Daily Fantasy Sports Should Be Regulated in Nevada, Says Sheldon Adelson-Owned Las Vegas Review-Journal

Daily F<span id="more-5703"></span>antasy Sports Should Be Regulated in Nevada, Says Sheldon Adelson-Owned Las Vegas Review-Journal

DFS regulation for Nevada: Sheldon Adelson is anti-online gambling, but his Las Vegas Review-Journal magazine wants Nevada lawmakers to regulate daily fantasy activities on the Internet.

Daily fantasy sports (DFS) is getting more talk time these days compared to the Kardashians. Now an editorial with no specific writer attribution in the Las Vegas Review-Journal (LVRJ) has jumped in the bandwagon, calling for a regulatory framework to be founded by Nevada lawmakers.

DFS had been recently deemed to be illegal by the state’s attorney general, Adam Laxalt, and after that 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 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 rising industry. There is no reason virtually any state should jump ahead of Nevada when it comes down to dealing using this issue,’ the LVRJ editorial opined thursday.

‘Nevada is known as the ‘gold standard’ for gambling regulation in america, and with justification. Its way of regulation embraces technology that is new innovation, while ensuring reasonable games and protecting the rights of players,’ the piece concluded.

The op-ed is more interesting must be casino that is major player recently purchased the principal 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 during the time for you to be substantially over market asking.

Much speculation regarding how much influence the anti-online gambling champ could have on the headlines content accompanied, but real stories have now been, to date at least, apparently free of his opinion that anything to complete with online gaming could be the antichrist. This op-ed would simply be the example that is latest.

No Love for Online Casinos from Adelson

Adelson has become a figure that is divisive the worldwide gambling industry, and it is known domestically for his robust spending in supporting conservative causes, as well as backing Republican prospects. He’s 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, which explains why the LVRJ posting an opinion to legalize DFS operators like DraftKings and FanDuel is quite significant.

Proponents of DFS argue that the contests aren’t gambling, but games of ability, claiming there is certainly 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 sites that are running Nevada was based on the view that the platforms resemble sports betting.

To no one’s surprise, the major DFS sites do maybe not concur.

‘a disagrees, saying its players are engaging in a game of ability. But the biggest fantasy that is daily websites stopped conducting business here, out of deference to the state ruling,’ the LVRJ declared.

Using kind space to issue a view supporting any type of Internet betting could be regarded as a small slap in the face to the newsprint’s boss.

LVRJ Shakeup

Over the real way to creating their $30 billion kingdom, Adelson’s made a great amount of enemies. His newest opponents consist of particular employees at the LVRJ.

Following the revelation that it was certainly the Las vegas, nevada Sands CEO behind the media company’s takeover, an editor that is new publisher had been hastily brought in to operate news protection. Coverage in the LVRJ had taken note in the past of Adelson’s sometimes business that is vicious, which has established a feeling of unease into the newsroom.

Of course the news to date has seemed untouched by the long arm of employer, some outside news sources contend that might 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 daily. The newsroom is abuzz with word of an inventory of a half dozen approximately journalists whose work has rubbed Adelson the way that is wrong the years, and who 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 Citizens

Bridge Vice Den: a bridge club in Pataya, Thailand, was raided on Wednesday. Players, all citizens that are senior were faced with the crime of ‘possessing too many playing cards.’ (Image: telegraph.co.uk)

The Thai junta that is military 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, the Thai concept of ‘gambling’ evidently extends to owning such a thing that could ever possibly be properly used to gamble, whether it is being for useful for it or not at that time of apprehension.

And that’s just how the latest unlikely demographic to feel the brunt of the junta’s authoritarian zeal was number of retired bridge players.

After a ‘tip down,’ 50 police and military officers stormed a bridge club within the beach resort of Pattaya, 100 miles north of Bankok, on February 3rd, arresting all 32 players, friends of primarily septuagenarian European ex-pats.

Too Many Playing Cards

Within the absence of anything really juicy going on, the players were charged with ‘possessing too many cards that are playing’ on the basis of a 1935 Thai law that forbids any anyone from carrying over 120 credit cards. Another cost apparently related to a few of the decks of cards devoid of the official government seal of approval to them.

Great britain’s Guardian newspaper beat everyone else to the punch by talking about these as ‘trumped up costs.’

Nevertheless, 26 individuals were detained overnight, including an 84-year-old woman that is dutch the so-called ringleader of the group, 74-year-old Jeremy Watson, before the president regarding the Thai connection league, Chodchoy Sophonpanich, had been able to intercede to secure their launch. It is always about connections in these high-profile situations, is not it?

Chodchoy, whom is a part of Thailand’s many banking that is prominent, emphasized that bridge is played without federal government permission under an amendment towards the Gambling Law of 1960, so long as money doesn’t change fingers.

She also reminded authorities that bridge will be one of the tournaments in the 2017 Southeast Asian Games in Malaysia and the 2018 Asian Games in Indonesia.

A Bridge Too Far

Nevertheless the legislation was not to ever 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 a wrong, unlicensed place. The club had been not registered. There was no license 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 even though the senior citizens are not likely to be charged with illegal gambling, they will probably be charged with ‘organizing card-playing without permission,’ although he admitted the Pattaya PD (who apparently have a 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 american ex-pat, perhaps not believed to be the main team, told the press that is local. ‘It seemed like the authorities tried to kill the part that is only of’s economy [that is] still healthy. This will be the worse [sic] sign you can deliver towards the world community and tourists.’

Virginia Warm Up to Legal Day-to-day Fantasy Sports

Virginia Attorney General Mark Herring hasn’t revealed his stance on day-to-day fantasy recreations, but some lawmakers in the commonwealth are hoping to secure his support. (Image: nbc12.com)

Yes, Virginia, there really is legal fantasy that is daily (DFS) and it could be coming your method soon. And if legalization for the pastime that is popular happen, you’ll be the first US state to do so.

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, also referred to as Fantasy Contests Act, would require DFS operators like DraftKings and FanDuel to each pay a yearly registration cost of $50,000. Those funds would be utilized for administrative costs to perform audits associated with the gaming platforms and monitor their services 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 concerns about people attempting 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 endorsement, it might make its way to your General Assembly flooring. 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.

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Whether or at what rate any additional video gaming taxes will likely be applied has not yet been clarified.

State of the Industry

A trip of daily fantasy sports issues across the national country shows 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, their state’s Gaming Commission issued a cease-and-desist notice to DraftKings and FanDuel in the Silver State.

New York: Following his own investigation, New York Attorney General Eric Schneiderman went for a news trip denouncing the industry as unlawful gaming and accused DraftKings and FanDuel of utilizing deceptive advertising techniques. 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 don’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 overall 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 therefore illegal.

While a few states have introduced legislation to permit DFS, the basic consensus among solicitors general which have opined on the industry prefers its outlawing. Virginia State Attorney General Mark Herring has not weighed in on DFS yet, but an issuance of support could be a development that is critical DraftKings and FanDuel’s future there.