases by a hundred million.

- William Hill Online

- The author’s international employees research and filter all sources

and translate relevant information into English.

The authors observe: while land-based lottery and casinos still dominate

the gambling scene, online real-money gambling and betting are growing

rapidly.

- The authors provide secondary market research: By using various

sources of information they ensure maximum objectivity for all obtained

data. Total online gambling revenue in Italy

recently reached a high number in hundreds of millions of Euros, with

poker constituting the largest segment.

The major trends in online gambling and betting globally are mobile and

social gambling.

- Paddy Power

Online gambling and betting is spreading in the Asia-Pacific region. Among the findings of the reports

researchers is that the online gambling and betting segment is

increasing, enhanced by the spread of smartphones and tablet computers. For example, a quarter of poker

players chose to bet on unregulated networks.

Companies Mentioned

The leading online gambling and betting companies worldwide include

PokerStars, Bwin.Party, William Hill Online, each of which annually

generate online revenues of over EUR 0.5 billion.

Global Online Gambling and Betting Market 2014 depicts the latest trends

and developments in the field. However, offshore gambling websites

are popular among Brazilian gamblers, who spend several hundreds of EUR

million annually on offshore sports betting sites.

For more information visit http://www.researchandmarkets.com/research/pwjr2j/global_online

- PokerStars

- Ladbrokes

In North America, online gambling was legalized in three US states by

early 2014, with online gambling revenues surging to millions in the

first months of legal operation.

- Bwin.Party

- Betfair Group

- These market reports inform top managers about recent market trends

and assist with strategic company decisions

Europe has been a leader in adopting regulation regarding online

gambling, but as the activity spreads, new measures are being enacted.

Regulation of online gambling and betting in Germany and Russia lag some

of their neighbours. In North America and major Asian

countries online real-money games are yet awaiting progress in

regulation. In

Australia, which leads the world in terms of per person gambling, online

sports betting and gambling has been growing by over 30% annually, while

the growth of the total gambling market does not exceed 5%.

Regional variations in legislation and acceptance of online gambling and

betting

Product Information:

- The analyses, statistical reports and forecasts are only based on

reliable sources including national and international statistical

offices, industry and trade associations, business reports, business and

company databases, journals, company registries and news portals.

DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/pwjr2j/global_online)

has announced the addition of the “Global

Online Gambling & Betting Market 2014″ report to their

offering.

Italy has one of the most advanced regulatory arrangements regarding

online gambling in Europe. In the USA, online gambling is legal only in three states

and in many Asian countries gambling and betting is allowed only in

casino resorts.

Research and Markets is the world’s leading source for international

market research reports and market data. As a result companies get a precise and unbiased impression of the

market situation.

The spread of online betting and gambling is forcing governments to act

to regulate. We provide you with the latest

data on international and regional markets, key industries, the top

companies, new products and the latest trends.

Online gambling is only starting to emerge in Africa. The

majority of Western European countries have some laws in place to

channel online gambling and betting

Please, Someone, Cast Him In A Science Fiction Movie

But that was a moment where there are a lot of auditions and trying to put people together to make that cast work — but when he asked me to make the movie, I realized that my world was going in that direction of making movies. But we’ll have to wait to see him in a galaxy far, far away, because right now he’s promoting “Arbitrage,” out Friday, in which he stars as Robert Miller, an über-wealthy hedge-fund executive frantically trying to keep the pieces of his complicated life from falling apart. He’s trying to make everything right while not going to jail, which seems reasonable. I like the movie. And you’re not exaggerating.

No! I lived with that! And I’m proud of it. It’s early in the film, but we don’t see that coming. The only vaguely sci-fi thing I did was “Mothman Prophecies.” Not a terrible movie. We were carried away by the story, watching it.

So Michael Fassbender does a movie like “Shame” and that leads to something like “Prometheus.” I feel like you never went down the sci-fi or action-movie role. There’s some things in that that are … This is a movie with an independent distributor. A studio picture. But I’m really proud of that movie. The things he does are human.

I liked it because when I first read the script it resonated with Bernie Madoff and Ted Kennedy … But sci-fi? Yes. Morgan …

Yeah. and said, “Let’s make this movie.” It’s “Days of Heaven.” That, to me — it didn’t have anything to do with anyone else; it had to do with me. Unfortunately, the companies that make movies don’t make these anymore. This person doesn’t work.

Somebody, please cast Richard Gere in a science-fiction movie! Sure, it’s hardly the first genre that comes to mind when you think of the suave, intellectual star of “Pretty Woman” and “An Officer and a Gentleman,” but he says he’s game. But he made one horrible decision. Lasse Hallström is, too. The best people working in Washington came through his office. The Jamie Dimons of the world are more relevant. It’s the hubris of, “I can’t lose. 7)

He does some terrible things.

Yeah, but we all do. You don’t get along. And if I do, I’m going to fix it because I’m a lord of the universe.”

But it was there.

It was there, but that’s one of the bizarre things about this. I said, “Applesbee? “Applebee’s? What is it?”

And then the car accident that results in the death of his girlfriend happens.

It went well, so thank you. And who wouldn’t want to see the man who taught Julia Roberts how to be classy shoot lasers at an invading army of mutants?

