CLSA hedge fund bets on electric cars, China wind | Reuters

“People want electricity — coal as power generation needs to be addressed,” he said.

(Additional reporting by Kevin Lim; Editing by Rupert Winchester)

“Asia leads on battery development, solar panel production, and it’s soon to lead in installations with China,” he said. He said the areas investors were most interested in, because of the potential scale, were transportation and power generation.

He said Asian countries were in various states of moving toward such cleaner economies, with Japan leading the globe in making its manufacturing more energy-efficient after the 1970s oil shocks, China building more nuclear power capacity than anyone else, and India studying how to avoid polluting its ground water.

Chile’s SQM is the world’s top lithium producer and experts say a lithium boom may be coming. The fund has a large exposure to Japan, home to electric car leaders such as Toyota and Nissan as well as battery firms Panasonic and Hitachi. Automakers and battery firms are now seeking tie-ups.

“This trend is going to continue for the foreseeable future, because resources are constrained — the atmosphere has been used as a dump for free,” said Pidden on the sidelines of a UBS hedge fund conference.

China expects wind capacity to hit 100 gigawatts by 2020. “Asia will lead the world in the development of these products.”

Pidden said the firm was betting on existing technologies and did not like to take technology risks. Vestas is the world’s biggest maker of wind turbines, while Chinese industry suppliers include gearbox maker China High Speed Transmission and China Wind Systems.

CRA, part of Asia-focused brokerage CLSA, manages $100 million of assets spread over several funds, including a long-short fund that invests in clean tech equity and a more focused fund dedicated to clean water.

“The era of oil will be over by 2050 because we will have electrified the transportation system,” Pidden said confidently.

“We believe in 10 years there will be a lot of wind off China and South Korea,” he said. Bolivia holds 50 percent of the world’s lithium deposits, but extracting it may be a challenge.

A move to fully electric cars would completely change the auto supply chain, from different raw materials such as lithium for batteries to more consumer financing for the higher initial purchasing cost and less need for a spare parts industry.

SINGAPORE CRA Management, a clean-technology focused hedge fund manager, is betting on offshore wind, electric vehicles and cleaner coal, all technologies that it sees taking off on a massive scale in Asia.

“In 15 years there will be drop in demand for oil as a transportation fuel,” he said.

CRA has beaten indices such as the MSCI index of Asia-Pacific stocks traded outside Japan since its inception in August 2006, Pidden said without giving details, though many clean-tech funds dived last year.

By Neil Chatterjee


Andrew Pidden, managing director of the Singapore-based firm, said the world will move toward a low energy and low carbon economy because of several large drivers — the rising cost of energy, the desire to clean up the planet and a push from consumers for green products.

Professional Arbitrage Trading

Strategic Overview

Being a professional sports arbitrage trader is by no means easy but if you’re willing to put the time and effort into it, you are likely to see a good return on your investment and even being rewarded with life changing money. I will then take you through a strategic overview of the setting up process before going into the specific details.

Understanding the overall approach to getting started, I will then work through the systematic approach in detail. with short answers to a range of common questions, and many links to more detailed articles published in the SAG blog.

A professional sports arbitrage trader can make more than $10,000 each month. I will work on explaining how to systematically fund your books, leverage your freebets and bonuses, and gradually build yourself a well established arbitrage setup. There is a lot to read, and for that I apologise, but this is a whole career you are about to start – a career than can earn more than $100,000 per annum tax free. 1. Similar to online betting or any casino related profession the strategy implemented in sports arbitrage trading is vital and plays a key role in determining the winning results.

Assuming by this point you have gone through the introduction and you understand what arbitrage is, and that you know about alert services, e-wallets and bookmakers, I will start to connect the dots for you now in this section.

2. This section of Sports Arbitrage Guide intends to take you through the process of starting out small and growing into your own distinct style of ‘professional’.

It is worth reading the entirety of this section before getting started, so that you know what to expect at every stage of the process. Detailed Explanations

At the end of it all there will be a F.A.Q. What’s a little bit of reading really?

