Daily Fantasy 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 paper wants Nevada lawmakers to regulate daily fantasy recreations regarding 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 become established by Nevada lawmakers.

DFS had been recently deemed to be unlawful 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 subsequent action.

‘Nevada should not lag behind … in terms of taking action on this emerging industry. There is absolutely no reason other state should jump in front of Nevada when it comes down to dealing with this specific issue,’ the LVRJ editorial opined thursday.

‘Nevada is recognized as the ‘gold standard’ for gambling regulation in america, along with good reason. Its method 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 just because a casino that is major player recently purchased the principal 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 price which was said during the right time to be substantially over market asking.

Much speculation about how exactly much influence the anti-online gambling champion would have on the news content adopted, but actual stories have been, to date at the very least, apparently free of his opinion that anything to complete with online gaming may be the antichrist. This op-ed would just be the latest example.

No Love for Online Casinos from Adelson

Adelson has been a 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’s also notorious for being 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 is why the LVRJ publishing an opinion to legalize DFS operators like DraftKings and FanDuel is quite significant.

Proponents of DFS casino-online-australia.net argue that the contests are not gambling, but games of ability, claiming there is certainly a large ability requirement needed to succeed. But the LVRJ noted that Control Board Chairman A.G. Burnett’s memo towards the two DFS operators to stop sites that are running Nevada was based on the view that the platforms resemble sports betting.

To no a person’s shock, the major DFS sites do not concur.

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

Making use of type space to issue a view supporting any as a type of Internet betting could possibly be regarded as a slap that is small the face to the magazine’s boss.

LVRJ Shakeup

Across the way to creating his $30 billion empire, Adelson’s made a great amount of enemies. His newest opponents include certain employees at the LVRJ.

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

And if the headlines to date has seemed untouched by the arm that is long of, some outside media 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 reviewed, changed or killed daily. The newsroom is abuzz with word of a listing of a half a 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 People

Bridge Vice Den: a bridge club in Pataya, Thailand, was raided on Wednesday. Players, all senior residents, were faced 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 concept of ‘gambling’ evidently extends to owning such a thing that could ever possibly 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 number of retired bridge players.

After a ‘tip off,’ 50 police and armed forces officers stormed a bridge club in the beach resort of Pattaya, 100 miles north of Bankok, on February 3rd, arresting all 32 players, a group of mainly septuagenarian ex-pats that are european.

Too Many Handmade Cards

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 anyone from carrying over 120 playing cards. Another fee evidently related to some of the decks of cards not having the official government seal of approval on them.

The united kingdom’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 Dutch woman and the alleged ringleader of the group, 74-year-old Jeremy Watson, before the president regarding the Thai bridge league, Chodchoy Sophonpanich, managed to intercede to secure their launch. It is always about connections in these cases that are high-profile is not it?

Chodchoy, whom is a part of Thailand’s most banking that is prominent, emphasized that bridge may be played without federal government permission under an amendment to the Gambling Law of 1960, provided cash doesn’t change fingers.

She additionally reminded authorities that bridge will be one of the competitions in the 2017 Southeast Games that is asian in while 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 same 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 destination. The club was not registered. There was no license for them to establish the club at the place.’

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

Suthat said that as the citizens that are senior 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 large amount of time on their fingers) 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 thought to be the main team, told the local press. ‘It appeared like the police tried to kill the part that is only of’s economy [that is] still healthy. This really is the worse [sic] signal you can deliver to the global world community and tourists.’

Virginia Warming Up to Legal Constant Fantasy Sports

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

Yes, Virginia, there really is appropriate fantasy that is daily (DFS) and it could be coming your way soon. And if legalization for the popular pastime does take place, you’ll be the initial US state to accomplish 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 unlawful online 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 registration that is annual of $50,000. Those funds is used for administrative costs to perform audits associated with 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 last month. ‘And I do have issues about people wanting to just come in and shut the concept down.’

Win for DFS

Miller’s proposition is now headed for further approval by the homely House Committee on Appropriations. Should it receive that committee’s endorsement, it would make its way towards the General Assembly flooring. Meanwhile, State Senator Ryan McDougle (R-District 4) has also introduced a friend bill to HB775 that is identical in text.

After months of legal wrestling with many state attorneys basic 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 tour of daily fantasy recreations 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 question 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.

Brand New York: After 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 using advertising that is deceptive. Schneiderman wishes 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 didn’t 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 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 appropriate authority Jim Hood recently circulated an opinion that the contests are indeed gambling and so illegal.

While a small number of states have actually introduced legislation to permit DFS, the basic consensus among attorneys general which have opined on the industry prefers its outlawing. Virginia State Attorney General Mark Herring hasn’t weighed in on DFS yet, but an issuance of support will be a critical development for DraftKings and FanDuel’s future there.

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