Ag Stance On Gambling
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*Ag Stance On Gambling Winnings
*Ag Stance On Gambling Legislation
Nevada Attorney General Adam Laxalt has angered numerous people in power in the Silver State.
Since the year 2000, the gambling industry in Uganda has experienced a rapid increase in activity, with various new modes and facilities being introduced. The proliferation of gambling has seen the industry diversify from the early forms of gambling like casino gambling and national lotteries to new modes like sports betting and online betting among other forms. Adam Gamble Ma And Ag Stance On Gambling Reviews: You want to buy Adam Gamble Ma And Ag Stance On Gambling.
Ralston Reports recently suggested more than one person is irked by Laxalt’s latest move regarding online gambling. He signed a letter imploring President-elect Donald Trump and his staff to help spearhead legislation explicitly reaffirming the Wire Act covers online gambling. Such an act would make online gambling illegal nationwide.Laxalt’s position on gambling not unexpected
This is far from the first time Gov. Brian Sandoval and Laxalt have butted heads over online gambling. About a year ago Laxalt came out against online gambling. He expressed a desire to return to the “status quo” and cited his concerns over the source of the money being deposited on the sites.
Sandoval immediately expressed disappointment with Laxalt’s stance back then. The governor is experienced with gambling issues, having previously served as the chairman of the Nevada Gaming Commission. “I am very concerned that anyone representing the state’s legal interests would speak out against current state law in our leading industry,” Sandoval stated last year.
Both Sandoval and current Nevada Gaming Control Board Chairman AG Burnett disagreed with Laxalt. They did not agree that federal action would cut down on offshore sites offering online poker and casino games. If anything, they feared the law would leave state-regulated gambling on the outside looking in, while offshore sites grew even stronger.Who is mad at Laxalt this time?
Ralston Reports did not have direct quotes from Sandoval. The site did speak with sources in his camp who confirmed Laxalt acted without consulting Sandoval’s office though.
Burnett went on the record. “Internet gaming in Nevada has been a complete regulatory success. We’ve had no issues with patron protection or ensuring it is done to the letter of the law. I’m disappointed Mr Laxalt didn’t consult with his clients on this,” he said.
It also comes just as MGM Resorts went live with a statewide rollout of online casino tournaments for real money.
After the article was tweeted out, Robert Uithoven, a friend of Laxalt, hinted at why Laxalt is not so keen on state online gambling:
Perhaps a column is due recapping the promises made during that 2-hour (if that) debate on the jobs & revenue projections.
— Robert Uithoven (@ruithoven) December 3, 2016
Uithoven is a long-time Las Vegas Sands lobbyist, meaning he is on the side of long-time online gambling opponent Sheldon Adelson.Does Laxalt have a point?
Many have criticized some of the statements in the recently penned letter. The suggestion that underage gaming is a cause for concern even in a regulated environment has generated a lot of attention.
WSOP.com Head of Poker Bill Rini offers some insight into just how effective age restrictions have been in New Jersey and Nevada:
“The safeguards put in place by NV and NJ regulators have been very effective in preventing underage gaming,” Rini said. “What makes online gaming unique is that we can leverage technology to help gateway our product from people who shouldn’t be playing.
“We are required to collect certain identifying information before wagering is permitted which we then match to public databases to determine with a high degree of confidence that the person is who they say they are.”
The unspoken issues about online poker in Nevada underperforming financial expectations is one that is easier for Laxalt to defend.Ag Stance On Gambling Winnings
Nevada regulators no longer report revenue for online poker. When Ultimate Poker shuttered its operations in 2014, there were no longer enough operators to merit tracking such information.
In the early days of online poker in the state, monthly revenue exceeded $1 million only once. With Ultimate gone and WSOP NV holding a virtual monopoly, it is fair to assume numbers are not booming. Recent estimates from PokerScout report traffic for ring games on WSOP.com at 160 concurrent players.
When Nevada legalized online poker, it was done so based on revenue estimates that far exceeded actual performance. Laxalt is right to point to this.
However one could also suggest part of the reason online poker has not taken off is because of the political uncertainty surrounding it thanks to letters just like the one he sent to the new administration.
NEW YORK - October 30, 2020 - ( Newswire.com )
For online gambling company BetOnline.ag, it’s beginning to feel like 2016 all over again.
In the weeks leading up to America’s last Presidential Election, widely-respected political polls and predictive models suggested a somewhat easy win for Hillary Clinton.
RealClearPolitics and FiveThirtyEight both projected Clinton’s chances of becoming the nation’s first female president around 70 percent. Other websites were even more bullish on Clinton, and so were the bookmakers.
“When there’s a fishy line or movement in sports betting, the old adage is that ‘Vegas knows something,’” Dave Mason, brand manager at BetOnline.ag, said. “But in 2016, it was the bettors in the know. The oddsmakers make a living being on the right side, but they were dead wrong that year.”
Money flooded in on Donald Trump in the weeks and days leading up to the 2016 Election. But BetOnline and other bookmakers worldwide were firm in their position and continued to offer great value on the underdog.