I was worried this movie was going down that Bernie Madoff-type road, but that’s not what this is at all. I certainly have had very few times, but I’ve had times where an actor and I did not fit. Nick and I made a point of that because, when we made the movie, it was so much on everyone’s mind — this was a year and four months ago. Do you ever feel a film is not going well?

Usually, what happens is you’ve gone over the script a million times and you go in really feeling confident about your script, [but then] you’re shooting and you realize that this scene doesn’t work. And that’s what I liked about it. And that’s more like this character. I’ve worked in Washington now for almost 30 years. A certain blockage comes up. That’s why you’re rooting for him. Everybody does. “The Hoax” is one of my favorite movies that I’ve made, and very few people have seen it. But sci-fi is something that interests me a lot, and that’s one of the genres that, for whatever reason, I haven’t been in.

Around the era when you were doing “American Gigolo” and “An Officer and a Gentleman,” nothing like that came up?

This comes down to scripts, you know? There are good version, there are bad versions. What do you do in that situation?

Well, let’s assume he didn’t mean to do any of it. So I think we did achieve that in places in that movie. The scene in the park with my daughter, where I explain to her what happened — I certainly spin it in my favor. At all. It’s large compromises with ethics and morality the guy does, but it’s all within the realm we all do. It’s not a festival movie by design. And I wanted to be genuinely creepy. And I think that’s why, in a way, we root for this guy and we identify with him. This isn’t a festival movie.

The topic came up during a discussion of “Star Wars,” which — hard as it may be to picture — Gere saw in theaters back in 1977. But you’d never see it in the film.

What movie was most important to your career? “An Officer and a Gentleman” or “Pretty Woman”? Or maybe “American Gigolo”?

It was the first one, for me. So I liked that gray area of someone like that, and adding that to the financial thing, to me, was the perfect storm of a character for two hours. Not tricky creepy, but sick creepy. Whether it would communicate to other people? I didn’t have a clue. But you’ll never see it in the film. The guys who make big bets and win.

But there’s already a lot going on.

I think it took you off of that one track that, maybe, you felt like, “I know this very well.” You don’t see it coming.

‘Bachelorette’ (Sept. And I said, “OK, let’s just do it head-on.” And we talked a little bit about him, [how] he’s a sociopath, he’s crazy. The first feature from writer-director Nicholas Jarecki, “Arbitrage” also stars Susan Sarandon as Miller’s wife, Brit Marling as his daughter, Tim Roth as a hard-boiled police detective on his trail and Nate Parker as a family friend who pays a heavy price for helping Miller in his hour of need. And either it doesn’t fit the story or it’s written all wrong or something, and you get a sense that there’s something that’s not really happening. You can contact him directly on Twitter.

It’s creepy, though.

It’s creepy. This is like “Coriolanus” or something — “Richard II.” Big characters. That script came to me about two or three years before, and I read it and said, “This isn’t for me.” I didn’t get it. And then I read it and thought, What was I thinking? This is perfect.

So that was a surprise?

The degree that that has been embraced universally, the whole planet …

Maybe that’s for the best.

I’ve never conceptualized a career.. I kept saying the line wrong. We all make bad decisions.

Kirsten Dunst, Lizzy Caplan and Isla Fisher star as the three worst bridesmaids this side of Kristen Wiig in “Bachelorette.” Based on the stage play by director and writer Leslye Headland, the hilarious film debuted on video on demand and iTunes in early August and earned nearly $500,000 during its first weekend.

After the accident, Robert flees the scene. Horrible, horrible decision. I remember Julia and I saw it together in a preview and we were sitting next to one another laughing and moved with everybody else. Except for maybe “The Jackal.” Did that interest you?

The action thing was not an interest to me. So this stands out, in a way, as being: “Wow, this is a rarity.”

When you’re filming a movie like this, can you tell if things are going pretty well? Or even on “Pretty Woman” or “Unfaithful,” do you feel, “People are going to like this”?

“Pretty Woman,” yes. He broke the law in a big way, but it’s understandable. But, in the end, they were in the realm of rational business. He just lost the bet. It’s a movie that Sidney Lumet would have made in the 70s. What’s the fault? These are Shakespearean characters. We used to have a line where I talked about Madoff. On a human level, who would just run away from that situation? How many people would have just run away? Very few.

That was my first date. The mix of people and story, and the way Garry Marshall was able to kind of corral it within his worldview, felt really good. not a great movie.

Can you give an example?

No. I’ve never — those few instances, it didn’t show up on film.

My favorite line in “Arbitrage” is when Robert asks, “What’s an Applebee’s?”

[Laughs] Do you want to know the truth? I didn’t know what it was. They’re working on human-rights stuff, they’re working on health stuff, they’re working on civil-rights stuff. But he’s not as relevant anymore. We all shave taxes — white lies to our wives and lovers. When Lasse called me up and said, “Look, I’m involved with this movie,” I said, “I read that script.” And my first thought was, No, it’s not for me.

The CEO of J.P. Terry Malick called me up in my hotel in L.A. It’s the guys who are winners. It’s creepy. He made a big bet and he lost. They really are. Chappaquiddick. And Ted Kennedy was one of the most responsible Senators that we’ve ever had. None of us did.

Ahead, Gere explains why his character isn’t really like Bernie Madoff, remembers watching “Pretty Woman” with Julia Roberts and singles out the movie from his past that still means the most to him.

So you’re feeling, “I don’t know about this”?

