gambling games
US: sports betting isn’t legal, but firms are jockeying already
Some gambling technology companies expect the U.S. Supreme Court to legalize sports betting and are jockeying for position in the new industry months before a decision is even rendered.
A lawsuit filed Thursday in Atlantic City shines some light on the scramble. NYX Gaming Group Ltd., a company based on the British island of Guernsey, is suing London-based William Hill PLC over Las Vegas-based Scientific Games Corp.’s proposed acquisition of NYX.
William Hill owns stock in NYX and is threatening to use its voting shares to block the acquisition unless it receives certain assurances from Scientific Games about what the newly merged company will and won’t be able to do.
NYX, a leading provider of gambling software, terms those requests “extortionate” and anti-competitive, according to its lawsuit. They include demands that Scientific Games not compete with William Hill, and that it hand over source code for some NYX products.
William Hill says its actions are “perfectly reasonable.” Scientific Games did not immediately respond to a request for comment.
The maneuvering takes place as the nation’s highest court prepares to hear a case brought by New Jersey that seeks to legalize sports betting. The state is taking aim at a 1992 law that forbids state-authorized sports gambling in all but four states that met a 1991 deadline to legalize it: Delaware, Montana, Nevada and Oregon. Nevada is the only state to allow single-game wagering.
“Many in the industry think it is only a matter of time before sports betting is opened up one way or another,” said David Schwartz, director of the Center for Gaming Research at the University of Nevada-Las Vegas. “With that mindset, it is important to establish a position now, as states and operators will be choosing partners quickly.
“For the past 30 years, gaming companies have been driven by the promises of expansion,” he said. “In the past that meant more states opening themselves up to casino gaming, but the final frontier may be sports betting.”
On Sept. 20, NYX announced it would be acquired by Scientific Games, which makes a variety of products for lotteries and casinos.
But William Hill is threatening to block the deal.
“William Hill has made clear to (Scientific Games) and NYX that it fears competition in the marketplace,” NYX wrote in its lawsuit. “William Hill has expressed its view that the U.S. sports betting market is a ‘two-horse race’ between William Hill and NYX, and that as of now, William Hill has control over NYX.”
William Hill spokesman Ciaran O’Brien said the company is defending the rights of its shareholders.
Asked about the industry’s desire to line up market share ahead of a high court ruling on sports betting, O’Brien said: “This may give a clue as to the aggressive litigation being aimed at William Hill.”
Schwartz predicted other companies likely to seek a share of a U.S. sports betting market include CG Technology; the South Point Race Book; and Boyd Gaming, all based in Las Vegas. He also predicted some startup firms headed by gambling industry veterans will emerge.
In a report last month, Eilers & Krejcik Gaming LLC, which tracks state-by-state gambling legislation, predicted legal sports betting could be offered in 32 states within five years if the Supreme Court rules in favor of New Jersey.
gambling games
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Armenia
Armenian parliament adopts bill on gambling in the first reading
The Armenia National Assembly voted overwhelmingly to adopt the draft law on making amendments in the law on combating terrorism in the first reading at today’s sitting.
The parliament fully adopted the draft law on making amendments and supplements in the law on the “RA Investigative Committee” and the attached package of draft laws in the second reading with a vote of 85 for and 7 against.
The issue of adopting the draft law on making addendum to the Criminal Code initiated by MPs Karen Avagyan and Hrayr Tovmasyan in the second reading was also put up to voting.
The bill passed overwhelmingly the parliament’s second reading. In a speech ahead of the voting, Tsarukyan faction MP Naira Zohrabyan voiced the faction’s intention to support the bill in the second reading since the proposals submitted by the bloc over the measure had been accepted.
The Armenian parliament also overwhelmingly voted to adopt the draft law on making amendments and supplements in the law on energy and the attached bill package in the first reading.
The draft law on making amendments and supplements in the law on “Games of Chance, Online Games of Chance and Casinos” and the attached package passed the parliament’s first reading, receiving a total of 93 votes in favour.
The National Assembly also fully adopted the law on the Constitutional Court and the attached draft package in the second reading with 87 votes for and 7 against.
Source: panorama.am
EEG iGaming Directory
Play’n Go launches Mystery Joker 6000
Omni-channel slots specialist Play’n Go has reinvigorated the much-loved fruit slot in its latest title Mystery Joker 6000.
The three-wheel, five-payline game delivers the same classical symbols known to slots fans, with the introduction of the Joker symbol which triggers free spins and big wins on finding it.
When players land a Joker on a payline that runs across reels one and two, the third will re-spin while the rest are held, and if a third Joker is found, the innovative mystery wheel feature is triggered, potentially paying out up to 6000 times the current coin value.
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Johan Törnqvist, chief executive officer of Play’n Go, said: “The traditional fruit slot has been a mainstay of the casino space for decades with players loving its simplicity and regular payouts.
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Mystery Joker 6000 marks Play’n Go’s final release of an award-winning year, which has seen it launch 60 new titles across various genres. It’s set to build on this in 2018, with a product roadmap in place that will see even more innovative and enjoyable slot releases.
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