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Category Archives: Gambling
College Football Win Total Predictions: ACC – The Sports Gambling Podcast
Posted: July 16, 2021 at 1:20 pm
In case you missed it, check out my column on theMAC Win Totals,Sunbelt Win Totals,Mountain West Win Totals, Conference USA EastandWest Win Totals, and AAC Win Totals.
Were going conference by conference looking at each teams win total for the upcoming college football season. With the Group of 5 conferences completed, we can move on to the big boys. Im an ACC guy living in ACC country but other than Clemson, the conference has been underwhelming of late. With teams like UNC, Miami, and others on the rise hopefully that starts to change. Lets look at the Atlantic division first.
Right off the bat, NC State has gone over 6.5 wins in six of the last seven seasons. HC Dave Doeren has this program in a rock solid place. 2019 was an injury-riddled mess, but the Wolfpack have gone bowling every other season except Doerens first, back in 2013.
Returning from a broken leg this season is QB Devin Leary who will have all three of the Packs leading receivers from last year back in the fold. Four starters on the OL return and both RBs Zonovan Knight and Ricky Person are productive. Barring Leary stays healthy, this offense should crank out the points in 2021.
Defensively, the unit wasnt as stingy as usual last year. NC State allowed over 40 points in four games, of which, they lost three. In fact, their only regular season Ls were the three games where the defense struggled mightily. Returning are nine starters from a year ago led by an exceptionally strong group of linebackers. Specifically, be on the lookout for Payton Wilson who might be the best LB in the ACC. Expect this unit to improve in 2021.
Looking at the schedule, every game in the ACC is winnable with the exception of the home matchup vs Clemson. However, getting UNC and Miami from the Coastal is tough. Out of conference, The Wolfpack have USF, Furman, and La Tech at home and a road trip to Mississippi St. Overall, its a manageable schedule and this is an above .500 team. Call me a homer but smash the Over.
My Prediction: OVER
The fact that FSUs win total sits at 5.5 is a clear sign how quickly this program has fallen off. Thats what happens when you go 3-6, 6-7, and 5-7 over the last three years. Other than the UNC upset a year ago, 2020 was a total disaster. Losing to GT, getting whipped by 42 vs Miami, by 32 vs Louisville, and by 24 vs Pitt is unacceptable.
In Mike Norvells defense, first year coaches get a free pass from me for last year. The Noles were decimated by injuries, COVID, and opt-outs. They also played a slew of underclassmen which should benefit them in 2021.
Offensively, Jordan Travis returns at QB but UCF transfer McKenzie Milton should win the job. Travis is an athlete who is dangerous with his feet but lacks top notch passing abilities. Milton should be able to open up the offense with his arm. While theres turnover in the RB and WR positions, the OL returns all five starters. The unit needs to be stronger, but the experience and cohesiveness should help.
Last year, the FSU defense was abysmal finishing close to last in the ACC while giving up 36 points per game. The transfer portal has gone wild on this side of the ball with several players departing and several players coming in. As of now, it would be a giant leap to assume this unit drastically improves.
Scheduling Florida and Notre Dame out of conference isnt going to help a rebuilding team make a bowl game. Throw in road games at Clemson, at UNC, and a cold weather trip to BC in late November and this schedule is rough. Theres three sure-fire wins (youd hope) vs Jacksonville State, UMass, and Syracuse but it gets dicey after that. I need FSU to prove it to me first.
My Prediction: UNDER
The Demon Deacons have a nice and easy start to the season, opening up with Old Dominion and Norfolk State at home. Apparently, they are attempting to show their dominance over the Tidewater area of Southern VA. Thats fertile recruiting ground so perhaps the scheduling isnt coincidental.
The other out of conference matchups are at Army and at UNC (this technically isnt counted as an ACC game as it was scheduled by the two schools independently). Wake ends the season on a tough note with road games at UNC, at Clemson, at BC, and home to NC State.
The Deacs went 4-4 in the regular season last year before dropping a bowl game to Wisconsin, 42-28. All 11 offensive starters are back if you consider Christian Beal-Smith who split time with Kenneth Walker last year, a starter. QB Sam Hartman has been around forever and watch out for our DFS darling, Jaquarri Roberson, at WR (see highlights). If the offensive line can improve, Wake is going to score a ton of points this year.
However, their defense isnt exactly a steel curtain. Their secondary returns in full but theyll be replacing portions of the DL and LB group who both got pushed around too often a season ago. Allowing 436 yards and 33 points per game isnt going to cut it and I worry improvement this year may be minimal.
Overall, Dave Clawson has done an excellent job in Winston Salem. Theres a lot of winnable games on the schedule, but reaching 8 may be a stretch. In his seven years at the school, the team has only reached that many regular season wins once, going 8-4 in 2019. This line is placed perfectly but I believe a 6-6 season has a higher likelihood than 8-4.
My Prediction: UNDER
Boston College Season Preview | The College Football Experience (Ep. 679)
The Golden Eagles went 6-5 in 2020 under first year coach Jeff Hafley. While the wins werent all that impressive, it should be viewed as a positive step in building this program back up. Things got a bit stagnant in Chestnut Hill under Steve Addazio who couldnt win more than seven games in a season in the seven years he was Head Coach.
The Notre Dame transfer, QB Phil Jurkovec, shined in his first year as a starter. During a three game stretch in October, the quarterback threw for over 300 yards in each contest vs UNC, Pitt and VT. The OL brings back all five starters and wideout Zay Flowers has all ACC potential. Sure, they have to replace TE Hunter Long and they need a tailback to step up but this offense will turn some heads this season.
Its a new day for Boston College as their offense will be a step ahead of their defense for a change. Giving up over 40 points to VT, Notre Dame, and UVA isnt ideal but there were more impressive outings like limiting UNC to 26 or even limiting Clemson to 34 in a tight loss. Theyll have several gaps to fill from players that have graduated so Id expect this unit to be no more than a mid tier ACC defense.
Looking at the schedule, theres a good chance BC starts 3-0 vs Colgate and at UMass and Temple. The competition spikes quickly with home dates vs Mizzou and NC St and road tilts against Clemson and Louisville. Three of the last four games are home affairs which should prove to be a strong end to the season.
