Category Archives: sports betting

sports betting

Kambi Group plc: LeoVegas selects Kambi Sportsbook

Kambi’s service

encompasses a broad offering from front end through to odds compiling

and risk management.

The company’s current coverage includes more than 120,000 live betting

events and 250,000 pre-match events per year, covering 65 different

sports from all over the world. Kambi Group plc (STO:KAMBI) is pleased to announce that it has signed an

agreement to deliver its fully managed Sportsbook solution to mobile

gaming operator LeoVegas. We look

forward to supporting LeoVegas in delivering on its ambition to create a

game changing mobile sports betting experience.”

“LeoVegas mobile gaming group´s success to date has been based on a

passion for the greatest gaming experience, innovation and a genuine

mobile first focus. At LeoVegas, we would never compromise on

the customer experience and in sports we believe no one has yet taken

the mobile leadership position.

About LeoVegas Mobile Gaming Group

This information was brought to you by Cision http://news.cision.com

Kristian Nylén, CEO of Kambi Group plc, commented:

STOCKHOLM–(BUSINESS WIRE)–Regulatory News:

Kambi Group plc is a B2B supplier of fully managed sports betting

services on an in-house developed software platform, providing premium

turnkey sports betting solutions to B2C operators. Our mutual interest in driving innovation in mobile

sports betting forms a powerful foundation for this partnership. Kambi Group plc is listed on First North at Nasdaq

Stockholm under the symbol “KAMBI”.

We are excited by this partnership and look forward to delivering a game

changing mobile sports betting experience.”

About Kambi

. More at www.LeoVegas.com

Disclaimer: The information in this report/press release is such that

Kambi Group plc is required to disclose under the Swedish Securities

Market Act.

“LeoVegas is a very exciting and fast growing brand in mobile gaming. The Company’s Certified Advisor is

Redeye AB.

Following an extensive selection process, we are thrilled to be

partnering with Kambi whom we identified as the partner that can match

our high ambition and provide enabling technology and capability for us

to innovate and drive the sports betting experience in the mobile era. The agreement will see Kambi’s sportsbook

tightly integrated into LeoVegas’ proprietary platform enabling its

players to move seamlessly between casino and sport. The Mobile Gaming Group

LeoVegas holds a leading market position in mobile casino

gaming. LeoVegas is characterised by award winning innovation and strong

growth. Kambi utilises a best of breed security

approach, with guiding principles from ISO 27001. In addition, the

agreement with Kambi will further enable LeoVegas to expand into

international markets.

Gustaf Hagman, Group CEO and Co-founder of LeoVegas, said:

LeoVegas´ vision is to create the greatest gaming experience and be

number one in mobile gaming entertainment. Kambi’s customers include Unibet, 888,

Paf, 32Red and Napoleon Games. LeoVegas has been internationally recognised and has won

several awards, including “Slot operator of the year 2015″, “Marketing

Campaign of the year” and “Innovation in Mobile and Tablet” at EGR

Awards. The operations of LeoVegas are based in Malta while the

technology development is in Sweden. Kambi Sports Solutions

is eCOGRA certified. Kambi employs approximately 433 staff across

offices in Malta (head office), Bucharest, London, Stockholm and Manila. The ultimate parent company

LeoVegas AB (publ) invests in companies operating in gaming on mobile

and other online devices, as well as companies developing related

technology. We

are excited to work with LeoVegas as our services will complement their

existing casino offering with a premium sports betting service that will

accelerate growth

Syracuse fan could net $100,000 with big March Madness bet

10 seed to advance to the Final Four in more than 30 years. And the team won its first four games, making it the first No. That means those three fans will split $35,035 if Syracuse wins. A total of $9.2 billion is expected wagered on NCAA brackets this year, according to the American Gaming Association. The NCAA Men’s Basketball Tournament is one of the most popular betting events in the U.S.

Jay Kornegay, head of the sports book at Westgate, said he doesn’t recall ever having a 1,000 to 1 bet pay off. And he doesn’t seem worried about having to pay this one off, pointing out that Syracuse has “two very tough games ahead of them.”

There are three other bets on Syracuse at the same 1,000-to-1 odds, but together they only total $35.

Terms & Conditions apply

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But Syracuse did get a last-minute invite to March Madness.

Nevada in the only state where sports betting is legal. 28, 2016 by Chris Isidore   @CNNMoney March 28, 2016: 4:51 PM ET

One gambler at the Westgate SuperBook placed a $100 bet on Syracuse back on Jan. At the time it wasn’t even certain Syracuse would be invited to play in the tournament, so placing the bet took an awful lot of faith.

That’s more than consumers spend on Mega Millions and Powerball tickets combined in an entire year.

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CNNMoney (New York) First published March 28, 2016: 4:51 PM ET

Syracuse fan could net $100,000 with big March Madness bet – Mar. 13, when the Las Vegas casino offered 1,000-to-1 odds against the Orange winning the tournament.

Here’s how much we spend on NCAA brackets this year

If Syracuse continues its string of upsets and wins the championship, that bettor in Vegas will take home $100,100

Supreme Court rebuffs New Jersey’s effort on sports betting

Chris Christie and it argued that the state was trying to limit illegal sports wagering and capture some of that money for the state treasury. Nevada has allowed betting on sports for more than 60 years, and Delaware, Montana and Oregon have at times permitted more limited betting. New Jersey missed a deadline in the law that would have allowed sports betting in Atlantic City.

Bookmakers and organized crime members have long profited in the high-stakes world of illegal sports gambling. Circuit Court of Appeals in Philadelphia.

But those actions ran up against the 1992 Professional and Amateur Sports Protection Act, enacted by Congress to restrict betting on sports to a few states. Bets wouldn’t have been taken on games involving New Jersey colleges or college games played in the state.

“Because the guy that has no money in his pocket … The Associated Press contributed to this report.

The justices did not comment in letting stand lower court rulings that struck down New Jersey’s sports betting law because it conflicts with a federal law that that allows state-sanctioned sports gambling only in Nevada and three other states.

Voters in New Jersey overwhelmingly amended the state constitution in 2011 to allow sports wagering. is still going to call the local bookmaker to bet” because it requires no money, he said. New Jersey says an estimated $500 billion is bet illegally on sporting events each year.

A trial judge ruled against the state and his ruling was upheld by a divided panel of the 3rd U.S.

Angelo Lutz, a legitimate businessman and restaurateur, told Ford that gambling will always be driven by the customer.

The state’s appeal was led by Gov. State lawmakers soon enacted a law to allow for betting at tracks and in casinos. But as CBS News’ legal analyst Jack Ford reported on “60 Minutes Sports” in March, even if the Supreme Court had ruled in favor of New Jersey, the ruling would hardly put the mob out of business.

WASHINGTON — The Supreme Court on Monday left in place a ban on sports gambling in New Jersey, rebuffing an attempt to bring betting on professional and college sporting events to Atlantic City casinos and the state’s racetracks.

The appeals court said it was not judging the wisdom or desirability of allowing sports wagering.

The National Collegiate Athletic Association, the major professional leagues in baseball, basketball, football and hockey sued to block the New Jersey law from taking effect, saying the betting law would harm the integrity of their games. The dissenting judge said Congress exceeded its authority when it passed the federal sports betting law.

© 2014 CBS Interactive Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Obama administration also joined in the legal fight, opposing New Jersey.

“New Jersey’s sports wagering law conflicts with PASPA and, under our Constitution, must yield,” the court said.