Monthly Archives: February 2019

Tennessee in Wednesday hoops odds spotlight

Entering this week, perhaps the most interesting race in a Power 5 conference is from the SEC, where LSU, Tennessee and Kentucky are each tied for first at 12-2. The Tigers have beaten both the Volunteers and Wildcats in their lone meetings of the regular season and thus would win any tiebreaker.

Odds courtesy of OddsShark.com

Tennessee slipped from No. 5 to No. 7 in the new AP poll on Monday after losing 82-80 in overtime at LSU last Saturday to lose sole possession of first. The Vols visit a good Ole Miss team on Wednesday night, with the Rebels looking to finish fourth in the conference and earn that last double-bye for the SEC Tournament.

It’s the only scheduled meeting between the schools, and UT has to avoid looking past Ole Miss (2-2 against ranked teams this season) and to this Saturday’s showdown against Kentucky. Tennessee is 6-2 ATS in its past eight against Ole Miss and is favored by 4.5 points.

PGA Tour open to gambling tie-ups; BetEasy inks NBA deal

Professional golf has rethought its no-gambling sponsorship stance, while the NBA has inked a down-under deal with The Stars Group.

On Tuesday, the PGA Tour announced that it had “revised” its sponsorship regulations to permit tie-ups with “gambling entities.” The Tour said gambling firms are now eligible to become Official Marketing Partners (OMP) for all six tours it oversees, and individual tournaments and players can pursue their own gambling deals, effective immediately.

However, while “larger casino companies” and daily fantasy sports (DFS) operators are welcome to pursue OMP deals, the same can’t be said for companies doing business in the US whose “primary purpose” is sports betting.

The Tour specifically cited “pure sportsbooks or bookmakers such as William Hill or Bet365” as examples of ineligible companies, although it noted that these types of operators can still pursue golf deals outside the US market.

Chattanooga Football Club Surpasses $500,000 Mark In First 30 Days of Public Offering

Chattanooga Football Club, a growing, disruptive and innovative established club in the National Premier Soccer League (NPSL) today announced that they have exceeded the $500,000 dollar mark in the sale of limited public stock in the club in the first 30 days of the offering. They are the first American sports team to do so since the securities reform laws passed in late 2016 allowed such investments. Proceeds from the limited offering of 8,000 shares will support the club’s move from amateur to professional players and year-round operation.

“We remain impressed and overwhelmed with the breadth and scope of this project means not just for Chattanooga FC, but for community sports clubs in America in general,” said said Tim Kelly, club chairman. “We have not done this frivolously or in a vacuum; this is an investment in a soccer club with solid business and community ties and a vision for success on and off the pitch, and we know that is key in trying and succeeding to this point. The ROI on this investment, big or small, is in the people and the community. We are nowhere done, but we are proving the concept works, and that’s very exciting.”

While a majority of the investment is local (within the Chattanooga metro area), a significant amount (44% of the people, 37% of the dollars) are from beyond that area. That includes investment from over 44 states and 10 countries, as far away as Japan, Australia and Africa.  Some of the bolder face names to come public with investing are former MLS star and current NBC Sports Premier League commentator Kyle Martino and Stephan Szymanski, author of Soccernomics and Money in Soccer, and a highly respected professor at the University of Michigan.

Founded in 2009, Chattanooga Football Club has drawn nearly 350,000 fans to its games at Finley Stadium over the course of the last ten seasons. In 2019, the club will play an extended season with professional players in the NPSL Founders Cup, and fully launch the league in 2020.

With the passage of the Jobs Acts in late 2016, Section CF crowdfunding allows non-accredited investors to make investments in corporations from a simple, online platform. Chattanooga Football Club is the first sports team to offer shares, and one of only a handful of teams to ever offer public ownership. While the practice is common in the rest of the world- even mandatory in the German Bundesliga- it is rare in the US. Cutting Edge Capital, a strategic capital consulting company has advised on the process.

