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How A Reversal On NJ Sports Betting Case Could Affect Nevada Sportsbook Industry

Published

7 years ago

July 20, 2017

To the surprise of online gambling operators and prominent legal experts in the field, the U.S. Supreme Court announced that it will review the court ruling that blocks New Jersey based sports gambling. It was the 3^rd U.S. Circuit Court of Appeals that ruled against the law initially because they considered it to be in direct contention with the federal law that prohibits state based sports wagering in all but 4 states, The Professional and Amateur Sports Protection Act of 1992 (PASPA).

PASPA has long been considered unconstitutional by legal proponents of the online gambling community and the American Gaming Association which has most of Las Vegas’ major gambling money makers as members. If a law in New Jersey that was ruled in direct opposition of PASPA is reinstated, this likely means it might also lead to national repeal of PASPA and open the option for legal sports betting across all states.

Some might be brought to question if this is even a good thing for Nevada. If all the states are opened up to legalized sports betting at the state level, it certainly means that some of that business might go elsewhere. Industry leaders in Nevada argue the exact opposite.

They posit that if and when the national prohibition on sports betting ends, it would have more of a detrimental effect on the legal offshore gambling websites currently providing sports betting services to US residents than in the four states that are legally allowed to have them currently. They remain confident that Nevada will maintain their status as the top dog in the American sports wagering world.

The infrastructure in Nevada for sports betting is already established and would be able to adapt to a national level much faster than brands just starting out in the industry. Companies like William Hill and MGM who have already embraced online sports wagering, live betting, and mobile optimization of sports gambling are already primed and ready to create a national sports betting brand. People will undoubtedly still flock to Las Vegas for the complete experience at the highest rated sports gambling establishments in the country.

However, the Supreme Court’s review of the New Jersey law that could lead to the repeal of PASPA might go exactly the opposite way. According to one theory by legal experts, Ryan Rodenberg and John Holden, one possible scenario of the review might lead to what’s known in the legal community as “equal sovereignty”. The “equal sovereignty doctrine” that has been used in the US courts before means that the federal government must treat all the states equally.

If the review concludes with the legal opinion that PASPA is constitutional and it does not get repealed, there is a case to be made for equal sovereignty. This means that those states that are currently allowed to regulate sports wagering legally would no longer be exempt from the law that gives them those rights because other states won’t have them either.

To further muddy the waters, the pending GAME Act and/or RAWA would all have a national impact on sports wagering within the US. Regardless of which direction all of this goes, legally licensed offshore gambling sites accepting US players will still be available to offer the same services to American bettors that they’ve been providing thus far.

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New Zealand Pursues Online Casinos To Combat Offshore Betting Sites

Published

5 days ago

October 8, 2024

Offshorebettingsites.net

The New Zealand government has taken the initiative to pursue legal online casinos, and many people believe this is to combat offshore betting sites.

New Zealand’s Minister of Internal Affairs, Hon. Brooke van Velden, confirmed that the country is looking at a regulatory framework to issue online iGaming licenses by 2026. However, license holders will be subject to sustainability checks, taxes on revenue, and to provide customer protections. There will also only be a select few license holders selected if new legislation passes into law.

Currently, the only online gambling provided by the country is sports and parimutuel gambling. However, Tabcorp is the sole beneficiary as it is the only company in the country with an online sports betting license.

The Internal Affairs Department, led by Hon. Brooke van Velden, regulates all forms of gambling in the country.

Domestic New Zealand Casinos

SkyCity Entertainment Group is one of the few companies in New Zealand with a domestic casino license. It owns resorts in three cities: Auckland, Hamilton, and Queenstown. Earnings reports confirmed that SkyCity generated retail gross gaming revenue of USD 229 million for 2023.

Full NZ Casino List

SkyCity Auckland – 1800+ gaming machines, 150 gaming tables.
Christchurch Casino – 500 gaming machines, 36 gaming tables.
SkyCity Hamilton – 339 gaming machines, 23 gaming tables.
Dunedin Casino – 180 gaming machines, 12 gaming tables.
SkyCity Queenstown – 86 gaming machines, 12 gaming tables.

Offshore Casinos In New Zealand

Offshore betting sites have offered their services to New Zealand since the early 2000s and have become the most trusted source for many gamblers. While they are legal outside of the country, New Zealand itself has not authorized the use of these sites. However, the government has yet to forbid offshore gaming sites successfully.

Online, you will find numerous casino games that offer real money payouts, including blackjack gambling, roulette, slots, video poker, and more. In addition to a more extensive selection of games, online casinos also offer digital currency banking options, player-specific bonus options, progressive jackpot slots, and sometimes live dealer games.

Are Offshore Betting Sites Safe?

Licensed offshore betting sites are generally safe if a trusted gaming agency regulates them. Offshore regulators are often government agencies tasked with taxing and enforcing regulations to assure players are secure and that the games are fair.

