Gambling and Sports Betting News Wire - August 28 2019
Here are today's headlines in the world of gambling and sports betting as they happen - Wednesday August 28, 2019.
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Arlington Racetrack Future Unknown
The majority owner of the Arlington International Racecourse says it might move the racetrack from its longtime home in Arlington Heights and has no plans to add casino gambling on-site. https://t.co/lcRwG80kwS
— Chicago Tribune (@chicagotribune) August 28, 2019
Philippines Studying Economic Impact of Online Gambling Halt
Is this the beginning of the end for #Philippine online #gambling operators? https://t.co/9JcMThtouZ
— CalvinAyre.com (@CalvinAyreNews) August 28, 2019
Draftkings Mobile App Launches in West Virginia
DraftKings Sportsbook has launched its mobile app in the state of West Virginia in partnership with the Hollywood Casino at Charles Town Races, following in the footsteps of FanDuel, which launched just two days ago through its partnership with the famed Greenbrier.
“We are thrilled to continue our DraftKings Sportsbook expansion by getting our product into the handsof West Virginians,” said Matt Kalish, co-founder and Chief Revenue Officer at DraftKings. “We look forward to serving our fans with the top-rated DraftKings Sportsbook app, that features numerous consumer protection features and strives to provide the broadest selection of betting options with the best odds and rewards in West Virginia. DraftKings knows the American sports fan better than anyone, and we look forward to proving that in the Mountain State.”
New Jersey Beats Nevada in Sports Betting Handle
Nevada sportsbooks took about $235 million in wagers for the month, while New Jersey generated $251 million in handle.
It's the second time NJ has beaten the Silver State. They last did so in May.
Unlike in Nevada where registering on a sports gambling app must be done on-site, New Jersey allows remote registrations.
Nevada sportsbooks held a handle of 4.5% of $10.5 million in revenue.
Nevada Casinos Net Wins for July
Nevada casinos' net winnings in July:
— David Payne Purdum (@DavidPurdum) August 28, 2019
Blackjack $87.2 million
Craps $39.3 million
Roulette $32.2 million
Baccarat $77.1 million
Sports $10.5 million
Penny slots $307.1 million
[Source: Nevada Gaming Control]
Ladbrokes Knew of Problem With ‘Cancelled’ Bets, Says Former Employee
A former employee of Ladbrokes claims the company was fully aware of a software systems issue that caused some customers to see unique “receipt” numbers, normally issued only when a bet has been accepted, on bets that had been refused by the firm’s trading department.
From the Guardian:
The Guardian first reported an apparent problem with Ladbrokes’ procedures for accepting and refusing bets in November 2018. From October 2017 onwards clients whose bets were referred for approval by traders reported seeing receipt numbers alongside their requested stakes, while the balance of their account also appeared to have been debited as if the bet had been accepted, even though the traders had declined the bet. The bets were also subsequently listed on their account statements as having been “cancelled” rather than declined or refused.
It subsequently emerged that a number of Ladbrokes’ customers had received out-of-court settlements after threatening to sue for payment on bets that they believed had been accepted, while several more had lodged cases with IBAS, the Independent Betting Adjudication Service.
The news comes as Ladbrokes will be forced to pay a £5.9m penalty after failing to “protect customers from gambling harm” and prevent money laundering during a period between 2014 and 2017.
Among the various improprieties: Neglecting to ask one customer who lost £1.5m over three years about their source of funds
“These were systemic failings at a large operator, which resulted in consumers being harmed and stolen money flowing though the business and this is unacceptable,” the Gambling Commission executive director, Richard Watson, said.
Oregon Kicks Off Sports Betting
Former Dallas Cowboys star Ed "Too Tall" Jones placed the first sports bet at Chinook Winds Casino on Tuesday, Aug. 27, 2019, as the casino opened its sports wagering lounge.
Jones put down a $5 wager for the Cowboys to win the Super Bowl, The News Guard reports.
The news comes as the state Lottery confirmed it will be late in launching online sports betting in the state.
Chinook Winds Casino will be permitting bets on college sports, the state Lottery will not. This means that anyone looking to place bets using their mobile devices in Oregon will only be able to wager on college sports via offshore sportsbooks.
Chinook Winds Casino will offer a mobile product that permits betting on college sports but one can only use it on the property.
Our Free Picks Record August 28
2019 College Football Record: 1-0 (100%) - No Plays Over -160
2019 MLB Record: 24-17-2 (58.5%) - No Plays Over -160
2018-19 College Basketball Record: 12-9 (57.1%)
2018-19 NBA Record: 7-5 (58%)
2018 MLB Record: 45-35 (56.2%)
2018 NBA Record: 12-4-1 (75%)
