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Gambling in the USA

The market responds about PASPA ruling

Niji Ng

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Gambling operators, sports leagues and organisations have made a response to the Supreme Court’s overturning of Professional and Amateur Sports Protection Act (PASPA).  William Hill publicizing it plans to launch in New Jersey “as soon as responsibly possible.”

The country’s Supreme Court has lifted federal ban on sports betting in the US by a vote of 7-2 on Monday.

The federal 1992 PASPA had blocked states except Nevada, Oregon, Delaware and Montana from offering regulated sports betting.

New Jersey strived many years to revoke the ban, highlighting the prevalence of illegal sports betting across the US as one of its main arguments.

Philip Bowcock, the chief executive of William Hill, reacted positively to the ruling that the company will now pursue its plans to launch sports betting services in New Jersey.

 “This is a landmark moment for sports betting and for William Hill,” Bowcock said in a statement.

“Now, all attention shifts to the states, where steps have already been taken to prepare for this day.”

“Legalised sports betting means that consumers and sports leagues will have greater protection, states will benefit from the raising of taxes and there is the potential for over 100,000 jobs to be created.”

Elsewhere, daily fantasy sports firm DraftKings, which went public this year with its plans to expand into sports betting should New Jersey succeed in its bid, is also eyeing up a swift roll-out.

Jason Robins, chief executive of DraftKings, told Fox Business: “We’ll be ready; hopefully, we’ll be one of the first ones in.”

“Almost 80% of our customers today say they already bet illegally on the black market with sports; now we just have to convince them they are going to have a better time doing it with us.”

“When it’s regulated, we actually have rules around knowing your customers, making sure we have limits in place, making sure that people who want to self-exclude can self-exclude.”

FanDuel, a rival of DraftKings, also issued a statement praising the decision and reiterating its plans to launch its own sports betting services.

The statement read: “This decision allows us to bring the passion and engagement we have seen among our users to new and expanded marketplaces and create a sports betting product that fans will love.”

Caesars Entertainment Corporation, which is already active in sports betting in Nevada, also hailed the news, with president and chief executive Mark Frissora saying: “The Supreme Court’s landmark PASPA ruling creates a golden opportunity to end illegal sports wagering once and for all by creating a well-regulated alternative that sports fans can trust.”

“As a result, we expect to be able to provide safe, exciting sports wagering experiences to consumers across the country, as we do today in Nevada.”

However, there has been a somewhat mixed response from the sports leagues that had supported the expansion of legalised sports betting, but to also uphold integrity within their various competitions.

The National Basketball Association (NBA) and Major League Baseball (MLB) had both stated their backing for a wider market but called for a refreshed federal framework to be out in place.

NBA commissioner Adam Silver said: “We remain in favour of a federal framework that would provide a uniform approach to sports gambling in states that choose to permit it, but we will remain active in ongoing discussions with state legislatures.”

“Regardless of the particulars of any future sports betting law, the integrity of our game remains our highest priority.”

MLB also said: “As each state considers whether to allow sports betting, we will continue to seek the proper protections for our sport, in partnership with other professional sports.”

“Our most important priority is protecting the integrity of our games; we will continue to support legislation that creates air-tight coordination and partnerships between the state, the casino operators and the governing bodies in sports toward that goal.”

The National Football League and the National Hockey League also issued similar statements urging for federal law to be put in place, while the National Collegiate Athletic Association (NCAA) had been opposed to an expanded market and had urged the court to maintain the federal law.

The NFL said: “Congress has long-recognised the potential harms posed by sports betting to the integrity of sporting contests and the public confidence in these events.”

“Given that history, we intend to call on Congress again, this time to enact a core regulatory framework for legalised sports betting.”

The NHL added: “The Supreme Court’s decision paves the way to an entirely different landscape – one in which we have not previously operated. We will review our current practices and policies and decide whether adjustments are needed, and if so, what those adjustments will look like.”

Source: igamingbusiness.com

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Gambling in the USA

Castles Technology ties up with SUZOHAPP to develop cashless payment solutions

Niji Ng

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Castles Technology ties up with SUZOHAPP to develop cashless payment solutions
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Castles Technology International Corp., a US-based developer of payment hardware solutions, has signed a deal with SUZOHAPP, a Dutch manufacturer of cash management solutions. The companies will engage in the co-development and delivery of next-generation cashless terminals within unique sales channels, as per the multi-year partnership agreement. The deal enables SUZOHAPP to white label and resell Castles’ family of cashless payment hardware solutions, bundled with their services. It is expected to result in each company’s unique business partners obtain cashless payment hardware solutions that are backed with highest levels of PCI and EMV compliance, lower their overhead costs, capture new revenue streams, and empower their end users with independence and flexibility.

“Castles is quickly emerging as a formidable force in cashless technologies,” said Dr. Rory Herriman, CTO Software and Digital Systems for SUZOHAPP. “We saw this partnership as an opportunity to co-develop next generation cashless solutions with an innovative company and are thrilled to help further expand their market presence in the unattended and component space as forward-thinking collaborators.”

