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New Jersey Sportsbooks Accepting Legal Oscars Bets for First Time in U.S. History

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Academy Awards should generate interest from bettors, according to PlayUSA.com analysts

For movie lovers in and around New Jersey, there has never been a better time to have a strong opinion on this year’s Oscars. New Jersey sportsbooks are the first in United States history to legally accept bets on the Academy Awards — which are set for Feb. 24 — breaking new ground on the rapidly expanding legal sports betting market, according to analysts at PlayUSA.com.

PlayUSA.com’s complete rundown of the Oscars — including odds on every major category, a pick sheet, what sites are accepting bets, and analysis on the races — can be found at www.playusa.com/sports-betting/oscars.

“This is an incredibly exciting opportunity for American movie lovers to bet on the Academy Awards — legally — for the first time ever,” said Jessica Welman, betting analyst for PlayUSA.com and a movie historian who earned a bachelor’s in Cinema-TV Critical Studies from the University of Southern California, and a master’s in Film and Media Studies from Indiana University Bloomington. “Oscars betting has been popular overseas for years, so it will be intriguing to see what the reaction here is. We suspect interest will be relatively high during a typically slow month for sportsbooks.”

In late January, New Jersey regulators opened the door to legal Oscars betting, though it is possible that this is the only year that it is offered. New Jersey sports betting operators have responded, with nine online sites currently offering odds on the Academy Awards.

Odds and contests vary by sportsbooks, and betting limits are relatively low compared with mainstream sporting events. Most books are simply offering odds on the winners of the big six Academy Awards categories: best picture, director, actor, actress, supporting actor, and supporting actress.

“The novelty alone should pique interest of bettors,” said Dustin Gouker, lead sports betting analyst for PlayUSA.com. “People already love to try to predict who will win the Oscars, and now they can actually put their money where their mouth is. Do you think Black Panther, Roma, or A Star Is Born can win it all? You can bet on it in New Jersey.”

As an event that has never been offered before, the handle for legal Academy Awards betting is difficult to predict. But this year could be ideally situated. Odds for a tight Best Picture race range from the favorite, Roma (odds are as low as 1 to 2), to the dark horse, Vice (as high as 800 to 1).

Without a clear favorite, the Best Picture race could generate significant interest.

“This is a fun year, especially for bettors, because there is no heavy favorite,” Welman said. “Looking at the classic indicators of who will win Best Picture, the results are all over the map. While Roma may be the frontrunner, it is far from a guaranteed winner, which means one of these underdog winners could result in big payday for those who back them. Take Black Panther, for example. There is a scenario that the box office smash could win Best Picture. And with some books offering +2,500 odds, a small $10 bet could result in $250 profit.”

For more information, visit www.playusa.com/sports-betting/oscars.

About The PlayUSA Network:
The PlayUSA Network and its state-focused branches (including PlayNJ.com and PlayPennsylvania.com) is a leading source for news, analysis, and research related to the market for regulated online gaming in the U.S.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: New Jersey Sportsbooks Accepting Legal Oscars Bets for First Time in U.S. History

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Google Allows NJ iGaming Companies to Advertise Using Google Ads

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Google has updated its Google Ads policy. The behemoth tech corporation will now allow sports betting companies in New Jersey to advertise using the Google Ads.

This decision is a complete reversal of a previous decision by the company to narrow down the presence of gaming apps in the Google Play Store. A number of high-level gaming executives especially in New Jersey have welcomed the new decision.

According to Yaniv Sherman, an 888 executive, the new Google Ads policy update would enable the company to have “a competitive edge, and it broadens the marketing pie for us to choose from.”

The new version of the Google Ads policy is very effective in helping its users to differentiate between regulated-market operators and unlicensed sites targeting users from other parts of the world.

“The Google ads policy on gambling and games will change in june 2019 to allow state-licensed gambling entities to promote sports betting content in new jersey, as part of a limited beta. After the update, advertisers who wish to promote online sports betting content in new jersey must submit a gambling certification request through the updated policy page,” reads a section of the update.”

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Google Allows NJ iGaming Companies to Advertise Using Google Ads

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Newgioco Appoints Two Independent Directors to its Board

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Newgioco Group Inc., a global sports betting and gaming technology company, has appointed Paul Sallwasser and Steven A. Shallcross as the independent directors of the Board. Sallwasser and Shallcross will also serve on the audit committee, the compensation committee, and the nomination and corporate governance committee of the Board.

“As a key first step towards accomplishing the goals stated in our recent Letter to Stockholders, we are very pleased to announce today the appointment of Paul and Steven to the Board and expect to announce a third independent member in the near future,” Michele (Mike) Ciavarella, CEO said.

“The accomplished caliber of our new Board members and their willingness to work with Newgioco is a testament to our commitment to good corporate governance. Their combined experience with publicly listed companies and SEC reporting will strengthen our ability to understand and address the needs of all our stakeholders. I look forward to working harmoniously with our Board and management team to accelerate the positive momentum of our leading-edge ELYS betting platform in the US sports betting market,” Ciavarella added.

Mr. Sallwasser currently serves as the CEO of the Florida Community Health Network and a director of Youngevity International, Inc. He is a certified public accountant and began his career with Ernst & Young LLP in South Florida. He spent 39 years as a partner of the firm serving some of the largest publicly traded and government healthcare and biotechnology companies across the southeastern United States.

Mr. Shallcross currently serves as CEO, CFO, and Director of Synthetic Biologics, Inc. and is a certified public accountant and senior executive with over 25 years of comprehensive international, financial and operational experience.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Newgioco Appoints Two Independent Directors to its Board

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MGA Cancels the Gaming Licence of ASAP Italia SRL

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The Malta Gaming Authority has cancelled the gaming licence of ASAP Italia SRL. ASAP Italia SRL has thus been directed to proceed with the cancellation process of the authorisation, and to suspend all gaming operations with immediate effect.

In addition, a notice on the Authorised Person’s website is to be displayed informing all players that the Authorisation has been cancelled.

Due to the cancellation of the licence, ASAP Italia SRL is, therefore, not authorised to continue conducting gaming by means of distance communications under an Authority licence.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: MGA Cancels the Gaming Licence of ASAP Italia SRL

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