DFS regulation for Nevada: Sheldon Adelson is anti-online gambling, but their Las Vegas Review-Journal magazine wants Nevada lawmakers to regulate daily fantasy sports in the Internet.
Daily fantasy sports (DFS) is getting more talk time these days compared to the Kardashians. Now an editorial with no writer that is specific in the Las Vegas Review-Journal (LVRJ) has jumped in the bandwagon, calling for a regulatory framework to be established by Nevada lawmakers.
DFS was recently deemed to be unlawful by the state’s attorney general, Adam Laxalt, after which it the Nevada Gaming Control Board issued letters that are cease-and-desist the two industry leaders, DraftKings and FanDuel.
DraftKings had been a major and noticeable World Series of Poker sponsor for 2015 before the ruling and action that is subsequent.
‘Nevada should not lag behind … regarding taking action on this emerging industry. There is absolutely no reason just about any state should jump ahead of Nevada when it comes to dealing using this issue,’ the Thursday LVRJ editorial opined.
‘Nevada is recognized as the ‘gold standard’ for gambling regulation in the usa, and with good reason. Its way of regulation embraces brand new technology and innovation, while ensuring reasonable games and protecting the legal rights of players,’ the piece concluded.
The op-ed is more interesting must be major casino industry player recently purchased the principal Las Vegas newspaper.
In December, a buyer that is secret later on determined to be none other than Las Vegas Sands Chairman Sheldon Adelson. The billionaire reportedly paid $140 million via a subsidiary company to obtain the most-circulated daily in Nevada, a price which was said during the time to be substantially over market asking.
Much speculation about how precisely much influence the anti-online gambling champ could have on the news headlines content used, but actual stories have already been club player casino no deposit codes november 2017, up to now at least, apparently free of his opinion that anything to complete with online gaming could be the antichrist. This op-ed would just be the example that is latest.
No Love for Online Casinos from Adelson
Adelson has become a divisive figure in the worldwide gambling industry, and it is known domestically for his robust spending in supporting conservative causes, as well as backing Republican prospects. He is also notorious for being the lead antagonist in the online gambling drama.
Adelson has said he’ll spend ‘whatever it takes’ to prevent the expansion of Internet gambling, and that’s why the LVRJ posting an opinion to legalize DFS operators like DraftKings and FanDuel is quite significant.
Proponents of DFS argue that the contests are not gambling, but games of ability, claiming there was a large skill requirement required to succeed. But the LVRJ noted that Control Board Chairman A.G. Burnett’s memo to the two DFS operators to stop running sites in Nevada was based on the view that the platforms resemble sports betting.
To no a person’s surprise, the major DFS sites do not concur.
‘a disagrees, saying its players are engaging in a game of ability. But the largest daily fantasy sports websites stopped doing business here, out of deference to your state ruling,’ the LVRJ declared.
Making use of kind space to issue a view supporting any kind of Internet betting could possibly be regarded as a small slap in the face to the newsprint’s boss.
Across the way to creating his $30 billion kingdom, Adelson’s made a good amount of enemies. His newest opponents consist of particular employees at the LVRJ.
Following the revelation that it was indeed the Las vegas, nevada Sands CEO behind the media company’s takeover, an editor that is new publisher were hastily earned to perform news protection. Coverage within the LVRJ had taken note within the past of Adelson’s sometimes vicious business approach, which has created a feeling of unease in the newsroom.
And when the headlines to date has seemed untouched by the arm that is long of, some outside news sources contend that may well not last too much longer.
Writing on Politico, contributing writer Ken Doctor asserts, ‘Sources tell me, stories involving new owner Sheldon Adelson are now being evaluated, changed or killed just about every day. The newsroom is abuzz with word of a list of a half a dozen or more journalists whose work has rubbed Adelson the wrong means over the years, and whom may soon be targeted for departure in what one insider describes as a ‘house-cleaning.”
Bridge Over Troubled Waters as Thai Gambling Crackdown Snares 32 Foreign Senior Citizens
Bridge Vice Den: a connection club in Pataya, Thailand, was raided on Wednesday. Players, all citizens that are senior were charged with the crime of ‘possessing too many playing cards.’ (Image: telegraph.co.uk)
The Thai military junta that seized power from the democratically elected government in 2014 has been unswerving in its crackdown on unlawful gambling, which, in Thailand, is all gambling.
But while that may mean actually betting on something to you and me personally, the Thai concept of ‘gambling’ apparently extends to owning anything that may ever potentially be used to gamble, for it or not at the time of apprehension whether it is being for used.
And that’s how the latest unlikely demographic to feel the brunt of the junta’s authoritarian zeal was a combined number of retired bridge players.
After a ‘tip off,’ 50 police and military officers stormed a connection club into the beach resort of Pattaya, 100 miles north of Bankok, on February 3rd, arresting all 32 players, an organization of primarily septuagenarian European ex-pats.
Too Many cards that are playing
Into the lack of anything really juicy going on, the players had been faced with ‘possessing a lot of cards that are playing’ on the basis of a 1935 Thai law that forbids any anyone from carrying over 120 credit cards. Another fee apparently related to a number of the decks of cards not having the official government seal of approval in it.
