WHY IS GAMBLING ILLEGAL?
Supreme Court's overruling of 1992 gambling legislation essentially makes sports betting widely legal throughout the country.
One of the new players in the sports gambling space is SinglePoint, Inc.
OTC: SINGa tech company focused on innovation that has invested in gambling app.
In the world of big gambling, casino companies such as Caesars Entertainment Corp.
NASDAQ: are exploring ways to add sports gambling to their existing entertainment rosters.
M GM Resorts International NYSE: already provides sports gaming alongside traditional betting options.
Following suit, Penn National GamingInc.
NASDAQ: has started offering https://bannerven.com/gambling/gambling-forum-pie-and-bovril.html betting at some of its casinos, as has Boyd Gaming Corp.
NYSE:which is also entering the online gambling space.
To view an infographic of this editorial.
The Race to Benefit from Sports Betting From soccer in Europe to cricket in India, people enjoy betting on the outcome of sports competitions.
In the United States, this type of betting has been extremely limited since the early 1990s.
Legislation designed to protect people from the harmful effects of gambling effectively made betting on sports illegal across the country, with limited exceptions in a handful of states.
The recent overturning of this law has suddenly created a new market.
Because that market hasn't existed for the past 25 years, the renewed interest has revealed an infrastructural void in the American gaming industry.
Technological innovations have not been applied to sports gambling, so companies gambling us now playing catch up.
The results will shape an industry estimated to be worth billions of dollars every year.
The Death and Life of U.
Sports Gambling This year is seeing a number of gambling companies expand https://bannerven.com/gambling/sun-gambling.html operations to include sports betting while tech companies such as SING are looking at what they can do to fill a commercial void.
But how did think, indian gambling casinos connecticut not gap in the gambling market come about in the first place?
The Professional and Amateur Sports Protection Act PASPA was passed by the U.
It effectively outlawed betting on sports across the United States, with limited exceptions, including specific forms of racing; sports lotteries in Delaware, Montana and Oregon; and licensed pools in Nevada.
The law quickly became an unpopular one.
By 2017, a reportedly wanted to see sports betting legalized so they could join in a pastime enjoyed by millions around the world.
Several attempts were made to overturn the law, eventually resulting in a legal case being heard before the Supreme Court.
In May, the court overturned PASPA, declaring that the law violated the 10 th Constitutional Amendment.
The sports betting market was already growing around the world.
And now, America is expected to become a significant growth area.
That's a lot of money.
So how does a company such as SinglePoint go about getting a piece of the acton?
Gambling on Technology The key to this market, like so many others, lies in online interactions and mobile technology in particular.
By bringing gambling first into customers' homes and then into their pockets, tech-savvy gambling companies have vastly increased the opportunity to make small, casual bets.
One of the products that has sprung from this is StakeHaul.
A mobile gambling platform, StakeHaul allows users to bet on anything.
Whether it's a traditional test of machismo such gambling us who can do the most pull-ups, a motivational bet on who will complete a chore first, or even a gamble on the outcome of world events, StakeHaul can make it happen.
And with sports betting now apparently legal in the United States, StakeHaul gambling us include that too.
StakeHaul makes it easy to carry out the sort of casual bets traditionally placed in person.
The stakes need be nothing more gambling us the honor of knowing who won, although they can just as easily be financial.
The company is currently finalizing a peer-to-peer payment model that can pay out in either U.
With internet native currencies on the rise, it makes sense for an online gambling system to recognize those types of transactions.
With more than 70,000 downloads, StakeHaul is currently the top-ranked app for making bets with friends here and those numbers are steadily increasing.
Each month has seen a double-digit percentage rise in active users and gambling us placed through the platform.
With more than a third of Americans betting on at least one sports event every year, there are plenty of people looking to make the most of the newly loosened laws, and StakeHaul provides a way to do that.
Investing in the Future of Gambling It's not surprising then that tech company SinglePoint has made an investment in StakeHaul.
Originally a full-service mobile technology provider, SinglePoint has evolved into a company with an interest in a wide range of technologies.
The organization focuses on companies that have great potential and proven assets currently believed to be undervalued on the market.
By investing in such companies, SinglePoint has developed a diverse portfolio of up-and-coming tech companies.
