Betting Sports Tip: Gambling News-Quality or Quantity?
The industry of internet casino gaming is highly competitive, but the companies operating at the market choose different ways for attracting the players and strengthen their positions. Some of them are going to realize new diversification strategy. The largest part of the companies prefers to offer to the gamers all the kinds of services and goods which are represented at the online gambling market. The smaller part supposes that the best way to the development and instant growth is to focus on one particular brunch of the industry or some specific product and become the top specialist at this sphere. These two strategies are completely different, but which of them works better?
This question is quite difficult and interesting at the same time, because we can find good and bad examples for both strategies. Some companies have recently declared they chose some direction for the future progress. It doesn’t mean they focus on some key products, but distinguish the most attractive line of the development, which has the great potential. So sales and acquisitions can be called the base of the gambling business, internet gaming market doesn’t change much, though according to some researches people visit gambling sites, but play less. That’s why many companies consider that offering the widest range of products starting from slot games to sports betting is the key to the popularity and high profits.
But other companies think that it is much more profitable to concentrate their attention on specific products and services. It is the easier way to attract new gamblers, if you become the leader of the chosen sector. Though if the company focuses on the quantity it doesn’t mean it has the gap in quality.
Betting Sports Tip: Gambling News-Quality or Quantity?
Wednesday, May 27, 2009
Betting Sports Forum: Hard to imagine
Betting Sports Forum: Hard to imagine
By Paul Moran
Special to ESPN.com
Though news organizations in Maryland and Washington, D.C. have focused a great deal of attention last month on the ominous issues that face the racing industry in the state in which the second jewel of the Triple Crown has been run for the last 134 years, it is difficult to envision a time when the Preakness is run at another venue.
Old Hilltop is the place where Seabiscuit beat War Admiral. The legends have all walked this ground; the immortals have made it a blur beneath their hooves.
The state's political class for far too long resisted pleas for legislation that would legalize alternative forms of gambling until Pimlico and Laurel Park were methodically surrounded by states that facilitated slot machines or other similar devices. Delaware was first, then West Virginia and Pennsylvania. This political class has crippled racing and endangers a once-robust breeding community that is as much part of the state fabric as the blue crab and the Preakness.
Maryland officials are now collectively aghast at the prospect of losing the Preakness in the process of Magna Entertainment's larger interstate bankruptcy. But even if successful in keeping the race at time-worn, frayed and faded Pimlico, it may be too late. In a horse race, the last move will at times prove best. This is never true in business.
Already surrounded by states far ahead in the move to provide racetrack operators and government with new streams of revenue, Maryland, which has yet to plug in a slot machine, finds that the stakes have been raised. If slot machines are popular with many gamblers, sports betting -- prohibited in most states by federal law -- has an even wider appeal that has made wealthy generations of bookmakers.
Delaware Gov. Jack Markell pushed aggressively to legalize Las Vegas-style sports betting at the state's three racetracks, two of which are harness tracks. Delaware was one of four states grandfathered when the federal government outlawed sports betting in the other 46 states. Both houses of the legislature passed the bill in May despite objections from both NFL and NCAA. Markell signed it immediately.
The structure of sports betting in Delaware -- straight betting against a point spread or parlays -- has yet to be determined but officials at Delaware Park, one of the three racetrack/slots casinos in the state support the Las Vegas approach, which adds yet another layer of competition for gamblers in the Mid-Atlantic just north of the stretch turn at Pimlico, a short drive from Maryland's horse farms, many for sale.
The depth of nearby gambling alternatives, including Atlantic City, has isolated Maryland. Slot machines may be insufficient to make a meaningful difference at the bottom line of the racetracks operated by the Maryland Jockey Club which faces an uncertain future. Surely, the business of racing in Maryland is about to change radically but can certainly be preserved in some form. A boutique meeting ending with the Preakness at a state-owned, not-for-profit Pimlico has been suggested and not dismissed.
It is not possible to move the Preakness out of Maryland without changing dramatically the Triple Crown series itself. There is a certain order to the incremental eastward flow -- Louisville to Baltimore to New York -- and though Pimlico has never been what might be considered a showplace, its ragamuffin image has over the years become part of the charm.
A Triple Crown race at the local track is a part of a city's identity, culture and tradition, none of which are movable. Baltimore is joined at the hip to the Preakness no less so than Louisville is conjoined with the Derby. Bourbon in one town, crab cakes in the other.
There is no acceptable alternative. Philadelphia? Slot machines have revived the racing in Pennsylvania but the facility is almost completely focused on slot machines nowadays. Arlington Park? The synthetic surface would make that a controversial destination. Monmouth Park? That's a thought. Hopefully one it will not be necessary to consider seriously.
