A man whose gambling addiction had landed him in prison is taking on the sports-betting industry in Germany. Thomas Melchior goes to German football league matches holding a sign saying “lost a bet” while putting himself at the mercy of the home fans by wearing their hated rivals’ jerseys to get attention. Melchior wore a…
Sports betting company FanDuel has agreed to pay approximately $5 million to the Jacksonville Jaguars as restitution for more than $20 million that a former employee stole from the team to transfer to the sportsbook, ESPN reports. Amit Patel, who worked in financial planning and analysis for the Jaguars from 2018-23, was charged with one…
Hong Kong authorities should use revenue from the legalisation of basketball betting to set up a fund for sports development and boost counselling services for gambling addicts, a leading think tank and an NGO have proposed. The city’s largest think tank Our Hong Kong Foundation on Friday urged the government to inject earnings from basketball…
Legalising basketball betting could add HK$2 billion (US$257.2 million) in duties to government coffers annually, Hong Kong’s finance chief has said, although observers have raised concerns about the promotion of gambling and related youth problems. Financial Secretary Paul Chan Mo-po revealed in his annual budget speech on Wednesday that the government had invited the Hong…