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

DFS regulation for Nevada: Sheldon Adelson is anti-online gambling, but their Las Vegas Review-Journal newsprint wants Nevada lawmakers to regulate daily fantasy activities on the Internet.
Daily fantasy sports (DFS) is getting more talk time these full days than the Kardashians. Now an editorial with no specific writer attribution in the Las Vegas Review-Journal (LVRJ) has jumped regarding the bandwagon, calling for a regulatory framework to be established by Nevada lawmakers.
DFS was recently deemed to be unlawful by the state’s attorney general, Adam Laxalt, after which it the Nevada Gaming Control Board issued cease-and-desist letters to the 2 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 growing industry. There isn’t any reason every other state should jump in front of Nevada when it comes down to dealing with this specific issue,’ the Thursday LVRJ editorial opined.
‘Nevada is recognized as the ‘gold standard’ for gambling regulation in america, along with good reason. Its way of regulation embraces brand new technology and innovation, while ensuring reasonable games and protecting the liberties 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 on 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 that was said at the right time for you to be substantially over market asking.
Much speculation on how much influence the anti-online gambling champ would have on the news content observed, but actual stories were, up to now at least, seemingly 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 become a divisive figure in the global gambling industry, and it is known domestically for his 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 will take’ to avoid the expansion of Internet gambling, which club player casino 2016 bonus codes 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 large skill 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.
The major DFS sites do not agree to no one’s surprise.
‘a disagrees, saying its players are engaging in a game of ability. But the greatest daily fantasy sports websites stopped doing business here, out of deference towards the state ruling,’ the LVRJ declared.
Using kind space to issue a view supporting any as a type of Internet betting could be considered a small slap in the face to the newsprint’s boss.
LVRJ Shakeup
Across the way to creating his $30 billion empire, Adelson’s made plenty of enemies. His newest opponents consist of specific employees at the LVRJ.
Following the revelation that it was certainly the vegas Sands CEO behind the media company’s takeover, a new editor and publisher were hastily earned to run news coverage. Coverage in the LVRJ had taken note in the past of Adelson’s sometimes business that is vicious, which has established a sense of unease into the newsroom.
Of course the news headlines to date has seemed untouched by the long arm of employer, 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 being reviewed, changed or killed daily. The newsroom is abuzz with word of a listing 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 exactly 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 citizens, 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 which may mean actually betting on something to you and me, the Thai concept of ‘gambling’ evidently reaches owning anything that may ever possibly be utilized to gamble, whether it’s being for useful for it or not at that time of apprehension.
And that’s exactly how the latest unlikely demographic to feel the brunt of the junta’s authoritarian zeal had been group of retired bridge players.
Following a ‘tip off,’ 50 police and army officers stormed a connection club into the beach resort of Pattaya, 100 miles north of Bankok, on February 3rd, arresting all 32 players, an organization of mainly septuagenarian ex-pats that are european.
Too Many Handmade Cards
In the lack of anything really juicy going on, the players had been faced with ‘possessing a lot of playing cards,’ on the basis of a 1935 Thai law that forbids any one individual from carrying over 120 handmade cards. Another fee evidently related to a few of the decks of cards devoid of the official government seal of approval on it.
Great britain’s Guardian newspaper beat everyone else to the punch by discussing these as ‘trumped up fees.’
Nevertheless, 26 individuals were detained overnight, including an 84-year-old Dutch woman and the so-called ringleader of the group, 74-year-old Jeremy Watson, before the president of the Thai bridge league, Chodchoy Sophonpanich, managed to intercede to secure their release. It is always about connections in these high-profile situations, is not it?
Chodchoy, who is an associate of Thailand’s most prominent banking family members, emphasized that bridge may be played without federal government permission under an amendment towards the Gambling Law of 1960, provided money doesn’t change hands.
She additionally reminded authorities that connection will be one associated with the competitions in the 2017 Southeast Asian Games in Malaysia therefore the 2018 Asian Games in Indonesia.
A Bridge Too Far
However the statutory legislation was not to be therefore 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 requires a license],’ he told the regional press. ‘They played sports but they played at an incorrect, unlicensed place. The club was not registered. There was no license to allow them to establish the club during the place.’
Don’t mess with Officer Poompanmuang is exactly what we take far from this.
Suthat said that as 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 a lot of time on the arms) 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, maybe not considered to be an element of the 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 healthier. This is the worse [sic] signal you can send towards the global world community and tourists.’
Virginia Warming Up to Legal Frequent Fantasy Sports
Virginia Attorney General Mark Herring has not 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 daily dream sports (DFS) and it could be coming your method soon. And if legalization for the popular pastime does happen, you’ll be the first US state to accomplish so.
On Tuesday, a subcommittee in Virginia’s State home unanimously authorized HB775, a bill that would regulate DFS and officially declare that wagering on such contests does not constitute illegal online 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 to each pay a yearly registration cost of $50,000. Those funds is used for administrative costs to perform audits associated with 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 attempting to come 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 method towards 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.
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 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 more hospitable precedent.
Nevada: After Nevada Attorney General Adam Laxalt’s ruling that DFS is illegal 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.
Brand 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 desires 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 away from 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 competitions are indeed gambling therefore illegal.
While a few states have introduced legislation to permit DFS, the general opinion among solicitors general that have opined in the industry favors its outlawing. Virginia State Attorney General Mark Herring hasn’t weighed in on DFS yet, but an issuance of support will be a development that is critical DraftKings and FanDuel’s future there.