Similar to my Wake Forest breakdown, 8-4 is a tall order for a team that hasnt won that many games since 2009. With a slightly easier schedule than Wake, Ill lean Over but Im not betting the house on it.
My Prediction: OVER
Louisville Cardinals Season Preview | The College Football Experience (Ep. 722)
Entering the 2019 season, the hire of HC Scott Satterfield seemed like a slam dunk. In his first season at Louisville, he capped off a 7-5 regular season with a win over Mississippi St in the Music City Bowl. By all accounts, it was a solid first year for the Cardinals. However, 2020 was more of a struggle and Satterfield finished year two with only a 4-7 record.
The Cardinals return 8 starters on offense including the dynamic Malik Cunningham at QB. While the dual threat QB is a human highlight reel, he was also responsible for 15 turnovers last season. It goes without saying that he needs to be more careful with the ball this year.
Louisville needs to replace a bunch of skill position guys that are now in the NFL but Jalen Mitchell and Hassan Hall should step right up at RB. Restocking the WR position may be more of a challenge but lets see what Georgia Southern transfer Shai Werts (previously played QB) can bring to the team. Upfront, four offensive lineman which will certainlyhelp.
Satterfields gang is going to have to score some points because the defense could be iffy. The DL should be solid but the linebacker and defensive back positions will be very young and inexperienced. Expect some struggles especially early on vs explosive offenses like Ole Miss and UCF.
Speaking of Louisvilles opponents this season, the Cardinals decided to really challenge themselves outside of the league. They play Ole Miss at a neutral site and get Eastern Kentucky, UCF, and their annual game vs Kentucky at home. Not many teams in the country play three out of conference games against teams like that. Best case scenario probably has Louisville 2-2 here.
In conference, Louisville is fortunate to get UVA and Duke from the Coastal. Plus, UVA is a home game and traveling to Duke is never a daunting task (half the stadium will be fans of the road team). Hitting the Over might come down to consecutive road trips at FSU and at Wake. Win both and Louisville has a shot. Drop one and we may be looking at a 6-6 season. Louisville will get to a bowl but it may be by the skin of their teeth give me the Under.
My Prediction: UNDER
Whatever happened to the Syracuse program? It was just the 2018 season when The Orange won double digit games with QB Eric Dungey under center. It seemed like the team fell apart as soon as he graduated. In 2019, Tommy DeVito never looked the part at QB and Syracuse limped to a 5-7 season. It all unraveled in 2020, with Dino Babers squad only going 1-10.
To be fair, the Orange had a lot to deal with in 2020 including opt outs and missed games due to COVID. At one point they had a fullback playing offensive line. However, Syracuse wasnt the only team dealing with difficult circumstances last year, and with Babers entering his sixth season, his seat is starting to smolder.
For the coming season, DeVito is back but watch out for Mississippi St transfer Garrett Shrader to win the starter QB gig. Sean Tucker is a very solid RB and they have some nice wideouts even with Nykiem Johnson transferring out. The biggest question mark is the offensive line thats been awful the last couple of years. Improved line play and more consistent QB production will go a long way in turning around this program.
Looking at the defense, they werent very good last year but the anemic offense didnt do them any favors. The D line is loaded with super seniors and 11 of the top 12 tacklers from last season return but there are some gaps to fill in the secondary. This can be a much improved unit from a season ago especially if the offense doesnt continually put them in bad situations.
As for the schedule, the out of conference slate is tricky. At this point, the Liberty and Rutgers programs are further along and should beat Syracuse even with both games in the Carrier Dome. While the game vs Albany will be a W, theres a tough road trip to Ohio. Earlier in the offseason, I was predicting the Bobcats to pull the upset but their coach Frank Solich just retired due to health issues. Especially being a Week 1 game, this is a break for Syracuse.
If Dino Babers can get two out of conference wins theres a chance of hitting the Over. However, Syracuse will be a dog in each of their eight conference games. Unluckily for them, they miss out on playing fellow cellar-dwellers Duke and GT from the Coastal. I want to pick the Over but I just cant. Theyll surprise someone within the league and get to a push, but two conference wins is a stretch.
My Prediction: UNDER
Clemson Tigers Season Preview | The College Football Experience (Ep. 688)
Will Clemson go undefeated in the regular season or will they stumble somewhere along the way? Obviously, the opening week matchup vs Georgia is a toss up. If you are picking the Over you have to feel confident about the opening week. It would be a shame to burn a ticket after just one week.
In conference, there are road games at NC St, at Pitt, and at Louisville which could be tricky but this is Clemson. Last time they played each school they won by 45, 35, and 35 respectively.
Clemson has had some momentary lapses of concentration vs ACC schools (like a 2017 loss at Syracuse or a 2016 loss at home to Pitt) but the Tigers will be a double digit favorite in every game except Week 1. The fact that we can remember each ACC loss over the last five years speaks to Clemsons dominance over the conference.
Yes, Trevor Lawrence, Travis Etienne, and others are gone but Clemson will reload. DJ Uiagalelei will fill in for Lawrence without missing a beat and you know Dabos got a stable full of skill position guys ready to roll. Just looks at with DJ U did in limited action last year.
Perhaps more importantly, the defense has a chance to be special this year. The unit played a lot of young guys a season ago and these players now have experience to go along with talent. Even with star power lost on both sides of the ball, you could argue Clemson could be better than a season ago.
With that said, Im on the Under. The UGA game is a 50/50 toss up and theres always a chance of an upset in-conference. Now, if youve bet against Clemson in recent years, you are probably broke, so tread lightly. I certainly dont love the play.
My Prediction: UNDER
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College Football Win Total Predictions: ACC - The Sports Gambling Podcast
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Blackpool South MP Scott Benton responds to gambling industry gifts and ‘fat-shaming’ accusation – Blackpool Gazette
Posted: at 1:20 pm
The MPs register of interests revealed Mr Benton accepted 7,494.60 in tickets and hospitality for major sporting events during June and July.
He took hospitality at Royal Ascot, worth 1,400, from the Betting and Gaming Council, and a ticket and hospitality for Wimbledon worth 1,100 from Gibraltar firm Entain Operations.
Entain Operations owns multiple gambling sites across the UK, including bookies Ladbrokes and Coral.