The unceasing advancements in payment technology such as continued EMV migration, closed-loop/loyalty and mobile, and smart device integrations, have rapidly transformed how customers interact and complete purchases from global brands. But fraudsters and cybercriminals are constantly seeking ways to disrupt these kinds of advances by exploiting vulnerabilities and security at the point-of-sale.

“With over 85 years of combined experience, SUZOHAPP and Castles have made countless investments in the areas of research, product development and market surveillance of the potential dangers and liabilities that are weakening the payments industry,” said Winston Fong, CEO of North America (Castles Technology International Corp).

 

About Castles Technology International Corp.

With 25 years of marketplace experience, Castles Technology has established itself as a top global manufacturer of next-generation card acceptance hardware. Our goal is to create simple, smart and secure payment solutions that provide mobility and flexibility for a diverse range of SMBs in attended and unattended payment environments such as retail, vending, micro markets, restaurants, transportation, finance, lodging and hospitality. At Castles, we are out to prove that we are a reliable partner who can help businesses maximize their profits with our future-proof point-of-sale devices and best-in-class support offerings. We pride ourselves on crafting payment solutions that are ergonomic, remove burdensome costs and integrates with any SMB’s existing POS operation. US headquarters are in Atlanta, Ga. Global headquarters are in Taipei, Taiwan. Castles has 11 regional offices across Asia, Europe, North and South America.

About SUZOHAPP

SUZOHAPP is a technology company providing software and hardware for cash handling automation and self-service solutions to more than 25,000 customers throughout the world. SUZOHAPP’s technology enables automation for customers operating in a variety of end markets, including retail, transportation, gaming, banking, vending and amusement. SUZOHAPP’s solutions include cash deposit, recycling, processing and payment systems as well as a broad range of self-service component technologies. The brands of SCAN COIN, Comestero, CashComplete™ and Coinco are united under the SUZOHAPP Company. SUZOHAPP’s more than 1,100 employees operate in 19 countries and its dealer network covers more than 100 countries. More information is available at http://www.suzohapp.com. SUZOHAPP is owned by affiliates of ACON Investments, L.L.C., a Washington, D.C.- based international private equity investment firm that has responsibility for managing approximately $5.5 billion of capital. For more information, visit http://www.aconinvestments.com.

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Gambling in the USA

IGT launches Wheel of Fortune 4D version in Las Vegas

Niji Ng

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IGT launches Wheel of Fortune 4D version in Las Vegas
Photo Source: casinopedia.org
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Leading gaming technology company (IGT) has launched the 4D version of Wheel of Fortune. The new avatar is player-friendly and offers diverse casino floor with penny slots, classic coin machines, and the industry’s newest games. It will also have a number of casino updates and promotions, including the debut of downtown Las Vegas’ first Wheel of Fortune 4D game that pairs gesture recognition and mid-air haptic technologies. In short, it will provide a unique gaming experience to the players.

With the introduction of gesture recognition technology, players can interact with and manipulate the game’s 3D objects, without having to wear 3D glasses, and the mid-air haptic technology allows players to experience tactile feedback from the game’s graphics.

The Wheel of Fortune 4D game is a Wide Area Progressive (WAP) jackpot–eligible game that is housed on IGT’s towering CrystalCurve TRUE 4D cabinet. The game incorporates iconic game-play elements such as the millionaire-making “Wheel Bonus” with its signature “WHEEL-OF-FORTUNE!” chant, and the likeness of famed Wheel of Fortune TV personality Vanna White. Wheel of Fortune 4D introduces a bank-wide bonus event across the 50-inch, curved, ultra-HD upper displays of up to six banked cabinets to create one unified graphic of the Wheel of Fortune wheel. The player whose winning wager initiated the bonus can then spin the wheel and all Wheel of Fortune 4D players sitting at the bank will enjoy a shared experience.

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Gambling in the USA

GiG granted affiliate vendor registration in New Jersey

George Miller

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GiG granted affiliate vendor registration in New Jersey
Reading Time: 1 minute

 

Gaming Innovation Group Inc.(GiG) has been granted an affiliate vendor registration in the state of New Jersey, US, enabling the company to send traffic to regulated casinos and Sportsbooks in the state. The current vendor registration allows GiG to refer website traffic to operators on a Cost Per Acquisition (CPA) basis, starting from Q1 2019.

GiG’s media services arm has, over the past 12 months, been building up portfolio assets to target the US and this is the first step towards monetising those websites and marketing channels. GiG will apply for registrations in other states as they open up for the opportunity.

GiG’s chief operations officer Richard Brown says: “New Jersey is an attractive market for affiliation. We are excited to receive our vendor registration, enabling us to start referring traffic to the operators in this jurisdiction. It is an exciting opportunity for us, however we expect the state-by-state legalisation of sports betting to materialise at a slow rate . There is strong competition in the market, but we are confident we can replicate, in the US, the success we have achieved in the highly competitive European markets.”  

 

About Gaming Innovation Group:

Gaming Innovation Group Inc. is a technology company providing products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through its ecosystem of products and services, it is connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is listed in the Oslo Stock Exchange under the ticker symbol GiG. www.gig.com

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