Yeah. And either I wasn’t open to it in the moment or, who knows? A movie like that, it was just timing of when a script comes.

Well, he’s not a sociopath — that’s a different universe. So it’s just really well-made on all levels: It’s well-conceived, well-written, well-acted, well-shot, scored. It was made with independent money; it didn’t have a distributor when we made it. These other things, I don’t really think about it, to tell you the truth.

Am I a bad person because I’m rooting for him to succeed?

No.

That’s true. So I’ve never thought about the marketplace at all, honestly. The best people were trained in his office, came through the stuff he was pushing and working on his entire life. I was 15 and had to sneak in by buying a ticket to “Teenage Mutant Ninja Turtles” instead.

[Laughs] How did the date go?

For some reason, I can’t picture you in a theater enjoying “Star Wars.”

I remember it very well! I remember sitting there at an early showing of “Star Wars,” and the first time that the going-at-light-speed thing happened — which was new; now it seems silly — that was like, “Whoa!” I remember that very well.

Mike Ryan is senior entertainment writer for The Huffington Post. Not the ones who Ponzi scheme and lie.

When you were coming up as an actor, what movies did you see? Did you see “Star Wars” with everyone else in 1977?

Sure.

**SPOILER ALERT: Skip the next three questions and answers if you don’t want to know about a key plot point that happens early in the movie.**

“Arbitrage” played at Sundance and didn’t come out of the festival with the hype of something like “Beasts of the Southern Wild.” Can too much festival hype be a bad thing?

Well, you know, that was a festival movie

Dr. Bob’s College Football Best Bet

My math model and situational analysis combine to help me find those games in which public perception strays too far from reality, and I’ve profited from that over the years.

Riley’s teams have a habit of starting the season slowly, but the Beavers tend to get hot in October and stay hot. I’ll start with one of my Best Bets for this weekend’s college football. This makes it possible for me to find point spreads that are significantly different than what they should be, which is called line value.

I’ve used my talent for statistical analysis to come up with mathematical models that have proven to be far more advanced than what the Vegas odds makers are using. I also study performance patterns to find situations in which one team may be more ready to perform at a high level or to perhaps suffer a letdown following a good performance or two. In addition to the favorable team trend, my math model gives Oregon State at 56% chance of covering at -13 points based on the math alone. There is no doubt that Oregon State’s good attack (5.7 yppl against teams that would allow 5.0 yppl to an average team) will be able to score a lot of points against a horrible Washington defense that has allowed 6.5 yppl or more in 8 of their 9 games. The public tends to focus too much on recent performance of a team rather than their long term performance level. The only reason Washington won that game was because they did not commit a single turnover while USC turned the ball over 3 times with 1 interception and 2 lost fumbles. The lack of public understanding of variance is what creates the line value.

The strength of Washington’s team is their offense, which rates at 0.7 yppl better than average and the Huskies do have a 0.4 yppl advantage over a good, but not great Beavers’ defense (5.6 yppl allowed to teams that would average 5.9 yppl).

. However, more often than not teams that are playing well above expectations (i.e. The likelihood of covering is enhanced by technical analysis favoring Oregon State and I recommend a play on the Beavers at -15 points or less.

In addition to posting game analysis I also plan on writing about other sports topics, some betting related and some not.

For instance, a mediocre team may win 2 or 3 games in a row in seemingly impressive fashion and the price you have to pay to bet on that team may go up because of it. However, Oregon State has a 1.8 yppl advantage when they have the ball and that Beavers’ attack is improving, as is usually the case with Mike Riley coached teams. I’ve had good success over the years with my predictions and my analysis influences the point spreads around the world, as chronicled by the Wall Street Journal and ESPN. In fact, Oregon State is 40-17 Against The Spread (ATS) from game 5 on, including 4-1 ATS this season.

For analysis on all of this week’s NFL and College Football games visit my site at drbobsports.com.

OREGON STATE (-13) 42 Washington 21

Saturday, November 14 – 3:30 pm Eastern Time.

Washington’s early season 16-13 upset of USC thrust the Huskies into the national limelight and created a situation in which they were overrated.

As it turned out, Washington has proven to be a bad team that has been out-gained 5.5 yards per play to 6.8 yppl this season and the Huskies are so bad that they managed to lose to a mediocre UCLA team last week despite being +4 in turnover margin. covering the spread) in recent games tend to come back down to normal performance levels just when the public sentiment has led to an adjustment in the price to bet on that team. Washington was out-played in that game, averaging just 4.3 yards per play (yppl) while allowing USC, with their backup quarterback, to average 6.6 yppl.

You know that gambling has become more than accepted in America when the greatly respected Huffington Post sets up a blog for a sports handicapper.

I’ve been giving sports gambling advice professionally for 23 years, since my days majoring in statistics at UC Berkeley.

The point spread should be viewed as the price it costs to “buy” a certain team in a game, and that price is heavily influenced by public perception rather than reality. Interceptions are 65% random and fumbles are 90% random in college football, so that upset win over USC was nothing more than random positive variance for Washington which hid the fact that Washington was badly out-played by the Trojans. The “hot” streak usually turns out to be nothing more than random variance

Richard Gere, ‘Arbitrage’ Star, On His Sporty Past

We knew Richard Gere had a whole life before his star-making role in “American Gigolo,” but we didn’t know it involved a pommel horse.

