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The Bernard Lee Poker Show (3/9/21): Daniel Buzgon


Daniel Buzgon
In this episode of The Bernard Lee Poker Show on the Cardplayer Lifestyle Podcast Family, Bernard Lee interviews six-time WSOP Circuit ring winner, Daniel Buzgon. The New Jersey native initially attended Arizona State University for golf management. However, he began to play poker and decided to give it a go after graduation. Since then, Daniel has earned over $6 million ($2+ million live and over $4 million online). He has also captured six WSOP Circuit rings, including two over three days last month in the recent WSOP online Circuit series. Additionally, Daniel was part of the initial season of Pokerithm.

0:00
Welcome to The Bernard Lee Poker Show as this week’s guest is six-time WSOP Circuit ring winner, Daniel Buzgon.

0:03
Bernard discusses 2021 WSOP Circuit that will all be played online.

2:50
Triton Poker Tables Ad

3:48
RunGood Gear Ad

4:30
Bernard welcomes six-time WSOP Circuit ring winner, Daniel Buzgon.

5:33
Daniel joins The Bernard Lee Poker Show.

6:36
Daniel discusses how he got started in poker.

13:38
Daniel talks about his initial success in poker at the 2008 WSOP Main Event and 2011 WPT at Borgata.

24:05
Daniel recalls finishing runner-up in back-to-back WSOP Circuit events at Harrahs’s AC in December 2014. Then, Daniel remembers winning two rings at Harrahs’s AC in March 2017.

27:54
Triton Poker Tables Ad

28:52
Learn WPT Ad

29:38
Bernard continues his interview with six-time WSOP Circuit ring winner, Daniel Buzgon.

31:06
Daniel discusses the boom of online poker during COVID-19 pandemic.

34:51
Daniel talks about capturing two WSOP Circuit rings in three days.

38:05
Daniel discusses the two huge field events that he won at the Borgata and gives advice to the listeners.

46:16
Daniel discusses his experience with Pokerithm.

49:56
Daniel talks about his poker plans for the rest of this year.

The post The Bernard Lee Poker Show (3/9/21): Daniel Buzgon appeared first on Cardplayer Lifestyle Poker.

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Pros Of Being A Professional Poker Player

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pros of becoming a professional poker player
Being a professional poker player is a daring as well as exciting decision. If you’re successful at the game and want to quit your day job to become a poker pro, it’s an enticing opportunity. However, be warned: Poker strategies and rules are difficult to work, that isn’t for everyone. If you consider taking a risk to become a professional poker player, you should please ensure that it is an educated choice. 
Here are some pros of becoming a professional poker player that might encourage you to take the next step! 
Professionally Pursuing What You Love
One of the most prevalent desires in the world is to do something that you love professionally. For anyone in the poker community saying that there’s profit in this, they’re certainly not doing it only for the money. They love the game and have passion for it. For those who don’t have that, must understand that it is a skill game and requires practice to get better. This is what encourages them to put in the research time required to excel and achieve success through the downtrends.
Self Determination And Versatility
Poker players set their own schedules which is a great thing for any professional in any field of work or sport. To stave off poker exhaustion and keep you going, getting this independence will go a long time away. Also, you’ll only be accessible to yourself. Versatility is something that is quite limited in a number of professions nowadays and there’s nothing quite like poker tournaments when it comes to versatility. That’s not to suggest, of course, that it’ll be straightforward. The assumption is that when you do so, no-one will be blowing down your neck.
Earning Big Money
There is still a lot of profit to be gained by playing online poker if you can achieve a high level of experience. In terms of rake and playing rewards, there have been a few improvements in the market in recent years that have limited online poker’s profitability, but it is still possible to obtain a decent income playing poker game. Getting in and getting out of micro stakes is one of the greatest obstacles facing emerging online pros these days. In present-day games, the high rake and low rakeback eat away at the winnings of a micro stakes player, making it difficult for them to achieve a good score overall.
On the other hand, live poker has been and is likely still a highly lucrative enterprise for professional players. The live player average is much lower than the online player estimate. This may be because, in casinos, live poker is practiced and thus encourages individuals who play poker to bargain instead of because they are successful at it. Or it could be because of live poker’s social aspect. It’s a mix of both, perhaps. 
Also Read: Advantages of Becoming a Professional at Poker
For more interesting articles about poker or poker news, keep reading PokerShots! 