Mr Benton also bagged free tickets to Euro 2020 games, including a ticket and hospitality at the England versus Denmark semi-final worth 3,457 from Entain Operations, and the same at the England versus Czech Republic game worth 1,537.60 from online casino and bingo firm Gamesys Group.
Mr Benton told The Gazette his gifts from the gambling industry had not prompted his push for a super casino and that, while being filmed outside bookies William Hill in South Shore by the Betting and Gaming Council, he was not promoting high street betting shops.
He was filmed saying [Theyve] been closed for much of the last 12 months because of Covid but now theyre open and customers can safely go in and put bets on a whole range of different sports.
This is of course giving millions of pounds back to the Treasury to help the UK spend money on vital public services, as well as supporting key sports including horse racing, greyhounds and lower league football.
But Mr Benton claimed: Ive never urged people to go out and put a bet on or support betting shops.
I dont think its fair to say I was promoting high street betting shops or urging people to support them.
I said that betting shops are a key part of the high street and they encourage people to go out and spend locally and are as much a valid part of the high street as any other business. That is true.
In relation to Mr Bentons plea to culture secretary John Whittingdale to review the case for a super casino in the resort, which came the same day he received freebie tickets to the Euro 2020 semi-final, the MP said the two were unrelated.
There is no connection, Ive long been in favour of a regional casino in Blackpool, he said.
Mr Benton added that his 'fat-shaming' tweet to Blackpool labour councillor David Collett was "light-hearted."
The MP came under fire by Coun Collett yesterday evening (Thursday, July 15) after the councillor's criticism of the gambling industry gifts declared on Mr Benton's register of interests prompted a 'fat-shaming' response.
Coun Collett said Mr Benton had reverted to "playground bullying" in the wake of criticism.
Mr Collett tweeted: "Scott gets a free ticket to the Euros from a gambling company and suddenly Blackpool needs a new casino, priceless. Greggs once gave me a free pasty so Ive sold the town hall to the Great British Bake-off."
In response, Mr Benton tweeted: "More than one free pasty I expect by the looks of it."
Coun Collett, who is also a trainee oncology nurse at Blackpool Vic, said he was "fat-shamed" by the MP and branded the retort "playground bullying."
But Mr Benton, who is co-chairman of the All-Party Parliamentary group on eating disorders, said it was a "light-hearted" response.
Mr Benton told the Gazette: "David is an elected labour councillor, and he makes frequent comments on my social media pages, some of which I've found unhelpful and offensive.
"As an elected councillor himself he is used to the rough-and-tumble of politics. My comment was light-hearted in response to something he tweeted himself. If elected representatives are going to engage with me on Twitter, they have to be used to a light-hearted response.
"I am the chairman of the APPG for eating disorders, we've done huge amounts of work in that area."
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Global Online Gambling Industry Statistics and Trends (New Case Study) – nativenewsonline.net
Posted: July 7, 2021 at 3:10 pm
Details
We analyzed over a hundred online casino platforms to understand the current state of the iGaming industry and determine its long-term potential.
Specifically, we looked at player base, revenue, gaming licenses, problem gambling and more stats that should help us get a complete overview of the market.
Using data from Statista and GlobalNewsWire, we managed to discover some interesting findings.
Now, its time to share what weve uncovered.
Finding the exact number of online casino players is nearly impossible.
There is no way to determine the market value globally, but data scientists from Grandview Research expect the market to reach $127.3 billion by 2027 with a CAGR of 11.5%.
The massive growth prediction comes from the rising popularity of online sportsbooks and the freemium business model of online casinos that lure players with no deposit bonuses. Also, the massive smartphone adoption and cheap internet data plans are driving the market towards exponential growth.
At the moment of writing, the American Gaming Association (AGA) estimates that there are over 2800 active gaming websites that offer bingo, lottery, poker and slot machines.
Here are some key findings from our analysis:
More gambling experts are starting to realize that the transition to the digital environment is inevitable. Soon, online casinos will take over the land-based market and replace the fancy and posh casino with advanced virtual environments that replicate the same feeling from the comfort of your house.
But what are the main reasons why online gambling is the future of the casino industry?
Lets find out.
Technological advancements allow gambling operators to expand their reach and improve their user experience.
The industry is now working on enhancing the gambling experience by blurring the lines between reality and virtual. Another concern that operators have is that not all players are 100% safe when gambling online.
Here are the most important gambling trends for 2021:
One of the main driving factors of online gambling is the implementation of cryptocurrency payments.
Ethereum, Bitcoin and other coins are quickly becoming a mainstream payment method, which most gamblers would prefer using instead of e-wallets thanks to the advantages that they offer, including:
This year, cryptocurrency has finally reached the attention of the masses.
That automatically translates to increased demand for crypto payments, especially for gambling purposes. Thanks to crypto, your online transaction activity wont be leaked to third parties so that you will be more protected from scams and hackers.
Pirate casinos are already a thing of the past.
Twenty years ago, internet gambling was still in early development. Therefore, the operators could freely change the odds of the games, lie about the bonuses they offer or even deny to payout large amounts.
Today, scamming players can potentially lead to a permanent ban or even jail time. There are dozens of institutions responsible for regulating gambling platforms and issuing licenses, as well as testing institutions that verify if the operator has tampered with the games algorithm.
Here are the four primary regulators that you can trust when gambling online:
Whenever you join a new casino, check out their footer to see if they have a legit gambling license. Additionally, see if they are monitored by a Random Number Generator testing company like eCOGRA. This way, you will ensure that youre gambling in a safe environment without having to worry about getting scammed.
VR and AR technology is expected to become the next big thing in the gaming industry.
Even though the media overhyped the technology in the past few years, it is finally coming to the online casinos. Game providers like NetEnt or Microgaming have announced that theyre already working on several VR and AR titles, including their staple slot machine Gonzos Quest.
To top it off, there is a rumour that gambling giants are discussing creating a functional VR casino that will allow players to meet and gamble real money in a land-based casino without leaving their homes.
Only time will tell if Virtual Reality is a great technology, but from what weve seen so far, we expect it to impact our gambling behaviour and change the way we use online casinos forever.
Sociologists expect globalization to reach a tipping point soon.
