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‘I am a betting addict and I want to quit’

AFP No-one under 18 is now allowed into a betting shop

Gambling is a multi-million dollar business in Kenya, but there are more losers than winners – with an increasing number of young people chancing their luck, writes Anthony Wanjiru.

The grey weather had not dampened the mood at the Mozzart Betting Shop in Westlands, Nairobi.

The punters continue to loudly place their wagers in the betting store, which is one of the many that dot Kenya’s capital.

This is where I meet Ken Karanja, 29, who best embodies the gambling culture beguiling many young people in the city.

Ken Karanja, truck driver:

“I am a betting addict”

He lives in Rwaka, a cosmopolitan area about 15km nine miles north-west of Nairobi, and makes 3,000 Kenyan shillings £22; £30 a day as a truck driver – money which he often gambles away.

“I am a betting addict. I bet 100 Kenyan shillings a day and 1,000 to 1,500 Kenyan shillings during weekends,” he says.

He used to frequent what were known as gambling dens, which were unregulated and where children could also place bets.

In the last four years, agen sbobet these have closed down, to be replaced by online gambling services – with people using their mobile phones, cyber cafes or one of the chains of new betting shops to place bets online on anything from the local league to World Cup matches.

Allure of instant money

This move has made it easier for people to place bets.

Mr Karanja has lost about $5,000 during a six-year gambling period. He bets because he wants to recover what he has lost, sometimes borrowing money or even charging his clients before doing a job.

Kenya has the highest number of young people in sub-Saharan Africa – between the ages of 17-35 – who gamble frequently, a 2017 GeoPoll survey found.

Another study from 2016 estimated that 78% of university students were problem gamblers.

The country is the third-largest gambling market in Africa, after Nigeria and South Africa.

Figures from the gambling regulator, the Betting Control and Licensing Board BCLB, show that gross gambling revenue for the 20162017 financial year was $198m £151m – equivalent to about half of the annual health budget.

However, the allure of instant money has come at a cost.

In 2016, a university student hanged himself after losing about $790 on a bet. Since then, more than five suicides and cases of bankruptcy, domestic violence and evictions have been reported.

To deter Kenyans from becoming problem gamblers, the government has introduced some taxes – the first, which came into affect in January, means betting firms must hand over 35% of their profits.

Nelson Gaichuhie, a senior official at Kenya’s Treasury, says a second tax, to be introduced soon, will target gamblers themselves – taxing winnings.

Online betting firms gamble on soccer-mad Nigeria

Online sports betting is booming in soccer-mad Nigeria largely thanks to payment systems developed by homegrown technology firms that are starting to make online businesses more viable.

ALSO READ: Safaricom launches loyalty promotion

For years, mobile payments failed to take off in Nigeria as they have in countries such as Kenya, where Safaricom’s M-Pesa money transfers have fostered a culture of cashless payments.

Fear of electronic fraud and slow internet speeds have held Nigerian online consumers back but betting firms says the new, fast digital payment systems underpinning their websites are changing attitudes towards online transactions.

“We have seen significant growth in the number of payment solutions that are available. All that is definitely changing the gaming space,” said Seun Anibaba, CEO of Lagos State Lotteries Board, gaming regulator in Nigeria’s commercial capital.

“The operators will go with whoever is faster, agen piala dunia whoever can connect to their platform with less issues and glitches,” he said, adding that taxes from sports betting in Lagos State rose 30 percent to 40 percent in 2017 from 2016.

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That growth has been matched by a rise in web payments, according to data from the Nigeria Inter-Bank Settlement System NIBSS, which is owned by the central bank and licensed banks.

In 2016, there were 14 million web payments worth a total 132 billion naira $420 million. Transactions leapt to 29 million worth 185 billion in 2017 and in the first quarter of 2018 there were nearly 10 million worth 61 billion.

With a young population of nearly 190 million, rising mobile phone use and falling data costs, Nigeria has long been seen as a great opportunity for online businesses – once consumers feel comfortable with electronic payments.

