As we look ahead into the next century, leaders will be those who empower others.
—Bill Gates
28th December 2017  
 
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The Story

The state of Delaware is ready to offer professional and out-of-state college sports betting should the U.S. Supreme Court decide to rule favorably on New Jersey’s petition to repeal the Professional and Amateur Sports Professional Act of 1992 (PASPA).

 

Delaware wants a share of the gambling pie.

State Finance Director Rick Geisenberger said Delaware can introduce single-game betting on professional sports within weeks after the high court releases its ruling, which is expected to come out in June. “If we can get to market faster than some of our neighbors there could be some real upside. We’re working to roll it out as quickly as possible,” Geisenberg said. At the moment, Delaware’s offerings are limited to parlays or multi-game betting on football.

 
 
 
 
 
 
 
 
 

Spencer Yang: It’s about time that we focus on eSports betting

In this interview with CalvinAyre.com’s Stephanie Tower, the Unikrn Asia executive talks about the surge in popularity of eSports betting in Asia and how operators can hurdle the challenges in entering the Asian market.

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Criminal fallout: Even the black market is having problems with BTC fees

Stolen credit card marketplace Carder’s Paradise has asked its patrons to use Litecoin instead of BTC in their transactions due to the latter’s rising transaction fees and longer transaction times. The marketplace said they will be requiring a “deposit fee” from users who use BTC to shoulder the cost of transferrring their funds to suppliers.

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  CARRIBEAN
Izmirlian files $2.25b fraud suit v. Baha Mar’s Chinese contractor

Sarkis Izmirlian’s BML Properties claimed that Baha Mar’s principal contractor, China Construction America (CCA), “purposely deceived” BML regarding the progress of construction, and that CCA had no intention of completing the work on time and on budget by allegedly letting inexperienced workers take on the project. The suit claimed CCA has cost BML its entire $845m stake in the project, plus “hundreds of millions” in losses.

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  EUROPE
Finland’s slots jockeys will have to authenticate their identity

State gambling monopoly Veikkaus said the verification requirement in slot machines serves a mechanism to help those struggling with problem gambling. According to a National Institute for Health and Welfare THL report, more than 130,000 Finns are struggling with problem gambling behavior.

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  NORTH AMERICA
Florida’s greyhound racing biz now a pharmaceutical free-for-all

Administrative Law Judge Lawrence P. Stevenson ruled that the suspension of two dog trainers who supplied dogs found positive for cocaine was unlawful. Stevenson said any administrative sanction based on the 2010 procedures manual’s references to drug testing was invalid as these procedures were not formally adopted.

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  WORD OF THE DAY
 

Layoff—refers to the act where an individual bettor reduces risk, limits losses or locks in a profit by backing both sides of a market, or several selections within a market.

 
 
 
 
 
 
 

Istanbul to discuss blockchain technologies and future of digital economy

With Turkey experiencing a surge in the development of the blockchain and the cryptocurrency market, it is only fitting to hold the Blockchain and Bitcoin Conference Turkey in Istanbul on March 1. Turkey has successful digital assets exchanges Lira-Bitcoin and BTCTurk, and cryptocurrency payment systems Payza and Bitwala.

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Congratulations to Travis Kasper who has been named the new chairman of World Poker Fund Holdings (WPFH). One of Kasper’s plans  is for WPFH to enter the cryptocurrency business by launching an unnamed digital currency wallet and integrate it in their gaming platforms. A $50m initial coin offering for the still unnamed digital currency will be held before the second quarter of 2018.

 
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