Technology is the main reason why globalization is possible on such a large scale. Therefore, countries, where gambling content is restricted will have no choice but to allow their citizens to place wagers online in a regulated environment.
Cryptocurrency and off-shore gambling sites already allow players from restricted countries to join the action and enjoy casino games in a licensed environment. Elon Musks Starlink will also contribute to the global internet movement, making online gambling available anywhere in the world.
Playing casino games is entertaining, but its important to mention that it can also lead to compulsive behaviour.
The risk that gambling carries goes beyond losing some money. It can harm your relationship, career or even lead to serious mental illnesses.
Here are five key problem gambling statistics that you need to consider:
We hope you enjoyed our in-depth online gambling case study.
The key takeaway?
Online casinos are leading the market, and they will continue to do so as more operators start to implement cryptocurrency payments and get licensed internationally.
Still, it would be best if you were careful not to fall into the trap of gambling addiction, which is constantly growing as casinos become more accessible to the masses.
Good luck!
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Global Online Gambling Industry Statistics and Trends (New Case Study) - nativenewsonline.net
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What should you take into consideration when choosing a gambling website to bet on? – Santa Clarita Valley Signal
Posted: at 3:10 pm
Everyone who is interested in the iGaming industry knows that there are way more bookies and casinos to choose from compared to a few years ago. Nowadays, most betting operators can obtain a license from a reputable gambling authority way easier than before. Consequently, there are hundreds of gambling platforms to pick from, and each one offers something unique.
People who decide to bet online need to check many things before choosing their new betting website. We assume that most of you will review the sportsbook and the casino, as well as the bonus section, but there are many other things to take into account, so lets check some of them.
Try to learn more about the brands history
This might seem obvious, but many people forget to learn more information about the given operators history. Luckily, people who visit https://efirbet.com/en/melbet/ and read Efirbets review will learn everything about one of the most popular betting platforms in the world. Those who dont want to read any in-depth reviews have to open the given bookie/casinos website and find an option called About us. Sometimes, the betting platforms may include this information near its footer, so make sure to take a good look at the website.
Needless to say, it is probably not a good idea to open an account on a platform that does not provide any information about itself. You could try to ask the customer support department for help, but the people who work there are usually not a part of the bookie/casino. Therefore, they probably wont be able to provide you with this information.
The additional betting sections
Almost every gambling operator has a casino and a sportsbook, so you shouldnt be surprised if you can put them to the test. However, the thing that makes some brands better than others is the additional betting sections.
For example, people who skim through Efirbets review of Melbet will see that one of Europes most prominent platforms offers its clients loads of betting options. In addition to the casino and the sports section, punters can also try out lotteries, eSports, fast games, TV games, bingo, poker, and so on.
Even though you may not be interested in everything a given brand has to offer, the fact that you have more options to choose from is always a plus.
Multiple language options
People who dont speak English should definitely check if the given betting platform supports numerous language alternatives. Although this is one of the most popular options in the world, some bettors prefer to use their native language. As a result, many leading online bookmakers and casinos often let users choose from things like German, Russian, Spanish, Finnish, etc.
It should be noted that some brands may even allow you to access a unique version of their website, depending on your preferred language. So, dont be surprised if you have access to additional features and promos.
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Gambling adverts: should they stay or should they go? – The BMJ
Posted: at 3:10 pm
The case for reform grows stronger
A YouGov poll published in June 2021 of 12247 adults and 2513 children suggested that the British public wants to see changes to the way gambling advertising is regulated. With 77% of adults supporting a ban on gambling advertising on television and radio before 9 pm and 63% of adults supporting a total ban on the advertising of gambling products, this is a clear call to arms for our nations decision makers.1
These findings, striking in their clarity, are consistent with growing calls for reform. Advocacy groups such as Gambling with Lives2 and the Big Step3 argue for a total ban on gambling advertising, and the all party parliamentary group on gambling harm is recommending a ban on advertising in sport, direct marketing, and inducements.4 Similarly, the House of Lords select committee proposed that gambling advertising is prohibited in or near sports grounds or venues, including on team kit and in programmes.5
There seems to be a strong case for rethinking the regulation of gambling advertising in the UK, and the only question now is how far the reforms should go.
The way people gamble and the speed at which they are able to do it has evolved since the UKs Gambling Act was fully implemented in 2007. The constant availability of gambling products has rendered existing legislation inadequate. Increasingly, social media platforms are being used to promote gambling and extend operators market share through highly visual video content, which is seen by children and young people. In one survey, two thirds (66%) of respondents aged 11-24 reported seeing gambling promotions on their social media channels.6
Another concern is the close ties between gambling and sport, with sponsorship having a key role in creating brand awareness. In the 2020-21 football season, 85% of premier league and 70% of championship clubs had a gambling sponsor or partner.7 Many believe these shifts have helped normalise gambling as a low risk recreational activity to an increasingly younger audience. After many months of lockdown, the Euro 2020 football championships have brought a welcome distraction, but current legislation means that children watching football with their families will be exposed to gambling adverts despite the whistle-to-whistle ban.
Debate continues about whether advertising and problem gambling are causally linked, but we know that the marketing spend of gambling companies has increased substantially since 2014. According to a House of Lords report, the total spend by gambling companies on marketing went up by 56% between 2014 and 2017, reaching 1.5bn [1.8bn; $2bn].8 At the same time, the National Audit Office reports that the gross gambling yield (bets placed less winnings paid out) increased by 57% to 11.3bn between 2008-09 and 2018-19 (excluding the National Lottery).9 While there is a need for further research on the effect of advertising, many feel there is equal and real cause for concern.
Although even relatively low levels of gambling can result in harm, people who develop disordered gambling experience severe harm, including debt, financial losses, relationship breakdown, homelessness, worklessness, and even suicide.10 These harms also affect their families and communities.
International precedent already exists for a stronger regulatory approach. Spain recently passed a royal decree in an effort to reduce the harms caused by gambling and to severely curb the volume of advertising permitted.11 Change in even well established markets is clearly thought possible in other jurisdictions.