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Colorado Licence for Intelitics

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Intelitics, the leading performance marketing and analytics platform provider, has been granted a licence by the Colorado Division of Gaming allowing it to work with licensed sportsbook operators in the state for the first time.Intelitics already holds licences in New Jersey and Pennsylvania, with Colorado the third with more to follow in the coming months.Intelitics provides online sportsbook and casino operators with a single platform that allows them to track, analyze and grow all acquisition partnerships and campaigns across web and mobile through access to real-time data which in turn allows them to unlock hidden revenue and boost ROI.Intelitics’ real-time data hub keeps media buyers, analysts and executives on the same page about spend and results. Operators can use one set of metrics to “slice and dice” media performance to discover what activity is delivering the best results.Powerful, streamlined reports provide full visibility into cross-channel interaction and the customer journey. A holistic view of costs v player value means operators can easily determine the most valuable media sources which improves revenue allocation modelling and inform media investment.CasinoAffiliatePrograms, the premier standalone iGaming specific Ad Network, which is powered and run by the Intelitics team, has delivered more than $70m in net game revenue through 150,000+ new depositing customers.Armed with its Colorado licence, Intelitics is now looking to work with licensed online sportsbook operators in the state in order to help them unlock the greatest value from their marketing activity.Allan Stone, CEO at Intelitics, said: “We are delighted to have secured a licence from the Colorado Division of Gaming allowing us to work with licensed sportsbook operators in the state for the very first time.”“As legal online sports betting continues to roll out across the US, there is a tremendous first mover advantage to be had but operators must ensure they are acquiring players at the right cost and through channels that deliver true value.”“Our cutting-edge platform provides the real-time data, insight and reporting that operators need to do just that across all of the channels they use to market to players. We look forward to working with sportsbooks licensed in the state of Colorado.”

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Did the next Macau bubble just start two weeks ago?