3. The ongoing process will then be expanded upon, and some ideas about how to diversify into your own profitable strengths will be explored.

Related Articles:. Wrap Up

First up I will explain why arbitrage trading is worth thinking about in the first place, even though there are some restrictions

Thing’s To Do In Vegas When You’re Wed

There are those who would choose to play it safe, and never take the chance at rolling the dice, but where’s the fun in that. Booze is free as long as you are gambling, but be sure to give the girl a tip when she brings it. If you are not dead set on a weekend wedding, then you can save some money tight of the bat. Sure you may roll snake eyes every once in a while, but there is also the chance that you will find blue eyes that you would be willing to stare into until you draw your last breath.

A Little Fun After The Wedding.Eat, drink & hang with the stars.

If you are heading to Vegas with the sole purpose of getting married, then you are missing out on a great opportunity to have some fun. Best of all, they will put together a package that includes flowers, video, photos, a limo ride to and from your hotel, and even a live internet feed so that family can watch, no matter where in the world they are located.

It’s always best to wait until the last night to have some gambling fun, as you know exactly how much money you have left at that point, and it’s wise to never bet more than you can afford to lose. The hotel is beautiful in itself, but when the music starts to play, and the water starts to dance, it becomes a moment that truly encapsulates the romance of Vegas, and perhaps explains why so many are drawn there to wed.

A Little Gambling AdviceSave it till the end.

Heading to Las Vegas to get married is a wholly different proposition than going there with a bunch of the boys, or girls, and the goal becomes avoiding trouble rather than seeking it out. Many of them have really cool little features inside, such as gondola rides at The Venetian, and an indoor thunderstorm at Planet Hollywood, but it’s actually fun to just take a peek into some of the shops. Folks in Vegas can’t resist a newlywed, and you’ll have no problem talking them down, especially if you gush about how beautiful your new wife is.

A newlyweds guide to Sin City.

Las Vegas is a city that’s not exactly known for its romantic side, yet hundreds of thousands of people flock there very year to tie the knot. Las Vegas hotels will up their rates for the weekend, which means that you can get a great hotel like the Luxor at an incredible price if you are willing to forego the weekend.

The same rules apply for flights, and a Monday departure will not come anywhere near as expensive as a Friday or Saturday flight. And then there are the chapels; hidden among the drive-thru wedding places and chapels that have fat Elvis marry you, there are a few real gems. I understand that doesn’t necessarily make it free, but it’s a lot less than you would pay at the casino bar.

The Vegas Strip looks totally different without the neon glow, but if you take your time to stroll up and down the street, you can see a lot of things you would otherwise miss at night. People tend to think of Las Vegas as a place that comes alive at night, with nothing to do during the daytime but sit and gamble. It’s best to get down there a day or two in advance so that you don’t have to stress about it on your big day.

There is some fantastic daytime musical entertainment in the casino’s and bars that line the Strip, all of which are free for anyone to go in and watch. There are Elvis’s everywhere, but keep your eyes peeled and you might just land a cool photo op that will fool your friends.

A Little Romantic TimeVegas by night.

If you are looking for a perfect way to get out of the desert heat for a bit, then it’s fun to explore the inside of the hotels. That doesn’t mean that you shouldn’t enjoy some of the city’s sins, and the easiest way to do that is with a spot of gambling. The show runs every 15 or 20 minutes, and the key is to get there early so that you can get a spot near the front. This offers a great opportunity for you to test your haggling skills, as most shop owners are more than willing to negotiate a price on anything in their store. There are a lot of unique stores located inside the Las Vegas hotels, and they never ever seem to be crowded. If you would like to have a drink while you dance, then hit the nearest slot machine, drop a few quarters, and wait for the waitress to come and take your order. A little advice first though; make sure to take a couple of rolls of quarters and some single bills with you, as this will allow you to drink on the cheap. . Instead, I recommend finding a slot machine game that is fun (Monopoly is my personal favorite) and then sitting side by side and playing together. 

