Lee Travino, who bet on himself to win the 1971 Open Championship at 14-1 and blew away the field. (Image: bahl.blog.blogspot.com)
The world’s most readily useful golfers are up in hands this week at the Open Championship in the UK, where they are asked to sign a waiver to declare that they can maybe not place wagers on the result of the championship. Betting is something of the tradition for many players at the Open, because, of course, sports betting is completely legal and readily obtainable in Britain. At the 1971 Open, Lee Travino famously bet £100 ($171) on himself at 14-1, which helped him to almost triple his award money as he blew away the field.
However, for the time that is first the Open, the R&A, the governing human anatomy regarding the game outside the US, has formally warned players that such behavior is now off-limits, despite the fact that it claims the rules have been in place since 2011. It absolutely was news to some. One player, whom wished to remain nameless, told ESPN that he was ‘shocked’ when he ended up being handed the waiver, while his caddy expressed his delight that the ban did not extend to caddies.
We sense way around the rules with that one.
’30 Guys in Violation’
Pro golfer Graeme McDowell gave a more measured and professional response, however, stating: ‘It’s really no various than what we have regarding the European Tour and PGA Tour, so that it doesn’t change such a thing.
‘seriously I love to gamble,’ he continued, ‘just not on golf!’ he added quickly, lest there were any representatives through the R&A in the vicinity.
Alas, though, it appears that old habits die hard, as you player that is anonymous unveiled to ESPN: ‘There’s probably … at least 30 guys in violation [of the no-bet waiver] already,’ the source unveiled, ‘and that number will be bigger by [the end of the week].’
The regulations that are new British golf in line with every other sport on the planet, which tend to frown on players betting regarding the upshot of an event in which they’re participating. The English Football Association (FA) recently announced that, from the season that is forthcoming all professional players in English soccer would be banned from betting, not just on competitions in which their group is involved, as was previously the situation, but from all football matches anywhere in the world. The brand new hard-line FA rules could well be the catalyst that has prompted the R&A to clamp down on its players.
Maintaining Sport Clean
R&A CEO Peter Dawson said: ‘I can say that this whole business of keeping sport clean in terms of betting is quite high on the IOC’s agenda at the moment, and one we’re following very closely because it’s simply a killer to sport to believe any outcomes might have been predetermined. And I don’t think that’s applying in golf. But we must be vigilant.’
Meanwhile, those of us who aren’t golfers that are pro and who live in countries where such practices are legal, we are absolve to wager on the results of the Open Championship to the heart’s content. And perhaps not just the outcome; most UK bookmakers are offering odds on anything from whether a player will create a cut to exactly how many bunkers he might hit.
With regards to a winner that is outright Rory McIlroy is favorite ( at that time with this writing), at 5-1, in which he would seem to be always a solid choice if he are able to keep their composure at the start, although an excellent outside bet could possibly be Justin Rose at 16-1. He’s been on a tear, having simply won two tournaments on the bounce.
GTECH $4.7B IGT Acquisition to Create Gaming Superpower
GTECH’s $4.7 billion purchase of IGT will benefit both companies and allow for a few corporate tax breaks (Image: gamblingnews.ca)
Two super heavyweights of the gaming industry are to merge in a $4.7 billion deal, as Italian company GTECH has announced its takeover of Las Vegas-based IGT this week, together forming the globe’s biggest gaming company that is end-to-end.
The two giants will combine to make a new company that is holding in the UK, with corporate headquarters in London and operating head office in Las Vegas, Providence, Rhode Island and Rome. It shall, however, be listed on the New York Stock Exchange. GTECH may also assume approximately $1.75 billion in existing IGT internet debt, making the purchase that is total approximately $6.4 billion.
GTECH is the largest operator of lotteries on the planet, having 63 percent of this global lottery market. It runs in all continents and across 52 nations, using over 8,500 individuals. In 2012, it had profits of €3.08 billion ($5.14 billion). It also owns the software that is iGaming Wagerworks.
IGT, meanwhile, could be the globe’s manufacturer that is largest of gaming equipment, producing roughly 50 % of all gaming machines in america. It offers offices in 11 countries, but has recently reported a decline in earnings and in March announced so it would be forced to lay off seven % of its workforce that is global in to truly save expenses.
Deal ‘Defines the long run of Gaming Entertainment’
The two companies say that the deal allows them to capitalize on opportunities across global gaming market and that the new group would be likely to reap revenues of over $6 billion with more than $2 billion in profits.
