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Soccer yielded a record £1.4 billion ($1.8 billion) in revenues for UK bookmakers into the full year from October 2015 to September 2016, according to numbers released this week by the united kingdom Gambling Commission.

Premier League soccer player Joey Barton was recently sanctioned by the FA for gambling violations but he says the British’s soccer body that is governing to ‘look at unique dependence’ on revenue from gambling companies.

That led to all-time-high profits of £333.4 million ($432 million). The data comes because the sport and its governing body into the UK, the FA, has been accused of having too cozy a relationship that is financial betting companies, who provide it with multiple millions in sponsorship deals.

Meanwhile, there have lately been several profile that is high of soccer players succumbing to gambling addiction and the BBC has reported that gambling among players is widespread.

Most recently, Burnley midfielder Joey Barton admitted to bets that are placing 1,260 matches between 2006 and 2013, including at least five in which he was a player.

He had been banned and fined from the overall game for 18 months, and later fired by Burnley. Professional soccer players are prohibited from placing bets on the sport that is own of whether they truly are directly tangled up in the games or not.

Elephant into the Locker Room

Barton, an outspoken social media user, has admitted he is a gambling addict and criticized the FA for neglecting to take into account a report that is medical showed he’d looked for help for his addiction. He also accused the FA of hypocrisy.

The FA has a longstanding deal with bookmaker Ladbrokes while, in the 2016-17 Premier League period, ten of the 20 groups competing into the division were sponsored by betting businesses.

‘If the FA is really severe about tackling the culture of gambling in football, it requires to view its very own dependence on the gambling organizations, their role in soccer plus in sports broadcasting, rather than just blaming the players who place a bet,’ stated Barton.

In the wake associated with Barton affair, FA Chairman Greg Clarke stated the organization would review its policies on betting sponsorship, also its cope with Ladbrokes. It is expected to create a determination in the issue later this summer.

FOBTs Revenues Additionally Break Records, But Also For How Long?

Meanwhile, the other important takeaway from the new UKGC stats had been that another cause célèbre associated with British media, fixed-odds betting terminals (FOBTs), also yielded record revenues for the industry that is betting.

The terminals, which are installed in betting shops through the nation, now account fully for more than 50 percent regarding the industry’s land-based revenue that is betting but there is a perception that they’re responsible for increased gambling addiction and social problems.

The government that is british undertaken overview of the machines, which might result in a reduction of maximum stakes. Brits wagered a record $1.82 billion on the machines year that is last.

Aristocrat Leisure Hits Jackpot, Gaming and Slot Manufacturer Earnings Soar 53 Percent

Earnings for Aristocrat Leisure aren’t having a leisurely walk on the Australian Securities Exchange, but alternatively rushing towards record profits for the Sydney-based gambling machine maker.

Recently minted Aristocrat Leisure CEO Trevor Croker is in a great position after their company posted strong earnings for the past six months. (Image: GGRAsia)

Aristocrat revealed this week through its half-year fiscal report that is financial its net profits for the six months closing March 31 totaled AUD$249.6 million ($187.4 million). That determines to a 53 percent development compared to the period that is same 2015-2016.

Brand New Aristocrat Leisure CEO Trevor Croker, a longtime worker who took the place in March, provided credit to the employees who develop and manufacture the gaming machines. ‘One of the keys part is getting the best game design skill,’ the administrator told the Australian Financial Review.

Shares of Aristocrat soared during Thursday trading to highs that are new. The stock closed up almost four percent to $15.70. Though it is headquartered in Australia, Aristocrat has offices on every continent that is livable including six locations in america.

Australian for Cha-Ching

Aristocrat Leisure manufactures everything from conventional themed slot machines, to innovate technological formats that are progressive to gambling platforms geared towards millennials.

The australian company has its eyes set on new, formerly untapped markets with profits on the rise. One focus could be the South Korean gambler, a demographic that is traveling to foreign gambling enterprises to gamble.

During the gaming that is global earlier this month, Aristocrat revealed A southern Korean-centered gaming device based on the nation’s mythology. Citizens in Southern Korea are banned from stepping foot inside all but among the country’s 18 foreigner-only casinos.

Aristocrat’s reasoning for the new product is that South Koreans are beginning to more frequently endeavor into gambling enterprises in Vietnam, Singapore, and China’s Macau. Aristocrat is also looking to Japan, as the country readies to end its commercial gambling prohibition.

The video gaming maker says it invested over $13.2 million into development and design throughout the last six months, and certainly will maintain that spending level moving forward.

Aristocrat provides games for numerous casinos all over the world. Gambling enterprises that recently opened in the Philippines, Malaysia, and South Africa all have devices supplied by the Aussie manufacturer.

Leisure Suit Fail

The headlines haven’t all been good in present months for Aristocrat. It absolutely was fall that is just last the video gaming company ended up being sued for allegedly manufacturing ‘deceptive’ devices.