To ensure that online casino sites are legit, check for licensing and compliance records that indicate they operate with oversight. Our online reviews will help you discover our recommended sites for 2024.

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MGM Resorts CEO Confirms Abu Dhabi License Pursuit

Published

3 weeks ago

September 23, 2024

Offshorebettingsites.net

MGM resorts logo MGM Resorts CEO Bill Hornbuckle has confirmed that the Vegas-based company is seeking a casino license in Abu Dhabi.

At a recent Skift Global Forum, Hornbuckle stated, “Yes, we have applied. We’ve done it in Abu Dhabi,” before expressing optimism about obtaining the license. Hornbuckle then explained that the federal government would have the final say, as each emirate would cast a vote to grant or deny casino operations.

MGM owns and operates 31 properties globally, including resorts in the USA, China, and Macau. They are also building a non-gaming resort in Dubai featuring three hotel towers and over 1,500 rooms. The resort is reported to mirror their properties in Vegas, such as the MGM Grand and the Bellagio.

MGM also confirmed a Dubai Sphere at the Global Forum, which will rival the new Las Vegas Sphere, which has already gained global recognition in its short existence.

After a 2006 non-gaming project failed to materialize, the company veered away from Abu Dhabi. Hornbuckle now says that MGM will not venture into Abu Dhabi without a casino license: “That’s the business MGM is in.”

Are Offshore Casinos Safe?

Yes, offshore casinos are generally safe, whether in person or online. In-person, each casino typically has a security team that ensures patrons are safe when coming to and from the casino. However, sometimes criminals outsmart security, and casinos are known locations for some sketchy characters.

With offshore online casinos, you must ensure the site you are playing is legit. The best way to determine if a site is safe and fair to play is to check online reviews, verify the site is licensed, and verify that the community trusts the jurisdiction. Some of the biggest names in the game, like MGM and Caesars, also have offshore licensing for their properties.

Is Gambling Legal In Abu Dhabi?

No, gambling, either in person or online, is illegal and punishable by up to 2 years in prison in Abu Dhabi. There are currently no casinos in operation, but MGM hopes to change that, having recently applied for a casino license.

The MGM is currently working on its most ambitious Dubai project, which will host numerous hotel towers, a sphere, dining, and shopping. However, there are no plans for a casino at the Dubai location. Those plans would likely change if the company is granted the casino license they recently applied for.

Are Online Casinos Legal In The U.S.?

In the United States, there are no federal gambling laws that make online casino gambling illegal. Individual states have the power to enact their rules, but many states have failed to pass legislation concerning online ventures. U.S. gambling states include all continental states, D.C., Hawaii, Alaska, and Puerto Rico to various degrees.

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Singapore Bans Crypto And Approves Cashless Casino Betting

Published

1 month ago

September 12, 2024

Offshorebettingsites.net

Bitcoin circle coin logo Singapore authorities have taken a step forward in fighting money laundering schemes by banning cryptocurrencies at in-person or online casinos.

Money laundering has long been associated with offshore casino gambling, but only recently has it been linked to crypto schemes. Singapore has banned digital assets such as Bitcoin, Ethereum, Litecoin, and other cryptos from being accepted at their licensed casinos to add legitimacy to their online and in-person gambling services.

Betting with Bitcoin has grown in popularity over the last several years due to its convenience and fast processing times. Many players today seek online casinos that accept crypto for the bigger bonus rewards, instant transfers, and the additional security it provides by bypassing traditional banking methods.

Minister of State Sun Xueling told media sources that the changes were made to modernize the gambling industry. Xueling also stated that “The Gambling Regulatory Authority has no intention of allowing cryptocurrency to be used as chips for casino gambling as this presents money laundering risks.”

Can I Bet Online With Cryptocurrency?

Many trusted offshore betting sites will accept cryptocurrency, and several countries have even included digital assets in their in-person game rooms. For most players, crypto is a way to bypass currency exchange services and a faster way to fund an account or withdraw winnings.

For most online casinos that deal in the US dollar (USD), digital assets such as Bitcoin, Ethereum, Litecoin, and various altcoins are all converted to USD and added to the account holder’s bankroll. Players who deposit in crypto can also elect to receive their winnings in crypto.

Crypto Gambling Websites That Don’t Require ID

Be wary of casinos and sportsbooks that don’t require ID, these sites are often not licensed or regulated. Offshore betting sites such as Bovada and BetOnline allow players to sign up and bet without providing ID but require identification before withdrawing their winnings. Identification upon withdrawal is a normal process and is how most online casinos operate.

You should always read a site’s terms and conditions before signing up to avoid confusion. Most online gambling sites will accept anyone over the age of eighteen who hasn’t previously excluded themselves. Self-exclusion is another process many legitimate sites utilize for those players battling an addiction.