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ï»¿Patriots Owner Robert Kraft Becomes Media Target in Casino Stock Ownership Investigation

New England Patriots owner Robert Kraft is the target of the investigation that is new to sports news siteDeadspinthat claims the billionaire is in violation regarding the National Football League’s (NFL) ownership policies due to his investment in a hedge fund.

New England Patriots owner Robert Kraft (seen here with President Donald Trump at an NFL game in 2012) is being accused by one reporter of violating the league’s ownership policy for keeping interests in Caesars.

Kraft, well worth a calculated $5.1 billion according toForbes, owns a small stake (by his criteria) in Apollo Global Management (AGM). The Kraft Group CEO holds 267,240 shares of AGM, a publicly traded company, currently valued at around $7 million per SEC filings.

Since Apollo presently retains a 30 percent stake in Caesars Entertainment, since well as positions in British house that is betting and casino games maker American Gaming Systems,Deadspinauthor Bart Hubbuch claims Kraft is in violation of this NFL’s gambling policy. The League strictly forbids owners from directly casinos that are owning gaming businesses.

In the Apollo website, the hedge fund says Kraft has been a director of its business since 2014. The billionaire is listed alongside nine other directors and executive officers.

‘Holding that position would appear to be a violation that is clear of NFL’s gambling policy. While the policy enables for owners t Continue reading “Patriots Owner Robert Kraft Becomes Media Target in Casino Stock Ownership Investigation”

ï»¿ESports Betting Now Fully Recognized Under Nevada Law, Gov. Sandoval Symptoms Parimutuel Bill

ESports wagering is finally getting the sort of recognition the quickly emerging space possibly deserves. Over the weekend, Nevada Governor Brian Sandoval (R) made wagering on competitive video gaming completely legal.

Nevada Governor Brian Sandoval has formally made eSports betting an activity that is legal hawaii.

By signing a bill that adds the tournaments to their state’s parimutuel rule, Governor Sandoval solidified the legality of eSports wagering in the state of Nevada for the future that is foreseeable.

Senate Bill 240, authored by State Sen. Becky Harris (R-Clark County), amends Nevada’s legislation on parimutuel wagering to include ‘other events’ than just horse races, animal races, and athletic sporting events.

The legislation will allow Silver State sportsbooks to simply take odds on everything from eSports to who will win Best Actor at the Oscars. It will not, however, allow for betting on politics.

SB 240 had been passed away unanimously by both the Nevada Assembly and Senate. Sandoval’s signature on the statute arrived as no surprise.

The Nevada Gaming Control Board, a three-member panel appointed by the governor, signed off for a suggestion from the state’s Gaming Policy Committee to allow books to take eSports bets last fall. The Downtown Grand’s William Hill sportsbook immediately after became the very first location to take eSports wagers.

‘There’s a whole lot he Continue reading “ESports Betting Now Fully Recognized Under Nevada Law, Gov. Sandoval Symptoms Parimutuel Bill”