This is an important one for our industry. BoS seemed to have some organized crime ties, (hence the racketeering charges) and it seems pretty clear that SportingBet isn’t in the same boat. It is also interesting that this is being brought up by the state of Louisiana (nothing more important to focus on?), rather than the Feds. Seems like the feds wouldn’t want this to be the case, since precedent could be set by a weaker case. If SportingBet wins this one, it seems to set a clear path for the rest of the industry (the one’s who operate on the up-and-up that is).
Also, I am wondering about the $12B figure that we hear thrown about so much. SportingBet is reporting $1.2B in turnover, so that makes them 10% of the entire market. If that is truly the case, these guys control a lion’s share of the industry. Either that, or the $12B number is actually too low. I am apt to believe the latter given that 888, PartyGaming, FullTilt, PokerStars and many others seem to be so large themselves. Could be true I guess, just hard to believe that anyone has 10% marketshare of the entire online gambling industry.