The responsible gambling measures this nation has relied on to limit harm from gambling have failed. The gambling industry has been unable to self-regulate and has not prevented the societal harm so feared after the liberalisation in 2007. While some companies have behaved better than others, more stringent regulation would remove commercial disincentive to act, levelling the playing field across operators. A stronger regulatory environment is the only way we can achieve adequate and universal public health protection. It is now up to the UK government to rectify past mistakes and take control by placing accountability and stringent regulation as the first steps towards a public health approach to this far from ordinary commodity.
The forthcoming gambling review by the Department for Culture, Media and Sport is an opportunity to acknowledge past mistakes and to protect children and young people, vulnerable adults, and everyone else from gambling harm.
Competing interests: We have read and understood BMJ policy on declaration of interests and have no interests to declare.
Provenance and peer review: Commissioned; not externally peer reviewed.
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Gambling adverts: should they stay or should they go? - The BMJ
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Convenience One of the More Important Factors Contributing to Growth of Online Gambling – PRNewswire
Posted: at 3:10 pm
PALM BEACH, Fla., July 7, 2021 /PRNewswire/ -- Online and mobile wagering has grown dramatically during the pandemic and is projected to continue to grow over the several years to come. With the growing use of the internet, the growth rate of online casinos has increased significantly. In addition, growing awareness of the latest technologies and increasing disposable income of individuals are expected to propel market growth. Developments in the online space are parallel to the annual growth of internet casinos. These developments are made to achieve the desired credibility in the gambling zone. Therefore, online casinos are focusing on investing in information solutions that offer continuous support to gamblers, ensure the credibility of the operations, and prevent illegal affairs. Numerous online casinos are offering a free play version of some of their games, which is creating growth opportunities for the market.A report from Grand View said that the global online gambling market size, that was valued at USD 53.7 billion in 2019, is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027.The high internet penetration and increasing use of mobile phones among individuals for playing online games from their homes and public places are driving the market. In addition, factors such as easy access to online gambling, legalization and cultural approval, corporate sponsorships, and celebrity endorsements are also contributing to market growth. The growing availability of cost-effective mobile applications across the globe is further expected to fuel market growth.Active gaming and tech companies in the markets today include:Esports Technologies(NASDAQ: EBET), Corsair Gaming, Inc. (NASDAQ: CRSR), Golden Nugget Online Gaming (NASDAQ: GNOG), DraftKings Inc. (NASDAQ: DKNG), Penn National Gaming, Inc. (NASDAQ: PENN).
The Grand View report said: "Increasing the development of new technologies such as virtual realityand blockchain is also driving the growth of the industry. This may be attributed to the fact that several companies are now integrating the blockchain technologyinto their online gambling business. This helps them ensure transparency in gambling activities and offer enhanced user experience. In addition, blockchain-based gambling platforms are completely decentralized and are free of third-party influence.Online poker has garnered attention, particularly from college students. The segment is expected to register a significant CAGR owing to the wide popularity of online card games. Over the years, convenience has been one of the most important factors contributing to online poker's popularity as many sites accept deposits from major credit cards, online wallets, and even virtual currencies such as Bitcoin. The wide range of games available for players to choose from is further driving the segment."
Esports Technologies (NASDAQ: EBET) BREAKING NEWS - Esports Technologies Accelerates IP Development of Advanced Predictive Gaming Models-Adds Multiple PhDs to World-Class Quant Team - Esports Technologies, a leading global provider of advanced esports wagering products and technology, has established a dedicated quantitative analysis ("quant") team to continue to develop the company's intellectual property, focusing on new esports predictive gaming models and predictive consolidated data feeds. This initiative is designed to allow Esports Technologies to work on developing its cutting-edge wagering platform and products while partnering with B2B customers to generate revenue from the use of its technology.
Jason Finch, who was formerly the company's Director of Research and Technology, has been elevated to Chief Technology Officer and will lead the new team. A veteran of analytics, trading, and modeling, he has previously managed quants to develop real-time models for pricing sports, politics, and other innovative event products. Under Finch's direction, the Esports Technologies quant team now includes:
Brad Cole, an applied mathematician who has developed highly detailed pricing models for esports wagering and competitor talent evaluation, as well as validation of battle royale esports modeling via stochastic graph theory, simulation methods, and big data methods on competitor results.
Dr. Stephan Roberts, a mathematician who carries a wide-ranging expertise in analysis and statistics and the recognition of complex patterns. Dr. Roberts has published academic papers discussing topics of orderings and polynomials.
Dr. Da Xu, a senior machine learning engineer joining Esports Technologies. Dr. Xu has developed forecast models using optimization algorithms and deep learning. He has also performed quantitative research of alpha risks for hedge fund clients using machine learning models.
Dr. Jonathan Pearce, a computational physics Ph.D. joining Esports Technologies. Dr. Pearce specializes in numeric methods, data mining, and the calculation of probabilities. Much of Dr. Pearce's work has involved trend analysis using various data collection and data visualization methods.
Bart Barden, Chief Operating Officer of Esports Technologies, said, "Mr. Finch has done an excellent job leading our research and technology departments, and he is well-prepared to lead our world-class quantitative, platform and data team. We believe the latest additions of Dr. Roberts, Dr. Xu, and Dr. Pearce will accelerate our ability to provide state-of-the-art solutions that enhance the esports wagering experience to our product offerings and those of our partners. Our commitment to quantitative analytics is a strategic move that will have far-reaching effects on our growth and our aggressive acquisition strategy."CONTINUEDREAD THIS AND MORE NEWS FOR EBET BY VISITING:https://esportstechnologies.com/news/
In other entertainment and gaming recent news of interest:
Corsair Gaming, Inc. (NASDAQ: CRSR) a world leader in enthusiast components for gamers, creators, and PC builders, recently announced a new series of full-tower ATX cases to accommodate the biggest, most ambitious enthusiast builds: the CORSAIR 7000D AIRFLOW and the CORSAIR iCUE 7000X RGB. Available in black and white, both 7000 Series cases feature a mammoth interior for maximum cooling potential, accommodating multiple radiators up to three 360mm or two 420mm simultaneously. Exceptional airflow comes courtesy of included 140mm PWM fans featuring CORSAIR AirGuide technology, while the popular CORSAIR RapidRoute cable management system helps you easily create tidy, professional-looking builds.
Choosing from either the 7000D AIRFLOW's perforated steel high-airflow front panel, or the 7000X RGB's three beautiful tempered glass windows to showcase your system and lighting, PC enthusiasts will find the ideal case for their next masterpiece.