A lot of huge celebrities visit Vegas regularly, especially on a big fight night, but by day your best chance of cozying up to a star is to get your picture taken with one of the look-a-likes. That doesn’t mean that the new happy couple should split whatever money they have left and go their own way. Vegas vacation packages tend to either run from Thursday to Sunday or Monday to Thursday, with the latter costing much less. It’s amazing what you can find, and maybe you’ll even be lucky enough to find a great, affordable piece of art that looks just like your new bride. Gambling is a lot like love; you can’t win if you don’t take a chance. If you are looking to save time as well as money, then try to locate a chapel that is close to city hall, as you will have to take care of all your marriage licenses and paperwork, then drop it off at the chapel. That perception is generally spoken by people who have never been, or whom partied a little too hard at night and missed everything that the daylight hours had to offer.

The magic of Las Vegas truly is at night though, and if you want a special moment with your loved one, where you can seem to feel as though you are the only people there, despite being surrounded by a throng of tourists, then I suggest the water show at the Bellagio Hotel. It may seem odd that a city that sells itself on sin should open its arms to those looking to make an honest woman out the one they love, yet they keep on coming, and when you really think about it, getting hitched in Vegas isn’t such a crazy idea.

A Wedding & Honeymoon All In One

Las Vegas is actually a great place to get married for the couple who are on something of a tight budget


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Panasonic va fournir tout un ensemble de solutions et d’équipements à l’occasion des Jeux olympiques et paralympiques de Rio 2016

Elle exploite actuellement 474 filiales et 94

sociétés associées à travers le monde, et a enregistré un chiffre

d’affaires net consolidé de 7,553 billions JPY pour l’exercice clos

le 31 mars 2016. La traduction

devra toujours être confrontée au texte source, qui fera jurisprudence.

Panasonic installera également ses écrans vidéo LED et ses systèmes

vidéo sur les sites de compétition, dans le cadre de la plus grande

installation tous Jeux olympiques confondus de toute l’histoire de la

société. Dans le cadre de Rio 2016,

Panasonic a signé un accord de partenariat avec l’organisateur afin de

devenir un « Partenaire officiel de cérémonie » et de fournir une

solution visuelle clés en main, allant de la conception du système à

l’opération de mapping vidéo, pour le projet des cérémonies des Jeux

olympiques et paralympiques de Rio 2016. Pour en savoir plus sur Panasonic, consultez :




Système d’affichage LED sur grand écran

35 sites,. Il

s’agit du plus haut niveau de parrainage dans le cadre des Jeux


Par le biais de sa coopération avec le Comité international olympique

(CIO), le Comité international paralympique (CIP), le Comité

d’organisation des Jeux olympiques et paralympiques de 2016 (Rio 2016)

et l’Olympic Broadcasting Services (OBS), Panasonic fournira son

matériel visuel de pointe pour les cérémonies d’ouverture et de clôture,

les sites de compétition et les sites de diffusion.

TOKYO–(BUSINESS WIRE)–Panasonic Corporation, le partenaire officiel international des Jeux

olympiques et paralympiques dans la catégorie Équipements Audiovisuels

pour les Jeux olympiques de Rio 2016, a annoncé aujourd’hui la gamme

complète d’équipements et les nombreuses solutions que la société va

fournir en soutien à l’organisation des Jeux olympiques et paralympiques

de Rio 2016.

Le texte du communiqué issu d’une traduction ne doit d’aucune manière

être considéré comme officiel.


[Matériel AV fourni pour les sites de compétition]

* TOP signifie « The Olympic Partner » (le partenaire olympique). La société, dont la mission est d’établir une nouvelle

valeur par le biais de l’innovation à travers ses divisions, utilise ses

technologies afin de créer une vie et un monde meilleurs pour ses

clients. La société

fournira un grand nombre d’appareils de télédiffusion, tels que la

caméra d’enregistrement AJ-PX5000G contenant les codecs AVC-ULTRA. Panasonic fournira environ 110

de ses projecteurs compacts haute luminosité de 20 000 lumens

(PT-DZ21K2), des mélangeurs de diffusion 2-M/E (série AV-HS6000), ainsi

qu’une gamme complète de systèmes visuels afin d’élever les cérémonies à

un niveau sans précédent de divertissement grâce à des images d’une

qualité impressionnante, l’objectif étant que les spectateurs au

Maracana, stade emblématique du Brésil, et le public du monde entier

assistent aux plus belles des cérémonies du monde à Rio de Janeiro.

