An upcoming webinar from MFM, the Media Financial Management Association, will discuss legal considerations for media organizations planning to take advantage of the U.S. Supreme Court’s decision legalizing sports gambling.
Presented by Ann Bobeck, Special Counsel, for Covington & Burling LLP, and Gerry Waldron, a Partner at the firm, the online event will be held on Tuesday (11/13) from 1-2pm Eastern.
“This has been a landmark year for sports gambling and gambling advertising,” said Mary M. Collins, President/CEO of MFM and BCCA, the media industry’s credit association. “In May, the Supreme Court struck down The Professional and Amateur Sports Protection Act (PASPA), siding with the then-governor of the state of New Jersey that the 1992 law that prohibited most sports betting was unconstitutional. Since then a handful of states, most notably New Jersey and West Virginia, have authorized sports betting within their borders; today companies in those states are handling significant sports betting activity.”
Other states are likely to consider legislation next year that would expand the list of states where sports betting is legal. Meanwhile media companies have been updating their policies to keep apace of this evolving landscape and related opportunities which some estimate could represent as much as $7 billion in advertising revenue, Collins notes.
Joining Bobeck as a presenter is Gerry Waldron, who represents communications, media, and technology clients before the FCC and Congress, and in commercial transactions. Waldron served as chair of the firm’s Communications and Media Practice Group from 1998 to 2008. Prior to joining Covington, Waldron served as the senior counsel on the House Subcommittee on Telecommunications. During his work for Congress, he was deeply involved in the drafting of the 1993 Spectrum Auction legislation, the 1992 Cable Act, the Telephone Consumer Protection Act (TCPA), the Communications Assistance for Law Enforcement Act (CALEA), and key provisions that became part of the 1996 Telecommunications Act.
Eligible registered participants in the Distance Learning Seminar may receive up to one CPE credit toward their certified public accounting (CPA) license. MFM is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.
More information and an online registration form may be found on MFM’s website.