The UK’s Guardian newspaper beat everyone else to the punch by talking about these as ‘trumped up charges.’
Nevertheless, 26 people were detained overnight, including an 84-year-old Dutch woman and the alleged ringleader of the group, 74-year-old Jeremy Watson, before the president for the Thai bridge league, Chodchoy Sophonpanich, had been able to intercede to secure their release. It’s always about connections in these cases that are high-profile isn’t it?
Chodchoy, who is an associate of Thailand’s many prominent banking household, emphasized that bridge can be played without government authorization under an amendment to the Gambling Law of 1960, so long as money does not change hands.
She additionally reminded authorities that connection will be one of the tournaments in the 2017 Southeast Games that is asian in as well as the 2018 Asian Games in Indonesia.
A Bridge Too Far
Nevertheless the law was not to be therefore easily deterred from justice, as Police Colonel Suthat Poompanmuang, chief of Pattaya police, begged to differ.
‘It is the identical case as snooker club [a game similar to billiards) or association [which requires a license],’ he told the press that is local. ‘They played sports but they played at an incorrect, unlicensed spot. The club was not registered. There was no license to allow them to establish the club during the place.’
Don’t mess with Officer Poompanmuang is what we take far from this.
Suthat said that while the citizens that are senior unlikely to be charged with unlawful gambling, they is going to be charged with ‘organizing card-playing without permission,’ although he admitted the Pattaya PD (whom apparently have a large amount of time on their hands) was still ‘mulling’ it.
All 32 posted bail, which ended up being set at 5,000 baht ($140) each, added Suthat.
‘It’s ridiculous,’ A american ex-pat, not thought to be part of the group, told the press that is local. ‘It appeared like the authorities tried to kill the only part of Thailand’s economy [that is] still healthier. That is the worse [sic] sign you can deliver to the global world community and tourists.’
Virginia Warm Up to Legal Frequent Fantasy Sports
Virginia Attorney General Mark Herring hasn’t revealed their stance on day-to-day fantasy activities, but some lawmakers in the commonwealth are hoping to secure his help. (Image: nbc12.com)
Yes, Virginia, there really is legal fantasy that is daily (DFS) and it could be coming your way soon. And if legalization for the pastime that is popular happen, you’ll be the first US state to do therefore.
On Tuesday, a subcommittee in Virginia’s State House unanimously approved HB775, a bill that would regulate DFS and officially declare that wagering on such contests does not constitute online that is illegal gambling.
Introduced by non-voting House of Representatives Delegate Jackson Miller (R-District 50) in mid-January, the legislation, additionally referred to as Fantasy Contests Act, would require DFS operators like DraftKings and FanDuel to each pay a annual registration charge of $50,000. Those funds will be utilized for administrative costs to perform audits regarding the gaming platforms and monitor their services for violations of the legislation’s mandates.
‘Over a million Virginians play these,’ Miller told the Richmond Times-Dispatch last month. ‘And I really do have issues about people attempting to just come in and shut the concept down.’
Win for DFS
Miller’s proposal has become headed for further approval by the homely House Committee on Appropriations. Should it receive that committee’s endorsement, it would make its means to your General Assembly flooring. Meanwhile, State Senator Ryan McDougle (R-District 4) has also introduced a companion bill to HB775 that is identical in text.
After months of legal wrestling with numerous state attorneys general around the country, the actions in Virginia are certainly a fresh development.
Any additional gaming taxes will be applied has not yet been clarified whether or at what rate.
State of the Industry
A trip of daily fantasy sports issues across the country displays exactly how badly a victory is needed for DFS operators. As states continue steadily to ban online fantasy sports, DraftKings and FanDuel are no doubt hoping Virginia will set a new and much more precedent that is hospitable.
Nevada: After Nevada Attorney General Adam Laxalt’s ruling that DFS is unlawful without operators first obtaining gaming licenses, their state’s Gaming Commission issued a cease-and-desist notice to DraftKings and FanDuel in the Silver State.
New York: After their own investigation, New York Attorney General Eric Schneiderman went on a news trip denouncing the industry as unlawful gaming and accused DraftKings and FanDuel of using deceptive advertising techniques. Schneiderman wants DFS out of the Empire State, but a court that is appellate DFS must first have its day in court.
Illinois: Illinois Attorney General Lisa Madigan quickly followed Schneiderman’s lead, though she did not go quite since far in ordering the operators away from the state.
Texas: State Attorney General Ken Paxton joined the motion to block DFS in late January. Paxton cited the game’s element of chance as reason to label the contests as gambling.
Mississippi: The 5th state attorney general to decry DFS, Mississippi’s lead legal authority Jim Hood recently circulated an opinion that the contests are indeed gambling and for that reason illegal.
The general consensus among attorneys general that have opined on the industry favors its outlawing while a handful of states have introduced legislation to permit DFS. Virginia State Attorney General Mark Herring hasn’t weighed in on DFS yet, but an issuance of support would have been a development that is critical DraftKings and FanDuel’s future there.