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The entire concept of a “bull market in stocks” makes little sense. Sound crazy? These days, certainly, because we’re always hearing about a perpetual bull market in stocks. Valuations increasingly disconnected from economic reality, asset bubbles in one class or another, armies of speculators moving like zombie hoards descending on the next fad and blowing it up to infinity and beyond, Buzz Lightyear-like.Why is the whole concept of a bull market generally, nonsense? Because if the value of everything is going up simultaneously, then nothing is going up. If everyone is a superhero, nobody is. If, in an imaginary economy, absolutely everything costs, say, $5, (labor, land, capital whatever) and then the next day everything costs $10, then what’s changed? The answer is absolutely nothing.The only thing that matters is relative valuations between asset classes. Let’s divide them into three of the most basic ones. Equities (stocks), bonds (debt), and commodities (consumer goods). If all three are going up in tandem, then there is no “bull market” in anything. If commodities are going up faster than stocks and bonds, you have inflation, or even hyperinflation. Ask anyone in Venezuela whether they care that their stock market is doing great, nominally. They don’t. They’re looking for their next glop of gruel or morsel of moldy bread to survive the day.But if stocks and bonds are rising and consumer goods are static to falling, you have a bull market in financial assets. This is where we are now. And boy are we really hard and deep into it now. Below is the ratio of the S&P 500 to the CRB Commodities Index.And I’ve got news for everyone. This bull market in stocks relative to consumer goods in dollar terms is already over. It ended almost a year ago. On April 20, 2020 to be exact. Red circle blowoff top above. That was when oil crashed to negative $35 a barrel and we all lived in an alternative financial freakhouse universe. But I have more news than that. This entire “bull market” in stocks has been one gigantic illusion from the very beginning. Stocks aren’t going up. They haven’t gone up for 21 years. Money is going down. Here is the graph of stocks relative to the prime monetary commodity, gold, over the same timeframe above.We can see here that from 1990 to 2000, we had a real bull market in stocks. Equities rocketed in gold terms and in terms of consumer goods generally. Everyone felt richer. Portfolios up, expenses down. But since that time, money has been dying at an accelerated pace and the standard of living has fallen.The bull market in stocks over the last 21 years has been an illusion, a tiny echo of the bull that ended at the turn of the century. We have spent the last 21 years trying to reinflate it, but gold has exposed the lie. We are now at the point where the illusion is about to collapse completely. In my view, we have only a few months left until it all hits the fan. Until then, the bubbles will keep coming in staccato frenetic fashion, moving from one asset class to another faster and faster, until we all get so dizzy we can’t follow it anymore. Last week I speculated that maybe the next target for the zombie hoard will be in penny gaming stocks. I was close. It’s in Macau stocks. It may already have started two weeks ago. The frenzy has started over news about China opening up again. I mean, just look at this crazy chart of the Macau proxy ETF:That last surge higher is just since February 1. We could be at the beginning of a crazy but brief ride higher in Macau stocks right now. New all time highs again, and Macau isn’t even fully open yet. The latest full month statistics for December show a 78.6% drop in visitors year over year. And yet we’re at new all time highs in these stocks already. It’s just completely crazy. I can understand the Macau opening up again trade, but to argue that this factor is being priced in at these levels, at new all time highs? As if none of this full year shutdown hurt any of the casinos fundamentally at all? That’s just totally bonkers crazy. It’s a reflection of the value of the currency these stocks are priced in, not the stocks themselves.What’s happening is that the zombie hoard of bubble chasers is reading the headlines regarding China starting to open up again, and they’re slamming buy orders and call options like they’ve been doing with tech stocks and Gamestop and BTC and all the other fads. We just got news out of Bloomberg that China’s Imax had a face-ripping rally due to exploding ticket sales. China is, indeed opening up, and the zombie hoard of speculators is now going to spray their money hoses at anything Chinese. Macau might be at the center of it.How high can this Macau bubble go, if that’s what we just saw start two weeks ago? The truth is, it doesn’t matter. If you get into it, you’ll get hooked and keep levering yourself up, counting your paper gains, unable to separate from them until you get caught in a vortex. At some point, my view this year, it’s all going to come crashing down when all the damage from 2020 is finally revealed all over the world. You can’t paper it over forever. The damage to Macau casinos doesn’t just go away. It festers in the form of more and more debt, and a damaged consumer base that can no longer patronize casinos in the way it once could. Festering wounds need the paper bandage removed and they need to be operated on. That is painful. And it’s coming.When we think of the word “bubble”, what are we really talking about? A bubble is something that looks, from the outside, to be really big and stable. The shape of it, a sphere, is the most stable shape in the universe. It’s why planets, stars, moons, and possibly even the spacetime continuum itself, spontaneously shape themselves into spheres. The force of gravity equalizes at every point on the sphere, forming equilibrium. Nature always seeks equilibrium. And so bubbles take on the illusion of stability, but unlike a real sphere, there’s nothing inside them. When they pop, they are gone almost instantly. This one is about to pop. Macau appears to be the next victim sucked up by the bubble. Macau will survive and rebuild. The question is, in what form? I wouldn’t take a bet the depended on me getting the answer to that question right.

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Richard Downey explains the power of the US sports betting market

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No one in the industry can underestimate the old fashioned values of building trust amongst customers. Richard Downey, Senior VP for Connections by the Specialist Works, understands that more than most. He sat down with Calvinayre.com’s Becky Liggero Fontana to share his insights on the U.S. sports betting market.Downey emphasized leveraging relationships from prior careers. “I was publisher of a magazine called Poker Player and I moved from there into the agency. I’ve been able to maintain an involvement in the gaming industry by having clients in the space,” Downey said.Downey is a firm believer that operators still require a that branding plays an integral part in building trust with customers in the highly competitive U.S. sports betting market. “In the gaming sector there is an element of credibility and trustworthiness that exists everywhere, but especially in the U.S. market. Getting access to online gaming in the U.S. market for the past period of time has not been completely legitimated. Gaming is being rebranded as mainstream entertainment and it’s really important that the brands that come through with it do a good job for the customers.”Downey pointed out that new operators have to consider the Vegas perceptions of gaming when it comes to brand marketing and alignment.“For a long time gaming has been synonymous with Las Vegas and therefore it’s completely logical that a lot of the Vegas gaming companies are using their brands to do that job of legitimization and credibility. If a gaming operator is trying to break into the mainstream market in the U.S. then I think having a credible brand behind you, either through brand recognition or through marketing is a good way of making people believe that you know that their gaming environment is a safe one,” he said.In the full interview, Downey gives advice for new operators for developing brand strategy in the U.S. sports betting market. And if you haven’t yet, watch all of our videos as they go up by subscribing to the CalvinAyre.com YouTube channel.

