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

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

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

Daily F<span id="more-39108"></span>antasy Sports Should Be Regulated in Nevada, Says Sheldon Adelson-Owned Nevada Review-Journal

DFS regulation for Nevada: Sheldon Adelson is anti-online gambling, but his Las Vegas Review-Journal newsprint wants Nevada lawmakers to regulate daily fantasy recreations regarding 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 on the bandwagon, calling for a regulatory framework become 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 cease-and-desist letters to the 2 industry leaders, DraftKings and FanDuel.

DraftKings have been a major and noticeable World Series of Poker sponsor for 2015 before the ruling and subsequent action.

‘Nevada should not lag behind … with regards to taking action on this growing industry. There is no reason other state should jump ahead of Nevada when it comes down to dealing using this issue,’ the Thursday LVRJ editorial opined.

‘Nevada is recognized as the ‘gold standard’ for gambling regulation in america, along with valid reason. Its method of regulation embraces brand new technology and innovation, while ensuring fair 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 on determined to be the one and only Las Vegas Sands Chairman Sheldon Adelson. The billionaire reportedly paid $140 million by way of a subsidiary company to get the most-circulated daily in Nevada, a cost that was said at the right time and energy to be substantially over market asking.

Much speculation on how much influence the anti-online gambling champ could have on the news headlines content adopted, but actual stories are, so far at the least, apparently free of his opinion that anything to do with online gaming may be the antichrist. This op-ed would simply be the latest instance.

No Love for Online Casinos from Adelson

Adelson is a divisive figure in the international 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 if you are the lead antagonist in the internet gambling drama.

Adelson has said he’ll spend ‘whatever it takes’ to prevent the expansion of Internet gambling, which explains 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 skill, claiming there was a large skill requirement needed 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.

The major DFS sites do not agree to no one’s surprise.

‘The industry disagrees, saying its players are engaging in a game of skill. But the greatest daily dream recreations websites stopped conducting business here, out of deference to the state ruling,’ the LVRJ declared.

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

LVRJ Shakeup

Across the way to creating their $30 billion empire, Adelson’s made plenty of enemies. His newest opponents consist of particular employees at the LVRJ.

Following the revelation so it was indeed the nevada Sands CEO behind the news company’s takeover, a new editor and publisher had been hastily earned to perform news protection. Coverage into the LVRJ had taken note into the past of Adelson’s sometimes vicious business club player casino no deposit bonus codes 2013 approach, which has established a sense of unease within the newsroom.

Of course the news 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 listing of a half dozen or more journalists whose work has rubbed Adelson the wrong means over the years, and who 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 connection 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 unlawful gambling, which, in Thailand, is all gambling.

But while which may mean actually betting on something to you and me personally, the Thai definition of ‘gambling’ apparently reaches owning such a thing which could ever possibly be properly 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 group of retired bridge players.

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

Too Many Credit Cards

In the lack of anything really juicy going on, the players had been faced with ‘possessing too many cards that are playing’ on the basis of a 1935 Thai law that forbids any one person from carrying over 120 playing cards. Another cost evidently related to a few of the decks of cards devoid of 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 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, prior to the president regarding the Thai bridge league, Chodchoy Sophonpanich, managed to intercede to secure their release. It’s always about connections in these high-profile instances, isn’t it?

Chodchoy, who is a part of Thailand’s most prominent banking family members, emphasized that bridge is played without federal government authorization under an amendment to the Gambling Law of 1960, provided money does not alter hands.

She also reminded authorities that connection will be one for the competitions in the 2017 Southeast Asian Games in Malaysia and the 2018 Asian Games in Indonesia.

A Bridge Too Far

However the statutory law was to not be therefore easily deterred from justice, as Police Colonel Suthat Poompanmuang, chief of Pattaya authorities, begged to differ.

‘It is the same case as snooker club [a game similar to billiards) or association [which requires a license],’ he told the local press. ‘They played sports but they played at a wrong, unlicensed destination. The club was not registered. There was no license in order for them to establish the club at the accepted place.’

Don’t mess with Officer Poompanmuang is what we take far from this.

Suthat said that whilst the citizens that are senior not likely to be charged with unlawful gambling, they will likely be charged with ‘organizing card-playing without permission,’ although he admitted the Pattaya PD (who apparently have a large amount of time on the arms) was still ‘mulling’ it.

All 32 posted bail, which was set at 5,000 baht ($140) each, added Suthat.

‘It’s ridiculous,’ A us ex-pat, maybe not thought to be the main 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 healthy. That is the worse [sic] sign you can deliver to your world community and tourists.’

Virginia Warming Up to Legal Constant Fantasy Sports

Virginia Attorney General Mark Herring has not revealed his 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 popular pastime does happen, you’ll be the initial US state to complete so.

On Tuesday, a subcommittee in Virginia’s State House unanimously authorized HB775, a bill that would regulate DFS and officially declare that wagering on such contests does not constitute unlawful online 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 annual registration charge of $50,000. Those funds would be used for administrative costs to perform audits of the gaming platforms and monitor their solutions for violations of the legislation’s mandates.

‘Over a million Virginians play these,’ Miller told the Richmond Times-Dispatch month that is last. ‘And I do have issues about people wanting to just come in and shut the concept down.’

Win for DFS

Miller’s proposition happens to be headed for further approval by the homely House Committee on Appropriations. Should it receive that committee’s recommendation, it could make its method to 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 fantasy recreations issues across the national country displays 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 more hospitable precedent.

Nevada: After Nevada Attorney General Adam Laxalt’s ruling that DFS is unlawful without operators first obtaining gaming licenses, the state’s Gaming Commission issued a cease-and-desist notice to DraftKings and FanDuel in the Silver State.

New York: After his 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 don’t go quite because far in ordering the operators out of 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 fifth state attorney general to decry DFS, Mississippi’s lead legal authority Jim Hood recently circulated a viewpoint that the contests are indeed gambling therefore unlawful.

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 help would be a critical development for DraftKings and FanDuel’s future there.