UK Players Banned from Betting on Open Championship Golf
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 globe’s best golfers are up in hands this at the Open Championship in the UK, where they have been asked to sign a waiver to declare that they will not place bets on the outcome of the championship week. Betting is one thing of a 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 prize money as he blew away the field.
However, for the very first time at the Open, the R&A, the governing human body associated with game outside the US, has officially warned players that such behavior is now off-limits, despite the fact it claims the rules will be in destination since 2011. It absolutely was news to some. One player, whom wished to remain nameless, told ESPN which 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 a real way around the rules with that one.
’30 Guys in Violation’
Pro golfer Graeme McDowell gave an even more measured and response that is professional however, stating: ‘It’s really no different than just what we have in the European Tour and PGA Tour, so it doesn’t change such a thing.
‘Honestly we love to gamble,’ he continued, ‘just not on golf!’ he added quickly, lest there were any representatives from the R&A in the vicinity.
Alas, though, it would appear that old practices die hard, as one player that is anonymous revealed to ESPN: ‘There’s probably … at least 30 guys in violation [of the no-bet waiver] already,’ the source revealed, ‘and that number will be bigger by [the aussie-pokies.club end of the week].’
The regulations that are new British golf in line with every single other sport in the world, which tend to frown on players betting on the results of an event in which they truly are participating. The English Football Association (FA) recently announced that, from the forthcoming period, all professional players in English soccer would be prohibited from wagering, not just on competitions in which their group is included, as was previously the situation, but from all soccer fits anywhere in the world. The new hard-line FA rules could very 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 business that is whole of sport clean in terms of betting is very high in the IOC’s agenda at the moment, plus one we’re following very closely since it’s simply a killer to sport to believe that any outcomes might have been predetermined. And I also don’t think that’s applying in golf. But we have to be vigilant.’
Meanwhile, those of us whom are not pro golfers, and who inhabit countries where such practices are appropriate, we are absolve to wager on the outcome of the Open Championship to your heart’s content. And perhaps not just the result; most UK bookmakers are offering chances on anything from whether a player will make a cut to how many bunkers he may hit.
With regards to a winner that is outright Rory McIlroy is favorite ( during the time of the writing), at 5-1, and he would seem to become a solid choice if he could well keep their composure in advance, although a good 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 produce Gaming Superpower
GTECH’s $4.7 billion purchase of IGT will gain both companies and allow for a few tax that is corporate (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 end-to-end gaming company.
The two giants will combine to create a new holding company based in the UK, with corporate headquarters in London and operating headquarters in Las Vegas, Providence, Rhode Island and Rome. It shall, nonetheless, be noted on this new York Stock market. GTECH also assume approximately $1.75 billion in existing IGT net debt, making the total purchase price approximately $6.4 billion.
GTECH is the operator that is largest of lotteries in the world, having 63 per cent associated with the worldwide lottery market. It operates in all continents and across 52 countries, 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, may be the world’s largest manufacturer of gaming equipment, creating roughly 1 / 2 of all gaming machines in the usa. It has offices in 11 nations, but has recently reported a decline in earnings and in March announced that it would be forced to lay off seven per cent of its workforce that is global in to truly save costs.
Contract ‘Defines the Future 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 are exceptionally pleased to reach a merger that is definitive with GTECH as a consequence of our research of strategic alternatives to optimize shareholder value,’ said IGT CEO Patti Hart. ‘ This outstanding mix of two global leaders truly describes the future of gaming entertainment. Together we are uniquely positioned to provide the industry’s broadest and most portfolio that is innovative of services and products, solutions and solutions.’
For GTECH, the acquisition represents its arrival on the scene as being a major global player in the casino industry and certainly will also allow it to build on its presence in the United States video gaming market where it already runs lotteries. GTECH is dealing with far slower growth at home in the market that is italian in accordance with Reuters, total net spending for video gaming in Italy fell 6.6 percent last year, while it rose 6.7 % in the usa.
UK Business Tax Breaks
Relocation to the UK, meanwhile, offers a slightly more tax regime that is favorable. In accordance with The Wall Street Journal, the two organizations currently have an income tax rate in the high 30 % range which would fall to your mid-30s within the UK. The report notes that this really is element of a trend in which a large business, usually US, will acquire an overseas company in order to produce a new company that can relocate to a country where it’ll pay less corporate tax, although in this case the reverse is true.
‘This transaction is transformational for our company.’ said ceo of GTECH Marco Sala. ‘With limited overlap in products and customers, the combined company will enjoy positions that are leading all sections of the gaming landscape. It’ll increase our global scale along with a complete suite of offerings and robust customer relationships across the client range, the new company may have unparalleled capabilities to handle 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 strength that is financial and offer clear and achievable cost and revenue synergies,’ Sala included.
MGM Anticipated to get Maryland Casino Approval
An MGM casino would be just the latest development at National Harbor along Maryland’s Potomac River. (Image: JonBilousBlog.com)
MGM Resorts was making some big splashes on the East Coast, including gaining a permit to construct in Springfield, Massachusetts. Now, with one approval that is last local regulators, MGM could see another complex built just miles from the nation’s capitol.
The Prince George’s County Council is likely to vote on July 21 in support of approving the construction of a $925 million casino complex in National Harbor, Maryland, just across from Washington D.C. within the Potomac River. The place, which has already received approvals that are numerous local and county officials, is expected to be opened in July 2016.
Casino License Already Approved
This approval that is final come just months after MGM received the last of six casino gambling licenses offered by their state of Maryland. Groundbreaking on the casino could take place as early as come july 1st, and the business has already begun initial focus on the site in anticipation of a smooth approval process.
The fairly easy process that is regulatory been aided by the fact that little opposition has emerged to the project. Pretty much everybody else included is on board with the casino, which is expected to bring significant economic advantages to both Maryland and Prince George’s County.
Where there are disagreements, they have already been primarily considering the design associated with casino, because well as what the grouped community can get from the revenues it creates. Concerns have been raised about the large LED video screens that are to be incorporated into the signage for the casino, with some saying they are able to be a safety hazard and distract drivers regarding the I-295 highway. But the planning that is local approved them, agreeing that they were a significant part of the business while the casino aesthetic.
That issue is the one hurdle MGM could have to clear during the County Council meeting, as numerous locals have complained about the scope and size of the signs, some of which are as big as 60 feet high and 100 feet wide.
‘This is not Las Vegas,’ said William Cavitt, president of the Indian Head Highway Area Action Council. ‘It is not Atlantic City. It is not any other location where MGM is located.’
Latest Development at National Harbor
The proposition would place a casino that is major just mins from Washington. MGM plans to build a one million square-foot facility, one that would add about 3,600 slots and 140 table games. There would additionally 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 be able to request the necessary permits to begin construction.
The casino would join a small but vibrant development on the banking institutions of the Potomac River. National Harbor first opened in 2008, and additions to the site have been ongoing ever since. The region, which covers not as much as two square miles, currently features a meeting center and six hotels, as well as many restaurants and shops. The Walt Disney business has planned to build its own resort resort at National Harbor, but backed away from the concept last year.