The Internet gambling world was full of breaking online casino news again this week. In this post we’ll be taking a look at some of the week’s news highlights from Trusted news authorities including Forbes, The Wall Street Journal and The Washington Post.
July 13, 2019 – Lottery gets win in Pennsylvania casinos’ gambling lawsuit – by Associated Press, Source: Washington Post.
Pennsylvania’s casinos have lost a bid to shut down online lottery games that they say are too much like casino gambling, just days before the state’s first casinos launch their own online gambling portalsSource Credit: https://www.washingtonpost.com/business/lottery-gets-win-in-pennsylvania-casinos-gambling-lawsuit/2019/07/13/fc71dbf6-a529-11e9-a767-d7ab84aef3e9_story.html
July 15, 2019 – Influx Of Online Casinos Helped This Philippine Tycoon Become The Country’s Newest Big Landlord – by Roel Randingin, Source: Forbes.com
Edgar Sia II made his fortune a decade ago feeding the Philippines’ appetite for chicken. Now he stands to make an even larger one feeding China’s appetite for gambling. Sia’s company DoubleDragon Properties spent the last few years building, among other things, office towers along Manila’s once-sleepy waterfront. Sia figured he’d lease the space out to call centers and business process outsourcers, key drivers of economic growth in recent years. He estimated that he could collect about $14 a square meter.
He didn’t count on demand from across the South China Sea. DoubleDragon got its towers up and running just as warming ties between Beijing and Manila sparked a boom in arrivals by Chinese eager to open offshore casinos offering online gaming to countrymen back home where casinos are illegal. DoubleDragon’s Meridian Park complex is a 10-minute drive from Manila’s Entertainment City casino complex. Sia found himself not only among the largest commercial property owners in the area, but the only one with new property to rent.Source Credit: https://www.forbes.com/sites/forbesasia/2019/07/15/influx-of-online-casinos-helps-edgar-sia-ii-become-the-philippines-newest-big-landlord/
July 16, 2019 New York Casinos Begin Taking Sports Bets – by Jimmy Vielkind. Source: Wall Street Journal, wsj.com
The state’s first legal sports bets were placed at an upstate casino on Tuesday morning, but experts say New York still lags behind its neighbors because mobile wagering isn’t allowed.Source Credit: https://www.wsj.com/articles/new-york-casinos-begin-taking-sports-bets-11563299929
The sports book at the Rivers Casino opened to the public just before 10:30 a.m. after a ceremony featuring state and local officials. A 2013 amendment to the State Constitution legalized Las Vegas-style commercial casinos in New York, and an accompanying law that year authorized sports betting should it ever be federally allowed.
A 2018 U.S. Supreme Court ruling struck down federal prohibitions on sports betting. Sixteen other states and the District of Columbia have legalized sports betting, according to Daniel Wallach, a Florida attorney whose clients include online gaming companies.
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