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40 Supreme Fruits Slot Review

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ด้วยชื่ออย่าง 40 Supreme Fruits คุณจะเข้าใจอย่างแน่นอนว่าจะมีธีมแบบไหน สล็อตนี้มีความไม่สามารถคาดเดาได้ปานกลางและ 5 วงล้อและ 4 คอลัมน์ของรูปภาพ สิ่งเหล่านี้รวมเข้ากับ 40 วิธีในการชนะและคุณสมบัติที่น่าทึ่ง สรุปแล้วคุณจะเห็น Wilds and Scatters ทุกที่บนวงล้อและอาจเจอ Jackpot Diamond และฟีเจอร์ Double or Nothing การเดิมพันและรางวัลเนื่องจากเป็นตัวแทนของสล็อตคลาสสิกคุณจึงตระหนักดีว่าคุณจะต้องได้รับภาพที่เหมือนกันหลาย ๆ ภาพเพื่อครองในเกมนี้ ต้องมีอย่างน้อย 3 รายการสำหรับรางวัลสำคัญทั้งหมด อย่างไรก็ตามหากคุณได้รับ 4 หรือ 5 รางวัลของคุณจะยิ่งใหญ่ขึ้น ด้วยการผสมผสานภาพที่โดดเด่นคุณสามารถยกระดับเกมไปอีกระดับในขณะที่เปิดใช้งานคุณสมบัติ 40 Supreme Fruits Slot Features ธีมยอดนิยมสุดมีภาพที่คุ้นเคย ดังนั้นคุณจะเห็นส้มองุ่นลูกพลัมมะนาวเชอร์รี่และผลไม้อื่น ๆ อีกสองสามอย่างบนวงล้อ ไม่ว่าในกรณีใดสิ่งเหล่านี้ไม่ใช่สิ่งเดียวที่คุณจะเห็น Wilds และ Scatters จะแสดงบนวงล้อด้วย โดยปกติแล้ว Wilds จะช่วยคุณในการเดินทางเมื่อสร้างส่วนผสมที่ชนะโดยการแทนที่ภาพปกติ ในทำนองเดียวกัน Scatter สามารถช่วยคุณได้ด้วยการสร้างส่วนผสมที่ชนะเลิศเมื่อคุณได้ภาพอย่างน้อย 3 ภาพในการผสม ณ จุดนั้นมีคุณสมบัติแจ็คพอตไดมอนด์ซึ่งสามารถให้หนึ่งในแจ็คพอตได้ ในที่สุดก็มีเกม Double หรือ Nothing ที่สามารถช่วยคุณเพิ่มรางวัลหรือช่วยให้คุณแพ้ได้ ธีมและการออกแบบธีมที่รู้จักกันดีและ Supreme Fruits 40 ชิ้นนำเสนอการออกแบบที่สวยงามพร้อมกับคุณสมบัติที่ยอดเยี่ยมบางอย่างสรุปผลไม้ 40 รายการใช้สล็อตจาก Novomatic ในธีมผลไม้และมอบความบันเทิงมากมายให้กับคุณด้วย Wilds คุณสมบัติ Jackpot Diamond เกม สองเท่าหรือไม่มีอะไรและกระจัดกระจาย

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What channel is Barcelona vs. PSG on today? Time, TV schedule to watch Champions League match in USA

