DFS regulation for Nevada: Sheldon Adelson is anti-online gambling, but their Las Vegas Review-Journal paper wants Nevada lawmakers to regulate day-to-day fantasy activities in the Internet.
Daily fantasy sports (DFS) is getting more talk time these full days than the Kardashians. Now an editorial with no writer that is specific in the Las Vegas Review-Journal (LVRJ) has jumped regarding the bandwagon, calling for a regulatory framework to be founded by Nevada lawmakers.
DFS was recently deemed to be illegal by the state’s attorney general, Adam Laxalt, and after that the Nevada Gaming Control Board issued cease-and-desist letters to the two industry leaders, DraftKings and FanDuel.
DraftKings have been a major and visible World Series of Poker sponsor for 2015 before the ruling and subsequent action.
‘Nevada should not lag behind … regarding taking action on this emerging industry. There isn’t any reason virtually any state should jump in front of Nevada when it comes to dealing with this specific issue,’ the Thursday LVRJ editorial opined.
‘Nevada is recognized as the ‘gold standard’ for gambling regulation in the us, along with justification. Its approach to regulation embraces new technology and innovation, while ensuring fair games and protecting the legal rights of players,’ the piece concluded.
The op-ed is more interesting just because a major casino industry player recently purchased the main Las Vegas newspaper.
In December, a secret buyer was later determined to be the one and only Las Vegas Sands Chairman Sheldon Adelson. The billionaire reportedly paid $140 million through a subsidiary company to obtain the most-circulated daily in Nevada, a cost that has been said at the right time for you be substantially over market asking.
Much speculation about how exactly much influence the anti-online gambling champion might have on the news content implemented, but real stories happen, to date at the least, apparently free of his opinion that anything to complete with online gaming may be the antichrist. This op-ed would simply be the latest example.
No Love for Online Casinos from Adelson
Adelson is a huge figure that is divisive the global gambling industry, and it is known domestically for his robust spending in supporting conservative causes, as well as backing Republican candidates. He is also notorious if you are the lead antagonist in the web gambling drama.
Adelson has said he’ll spend ‘whatever it takes’ to avoid the expansion of Internet gambling, and that’s why the LVRJ publishing 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 clearly was a large skill requirement needed to succeed. But the LVRJ noted that Control Board Chairman A.G. Burnett’s memo to your two DFS operators to stop sites that are running Nevada was based on the view that the platforms resemble sports betting.
The major DFS sites do not agree to no one’s surprise.
‘The industry disagrees, saying its players are engaging in a game of ability. But the biggest daily dream sports websites stopped doing business here, out of deference towards the state ruling,’ the LVRJ declared.
Using type space to issue a view supporting any as a type of Internet betting could be viewed as a slap that is small the face to the paper’s boss.
Over the way to creating their $30 billion empire, Adelson’s made an abundance of enemies. His newest opponents include particular employees at the LVRJ.
Following the revelation so it was certainly the vegas Sands CEO behind the media company’s takeover, an editor that is new publisher had been hastily introduced to run news protection. Coverage in the LVRJ had taken note within the past of Adelson’s sometimes vicious business approach, which has established a sense of unease within the newsroom.
And if the news to date has seemed untouched by the arm that is long of, some outside news sources contend that may 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 reviewed, changed or killed just about every day. The newsroom is abuzz with word of a listing of a half dozen or so journalists whose work has rubbed Adelson the wrong method over the years, and whom may soon be targeted for departure in exactly 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 bridge club in Pataya, Thailand, ended up being 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 illegal gambling, which, in Thailand, is all gambling.
But while which may mean actually betting on something to you and me, the Thai definition of ‘gambling’ evidently also includes owning anything which could ever potentially be utilized to gamble, for it or not at the time of apprehension whether it is being for used.
And that’s exactly how the latest unlikely demographic to feel the brunt of the junta’s authoritarian zeal ended up being a combined group of retired bridge players.
After a ‘tip down,’ 50 police and army officers stormed a bridge club within the beach resort of Pattaya, 100 kilometers north of Bankok, on February 3rd, arresting all 32 players, a group of primarily septuagenarian European ex-pats.
