Two US lawmakers are calling for the repeal of the federal sports betting excise act. Earlier this week Representatives Dina Titus (D-Nevada) and Guy Reschenthaler (R-Pennsylvania) introduced a bill that would repeal the 0.25 percent the Federal Government has been collecting on sports betting handles for almost 75 years. The sports betting excise tax has…
The State of Texas moved one step closer to regulated sports betting this week when Representative Sam Harless filed House Joint Resolution 134. If passed, this measure would put a resolution on regulated sports betting on the November ballot and let the people of Texas decide whether or not they want sports betting to be…
Ippei Mizuhara will be spending the better part of the next five years in federal prison system for stealing $17 million from Los Angeles Dodgers superstar Shohei Ohtani. Mizuhara used the pilfered funds to pay off debts accrued during some eye-popping gambling sprees. Earlier this week, U.S. District Judge John W. Holcomb issued Mizhuara a…
If you were hoping to see a significant expansion of California gaming anytime soon, you're very likely to be disappointed. That was the message from representatives of the Golden State's powerful Tribal gaming interests at a panel discussion titled State of Gambling in California: Current Trends and Future Prospects that took place at the ICE…
Brazil's newly opened regulated online gambling market is going gangbusters, but the dark cloud of taxes could rain on the whole parade. That's the message from Rei do Pitaco’s chief legal officer Rafael Marchetti Marcondes. In a recent webinar titled, The Future of Gambling in Brazil, Marcondes warned players and operators alike about the impact…
One of the unexpected side effects of regulated sports betting in the United States has been an explosion of threats and harassment from aggrieved sports bettors aimed at college athletes. This harassment, in many cases, has been the result of lost proposition bets on individual performances. A number of states are combating this problem by…
Flutter Entertainment is issuing a profit warning to its investors prepping them for some bad news that's likely been inflicted by some very sharp US players. In a recent trade update the gaming giant, which is based in the UK, suggested that its US earnings target could be missed by as much as $370 million…
Legendz is launching a slots-heavy social casino across a broad swath of the US market this week. The new social gaming site offers a huge array of online slot machines, table games, and sports betting options for players over the age of 18. Because Legendz is a social gaming site, and not a regulated operator,…
The Betting and Gaming Council (BGC) is marking its participation in the eighth annual Safer Gambling Week, a UK-focused responsible gambling campaign. Safer Gambling Week is part of an industry-wide effort to encourage players to use responsible gaming tools, and it's proven extremely effective. According to a recent BGC press release, last year's Safer Gambling…
The World Professional Billiards and Snooker Association (WPBSA) is banning British snooker pro Mark King from the sport for five years. King's exile from the world of professional snooker comes after an investigative committee at the World Professional Billiards and Snooker Association (WPBSA) found that King had both fixed professional snooker matches and provided insider…
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