U.S. judge blocks New Jersey sports betting law

District Judge Michael Shipp gave the order orally in court and planned to issue a written order later in the day, according to his chambers.

Teenager Pema Lama is pulled from the rubble five days after an earthquake in Nepal, and more of our top photos from the last 24 hours.  Slideshow 

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(Reporting by Steve Ginsburg in Washington and David Ingram in New York; Editing by Chris Reese and Andre Grenon)

(Reuters) – A federal judge issued a temporary restraining order on Friday blocking a New Jersey law that would have allowed legal betting on sporting events.

The law would allow sports betting at state-licensed casinos and racetracks. Chris Christie, a Republican, signed a few days earlier.

Christie spokesman Michael Drewniak said New Jersey plans to keep fighting the lawsuit.

“We continue to have full confidence in the strength and appropriateness of our position as we move forward in the litigation,” he said in a statement.

A lawyer for the sports leagues confirmed the temporary order, but declined to comment further.

U.S. Chamber of Commerce in Washington, October 21, 2014.

Reuters/Larry Downing

Monmouth Park, a thoroughbred race track in Oceanport, had planned to offer sports betting on Sunday.

The National Football League and other sports leagues sued on Monday in an attempt to block the law that New Jersey Gov. The sports leagues said it violated a federal sports gambling ban and argued they would suffer irreparable harm if the law went into effect.

New Jersey Governor Chris Christie walks out after making remarks at a legal reform awards luncheon at the U.S

Luis Figo competira contra Blatter por presidencia de FIFA

Le hablo a mucha gente del fútbol, a jugadores, a técnicos y a presidentes de asociaciones, mucha gente que me ha dicho que hay que hacer algo”, expresó Figo.

“Veo la reputación de la FIFA en estos momento y no me gusta lo que veo. El fútbol se merece algo mejor”, dijo Figo, de 42 años, en un comunicado. “Es bueno para la FIFA y es bueno para el fútbol que haya candidatos válidos, con amplia experiencia en el deporte, de distintas partes del mundo”.

El exjugador de Real Madrid y Barcelona anunció el lanzamiento de su candidatura el miércoles, en coincidencia con la transmisión de una entrevista con CNN.

El portugués, quien fue elegido el mejor jugador del año en el 2001, lanzó su campaña una hora antes que el presidente de la federación de Holanda Michael van Praag realizase una conferencia de prensa para explicar su candidatura.

El hecho de que ambos se presenten podría reflejar diferencias dentro de la UEFA, que oficialmente es la única asociación continental opuesta a Blatter.

Su portavoz Pedro Pinto se mostró el miércoles complacido con el anuncio de Figo.

Platini había apoyado también la candidatura de otro vicepresidente de la FIFA como él, el príncipe jordano Ali bin al-Hussein.

GINEBRA, Suiza (AP) — Luis Figo dice que es el hombre que puede destronar a Joseph Blatter y que cuenta con las nominaciones necesarias para presentar su candidatura para la presidencia de la FIFA.

No está claro si Figo y Ginola pasarán los exámenes de integridad que hace el comité de ética de la FIFA.

Figo también cobra por hacer publicidad para una firma de apuestas, Dafabet, de Asia.

Blatter es amplio favorito para ganar un quinto mandato en la votación del 29 de mayo a pesar de una serie de escándalos por denuncias de corrupción y malos manejos financieros que han involucrado a varios miembros del comité ejecutivo de la FIFA.

“He visto deteriorarse la imagen de la FIFA.

Se espera que el presidente de la comisión que supervisa las elecciones, Domenico Scala, publique la lista final de candidatos antes de mediados de febrero.

Blatter dirige la FIFA desde 1998 y lleva 40 años trabajando para el organismo.

Blatter necesitaría dos tercios de los votos para ganar en la primera ronda de una votación secreta entre los 209 miembros de la FIFA en Zúrich, o una mayoría simple en la segunda.

El presidente de la UEFA Michel Platini decidió en agosto pasado no postularse.

Van Praag, quien criticó abiertamente a Blatter a lo largo del año pasado, dijo el lunes que se postulaba porque no había surgido ninguna otra “candidatura con credibilidad”.