En plus de ses écrans d’affichage et systèmes AV, Panasonic fournira

également des solutions clé en main afin d’ajouter du piquant à la

présentation des sports de compétition pour les spectateurs et d’aider

les juges grâce à ses systèmes AV d’arbitrage vidéo pour la première



[Matériel de diffusion fourni aux diffuseurs]

72 écrans, 1 886 m2

Remarque : y compris les sites en relation avec les Jeux olympiques, tel

que les sites de compétition, le Village des Athlètes, le Centre de

presse principal et les sites officiels de diffusion en live.

Site Web :

Facebook :




Enregistreurs HD

Environ 100 unités

Caméras d’enregistrement

Environ 100 unités



Environ 1 300 unités


À propos de Panasonic


Corporation est un leader mondial spécialisé dans le développement de

technologies et de solutions électroniques diverses destinées aux

clients actifs dans les domaines des produits électroniques grand

public, du logement, de l’automobile, des solutions d’entreprise et des

dispositifs. La seule version du communiqué qui fasse

foi est celle du communiqué dans sa langue d’origine. Depuis sa création en 1918, la société s’est étendue à

l’échelle mondiale.

Depuis les Jeux olympiques de Barcelone en 1992, les Jeux olympiques de

Rio 2016 seront les 12e Jeux olympiques de suite aux cours desquels la

technologie numérique de Panasonic sera utilisée en tant que format

d’enregistrement officiel.

Systèmes audio professionnels

41 sites


Environ 15 600 unités

Projecteurs DLP pour les cérémonies

Environ 110 unités

Projecteurs DLP

Environ 210 unités

Caméras d’enregistrement

Environ 40 unités

Mélangeurs live multi-formats


Environ 70 unités

Partenaire olympique international officiel


est fière de soutenir le Mouvement olympique – qui vise à promouvoir la

paix dans le monde à travers le sport – en qualité de Partenaire

olympique international officiel dans la catégorie Équipements

Audiovisuels depuis plus de 25 ans, c’est-à-dire depuis le début du

programme « The Olympic Partner » (TOP) qui a été lancé à l’occasion des

Jeux olympiques d’hiver de Calgary en 1988. Les besoins en écrans vidéo augmentent constamment aux Jeux

olympiques et ces écrans sont indispensables aux visuels des stades,

pour pouvoir montrer des images gigantesques des Jeux grâce à la

commutation vidéo numérique multifonctionnelle.

Le système de caméras de télédiffusion P2HD de Panasonic a déjà été

choisi comme matériel d’enregistrement pour Rio 2016. Sous la devise « Sharing the

Passion » (Partager la passion), Panasonic va contribuer au succès des

Jeux olympiques par l’intermédiaire de sa technologie.

Panasonic contribue aux Jeux grâce à sa technologie audiovisuelle de

pointe depuis plus d’un quart de siècle

Secrets And Tips On How To Win At Any Type Of Gambling

It is not much fun when a person is always on the losing end. Although, never expect to win all the time, which barely happens.

Article Directory:

Do not be overly greedy, because being greedy might give a person a couple of dollars more, but being overly greedy might cause that person to lose all their money. When a person loses, go back to the least bet. Get the probability and ratio of their winnings and losing. If a person thinks that they are on the brink of losing, then do not bet.

Watch the trend, people should be attentive to their winning and losing trends. Use it rather than straight betting. If people can not afford to lose their money, stay away from gambling. A person can have the edge by investing on good books or download tips and secrets on the Internet. Casinos, poker rooms, sports betting, or even arbitrage betting and if a person picks one type, master it.

Contrary to the usual belief that people gamble solely on pure chance and luck, adding in a little mathematics and some proven game strategies will not hurt. Use only one value chip in case a lost occurs in one round, add another chip to the wager. On every win, decrease the bet by 2 chips. This is the way to a big payoff.

