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Are Pro Sports Leagues Supporting Internet Gambling?


The Internet Gambling Ban legislation in the U.S. House Judiciary Committee is trying to make Internet Gambling illegal.

 

LOS ANGELES, Ca. (PRWEB) April 17, 2006 -- Over the past couple of months there has been much debate centered on gambling related items such as the NHL Gambling Probe and the introduction of legislation to ban Internet Gambling.


Rep. James A. Leach, a Republican from Iowa, cited in the Wall Street Journal on April 4th, 2006 in the article, ”Should Online Gambling Be Banned?“, said the following; ”It is no accident that supporters of the legislation I have introduced range from every major sporting organization -- the NFL, MLB, NHL, NBA, NCAA“


So in essence they are saying that these professional leagues do not support Internet Gambling.


Yet you don’t see the MLB, NHL, NCAA, NFL or NBA threatening litigation with the sovereign government of British Columbia, Canada?


The British Columbia Lottery Corporation allows residents to wager on a number of sports. In fact, you can bet the spread, odds, over/under and even a version of a parlay wager on multiple sports’ offerings.


Here’s the best. They ran a promotion for ‘March Madness’ until April 3 where they promoted the following text, ”It's all about hoops: 64 teams, 61 games, March 16 - April 3. Bet on all the big games with Sports Action Oddset and Point Spread below.“


Check it out for yourself at https://playnow.bclc.com/BCCF/forwardIndexSportsAction.do


So, are the Pro Leagues and NCAA against Internet Gambling or aren’t they?


Rep. Leach also states that, ”Brick-and-Mortar casinos have the means to keep kids and problem gamblers away. But not an Internet casino.“


Yet here you have the Government of British Columbia seemingly able to monitor the web, whilst states like Illinois and New York are now seriously looking at offering their lotteries online to their residents.


In a letter dated February 1, 2006 to Congress, representatives from the major sports leagues indicated the following:


”Sports gambling threatens the character of team sports. Our games stand for the values of clean and healthy competition, and rewarding teamwork, preparation and honest effort. When sports gambling is prevalent, the games begin to represent a ”quick fix,“ the desire to get something for nothing, and even corruption. Allowing rampant sports gambling can cause a cynical and suspicious perception of athletic events, in place of the traditional American values they should represent.“


Yet the Major League Baseball league just introduced The Red Sox Instant Ticket, which will be on sale beginning April 11. It is the result of an agreement between the Lottery and Scientific Games, the largest instant ticket producer in the world. Scientific Games' licensing subsidiary, MDI Entertainment, recently entered into a relationship with MLB to offer league and team logos to lotteries for use on instant tickets. The Massachusetts Lottery is the nation's first to produce an instant ticket under this new agreement.


So then, it seems MLB does support gambling in the USA.


The Los Angeles Clippers of the NBA are currently sponsored by ActionPoker.com, and the writer was witness to a game where the announcer promoted the online poker site while scrolling court-side banners featured the URL.


And at an official NBA site, http://www.nba.com/clippers/news/actionpoker_offer_060130.html ActionPoker.com is giving contestants the chance to win Clippers courtside seats or a trip to Las Vegas. All one has to do is log onto ActionPoker.com enter in the code 1ACTION and start playing. Full details are at



Poker isn’t really gambling though. It’s more like an American pastime.


The best, oh the absolute best example of blatant pushing of gambling was witnessed by the author at a Kings game on March 18th, 2006 at Staple Center.


In the February 1st Pro Sports letter to Congress, the following was also written, ”This encourages widespread gambling by minors and young adults....“


One assumes that the Pro Leagues don’t want to introduce minors to gambling.


During a break from play during the hockey game, a young boy of about 10 years old was given the chance to participate in a game. His face was shown live on the big screen and was in full view of the countless children in attendance.


A card was drawn and he had to decide if the next card drawn was going to be of a higher value or lower value. If he chose correctly, he won a prize and an additional card draw. He won a couple of prizes before getting knocked out by an ‘unlucky’ draw.


That’s called Hi-Lo. It’s gambling.


So now we even have the NHL complicit in teaching youngsters how to gamble.


So what is it guys and gals?


The BCLC, MLB, NHL, NCAA, NFL & NBA were all contacted for their comments. None replied.


About GamingPublic.com

GamingPublic.com provides information on the Internet gambling business (I-Gaming), investing and investment in publicly listed companies within the industry. The company presents analysis on a number of products including online poker, Internet casinos, sportsbooks, lotteries and pari-mutuel racing. GamingPublic.com also provides updated news and commentary on legal and financial aspects of the industry.



IGaming Investment Analysis.™

AGA wants I-Gaming Regulated



LOS ANGELES, Ca. (PRWEB) April 27, 2006 --- Reports say that the American Gaming Association has reportedly issued a press release reclassifying its position on online gaming and it now wants to establish a congressional study commission to look at regulating and taxing online gaming.