A problem that is disgruntled charged Aristocrat, along with the Crown Casino in Melbourne, of using psychologically manipulative schemes to convince players they’re on the verge of striking it rich.

Attorneys for Shonica Guy, the alleged victim within the full case, stated Aristocrat game Dolphin Treasure disguises losses as wins with the use of deceptive sounds and images.

Aristocrat was never found guilty of any wrongdoing, but Guy, along with powerful Australian Senator Nick Xenophon, initiated a campaign called ‘Pokie-Leaks.’ The motion sought information that is confidential gaming maker employees who possessed knowledge of deceptive gaming techniques and how a industry targets vulnerable players.

Australia has the highest gambling rate in the world. The Aussie that is average bettor around $2,300 annually on gambling.

Federal Sports Betting Ban Repeal ‘Discussion Draft’ Introduced in House Committee

A US sports betting ban currently in the books was there since 1992, when the expert and Amateur Sports Protection Act (PASPA) was signed into law by then-President George H.W. Bush. A quarter century later, New Jersey’s efforts to override that legislation have over and over failed in federal courtrooms.

US Representative Frank Pallone is initiating the conversation on Capitol Hill to repeal the federal ban on sports gambling. (Image: Bill Clark/Getty Pictures)

The Garden State asked the US Supreme Court to consider the case after numerous appeals. But Acting Solicitor General Jeffrey Wall has encouraged the high court this week that the charges being levied against PASPA by New Jersey do perhaps not merit acceptance, effectively ending the state’s chances at catching a Hail Mary.

In response, Rep. Frank Pallone (D-New Jersey) introduced a ‘discussion draft’ of the comprehensive gaming bill that would eliminate federal obstacles preventing states from creating their own gambling regulations.

Formally known as the Gaming Accountability and Modernization Enhancement Act (a title that has been seemingly crafted to trigger its ‘GAME Act’ acronym), Pallone’s conversation begins within the homely House Energy and Commerce Committee, where he functions as the Democrats’ ranking member.

‘Despite the federal gaming laws and regulations in place today, Us americans are betting as much as $400 billion a year on sporting events alone,’ Pallone stated in a statement. ‘It’s time to recognize that the statutory legislation are outdated, additionally the GAME Act will modernize them by increasing transparency, integrity, and consumer protections.’

The GAME Act might have no impact on parimutuel horse and dog track wagering.

Moving on PASPA

When PASPA had been signed into legislation, it offered exemptions for Nevada, Delaware, Montana, and Oregon, as those four states had some type of legalized sports gambling in devote 1992, with regards to was enacted. Today, only the Silver State takes advantage that is full of resistance.

Pallone’s discussion draft, which presently does not have a residence bill number, would make sports betting essentially, in addition to daily fantasy sports (DFS), a state issue, not a federal one. Jurisdictions like brand New Jersey wouldn’t face federal prosecution for authorizing its casinos and racetracks to offer moneylines and point spreads on sports, should his outline one day become law.

The discussion draft summary says the overall GAME Act would ‘provide that someone or governmental entity is perhaps not subject to civil or criminal obligation under federal law for gaming activity that is lawful under state law.’

PASPA opponents, including other New Jersey politicians, have actually said the law is discriminatory, as it enables Nevada to profit off activities gambling, while banning others. The argument is also made that the Tenth Amendment should make sports gambling a situation issue, as the energy is not reserved towards the government that is federal the US Constitution.

Pallone vs PASPA Odds

Sports gamblers outside Nevada whom use offshore betting networks will probably support Pallone’s goal of repealing PASPA. However a long road continues to be before legal bets on sports will take place outside of the Silver State.

Challenges to law that is federal always come as the underdog, especially one as old as PASPA. The recent verdict from Wall, and the usa Supreme Court’s expected decision to dismiss the New Jersey challenge, also doesn’t bode well for a sports betting repeal.

But Pallone could have a friend, and a powerful one at that, over the aisle in the bulk on the Energy and Commerce Committee. Rep. Joe Barton (R-Texas) is vice chair of the committee, and it has very long advocated for poker, a game he personally enjoys, become online that is legal.

Meadowlands Racetrack Owner Jeff Gural Patient Over North Jersey Casinos

The Meadowlands Racetrack owner who campaigned to end Atlantic City’s monopoly on casinos in New Jersey last year says he’s now ready to take a wait to see approach before resuming their efforts.

Jeff Gural claims permitting a casino to complement his Meadowlands Racetrack is essential to safeguarding the horse venue’s future. (Image: Reena Rose Sibayan/The Jersey Journal)

Talking at the East Coast Gaming Congress in Atlantic City this week, real-estate developer Jeff Gural explained his belief that Garden State voters will likely be more available to bringing casinos north should gambling come to your New York City metro in the coming years.

A ballot referendum to expand gaming and allow two multibillion-dollar integrated resorts at least 72 miles outside Atlantic City was easily rejected during last November’s election.

