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Billie Jean King sells majority ownership of Mylan World Team Tennis

Billie Jean King sells majority ownership of Mylan World Team Tennis

Mylan World Team Tennis co-founder Billie Jean King sold her a majority ownership stake of the league to Mark Ein and Fred Luddy, the league announced on Monday. Ein is the founder and owner of the Washington Kastles and Luddy is the owner of the San Diego Aviators. 

“After 42 seasons of World TeamTennis, Ilana (Kloss) and I feel this is the time to pass the baton to Mark Ein and Fred Luddy, and entrust the legacy of WTT as an innovative force in tennis to them and their team,” said King. “I will continue to be part of the league as a minority owner and as the owner of the Philadelphia Freedoms, and I am confident the league will continue to grow and prosper under Mark and Fred’s leadership.”

Ein and Luddy will use their strong entrepreneurial background to continue to expand the league, and bring tennis events to new markets across the country. 

“This is such a fabulous product, some of the best men and women players in the world forming a team combined with a forward-thinking scoring system and high energy atmosphere, the opportunity for growth is phenomenal,” said Fred Luddy. “We look forward to building on this wonderful legacy.”

King founded WTT in 1974 based on her philosophy for gender equality and has been running continuously for over 40 years. 

The 2017 season runs from July 16-August 5 and will feature prominent players such as Venus Williams, Andy Roddick and Martina Hingis. 

D.C. City Council votes to legalize sports betting

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D.C. City Council votes to legalize sports betting

WASHINGTON (AP) -- City lawmakers in Washington have voted to legalize sports betting, making the nation's capital the first U.S. jurisdiction without casinos to authorize sports books.

The D.C. Council voted 11-2 on Tuesday to authorize betting on professional sports at the city's stadiums and arenas, private businesses like restaurants and liquor stores, and within the city limits on a mobile app.

Democratic Mayor Muriel Bowser supports the bill, which needs her signature to become law. It would also need to survive a review by Congress, but with Democrats taking over the House in January, the law from the Democratic-dominated city is almost certainly safe. Supporters hope bets could be taken in the city within months, although there is no firm timetable.

In May, the Supreme Court struck down a law that banned sports betting in most U.S. states. Since then, several states have authorized betting on sports. The closest place to Washington with legal sports betting is a casino in Charles Town, West Virginia. Sports gambling is also legal in New Jersey, Delaware and Pennsylvania.

Because Washington lacks casinos, the D.C. Lottery would oversee sports betting, an arrangement that makes the nation's capital an outlier. Athens, Greece-based Intralot is the city's current lottery vendor. The lottery would sell licenses to sports books at arenas and stadiums for $250,000 over five years, and retailers would be able to purchase a two-year license for $5,000. There is no cap on the number of licenses.

Casino industry groups had a measured reaction to the bill's passage, saying that handing over control of sports gambling to the lottery could stifle competition.

"While the vote today is progress, we remain deeply concerned about giving the lottery a virtual monopoly in the mobile market," Sara Slane, a vice president at the American Gaming Association, said in a statement. "Predictably, this will result in less investment and innovation, to the detriment of consumers and the ability of a nascent legal marketplace to compete with the accessibility and convenience offered by many established illegal wagering operations."

Operators would be taxed at 10 percent of revenue, and city officials have estimated that legal sports gambling will bring in $92 million over four years. Critics said that figure was overly optimistic, particularly if neighboring Maryland, which has several casinos including the massive MGM National Harbor just over the city line, legalizes sports betting.

Washington Overwatch League team reveals name, logo

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Washington Overwatch League team reveals name, logo

Washington's new esports team in the Overwatch League is out to bring justice to the District. The team announced its new name and logo, the Washington Justice, on Monday.

“Justice is a universal value and the perfect name for a franchise that we hope will inspire and united both our Washington area community and fans around the globe," said Mark Ein, the owner of the team, in a statement. "There is no region in the world that attracts more people to serve the cause of justice in our government, philanthropy, academia, military service and the private sector than Washington."

The team's logo is a shield with red and white stripes and a white star set on a blue background, which is meant as a nod to the American flag.

The Washington Justice will compete in the 2019 season of the league, which began as a 12-team league in 2018.

The team is one of eight additional teams competing in Overwatch next season. Competitors, according to the league's website, earn a minimum salary of $50,000 and are provided with housing, healthcare and retirement savings to allow them to compete in the first-person shooting game.