Without hard work, nothing grows but weeds.
—Gordon B. Hinckley
| INVITE FRIENDS! |
| Counting eggs before they were hatched |
CBS CEO Lee Moonves is betting that sports wagering will provide a huge boost for its advertising revenue, saying that its sports websites are set to get huge gains from gambling ads.
Moonves said that sports betting sparked a “local phenomenon.”
The CBS top official said that with the recent reversal of the federal sports betting ban, “a whole new ad category as well as drive demand across our sports-related content” was created. With the sports betting now legalized in New Jersey, Moonves believes that stations covering the state will likely see an increase in revenue. A recent report by Morgan Stanley revealed that around $1b in paid sports betting-related ads could be seen by 2023, and CBS will likely rake in millions in profit.
| THE MOUTHPIECE |
Could the US become a tax haven for internet gambling?
In this edition of The Mouthpiece, Martin Owens presents the possibility of the U.S. being an ideal sports betting destination for operators following the Supreme Court decision to strike down PASPA.
| FROM COINGEEK.COM |
In Focus: StackTrek
This edition of In Focus features StackTrek, a private enterprise working with various governments in creating tech economies in developing countries.
| GLOBAL ROUND UP |
| ASIA |
The Macau-based casino operator was able to reverse its losses last year after completing the sale of Landmark Macau casino hotel in April.
The South Korean casino operator said its net income for the first six months of 2018 climbed to KRW27.2b (US$24.2m), higher than the KRW15.42b ($13.76m) it registered in the same period last year.
| NORTH AMERICA |
Sports betting debate continues as La. plays catch-up with Miss.
Senator Danny Martiny urged his colleagues to pass a bill that will legalize sports betting in Louisiana, warning that the state will lose money to its neighbors.
Connecticut governor wants sports betting input by the end of the week
Gov. Dannel Malloy wants lawmakers to fast track sports gambling legislation, saying that he wants a law to be passed before he leaves his office in January.
| PACIFIC ISLANDS |
Imperial Palace construction only 69% complete
The integrated resort project in Saipan, which has faced numerous delays, announced that the construction of its hotel is just more than halfway done.
| TIP OF THE DAY |
Gain more reach for your content when you optimize your website for mobile viewing. Do not send a user to a non-responsive or non-mobile optimized landing page from your post. Doing so will likely turn off your target audience.
| PRESS RELEASES |
AIGF institutes Skill Games Charters to regulate the skill gaming industry
The All India Gaming Federation lays down certain ground rules that will guide its members in regulating skill games like poker, rummy, and fantasy sports.
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