‘I do not wish to see this come on the ballot and lose again,’ Gural reported, as reported by the Associated Press. ‘ I’d rather wait six years and wait until New York is either getting or open ready to open, at which point I think voters will say, ‘Wait an extra, what are these Atlantic City individuals arguing?”

Opposition to allowing casinos to move north in nj said expansion that is such deliver a devastating financial blow to Atlantic City. a campaign that is well-financed televisions and radio with spots showcasing the alleged impact gambling in north counties could have on the currently fiscally challenged oceanfront town.

New York presently has a ban on enabling a casino to be put in Manhattan, but that ordinance is defined to expire in 2020.

Meadowland of Opportunity

Gural’s racetrack, like so others that are many the country, is hurting. Attendance is down at live horseracing events, and parimutuel wagering continues to aside decline from the sport’s Triple Crown races.

The estate that is real had proposed the construction of a casino resort at the Meadowlands that would cost the maximum amount of as $4 billion. Fellow brand New York businessman Paul Fireman, the former mind honcho of Reebok, suggested a similar task near their Liberty National Golf Club.

Gural’s motives were clear: he needs more and more people at their Meadowlands location to guide the overhead of continuing to host horse races. And there’s a good amount of proof that incorporating a casino helps resurrect thoroughbred and harness racing.

A slots-only venue that opened in June of 2015, has helped revitalize the once struggling track in Massachusetts, the Plainridge Park Casino. Parimutuel bets have doubled into the couple of years since the casino flooring opened.

Six-Year Itch

Failed ballot referendums do come with effects, as comparable concerns cannot be posed to voters for at the least two years following rejection.

Gural thinks allowing New York to tip its hand before pressing on improves his odds in gaining support from residents, and another day hosting a full-fledged commercial casino at the Meadowlands.

He believes the millions of North Jersey residents, and tourists, would more than support such an investment while he admits should New York City get a casino, Manhattanites would be less enticed to travel across the Hudson to New Jersey. Adjacent to their racetrack could be the Meadowlands Sports Complex, home to the NFL’s nyc Giants and Jets.

Philippine Casinos Will Be Forced to Adhere To Anti-Money Laundering Laws

Philippine gambling enterprises currently run without much financial oversight from the federal government, but the chances of that changing into the not too distant future seem strong.

The time that is next high roller attempts to go large sums of money through Philippine casinos, a watchdog might be looking over their shoulder. (Image: Bullit Marquez/Associated Press)

The Senate that is philippine is to soon pass a measure that designates gambling venues as institutions covered by the nation’s Anti-Money Laundering Act of 2001. If the legislation pass the upper chamber and find comparable majority support in the home of Representatives, President Rodrigo Duterte would sign the statute in his ongoing efforts to rid the country of corruption and crime.

Senator Ralph Recto, whom introduced the amendment to add casinos under the anti-money laundering oversight, claims the 2001 framework that is legal lacking, and that casinos should be subjected to the Philippines Financial Action Task Force (FATF).

The legal execution would be that cashiers at land-based gambling enterprises, and online payment processors facilitating deposits and withdrawals for internet gambling sites, would need to report large or suspicious transactions to the authorities.

Since Duterte took the presidency last June, he’s been on a mission to get rid of the drug trade and other criminal syndicates, including underground gambling rings, through the Philippines. Though he’s lessened their opposition to legal gambling in current months, he remains adamant that the appropriate taxes be paid to Manila.

US Leads by Example

The efforts to include casino and gambling that is online under the country’s anti-money laundering protocols takes a page out from the US’ playbook.

In America, the Bank Secrecy Act (BSA), which dates back to 1970, requires finance institutions to aid the government in detecting and preventing money laundering. Casinos were included with the law’s oversight in 1996.

Whenever a gambler transacts $10,000 or even more in a single 24-hour period, gambling enterprises within the US are needed to file a Currency Transaction Report. In addition, if cages suspect fraudulent or behavior that is criminal they’ve been lawfully bound to complete a Suspicious Activity Report.

Though casinos did not have the best reputation at adhering to the BSA in the years following their addition, the industry has recently received praise from the authorities for using ‘significant steps’ to block money laundering.

Blue Collar Gamblers Exempt

While the US says casinos today are better deterring the illicit movement of dirty cash, the Philippines financial regulatory outline allows numerous checks and balances to get unchecked. That’s as the Southeast Asian country’s anti-money regulation requires only transactions of P5 million ($100,000 USD) or more to be reported.

The threshold that is extremely high the great majority of casino transactions will continue to be finished without direction. But it will offer some type of defense against another major cybercrime.

In February of 2016, millions of dollars acquired through a cyber heist of the Bangladesh account at the US Federal Reserve ended up being laundered through two casinos in the Philippines. Hackers had scheduled nearly $1 billion in withdrawals from the Manhattan-held banking account, however a spelling mistake stopped the payments, but not before $81 million had been acquired.

About $38 million has since been recovered by international law enforcement agencies. The crooks behind the seizure remain unknown and at big.

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