UK Bookmakers Threatened with Mandatory New Levy

UK Bookmakers Threatened with Mandatory New Levy

British Shadow heritage Secretary Harriet Harman, whom last week outlined her plans for a supplementary levy on all kinds of sports betting, online and off. (Image: theguardian.com)

The stock exchange had reacted poorly to news that great britain Labour Party is arranging a multimillion-pound levy on all sports betting, online and off, should it be elected in 2015. Ladbrokes plc dropped 3.16 percent, while William Hill plc fell 2.88 percent immediately following the announcement by Labour’s Shadow community Secretary Harriet Harman final week. The levy will be much like that currently applied to horseracing betting, the revenue from which, some £82 million ($139.314 million) in 2014, is ploughed back into the horseracing industry.

More Cash, More Sports

The scheme that is new part of Labour’s ‘More Sport for All’ incentive, that will see the extra revenue raised from sports wagering going primarily to the growth of grassroots recreations, with some going to the remedy for problem gambling. Harman also said she is thinking about the introduction of a ‘proper levy’ on revenue derived by the Premier League through the sale of soccer television legal rights, which is going to be spent on developing grassroots soccer.

‘we were all proud to host the Olympics and Paralympic Games in London two years ago but instead of seeing increased participation, things have got worse especially amongst young people as a total result of the Continue reading “UK Bookmakers Threatened with Mandatory New Levy”

Massachusetts Casino Repeal Question Approved by Court

Massachusetts Casino Repeal Question Approved by Court

Massachusetts State Attorney General Martha Coakley opposed the repeal question, but says she welcomes allowing the voters to truly have a voice regarding the problem. (Image: Boston World)

In Massachusetts, casino companies have faced a series of battles to be able to build resorts in the state. There has been town-by-town campaigns to win over local communities, as well as in the scenario of the more Boston area, a tough competition for just one single license. Now, operators will need an additional challenge ahead of these before they can rest effortless: a statewide repeal vote that could end casino gambling in Massachusetts before it starts.

The Massachusetts Supreme Judicial Court ruled Tuesday that voters will be able to see the casino law repeal question on a November ballot, potentially rolling back a 2011 law that legalized casinos within the state. That move leaves potential casino operators in an awkward position, as they may get licenses, but maybe not know until later on this 12 months whether they can actually do such a thing with them.

Unanimous Decision Places Question on Ballot

The court reached their decision unanimously, pointing out that supporters of the repeal had succeeded in gathering more than enough signatures to place the question on the ballot. The work was opposed by Massachusetts Attorney General Martha Coakley, now a Democratic candidate for governor, who rejected the question a year ag Continue reading “Massachusetts Casino Repeal Question Approved by Court”

Massive Betting Expected for 2014 World Cup

Massive Betting Expected for 2014 World Cup

The 2014 World Cup need millions of fans around the world watching every minute of the action and almost as numerous people betting on the end result of each match. (Image: FIFA)

On the 2014 FIFA World Cup will begin with a match between hosts Brazil and Croatia thursday. That will begin a month of intense competition that will be closely followed by soccer, soccer and futbol fans from around the globe. Nonetheless it will also mean the beginning of the biggest betting frenzies the globe has ever seen, as hardcore gamblers and casual fans from across the world try to find their possiblity to score big on this worldwide spectacle.

Also in the us surely the major country utilizing the interest that is least in your competitors the World Cup has become a really big deal over the last two decades. That goes hand-in-hand with all the rise of the team that is national a regional powerhouse and a respectable competitor in international play. And while Team USA could need to up their game just to get away from a tremendously difficult group this time around let alone win the tournament that does not mean that American bettors aren’t placing their cash behind their squad.

Bets on Champions and Goal Scorers Popular

Based on the Las Vegas Hotel SuperBook (LVH), they’ve taken twice as many bets on the United States to win the global World Cup as for any other nation. That is despite the fact the chances in a shocking usa triump Continue reading “Massive Betting Expected for 2014 World Cup”