“Candidatos con credibilidad y nuevas ideas generarán un debate abierto en la campaña”, dijo Pinto en un comunicado. “El fútbol me ha dado mucho y ahora quiero devolverle algo”.

Otros posibles candidatos son el ex dirigente de la FIFA Jerome Champagne –viejo aliado de Blatter y el único que ha ofrecido un programa detallado– y el ex jugador francés David Ginola, quien se postula en nombre de una agencia de apuestas que le paga para que lo haga.

El código de ética del organismo dice que los dirigentes tienen “prohibido participar, directa o indirectamente, o tener algún tipo de asociación con apuestas, juegos de azar, loterías y otras actividades o transacciones relacionadas con los partidos de fútbol”.

El plazo para presentar candidaturas acompañadas de las nominaciones de cinco de las 209 asociaciones afiliadas a la FIFA se vence a las 2300 GMT del jueves.

Figo fue embajador de la UEFA en la final de la Liga de Campeones en Lisboa el año pasado y van Praag es miembro del comité ejecutivo de la UEFA.

Van Praag dice que también cuenta con cinco nominaciones pero, al igual que Figo, no ha dicho qué asociaciones lo respaldan.

Al margen de los escándalos, el dirigente suizo ha estado al frente de una operación que ha tenido un éxito comercial fenomenal a partir de la Copa Mundial, con reservas en efectivo de 1.500 millones de dólares y que reparte cada vez más dinero entre las federaciones nacionales, las cuales no han mostrado mucha voluntad de cambio.

GB Group clinches contract for Asian online betting site.

All rights reserved.

12Bet.com European chief executive Rory Anderson said: “Following our strategic entry into the European market, a key require ment for us was to be able to accurately verify identities across borders.

GB’s client list includes blue chip organisations such as BBC TV Licensing, HMRC, Ladbrokes and Lloyds TSB.

GB chief executive Richard Law said: “Fraud prevention is high on 12Bet.com”s priority list and it is important for them to instil trust amongst their customers.

The company has launched a European operation based on the Isle of Man and is using GB’s ID3 technology which can check the details of more than 800m people in more than 26 countries..

Byline: NeilHodgson

CHESTER-BASED data specialist GB Group has been chosen to provide the online identity verification process for one of Asia’s largest sports betting sites, 12Bet.com.

“We believe we have the best technology in the market to do just this and we are pleased to work with them to offer their customers peace of mind that they are gambling on a protected and responsible site.”

“GB Group’s ID verification solution perfectly complements our anti-fraud policies and procedures, helping us to achieve our goal.”

COPYRIGHT 2010 MGN Ltd.

No portion of this article can be reproduced without the express written permission from the copyright holder.

12Bet’s market mainly focuses on football, covering more than 75 leagues and on average 7,000 events each month.

As well as verifying identities GB’s system also allows 12Bet.com to block customers from countries where they do not want to do business.

Copyright 2010 Gale, Cengage Learning

Internet Poker: Bill to Allow U.S. Casinos Share of Online Gambling

But until now, lawmakers on Capitol Hill have tried to inhibit millions of Americans from participating in the popular game with other players online.

But the industry has repeatedly lobbied Congress to clarify the rules and loosen restrictions on some forms of online gaming, including poker.

More than 2,000 websites currently offer users the chance to wager real cash in games of skill and chance, including poker, according to the American Gaming Association. But then in the online space, there are all these unregulated, unlicensed, untaxed groups running internet gaming,” Feldman said.

A draft bill, first reported by the Wall Street Journal and obtained by ABC News, would legalize online poker playing in the U.S., and establish licensing and reporting requirements for companies, as well as safeguards for consumers. But most of them are run by offshore companies, industry experts say.

Gamble on Online Gaming No Safe Bet

The Unlawful Internet Gambling Enforcement Act of 2006 indirectly outlawed online gambling in the U.S. It would also generate tax revenue from wagers, for state and federal governments.

That prospect has several leading Republicans — who are opposed to legalization of internet gambling without public hearings — up in arms.

After the midterm election, in which Las Vegas-based casinos were some of the major donors to the reelection of Nevada Democratic Sen. by making it illegal to use a credit card or checking account to place electronic bets.

