MUMBAI: Broadcasting giant Star India on Thursday completed its virtual monopoly over Indian cricket by bagging the media rights of the national team's home series as well as domestic cricket for the next five years by shelling out a staggering Rs 6138.1 crore ($944 million approx). After an intense bidding war spread over three days, Star pipped Sony and Reliance Jio for the Global Consolidated Rights (GCR) starting from April 2018 to March 2023. It was for the first time that BCCI staged an e-auction to sell the home media rights. Star had also won the IPL rights for a record Rs 16,347 crore ($2.55 billion) last year. They also own the rights for all ICC tournaments (men's and women's 50-over World Cup, World T20). The GCR comprise TV broadcast rights as well as digital rights for the Indian sub continent as well as the Rest of the World (RoW). On the first day, the bidding ended at Rs 4442 crore while on Wednesday, it breached the Rs 6000 crore mark. "The final … [Read more...] about Star Sports India bags BCCI media rights for Rs 6138.1 crore
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Move to legalize sports betting afoot at Minnesota Legislature
A behind-the-scenes effort is underway at the Minnesota Legislature to legalize sports betting in defiance of current federal law. The U.S. Supreme Court is expected to rule this year on the constitutionality of a federal law that bans sports betting in states other than Nevada. State Rep. Pat Garofalo, R-Farmington, chairman of a jobs and energy committee, said Minnesota should act now to have the legal infrastructure in place in case the court deems the federal ban unconstitutional. With a legal framework in place, he said, sports betting in Minnesota would be properly regulated and taxed and not left to an overseas gray market. "If the Supreme Court removes the ban, and if we do nothing, the offshore sports books will flood social media and scoop up bettors who think they are regulated, legal and taxed," Garofalo said Monday. Minnesota is not alone. More than a dozen states are considering similar legislation, hoping to lure tax dollars and the technology jobs that come from … [Read more...] about Move to legalize sports betting afoot at Minnesota Legislature
Parking charges and sport hire fees to increase above inflation in Redbridge
PUBLISHED: 14:17 18 October 2017 | UPDATED: 14:20 19 October 2017 Ellena Cruse Pay and display machines will go cash free next year. Picture Archant. Archant Concerns have been raised over proposals to increase fees above inflation at parks, allotments and sports hire facilities in the borough. Conservative leader Cllr Paul Canal told a cabinet meeting on Tuesday, October 15, the increase comes at a tim when the council is promoting an anti-sugar drive and tackling obesity. He said the council should be removing as many obstacles as possible to help residents maintain a healthy lifestyle. “This doesn’t sit well with increased charges greater than inflation when we are encouraging young people to take part in activity,” he said. “I appreciate you need to cover a budget gap, but is there another way?” The council wants to increase car parking charges at parks and the cost of hiring sports pitches. Cllr Canal highlighted the impact the charges could … [Read more...] about Parking charges and sport hire fees to increase above inflation in Redbridge
Illinois lawmakers weigh sports gambling, as NBA and MLB officials back the idea
Top professional sports officials told state lawmakers Tuesday that they’re open to legalizing sports betting in Illinois if the federal government allows it, but they want to ensure their leagues get a cut of the money needed to protect “the integrity of our competitions.”Speaking to an Illinois Senate committee, NBA Senior Vice President Dan Spillane said the views of professional sports leagues have “evolved” over the past 25 years.“The time has come for a different approach to give sports fans a safe and legal way to bet on sporting events while protecting the integrity of our competitions,” he said.At issue is a proposed state law that would legalize betting on individual professional, amateur and college games. It would allow casinos to take sports wagers at bricks-and-mortar locations and on the internet, provided the online service is limited to Illinois residents. The state would tax the industry, but opponents say Illinois … [Read more...] about Illinois lawmakers weigh sports gambling, as NBA and MLB officials back the idea
Morning Spin: Illinois lawmakers to discuss sports betting today
Welcome to Clout Street: Morning Spin, our weekday feature to catch you up with what's going on in government and politics from Chicago to Springfield. Subscribe here.TopspinState senators on Tuesday are scheduled to talk about whether Illinois should allow sports gambling if the federal law banning it is ever lifted.The proposal comes from Democratic state Sen. Napoleon Harris, a former NFL linebacker from Harvey. It would allow Illinois casinos to take wagers on amateur, professional and college sports and manage an internet platform for taking bets, provided the online service is limited to state residents.A Senate panel will hear testimony during a committee hearing Tuesday at the Bilandic Building, but no votes are scheduled.Federal law prohibits sports wagering in all but four states, and Harris' proposal would only kick in if that changes. The U.S. Supreme Court is considering a New Jersey case that stems from former Gov. Chris Christie's attempt to legalize sports betting … [Read more...] about Morning Spin: Illinois lawmakers to discuss sports betting today