Category Archives: sports gambling

sports gambling

U.S. Treasury warns casinos on illegal sports betting | Reuters

states including Nevada, home of Las Vegas. casino industry. 22 Thomson Reuters article, which said the department was likely to press casinos to take a greater role in fighting illegal sport book activity.

The U.S.

ST. However, illegal sports betting operations around the world, including online outfits, sometimes offset bets they receive by placing casino wagers, law enforcement sources told Thomson Reuters.

FinCEN noted that prior to the news of its planned guidance, it had been “planning on communicating to the casino industry directly with respect to a particular concern in this regard.”

The FinCEN letter was addressed to the president of the American Gaming Association (AGA), the trade group for the U.S. This poses distinct money laundering risks for casinos,” FinCEN said in the letter.

“Increases in sports betting conducted on behalf of third parties are facilitating criminal activity and posing a money laundering risk to the U.S financial system,” the Treasury said in a letter made public on Friday. LOUIS

“In these cases, the intermediaries rarely voluntarily disclose to the casino that a transaction is being conducted on behalf of a third party, thereby disguising the third party’s role in the transaction and obscuring the source of funds used to place the bet. The report urged governments to correct what it called a vulnerability of sport betting to organized crime.

The letter with guidance for casinos from Treasury’s Financial Crimes Enforcement Network (FinCEN) came in response to a Dec. (Reporting by Brett Wolf of the Compliance Compelete service of Thomson Reuters Accelus, Editing by Randall Mikkelsen and David Gregorio)

The letter reminds casinos that the Bank Secrecy Act requires them to ask gamblers whether their bets are for themselves, and to report any wagers for third parties as suspicious activity. 1 yields one of the busiest sports book weekends of the year.

By Brett Wolf

| ST. The letter was dated Dec. National Football League’s Super Bowl on Feb. It said $140 billion is laundered annually through sport betting. The letter also reminds casinos that they must take a risk-based approach to compliance, focusing on gaming that presents the greatest money laundering threat.

Runners have been known to loiter at casinos, keeping numerous mobile phones and tablets near them to receive orders from illegal gambling rings.

In a statement responding to FinCEN’s letter on Friday, AGA President and Chief Executive Officer Geoff Freeman said the group “welcomes continued guidance from FinCEN.” He added that “members are committed to robust anti-money laundering measures” and that they “invest significant resources to tailor risk-based compliance programs for every corner of the casino, including sports books.”

“While casinos routinely look for suspicious bets at sports books and have worked with law enforcement to identify illegal activity, in some cases leading to criminal convictions, no such oversight exists for the illegal sports betting market,” he said.

Regulators and law enforcement authorities are concerned by intelligence suggesting that criminals are making bets with legal sports book operations, using intermediaries, or “runners,” to place bets, the Treasury bureau said.

Sports gambling is legal in only four U.S. .

The global International Centre for Sport Security reported last year that 80 percent of global sport betting is illegally transacted, and therefore invisible to authorities. casinos must take steps to combat illegal sports gambling, the Treasury Department has told an industry group in a letter that came just weeks before the Super Bowl, one of the biggest betting events of the year. 24. LOUIS U.S. The AGA, citing the Thomson Reuters article, had asked FinCEN about its plans to issue guidance.

Freeman said the risk of money laundering “is far greater in the vast, unregulated, illegal sports betting market than in the highly regulated, legal gaming industry

Research and Markets: Research Report – Global Online Gambling & Betting Market 2014

In the USA, online gambling is legal only in three states

and in many Asian countries gambling and betting is allowed only in

casino resorts.

Trends in online gambling and betting.

In North America, online gambling was legalized in three US states by

early 2014, with online gambling revenues surging to millions in the

first months of legal operation.

Italy has one of the most advanced regulatory arrangements regarding

online gambling in Europe. However, offshore gambling websites

are popular among Brazilian gamblers, who spend several hundreds of EUR

million annually on offshore sports betting sites.

About Research and Markets

- Bwin.Party

Research and Markets is the world’s leading source for international

market research reports and market data. The global online gambling market has a current value

estimated at a medium double digit number in billions of Euros, with

growth expected between +7 and 10% annually in the next few years.

Regional variations in legislation and acceptance of online gambling and

betting

Companies Mentioned

In the largest Latin American market, Brazil, gambling and betting is

forbidden except for horse racing. Total online gambling revenue in Italy

recently reached a high number in hundreds of millions of Euros, with

poker constituting the largest segment.

The major trends in online gambling and betting globally are mobile and

social gambling. – Ladbrokes

- The analyses, statistical reports and forecasts are only based on

reliable sources including national and international statistical

offices, industry and trade associations, business reports, business and

company databases, journals, company registries and news portals.

In France, online gambling and betting has been legal since 2010, but

many gamblers turn to illegal sites.

The authors observe: while land-based lottery and casinos still dominate

the gambling scene, online real-money gambling and betting are growing

rapidly.

. Progress in online betting regulation in Germany is

expected in 2014, as several operators have applied for the first online

sports betting licenses.

The leading online gambling and betting companies worldwide include

PokerStars, Bwin.Party, William Hill Online, each of which annually

generate online revenues of over EUR 0.5 billion.

Europe has been a leader in adopting regulation regarding online

gambling, but as the activity spreads, new measures are being enacted.