An estimated 15 million Americans play online poker for money through sites run out of foreign countries, according to the Poker Players Alliance.

Republican Reps. “There are no consumer protections, no standards for licensing, no rules on operations,” said Alan Feldman, a spokesman for MGM Resorts International, who noted internet gambling is widespread across the U.S. despite federal law.

Legalization of online poker forums has long been sought by the U.S. casino industry which says federal gaming regulations have unfairly handicapped their business in a flourishing online marketplace and left American consumers vulnerable.

Forms of online gambling other than poker would remain prohibited under the bill.

Poker has been played by presidents and partisans alike for generations. Harry Reid, some speculate the legislation stands a renewed chance at passage.

Gary Thompson, spokesman for Caesars Entertainment Corp., the country’s largest gaming company, said he could not comment on the bill because of an SEC-mandated “quiet period,” but acknowledged the industry has favored a change in the law.. Spencer Bachus of the House Financial Services Committee, Dave Camp of the Ways Means Committee, and Lamar Smith of the Judiciary Committee sent a letter to Reid and Senate Minority Leader Mitch McConnell last week opposing the measure, which was being circulated quietly on the Hill.

“It’s a sloppy wet kiss to Nevada casinos,” said a senior Republican staffer familiar with the legislation who asked to remain anonymous.

Now some lawmakers want to allow U.S.-based casino companies to get into the game — and a cut of the $25 billion-a-year pie — by quietly pushing for a change in the law before the end of this year.

“We’re very strictly regulated

Baccarat CEO sees sales down again in 2014

The company makes a little over a quarter of its turnover in Japan and about a quarter in France.

Riccardi declined to say what her objectives for the year were aside from improving the company’s profitability.

Baccarat shares, which have lost 5 percent so far this year after climbing 32 percent in 2013, closed up nearly 4 percent on Thursday at 216.95 euros, giving the company a market value of 180.2 million euros.

Riccardi said the maker of crystal glasses, jewellery and bottles for spirits such as cognac had been hit hard by China’s anti-corruption measures, which dented cognac sales in the country.

PARIS (Reuters) – Baccarat (CDBP.PA) sales are expected to remain in decline this year as market conditions deteriorate in Europe even more than in 2013, the head of the French crystal specialist told the company’s annual general meeting on Thursday.

Last year, Baccarat’s sales fell 6.3 percent to 106.5 million euros ($144.7 million), and its 2012 operating profit of 4.68 million was followed by a loss of 6.67 million.

“The situation has worsened in Europe progressively and this year even more so than last year,” Baccarat Chief Executive Daniela Riccardi said.

($1 = 0.7359 Euros)

Baccarat said Riccardi’s base salary and bonus for 2014, based on meeting certain objectives, would total 1.5 million euros, and that she would receive 165,000 euros in rent allowance and 35,000 euros for her children’s education together with other expenses such as a car.

“If this situation does not improve, it will be very difficult for us to have positive growth in reported terms,” she said, adding that the yen’s weakness against the euro was also a problem for the company.

. Riccardi said she hoped moves to prune Baccarat’s product portfolio to 1,000 items from 6,000, coupled with marketing around the brand’s 250th anniversary this year would eventually bear fruit and help it return to growth, both in terms of sales and profit.

However, she said that if market trends remained the same, “it would be complicated for us” to return to profit at the net and operating level in 2014.

She also said Baccarat’s jewellery sales, which fell 11 percent last year, had suffered from delays to product deliveries.

(Editing by James Regan)

Riccardi, who also sits on the board of Gucci-owner Kering (PRTP.PA) and previously worked for Diesel and Procter Gamble, joined Baccarat a year ago, following a succession of CEOs at the company’s helm since 2006.

She added that Baccarat, which is controlled by investment firms Starwood Capital and Catterton Partners, planned to open a luxury hotel in New York in December.

The CEO said the yen’s depreciation against the euro hit sales last year, once translated into euros, even though they grew in underlying terms

Smart kid-lit about a seventh-grade sports gambler

But I feel like these kids’ books need some subversive element. We considered writing a sequel, but we both have full-time jobs and many children between us, so we decided to do something different.