Online gambling firms say that is happening, though reaching the tens of millions of Nigerians without access to banking services remains a challenge for pure online retailers.

ALSO READ: Heavy losses as illegal gambling machines are impounded

British online betting firm Betway opened its first African business in Kenya in 2015, followed by Uganda, Ghana and South Africa. It launched in Nigeria in January.

“There is a gradual shift to online now, that is where the industry is going,” Betway’s Nigeria manager Lere Awokoya said.

“The growth in the number of fintechs, and the government as an enabler, has helped the business to thrive. These technological shifts encouraged Betway to start operating in Nigeria,” he said.

FINTECH COMPETITION

Betting firms cashing in on the soccer frenzy whipped up by Nigeria’s participation in the World Cup say they are finding the payment systems created by local startups such as Paystack are proving popular online.

Paystack and another local startup Flutterwave, both founded in 2016, are providing competition for Nigeria’s Interswitch which was set up in 2002 and was the main platform used by businesses operating in Nigeria.

In West Virginia, FanDuel makes first sports wagering deal

CHARLESTON, W.Va. AP A West Virginia resort owned by Gov. Jim Justice has chosen FanDuel to handle sports betting by its customers in the fantasy sports company’s first such wagering arrangement.

The Greenbrier announced Tuesday that New York-based FanDuel will provide retail, online and mobile sports wagering services for the resort in White Sulphur Springs.

West Virginia lawmakers this year approved sports betting at the state’s five casinos and on approved mobile apps, shortly before the U.S. Supreme Court overturned a federal law that had banned most sports betting.

The NFL, NBA and others want Congress to set uniform, nationwide rules on sports gambling for all states, saying the integrity of athletics is at stake.

The West Virginia Lottery Commission approved rules governing sports betting last week. situs judi online The rules spell out what information casinos have to supply to the Lottery and what they need to do to stay within compliance. The goal is to let the betting begin by the start of football season in September.

Conservative estimates are that the law would generate state revenue of about $5 million in its first year.

Justice allowed the sports betting bill to become state law without his signature. Before he became governor, Justice named his daughter, Jill Justice, as president of the resort, which her father bought out of bankruptcy in 2009. His son, Jay Justice, now handles his coal and agriculture operations.

Jill Justice said in a statement the Greenbrier is ”excited to be able to offer this service to those guests who are interested.”

FanDuel spokeswoman Emily Bass said in an email it’s the company’s the first sports betting arrangement with a U.S. resort. FanFuel merged this year with European bookmaker Paddy Power Betfair, which has similar deals with Meadowlands Racetrack in New Jersey and Tioga Downs in New York.

Earlier this month FanDuel rival DraftKings signed a deal with an Atlantic City, New Jersey, casino to offer sports betting in New Jersey.

”We are equipped to take on the opportunity to get a sports betting license in every market and are taking the appropriate steps to do so,” Bass said.

The NFL’s Houston Texans are holding their training camp at The Greenbrier starting in late July. Next week the resort will host the PGA Tour’s A Military Tribute at The Greenbrier, formerly known as The Greenbrier Classic.

The Greenbrier’s onsite betting will take place at an underground casino open only to resort guests and event participants, golf and tennis members and Greenbrier Sporting Club members.

”As we work towards building out a top sports betting product for the upcoming NFL season, we look forward to bringing West Virginia residents, sports fans, and visitors to The Greenbrier the best interactive sports experience on the market,” FanDuel CEO Matt King said in a statement.

Given the city’s record not everyone has been won over by pledges from casino executives and elected officials to make Atlantic City a more family-oriented resort. The same promises have been made for decades, yet the city has remained dependent on gamblers even though it long ago lost its status as the only place in the country that welcomed them outside of Las Vegas. The countryside is now dotted with casinos, including several within a short drive.

