European Commission takes up online gambling sponsorship case

According to reports in the Financial Times in Britain, the Tour de France cycle race has been hit by controversy not over drugs but gambling, with a team banned for being sponsored by an online bookmaker. And the European Commission is taking an interest in the issue.

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Mon, April 30th, 2007

Related Gambling News:

Do you know that:

  • As early as 1420, lotteries were used in Europe for public works. High-value commodities such as land and art were often sold through lotteries.
  • In 1978, New Jersey became the second state to legalize casino gambling in an attempt to revitalize the rundown resort area of Atlantic City. The legalization was restricted only to Atlantic City.
  • The first World Series of Poker was held in downtown Las Vegas at the Horseshoe Casino back in 1970. Then owner of the Horseshoe Jack Binion, hosted the very first one and has agreed to host upcoming World Series of Poker Tournament Circuit. Jack Binion said that is purely honorary and plans on doing other types deals and events in the future.
  • Parimutuel wagering refers to the type of gambling where the total prize pool is based upon the amount of money wagered. The more money gambled, the bigger the prize.