Betting Sports Forum: Hard to imagine
By Paul Moran
Special to ESPN.com
Though news organizations in Maryland and Washington, D.C. have focused a great deal of attention last month on the ominous issues that face the racing industry in the state in which the second jewel of the Triple Crown has been run for the last 134 years, it is difficult to envision a time when the Preakness is run at another venue.
Old Hilltop is the place where Seabiscuit beat War Admiral. The legends have all walked this ground; the immortals have made it a blur beneath their hooves.
The state's political class for far too long resisted pleas for legislation that would legalize alternative forms of gambling until Pimlico and Laurel Park were methodically surrounded by states that facilitated slot machines or other similar devices. Delaware was first, then West Virginia and Pennsylvania. This political class has crippled racing and endangers a once-robust breeding community that is as much part of the state fabric as the blue crab and the Preakness.
Maryland officials are now collectively aghast at the prospect of losing the Preakness in the process of Magna Entertainment's larger interstate bankruptcy. But even if successful in keeping the race at time-worn, frayed and faded Pimlico, it may be too late. In a horse race, the last move will at times prove best. This is never true in business.
Already surrounded by states far ahead in the move to provide racetrack operators and government with new streams of revenue, Maryland, which has yet to plug in a slot machine, finds that the stakes have been raised. If slot machines are popular with many gamblers, sports betting -- prohibited in most states by federal law -- has an even wider appeal that has made wealthy generations of bookmakers.
Delaware Gov. Jack Markell pushed aggressively to legalize Las Vegas-style sports betting at the state's three racetracks, two of which are harness tracks. Delaware was one of four states grandfathered when the federal government outlawed sports betting in the other 46 states. Both houses of the legislature passed the bill in May despite objections from both NFL and NCAA. Markell signed it immediately.
The structure of sports betting in Delaware -- straight betting against a point spread or parlays -- has yet to be determined but officials at Delaware Park, one of the three racetrack/slots casinos in the state support the Las Vegas approach, which adds yet another layer of competition for gamblers in the Mid-Atlantic just north of the stretch turn at Pimlico, a short drive from Maryland's horse farms, many for sale.
The depth of nearby gambling alternatives, including Atlantic City, has isolated Maryland. Slot machines may be insufficient to make a meaningful difference at the bottom line of the racetracks operated by the Maryland Jockey Club which faces an uncertain future. Surely, the business of racing in Maryland is about to change radically but can certainly be preserved in some form. A boutique meeting ending with the Preakness at a state-owned, not-for-profit Pimlico has been suggested and not dismissed.
It is not possible to move the Preakness out of Maryland without changing dramatically the Triple Crown series itself. There is a certain order to the incremental eastward flow -- Louisville to Baltimore to New York -- and though Pimlico has never been what might be considered a showplace, its ragamuffin image has over the years become part of the charm.
A Triple Crown race at the local track is a part of a city's identity, culture and tradition, none of which are movable. Baltimore is joined at the hip to the Preakness no less so than Louisville is conjoined with the Derby. Bourbon in one town, crab cakes in the other.
There is no acceptable alternative. Philadelphia? Slot machines have revived the racing in Pennsylvania but the facility is almost completely focused on slot machines nowadays. Arlington Park? The synthetic surface would make that a controversial destination. Monmouth Park? That's a thought. Hopefully one it will not be necessary to consider seriously.
Betting Sports Forum: Hard to imagine
Gambling Insiders Blast NFL Phoniness on Betting Sports
Gambling Insiders Blast NFL Phoniness on Betting Sports
The insistence by NFL leaders that sports betting remain illegal fools no one, say gaming experts who assert gambling is the cause of NFL success.
Discussion of the NFL'S aggressive stance against Delaware's legalization of sports betting has caused many gaming industry insiders to speak the truth that all know but pretend doesn't exist. They say the National Football League should be thanking its lucky stars for sports gambling, not opposing it.
NFL spokesmen have insisted the league feels any sports gambling affects the integrity of game results, and leads to corruption of players and games. But observers wonder how legal sports betting would be worse than the huge black market which now exists in the underground sports wagering world.
"How can they say that it will hurt the integrity of the games?" asked Las Vegas handicapper Brandon Lang in an interview with Newsday. "You and I both know that the NFL knows where their bread is buttered. Why is the Super Bowl so big? Because it provides so much action: The coin toss, the National Anthem, all that extra stuff. I laugh every time I hear that from the NFL."
Ex-mob bookie Michael Franzese makes speeches to athletes on the pernicious dangers of gambling and gaming influences. He tells them what the NFL refuses to admit, "Your sport is popular because people are gambling on it."
"Without betting on sports, they (the NFL) wouldn't be building stadiums; they'd be building bleachers," says Lang.