Golden Nugget Online Gaming (NASDAQ: GNOG) andDetroit'sRocket Mortgage Classic recently announced a partnership making GoldenNuggetCasino.com the Official National Casino Partner of the 2021 & 2022 tournament. This year's tournament will be held fromJuly 1st- 4that the Detroit Golf Club inMichigan. GNOG will have on-site branding and will be giving away premier golf bags, all-inclusive hospitality upgrades to Club 1899, prizes,Golden Linesodds boosts on wagers placed during the tournament, and an exclusive promotional casino & sportsbook bonus for tournament attendees.
The 2021 Rocket Mortgage Classic has drawn 156 of the world's best golfers includingPhil Mickelson,Bryson DeChambeau,Rickie Fowler,Hideki Matsuyama, Webb Simpson,Bubba Watson, andMatthew Wolf, to name a few. The third annual tournament at the historic Detroit Golf Course will be nationally broadcast on PGA Live, Golf Channel, and CBS over theJuly 4thweekend. GNOG sportsbook will be hosting theirGolden Linesodds boosts, featuring the Rocket Mortgage Classic, where wagers placed on the tournament will receive boosted odds.
DraftKings Inc. (NASDAQ: DKNG) recently announced that they have entered into a strategic consulting agreement with the Division on Addiction (Division) at Cambridge Health Alliance, affiliated with Harvard Medical School. In coordination with the DraftKings Responsible Gaming team, the Division will create an innovative systems-based safer play approach to training employees across the business in responsible gaming, including a logic model, conceptual map, needs assessment schedule, and evaluation plan. Systems-based safer play describes a method that includes approaches to training, business practices, and player resources that recognize and respond to the larger context of the gaming environment and its interacting elements.
Penn National Gaming, Inc. (NASDAQ: PENN) recently announced that it has completed the previously announced acquisition of the operations of Hollywood Casino Perryville in Maryland. In December 2020, the Company entered into a definitive agreement with Gaming and Leisure Properties, Inc. (GLPI: Nasdaq) ("GLPI") to acquire the operations of Hollywood Casino Perryville for $31.1 million in cash. Today, the Company entered into a lease with GLPI for the real estate assets associated with the facility, with annual rent of approximately $7.77 million. Penn National's acquisition received final approval from the Maryland Lottery and Gaming Control Commission on May 27, 2021.
"Penn National is excited to re-enter the strong Maryland gaming market and to once again operate Hollywood Casino Perryville, a property we developed in 2010. Today's acquisition of the operations of Hollywood Casino Perryville adds a twentieth gaming jurisdiction to our leading nationwide footprint," said Jay Snowden, President and CEO of Penn National.
DISCLAIMER:FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.Except as set forth below, FNM is NOT affiliated in any manner with any company mentioned herein.FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.FNM is not liable for any investment decisions by its readers or subscribers.Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated two thousand five hundred and ninety-five dollars by Esports Technologies Inc. for news coverage of the current press releases issued by Esports Technologies Inc.FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or Form 1-K, as applicable, and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
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Convenience One of the More Important Factors Contributing to Growth of Online Gambling - PRNewswire
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Consumers Are Gambling Again: Is It Time to Consider Wynn Stock? – The Motley Fool
Posted: at 3:10 pm
Wynn (NASDAQ:WYNN) was walloped during the pandemic. Its casinos had to close their doors to players and guests alike and are only slowly starting to recover. That slow pace of recovery might change when the company next reports earnings results.
Nevada reported a record high in gambling revenue in May. It's probable that Wynn was a beneficiary of the increase in wagering activity in the state. Even so, is it time to consider Wynn stock, or is it wiser to wait for the recovery to prove it's here to stay?
Image source: Getty Images.
Wynn reported operating revenue of $725.8 million for the first quarter of 2021, a decrease of 23.9% from the same quarter last year. The first quarter did include some easing of coronavirus restrictions, but a significant number were still in place. The second quarter, which includes April, May, and June, is where most restrictions were removed and the vaccination campaign really accelerated.
That combined has unleashed a fury of gaming activity in Nevada. Indeed, the state reported record gambling revenue of $1.2 billion in May, a 25% increase from 2019 levels. Also, the state has reported three consecutive months of over $1 billion in gambling revenue. If it reports a fourth, it will be the first time since before the financial crisis it has achieved the feat.
Given the surge in gambling activity, it will not be surprising if Wynn reports excellent revenue figures the next time it releases earnings. The company has a major presence in Las Vegas and likely benefited from the recovery.
Still, it's not clear just yet. Visitation to the city is still down significantly, and travelers arriving at the Las Vegas airport are also down. The increase in activity is coming from folks within driving distance of Las Vegas. One of the last legs of the pre-pandemic economy to recover is business travel. Companies find they can get along just fine meeting virtually and enjoy the cost savings from reducing business travel.
Casinos in Las Vegas found it profitable to cater to business conventions, which helped fill hotel rooms during the weekdays. There is no telling if or when that side of the business will recover. And in perhaps the worst timing ever, Wynn completed an expansion of its convention facilities in February 2020.
Importantly, the company is still generating losses. In its most recent quarter, Wynn reported a net loss of $281 million. However, in the decade before the pandemic, Wynn was generated healthy operating profits, with margins consistently above 10%.
Additionally, the company has a growth opportunity it is developing in the online sportsbook market. Its product is live in six states, with plans to expand to more states later in 2021.
However, there are reasons to favor waiting for the recovery to take hold before accumulating a position in Wynn. It is still too early to determine if this recovery in gambling activity will unleash pent-up demand that will be sustained. And the possibility that businesses will reduce travel long-term is alarming. The risk versus reward is not favorable enough to roll the dice on this casino stock just yet.
This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.
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Consumers Are Gambling Again: Is It Time to Consider Wynn Stock? - The Motley Fool
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Voluntary betting controls are a bad gamble – News – The University of Sydney
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The GTRC analysed 39,853 customer accounts from six leading sports and race betting sites in Australia over the financial year of 2018-2019.