His gymnast past impressed more than just us — his 12-year-old son, while watching the Olympics with his dad, was shocked to find out Gere used to pull off the same feats as the guys on TV.

Gere has since followed other pursuits; while he’s better known for acting, Gere and his wife also run a Relais and Chateaux, a boutique hotel and restaurant. To hear more about Gere’s first job, watch the video above.

“There’s a picture of me [at home] having just done a dismount — I was actually looking pretty good,” Gere said. It’s not his first time working in food services. “He was very impressed that his dad had been a gymnast.”

“I’m not pro sports gambling. I’m just a realist.”

I will say that certainly all of them … He spent time overseas growing the NBA’s brand, giving him a vantage point to see how legalized gambling worked in other countries. That’s the pragmatic approach.”

PERHAPS THE BEST Silver can hope for from other commissioners is a new view of sports betting as a possible “frenemy.” It is tricky, after all, for the leagues to embrace something they’ve long denounced for its impact on the “integrity of the game.” It would also be naive to think that this is all about the sanctity of the results. So were politicians. was “inevitable” because cash-strapped states need the revenue.

U.S.

Leave it to Mark Cuban to be frank about that aspect of the NBA’s support for legalization. Specifically, New Jersey Gov. On the one side are those who tell you that’s the way it’s always been done, and on the other are those who urge you to change and adapt.

In November 2011, New Jersey voters had overwhelmingly approved a referendum to legalize Las Vegas-style sports betting at racetracks and casinos across the state. But the state didn’t give up.

In the meantime, Silver is willing to take the lead on an issue that some liken to the legalization of marijuana — socially acceptable but mostly illegal. “I felt the need to explain why I had made other statements acknowledging that I thought sports betting should be legalized,” Silver says. “Yet at the same time, we were opposing the New Jersey legislation in multiple court actions. The case is headed to the Third Circuit Court of Appeals this spring.

When asked about the support he’s getting from other leagues, Silver says, “I have talked to the commissioners in the other leagues about it, and I leave it to them to make any public statements they want to make on it. But the timing of the op-ed allowed him to address another seeming hypocrisy: Just one day prior to its publication, the league announced a deal with a successful daily fantasy operator called FanDuel, which boasted some $621 million in entry fees last year alone. Regardless of public positioning, all the leagues are actively planning for a new gambling reality. The best way for the league to monitor our integrity is for that betting action to move toward legal betting organizations, where it can be tracked. “The league and many of our teams are actively engaged in the so-called daily fantasy business,” Silver says. While the NBA is still fighting in the courts to keep New Jersey from setting up its own sports-betting operation, three other states (New York, Indiana and South Carolina) have introduced similar bills this year, and a Minnesota state representative, Phyllis Kahn, has told ESPN that she’ll be introducing a sports-betting proposal early in this legislative session.

The timing of the column, of course, was calculated. “My greatest concern,” he says, “is that there will be, in essence, a hodgepodge of regulations controlling sports betting that will vary from state to state, jurisdiction to jurisdiction, and will make it increasingly difficult to monitor betting on our very own sport.”

The evolution of Silver as gambling realist in many ways began in 2006, after he took over the league’s international operations as deputy commissioner. But I think that league policy was formulated at a time when gambling was far less widespread — even legally.”

Cuban has suggested that one way of monetizing that interest is to charge sportsbooks and casinos licensing fees to use the league’s data. team owners. And publicly, it did. “And while I wouldn’t categorize that as sports betting, on the continuum of no betting at all and legalized betting, it’s certainly on the spectrum.”

With the proliferation of casinos and state lotteries, the instant gratification of the Internet and the boom in daily fantasy sports, betting was becoming part of mainstream America. And the NHL and MLB are both currently partnered with daily fantasy sports operator DraftKings.

And so after taking over for Stern last February, Silver wasted little time implementing his approach. Just 88 days into his tenure as NBA commissioner, on April 29, 2014, Silver banned Clippers owner Donald Sterling in a four-minute proclamation on national TV, his willingness to stand alone in full view.

Stern began thinking along the same lines. You don’t have to be a cynic to think that the leagues and their owners want a piece of that very big betting pie.

THEN CAME SILVER’S op-ed. One week later, the NBA was due back in court as part of its ongoing fight to prevent New Jersey from making sports betting legal.

Silver says he hasn’t set a timetable for the day when we can legally bet on a Cavaliers-Heat game. “We have studied the New Zealand model and other models in other jurisdictions,” he says.

Through it all, Silver has remained steadfast that legal sports gambling should be addressed first on the federal, not state, level. In England, bets can be placed on a smartphone, at a stadium kiosk or even using a TV remote control. In 2009, the then-commissioner told Sports Illustrated, when asked if legal sports betting would be in the NBA’s best interest, “It has been a matter of league policy to answer that question no. “As someone who attends an enormous number of games, I’m often hearing fans talking about it,” Silver says. All of them have assigned people to study the issue intensively.

” — NBA commissioner Adam Silver

So it is, then, that for now, at least, Silver seems comfortable standing alone as the only acting U.S. In March, two NBA attorneys attended a mock sports-betting trial put on by gaming attorney Jeff Ifrah at iGaming North America at Planet Hollywood in Las Vegas. I’m glad Adam is putting the hypocrisy behind us and putting it all up front.”