Payment systems play a large part in SinglePoint's holdings.
The global payment market is changing, with finance increasingly transacted online or with smartphones.
It is also working to providethe leading global cryptocurrencies.
These are technologies that will fit well with the financial side of the company's investment in StakeHaul.
But it's not all about electronic payment.
SinglePoint has teamed up with New Sun Energies to provide.
With interests in blockchain, renewable energy and the sports betting market, the company has investments in several sectors that are due to see considerable growth over the next decade.
The Bigger Game Market History shows that gambling can lead to big wins for a business.
NASDAQ: started off as a single bingo parlor in 1930s Nevada.
Over the decades, it's become the most famous name in gaming, with 47 casinos in five countries.
Its buildings play host to conventions, meetings and hundreds of thousands of tourists.
The thrill of betting keeps the customers coming through the doors of those casinos and has helped to build up a legendary reputation as a place of decadence and entertainment, a reputation that also helps explain the success of over 600 bars, restaurants and clubs across the United States.
With its string of hotels and casinos, M GM Resorts International NYSE: has done a job similar to Caesars' in turning the pleasure of gambling into a multimillion-dollar entertainment empire.
Even before PASPA was struck down, MGM was profiting from sports betting as well as traditional gambling, thanks to the popularity of its venues.
Hosting events such as means not just ticket receipts but also a flood of fans using the hotels and their facilities.
Penn National GamingInc.
NASDAQ: might not have the glamor of the big names, but the company is still a very successful operator in the American gambling sector.
It has gaming, racing and video gaming terminals spread across 29 facilities in the United States and Canada, with a focus on slot machines.
The recent legal change is creating more options, and the company in West Virginia.
One of the largest gambling us companies in the United States, Boyd Gaming Corp.
NYSE: has 24 gaming apologise, gambling facts and figures book consider spread across seven states.
The gambling us runs 10 sports betting operations across Nevada and has recently opened sports books at two of its Mississippi properties.
It has also teamed up with FanDuel Group to engage in online betting and sports gaming opportunities across the country.
The overturning of PASPA is set to transform the American gambling industry.
Both online and in casinos, sports gambling is taking off in a big way.
Early adopter companies are set to benefit enormously from this change.
For more information about SinglePoint, please visit SING.
About NetworkNewsWire NetworkNewsWire NNW is a financial news and content distribution company that provides 1 access to a network of wire services via to reach all target markets, industries and demographics in the most effective manner possible, 2 article and editorial syndication to 5,000+ news outlets 3enhanced press release services to ensure maximum impact, 4 social media distribution via the Investor Brand Network IBN to nearly 2 million followers, 5 a full array of corporate communications solutions, and 6 a total news coverage solution with.
As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public.
By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness.
NNW is where news, content and information converge.
References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer.
FN Media Group FNM is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.
FNM is NOT affiliated with NNW or any company mentioned herein.
The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM.
Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers.
The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice.
The information provided in the Article and the content has been obtained from sources click at this page the Author believes to be reliable.
However, the Author click at this page not click here verified or otherwise investigated all such information.
None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information.
This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own here advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results gambling us differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.
NetworkNewsWire NNW is affiliated with the Investor Brand Network IBN.
About IBN Over the past 10+ years we have consistently introduced new network brands, each specifically designed to fulfil the unique needs of our growing client base and services.
Today, we continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.
Please feel free to visit the Investor Brand Network IBN.
Corporate Communications Contact: NetworkNewsWire NNW New York, New York 212-418-1217 Office Media Contact: FN Media Group, LLC +1- 954 345-0611 SOURCE NetworkNewsWire.
BEST ONLINE CASINOS for USA Players 2019
The U.S. Justice Department's decision to expand a federal prohibition on internet gambling will cast a pall on the industry as businesses and ...
This brilliant phrase is necessary just by the way
It is very a pity to me, I can help nothing to you. But it is assured, that you will find the correct decision. Do not despair.
I can consult you on this question. Together we can find the decision.
Quite right! So.
Yes, really. And I have faced it. Let's discuss this question. Here or in PM.
Should you tell it � error.
Here there's nothing to be done.