Your Neighborhood Sports Bookie Isn’t Going Anywhere

Among the many people with a vested interest in the legalization of sports betting in the U.S. is a 35-year-old man living in the Washington, D.C., area. An internet marketer by day, he bets around $15,000 on a typical night through an offshore website called BetUS, which masks its identity on his credit card statements to avoid legal scrutiny. He receives his winnings through a reloadable MasterCard prepaid card.

Prior to a debut at The Greenbrier, FanDuel will have had NJ sports betting experience under its belt with a July 15 launch coming at The Meadowlands Racetrack, per the . Jeff Gural, who manages the track, gloated about the gift that New York gave him by failing to pass a sports betting bill after several starts and stops before the state’s legislative session ended on June 20.

“New York did me such a favor by not passing sports betting,” Gural said. “That leaves me the entirety of New York City, Long Island, Westchester County. There are 15 million people that live within 20 miles 32 kilometers of the Meadowlands. They gave me a tremendous gift.”

The Greenbrier Resort Is a Unique Facility

The Greenbrier is a luxury resort owned by West Virginia Governor Jim Justice and that has hosted numerous U.S. presidents. It is also host for a PGA Tour event, The Greenbrier Classic. NFL and NBA teams have held events and training camps there, with the Houston Texans set to visit this year for their training camp.

Also See: What Just Happened at This West Virginia Sports Betting Meeting?

A local referendum in 2008 gave approval for the facility to operate casino-style gambling, with the current “Casino Club” cutting its ribbon on July 2, 2010.

The Greenbrier is located about 15 minutes from the Virginia border. The resort is one and a half hours from Roanoke, Va., population 100,000, and about a one and three-quarter hours drive from Blacksburg, Va., home of Virginia Tech.

Like all five casinos in the state, agen sbobet including properties owned by Penn National Gaming and Delaware North, The Greenbrier will have the benefit of being able to take depositswagers remotely, which is especially nice given that neighboring Ohio has yet to legalize sports wagering and Pennsylvania sports betting in a holding pattern as stakeholders battle over the prohibitive taxes and fees levied under the current law. A burden even the NFL agrees is too much.

West Virginia’s temporary regulations will be in place for four months, allowing some examination before permanent regulations go into place in early December.

As for what physical sportsbook patrons can expect at The Greenbrier, Boyd said, “all five of the West Virginia properties are planning to build, or are getting ready to begin construction of sportsbook lounges on their properties. As for the sizes of those, I don’t know any specifics at this point, but that will be something that will be in the works and hopefully construction will be up and running pretty quickly.”

FanDuel has not yet made its own still-under-construction sports betting platforms available for public consumption or viewing. For this, it will need PPB’s support. We expect that the product, at least on the retail side, will come to light when the Meadowlands sportsbook launches.

Also See: Odds Shift in Race for Operator Dominance in Legal U.S. Sports Betting Market

The post FanDuel Scores Deal to Manage Sports Betting for West Virginia’s Greenbrier Resort appeared first on SportsHandle.

FanDuel Scores Deal to Manage Sports Betting for West Virginia’s Greenbrier Resort

The post FanDuel Scores Deal to Manage Sports Betting for West Virginia’s Greenbrier Resort appeared first on SportsHandle.

In an agreement announced on Monday at ProFootballTalk, FanDuel will operate retail, online and mobile sports betting services for The Greenbrier Resort, located in southeastern West Virginia. This means that coupled with its partnership with The Meadowlands Racetrack in northern New Jersey, the second-largest daily fantasy sports DFS platform will have established sports betting presences in two of the first five states that will offer legal sports betting, after the fall of the federal sports wagering ban in May, courtesy the Supreme Court.

“We are honored to be chosen to provide sports wagering services at The Greenbrier, an iconic resort in the U.S.,” FanDuel CEO Matt King said per the PFT report. “As we work towards building out a top sports betting product for the upcoming NFL season, we look forward to bringing West Virginia residents, sports fans, and visitors to The Greenbrier the best interactive sports experience on the market.”