You do if the book is The Rookie Bookie, which uses the fresh, somewhat edgy topic of a seventh-grader running a football betting ring to teach young readers about finance and investing. We both have daughters, and we wanted both genders to read this.

In some ways, it’s a completely different kind of writing. It’s a different exercise than journalism.

Why a young-adult book as the follow-up to Scorecasting?

Tell me about the sports betting plotline. So that had a part in it. Kids know the difference between Monet and Gauguin, and they know state capitals, and they know math, but if you ask, “What is the deficit?” they have no idea. It wasn’t just 35-year-old Sabermetrics types. They can’t all be after-school specials. It was fun.

If you’re the parent of a young, avid reader and sports fan, do you really want your kid to be reading about sports betting?

One nice thing about the book is that, although the main character is a boy, there’s a girl behind him really pulling the strings and teaching him about fantasy football, etc. I gotta say, more of it was just this enormous gap in financial literacy. So there were some things that I would run by my son and he’d say, “No kid would ever say that.” Or I’d say, “Do you know who Warren Buffett is?” And he’d say, “No, tell me.” Neither of us is a kids’ book author, so there was a fair amount of trial and error. Freakonomics was always sort of the model. building to ask him about the book and its origins. You read some of the books that our kids read, and there’s a flirtation with the subversive a lot of times. Jon Wertheim, the executive editor of Sports Illustrated and our colleague here at Time Inc, and Tobias Moskowitz, with whom Wertheim co-wrote the book Scorecasting: The Hidden Influences Behind how Sports are Played and Games are Won in 2012. This is all uncharted terrain for us.

Whether it’s fantasy sports, or being more conversant in stats, you definitely see more and more kids that are comfortable trafficking in data than when Toby and I were growing up. And then, of course, you learn your lesson in the end. Which is so nice. We had a lot of fun with Scorecasting, so then it was just a question of logistics because we both have jobs and other projects. So the inspiration was more the gaps in financial understanding. A lot of kids have probably never heard of Buffett, but he could buy every single sports team and still have money left over. And then it occurred to us, some of the basics of behavioral economics–loss aversion, omission bias–you can kind of explain to 10-, 11-, and 12-year-olds, which is what we have. You’re not waiting around for interviews and phone calls, you just kind of go. What follows is an edited transcript.

Yeah, we didn’t want to just write a boys’ book. Clearly, the two of them still had the stats bug, and sought to apply it in a new setting: young-adult fiction. There’s so little out there about financial literacy for kids. A 12-year-old should get supply and demand.

Were you guys influenced by any specific young-adult books or series?

To what extent did the rise in data journalism lead you to this? There’s FiveThirtyEight, and there’s Vox, and that whole explosion in stats.

The big moral of the story is don’t do this.

How do you know what is too much for kids to understand and what is not? For instance, early on in the book, the protagonist mentions Warren Buffett…

Wertheim_RookieBookie_HC

When you wrote Scorecasting, did you guys consciously try to make it easy for young people to understand?

When that book came out, I was surprised how many kids we heard from. It was totally out of our comfort zone, but this was the passion play.

Jon Wertheim: Well, we had written a mainstream, adult non-fiction book, and we were trying to figure out what to do next. It does seem to be this huge gap, and we said let’s try this: We’ll write a fun story and we’ll embed some sort of behavioral economics basics, and who knows. So we needed a little bit of a detour to the dark side. Fortune sat down with Wertheim here in the Time Inc. This was a labor of love, more than anything.

Not necessarily, but Toby [Moskowitz] is a star economist at the University of Chicago, so obviously this was a different kind of writing than he’s used to. You know, we had a focus group of six, and that was a bedroom of kids. You don’t want to be encouraging kids to gamble on the playground, right, so how did you handle that?

Fortune: What made you and your coauthor want to write this book?

That was a lot of the point. But I think we were both surprised by how young Scorecasting skewed.

How different was writing kids’ fiction than what you’re used to at SI?

The book, out this week, is the first children’s literature effort from L. But yeah, I mean, people will see the dollar bills raining down on the cover. Did you guys seek to make it very gender inclusive?