With sports betting as prevalent as it is, experts say the NFL's burgeoning popularity, and ability to sell billions in beer commercials, is based on the interest generated by having action on games. The NFL fools no one when it says gambling must remain illegal; its fanbase is made up of the people doing the gambling.
Gambling Insiders Blast NFL Phoniness on Betting Sports
The insistence by NFL leaders that sports betting remain illegal fools no one, say gaming experts who assert gambling is the cause of NFL success.
Discussion of the NFL'S aggressive stance against Delaware's legalization of sports betting has caused many gaming industry insiders to speak the truth that all know but pretend doesn't exist. They say the National Football League should be thanking its lucky stars for sports gambling, not opposing it.
NFL spokesmen have insisted the league feels any sports gambling affects the integrity of game results, and leads to corruption of players and games. But observers wonder how legal sports betting would be worse than the huge black market which now exists in the underground sports wagering world.
"How can they say that it will hurt the integrity of the games?" asked Las Vegas handicapper Brandon Lang in an interview with Newsday. "You and I both know that the NFL knows where their bread is buttered. Why is the Super Bowl so big? Because it provides so much action: The coin toss, the National Anthem, all that extra stuff. I laugh every time I hear that from the NFL."
Ex-mob bookie Michael Franzese makes speeches to athletes on the pernicious dangers of gambling and gaming influences. He tells them what the NFL refuses to admit, "Your sport is popular because people are gambling on it."
"Without betting on sports, they (the NFL) wouldn't be building stadiums; they'd be building bleachers," says Lang.
With sports betting as prevalent as it is, experts say the NFL's burgeoning popularity, and ability to sell billions in beer commercials, is based on the interest generated by having action on games. The NFL fools no one when it says gambling must remain illegal; its fanbase is made up of the people doing the gambling.
Gambling Insiders Blast NFL Phoniness on Betting Sports
Thursday, May 21, 2009
Betting Sports Tip: Paddy Power Buys Stake in Australia’s Sportsbet (Update2)
Betting Sports Tip: Paddy Power Buys Stake in Australia’s Sportsbet (Update2)
By Louisa Nesbitt
(Bloomberg) -- Paddy Power Plc, Ireland’s largest bookmaker, recently bought 51 percent of Sportsbet Pty Ltd. to expand into Australia’s gambling market.
Paddy Power will pay an initial 48.5 million Australian dollars ($36.8 million) for the stake, payable in cash and the issue of 100,000 shares, the Dublin-based company said today in a statement ahead of its annual shareholder meeting.
Paddy Power is expanding abroad as weakening economies in Ireland and the U.K. affect wagers placed in betting shops. Growth in the amounts staked at Paddy Power’s sports-betting unit accelerated “significantly” this fiscal year, partly due to the expansion of the online business outside Ireland, according to a separate statement.
“The board is satisfied with progress and momentum in the year to date and remains comfortable with the consensus market forecast for 2009 for its existing businesses, subject as ever to the volatility that could arise from sporting results,” Chairman Nigel Northridge said in the statement.
Paddy Power rose 73 cents, or 4.8 percent, to 15.99 euros in Dublin. The stock has advanced 19 percent this year, giving it a market value of 760.6 million euros ($1.04 billion).
The amount staked at Paddy Power’s sports betting business rose 1 percent at betting shops and 31 percent at its internet and telephone division, excluding currency swings, in the 19 weeks to May 12, the statement shows.
The Sportsbet acquisition will see Paddy Power enter a market similar to the U.K. and Ireland, with the same language and similar regulatory environment, Finance Director Jack Massey said in a telephone interview.
“We certainly have other things in the development pipeline we are working on,” Massey said.
Betting Sports Tip: Paddy Power Buys Stake in Australia’s Sportsbet (Update2)
By Louisa Nesbitt
(Bloomberg) -- Paddy Power Plc, Ireland’s largest bookmaker, recently bought 51 percent of Sportsbet Pty Ltd. to expand into Australia’s gambling market.
Paddy Power will pay an initial 48.5 million Australian dollars ($36.8 million) for the stake, payable in cash and the issue of 100,000 shares, the Dublin-based company said today in a statement ahead of its annual shareholder meeting.
Paddy Power is expanding abroad as weakening economies in Ireland and the U.K. affect wagers placed in betting shops. Growth in the amounts staked at Paddy Power’s sports-betting unit accelerated “significantly” this fiscal year, partly due to the expansion of the online business outside Ireland, according to a separate statement.
“The board is satisfied with progress and momentum in the year to date and remains comfortable with the consensus market forecast for 2009 for its existing businesses, subject as ever to the volatility that could arise from sporting results,” Chairman Nigel Northridge said in the statement.