Statement by Frank J. Fahrenkopf, Jr., President and CEO of the American Gaming Association


Re: AGA Board of Directors Modify Legislative Position on Internet Gambling


At an American Gaming Association (AGA) board meeting on Wednesday,

April 26, the AGA modified its legislative position on Internet gambling. While it remains neutra1 on all pending legislation on this issue, including bills advocated by Reps. Jim Leach (R-IA) and Bob Goodlatte (R- V A), and Sen. Jon Leach (R-AZ), the AGA board now strongly supports the creation of a one-year Congressional study commission that would evaluate the impacts of online gambling.


"Millions of Americans currently gamble online, and they wi1l continue to do so. Many nations, including Great Britain, are in the process of lega1ising, regulating and taxing online gambling. The AGA board thinks a comprehensive study commission should take into account policy issues ranging from how best to protect children and problem gamblers to whether Internet gambling can be effectively legalized and regulated in the United States, rather than leaving bettors to fend for themselves on illegal, unregulated offshore sites. The study should also include consideration of recent WTO rulings indicating the United States position on Internet gaming may be in violation of international trade obligations.


Such a commission could evaluate whether legalization, regulation and taxation, on a state-option basis, may be a more viable option than a complete ban on Internet gambling, and would report back to Congress on its recommendations as to the best way to deal with the issue.



IGaming Investment Analysis™


Gamingpublic.com comments on SportsBook wagering for first quarters of 2006


DOOM AND GLOOM OF NFL SEASON should not affect long term prospects


Los Angeles, Jan 11 2006 /Newswire/ -- GamingPublic.com, the center for investment information on internet gambling, is pleased to highlight the positive aspects of the upcoming quarters as they relate to the online sports betting industry.


Recent comments and guidance revisions by some companies have caused some analysts to downgrade EPS outlooks.  This is due to a majority of ”favorites“ winning 13 weeks during the regular NFL season.  There have been only two seasons since 1989 when favorites had an overall winning record against the spread and those percentages were barely above .500.  This year, it was about 58%.


Whilst we agree with many in the business who have stated that this has been the worst season for online books in the history of the industry, GamingPublic.com believes that the first 2 quarters of 2006 will be stellar because of the extra sports events featured this year including the Winter Olympics, and the FIFA World Cup of Soccer (Football). 


And we also expect March Madness, the NBA and NHL playoffs to help offset the losses experienced during the winter season.


Companies to watch include:


BetOnSports PLC (LSE BSS.L) with its acquisitions of MVPSportsbook, Player Super Book and V-Wager will see an increase in total wagers system wide.  And Morgan Stanley announced recently that it has $25.6 million worth of shares in the Company giving it some stability in the long term.


Party Gaming PLC (LSE PRTY.L) is rumored to be looking to acquire an existing SportsBook operation, which would further compliment its suite of products.  Poker has an excellent conversion rate to punting action and a purchase would definitely be a good move for the Company.


Sportingbet PLC (LSE SBT.L) continues to beat expectations and is poised to capture an excellent share of the European punting action this spring given their increasing focus on international events.  Analyst Jon Tarasewicz of Deutsche Bank reiterated his "buy" rating on the Company in December with a target price raised from 450p to 460p.



IGaming Investment Analysis.™

GamingPublic.com Internet Gambling Stocks for week ended December 9, 2005


Los Angeles, December 12, 2005 / / -- GamingPublic.com, the center for investment information on internet gambling, highlights the following companies for the week ended December 9, 2005:



WorldGaming plc (LSE: WGP, OTCBB: WGMGY)


  • Opening Price 05/12 $2.45 (OTCBB) 149 p (LSE AIM)
  • Closing Price 09/12 $2.90 (OTCBB) 156 p (LSE AIM) 

The company had its AGM on Friday and approved the acquisition of the Sportsbetting.com Group of up to $96 million payable 75 percent in cash and 25 percent in ordinary shares of the company.  Ostensibly this now takes WorldGaming from the role of software provider to that of also being an operator.  The company has software operations based in Vancouver, Canada and the question is who will handle the marketing of the new operations once the deal has completed.  Will they move marketing to London or perhaps outsource it?  Whatever the decision on location may be, finding quality, experienced marketing experts can be both difficult and expensive according to Pentasia’s Rob Dowling.


Party Gaming plc (LSE: PRTY)


  • Opening Price 05/12 115 p
  • Closing Price 09/12 138.75 p 

The company announced interim results last week for the two months ended 30 November 2005, and expects full-year earnings to beat analysts' estimates after revenue growth accelerated at its PartyPoker site and more players used the company's online casino.    Party Gaming has also proven what has long been suspected – that poker players will convert to other casino games; especially Black Jack.  What remains to be seen though is whether or not Party follows Sportingbet plc (LSE: SBT) success with converting punters and adds a SportsBook to the product mix


FUN Technologies plc (LSE FUN, TSX FUN)



  • Opening Price 05/12 C$6.30 (TSX) 315 p (LSE AIM)
  • Closing Price 09/12 C$6.95 (TSX) 342p (LSE AIM) 

Last week FUN sealed a deal with the NHL operate their ”SkillJam“ games on the official NHL.com site.  The company is definitely one to watch given the deal in which new majority owner, Liberty Media said it would add $50 million to the balance sheets.


