Sports Betting News, Reviews & More

Now that Donald Trump is the President-elect and will be taking over the White House on January 20, 2017, many experts in the sports betting industry believe that there is a good chance Trump will be a big proponent of legalized sports betting.

According to R Street Institute which is a public policy think tank in D.C., Trump has a large history of gambling which could translate into his backing of legalized sports betting on a federal level.

As a supporter of gambling as seen by his many casino ventures, Trump is definitively not opposed to gambling as a business and this will be a way for him to improve the Trump economy era.

In the world of online gambling, they are two sides to every issue whenever they come up.  Since the advent of online sports betting and casino gambling, they have been numerous gambling companies that have stolen players’ money and numerous players that have found ways to steal from gambling companies.

In the early 1990’s the majority of online sportsbooks were located offshore which made it difficult for a player to have any kind of arbitration in case of a dispute.  In most cases, of a legitimate complaint from the player who encountered a bad sportsbook, he would lose his money and there was nothing he could do about it.

Thus rose the creation of online sportsbooks and casinos watch dogs.  As time went by, the sportsbook watchdog industry took a dive as the advertising money started to flow and they became biased in settling disputes.

Owning an online gambling website in the Philippines may have just gotten tougher with Philippine President Rodrigo Duterte who took office back on June 30, 2016.  One of the promised that he had made was that he was going to crackdown on online gambling and it looks like his promise is good.

This past July, PAGCOR (Philippine Amusement and Gaming Corporation) which regulates gambling in the Philippines has revoked 124 online gaming licenses and PAGCOR is also planning on not renewing 302 online gaming venues and 324 online bingo games that offer their service to Philippine gamblers.

PAGCOR which not only regulates the country’s gambling industry but also  operates several gaming parlors around the country is in a position to lose billions of PHP Dollars due to the cancellation of these licenses.

Two of Australia’s biggest gambling companies, Tabcorp and Tatts have just agreed to merge to create an $11.3 billion mega-merger.

The merger of these two companies will create a near monopoly that will control 90 percent of Australia’s gambling revenue which is in excess of $5 billion.  The combined market value of both companies is worth around $8.6 billion.

The decision was made with a unanimous consent by the board of director of both companies where they agreed to a script and cash deal giving Tabcorp control of the merged companies.

Shareholders of Tatts will receive 0.8 shares plus 42.5 cents for each of their share which will be at a 20 percent premium along with a $500 million share buyback once the merger is complete in 2017.