3 ทีมที่ได้รับประโยชน์สูงสุดจากการจัดงาน NHL 2020/21



The start of the Champions League features an intriguing matchup between La Liga’s Barcelona and Ligue 1’s Paris Saint-Germain.
Both teams feature among the best strikers in the sport: Lionel Messi is second in La Liga with 15 goals this season, while PSG’s Kylian Mbappe ranks first in Ligue 1 with 16. Whoever performs better on Tuesday could set their club up for success in the first leg of the Round of 16.
But soccer is a team sport, and it will take more than Messi and Mbappe to secure victory in Tuesday’s match. In that sense, Barcelona may be playing the best it has all season, taking a seven-game La Liga win streak into its match vs. PSG; it has also won three of its last four games in the Copa Del Rey, though it did lose its last match to Sevilla on Wednesday.PSG is playing inspired recently as well, taking a three-game Ligue 1 win streak into its match vs. Barcelona, as well as wins in the Coupe de France and Trophee des Champions.Here’s everything you need to know about the opening match of the Champions League, including time, TV channel, streaming info and more:MORE: Watch Barcelona vs. PSG live with fuboTV (7-day free trial)What channel is Barcelona vs. PSG on today?Cable subscribers can watch Barcelona vs. PSG on CBS Sports Network or on the streaming service CBS All Access (which will soon rebrand as Paramount+). Cord cutters can watch it on the streaming service as well, at the cost of $9.99 per month (or $5.99 with limited commercials). For those on the fence — or who simply want to watch the match before canceling — CBS All Access offers a week-long free trial. Another option is fuboTV, which also offers a seven-day free trial.How to watch Champions League games in USACBS has comprehensive broadcasting rights of the Champions League, though certain matches can only be watched on CBS All Access/Paramount+, while other matches can be seen on CBS and the CBS Sports Network.Coverage begins with the first leg of the Round of 16, which will be split between CBSSN and CBS All Access.CBS All Access will officially rebrand as Paramount+ on March 4, five days before the start of the second leg of the Round of 16 on March 9. From there, CBSSN and the rebranded streaming service will split coverage of the remainder of the Round of 16, which concludes on March 17.Fans who want to watch the quarterfinals — which run from April 6 through April 14 — can only do so on Paramount+.CBSSN and Paramount+ will again split coverage of the Champions League with the semifinals, which run from April 27 through May 5. Fans can watch the Champions League final on May 29, either on CBS or via Paramount+.Champions League Round of 16 scheduleRound of 16, first legTuesday, Feb. 16Barcelona vs. PSGRB Leipzig vs. LiverpoolWednesday, Feb. 17Juventus vs. FC PortoSevilla vs. Borussia DortmundTuesday, Feb. 23Atletico Madrid vs. ChelseaLazio vs. Bayern MunichWednesday, Feb. 24Borussia Monchengladbach vs. Manchester CityAtalanta vs. Real MadridRound of 16, second legTuesday, March 9
Juventus vs. FC PortoBorussia Dortmund vs. SevillaWednesday, March 10Liverpool vs. RB LeipzigBarcelona vs. PSGTuesday, March 16Borussia Monchengladbach vs. Manchester CityAtalanta vs. Real MadridWednesday, March 17Lazio vs. Bayern MunichAtletico Madrid vs. Chelsea

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How to watch Champions League in the USA: Full TV schedule for 2021 on CBS channels, live streams

