Online Gambling Market

Foxwoods Heads To Online Gambling Market Ahead Of US Regulations

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If ever there was a sign from within an industry as to where they believe their industry is heading, it is gambling in the US. Foxwoods becomes the second major name in US gaming to make their move into the online gambling market.

Foxwoods Development Company is partnering with Goodson Gaming, an entertainment and television company, on an Internet gambling venture. The idea at first will be to start offering services in jurisdictions where Internet gambling is regulated, but many inside the industry are already wondering whether this is just a move for Foxwoods to position themselves in case law changes occur in the US.

“Velocity Gaming brings together industry leaders in gaming, television game show production, and global lotteries in order to produce an unparalleled combination that will generate product awareness, drive incremental game play, and create new and exciting customer experiences in the Interactive gaming world,” said Foxwoods Development, in a statement on their new venture.

Foxwoods was one of the pioneers in the casino gambling industry in the Northeast. The industry has experienced a boom in recent years, with New York, Maryland, Pennsylvania, Delaware, and even Maine adding new casinos in that time period. Foxwoods, which is run by the Mashantucket Pequot Tribe, has their facility in Connecticut.

Last year, when the economy was hurting the casino industry, Foxwoods partnered with Mohegan Sun on a billboard campaign along the New Jersey Turnpike. The campaign was aimed at pulling gamblers away from Atlantic City, to the casinos in Connecticut. Now, the Connecticut casinos have much more competition than just New Jersey.

Harrah’s Entertainment became the first US-based gaming company to go into the Internet gambling business. Harrah’s has launched several online casinos in jurisdictions where Internet gambling is regulated. The two companies both understand the discussions taking place in Washington regarding online gambling.

Representative Barney Frank has proposed legislation that would overturn the Unlawful Internet Gambling Enforcement Act this past summer, and the bill made it through the House Financial Services Committee. The legislation likely will stall there, however, with Republicans taking control of the House. Representative Spencer Bacchus, a staunch opponent of Internet gambling, could become the new chair of the committee in the new year.

Student Grade Gambling

Debate Begins Over Student Grade Gambling Website

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A new website, Ultrinsic.com, is giving college students around the US the opportunity to place bets on their future grades. A variety of factors go into calculating the odds, and over thirty-five schools are listed on the site.

Indiana University is one of those schools and officials are unsure why they are included on the betting site. To the officials, it appears as though the site is only for gambling purposes, but the operators of the site disagree.

“It gives them (students) something to put them over the top as far as studying,” said COO Judah Guber. “Two of the more important factors (for including Indiana) were its record for being a good school academically, combined with the fact that it has a premiere athletic program.”

While the site defends its service, others are skeptical of the motives. There are a growing number of critics that are concerned this will be another dangerous form of gambling for college students.

“Even if their intentions are to make students work harder to get good grades, the truth of the matter is they are preying on the instinctive gambling nature of college-aged students,” said Maria Belville. “They are using the grades as a facade to make millions of dollars.”

The students can receive varying odds depending on their grade history and the challenge of the class they are betting on. If they started betting on the site as freshman, there is a chance they could make a couple thousand dollars by the time they graduated with a four year degree. Whatever the motive, Indiana officials broke it down to its simplest form.

“It looks like gambling to us,” said Indiana University Spokesman Larry MacIntyre.

Dancing With The Stars

Dancing With The Stars betting On ABC Heads Into Final Night

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Dancing with the Stars on ABC has provided yet another entertainment filled season and on Monday the finalists competed one more time for America’s votes. With the voting lines now closed, all that is left is to reveal the winner later tonight.

Jennifer Grey has been the betting favorite for the entire competition and on Monday Grey and her partner Derek Hough performed brilliantly, according to the judges. The pair received perfect scores, and seem to be the couple to beat heading into the results show.

Bristol Palin always could make a run at winning because of the popularity of her mother, Sarah. Last week, Palin was saved by voters while Brandy, a favorite for most of the competition, was eliminated. Many believe that a strong Tea-Party support group helped Palin survive.

Again on Monday, Palin and her partner Mark Ballas, were last on the judge’s scorecards. The actual score, however, may have little to do with the outcome at this point with each celebrity having their own fan base. Whether Palin wins will be based more on popularity than her actual dance moves.

Kyle Massey has been somewhat of the forgotten man in this competition. Massey finished in second place, along with partner Lacey Schwimmer. Massey is unlikely to win, with the two mom’s garnering most of the attention. Massey has survived this long, so and upset is not completely out of the question.

The final is set for tonight at 8PM on ABC. Christina Aguilera will perform her song “Beautiful” along with a song from her new movie “Burlesque.” The three couples remaining will also perform two more dances, a Cha Cha Cha, and a ballroom dance, before the winner is crowned.