Know the right type of gambling to choose.

Set a minimum bet in every game, and after a win, bet only half of the pot that was wagered in the previous round. A person will lose some money, and win some money.

By: James M Murray

James Murray is a successful writer and online Search Engine Optimization (SEO) and Search Engine Marketing (SEM) expert providing valuable tips and advice for those interested in seo and sem strategies. If a person wins a bet twice in a row, go back on betting one chip. What matters more are their total net winnings?

For example black jack, it is just like poker, there is a strategy card that a person can refer to beat the other players. Always check the odds, and choose a betting game that has 3 percent or less casino advantage. This is often regarded as progressive betting. There is no such thing as the greatest strategy but there are proven ones.

Being optimistic will muster some confidence in that person and they will win those dollars. His numerous articles found on the Internet, provide useful and factual seo and sem information and insight.

Learn about the game, read related materials of the game such as basic rules and tips. Some of his websites are,,

Stick to a strategy, and pick a strategy that works best. Doing so, a person bets more on the winning hands than they would do for the losing hands. Among others, popular games are poker and black jack and craps.

Keep in mind that winning does not mean a person has to win a bet every time. A person can make some serious money at betting, and people have even become very rich from gambling. There are hundreds of gambling games that people can try for themselves. This attitude would keep a person betting until they get some good winnings.

Gambling can be full of excitement and fun. Collate all known gaming strategies and select the one that is effective and works.

There are some secrets to win any kind of gambling. As the old cliché goes, knowledge is power. In fact, it can guarantee a person a good pay out

Business News, Personal Finance and Money News

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Automatic emergency braking can help prevent car crashes or reduce their severity by…

The agreement announced today affects nearly all light-duty cars and trucks with a…

This agreement will expedite automatic emergency braking standards three years faster…

Every time a new safety technology becomes standard on modern cars it adds to the costs…

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Negative Effects of Gambling

Their mental state can even lead to suicidal tendencies.

? An Austrian study said that around 1 in 5 suicidal patients had a gambling problem.

You could be at gunpoint or holding the gun. They tend to stay away from their near ones, resulting in distrust between them and their loved ones.

? Similar to how an individual keeps consuming substances like drugs or alcohol to experience an altered mental state, he continues to gamble. Thus, gambling practices cause a huge financial burden on the families of the affected and on the society at large.

? Additionally, rehabilitation and public assistance systems are taxed.

Gambling refers to the betting of money on an event with an uncertain outcome, with the intent of winning additional wealth. Over time, it becomes a habit, and eventually an obsession that can’t be overcome. A study by the same university suggested that 73% of the individuals who are imprisoned are found to be problem gamblers.

? Substances of abuse are served at casinos and in pubs and clubs, thus increasing the likelihood of gamblers consuming them. ? A majority of those addicted to gambling have substance abuse disorders.

? The costs of treating compulsive gamblers are huge. A recreational activity is supposed to be refreshing and relaxing, but something like gambling is contrary to the very purpose of recreation. The two go hand in hand. According to the National Research Council, 10 to 17% of the children of problem gamblers have been abused and so have 25 to 50% of the partners of problems gamblers.

? Apart from absence at work and drop in efficiency, a common observation is that gamblers tend to steal money and engage in fraudulent behavior to recover from financial losses incurred when gambling, or to get more money to bet.

Mental and physical health problems, financial issues, and conflicts in the family are among the common negative effects of gambling. Their debt keeps building and it may reach an amount that exceeds their capacity to repay.

? Gambling can lead to criminal activities. Betting is a mentally taxing activity, and as one goes on risking more and more money, anxiety starts building.

? People continue gambling with the greed of winning money. It causes a decline in his/her work performance, thus hampering his career.

? Children of parents who are problem gamblers or gambling addicts tend to feel abandoned and angry, further increasing stress and leading to strained family relations.