In September, Silver told an audience at a Bloomberg sports business conference that expanded legalized sports betting in the U.S. MLB declined to comment for this story, and the NFL refused to even reiterate its anti-legalization stance. … commissioner to publicly support legalized sports gambling. It could have continued to treat sports betting as the enemy that for as long as anyone could remember had threatened the very fabric of the game. It saw how all that interest, as well as action from illegal offshore betting sites, fueled NBA fandom, and it realized it needed to have a seat at the table — the better to monitor and monetize those burgeoning passions. I needed a forum to make it clear.”

The Donaghy revelation became the ugliest gambling scandal to hit an American professional sport since at least Pete Rose’s banishment from baseball in 1989 and perhaps since the Black Sox threw the 1919 World Series. The illegal market across sports? Try 132 times that — an estimated $138.9 billion, according to the American Gaming Association. A 2007 letter signed by all general counsels of the major sports leagues and the NCAA, including NBA vice president Rick Buchanan, stated, “The harms caused by government endorsement of sports betting far exceed the alleged benefits.”

SPORTS IS AN ongoing contest between two forces: tradition and innovation. That’s when Silver says he began to realize the need for a response. Or on Silver, who gained extensive knowledge of foreign revenue models during his time overseas. Actually establishing a legal framework is another. In those meetings, sources with direct knowledge say, contingency plans were formed in preparation for the day sports betting is legal outside of Nevada.

This story appears in ESPN The Magazine’s Feb. District Judge Michael Shipp ruled in favor of the leagues. And in New Zealand, sportsbook giant TAB paid more than $5 million last year in commissions to the leagues it takes wagers on. “But I view myself more as pro transparency. As we became more of a global company, I began to think about what our policy should be here.”

The NBA’s pivot point on legalized gambling appeared in a Nov. But you can bet all interested parties — the other leagues, the states, the bookmakers, the bettors — are following the developments as closely as they would a point spread.

But multiple sources with direct knowledge of meetings between the leagues believe the NHL is much more open to legalization than Bettman’s comments indicate. “We have always known betting, fantasy leagues and daily [fantasy] sports have driven interest and viewership,” wrote the Mavericks’ owner in a recent email exchange with The Magazine. In that dark moment, the NBA could very well have hunkered down and waited for the dawn. Deitch prevailed.

Privately, though, the league was watching — closely — as the Vegas market and legal daily fantasy sites were growing exponentially. There also have been other, more private confabs involving high-ranking advisers to the leagues. He’s relaxed, though not unguarded. Once again, the leagues sued and won. “I am very sensitive to people thinking that I’m not understanding of the downsides,” he says. The other leagues have — at least publicly — not wavered from their anti-legalization stance after the op-ed. That’s yet another reason I think it needs to be closely monitored.”. In 2013, $1.05 billion was wagered legally on basketball, combining the professional and college levels. Attorney Harris Fischman examined major U.S. In September 2012, the NFL convened a forum in collaboration with other pro leagues, the International Olympic Committee and the NCAA to discuss best practices, law enforcement resources and the gambling industry. “We did everything possible to encourage it while publicly condemning gambling. Does it become a vehicle for betting, which may in effect change the atmosphere in the arenas?”

Nine months later, on a cold January afternoon on the 19th floor of league headquarters in Midtown Manhattan, with Hot Chocolate’s “You Sexy Thing” playing, Silver is loose and joking, all the while being prepped for his cover shoot. The “defendant,” “Ginger McKenna,” was accused of facilitating illegal sports bets. In some areas of Australia, for example, sportsbooks pay fees to leagues based on the gross revenue made off the wagering of the games. It studied and researched and planned behind closed doors before it made its move. In 516 words, he diagnosed the reality of sports betting in the U.S.: Federal and state laws are not stopping anyone from betting. And when it did, it was not subtle.

His time overseas coincided with the Donaghy scandal and the revelation, as Silver puts it, “of how important it is to have a way of monitoring irregular activity in our games.” He adds, “None of the systems we had in place had captured any betting by Donaghy.”

Studying models is one thing. Chris Christie, who in 2012 began pushing to legalize sports betting in his state by challenging the Professional and Amateur Sports Protection Act (PASPA) of 1992, the federal ban on state-sponsored sports betting. The NBA deal also included an equity stake in the company. But Adam Silver has proved otherwise. (One study by Nevada gaming company Club Cal Neva projected a possible windfall of $50 million for Atlantic City casinos if betting was legalized.) But the leagues — the NBA, NFL, NHL and MLB — and the NCAA sued, claiming that the state was in violation of PASPA and that the perception of the integrity of the games would be damaged if New Jersey began taking legal bets.

The bald 52-year-old man in glasses and a conservative dark suit doesn’t look like an agent of change — especially with the 1970s soul music playing in the background on the set at a recent photo shoot for The Mag. The move made sense to many in New Jersey, where ailing gaming and racing industries were causing financial strain. “One of my concerns is that I will be portrayed as pro sports betting,” he says. But that’s not to say he and the NBA are the only ones re-examining their approach. gaming laws, including PASPA and the Wire Act, which prohibits any betting activity that includes wire transmissions. “Then we began getting approached by sports-betting companies outside of the United States, where it’s legal, to do business with them. Billions of dollars are being illegally wagered on sports, almost all online. Subscribe today!

