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Will gambling bill effect Rovers?

Will gambling bill effect Rovers?

A new bill making it illegal for banks and credit cards to process gaming payments has been passed by the US Congress, could this effect Blackburn Rovers, with them obviously sponsored by online betting firm bet24.

The move is aimed to clamp down on betting, which ultimately leads to serious financial trouble for many people. So should the bill, which has been passed in the United States, be signed into law by American President George W Bush, which is said to be highly likely, a major clampdown on online gambling will be undertaken in the United Sates of America. It would then be illegal for Banks and Credit cards to process online gaming payments from the US.

Although I'd heard of the situation I didn't really give it much thought until Vital Blackburn Rovers user Petesta brought the matter fully to my attention by posting this recent comment asking:

"What is the situation re the club's new sponsor's bet24 with the problems we have heard about in the USA for sports betting firms? Does this mean they won't have the money to pay rovers in full for the "lucrative" contract?"

From what I can make out many British based companies work in a system that goes through the US so this is already having some effect on the online gambling companies in this county, with their share prices dropping.

The system would no longer be able to work in such a way, through the US, but unless this law comes into effect in this, and other countries, although the US is major financial force and ripe with gambling it shouldn't cause too much trouble to Blackburn Rovers Football club or bet24?

I'm no expert, and may be wrong? Does anyone else know anything at all on this situation? If so please comment below or contact me direct on the e-mail in the top corner of the page.

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Click here to join in the debate on the club forum.

Writer:Walker
Date:Wednesday October 4 2006
Time: 8:59AM

Comments

0
I think your club would have had something written into the contract where by they would be compensated if Bet24 entered into any financial trouble , I can't see it affecting you guys too much to be honest ... How long is your deal for ?
dazednconfuzed
04/10/2006 09:04:00
0
You are probably right dazednconfuzed, big companies (Blackburn Rovers in this case) don't enter into deals without all options covered do they. To be honest I'm not sure how long the deal is for?
Hughes Da Man
04/10/2006 09:11:00
0
we have yet to find a long term sponsor - Lonsdale only gamae in because no-one else would, HSA were a waste fo space - Bet24 have also sponsored Leeds. I can;t see bet24 being aroung for the long haul.
Ex Ewood Resident
04/10/2006 15:00:00
0
dont CIS still sponser us they have sponserd us for a while now or do you mean head sponser "on shirt"
marshinrover
04/10/2006 15:50:00
0
Yeah, he means shirt sponsor marshinrover. You don't see many shirt sponsors hanging around with any team now really do you.
Hughes Da Man
04/10/2006 17:29:00
0
I was having a look at bet24's website the other day and Rovers hardly got a mention it seemed to be all Leeds. They are even giving a Leeds shirt away if you open an account and seeing that Leeds are in the Championship and us the Premier League I think that says it all, but at last Rovers will get a decent amount of money from them to keep paying the players silly wages.
petestan
05/10/2006 15:06:00
0
Crazy isn't it! Premier League side playing in Europe yet their own sponsor barely mentions them. No doubt they'll drop Rovers completely if Leeds return to the top flight. At least they can make the most of it like you say for now. You wait, when Rovers win something this seasn (hopefully they will!) they'll soon be braging about them.
Hughes Da Man
05/10/2006 23:17:00
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