The Daily Journal – The odds on New Jersey successfully legalizing sports betting in the state continue to get longer and longer. But officials might as well keep rolling the dice and hoping for the best. A three-judge federal appeals panel last week rejected New Jersey’s effort to overturn a ban on sports betting in all but four states — Nevada, Oregon, Delaware and Montana — that had signed on for the right to conduct sports betting in the early 1980s. New Jersey had its chance too at that time, but didn’t bother. Now, however, state officials see sports betting…

iGaming Business – Online casino game 5050Sports, which incorporates officially licensed archive video clips, has launched on the BetVictor platform. 5050Sports gives players a straight ‘yes or no’ choice as to whether an incident will occur; for example ‘Does the player score the penalty?’ or ‘Will it be a boundary?’ Once the selection has been made, a short video clip is shown relating to the question and the bet outcome is determined within five seconds. 5050Sports uniquely incorporates classic highlights from international football, world championship boxing, world cricket, tennis, darts, snooker, greyhounds and motorsport. Fixed stakes start at £1 and…

Casino City Times – When a federal appeals court this month rejected New Jersey’s challenge of the federal ban on sports betting, bookmakers and casino operators were left wondering what’s next. The arguments made by the state were that the Professional Amateur Sports Protection Act of 1992 that restricts sports gambling violates the state’s sovereign rights and is unconstitutional. “We had a mission to pass Internet gaming, exchange wagering and sports betting,” Bill Pascrell, a partner with Princeton Public Affairs Group Inc. in Trenton, N.J., said during a panel discussion Tuesday on sports betting and fantasy sports at the Global…

iGaming Business – US horserace betting site BetAmerica has launched Fanex Sports, a real-money fantasy sports betting site where players can bet on their fantasy teams and win financial gains in return. Sports on offer include NFL Football, Major League Baseball and NBA Basketball, with PGA Golf and horse racing to be launched soon. The major media broadcasters such as Yahoo, ESPN or CBS all offer their particular versions of the product and online fantasy leagues and sports betting represent big business in the US. BetAmerica is hoping to tap into a market that generated US$470m in revenues in 2012…

Las Vegas Review-Journal – When a federal appeals court this month rejected New Jersey’s challenge of the federal ban on sports betting, bookmakers and casino operators were left wondering what’s next. The arguments made by the state were that the Professional Amateur Sports Protection Act of 1992 that restricts sports gambling violates the state’s sovereign rights and is unconstitutional. “We had a mission to pass Internet gaming, exchange wagering and sports betting,” Bill Pascrell, a partner with Princeton Public Affairs Group Inc. in Trenton, N.J., said during a panel discussion Tuesday on sports betting and fantasy sports at the Global…

iGaming Business – Irish bookmaker Paddy Power has confirmed it is to become the first gambling firm in the US to offer the Parx live horseracing stream service from news and sport coverage provider Satellite Information Services (SIS) Betting. Parx was introduced by SIS earlier this year as part of an upgrade of its SIS+ channel. The service covers racing from Philadelphia Park. Paddy Power will now offer Parx coverage via its website, mobile and tablet services. “Paddy Power racing customers have high expectations and the combination of live streaming and fixed pricing means we can continue to deliver the…

ABC.net.au – In 2009, Bjarte Baasland filed a claim for damages against Centrebet, after he lost more than $15 million betting on internet gambling sites, including the Centrebet site. Centrebet is a gaming company registered in the Northern Territory that was acquired by Sportingbet Australia in 2011. Mr Baasland said Centrebet was negligent in allowing him to gamble the money. In 2010, the Supreme Court of Norway ruled it had jurisdiction to hear the matter because gambling on Centrebet was available in Norwegian currency. But Justice Graham Hiley has ruled Centrebet did not owe Mr Baasland any money and that…

Click here to see our interview with the Director of the New Jersey Division of Gaming Enforcement – CBS Local – New Jersey Governor Chris Christie appears undaunted by this past week’s split decision from a three judge federal appeals panel in Philadelphia that continues a prohibition on sports gambling in the Garden State. In fact, Christie is optimistic the US Supreme Court will take up the matter. The Third Circuit panel voted 2-1 to continue a lower court order that stops a plan to allow sports betting within the state, Sports better is now  allowed under federal law in…