Will Aussies Ban Pokies? New Legal Challenge is Placing Money on It

Will Aussies Ban Pokies? New Legal Challenge is Placing Money on It

A new lawsuit will seek to determine that the slots industry in Australia is in breach of consumer law since they’re deceptive and addiction that is encourage.

Australian poker devices (‘pokies’), or slots, as they are known in the US, are an industry that is multi-billion-dollar. Did you realize, for example, that you will find five times more machines that are slot capita in Australia than in America? Or that throughout the last year, growth in gambling has outpaced the development of the economy that is australian 100 percent.

Politicians, anti-gambling groups, religious organizations, etc., are profoundly worried about whatever they see as a gambling epidemic in the united states. And perhaps they must be.

Aussies spend more per head on gambling than any other country in the global world, studies show; an extraordinary $1,179 in 2011-12. That’s above twice as is gambled per capita in the usa and three times up to into the British.

Most of this goes on pokies. Australians lose around $11 billion yearly on the devices, which constitutes almost two-thirds of the united states’s gambling yield. And curiously, while gambling spend is up these days, the proportion of the populace actually engaging in gambling has fallen over the final 15 years, from 80 percent in 2000, to 68 percent in 2014.

Machines are Deceitful

With figures adjusted for inflation, and assuming these statistics are proper, which st Continue reading “Will Aussies Ban Pokies? New Legal Challenge is Placing Money on It”

DraftKings, FanDuel Jettison Merger Plans, Back Off From FTC Challenge

DraftKings, FanDuel Jettison Merger Plans, Back Off From FTC Challenge

Joint rulers of this fantasy that is daily (DFS) market DraftKings and FanDuel have actually walked away from a proposed merger of equals, less than a month after the Federal Trade Commission (FTC) moved to block the offer on grounds of antitrust ‘fair competition’ problems.

The deal’s off: DraftKing’s Jason Robins (left) and FanDuel’s Nigel Eccles announced on Thursday that their companies would be going it alone, calling off a potential FTC fight on the grounds of antitrust violations. (Image: Reuters)

The 2 companies announced the termination of the tie-up on Thursday, just days after that they had each filed appropriate briefs to a district that is federal, vigorously protecting the merger.

But with both companies already fighting legal actions on several fronts, it appeared to be another costly and possibly doomed legal battle lay ahead. A source told ESPN that accepting the FTC would likely cost some $12 to $15 million.

Money Worries

Ironically, consolidation might have dramatically slice the amount of legal and lobbying costs the two companies spend fighting for legal DFS in states across the usa. It could also eliminate the expenses associated with trying to out-market the other person.

The failure of the deal leaves both in precarious positions that are financial as neither has ever been profitable. Papers related to the merger leaked final thirty days revealed that DraftKings has lost a stagg Continue reading “DraftKings, FanDuel Jettison Merger Plans, Back Off From FTC Challenge”

Tribal Gaming Growth Hurts Laughlin and Reno, But Las Vegas Still Bulletproof, Says Analyst

Tribal Gaming Growth Hurts Laughlin and Reno, But Las Vegas Still Bulletproof, Says Analyst

The National Indian Gaming Commission reported this week that America’s tribal gaming operators collectively generated $31.2 billion in gross gaming income, a 4.4 percent increase over 2015.

Harrah’s Resorts SoCal is exemplory instance of a joint-venture between a operator that is tribal a Vegas casino company that offers a flavor of Las Vegas across the Nevada edge.

The biggest growth, year over 12 months, for tribal gaming nationwide was the Sacramento, California region, with an increase of 6.3 percent to $8.4 billion. Meanwhile, the Phoenix region exhibited revenue that is fourth-best in america, growing 4.4 percent to $2.9 billion.

It’s clear Indian casinos in states bordering Nevada are enjoying health that is robust but what impact is this having in the Silver State’s casino sector? Is tribal gaming a hazard to Nevada?

Tribes Thinking Big

Well, not really much to Las Vegas, gaming analysts told the Las Vegas Review-Journal this week, but it’s very likely having a negative impact on the north Las Vegas sector while the Reno and Laughlin markets in specific, forcing those cities to rethink their approach.

Bo Bernhard, executive director of UNLV’s International Gaming Institute, believes that the Laughlin and Reno markets have certainly been adversely affected by competition from Indian video gaming properties, which are now actually matching their commercial counterparts outsi Continue reading “Tribal Gaming Growth Hurts Laughlin and Reno, But Las Vegas Still Bulletproof, Says Analyst”

Philippines Police Arrest 43 After Violent High-Roller Kidnapping at Solaire Casino

Philippines Police Arrest 43 After Violent High-Roller Kidnapping at Solaire Casino

Police in the Philippines have actually arrested 41 Chinese and two Malaysian nationals associated with the kidnapping of the 48-year-old Singaporean woman from the Solaire Casino Resort in Manila on Monday.