Bradley Beal ดูอนาถบนม้านั่งของพ่อมดซึ่งจุดประกายความเห็นใจบน Twitter



The 2020-21 Champions League, greatly affected by the COVID-19 pandemic, is finally in the knockout stage.
Even with the global pandemic still looming over the world’s greatest professional club competition, the idea of securing the status of Europe’s top club promises an exciting stage. How those matches are affected by reduced audiences or empty stadiums, however, remains to be seen.
The 2020-21 Champions League final will conclude the tournament on May 29 in Istanbul’s Ataturk Olympic Stadium.Here’s everything you need to know about the 2020-21 Champions League, including dates, times, TV channels and streaming options:MORE: Watch select Champions League games live with fuboTV (7-day free trial)How to watch Champions League games in USAThe Champions League TV and streaming schedule is … slightly convoluted.Let’s start with the Round of 16: Only two matches from each of the first and second legs will be available to watch on cable (CBS Sports Network); the second-leg matches have yet to be determined. Regardless, only those games that appear on CBSSN can be streamed on fuboTV, which is offering a seven-day free trial. Streaming will be carried by CBS All Access in the first leg. For the second leg, Paramount+ (a rebrand of CBS All Access starting on March 4) will stream the Champions League matches.The Champions League quarterfinals can only be streamed on Paramount+. The semifinal matches will air on CBSSN and stream on Paramount+.The Champions League final will air on CBS and stream on Paramount+; fuboTV is also a streaming option for each of the semifinal and final matches.Champions League TV schedule 2021Here is the full Champions League schedule for the rest of 2021, including start times and TV channels for games broadcast in the United States.Champions League Round of 16, first legThe first leg of the Round of 16 will air on CBS Sports Network and CBS All-Access, though only two of the eight matches will broadcast on cable.Tuesday, Feb. 16Match
Time (ET)
TV channel
Streaming
Barcelona vs. PSG
3 p.m.
CBSSN
CBS All Access, fuboTV
RB Leipzig vs. Liverpool
3 p.m.
N/A
CBS All Access
Wednesday, Feb. 17Match
Time (ET)
Streaming
Juventus vs. FC Porto
3 p.m.
CBS All Access
Sevilla vs. Borussia Dortmund
3 p.m.
CBS All Access
Tuesday, Feb. 23Match
Time (ET)
TV channel
Streaming
Atletico Madrid vs. Chelsea
3 p.m.
CBSSN
CBS All Access, fuboTV
Lazio vs. Bayern Munich
3 p.m.
N/A
CBS All Access
Wednesday, Feb. 24Match
Time (ET)
Streaming
Borussia Monchengladbach vs. Manchester City
3 p.m.
CBS All Access
Atalanta vs. Real Madrid
3 p.m.
CBS All Access
Champions League Round of 16, second legThe second leg of the Round of 16 will air on CBS Sports Network and CBS All-Access; two matches (one on March 9 and 16) will broadcast on cable; those matches have yet to be determined by CBS.Tuesday, March 9Match
Time (ET)
TV channel
Streaming
Juventus vs. FC Porto
3 p.m.
TBD
Paramount+
Borussia Dortmund vs. Sevilla
3 p.m.
TBD
Paramount+
Wednesday, March 10Match
Time (ET)
Streaming
Liverpool vs. RB Leipzig City
3 p.m.
Paramount+
Barcelona vs. PSG
3 p.m.
Paramount+
Tuesday, March 16Match
Time (ET)
TV channel
Streaming
Borussia Monchengladbach vs. Manchester City
3 p.m.
TBD
Paramount+
Atalanta vs. Real Madrid
3 p.m.
TBD
Paramount+
Wednesday, March 17Match
Time (ET)
Streaming
Lazio vs. Bayern Munich
3 p.m.
Paramount+
Atletico Madrid vs. Chelsea
3 p.m.
Paramount+
Champions League quarterfinals, first legThe entire quarterfinal round — first and second legs — will only be available on Paramount+.Tuesday, April 6Match
Time (ET)
Streaming
TBD vs. TBD
3 p.m.
Paramount+
TBD vs. TBD
3 p.m.
Paramount+
Wednesday, April 7Match
Time (ET)
Streaming
TBD vs. TBD
3 p.m.
Paramount+
TBD vs. TBD
3 p.m.
Paramount+
Champions League quarterfinals, second legTuesday, April 13Match
Time (ET)
Streaming
TBD vs. TBD
3 p.m.
Paramount+
TBD vs. TBD
3 p.m.
Paramount+
Wednesday, April 14Match
Time (ET)
Streaming
TBD vs. TBD
3 p.m.
Paramount+
TBD vs. TBD
3 p.m.
Paramount+
Champions League semifinals, first legEach of the semifinal games will air concurrently on CBS Sports Network and Paramount+. Another option is fuboTV.Tuesday, April 27Match
Time (ET)
TV channel
Streaming
TBD vs. TBD
3 p.m.
CBSSN
Paramount+, fuboTV
Wednesday, April 28Match
Time (ET)
TV channel
Streaming
TBD vs. TBD
3 p.m.
CBSSN
Paramount+, fuboTV
Champions League semifinals, second legTuesday, May 4
Match
Time (ET)
TV channel
Streaming
TBD vs. TBD
3 p.m.
CBSSN
Paramount+, fuboTV
Wednesday, May 5Match
Time (ET)
TV channel
Streaming
TBD vs. TBD
3 p.m.
CBSSN
Paramount+, fuboTV
Champions League FinalThe Champions League final will air simultaneously on CBS and Paramount+, though fuboTV is also an option.Saturday, May 29

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Addabbo Confident New York Mobile Sports Betting Can Launch This Year

Bradley Beal ดูอนาถบนม้านั่งของพ่อมดซึ่งจุดประกายความเห็นใจบน Twitter


Posted on: February 15, 2021, 10:16h. 
Last updated on: February 15, 2021, 10:32h.