The opportunity for additional streams of capital from sports betting can’t be lost on U.S. 13, 2014, editorial in The New York Times, penned by new commissioner Adam Silver: I believe that sports betting should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated. “In light of these domestic and global trends,” he wrote, “the laws on sports betting should be changed. Included in the forum, which wasn’t open to the public, were talks with law enforcement officials, gaming regulators, addiction specialists and even a former student-athlete caught up in sports gambling. She was represented by Ifrah, while David Deitch, a former Justice Department attorney, represented the government. “We’re still in the monitoring stage,” he says. “I recognize that it can be very damaging to a person or a person’s family, just like other substances of potential abuse taken to extremes. have assigned people in their organizations to study the issue intensively.”

A united front among all the leagues would certainly help Silver’s cause for a federal solution. “Even if they’re not betting, they’re highly aware of the betting line and over/unders.”

Fans weren’t the only ones talking about it. The title of the exercise? “As Close as You Ever Want to Get to a Federally Prosecuted Sports Betting Trial.” In it, Assistant U.S. 16 Gambling Issue. Congress should adopt a federal framework that allows states to authorize betting on professional sports, subject to strict regulatory requirements and technological safeguards.”

I have talked to the other commissioners about it. And someone who’s a realist in the business. Gary Bettman, the longtime commissioner of the NHL, told CNN in November after Silver’s op-ed was published: “I think there needs to be some attention paid to what sports is going to represent to young people. “As we began to stage exhibition games in Europe and China and jurisdictions where sports betting was legal, it caused me to focus more on this than I had historically,” Silver says. In September 2014, citing a loophole in the Department of Justice’s language about violations to PASPA, Christie issued a directive to legalize.

THE NBA’S DARKEST hour can actually be marked by a single moment, concentrated down to the uttering of a sentence.  “I can tell you that this is the most serious situation and worst situation that I have ever experienced either as a fan of the NBA, a lawyer for the NBA or a commissioner of the NBA.” That was the lament of then-commissioner David Stern during a July 24, 2007, news conference announcing that referee Tim Donaghy was under federal investigation for betting on games

12 Effective Tips to Get Rid of Gambling Addiction

Here are some useful tips regarding lifestyle changes to get rid of a gambling addiction.

‘Problem gambling’, also known as ‘ludo mania’, can destroy the life of the gambler and also of his/her family members. Gambling addiction is referred to as ‘compulsive gambling’ or ‘impulse-control disorder’, where the behavior of the gambler is similar to that of a person who has substance addiction.

When an individual realizes that gambling is destroying his family and social life, he thinks of quitting, but in just a few hours or within a couple of days, he is again found in a gaming zone or casino. To experience the same excitement, he needs larger wagers or more frequent gambling.. He lies to his family and friends, borrows money, and loses control over his mind and behavior. Researchers have noticed increased rates of mental health disorders in gamblers with severe ludo mania. Despite being aware of the serious negative consequences, or despite having a strong desire to quit, he cannot stop himself from gambling. Study results show that a gambler who has not been treated for compulsive gambling during his desperation phase is likely to commit suicide. When a gambler with severe ludo mania meets certain criteria, the condition is diagnosed as ‘clinical pathological gambling’. There are chances that he has other psychiatric problems at the same time; for example, substance use disorder, mood and anxiety disorder, personality disorder, etc. Analysis of casino customer data may help identify problem gamblers, but casino owners do not share this data for fear of losing their most lucrative customers (may be 25 – 50%). Addiction to gambling at a young age increases the risk of suicide. As he spends more gambling, he requires more money to recover his losses. But studies show that suicide attempts are usually made by older people with problem gambling. He may lose his job and may commit crimes to get money for gambling

Review: Richard Gere too good to ignore in ‘Arbitrage’

No Academy love, not even for his sinister brilliance in “Internal Affairs,” “American Gigolo” and “The Hoax,” or for the battered heart he brought to the cheated-on husband in “Unfaithful.”

Jarecki knows the territory. Watch him in the scene when Sarandon — in full, feisty flower — hits Robert with a lifetime of resentments. She can’t rock his composure. For proof that we’re in financial hell, look around. Jarecki has an eye for the telling detail, not surprising given his start with the 2005 documentary “The Outsider” (about rogue director James Toback). His rapt, watchful performance is a thing of toxic beauty. Despite his box-office success in crowd-pleasers such as “An Officer and a Gentleman,” “Pretty Woman” and “Chicago,” Gere has long been underrated. But Robert keeps his cool until the sudden death of one of these women has him dodging a possible murder rap with the grudging help of Jimmy Grant (a terrific Nate Parker), the son of the family chauffeur and the only black man in Robert’s circle of white privilege. And Gere nails every nuance in a role that holds up a dark mirror to the way we live now. True, this territory has been covered from Wall Street to last year’s “Margin Call.” But Gere and first-time director Nicholas Jarecki put a tantalizing spin on what goes on in the head of a fraudulent hedge-fund manager when he decides to stick it to the rest of us, including his own family.