In early May, agen piala dunia King first revealed the open secret that FanDuel, like the other major DFS player, DraftKings, would look to pivot to sports betting. Then on May 23, Dublin-based Paddy Power Betfair PPB announced that it was acquiring FanDuel in a move to establish a foothold in the emerging U.S. sports betting market.

FanDuel Will Join WV Sports Betting Market, Having Already Locked Up Deal at Meadowlands in NJ Sports Betting Market

In March, West Virginia became the first state in 2018 to pass a bill legalizing sports wagering, pending the outcome in SCOTUS. Then on June 21, the West Virginia Lottery Commission issued the WV sports betting regulations.

“This will enable casinos and sportsbooks to go forward to make sure their systems meet the requirements set forth in our rules, so that’s why we tried to get this done as soon as possible to expedite the process,” state Lottery Commissioner Alan Larrick told MetroNews.

“Our goal is still to have everybody up and running by football season,”  Danielle Boyd, General Counsel for Lottery, told Sports Handle. “September 1 at the very latest.”

Also See: Checking in on West Virginia’s Sports Betting Plans and Launch

When systems are ready for launch, FanDuelPPB will have the ability, according to the regulations, to accept sign-ups, deposits and wagers remotely from throughout the state. This contrasts wisely with regulations in other jurisdictions, such as in Mississippi, where patrons for now can only make onlinemobile wagers while on casino premises.

Per the FanDuel press release provided :

The Greenbrier plans to have an onsite wagering platform inside The Casino Club at The Greenbrier, America’s only private casino, as well as a FanDuel-branded online site and mobile application. Plans are to have the services running by the fall. The exact date will be contingent on when the state of West Virginia’s regulations are put in place.

Can Sports Betting Do for Atlantic City What Donald Trump Couldn’t?

ATLANTIC CITY — The last time there was so much hype about the future of this troubled seaside resort, Donald J. Trump was doing most of the hyping.

The president, then a casino impresario, opened the Trump Taj Mahal, the biggest gambling venue on the boardwalk, with great fanfare and at a cost of $1.2 billion in 1990, only to have it collapse into bankruptcy the following year. After years of decline, it shut down in 2016, seemingly consigned to symbolize the ruinous excess here during the Trump era.

But now, less than two years later, the old Taj, stripped of its faux minarets, concrete elephants and any evidence of the Trump name, is about to reopen as the Hard Rock Hotel & Casino. On the same day, June 28, another failed casino — the epically disastrous Revel — is being reanimated a short stroll up the boardwalk as the Ocean Resort.

These revivals are scheduled just as New Jersey’s casinos scramble to cash in on another way of separating gamblers from their savings: wagering on sporting events. The Borgata casino started taking bets on sports on June 14 and others, including the Ocean Resort, are rushing to install sports books in prominent spots on their casino floors. Adding a popular form of gambling could help draw customers during the dreary winter months.

Altogether, situs judi bola it adds up to more opportunity than many people who live and work here could have imagined just a few bleak years ago when five of the city’s 12 casinos failed and a state takeover rescued the city from a bankruptcy filing.

Though this once famous gambling mecca still has far to go to reverse its fortunes, some boosters are already painting a rosy picture.

“All around us we get glimpses of Atlantic City’s future, as new buildings rise and old streets get new life breathed into them,” Gov. Philip D. Murphy, a Democrat, told a lunchtime crowd at a recent gaming conference here. “Not long ago — it was not long ago at all — folks were writing Atlantic City off. It was past its prime. The economy was dead. Now, when people speak of Atlantic City, they speak of renewal, they speak of opportunity.”

New Jersey became the second state — Nevada was the first — with a legal casino when Resorts International opened on the boardwalk in 1978. But a gaming license has not always been a sure thing. In a race to cash in, Trump and his competitors often borrowed more than they could pay back.

At one point, this small city had 13 casinos, three of them controlled by Trump. But each of his properties fell into bankruptcy and he eventually withdrew from the business. Caesars Entertainment, which still owns three casinos here, had been saddled with about $25 billion in debt before it went into bankruptcy in 2015.