Philippines National police chief Gen. Ronald Dela Rosa berated detainees as they were paraded before TV cameras on Thursday.

Wu Yan, considered to be a high-stakes tourist gambler, ended up being rescued by police from a condo within the city the day that is following.

Authorities stated the suspects they detained had been members of a loan-shark syndicate focusing on foreign high-rollers. Eleven cases that are similar been reported since 2015, according to police.

‘The group was believed to be responsible for a group of kidnapping incidents perpetrated against foreign nationals whom are high roller casino players in recent months,’ Justice Undersecretary Erickson Balmes told reporters that are local.

Nabbed for Ransom

According to Balmes, the target was losing heavily at Solaire’s VIP baccarat tables when she was ‘befriended’ by the two Malaysian suspects, whom lent her money to keep playing.

They later invited Wu to another casino, but instead took her to a flat where she was physically forced and abused to record a ransom movie. A copy for the movie was demonstrated to family by having a demand for an undisclosed sum of cash to secure her release.

‘( Wu Yan) happened, deprived of he Continue reading “Philippines Police Arrest 43 After Violent High-Roller Kidnapping at Solaire Casino”

NFL Betting: Top Five Games For Week 6.

NFL Betting: Top Five Games For Week 6.
Week 5 of the NFL season provided us significantly more than anybody expected including a candidate that is early the Game associated with Year, some astonishing upsets, unforeseen blowouts and monster fantasy shows. What is in shop for 6? Let us take a closer look at the top games of the week week.

Carolina Panthers vs. Tampa Bay Buccaneers

Chances: Panthers -2.5

The NFL has scheduled the NFC South showdown between the Panthers and Buccaneers for 9:30 a.m unlike last week when the Chicago Bears and Oakland Raiders didn’t kick off until 1 p.m. ET. ET. That can give football fans getting up early an opportunity to enjoy two of the very most explosive offenses in the NFL go head-to-head. Carolina’s attack was rejuvenated with Kyle Allen at quarterback, going 3-0 under their backup. Although the offense runs through running back Christian McCaffrey, the NFL leader in scrimmage yards, a healthy Allen has provided simply sufficient for the Panthers to seem like a totally different team than they did with a clearly injured Cam Newton in the lineup. Can they keep it going against the unpredictable Bucs?

Houston Texans @ Kansas City Chiefs

Chances: Chiefs -5.5

Coming down their loss that is first of season, Patrick Mahomes and the Chiefs will welcome Deshaun Watson plus the Texans to town for the matchup of two of the very exciting and talented quarterbacks in the NFL. The biggest concern heading directly into this matchup is how limited Mahomes Continue reading “NFL Betting: Top Five Games For Week 6.”

Profit and Loss Take on New Meaning for Swedish Pro Viktor Blom

Profit and Loss Take on New Meaning for Swedish Pro Viktor Blom

He’s 23, down $3.6 million for the past 30 times; but that’s not terribly unusual for the poker phenom understood round the globe to online fans as ‘Isildur1,’ aka Viktor Blom. Following a two-week that is dazzling winning streak from the start of the newest year, Blom has since dropped back once again to a meager $1.5 million, according to HighstakesDB.com, a poker tracking data web site. More than $800,000 of those brutal losses occurred in just the past week, and took destination on Full Tilt poker, the online site he represents as a professional.

High Stakes Is Their Game

It’s all in a day’s work for the young pro, who is no stranger to uber high-stakes online poker: he caught the breathless attention of poker fans everywhere simply four years ago, when in 2009, he ended up being active in all ten of this largest pots in poker online history. Blom was still playing under wraps by his pseudonym that is online when joined Team PokerStars at the finish of 2010, only to possess their true identity revealed as he played live during the annual PokerStars Caribbean Adventure (PCA) in the Bahamas. Blom stayed on the PokerStars pro roster for 1 1/2 years, moving on to Comprehensive Tilt just recently, in October 2012.

Highs and Lows

Blom is no stranger to the highs and lows of online poker; in their initial cloaked ‘Isildur1’ days, he played pros that are top Tom Dwan, Phil Ivey and Patrik Antonius in cash games Continue reading “Profit and Loss Take on New Meaning for Swedish Pro Viktor Blom”