Appeals court denies bid for wider consideration of New Jersey sports betting

Philly.com – The U.S. Court of Appeals for the Third Circuit has denied New Jersey’s petition to have the state’s challenge to a federal sports-betting law heard by all the judges on the court in Philadelphia. A panel of three Third Circuit judges in September upheld a lower-court ruling with a 2-1 decision that the 1992 federal law barring sports betting in all but four states, including Nevada, is constitutional. The state’s only recourse now is the U.S. Supreme Court. Gov. Christie signed New Jersey’s sports-betting law in January 2012, after a question on the issue passed in a referendum…

German Online Sports Betting Re-Visited

Online-Casinos.com – The problems facing online gambling on sports in the State of New Jersey USA are somewhat like the problems associated with acquiring a license to offer sports betting in Germany. Germany has been extremely slow in granting 20 online sports betting licenses from the German authorities. The jurisdiction’s gambling authority has been dragging its feet ever since the sixteen provinces in Germany decided to create a federal interstate gambling treaty among themselves which was passed into law and remains a stumbling block in the granting of the sports betting licenses. Apparently forty one applications were filed and almost…

Unfavourable Sports Results Set to Hit Paddy Power Full-Year Figures

Irish bookmaker Paddy Power has cited unfavorable football and horse racing results for an anticipated fall in full-year operating profits. In a trading update for the period covering July 1 to November 17, the company said that its full-year operating profit for 2013 is likely to be around €11 million ($14.9 million) lower than the figure it forecast three months ago. Paddy Power highlighted unexpected results in the Australian Spring Horse Racing Carnival and the Uefa Champions League club football tournament. “We now expect low to mid single digit percentage operating profit growth in 2013 in constant currency, before currency…

Fed court rebuffs Christie in continuing challenge to fed bar on sports betting

North Jersey – The U.S. Third Circuit Court of Appeals on Friday denied Governor Christie a rehearing of a judicial panel’s affirming of the federal ban on sports betting at the state’s horse racing tracks and Atlantic City casinos. The three-page filing signed by Circuit Judge Julio M. Fuentes noted that none of the three judges requested a rehearing, and neither did a majority of the circuit’s judges. The state’s attorneys had sought a hearing from the full circuit — a process known as “en banc” — in part because the vote by the panel in September was 2-1. Judge…

Poker pro admits running high-stakes international sports book

Daily News – Professional poker player Vadim Trincher admitted to running a sports book that catered to wealthy gamblers in the United States, Russia and Ukraine. This soccer bookie to the rich may have booked himself a stay in chez fed. Vadim Trincher, 52, a professional poker player, copped Wednesday to running a high-stakes sports book that catered to multimillionaires and billionaires in the United States, Russia and Ukraine. He admitted that he took bets, mostly on soccer games, from gamblers in the U.S. and Europe. He could receive up to 20 years in prison but his plea deal with…

Cricket Australia seals Sportradar deal

iGaming Business – Sports and betting-related data company Sportradar has confirmed the Cricket Australia governing body as its latest integrity partner. Under the partnership, Sportradar will monitor Cricket Australia’s domestic competitions the Ryobi Cup, BUPA Sheffield Shield and KFC Big Bash T20 League for signs of betting-related corruption and fraudulent activity. Sportradar will utilise is Fraud Detection System (FDS) to monitor activity and report findings to the governing body as part of an effort to safeguard the integrity of Australian cricket. “Cricket Australia takes the threat of betting related match-fixing very seriously and this partnership with Sportradar is the latest…