Latest News: the US House Financial Services Committee has passed the proposal, written and sponsored by Committee Chairman Barney Frank, that would authorize legal online sportsbetting in the United States.
Notable restrictions: Major League Baseball and NFL games would still be off-limits, and the company offering the bets would have to be located within US borders. Other concerns: the bill must still pass the House of Representatives, to say nothing of the Senate, and gain approval of President Obama (or whoever is in the White House when the process is complete).
The bill would also allow games such as poker and bingo to be played online, but leaves out more ‘chance-based’ gaming, such as online blackjack or especially online slots. We’re still unsure what this may mean for the various poker, bingo, and sportsbetting sites that offer casino games such as online blackjack or video poker.
BTW: the current economic situation can work for you — interest rates have never been lower, so now is a perfect time to explore refinancing (home or even car, motorcycle, boat, et cetera). The right lender or broker can save you money in the long run and on a monthly basis.
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- Malaysia’s government has upheld the current gambling ban, despite a finance minster’s announcement to issue a license to a sports betting company. According to Malaysian law, non-Muslims are allowed to gamble in casinos (there is only one in the country) as well as participate in the lottery and bet on horse races. Sports betting has been prohibited, but illegal bookies are estimated to total almost $6.5 billion — most of which is on football, of special importance during the 2010 World Cup season.
- eGaming Review’s EGR conference and exhibition concluded its first day with the first annual EGR B2B awards. In the category of sports betting, Orbis Technology took home the “Sports Betting Supplier of the Year” honors. We weren’t surprised at the award — sites like William Hill, 888Sport, and Ladbrokes have certainly proved the excellence of the software — but we were a little bit surprised that the name was given as “Orbis” rather than “OpenBet”, which has been the name of the company since re-branding.
- New Jersey may be the only state in the US that is seriously taking steps to add sports betting to its roster of legal gambling options. A referendum may be added to the November ballot which would support (or kill) a state constitutional amendment to legalize sports betting — which could go a long way toward returning Atlantic City to its rapidly-vanishing glory days as gambling’s Second City. However, the existing federal law restricts land-based sports betting to Nevada, Delaware, Montana, and Oregon — the four states that ‘grandfathered in’ sports betting in 1992, when the law took effect. An ongoing suit is challenging this ban, with New Jersey’s laws hinging upon the results.
Keep us bookmarked for the best breaking news in the world of sportbetting and online casino USA and elsewhere.