Paddy Power rose 73 cents, or 4.8 percent, to 15.99 euros in Dublin. The stock has advanced 19 percent this year, giving it a market value of 760.6 million euros ($1.04 billion).
The amount staked at Paddy Power’s sports betting business rose 1 percent at betting shops and 31 percent at its internet and telephone division, excluding currency swings, in the 19 weeks to May 12, the statement shows.
The Sportsbet acquisition will see Paddy Power enter a market similar to the U.K. and Ireland, with the same language and similar regulatory environment, Finance Director Jack Massey said in a telephone interview.
“We certainly have other things in the development pipeline we are working on,” Massey said.
Betting Sports Tip: Paddy Power Buys Stake in Australia’s Sportsbet (Update2)
Betting Sports Forum: Legalize Online Gambling
Betting Sports Forum: Legalize Online Gambling
By Bob Barr
Former Georgia Congressman
In 2006, the Congress, which was then still controlled by the Republican Party, passed legislation (then signed by President George W. Bush) that explicitly restricted internet gambling. The “Unlawful Internet Gambling Enforcement Act” (UNIGEA) did this by prohibiting banks, credit card companies, and other financial institutions from processing or transferring gambling-related funds. While the 2006 law has made it virtually impossible for people wishing to place bets online for any activity other than horse racing to do so lawfully in the US, online gambling remains a multi-billion dollar industry offshore and in other countries.
Recently, Rep. Barney Frank of Massachusetts, Chairman of the House Financial Services Committee and a senior member of the Judiciary Committee, introduced legislation that would largely nullify the effects of UNIGEA and legalize non-sports, online gambling. The GOP and many right-wing lobby groups such as Focus on the Family and the Christian Coalition oppose online gambling and support empowering the federal government to prohibit it and other forms of gambling. They can be expected to strongly oppose Rep. Frank’s effort.
Even though Frank’s bill (HR 2267) is imperfect — it would still prohibit betting on “sporting events,” for example, and it would create a significant new federal bureaucracy within the Treasury Department to regulate, monitor and collect revenues from internet gambling licensees — it at least will open debate on the question of why the federal government should be able to put someone in prison for wagering a bet over the internet.
What is needed is legislation that simply and clearly repeals UNIGEA and that repeals or at least curtails the 1961 “Wire Act,” which continues to be broadly interpreted by the Justice Department to prohibit internet gambling. In recent years almost every state has moved to legalize some form of betting, whether by lottery, casinos or racetracks, and it makes no sense — if it ever did — to empower the federal government to continue prohibiting people from using the internet to place bets. If the only way to restore freedom in this respect is to put up with some form of regulation, let’s at least keep the regulatory aspect to a minimum and maximize the ability of adults to place bets online.
Betting Sports Forum: Legalize Online Gambling
By Bob Barr
Former Georgia Congressman
In 2006, the Congress, which was then still controlled by the Republican Party, passed legislation (then signed by President George W. Bush) that explicitly restricted internet gambling. The “Unlawful Internet Gambling Enforcement Act” (UNIGEA) did this by prohibiting banks, credit card companies, and other financial institutions from processing or transferring gambling-related funds. While the 2006 law has made it virtually impossible for people wishing to place bets online for any activity other than horse racing to do so lawfully in the US, online gambling remains a multi-billion dollar industry offshore and in other countries.
Recently, Rep. Barney Frank of Massachusetts, Chairman of the House Financial Services Committee and a senior member of the Judiciary Committee, introduced legislation that would largely nullify the effects of UNIGEA and legalize non-sports, online gambling. The GOP and many right-wing lobby groups such as Focus on the Family and the Christian Coalition oppose online gambling and support empowering the federal government to prohibit it and other forms of gambling. They can be expected to strongly oppose Rep. Frank’s effort.
Even though Frank’s bill (HR 2267) is imperfect — it would still prohibit betting on “sporting events,” for example, and it would create a significant new federal bureaucracy within the Treasury Department to regulate, monitor and collect revenues from internet gambling licensees — it at least will open debate on the question of why the federal government should be able to put someone in prison for wagering a bet over the internet.
What is needed is legislation that simply and clearly repeals UNIGEA and that repeals or at least curtails the 1961 “Wire Act,” which continues to be broadly interpreted by the Justice Department to prohibit internet gambling. In recent years almost every state has moved to legalize some form of betting, whether by lottery, casinos or racetracks, and it makes no sense — if it ever did — to empower the federal government to continue prohibiting people from using the internet to place bets. If the only way to restore freedom in this respect is to put up with some form of regulation, let’s at least keep the regulatory aspect to a minimum and maximize the ability of adults to place bets online.
Betting Sports Forum: Legalize Online Gambling
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