Gere’s performance in “Arbitrage” is too good to ignore. Fraud puts pressure on Robert’s skill at deceiving wife Ellen (Susan Sarandon), French mistress Julie (Laetitia Casta) and chief accountant Brooke (Brit Marling), who also happens to be his daughter. That’s when NYPD detective Michael Bryer (Tim Roth) smells a rat and Robert’s world begins to unravel.. Wearing the trappings of wealth like a second skin, Gere invites us to see what Robert sees. And Gere knows the man, inside and out. But Gere gives us a window into the soul of a man who finally realizes that even money will no longer help him lie to himself. Credit Jarecki, whose combustible directing debut gives “Arbitrage” the charge of a thriller and the provocation of a moral fable. It’s an implosive tour de force.

Like the best movies, “Arbitrage” persuades us to ask tough questions about ourselves. Gere digs so deep into this flawed tycoon that we come to understand Robert’s actions without for a minute forgiving them. And it resonates in his exceptional screenplay, which potently captures the gleaming seduction of Robert’s world and the fear that festers underneath.

Story highlightsRichard Gere stars as a fraudulent financier in the filmCritic says Gere’s performance is “a thing of toxic beauty”The movie also stars Susan Sarandon and Laetitia Casta

It’s instructive to note what a killer actor Richard Gere can be when a movie rises to his level.

“Arbitrage” is such a movie, a sinfully entertaining look at the sins committed in the name of money. At 62, he is at the peak of his powers. There’s enough plot here to stuff a miniseries or three, yet “Arbitrage” never descends to bland and predictable. And the glamour in his field of vision — cheers to cinematographer Yorick Le Saux (I Am Love) for the sheen and composer Cliff Martinez (Drive) for the seductive mood — is tempting enough to make us all complicit.

Gere’s Robert Miller is the picture of unflappable elegance. Docs run in the Jarecki family, with half brothers Andrew (“Capturing the Friedmans”) and Eugene (“Why We Fight”) making notable contributions to the genre. As the son of two commodities traders, Jarecki has Wall Street in his DNA. Good job on that, since he’s just lost $400 million in a bad copper-mine investment, and if he can’t cover it up and unload his company on a major bank, his career will go kaput along with his fortune

Tips For Hiring Offshore Employees

It is suggested that you should hire employees in India. 4.Frankly talk about the rates- Money, being an important aspect of any work, is something you must talk about openly. Before I conclude myself, I must add another point (from my personal experience) thatll definitely be helpful for you in selecting your quality IT services. India is one of the most rapidly growing countries of the world. Reason behind this is short and simple. Now hiring an offshore team and getting the work done on time is something most of the IT companies prefer.

This is definitely a smart idea, but with the availability of number of service providers, it becomes little difficult to choose one of them. Theres adequate talent availability in India, which can be employed at comparatively cheaper price than any other country.

Well, there are several points from different point of views, which have been wrapped up in 5 basic tips that are discussed below.

Hiring offshore employees is indeed the newest trend of working, but it wont be wrong to say that it is one of the most successful methods of working as well. Instead look for such a team, which has already worked on other projects and is well aware of the market standards.. Hence it is recommended to comprehensively talk about the rates.

These are the most prominent points that must be considered while hiring offshore employees. Please dont go for them. By doing this, you can easily know what kind of work have they been delivering to their clients.

1.Opt an experienced offshore team- There are several service providers available in the market that are ready to sell their services at extremely lower rates as compared to others. You can only expect work of your choice, if youve explained your expectations to the employees.

5.Work delivery- Do let the employees know about the time intervals, after which you want the work done.

2.Go through their client testimonials- Before you start working, do not forget to go through the client testimonials. However you dont need to be anxious about this, as in the coming part of this article; well go through few points that will be helpful while hiring offshore employees.

Now, as you all are clear with the Dos and donts of hiring an offshore IT services, I wish you all the best! Hire some extremely talented people who can add even more grace to your success.

3.Thoroughly explain your quality-quantity expectations- this step is one of the most significant steps involved in hiring an offshore team

Daily fantasy sports firms FanDuel, DraftKings in merger talks: sources | Reuters

    Daily fantasy sports, a turbocharged version of the season-long game, has boomed over the past decade. They asked not to be identified because negotiations are confidential. FanDuel declined to comment.

The merger of two market leaders such as FanDuel and DraftKings would usually attract the attention of antitrust authorities, said Andre Barlow, an antitrust expert with the law firm Doyle, Barlow and Mazard PLLC. DraftKings declined to comment and a spokesman added that “these rumors have existed for as long as both companies have been in operation.”

But regulators will also need to decide how easily other competitors could enter the fantasy sports market, Barlow added.

Bloomberg News first reported on the merger talks between FanDuel and DraftKings.

(Reporting by Liana B. It could also lower their advertising budgets. Both have spent aggressively in the past few years as they battled for market share against each other. Players draft teams in games played in just one evening or over a weekend.

The two largest daily fantasy sports companies, FanDuel Inc and DraftKings Inc, are in early-stage talks to merge, people familiar with the matter said on Monday, as the industry faces a crackdown by U.S.

Other states are also pursuing regulation. Baker in San Francisco and Diane Bartz in Washington, D.C.; Additional reporting by Michael Erman in New York; Editing by Will Dunham, David Gregorio and Simon Cameron-Moore)

.

Fantasy sports started in 1980. state to regulate fantasy sports.

(Corrects plural of attorneys general in fifth paragraph.)

The state’s Senate and Assembly are both considering bills on the games, but have yet to pass final legislation.

FanDuel and DraftKings agreed in March to halt their business in New York, banking on a legislative path to make the games legal after a months-long fight with the state’s attorney general, Eric Schneiderman.