Fans and interested investors can go to wefunder.com/chattanoogafc for full details on the stock offering.

Paul Phua beats illegal sports betting charges in Macau

Malaysian online poker and betting whale Wei Seng ‘Paul’ Phua has reportedly beaten the illegal sports betting charges filed against him in Macau nearly five years ago.

In June 2014, Phua was one of nearly two dozen individuals arrested at the Wynn Macau casino hotel for what local authorities claimed at the time was the largest illegal sportsbook ever disrupted in the Chinese special administrative region.

Two weeks ago, Phua’s long-delayed trial on those illegal gambling charges got underway at Macau’s Court of First Instance. According to attorney Tom Goldstein, who helped defend Phua on similar charges in the US in 2014 and served as a defense expert in the Macau trial, Phua and 14 co-defendants have been acquitted of the charges filed against them.

Goldstein said defense witnesses had testified that Phua didn’t arrive in Macau until moments before the local Judiciary Police (PJ) pounced on the alleged betting ring. Furthermore, the PJ were unable to provide any evidence linking Phua’s phone or computer records with illegal betting activity.

Colombia welcomes 17th online gambling licensee Betjuego.co

Colombia’s regulated online gambling market hit new heights in 2018 and the recent awarding of the market’s 17th online license are boosting expectations for further growth in the year ahead.

On Monday, Colombian gambling regulatory body Coljuegos announced the issuing of its 17th online gambling license to the Bogota-based Games and Betting S.A.S., which plans to offer sports betting and casino products from its Betjuego.co domain (which has yet to officially launch) for the duration of its three-year permit.

Colombia issued its first online gambling license in July 2017, after the country became the first South American jurisdiction to approve online gambling legislation the previous October. Of the 17 current online licensees, 10 received their official permits in 2018.

Coljuegos president Juan B. Pérez Hidalgo recently celebrated the regulated market’s growth over its first 19 months of existence. The official figures for 2018 show the regulator’s take from online taxes and fees hitting COP37.9b (US$12.26m) in 2018, more than seven times the COP5.3b Coljuegos collected in the second half of 2017. The sum represents 6.6% of Coljuegos’ total collection from gambling rights last year.

EveryMatrix appoints Rafael Campuzano as Chief Technology Officer

Tuesday, February 26th, 2019, Malta

EveryMatrix is delighted to announce the appointment of Rafael Campuzano as its new Chief Technology Officer. Former Bit8 CTO moves to EveryMatrix to strengthen its technical operations and manage very fast-growing casino volumes. Rafael will lead the company’s technology strategy and operations from the Bucharest office.

With over 19 years of experience in this business, Rafael Campuzano has an extensive technical expertise. After working in several reputable telecom and software companies, Rafael joined the iGaming industry in 2016, as Bit8’s Head of Software and later on as CTO.

Ebbe Groes, CEO of EveryMatrix commented: “Rafael is an authentic tech passionate and we are positive that his hands-on approach will generate many valuable insights and exciting new ideas. We are thrilled to have Rafael joining our team, and we are sure his talent and comprehensive knowledge will greatly contribute to our expansion. He will oversee managing the continued very fast growth of transactions while bringing performance to even higher levels than today!”

Kiron Interactive and Highlight Games launch SOCCERBET in Italy

Virtual Football game launched in partnership with Eurobet

Italy, February 2019 – Specialist virtual games provider Kiron Interactive has, in partnership with Highlight Games, launched Highlight’s unique virtual video football game ‘SOCCERBET’™ with leading operator Eurobet.

The new product has been made available to the operator in both a league and single match format and it has been rolled out to its 850 Eurobet retail venues across Italy via Kiron’s ADM certified platform.

The Italian version of SOCCERBET™ has been developed in an exclusive partnership with Highlight games and features archive footage from Serie A. The product has been approved by the Italian supervisory authority Agenzia della Dogande e dei Monopoli.