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

Daily F<span id="more-17530"></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 newsprint wants Nevada lawmakers to regulate day-to-day 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 specific writer attribution in the Las Vegas Review-Journal (LVRJ) has jumped in the bandwagon, calling for the regulatory framework to be established by Nevada lawmakers.

DFS had been recently deemed to be unlawful by the state’s attorney general, Adam Laxalt, and after that 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 … when it comes to taking action on this industry that is emerging. There isn’t any reason any other state should jump in front of Nevada when it comes to dealing with this particular issue,’ the LVRJ editorial opined thursday.

‘Nevada is recognized as the ‘gold standard’ for gambling regulation in the us, along with valid reason. Its method of regulation embraces technology that is new innovation, while ensuring fair games and protecting the liberties of players,’ the piece concluded.

The op-ed is more interesting because a major casino industry player recently purchased the main Las Vegas newspaper.

In December, a secret customer was 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 acquire the most-circulated daily in Nevada, a price which was said at the time and energy to be substantially over market asking.

Much speculation how much influence the anti-online gambling champ could have on the news content used, but real stories have now been, thus far at the very least, apparently free of his opinion that anything to do with online gaming could be the antichrist. This op-ed would simply be the latest instance.

No Love for Online Casinos from Adelson

Adelson has become a divisive figure in the international gambling industry, and is known domestically for his robust spending in supporting conservative causes, as well as backing Republican candidates. He is also notorious to be the lead antagonist in the online gambling drama.

Adelson has said he’ll spend ‘whatever it will take’ to avoid the expansion of Internet gambling, and that’s 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 skill, claiming there is certainly a large ability requirement required to succeed. But the LVRJ noted that Control Board Chairman A.G. Burnett’s memo to the two DFS operators to stop running websites in 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 fantasy that is daily websites stopped working here, out of deference to your state ruling,’ the LVRJ declared.

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

LVRJ Shakeup

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

Following the revelation it was certainly the nevada Sands CEO behind the news company’s takeover, an editor that is new publisher had been hastily introduced to run news protection. Coverage within the LVRJ had taken note into the past of Adelson’s sometimes business that is vicious, which has generated a sense of unease in the newsroom.

If the news headlines to date has seemed untouched by the arm that is long of, some outside media 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 reviewed, changed or killed just about every day. The newsroom is abuzz with word of a list of a half a dozen roughly journalists whose work has rubbed Adelson the wrong means 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 Citizens

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

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.

Following a ‘tip off,’ 50 police and armed forces officers stormed a bridge club into the beach resort of Pattaya, 100 kilometers 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

Into the lack 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 one individual from carrying over 120 playing cards. Another cost evidently related to a number of the decks of cards lacking the official government seal of approval in it.

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

Nevertheless, 26 people were detained overnight, including an 84-year-old Dutch girl and the so-called ringleader of the group, 74-year-old Jeremy Watson, ahead of the president associated with Thai connection league, Chodchoy Sophonpanich, was able to intercede to secure their release. It’s always about connections in these cases that are high-profile isn’t it?

Chodchoy, who is an associate of Thailand’s many prominent banking family, emphasized that bridge is played without government permission under an amendment towards the Gambling Law of 1960, so long as cash does not alter arms.

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

A Bridge Too Far

However the statutory law was never to be so 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 regional press. ‘They played sports but they played at an incorrect, unlicensed destination. The club had been 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 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 (who apparently have 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 believed to be part of the group, told the neighborhood press. ‘It seemed like the police tried to kill the only part of Thailand’s economy [that is] still healthier. That is the worse [sic] sign you can deliver to your global world community and tourists.’

Virginia Warming Up to Legal Frequent 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 appropriate daily dream activities (DFS) and it could be coming your method soon. And if legalization for the pastime that is popular take place, you’ll be the first US state to accomplish 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, additionally known as the Fantasy Contests Act, would require DFS operators like DraftKings and FanDuel to each pay a annual registration fee of $50,000. Those funds is utilized for administrative costs to perform audits for 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 last month. ‘And I actually do have issues about people attempting 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 would make its way to your General Assembly floor. 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 dream recreations issues across the country shows exactly 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 much more precedent that is hospitable.

Nevada: After Nevada Attorney General Adam Laxalt’s ruling that DFS is illegal 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.

Brand New York: After 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 club player casino no deposit bonus codes march 2016, 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 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 state that is fifth general to decry DFS, Mississippi’s lead appropriate authority Jim Hood recently released an opinion that the contests are indeed gambling and for that reason illegal.

While a few states have introduced legislation to permit DFS, the basic opinion among lawyers general that have opined on the industry favors its outlawing. Virginia State Attorney General Mark Herring has not weighed in on DFS yet, but an issuance of help would be a critical development for DraftKings and FanDuel’s future there.

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