What “Best Practices” Really Means

What “Best Practices” Really Means

In the past few years, I testified as an expert witness in two major hearings where “best practices” had important and surprising roles. The Bergin Inquiry reexamined the entire system of regulating casinos in New South Wales, Australia.  Five years earlier, NSW had...
Hiding an Elephant in a Mousehole

Hiding an Elephant in a Mousehole

The federal D.C. Court of Appeals just ruled that the Seminole Tribe has a monopoly on internet sports betting in Florida.  The legal gambling world is abuzz about whether this means every tribe in America can now operate online sports books and take bets from...
50 Shades of Black Markets

50 Shades of Black Markets

Gray markets have become big business.  The American Gaming Association estimates Americans bet $511 billion with illegal and unregulated operators, costing legal sites $44.2 billion in gross gaming revenue and states $13.3 billion in taxes. American regulators...
Judge Rules Taking Bets from Black Markets No Big Deal

Judge Rules Taking Bets from Black Markets No Big Deal

“The French don’t care what they do, actually, as long as they pronounce it properly.”   – My Fair Lady An online sportsbook can report taking millions of dollars in bets from gray and black markets, as long as the numbers they report are accurate.  This is the...