NFL Gambling Policy Clear, but Misunderstood by Public

Critics have called the NFL the ‘No Fun League,’ however the organization’s policy on gambling is not as restrictive to players as folks are led to trust.

The NFL policy on gambling allows players to gamble in casinos, but never to make use of their names for promotional appearances like this arm competition that is wrestling the MGM in Las Vegas.

The assumption is that the competitor can not enjoy a session wagering on craps, blackjack, craps, roulette, video slot and poker machines. As long they can enjoy that activity like any other citizen as they are on their own time. They are also allowed to place money straight down on a horse or dog competition. Sports betting, however, continues to be off limits.

The problem arises when a relationship is had by the professional with those facilities and exploits his celebrity. The argument from their website is that it is their own time and they must be allowed to do what they want, but the NFL has made the difference very clear in several cases and vigorously enforces the regulation.

Promoting Players Prohibited

The league forbids players using their name to publicize any form of association having a casino. The concern is the fact that it blurs the relative line between recreations betting and football.

The recent look by more than 30 of these at a ‘Pro Football supply Wrestling Championship’ at the MGM Grand over the weekend was in breach of the NFL’s guidelines.

The event was co-hosted by Pittsburgh Steelers linebacker James Harrison and previous running back Marshawn Lynch, and will be televised on CBS on May 27 28.

Because the competition ended up being staged at the resort with ads touting the contest, they shall face fines for showing up and participating.

Others have already been disciplined within the past as well. In 2015, Former quarterback, Tony Romo had been asked by soccer officials to cancel a speech at a Fantasy Sports Expo in nevada even though it wasn’t held in a resort. The same year three users of the Miami Dolphins, Jason Fox, A.J. Francis and Jordan Cameron, were banned from playing in a charity poker game in advertising materials because it had them.

Raiders Move Complicates Issue

Many thought the Oakland Raiders moving to Las vegas, nevada was an endorsement of gambling, but one other owners did not see it as problem for its employees.

During the owners meeting month that is last Phoenix, they voted 31-1 for relocation and Dallas Cowboys owner Jerry Jones said it had beenn’t a problem.

‘Las Las Vegas has developed into arguably a grouped household location,’ Jones stated. ‘It has. That isn’t your father’s Las Vegas. They are a community that is great has tremendous prospects money for hard times. We are very comfortable because of really our precedent general to being in other cities that have gambling nearby.’

In fact The American Gaming Association last year pointed away that 80 percent of teams currently play their property games within an hour’s drive of a casino.

Maine Bill to Legalize Tribal Gaming Receives Hearing But Disillusioned Tribes are a No-Show

A bill that could authorize tribal casino video gaming in Maine ended up being scrutinized at a hearing regarding the state legislature’s Veterans and Legal Affairs Committee on Monday, using its main sponsor, Representative Benjamin Collings (D-Portland), arguing that the tribes deserved a chance to create financial prosperity on their own.

The Hollywood Casino Hotel and Raceway, one of Maine’s two casinos, has voiced its opposition to Indian gaming in the state. (Image: Penn Nationwide Gaming)

Maine has, in the past been, accused of pursuing policies that force hawaii’s recognized tribes right into a cycle of dependence instead than fostering economic self-sufficiency.

‘ For years the tribes have carried the burden of bringing gaming to the continuing state and they’ve come close and haven’t got it,’ argued Collings. ‘ And right now away from state corporations have advertised a monopoly here in the state and I also’m glad for the jobs they provide but there’s room on the market for tribal gaming.’

Maine currently has two casinos, Oxford Casino and the Hollywood Casino Hotel & Raceway Bangor, as the Passamaquoddy tribe operates a high-stakes bingo parlor in Indian Township.

Commercial Opposition

This bill would authorize the Department of Public Safety, Gambling Control Board to accept applications for casino licenses from the states four recognized tribes,which comprise five tribal communities: the Micmac, Maliseet, Passamaquoddy and Penobscot.

These licenses would let the operation of dining table games and up to 1,500 slot machines at numerous facilities. It would also exempt the tribes from the state legislation that no casino are built within 100 miles of a casino that is existing slot machine facility. Twenty-five % of net slot machine revenue and 16 percent of net table game income go the state basic investment.

Chris Jackson, associated with the Hollywood Casino in Bangor, had not been happy. ‘Any expansion of gambling would erode our ability to operate,’ he stated.

Fatigued by Failures

When lawmakers questioned why no representatives regarding the tribes had been current at the meeting, these people were told that they had been ‘fatigued by past failures.’

Following a comparable legislative push in 2005, the tribes stated they felt excluded from the process by state legislators who altered their original proposal in committee before rejecting it.

‘They were not willing to come right here and be part of the procedure,’ Collings said. ‘Right now at least four of the five communities that are tribal in a delay and see approach.

‘They’re watching this they’re seeing if anything comes about and if it does they may be much more engaged. As you know they are here they’ve put lot of time and resources so they’ve gone to this dance more than once.’

Ukraine Must Legalize Gambling to Help Justify $17.5 billion IMF Assistance Package

Ukraine has guaranteed the International Monetary Fund (IMF) that it’s ready to legalize gambling next year and, moreover, prepared to capitalize on the ensuing economic benefits.

The move comes as part of a series of economic reforms designed to convince the IMF that the nation is worthy of a $17.5 billion economic assistance package.