Too Many cards that are playing
In the absence of anything really juicy going on, the players had been faced with ‘possessing too many playing cards,’ on the basis of a 1935 Thai law that forbids any one person from carrying over 120 handmade cards. Another cost apparently related to some of the decks of cards lacking the official government seal of approval to them.
The UK’s Guardian newspaper beat everyone else to the punch by discussing these as ‘trumped up charges.’
Nevertheless, 26 everyone was detained overnight, including an 84-year-old Dutch woman and the so-called ringleader of the group, 74-year-old Jeremy Watson, ahead of the president of this Thai connection league, Chodchoy Sophonpanich, had been able to intercede to secure their launch. It’s always about connections in these high-profile cases, is not it?
Chodchoy, whom is a part of Thailand’s most banking that is prominent, emphasized that bridge could be played without government authorization under an amendment to the Gambling Law of 1960, so long as money doesn’t change fingers.
She also reminded authorities that bridge will be one for the competitions in the 2017 Southeast Games that is asian in plus the 2018 Asian Games in Indonesia.
A Bridge Too Far
However the statutory law was to not be so easily deterred from justice, as Police Colonel Suthat Poompanmuang, chief of Pattaya authorities, begged to differ.
‘It is the identical case as snooker club [a game similar to billiards) or association [which needs a license],’ he told the press that is local. ‘They played sports but they played at an incorrect, unlicensed place. The club had been not registered. There was no license in order for them to establish the club during the place.’
Don’t mess with Officer Poompanmuang is just what we take away from this.
Suthat said that while the senior citizens are unlikely to be charged with unlawful gambling, they will probably be charged with ‘organizing card-playing without permission,’ although he admitted the Pattaya PD (whom apparently have large amount of time on the 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 us ex-pat, perhaps not believed to be part of the team, told the local press. ‘It appeared like the police tried to kill the part that is only of’s economy [that is] still healthier. This is certainly the worse [sic] sign you can send towards the world community and tourists.’
Virginia Warm Up to Legal Day-to-day Fantasy Sports
Virginia Attorney General Mark Herring has not revealed their stance on day-to-day fantasy recreations, 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 means soon. And if legalization for the popular pastime does happen, you’ll be the initial US state to accomplish therefore.
On Tuesday, a subcommittee in Virginia’s State home 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 known as the Fantasy Contests Act, would require DFS operators like DraftKings and FanDuel every single pay a yearly registration cost of $50,000. Those funds will be utilized for administrative costs to perform audits for the gaming platforms and monitor their solutions for violations of the law’s mandates.
‘Over a million Virginians perform these,’ Miller told the Richmond Times-Dispatch month that is last. ‘And I do have issues about people planning to appear in and just shut the concept down.’
Win for DFS
Miller’s proposal is currently headed for further approval by the homely House Committee on Appropriations. Should it receive that committee’s recommendation, it would make its means to the 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 many state attorneys general around the country, those things in Virginia are certainly a new development.
Whether or at what rate any additional gaming fees is going to be applied have not yet been clarified.
State of the Industry
A trip of daily fantasy activities issues across the country shows just how badly a victory is needed for DFS operators. As states continue to ban online fantasy sports, DraftKings and FanDuel are no doubt hoping Virginia will set a new and more hospitable precedent.
Nevada: After Nevada Attorney General Adam Laxalt’s ruling that DFS is illegal without operators gaming that is first obtaining, the state’s Gaming Commission issued a cease-and-desist notice to DraftKings and FanDuel in the Silver State.
New York: After his own investigation, New York Attorney General Eric Schneiderman went for a media tour denouncing the industry as unlawful gaming and accused DraftKings and FanDuel of using advertising that is deceptive. 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 didn’t go quite as far in ordering the operators away from the state.
January Texas: State Attorney General Ken Paxton joined the movement to block DFS in late. 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 released a viewpoint that the competitions are indeed gambling and therefore unlawful.
While a number of states have introduced legislation to permit DFS, the basic consensus among solicitors general which have opined in the industry prefers its outlawing. Virginia State Attorney General Mark Herring has not weighed in on DFS yet, but an issuance of help will be a critical development for DraftKings and FanDuel’s future there.