“Everyone was shell-shocked. Heck, I even think Trump was a little surprised,” Mason said of the 2016 outcome. “To say the bookies took a bath that Election Day would be a gross understatement. The decision was a big loss for the industry, and a big win for the betting public.”
Estimated losses in the global gambling markets that were able to offer political wagering for the 2016 U.S. Presidential Election were reportedly in the hundreds of millions.
Fast forward four years, and gaming properties are sitting in a very similar position.
As of this release, FiveThirtyEight is giving Joe Biden even better odds than Clinton, currently predicting an 89 percent chance the former VP will be elected. RCP ’s national poll average shows Biden winning by a small margin.
But the bettors, once again, are predicting an underdog outcome.
Since Monday, BetOnline.ag reported that 85 percent of the bets taken on its presidential odds have been on Trump. This one-sided action has greatly swung the numbers in terms of the company’s liability. BetOnline revealed that it stands to lose a seven-figure sum if Trump is re-elected.
“Political stances aside, we’ll all be rooting for the favorite next week,” Mason said. “That’s uncommon in our industry, but we need Biden in a big way.”
Political betting has become wildly popular over the last 10 years, and the 2020 Presidential Election is close to becoming the biggest decision in BetOnline’s 20-year history of taking wagers on sports, politics, entertainment and more. The website’s political betting markets this year have already surpassed the straight bet handle for Super Bowl LIV back in February.
BetOnline would not provide specific numbers, but a representative said that since the last election, it has booked an amount in the eight-figure range on this year’s election.
Currently on the website, Biden is a -180 favorite to win the 2020 Presidential Election while Trump is a +160 underdog.Ag Stance On Gambling Legislation
It remains to be seen as to whether or not the gamblers will be on the right side of the odds again, but it’s worth noting that the same betting patterns from 2016 are trending as Election Day nears.
About BetOnline.ag
Established in 1991, BetOnline ( www.betonline.ag ) has become a worldwide leader in providing safe, legal and secure online gaming. The company’s guiding principle is to establish long-lasting, positive relationships with its customers and within the gaming community. BetOnline features the most innovative technology and online gaming solutions for its sportsbook, casino and racebook clients.
Contact
Joshua Barton The Odds PR josh@oddspr.com
Press Release Service by Newswire.com
Original Source: Gambling Company Poised to Lose Millions if Trump Wins Election
Register here: http://gg.gg/oyo5n
https://diarynote.indered.space
*Ag Stance On Gambling Winnings
*Ag Stance On Gambling Legislation
Nevada Attorney General Adam Laxalt has angered numerous people in power in the Silver State.
Since the year 2000, the gambling industry in Uganda has experienced a rapid increase in activity, with various new modes and facilities being introduced. The proliferation of gambling has seen the industry diversify from the early forms of gambling like casino gambling and national lotteries to new modes like sports betting and online betting among other forms. Adam Gamble Ma And Ag Stance On Gambling Reviews: You want to buy Adam Gamble Ma And Ag Stance On Gambling.
Ralston Reports recently suggested more than one person is irked by Laxalt’s latest move regarding online gambling. He signed a letter imploring President-elect Donald Trump and his staff to help spearhead legislation explicitly reaffirming the Wire Act covers online gambling. Such an act would make online gambling illegal nationwide.Laxalt’s position on gambling not unexpected
This is far from the first time Gov. Brian Sandoval and Laxalt have butted heads over online gambling. About a year ago Laxalt came out against online gambling. He expressed a desire to return to the “status quo” and cited his concerns over the source of the money being deposited on the sites.
Sandoval immediately expressed disappointment with Laxalt’s stance back then. The governor is experienced with gambling issues, having previously served as the chairman of the Nevada Gaming Commission. “I am very concerned that anyone representing the state’s legal interests would speak out against current state law in our leading industry,” Sandoval stated last year.
Both Sandoval and current Nevada Gaming Control Board Chairman AG Burnett disagreed with Laxalt. They did not agree that federal action would cut down on offshore sites offering online poker and casino games. If anything, they feared the law would leave state-regulated gambling on the outside looking in, while offshore sites grew even stronger.Who is mad at Laxalt this time?
Ralston Reports did not have direct quotes from Sandoval. The site did speak with sources in his camp who confirmed Laxalt acted without consulting Sandoval’s office though.
Burnett went on the record. “Internet gaming in Nevada has been a complete regulatory success. We’ve had no issues with patron protection or ensuring it is done to the letter of the law. I’m disappointed Mr Laxalt didn’t consult with his clients on this,” he said.
It also comes just as MGM Resorts went live with a statewide rollout of online casino tournaments for real money.
After the article was tweeted out, Robert Uithoven, a friend of Laxalt, hinted at why Laxalt is not so keen on state online gambling:
Perhaps a column is due recapping the promises made during that 2-hour (if that) debate on the jobs & revenue projections.