Initially, one looks at gambling as a way to run away from life’s problems, or from stress, anger, and loneliness. Some take to substance abuse to supplement the high they get from winning huge sums while gambling. Addiction to gambling, coupled with substance abuse can make the gamblers physically abusive towards their family. The decision to gamble money is based on three parameters namely; how much to bet, the predictability of the event, and the conditions agreed upon, between the gamblers. It can drag you into crime, gambling isn’t fun.

? Studies show that children with a sibling or parent addicted to gambling, are more likely to take to substance abuse.

? They start borrowing money and take secret loans. It only leads to a thoughtless expenditure of money and valuables.

? According to the University of New York, in people with alcohol use disorders, the chances of developing an addiction to gambling are 23 times higher.

? The addiction to gambling can leave one in bankruptcy. This proves to be detrimental to their social and family life. The stress of risking huge amounts of money or the frustration after losing it can increase the tendency of abuse in gamblers. Sports betting and arbitrage betting are the other types. Six to eight million people in America are estimated to have a gambling problem.

Compulsive gambling leads to bankruptcy

? Gambling has proven to be addictive. Card games, coin tossing, and dice-based games are some non-casino based forms of gambling. The addiction has negative effects on one’s physical and mental health and it proves to be detrimental to one’s social, personal, and professional life. To add to the so-called merry atmosphere, gamblers often smoke or drink while playing.

? Problem gamblers and addicts tend to abuse their family members. The National Council of Problem Gambling (NCPG) describes this type of gambling behavior as problem gambling.

? Gamblers often exhibit mood swings and a strangely secretive behavior. In spite of the losses incurred, they continue betting. The skill of a gambler lies in weighing the three parameters and making a decision about what amount should be staked and how much should be expected in return.

? Gambling at the cost of one’s job results in a decline in the quality of his professional life. The addiction gets on to the gamblers to such an extent that they fail to think wisely before acting. The addiction robs a gambler of all the productive time and leads to loss of efficiency at work. It soon becomes a habit that can’t be broken.

? Over time, the practice of gambling starts becoming a habit and begins to have damaging effects at psychological, physical, and social levels. The effect is similar to that of having a drug or a drink, which is why gambling changes one’s mental state and mood.

? According to a research by NCPG, 76 percent of problem gamblers are likely to have a major depressive disorder.

? According to a study by the George State University, 50% of the problem gamblers commit crime. Some go that way to forget the sorrow of losing big sums when gambling.

Gambling = Thoughtless Expenditure + Waste of Time

? People who fall prey to gambling tend to remain away from their families and waste money on other bad practices. The greed never ends and they keep betting more and more. The addiction leads people to continue with gambling irrespective of whether they earn or lose in the deal. In the following sections of this Buzzle article, we discuss the negative effects of gambling on the individual and society.. Due to lost mental peace, they may ill-treat their spouse and children. When they lose the money they had risked, they further gamble to recover the lost amount and it becomes a vicious circle even they can’t escape from.

? Research has shown that gambling can lead to harmful behavior in people. Because of this, they land in worse situations and take the wrong decisions in life.

Games offered in casinos, table games like poker, Red Dog, and Blackjack, as also electronic games like Slot Machine and Video Poker are some of the common types of gambling. On giving a serious consideration to the negative effects of gambling, we realize that it is best avoided.

? The stress from gambling may lead to health issues like ulcers, stomach problems, muscle pains, headaches, and problems with sleep.

? As gambling leads to increased criminal activities, in a way, gamblers add to the burden on prisons and the legal system.

? Addiction to gambling has been linked with substance abuse. Forget satisfaction or peace, it is not even refreshing in the real sense. Rehabilitating the gambling addicts needs money and time, and the process is not very easy. Thus, gambling can have a grave economic impact which is difficult to reverse.

? Gambling is practiced as a means of recreation. They engage in gambling activities at the cost of their time with family and friends

Free Fantasy Sports Streak Games and Contests with Cash and Prizes

We have found that during basketball season it was much easier to find a good pick than it has been during baseball season.. If you get it wrong, your streak resets to zero. You do not have to pick everyday, but you must pick once every six days to keep your streak alive.