The multibillion-dollar fantasy sports industry has drawn increased scrutiny since last year, with the attorneys general of several U.S. TV ad revenue growth in the third quarter of last year was from spending on daily fantasy football ads.

The sources said no deal is certain. The games have surged in popularity as advancing technology made it easier to create fictional teams of athletes from professional sports leagues, and to monitor their statistics. In March, Virginia passed a bill making it the first U.S. states including New York, Illinois and Nevada questioning the legality of the games. states over whether it runs illegal gambling. Bernstein research estimated that 59 percent of total U.S.

A deal could reduce legal costs for the two companies, which have had to defend themselves against legal challenges as well as lobby for legislation to make the games legal in states that have declared them illegal

How the Sports Betting Line is Made by RJ Bell

Las Vegas Sports Consultants (LVSC) is the world’s premier oddsmaking company and the most respected authority on making the lines. If an oddsmaker comes up with a preliminary line of USC -7, then an adjustment up to -7.5 or -8 would be made in response to the public’s expected USC bias. Why the Line Changes

Once a game’s power rating based pointspread is determined, the oddsmaker will make adjustments to that line after considering each team’s most recent games played and previous games played against that opponent. Each of these oddsmakers bring unique opinions, strengths and weaknesses to the process. “We’re not trying to pick the team that covers the spread, we’re trying to make it a coin flip, a tough decision (for the bettor).

Individual books having players who consistently bet with certain tendencies (such as an extreme bias toward favorites or toward a certain popular team like USC)

Power ratings are the oddsmaker’s value of each team and are used as a guide to calculate a “preliminary” pointspread on an upcoming game.

The purpose of these adjustments, like all line adjustments, is to more equally divide the betting action. Of the 4-5 oddsmakers, generally the 2 most respected opinions are weighed more heavily by the Odds Director before he decides on the final line.

What Is the Line Trying to Accomplish?

How the Opening Line Is Made

Oddsmakers can also change the line depending on various event-related factors such as player injuries or weather.

Moving the line is the oddsmaker’s effort to balance betting action, and often times such moves can have a major impact on a bettor’s decision. People think it’s much more complicated, but it’s not.”

There is a common misconception that point spreads represent the oddsmakers’ prediction of how many points the favorite will win by. In doing so they attempt to make more attractive the team that is getting less action.

Divided action means the sportsbook is guaranteed a profit on the game because of the fee charged to the bettor (called juice or vig – typically $11 bet to win $10). Mike Seba is a Senior Oddsmaker at LVSC and has been making lines for the last six years.

Contributed by:

Once betting begins, sportsbooks can adjust the line at any time. This usually includes having up-to-date power ratings on each team. The power ratings are adjusted after each game a team plays.

Experts working for the individual books having a strong opinion on the game

RJ Bell

©Pregame.com 2006

Website: http://www.Pregame.com

“The #1 thing for us is to make a line for each game that creates good two-way action.

The last step in the line-making process for each oddsmaker is taking one final look to determine whether or not the line “feels right.” This is where common sense and past experience with how games are bet enters into the picture. If we’ve done that, we’ve done our job.”

Once the opening line is released by LVSC, the individual sportsbooks decide if they want to make any adjustments before offering it to the public.

Since the oddsmaker’s ultimate goal is equally dividing the betting action, public perception and betting patterns must be taken into account. In our extended interview, Seba explained that there are 4-5 oddsmakers assigned to make lines for each of the major sports (pro & college football and basketball; MLB, NHL, boxing, golf). Also, adjustments are made after reading each team’s local newspapers to get a sense of what the coaches & players are thinking going into the game. That is not the case at all – their intent is NOT to evenly split the ATS result between the teams; rather, their goal is to attract equal betting action on both sides.

A round-table discussion among the 4-5 oddsmakers involved in making the line for each sport is then conducted and a consensus line is decided upon by the Odds Director before it is released to the sportsbooks. . Obviously, if the line comes out a week ahead of the event (which is the case in football), there is much that could happen during the week leading up to the event that could affect the line. Oddsmakers have to determine if any changes are necessary and send out an “adjusted line.”

“You either have a passion for it or you don’t,” Seba said. By moving the line, sportsbooks can influence how the public bets on a particular game. Reasons for such adjustments include:

Oddsmakers at LVSC are professional sports junkies who love what they do and would probably do it for nothing if you asked them, but they do get paid for it. We do this by drawing from past experiences and applying them to current situations. Seba explained that it all starts with each oddsmaker creating a line on each game based upon their own personal approach. Stated another way, they want to create a line that half the people find appealing to bet one way while the other half find it appealing to bet the other way (known as ‘dividing the action’). By necessity their approach is very research-oriented and concise, since with millions of dollars at risk there is little margin for error. For example, the public might have heavy betting interest week after week on a popular college football team such as USC. Of course there is an entire method to the madness on how the opening line is created.

“The main objective is that our clients get equal action on both sides,” Seba said. Examples of non-game factors that would require an adjustment to a team’s power rating are key player injuries and player trades.

The opening line is the first line created by the oddsmakers, which is then sent out to sportsbooks.

For example, if the pointspread on a game is 7 and most of the money is coming in on the underdog (taking the +7), sportsbooks will then move the number down to 6 ½ to try and attract money on the favorite