Copyright GamingPublic.com and Ocean Eclipse Holdings Inc. 2005. The views and opinions expressed are those of the author(s) only.  The content contained herein is not intended to be and is not an advertisement for any securities of any company that has been mentioned.


IGaming Investment Analysis™

GamingPublic.com Initiates Coverage on Pegasus Gaming Corp.

 

Online Gaming Software Provider Pegasus Given 'Speculative Buy' Rating


LOS ANGELES--(BUSINESS WIRE)--Dec. 7, 2005--GamingPublic.com, the center for investment information on Internet gambling, is pleased to announce that it has initiated coverage on Pegasus Gaming Corp. (Pink Sheets: PGGG - NewsComments from the initial report include:


  • Pegasus is coming out of a development phase into one of operations. Recent efforts have focused on business development and priming the software for launch.
  • Pegasus has a number of licensees that are being readied for launch within the next 30 to 45 days.
  • Pegasus is the only gaming software provider so far to offer a complete line of products, which includes sports betting, online casino, multiplayer poker, horse betting and mobile gaming.

A copy of the analysis may be found at www.GamingPublic.com.


The online gambling industry is the fastest growing industry on the Internet and has experienced rapid growth since its establishment in the 1990s, yet remains relatively immature.


Although estimates as to the current size and growth rates of the global online gaming market vary considerably, GamingPublic.com estimates that global revenues from online gambling will reach USD$15 billion in 2006, up from USD$10 billion in 2005 and USD$7.0 billion last year.


About GamingPublic.com


GamingPublic.com provides information on the Internet gambling business (I-Gaming), investing and investment in publicly listed companies within the industry. The company presents analysis on a number of products including online poker, Internet casinos, sportsbooks, lotteries and pari-mutuel racing. GamingPublic.com also provides updated news and commentary on legal and financial aspects of the industry. GamingPublic.com is a wholly owned subsidiary of Ocean Eclipse Holdings Inc.


Please visit www.GamingPublic.com


This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act of 1934 and the provisions of the Private Securities Litigation Reform Act of 1995 and is subject to safe harbor created by these sections. Actual results may differ materially due to a number of risks, including, but not limited to, technological and operational challenges, needs for additional capital, changes in consumer preferences, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on software providers, URL providers, risks relating to international operations, and risks associated with competition.


GamingPublic.com has not been compensated in any way for this coverage.

Gamingpublic.com launches - focus on internet gambling investment analysis

 

Specializing in providing understanding of I-Gaming to industry stakeholders


Los Angeles, December 6, 2005 /(BUSINESS WIRE) / -- GamingPublic.com, the center for investment information on internet gambling, is pleased to announce that it has launched its portal at www.GamingPublic.com to meet the growing demand for intelligent data relating to the Internet Gambling Industry.


GamingPublic.com provides the latest information on Internet gaming (I-Gaming), investing and investment in publicly listed companies within the Industry. 


The online gambling industry is the fastest growing industry on the Internet and has experienced rapid growth since its establishment in the 1990s, yet remains relatively immature.  Although estimates as to the current size and growth rates of the global online gaming market vary considerably, GamingPublic.com estimates that global revenues from online gambling will reach USD$15 billion in 2006, up from USD$ 10 billion in 2005 and USD$ 7.0 billion last year.


The Company offers analysis on a number of products including online poker, internet casinos, sportsbooks, lotteries, and pari-mutuel racing.  GamingPublic.com also provides updated news and commentary on legal and financial aspects of the industry.  Some of the topics covered on an ongoing basis include updates on gaming law, analyses of companies, interviews with key industry experts, market outlooks, and gaming platform ratings.


GamingPublic.com is in the business of consulting to individuals, institutions, companies and partnerships that want to learn about the Internet Gaming Industry by providing them with useful information in an easy-to-understand format. 


For more information, please visit www.GamingPublic.com 


This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act of 1934 and the provisions of the Private Securities Litigation Reform Act of 1995 and is subject to safe harbor created by these sections. Actual results may differ materially due to a number of risks, including, but not limited to, technological and operational challenges, needs for additional capital, changes in consumer preferences, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on software providers, URL providers, risks relating to international operations, and risks associated with competition.

 

SOURCE:  GamingPublic.com

IGaming Investment Analysis.™














iGaming and Gambling Investment Analysis

Copyright GamingPublic.com and Ocean Eclipse Holdings Ltda 2007  Certain content contained on this website may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and is subject to safe harbor created by these sections. Actual results may differ materially due to a number of risks, including, but not limited to, technological and operational challenges, needs for additional capital, changes in consumer preferences, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on software providers, risks relating to international operations, and risks associated with competition. This Website and the content contained herein is not intended to be and is not an advertisement for any securities of any company that has been mentioned.