Many of the picks are not just picking which team will win. It doesn’t take a lot of time and it is a contest that a smart sports fan has a reasonable shot at winning. If you get your pick correct, your streak goes up. Other prizes are available for smaller streaks. Each day you can make one pick from a list of games that chooses. is a sports betting information website that runs a free streak style contest with a top prize of $100,000. See the table to the right for a breakdown of the prizes.

Only having the option of picking one game a day makes this contest one of my favorites. My longest streak was seven in a row and my girlfriend had 11 in a row during basketball season. Basketball and football include picking ATS (against the spread), which makes the closest thing to actually betting on sports on this list.

The ultimate goal is to build a streak of 24 correct picks for the overall grand prize of $100,000

5 myths of sports betting legalization

Are fewer people gambling because they can do it in their home state?

There is simply no way the leagues could ask for a percentage piece of gambling revenue, as this would result in a huge conflict of interest. This is the type of financial recklessness associated with problem gambling.

Those who believe this simply don’t understand how sports betting with a bookie works. Second, operators will need to run a cost-effective business, which may prove difficult if there are a lot of other hands to feed besides the government.

Furthermore, once sports betting becomes legal the negative stigma behind it will eventually disappear, which will make it a bit easier for problem gamblers to ask for help. In the past two decades, although total revenue has risen, percentage of revenue from gambling has decreased from close to 60 percent to last year’s 38 percent. However, there are certainly some myths that I believe can be dispelled.. This is not how most bookies work. bookmaking powerhouse William Hill has already set up an operation in New Jersey, and MGM CEO Jim Murren has said his company is interested in expansion.

In that time span, we all know that Vegas has flourished. John McCain (R-Ariz.) also recently said that Congress needs to hold hearings to discuss legalizing sports betting.

Myth No. Concerts, shows, high-end nightclubs and restaurants draw people to Vegas as much as the gambling does. This mirrors a similar concern that some had 25 years ago when Indian and commercial casinos began sprouting up all over the U.S.

Myth No. The two biggest reasons people bet with bookies (beyond the lack of alternatives) are the convenience and the line of credit. How will it be regulated? How involved will the government be? Will it be federal enforcement or on a state level?

Myth No. If it’s legalized, there will be huge changes, but some assumptions are simply off.

Mr. In fact, there’s an argument that exposing more people to sports gambling in their native states will make the general concept of sports gambling more approachable, ultimately leading to a larger overall percentage of sports fans-turned-gamblers.

There are a lot of unanswered questions regarding legalization of sports gambling in the U.S., and it will be fascinating to watch how it unfolds in the next few years. These days, most bookies provide both a phone number and website where bets can be made. (It’s common for bookies to offer rebates to their big customers.) This will be difficult for legal bookmakers to compete with.

The real value for them will be potential marketing dollars and increased fan engagement, not licensing fees for data or direct revenue from wagering.

And I have heard some mention licensing fees for data, but haven’t we already covered that in lawsuits against both the NBA and Major League Baseball Advanced Media (MLBAM)? In both cases, statistics and data were ruled to be public, not a private asset for which the leagues could charge a license fee.

At any rate, I really don’t see legalized sports betting in other states having a big impact on the sports betting business in Vegas.

When I think about the best way to legalize sports gambling from a logistical standpoint, I get a headache. 2: It will create more “problem gamblers”

Silver echoed this sentiment when discussing his personal revelation in an exclusive interview with ESPN. The U.S. This year, it is on pace to welcome a record 40 million visitors. Since sports gambling is currently something that happens in the shadows, problem gamblers are likely to hide in that shadow until it is too late.

“One of the things that makes sports betting so interesting is that it is probably by far the most widely participated in form of illegal gambling. 5: It will create greater risk for game fixing

Once games happen, the stats are public domain. 3: It will put local illegal bookies out of business

In the most relevant case, CBC, the parent company of CDM Sports, a fantasy provider, sued MLBAM after being denied a new fantasy sports license. In addition, customers are far more inclined to place a wager when they don’t have to put any money down.

The thought process here is that with legalized sports betting available locally, there will be less interest in making the trek to Sin City to wager on sports. operation for the U.K. Maybe more so.