Steve Bittenbender

Read MoreNew York state Sen. Joseph Addabbo, Jr. (D-Queens), the lawmaker spearheading the push for the Empire State to embrace mobile sports betting, doesn’t just believe the state legislature will pass a bill soon to expand sports betting in the state.
New York state Sen. Joseph Addabbo Jr. takes part in a swearing-in ceremony for his seventh term last month. Addabbo is a leading lawmaker pushing to legalize mobile sports betting in the state. (Image: NYSenate.gov)He also believes the first bets could take place later this year.“I remain optimistic that should it be in the budget April 1st, with a little initiative, our state government can get it up and running by Sept. 9th, which is the first day of the NFL football season,” Addabbo told Casino.org in an interview.It’s been nearly three years since the US Supreme Court opened the door for sports betting nationwide. New York did take advantage and approve retail licenses for its four upstate casino resorts. In addition, Class III tribal casinos are also allowed to offer sportsbooks on their properties.However, analysts and observers point out that New York misses out on a significant revenue stream since it does not allow mobile applications.For example: According to the New York State Gaming Commission, the four retail sportsbooks in the state generated revenue totaling nearly $3.6 million in January. Over the same month, Indiana – a state with roughly a third of New York’s population – saw its mobile and retail operators earn $29.3 million in taxable revenue.The senator said New York usually leads the way when it comes to state policy.“We’re that car in the right lane with four wobbly wheels, and we’re limping along,” Addabbo said. “And these other fast cars like (New) Jersey and Pennsylvania are whizzing by us. That’s an odd spot for New York to be in.”Sports Betting Part of NY Budget TalksA recent study by Spectrum Gaming estimated that mobile sports betting could generate more than $1 billion in gross revenue for New York operators. If the state sets the tax rate at 10 percent, that would mean more than $100 million in annual revenue.Addabbo’s bill, Senate Bill S1183, as well as legislation sponsored by state Assemblyman Gary Pretlow (D-Mount Vernon), sets the rate an 8.5 percent. However, that rate, like other portions of the bill are open to negotiation, the senator said.The senator also noted that the original sports betting bill he filed a couple of years ago gave each casino one skin. Now, the bill offers them two, which means a potential of 14 skins, or mobile operators, for the state once the three downstate casinos are awarded.I think that’s all part of the budget negotiations,” Addabbo told Casino.org. “How many skins and the license fee and the tax rate that is all part and parcel of the budget negotiations. It’s all part of the discussions that we’re going to have, and that’s where we’ll have to come to some agreement.”Still, time is of the essence.April 1, the start of New York’s budget year, is just 45 days away as of Monday. While that’s six and a half weeks, as Gov. Andrew Cuomo told reporters Monday, “in government, 45 days is a blink of an eye.”Addabbo Concerned State-Run System Can’t Meet DemandThe good news is that Cuomo is on board with expanding sports betting in the state to include online applications. The bad news is, his vision for sports betting varies significantly from that of Addabbo and Pretlow. Those lawmakers chair the gaming committees in the respective chambers.Both lawmakers’ bills call for New York to operate sports betting like New Jersey, Pennsylvania, and Indiana. Each of the state’s casinos currently would get the chance to partner with two mobile operators.Cuomo, though, wants the state to be in more control. He wants a system more like the lottery allowing the state to derive more of the revenue. That approach resembles what Rhode Island, Montana, New Hampshire, Delaware, and Oregon have implemented.As Addabbo indicated, though, those states combined have a smaller population than New York.“I’m concerned about New York having a product that can handle the volume and the growing, expanding the market,” Addabbo told Casino.org.He also noted that Oregon leaders are already having second thoughts about their lottery-managed sports betting product.Just last month, Gov. Kate Brown requested that the state’s legislature take up a bill allowing the Oregon Racing Commission to regulate sports betting and grant licenses.“So, if it’s not good enough for Oregon, I don’t think it should be good enough for New York,” Addabbo said.

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