- These market reports inform top managers about recent market trends

and assist with strategic company decisions

Online gambling is only starting to emerge in Africa. In

South Africa, online gambling awaits legalization in 2014.

- Betfair Group

- PokerStars

- 888 Holdings

For more information visit http://www.researchandmarkets.com/research/pwjr2j/global_online

- Paddy Power

The regulatory landscape on online gambling and betting is varied. As a result companies get a precise and unbiased impression of the

market situation.

- The author’s international employees research and filter all sources

and translate relevant information into English. For example, a quarter of poker

players chose to bet on unregulated networks.

Regulation of online gambling and betting in Germany and Russia lag some

of their neighbours. Mobile gambling is expected to grow at double-digit

rates and to reach over 40% of the total online gambling market by 2018,

as the number of mobile gambling users increases by a hundred million.

DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/pwjr2j/global_online)

has announced the addition of the “Global

Online Gambling & Betting Market 2014″ report to their

offering.

The spread of online betting and gambling is forcing governments to act

to regulate. In

Australia, which leads the world in terms of per person gambling, online

sports betting and gambling has been growing by over 30% annually, while

the growth of the total gambling market does not exceed 5%.

- The authors provide secondary market research: By using various

sources of information they ensure maximum objectivity for all obtained

data. We provide you with the latest

data on international and regional markets, key industries, the top

companies, new products and the latest trends.

Online gambling and betting is spreading in the Asia-Pacific region. The first

regulated online gambling website in Kenya was launched in 2013. This ensures that the

content of the original studies is correctly interpreted.

- William Hill Online

Product Information:

Global Online Gambling and Betting Market 2014 depicts the latest trends

and developments in the field. In North America and major Asian

countries online real-money games are yet awaiting progress in

regulation. Among the findings of the reports

researchers is that the online gambling and betting segment is

increasing, enhanced by the spread of smartphones and tablet computers. The

majority of Western European countries have some laws in place to

channel online gambling and betting

Research and Markets: Forecasting in Financial and Sports Gambling Markets: Adaptive Drift Modeling Identifies Periods of Inefficiency and Develops Profitable Forecasting Models

Mallios, PhD, is a consultant at Mallios and Associates,

where he provides professional advisement to various financial, medical,

and educational institutions. Mallios

served as professor of decision sciences at California State University,

Fresno, for more than twenty-five years and has provided consulting

services for government organizations, including the Food and Drug

Administration and Centers for Disease Control.

Providing valuable insights based on the author’s firsthand experience,

this book utilizes simple, yet unique, candlestick charts to identify

optimal time periods in financial markets and optimal games in sports

gambling markets for which forecasting models are likely to provide

profitable trading and wagering outcomes. The book is also a valuable

reference for researchers and practitioners working in the areas of

retail markets, quant funds, hedge funds, and time series. Pseudo Candlestick Graphics for Major League Baseball.

7. A Fulbright Senior Specialist, Dr. William S. Financial/Mathematical Illiteracy and Adolescent Problem Gambling:

Epidemics More Damaging Than the 1918 Influenza Pandemic.

13. The Influenza Futures Markets.

Index.

List of Figures.

Higher order ARMA processes in financial markets

The effects of gambling shocks in sports gambling markets

Cointegrated time series with model drift

Modeling volatility

A guide to modeling analyses for financial and sports gambling markets,

with a focus on major current events

Addressing the highly competitive and risky environments of current-day

financial and sports gambling markets, Forecasting in Financial and

Sports Gambling Markets details the dynamic process of constructing

effective forecasting rules based on both graphical patterns and

adaptive drift modeling (ADM) of cointegrated time series. Single Equation Modeling: Sports Gambling Markets.

9. Introduction.

2. The book

uniquely identifies periods of inefficiency that these markets oscillate

through and develops profitable forecasting models that capitalize on

irrational behavior exhibited during these periods.

Throughout the book, interesting real-world applications are presented,

and numerous graphical procedures illustrate favorable trading and

betting opportunities, which are accompanied by mathematical

developments in adaptive model forecasting and risk assessment. Opacity and Present Day Variables.

4. Featuring detailed examples

that utilize actual data, the book addresses various topics that promote

financial and mathematical literacy, including:

Forecasting in Financial and Sports Gambling Markets is an excellent

book for courses on financial economics and time series analysis at the

upper-undergraduate and graduate levels. Adaptive Modeling Concepts in Dynamic Markets.

5. Studies in Japanese Candlestick Charts.

6. Simultaneous Financial Time Series.

10. Market Perspectives: Through a Glass Darkly.

3. Single Equation Adaptive Drift Modeling.

8. Modeling Cointegrated Time Series Associated with NBA and NFL

Games.

11. Categorical Forecasting.

12. Also, anyone

with a general interest in learning about how to profit from the

financial and sports gambling markets will find this book to be a

valuable resource.

Author:

Key Topics Covered:

For more information visit http://www.researchandmarkets.com/research/508458/forecasting_in_fin

DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/508458/forecasting_in_fin)

has announced the addition of John Wiley and Sons Ltd’s new book “Forecasting

in Financial and Sports Gambling Markets: Adaptive Drift Modeling”

to their offering.

Preface.

1. A

related web site features updated reviews in sports and financial

forecasting and various links on the topic.