In addition, game fixing would be easier in a world where fewer people track or are even aware of things like point spreads and over/under bets. Yes, trademark images and logos would be a different story, so I could see the leagues getting marketing deals, but I don’t see that as a huge windfall for the leagues.

My answer is a solid maybe. Those who believe that legalized sports betting will lead to more risk of game fixing simply don’t understand why games are fixed. Some are based on a time frame, while others are based on going over agreed-upon limits. First off, the government will only legalize if it is going to get significant revenue. 1: It will result in large revenue for the leagues

The National Council on Problem Gamblers has found that problem gamblers are most often involved in illegal gambling, so moving toward a model where more gamblers are doing it legally can only help.

Myth No. Legalized sports betting would elevate these now somewhat esoteric notions into the mainstream conversation about sports. District Court Judge Mary Ann Medler ruled in favor of CBC, stating that “statistics are part of the public domain and can be used at no cost by fantasy companies.” One would infer that the same would apply to legal bookmaking operations.

Until many of these questions are answered, it will be difficult to draw any hard conclusions about the ramifications of legalized sports gambling in the U.S. There are going to be a lot of hands in the cookie jar. Many bookies will allow me to get more credit and continue to gamble. Illegal gambling is one of the factors that’s associated with gambling addiction,” Keith S. U.S. “The Donaghy controversy also made me aware how important it is that we have a way of monitoring irregular activity on our games,” Silver said. It’s a pretty reasonable assumption that it’s easier to fix a game in an environment where most of the money wagered is impossible to discover or track by the government. “But for the FBI knocking on our door and notifying us about Donaghy’s betting, none of the systems that we then had in place had captured any betting by Tim Donaghy.”

Here are the top five myths about legalizing sports betting and why they’re wrong:

I understand the argument that legalized sports betting could expose more people to gambling and the increased ease and access will create more problem gamblers, but I simply don’t buy it. 4: It will damage the sports betting business in Las Vegas

I see the same trend happening if sports betting gets legalized in the U.S. If something shady were to occur in a game around a betting proposition, raised awareness by the public about gambling in general would help highlight any improprieties before, during and after the match.

Since bookies will not have to pay taxes or licensing fees, they will be able to offer better margins or incentives to their customers. Say I set up an account with Legal Sportsbook A. Sen. This credit relationship will be hard for many gamblers to give up.

This is the easiest myth to dispel. I will likely have to put money on deposit to do so. In order to grow the pie large enough, these conveniences must be provided to gamblers. Illegal sports betting has some characteristics that can lead to problem gambling more than legal betting would.

Those betting with bookies have predetermined settlement terms. There are no credit checks or margin calls until it is time for me to pay.

Here’s an example. The experience of going to Vegas is becoming less and less about putting down a sports bet and more and more about the experience of everything else. But let’s say I have a bad losing streak and end up down more than $1,000. In addition, asking for a percentage based on the overall handle (total amount wagered) will cut into the margin of the sports books too significantly.

The topic of federal legalization of sports betting has been brought up before, but it has gained steam since Adam Silver’s November New York Times op-ed and after Silver’s cover story in ESPN The Magazine’s Gambling Issue.

While it seems that the question of legalizing sports betting presently is more of an if than a when, there remains a great deal of uncertainty regarding what it would look like. Purdum, an expert on the subject, has been vocal in his belief that online sports gambling will need to be a big part of the new legalization plan, and I share his belief, as betting on a phone and computer is simply much more convenient than driving to a brick-and-mortar sports book and making a wager. I am concerned that the overall pie, even with online gambling, may not be large enough for the leagues to make the money they are hoping for.

Las Vegas sports book operators are already looking to expand to other states. When I lose this money, it’s gone, and I can’t bet until I put more money on deposit. Vegas has had to reinvent itself as a place that is about more than just gambling. Whyte, executive director of the NCPG, told my ESPN colleague David Purdum.

Myth No. In the latter case, I set up a credit arrangement with Illegal Book B and we agree that I will pay every time I go over $1,000