Tuesday, August 19, 2014

NBA Doesn't See Sports Gambling Trouble in Casino Ownership



Another NBA owner is ready to also own a casino, something awfully common for a league supposedly afraid of the corrupting power of gambling and sports betting.

The National Basketball Association was one of the vital several major US sports leagues to enroll in the NFL in claiming that Delaware's plan to just accept single-game sports betting would result in potential corruption of the sport. But allowing team owners to function sports books and casinos  appears to be not a subject matter for the league.

Dan Gilbert of the Cleveland Cavaliers stands to be the newest NBA owner to be the landlord of a casino, if an Ohio ballot measure passes. After testimony by disgraced former NBA referee Tim Donaghy that gambling debts ended in his involvement with criminal figures, it's surprising that the NBA is so quick to embrace gambling.

Perhaps the variation is within the money, and who gets it. OCA sports gaming analyst Ed Crumley says owners getting rich off casinos is within the NBA's interest, while the league makes no money off the neighborhood guy placing a sports bet.

The Maloof brothers own both the Palms Casino and the Sacramento Kings, running a sports book that takes NBA bets as an issue in fact. Even without betting on Kings games, Crumley says, the Maloofs certainly are aware of information not available to the overall public.

Harrah's Entertainment CEO and President Gary Loveman owns a work of the Boston Celtics. The specter of gaming operators owning the sports books accepting wagers at the teams they control is handled by the NBA refusing Loveman the correct to take Celtic plays; Harrah's accepts bets at the remainder of the NBA.

"Obviously, the NBA doesn't really believe within the dangers of close ties to sports betting," says Crumley. "Instead, their actions indicate a choice to disclaim fans the pleasure of sports gambling simply because there's nothing in it for them."

Published on September 19, 2009 by MattMiller


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