It found that 83 percent did not use any of the voluntary tools studied for example deposit limits, timeouts and self-exclusion/deactivating the account. Almost all of those who used the tools used only deposit limits. Of those who set deposit limits, half made no changes to their limit after setting it, while 766 people (one in eight) made between one and three changes and 32 people made more than 15 changes.
Interestingly, those who set deposit limits were found to be similar to those who did not gamble, on most characteristics studied such as age, gender, betting frequency, and overall outcome, while those who used timeout/self-exclusions stood out: they were younger, more likely to be male, placed more bets and in bigger amounts, won less, had fewer days without gambling and had more variability in the amount they gambled and the amount they won from day to day.
Dr Heirene explained: This painted a clear picture: timeout/self-exclusion users appear to gamble in a more problematic way and this insight can focus future research and targeted interventions.
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Voluntary betting controls are a bad gamble - News - The University of Sydney
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Phil Mickelson says he wont return to Detroit after gambling story, then reverses with conditions – Fox News
Posted: at 3:10 pm
A story published by the Detroit News this week had golfer Phil Mickelson threatening Thursday to never return to the Detroit area.
Then on Friday, Mickelson whos in Michigan to compete in this weekends Rocket Mortgage Classic reversed course, sort of.
The 51-year-old California native, whose PGA Championship win in May made him the oldest golfer to ever capture a major tournament title, said he would return to the Detroit area on two conditions: that a petition circulated by Michigan golfer Mike Sullivan, calling for Mickelson's return, reach 50,000 signatures, and that everyone who signs perform "one random act of kindness," he said, according to ESPN.
Mickelson had reacted Thursday after The Detroit News ran a story about 2007 federal court records it obtained, detailing how years earlier a bookie from Grosse Pointe, Michigan, allegedly cheated Mickelson out of $500,000, FOX 2 of Detroit reported. Mickelson never faced any criminal charges in connection with the case, the report said.
MATSUYAMA TESTS POSITIVE FOR COVID, WITHDRAWS IN DETROIT
Detroit News reporter Robert Snell, who wrote the story, identified the bookie as "Dandy" Don DeSerrano, referring to him as "one of the biggest gamblers in Detroit," who has allegedly "handled bets for big shots as a Las Vegas casino host."
DeSerrano died in Las Vegas in April of natural causes at age 75, Casino.org reported.
Mickelsons lawyer said the News report was accurate but questioned its timing, which coincided with Mickelsons appearance in the area, ESPN reported.
Speaking to reporters Thursday, Mickelson said he didnt appreciate the newspapers "unnecessary attack" with a story from "two decades ago," and noted that it made him feel unappreciated after juggling his schedule to participate in this weeks tournament in Michigan, FOX 2 reported.
"Not like I care, it happened 20-something years ago, its just the lack of appreciation," Mickelson said, according to the station. "Yeah, I dont see that happening. I dont see me coming back. Not that I dont love the people here, they have been great, but not with that type of thing happening."
But when Mickelson stepped up to the first tee for Fridays action at the Rocket Mortgage Classic, played at the Detroit Golf Club, he was met with chants of "We love Phil!" The Detroit News reported.
Later, he shared the terms under which he would return.
"If the members of the community will come together, Id love to be back," Mickelson said, according to the News.
"If the members of the community will come together, Id love to be back."
Phil Mickelson is seen at the Country Club of Virginia in Richmond, Virginia, on Oct. 18, 2020. (Associated Press)
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Later Friday, the Childrens Foundation of Detroit announced that Mickelson and his wife Amy Mickelson had donated $100,000 to the organization, the newspaper reported.
This weekend marks Mickelsons first tournament in Michigan since the 2008 PGA Championship at Oakland Hills, the News reported. He was supposed to play in last years Rocket Mortgage Classic but the coronavirus pandemic forced a rescheduling to a week when he couldnt appear, the report said.
None of Mickelsons 45 career PGA Tour victories have come in Michigan, the report said.
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Are you skilled enough to take a chance? A legal and regulatory analysis of gambling laws in India – Lexology
Posted: at 3:10 pm
Digital entertainment and online gaming platforms have assumed unprecedented user and subscription base over the last few years and the pandemic has further provided the timely thrust that such businesses needed in a long time. In this article we will briefly walk you through the basic legal aspects prevalent in India that govern the business of online and virtual gaming.
The online gaming business boomed and is still continuing to receive its share of active gamers who are fascinated by the digitally developed conventional games that enable you to play with other gamers from any other part of the world or in certain cases, with the computer technology itself! . With the technological development that has resulted in playing games with computer through artificial intelligence-based software designed for the same, certain online games have again fallen under the radar to settle the dispute of whether they are a game of chance or game of skill.
In this regard, it is pertinent to note that under the Constitution of India, the state legislatures have been entrusted with the power to frame state specific laws on betting and gambling (games of chance). The Public Gambling Act, 1867 (Public Gambling Act) which prohibits all activities related to gambling, has been adopted by several states including Uttar Pradesh, Madhya Pradesh, Chandigarh and Haryana, while other States like Andhra Pradesh, Delhi, Gujarat, Meghalaya and Goa among many others have resorted to enacting their own gambling legislations. The states of Sikkim and Nagaland in India have enacted legislations pertaining exclusively to Online Gaming within their territory and in states like Telangana, Assam and Orissa gambling is entirely prohibited irrespective of the medium.
Recently, a petition had been filed in the Bombay High Court by Keshav Muley, an office-bearer of a regional political party, that sought registration of an FIR against the makers of a game application called Ludo Supreme alleging that the game involves only chance/gamble and there was no skill required to play the game. According to the petition, one could play the game Ludo downloaded through the Ludo Supreme App by betting money and the bank account could be linked to the application and money could be deposited with the applications electronic wallet wherein the player winning the game would take all the money put in by the rest of the players and a certain amount would be deducted by the application service provider as its share of remuneration. In the said petition filed, it has been contended that Ludo is a Game of Chance and that by throwing dice in it, the player does not know which number will appear and thus, there is no application of skill of the player. On this basis, this petition claims that the service of offering online Ludo gaming by the company, tantamount to gambling service. Further, the pop-up ads in the said app seemed to encourage people at large to play the game of ludo with an assurance that one would only win money and not lose any, as contended in the petition.