— Robert Uithoven (@ruithoven) December 3, 2016
Uithoven is a long-time Las Vegas Sands lobbyist, meaning he is on the side of long-time online gambling opponent Sheldon Adelson.Does Laxalt have a point?
Many have criticized some of the statements in the recently penned letter. The suggestion that underage gaming is a cause for concern even in a regulated environment has generated a lot of attention.
WSOP.com Head of Poker Bill Rini offers some insight into just how effective age restrictions have been in New Jersey and Nevada:
“The safeguards put in place by NV and NJ regulators have been very effective in preventing underage gaming,” Rini said. “What makes online gaming unique is that we can leverage technology to help gateway our product from people who shouldn’t be playing.
“We are required to collect certain identifying information before wagering is permitted which we then match to public databases to determine with a high degree of confidence that the person is who they say they are.”
The unspoken issues about online poker in Nevada underperforming financial expectations is one that is easier for Laxalt to defend.Ag Stance On Gambling Winnings
Nevada regulators no longer report revenue for online poker. When Ultimate Poker shuttered its operations in 2014, there were no longer enough operators to merit tracking such information.
In the early days of online poker in the state, monthly revenue exceeded $1 million only once. With Ultimate gone and WSOP NV holding a virtual monopoly, it is fair to assume numbers are not booming. Recent estimates from PokerScout report traffic for ring games on WSOP.com at 160 concurrent players.
When Nevada legalized online poker, it was done so based on revenue estimates that far exceeded actual performance. Laxalt is right to point to this.
However one could also suggest part of the reason online poker has not taken off is because of the political uncertainty surrounding it thanks to letters just like the one he sent to the new administration.
NEW YORK - October 30, 2020 - ( Newswire.com )
For online gambling company BetOnline.ag, it’s beginning to feel like 2016 all over again.
In the weeks leading up to America’s last Presidential Election, widely-respected political polls and predictive models suggested a somewhat easy win for Hillary Clinton.
RealClearPolitics and FiveThirtyEight both projected Clinton’s chances of becoming the nation’s first female president around 70 percent. Other websites were even more bullish on Clinton, and so were the bookmakers.
“When there’s a fishy line or movement in sports betting, the old adage is that ‘Vegas knows something,’” Dave Mason, brand manager at BetOnline.ag, said. “But in 2016, it was the bettors in the know. The oddsmakers make a living being on the right side, but they were dead wrong that year.”
Money flooded in on Donald Trump in the weeks and days leading up to the 2016 Election. But BetOnline and other bookmakers worldwide were firm in their position and continued to offer great value on the underdog.
“Everyone was shell-shocked. Heck, I even think Trump was a little surprised,” Mason said of the 2016 outcome. “To say the bookies took a bath that Election Day would be a gross understatement. The decision was a big loss for the industry, and a big win for the betting public.”
Estimated losses in the global gambling markets that were able to offer political wagering for the 2016 U.S. Presidential Election were reportedly in the hundreds of millions.
Fast forward four years, and gaming properties are sitting in a very similar position.
As of this release, FiveThirtyEight is giving Joe Biden even better odds than Clinton, currently predicting an 89 percent chance the former VP will be elected. RCP ’s national poll average shows Biden winning by a small margin.
But the bettors, once again, are predicting an underdog outcome.
Since Monday, BetOnline.ag reported that 85 percent of the bets taken on its presidential odds have been on Trump. This one-sided action has greatly swung the numbers in terms of the company’s liability. BetOnline revealed that it stands to lose a seven-figure sum if Trump is re-elected.
“Political stances aside, we’ll all be rooting for the favorite next week,” Mason said. “That’s uncommon in our industry, but we need Biden in a big way.”
Political betting has become wildly popular over the last 10 years, and the 2020 Presidential Election is close to becoming the biggest decision in BetOnline’s 20-year history of taking wagers on sports, politics, entertainment and more. The website’s political betting markets this year have already surpassed the straight bet handle for Super Bowl LIV back in February.
BetOnline would not provide specific numbers, but a representative said that since the last election, it has booked an amount in the eight-figure range on this year’s election.
Currently on the website, Biden is a -180 favorite to win the 2020 Presidential Election while Trump is a +160 underdog.Ag Stance On Gambling Legislation
It remains to be seen as to whether or not the gamblers will be on the right side of the odds again, but it’s worth noting that the same betting patterns from 2016 are trending as Election Day nears.
About BetOnline.ag
Established in 1991, BetOnline ( www.betonline.ag ) has become a worldwide leader in providing safe, legal and secure online gaming. The company’s guiding principle is to establish long-lasting, positive relationships with its customers and within the gaming community. BetOnline features the most innovative technology and online gaming solutions for its sportsbook, casino and racebook clients.
Contact
Joshua Barton The Odds PR josh@oddspr.com
Press Release Service by Newswire.com
Original Source: Gambling Company Poised to Lose Millions if Trump Wins Election
Register here: http://gg.gg/oyo5n
https://diarynote.indered.space
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