No… But we thought there was a void to be filled here. But then you won’t go again until the last pick of the second round.”) As Mitch and Jamie work together to run a betting ring, Mitch comes to learn a lot about finance, the business of sports, and maybe a little, tiny bit about girls, too.. We’re not advocating running a betting pool–but for authenticity’s sake, we wanted some middle school tension. Sure, you’ll get a good player. Its main character Mitch doesn’t have a crush on Jamie (he swears), but he sure listens up when she instructs him to trade away his first pick in the fantasy football draft. (“Everyone wants it, and they think it’s more valuable than it really is

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Dafabet Masters: Joe Perry defeats Ding Junhui

Picture: John Walton/PA Wire”/>Joe Perry during his match against Ding Junhui during day four of the 2015 Dafabet Masters at Alexandra Palace. Available on Sky, Virgin Media BT TV or online/mobile via eurosportplayer.com #eurosportsnooker

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Things don’t get any easier for Perry as he next faces world No 6 Mark Allen, who looked impressive in defeating John Higgins 6-4 in their first-round clash.

“But it is nice because people would always ask me ‘what’s the best that you’ve done at the Masters’ and I would tell them that I’ve never won a match.

“Mark’s a tremendous player and he’s finally starting to get to the business end of tournaments regularly,” added Perry.

SNOOKER: Joe Perry believes he has more than repaid his supporters’ faith in him after finally ending his Masters hoodoo.

That seemed to suck the life out of the Chinese superstar and the world No 13 clinched victory with another century in frame nine to set up a quarter-final with Mark Allen on Friday afternoon.

But the 40-year-old is adamant he is more than capable of coming out on top.

It was the Chatteris cueman’s first win in his seventh appearance at the event and he started strongly with breaks of 79 and 103 giving him a 3-1 lead.

British Eurosport is the Home of Snooker, showing 19 tournaments per season including the World Championship, UK Championship the Masters and all other ranking events. Picture: John Walton/PA Wire

“I always enjoy playing him and whatever happens I’ll enjoy it but ultimately I believe I can win.”

“I’ve got some really loyal supporters and they’ve really stuck by me for all these years considering I haven’t won anything, so it was great to get the win for them.”

“I’m so pleased to get a first win at the Masters,” said Perry

12Bet.com Online Gambling Site to be the Primary Sponsor of the World Snooker Open – National Billiards

We’ve made giant strides forward in the commercial success of snooker in recent months and this keeps the momentum going. This event will give our brand fantastic exposure not only in the UK but throughout Europe. All the players are looking forward to it, myself included. We are glad to be on board and are excited about the new best of five format.”

Press Release from World Snooker - September 13th, 2010. I am sure the World Open will be a great tournament.

World Snooker is delighted to announce online betting firm 12bet.com as the new title sponsor of the World Open.

Masters champion Selby added: “It’s always exciting to have a new sponsor and it seems a long time now since we had a ranking event without one. The new World Open, with a new format, new venue, and new arena, is one of the cornerstones of the new era so we’re thrilled to have a title sponsor on board.

“With over 50 hours coverage on BBC and a combined global audience reaching over 100 million, the tournament will give vast exposure to 12bet.com’s brand so it’s easy to see their motivation behind getting involved with snooker. It carries a total prize fund of £502,500 with the winner to receive £100,000.

World Snooker Chairman Barry Hearn said: “This is a fantastic piece of news for our sport at just the right time. We hope they enjoy what should be a great tournament and look forward to building a strong relationship with them.”

The nine-day tournament will feature quick-fire best-of-five frame matches and a random draw for each round.

Rory Anderson, CEO for Europe at 12bet, said: “We are delighted to add the World Open to our fast growing sponsorship portfolio. We’ll all be trying to win it and play our best snooker.”

The one-year deal will see the tournament, which runs from September 18 to 26 at the SECC in Glasgow, named the 12bet.com World Open.

Tickets are still on sale, for details call 0844 395 4000 or visit www.worldsnooker.com/tickets

The world ranking event will feature star players including Ronnie O’Sullivan, Stephen Hendry, Steve Davis, Jimmy White, Mark Selby and World Champion Neil Robertson