UK Players Banned from Betting on Open Championship Golf

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 world’s most useful golfers are up in arms this week at the Open Championship in the UK, where they have been asked to sign a waiver to declare that they’ll maybe not place bets on the result of the championship. Betting is something of the tradition for many players at the Open, because, of course, sports betting is totally legal and readily obtainable in Britain. At the 1971 Open, Lee Travino famously bet £100 ($171) him to almost triple his prize money when he blew away the field on himself at 14-1, which helped.

However, for the time that is first the Open, the R&A, the regulating body of this game outside the US, has officially warned players that such behavior is now off-limits, even though so it claims the rules have been in destination since 2011. It was news to some. One player, who wished to remain nameless, told ESPN he was handed the waiver, while his caddy expressed his delight that the ban did not extend to caddies that he was ‘shocked’ when.

We sense way around the rules with that one.

’30 Dudes in Violation’

Pro golfer Graeme McDowell gave a far more measured and professional response, however, stating: ‘It’s really no various than just what we already have on the European Tour and PGA Tour, therefore it doesn’t change any such thing.

‘Honestly 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 one player that is anonymous unveiled to ESPN: ‘There’s probably … at minimum 30 guys in violation [of the no-bet waiver] already,’ the source revealed, ‘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 in the upshot of an occasion in which they’re participating. The English Football Association (FA) recently announced that, from the season that is forthcoming all professional players in English football would be banned from wagering, not just on competitions in which their group is included, as was previously the situation, but from all soccer matches anywhere in the globe. The brand new hard-line FA rules could well be the catalyst that has prompted the R&A to clamp down on its players.

Keeping Sport Clean

R&A CEO Peter Dawson said: ‘I can say that this whole business of keeping sport clean in terms of wagering is very high regarding the IOC’s agenda at the moment, plus one that individuals’re following very closely because 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 must be vigilant.’

Meanwhile, those of us whom are not pro golfers, and who inhabit nations where such practices are appropriate, we are absolve to wager on the outcome of the Open Championship to our heart’s content. And perhaps not just the result; most UK bookmakers are offering odds on anything from whether a player will produce a cut to how many bunkers he could hit.

In terms of an outright champion, Rory McIlroy is favorite ( during the time of the writing), at 5-1, in which he would appear to be a solid choice if he are able to keep their composure at the start, although an excellent outside bet could be Justin Rose at 16-1. He’s been on a tear, having just won two tournaments on the bounce.

GTECH $4.7B IGT Acquisition to generate Gaming Superpower

GTECH’s $4.7 billion purchase of IGT will gain both organizations and permit for many 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 end-to-end gaming company.

The 2 giants will combine to make a new holding business based in the UK, with corporate headquarters in London and operating head office in Las Vegas, Providence, Rhode Island and Rome. It will, nevertheless, be noted on this new York Stock market. 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 earth, possessing 63 % of this global lottery market. It runs 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, could be the globe’s largest manufacturer of gaming equipment, creating roughly 50 % of all gaming machines in the United States. It offers workplaces in 11 countries, but has recently reported a decline in earnings and in March announced it would be forced to lay down seven % of its international workforce in order to save expenses.

Contract ‘Defines the long term of Gaming Entertainment’

The two companies state that the deal enables them to capitalize on opportunities across global gaming market and that the new group would be expected to enjoy revenues of over $6 billion with more than $2 billion in profits.

‘We are extremely pleased to reach a definitive merger agreement with GTECH as a consequence of our research of strategic alternatives to maximize shareholder value,’ said IGT CEO Patti Hart. ‘ This outstanding combination of two global leaders truly defines the future of gaming activity. Together we are uniquely positioned to deliver the industry’s broadest and most portfolio that is innovative of items, solutions and services.’

For GTECH, the acquisition represents its arrival on the scene as a major player that is global the casino industry and will also allow it to build on its presence in the US video gaming market where it already operates lotteries. GTECH is dealing with far slower growth at home in the Italian market; in accordance with Reuters, total net spending for video gaming in Italy fell 6.6 percent a year ago, while it rose 6.7 percent in the usa.

UK Business Tax Breaks

Relocation to the UK, meanwhile, offers a slightly more favorable taxation regime. Based on The Wall Street Journal, the two organizations currently have a taxation rate in the high 30 percent range which would fall towards the mid-30s in the UK. The report notes that this is section of a trend where a company that is large usually American, will acquire an overseas company in order to develop 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 items and customers, the combined company will enjoy positions that are leading all portions of the gaming landscape. It will increase our global scale sufficient reason for a complete suite of offerings and robust customer relationships across the client spectrum, the brand new business could have unparalleled capabilities to deal with the ongoing convergence across worldwide 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 consumers. The transaction will significantly enhance our cash flow and monetary strength, and supply clear and achievable expense and revenue synergies,’ Sala included.

MGM Expected 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 is making some splashes that are big the East Coast, including gaining a permit to create in Springfield, Massachusetts. Now, with one final approval from local regulators, MGM could see another complex built just 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 place, which has gotten numerous approvals from local and county officials, is expected to be opened in July 2016.

Casino License Currently Approved

This approval that is final come just months after MGM received the last of six casino gambling licenses made available from their state of Maryland. Groundbreaking regarding the casino could happen as early as come early july, and the company has lightning link slot machine already started preliminary focus on the website in anticipation of a approval process that is smooth.

The relatively easy process that is regulatory been aided by the fact that hardly any opposition has emerged to the project. Pretty much everybody included is on board with the casino, which can be likely to bring significant financial benefits to both Maryland and Prince George’s County.

Where there are disagreements, they happen primarily according to the design associated with casino, because well as just what the community will get from the revenues it generates. Concerns were raised concerning 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 in the I-295 highway. But the planning that is local approved them, agreeing that they had been a significant part of the business enterprise and also the casino aesthetic.

That issue could be the one hurdle MGM might have to clear at the County Council meeting, as many locals have actually complained about the size and scope of the signs, a number of which are as big as 60 feet high and 100 foot wide.

‘This is not Las Vegas,’ said William Cavitt, president of the Indian Head Highway Area Action Council. ‘It just isn’t Atlantic City. It is not any other location where MGM is situated.’

Latest Development at National Harbor

The proposal would place a major casino resort just moments from Washington. MGM plans to build a one million facility that is square-foot one that could consist of about 3,600 slots and 140 table games. There would be a 300-room hotel tower, high-end restaurants and retail locations, and a concert theater.

As soon as approved by the County Council, MGM would then have the ability 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 actually been ongoing ever since. The region, which covers not as much as two miles that are square already includes a convention center and six hotels, along with numerous restaurants and shops. The Walt Disney Company has planned to construct its hotel that is own resort National Harbor, but backed out of the idea in 2011.

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