‘we have been exceptionally pleased to reach a definitive merger agreement with GTECH because of our exploration of strategic options to optimize shareholder value,’ said IGT CEO Patti Hart. ‘ This outstanding mix of two global leaders truly defines the future of gaming activity. Together we are uniquely placed to produce the industry’s broadest and most innovative portfolio of best-in-class items, solutions and solutions.’
For GTECH, the acquisition represents its arrival on the scene as being a major player that is global the casino industry and can also allow it to build on its presence in the US video gaming market where it already operates lotteries. GTECH is facing far slower growth at home in the market that is italian according to Reuters, total net spending for video gaming in Italy fell 6.6 percent a year ago, while it rose 6.7 % in america.
UK Corporate Tax Breaks
Relocation to the UK, meanwhile, offers a slightly more favorable income tax regime. In accordance with The Wall Street Journal, the 2 organizations currently have an income tax rate in the high 30 % range which would fall to your mid-30s in the UK. The report notes that this will be element of a trend in which a large company, usually American, will acquire an overseas company so that you can create a new company that can relocate to a country where it’s going to pay less corporate tax, although in this case the reverse is true.
‘This transaction is transformational for our company.’ said Chief Executive Officer of GTECH Marco Sala. ‘With restricted overlap in products and customers, the combined company will enjoy positions that are leading all portions of the gaming landscape. It’s going to increase our global scale along with the full suite of offerings and customer that is robust across the client spectrum, the new business need unparalleled capabilities to deal with the ongoing convergence across international gaming segments.
‘ Our expertise across these segments and greater ability to invest in R&D will improve player experiences and benefit our business and government clients. The transaction will significantly enhance our cashflow and financial strength, and offer clear and achievable price and revenue synergies,’ Sala included.
MGM Expected to get Maryland Casino Approval
An MGM casino would be just the development that is latest at National Harbor along Maryland’s Potomac River. (Image: JonBilousBlog.com)
MGM Resorts happens to be making some big splashes on the East Coast, including gaining a license to create in Springfield, Massachusetts. Now, with one last approval from local regulators, MGM could see another complex built simply miles from the country’s capitol.
The Prince George’s County Council is likely to vote on 21 in favor of approving the construction of a $925 million casino complex in National Harbor, Maryland, just across from Washington D.C. over the Potomac River july. The venue, which has recently gotten approvals that are numerous local and county officials, is expected to be opened in July 2016.
Casino License Currently Approved
This last approval will aussie-pokies.club come just months after MGM received the last of six casino gambling licenses provided by hawaii of Maryland. Groundbreaking regarding the casino could take place as early as this summer, and the organization has already begun initial work on the website in anticipation of the approval process that is smooth.
The reasonably easy regulatory process has been aided by the truth that almost no opposition has emerged to the project. Pretty everyone that is much has been on board with the casino, that is anticipated to bring significant financial benefits to both Maryland and Prince George’s County.
Where there are disagreements, they have already been primarily according to the design of the casino, because well as just what the community can get from the revenues it creates. Concerns happen raised in regards to the big LED video screens that are to be included to the signage for the casino, with some saying they are able to be a security hazard and distract drivers on the I-295 highway. But the planning that is local approved them, agreeing that they had been an important part of business and also the casino aesthetic.
That issue may be the one hurdle MGM could have to clear during the County Council conference, as many locals have actually complained about the size and scope of the signs, some of which are as big as 60 feet high and 100 legs wide.
‘This is not Las Vegas,’ said William Cavitt, president of the Indian Head Highway Area Action Council. ‘It isn’t Atlantic City. It isn’t any other location where MGM is found.’
Latest Development at National Harbor
The proposal would put a major casino resort just moments from Washington. MGM plans to build a single million square-foot facility, one that could consist of about 3,600 slot machines and 140 table games. There would also be a hotel that is 300-room, high-end restaurants and retail locations, and a concert movie theater.
As soon as approved by the County Council, MGM would then have the ability to request the permits that are necessary begin construction.
The casino would join a small but vibrant development on the banks of the Potomac River. National Harbor first opened in 2008, and additions to the site have actually been ongoing from the time. The area, which covers significantly less than two miles that are square already features a meeting center and six hotels, as well as numerous restaurants and shops. The Walt Disney Company has planned to create its hotel that is own resort National Harbor, but backed away from the concept in 2011.