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December 2, 2024 – FairOdds Network

Daily Archives: December 2, 2024

Miriam Adelson more than quadruples 2022 Texas gambling contributions

The Adelson family, now majority owners of the Dallas Mavericks, have heavily backed gambling legislation in Texas over the last several sessions. But despite all the dollars put in, Texas politicians have not meaningfully considered the issue.

The Texas legislature meets only in odd-numbered years. During the 2023 session, the house approved a bill that would have allowed for statewide mobile betting controlled by the state’s professional sports teams and other sports entities, with the tax rate set at 10%. A destination resorts bill that included casinos was withdrawn from the house floor without a vote. Besides that, Texas’ lieutenant governor, Dan Patrick, said at that time he wouldn’t call for a vote on legal wagering.

He tweeted, “I’ve said repeatedly there is little to no support for expanding gaming from senate GOP. I polled members this week. Nothing changed. The senate must focus on issues voters expect us to pass. We don’t waste time on bills without overwhelming GOP sup..

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Argentina chamber of deputies approves bill to ban online betting ads

The chamber of deputies in Argentina has approved a bill to ban online betting advertising, with the hopes it will protect children from gambling harms.

In a special session on 27 November, the chamber passed the federal bill by 139 votes to 36. There was also 59 abstentions from the vote in Argentina.

The bill will now go to the senate, which will take into account the views of stakeholders such as Argentinian football clubs before deciding whether to progress the bill further.

Article 8 of the bill bans advertising, promotion and sponsorship of online betting on all communication platforms. This includes digital platforms like social media and outdoor spaces such as public roads.

Additionally, Article 8 prohibits online operators from sponsoring sports teams or athletes. This also includes the use of the company’s name to identify sporting venues such as stadiums or training centres. The promotion of online gambling on signage at such venues would also be banned.

Influencer adv..

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Star Sports names former MP Davies as new chairman

UK bookmaking group Star Sports has announced the appointment of former Conservative MP Sir Philip Davies as its new chairman.

Davies is replacing Russ Wiseman, who recently stepped down as chair of Star Sports for personal reasons.

Davies served as the Conservative MP for Shipley in West Yorkshire for almost 20 years. He was first elected in May 2005 and remained as MP until this year’s general election, where he lost out to Labour’s Anna Dixon.

“I am delighted to be joining Star Sports at such an exciting time in the company’s history,” Davies said. “I have been lucky enough to get to know founder Ben Keith over the last few years. I have huge admiration for the business that he has built.”

Davies also revealed that he began his working life in his mother’s betting shop: Marilyn Davies Bookmakers.

“I’m hugely looking forward to working closely with Ben and his management team to fulfil the group’s growth strategy and commitment to operating responsibly,” Davies said.

Founder Ke..

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Ohio sports betting handle exceeds $900 million in October

Consumers in Ohio spent $901.4 million (£711.5 million/€854.8 million) betting on sports in October, the second highest monthly amount since the state launched its legal market in January 2023.

The October total surpasses last year’s $747.7 million by 20.6% and 4.5% higher than $863 million in September. It is second only to $1.11 billion in the opening month of legal betting in Ohio.

Data supplied by the Ohio Casino Control Commission shows online betting handle topped $881.7 million and retail $19.7 million.

Player winnings hit $814.7 million across online and retail while $5.6 million worth of wagers was voided. After also taking off $37.7 million in promotional gaming credits, taxable revenue for October reached $81.5 million.

The monthly revenue figure is 1% above last year’s $80.7 million haul and 67% ahead of $48.8 million in September. Ohio’s record is $209 million, again in the launch month of January 2023.

Online betting generated $80.3 million in taxable revenue and re..

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