DFS regulation for Nevada: Sheldon Adelson is anti-online gambling, but their Las Vegas Review-Journal newspaper wants Nevada lawmakers to regulate daily fantasy activities regarding the Internet.
Daily fantasy sports (DFS) is getting more talk time these full days compared to the Kardashians. Now an editorial with no specific writer attribution in the Las Vegas Review-Journal (LVRJ) has jumped regarding the bandwagon, calling for the regulatory framework to be founded by Nevada lawmakers.
DFS was recently deemed to be illegal by the state’s attorney general, Adam Laxalt, after which the Nevada Gaming Control Board issued cease-and-desist letters to the two industry leaders, DraftKings and FanDuel.
DraftKings had been a major and visible 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’s absolutely no reason just about any state should jump in front of Nevada when it comes down to dealing with this specific issue,’ the LVRJ editorial opined thursday.
‘Nevada is known as the ‘gold standard’ for gambling regulation in the United States, and with justification. Its method of regulation embraces technology that is new innovation, while ensuring fair games and protecting the legal rights of players,’ the piece concluded.
The op-ed is more interesting because a casino that is major player recently purchased the primary Las Vegas newspaper.
In December, a buyer that is secret later determined to be the one and only 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 cost which was said at the time for you to be substantially over market asking.
Much speculation about how much influence the anti-online gambling champion could have on the headlines content used, but real stories have already been, up to now at the very least, seemingly free of his opinion that anything club player casino app to complete with online gaming could be the antichrist. This op-ed would simply be the latest instance.
No Love for Online Casinos from Adelson
Adelson is a huge divisive figure in the global gambling industry, and it is known domestically for their robust spending in supporting conservative causes, as well as backing Republican candidates. He is also notorious for being the lead antagonist in the online gambling drama.
Adelson has said he’ll spend ‘whatever it takes’ to avoid the expansion of Internet gambling, which is 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 skill that is large 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.
To no one’s shock, the major DFS sites do not agree.
‘The industry disagrees, saying its players are engaging in a game of skill. But the biggest fantasy that is daily websites stopped doing business here, out of deference towards the state ruling,’ the LVRJ declared.
Using kind space to issue a view supporting any type of Internet betting could be seen as a slap that is small the face to the newspaper’s boss.
LVRJ Shakeup
Across the real way to creating their $30 billion empire, Adelson’s made plenty of enemies. His newest opponents consist of certain employees at the LVRJ.
Following the revelation that it was indeed the Las Vegas Sands CEO behind the news company’s takeover, a new editor and publisher had been hastily brought in to run news protection. Coverage within the LVRJ had taken note into the past of Adelson’s sometimes vicious business approach, which has established a feeling of unease into the newsroom.
And in case the headlines to date has seemed untouched by the arm that is long of, some outside media 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 evaluated, changed or killed almost daily. The newsroom is abuzz with word of a listing of a half dozen approximately journalists whose work has rubbed Adelson the wrong way over the years, and whom may soon be targeted for departure in just what one insider describes as a ‘house-cleaning.»
Bridge Over Troubled Waters as Thai Gambling Crackdown Snares 32 Foreign Senior People
Bridge Vice Den: a bridge club in Pataya, Thailand, was raided on Wednesday. Players, all senior residents, 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 that might mean actually betting on something to you and me personally, the Thai concept of ‘gambling’ apparently also includes owning such a thing which could 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 ended up being a combined number of retired bridge players.
Following a ‘tip down,’ 50 police and military officers stormed a connection club within the beach resort of Pattaya, 100 miles north of Bankok, on February 3rd, arresting all 32 players, friends of primarily septuagenarian ex-pats that are european.
Too Many cards that are playing
In the absence of anything really juicy going on, the players had been charged with ‘possessing a lot of playing cards,’ on the basis of a 1935 Thai law that forbids any someone from carrying over 120 handmade cards. Another cost evidently related to a number of the decks of cards devoid of the official government seal of approval on them.
The united kingdom’s Guardian newspaper beat everyone else to the punch by referring to these as ‘trumped up costs.’
Nevertheless, 26 people were detained overnight, including an 84-year-old woman that is dutch the so-called ringleader of the group, 74-year-old Jeremy Watson, ahead of the president of this Thai bridge league, Chodchoy Sophonpanich, had been able to intercede to secure their release. It is always about connections in these cases that are high-profile is not it?
Chodchoy, who is an associate of Thailand’s many banking that is prominent, emphasized that bridge are played without government permission under an amendment to the Gambling Law of 1960, provided that money doesn’t change hands.
She additionally reminded authorities that bridge will be one for the competitions in the 2017 Southeast Asian Games in Malaysia as well as the 2018 Asian Games in Indonesia.
A Bridge Too Far
Nevertheless the statutory legislation was not to ever be so 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 destination. The club was 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 whilst the citizens that are senior unlikely to be charged with illegal gambling, they is going to be charged with ‘organizing card-playing without permission,’ although he admitted the Pattaya PD (whom apparently have lot of time on the fingers) was still ‘mulling’ it.
All 32 posted bail, which had been set at 5,000 baht ($140) each, added Suthat.
‘It’s ridiculous,’ A american ex-pat, not thought to be the main group, told the regional press. ‘It appeared like the police tried to kill the only element of Thailand’s economy [that is] still healthy. That is the worse [sic] signal you can deliver to your world community and tourists.’
Virginia Warming Up to Legal Day-to-day Fantasy Sports
Virginia Attorney General Mark Herring hasn’t revealed his stance on daily fantasy sports, but some lawmakers in the commonwealth are hoping to secure his support. (Image: nbc12.com)
Yes, Virginia, there really is legal daily dream activities (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 accomplish so.
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, also known as the Fantasy Contests Act, would require DFS operators like DraftKings and FanDuel every single pay a yearly registration charge of $50,000. Those funds is utilized for administrative costs to perform audits associated with gaming platforms and monitor their services for violations of the law’s mandates.
‘Over a million Virginians play these,’ Miller told the Richmond Times-Dispatch month that is last. ‘And I do have concerns about people planning to just come in and shut the concept down.’
Win for DFS
Miller’s proposal is now headed for further approval by the House Committee on Appropriations. Should it receive that committee’s endorsement, it might make its method towards the General Assembly floor. Meanwhile, State Senator Ryan McDougle (R-District 4) has also introduced a friend bill to HB775 that is identical in text.
The actions in Virginia are certainly a new development after months of legal wrestling with numerous state attorneys general around the country.
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 dream activities issues across the national country shows how badly a victory is needed for DFS operators. As states continue steadily to ban online fantasy sports, DraftKings and FanDuel are no question hoping Virginia will set a new and much more hospitable precedent.
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: Following their very own investigation, New York Attorney General Eric Schneiderman went on a media tour denouncing the industry as unlawful gaming and accused DraftKings and FanDuel of utilizing advertising that is deceptive. Schneiderman wants DFS out of the Empire State, but an appellate court ruled 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 as far in ordering the operators out of 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 state that is fifth general to decry DFS, Mississippi’s lead legal authority Jim Hood recently released a viewpoint that the contests are indeed gambling and therefore illegal.
While a few states have actually introduced legislation to permit DFS, the basic consensus among attorneys general which have opined regarding the industry favors its outlawing. Virginia State Attorney General Mark Herring hasn’t weighed in on DFS yet, but an issuance of help would be a development that is critical DraftKings and FanDuel’s future there.
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