At this juncture, it is pertinent to note that among judicial precedents concerned with gaming, the courts have recognised that no game is a game of pure skill alone and almost all games involve at least the minutest of luck, but yet can circumvent the stigma of gambling, if the skill involved is higher than the chance.
THE OLDEN BUT GOLDEN HOLDINGS!
One of the earliest rulings on this aspect is probably that was laid down by The Honble Supreme Court, in the matter ofState of Bombay v. R.M.D. Chamarbaugwala [MANU/SC/0019/1957], wherein it had interpreted the words mere skill to include games which are preponderantly of skill. It held that if a game, is preponderantly a game of skill, but also has an element of chance, it would nevertheless be a game of mere skill.
In,State of Andhra Pradesh v. K. Satyanarayana and Ors. [MANU/SC/0081/1967]the Apex Court held that famous cards game rummy is not a game entirely of chance and it requires certain amount of skill because the fall of the cards has to be memorised and the building up of Rummy requires considerable skill in holding and discarding cards.
These judgements obviously were delivered much before the dawn of the era of online gaming and did not at that point in contemplate online rummy that involves playing not with other individuals but with computer technology where there is no skill involved from all the sides, thereby making it a game of chance.
Similarly, inK.R. Lakshmanan Vs. State of Tamil Naduand Ors[MANU/SC/0309/1996]the Supreme Court of India ruled that horse racing, chess, rummy, golf and baseball are all games of skill. It further held that betting on horse racing was a game of skill as it involved judging the form of the horse and the jockey, and the nature of the race, among other variable factors.
While taking a contrary view on playing rummy for stakes, In 2012, in the case ofTamilnadu v Mahalakshmi Cultural Association[MANU/TN/0741/2012 : 2012 (2) CTC 484], the Madras High Court, observed that although the game of rummy played with 13 cards is a game of skill predominantly, if it is played for stakes or any club or association makes profit out of the same, then it would tantamount to gambling and attract appropriate penal provisions. However, the Supreme Court vide order dated 18th August 2015 allowed the poker club Mahalakshmi Cultural Association to withdraw its Special Leave Petition as the members of the club had been acquitted of all the criminal charges in this regard by the trial court and specifically brought on record that the observations contained in the High Court order did not survive.
THE MODERN AND ACCORDANT WAY!
Recently, in the matter of the well-known fantasy sports game Dream 11 there were cases filed in various parts of India. The first Indian court to rule that fantasy sports games are games predominantly based on skill was the High Court of Punjab & Haryana in the matter ofVarun Gumber Vs. Union Territory of Chandigarh and Ors[MANU/PH/1265/2017], concerning the online fantasy sports based game Dream 11. In this case it was observed thatIt has been found that horse racing like foot racing, boat racing, football and baseball is a game of skill and judgment and not a game of chance. The aforementioned finding squarely applies to the present case. Even from the submissions and contentions of respondent-company and factual position admitted in writ petition, I am of the view that playing of fantasy game by any participant user involves (selecting a) virtual team by him which would certainly requires a considerable skill, judgment and discretion.Subsequently, inGurdeep Singh Sachar Vs. Union of India and Ors [MANU/SCOR/76102/2019], the Bombay High Court found that success in Dream 11s fantasy sports depend upon users exercise of skill based on superior knowledge, judgment and attention, and the result thereof is not dependent on the winning or losing of a particular team in the real world game on any particular day. It was concluded that it is undoubtedly a game of skill and not a game of chance.Further, the Jaipur High Court, inChandresh Sankhla vs The State of Rajasthan [MANU/RH/0182/2020], held that the result of a fantasy game depends on skill of the participant and not sheer chance, and winning or losing of the virtual team created by the participant is also independent of the outcome of the game or event in the real world. Further it was held that the format of online fantasy game is a game of mere skill, and it has protection under Article 19 (1) (g) of the Constitution.
Further, while considering a petition pertaining to online gambling in cyber space, the Gujarat High Court in the case ofAmit M Nair v State of Gujarat [MANU/GJ/1308/2020], categorically directed the state to monitor online gambling games and take appropriate action under the law and also examine whether such games result in money laundering or violation of foreign exchange laws as well.
The Law Commission of India headed by Justice B. S. Chauhan, a former judge of the Supreme Court was mandated by the Government of India to make recommendations on the possibilities of legalization of sports betting in India and the review of Gaming Legislations with a view to provide for a Central licensing regime.
The Law Commission received public comments and held active discussions with all stakeholders Thereby developing a robust report in support of a regime to legalise the already burgeoning gambling industry in India. The report on legalizing betting and gambling in India released in July 2018, contained the following key recommendations:
1. Need for autonomous regulation for gambling and betting industry.
2. Certain skill centric games should be made an exception to the prohibition on gambling.
3. Only an operator holding a valid license granted by the game licensing authority should be allowed to provide betting and gambling services.
4. Two categories of gambling were suggested i.e., proper and small gambling based on higher and lower income groups. A person belonging to higher income group would be able to put higher stakes belonging to the proper gambling category whereas a person belonging to lower income must confine to small gambling and cannot be allowed to stake higher amounts.
5. All betting and gambling transactions ought to be linked with Aadhaar/PAN card of the operator and the participant/player to protect the public from aftereffects and increase transparency.
6. The enactment related to betting and gambling should be enacted in such a way that ensures protection of the vulnerable section of society from exploitation.
7. Any income derived from such activities should be made taxable under the applicable tax laws in India.
8. Transaction between operators and participant/player to be made mandatorily cashless and any cash transaction should be penalized by an enactment.
Internet gambling presents essentially many of the same concerns that the traditional gambling activities have raised throughout the years like the likelihood of addiction, the possibility of fraud etc. The supporters of a ban of Internet gambling maintain that outlawing the activity for all individuals is the only way to ensure that a segment of the population, children, will be adequately protected from corruption.
However, it is evident from judicial interpretation in India that the question of whether a particular game is a game of skill or chance is to be decided basis facts of each case. As much as there is uniformity in approach of the courts in India while deciding what constitutes a game of skill or chance, with the advent of technologies, the latest online games seem to stand on a thin line between skill or chance as online games are still gray areas in Indian legislations. It will be worth the wait to see if the petition against the beloved Ludo will prompt the enactment of an exclusive legislation.
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