Ukrainian Prime Minister Volodymyr Groysman believes that Ukraine is on the up, however it still has to persuade the IMF, and it can begin by legalizing gambling. (Image: Politico Europe)

Ukraine received the very first $1 billion installment of the package this week, but following a summary of their state for the nation’s economy, the IMF emphasized it should ‘break with the legacy of weak governance and stop-and-go reforms’ to be able to generate growth that is sustainable.

Ukraine is beset by economic, armed forces and political problems over yesteryear two decades, not least in 2014 when a revolution toppled the President that is pro-Russian Viktor, precipitating the Russian annexation of Crimea.

2015 Bill Failed

‘ The economic and social costs of the crisis have actually been high,’ said the IMF objective chief for Ukraine, Ron van Rooden. ‘The government has undertaken important reforms under extremely difficult circumstances, however it has to do far more to recover the lost ground, to bring incomes closer to those in the neighboring states, to improve social conditions, and to create a contemporary market economy.’

The economy is showing slow progress since the recession of 2014-15 and Prime Minister Volodymyr Groysman has said the country will begin to witness the advantage of reforms over the next 12 months. Even though it most likely does not bode well that the chief of the Ukrainian Central Bank, Valeria Gontareva, resigned on Monday, claiming her ‘job was done.’

The nation introduced a draft gambling bill in 2015 that would have opened up the market to casinos that are land-based recreations wagering and online gambling, within the hope that reforms would generate $1.5 billion per year for the economy.

But protests from operators at unrealistically licensing that is high and taxes effectively killed the legislation down. Ukraine has choice that is little to do it right in 2010 and to do so quickly.

Meanwhile, in Crimea…

Over the border, plans are afoot to begin work on changing the Crimea that is annexed into’s latest ‘gambling zone,’ which hopes to draw international tourists to future gambling enterprises built round the port city of Yalta.

The zone that is new according to Crimean Prime Minister Sergey Aksyonov, was created to skirt the international economic sanctions imposed on Russia after it seized control of the territory.

‘There are certain arrangements that may have the ability [for investors] to bypass the sanctions,’ Aksyonov told the TASS news service this week. ‘we will keep quiet about such secrets for the present time. No one shall agree to invest in this project if there were doubts this plan might not work.’

Connecticut Casino Outlook Grim, as Neighboring Competition Continues to Hurt State’s Two Resorts

Connecticut casinos have endured nine consecutive years in the red in terms of year-over-year performance, along with continued gaming expansion in neighboring states, it doesn’t appear likely that the undesired streak will arrive at an end anytime soon.

Though revenues have stabilized since the Great Recession at Connecticut casinos, their state’s two gaming operators posted their ninth yearly gaming decline in a row in 2015. (Image: Mark Peterson/New York Times)

A virginia-based financial consulting firm, principal economist Dr. Alan Meister, using the most recent data from 2015, says Connecticut casinos are operating 36 percent lower in terms of gaming revenue compared to their peak in 2006 in a new market study compiled by Nathan Associates.

In 2015, Foxwoods and Mohegan Sun lost one percent compared to the prior year. The slight decline marked the ninth consecutive performance that is negative. Initially driven by the Great Recession that began in late 2007, gaming expansion in neighboring states is now being credited for the 2 resorts’ hardships.

‘You’ve got this saturation of video gaming in that region,’ Meister toldThe Wall Street Journal. ‘These are typically fighting with regards to their market share.’

More Fighting Ahead

The Mashantucket Pequot and Mohegan tribes are under hazard within their house state from the continued saturation of gambling enterprises in nearby states like Rhode Island, Pennsylvania, New York, and Massachusetts.

The indigenous American groups are currently trying to receive final approval from the Connecticut Legislature to jointly create a satellite casino in East Windsor. The proposed location is merely 13 kilometers south of MGM’s $950 million mega resort in Springfield, Massachusetts.

Combined with the tribes, lawmakers in Connecticut are justly concerned with gaming revenues fleeing over the border that is northern Springfield once MGM’s place opens in 2018. That could further dampen Connecticut casinos’ currently troubled fiscal situation.

‘When Rhode Island launched its industry, we did nothing. When New York got into the game, we did absolutely nothing. Offering a choice now, continue to do nothing, or battle,’ Andrew Doba, a spokesman for the tribes declared recently.

The state’s General Assembly must first approve the non-reservation property location before the tribes can begin work on building the satellite casino. The tribal communities recently fully guaranteed that the current 25 percent share of the slot machine revenue at Foxwoods and Mohegan Sun would continue being delivered to Hartford no matter what the satellite facility result.

Indian Gaming Wins Elsewhere

While Meister’s findings paint a picture that is ugly Connecticut’s gaming environment, elsewhere within the United States tribal teams are faring far better.

Meister claims Indian gaming experienced growth that is strong 2015, with revenues across the nation at reservation gambling enterprises surging 5.5 percent compared to 2014. It marks the fifth right year Native American gambling income has increased, a stark contrast to Connecticut.

Indian gaming outpaced the usa gross product that is domesticGDP), which grew 2.5 percent in 2015. It also beat commercial gaming’s performance of 1.6 per cent.

Meister says the contribution that is total of gaming in 2015 to the US economy totaled about $103 billion, employed 770,000, distributed $35.5 billion in wages, and generated $10.5 billion in federal, state, and local fees.

There might be more where that came from. ‘As the economy continues to enhance, it will likely lead to growth that is improved of gaming,’ Meister concluded.