Counter-Strike Should be Classed as Gambling, claims Aussie Pol

Counter<span id="more-591846"></span>-Strike Should be Classed as Gambling, claims Aussie Pol

Counter-Strike would have a minimum age requirement in Australia under a bill proposed by Senator Nick Xenophon?

Australian Senator Nick Xenophon is just a longtime antagonist of the gambling industry and now he’s Counter-Strike skin-betting firmly in his sights.

Xenophon announced this week it resumes next month that would classify games like Counter-Strike as gambling, pure and simple that he intends to introduce a bill to parliament when.

He told the Sydney Morning Herald that their legislation would prohibit game makers from billing real cash for items of varying value whose purchase relies for a degree of chance. It would additionally establish minimum age needs for those who wish to pay to play, while games would be needed to show clear warnings of possible gambling content.

Games like Counter-Strike: worldwide Offensive (CS: GO), around which a gambling that is billion-dollar is continuing to grow up through the trading of designer tools called ‘skins,’ were ‘insidious’ in their targeting of minors, and the ‘crazy West’ of online gambling, Xenophon said.

‘Instead of shooting avatars, parents soon find out that [their children] have shot huge holes through their bank accounts,’ he added, nicely.

Too Late, Mate?

But despite his good motives, maybe it’s that the senator is a few years too late. Had Xenophon proposed their legislation in 2013, for example, he may have nipped the nascent skins industry that is gambling the bud. Instead, he chose to just launch it weeks after Valve, creators of CS: GO, announced it ended up being shutting the industry down.

Valve’s skins are colorful and collectible in-game weapons that the company permitted become exchanged between players over its Steam platform as a way of creating an economy that is in-game. But their capability to be utilized in third-party internet sites enabled them to be used as digital potato chips in online gambling games. Valve was in fact accused of encouraging and also profiting from epidermis gambling.

Valve’s Ultimatum

Eventually, in mid-July, as lawsuits started to fly, the ongoing company officially denied it had ever profited from skin gambling, and emphasized that those who had were in violation of its terms and conditions.

After that it delivered cease-and-desist notices to at least 23 epidermis betting sites, promising them that their Steam accounts would be terminated if they continued to use, as it began to dismantle the industry it had inadvertently produced. The betting websites need Steam accounts in purchase to transfer skins and the deletion of these accounts would mean curtains for the industry.

Valve gave the sites a 10-day window to comply, a deadline that expired on July 29. Many web sites have actually appeared to comply with the need, shutting down ‘temporarily,’ but other people still be seemingly operating, two days after their ultimatum, presumably awaiting Valve’s next move.

Atlantic City’s Borgata Now Fully Owned by MGM Resorts with Boyd Gaming Buyout Complete

The Borgata Hotel Casino is now formally an MGM Resorts home. The Atlantic City marina casino had been a jv between MGM and Boyd Gaming since its opening in 2003, but Boyd recently decided to bow out and offer its 50 % stake to pay down debt as well as for ‘general corporate purposes.’

The offer, which was first announced in early June, was completed on August 1.

MGM Resorts has become the proprietor that is sole the Borgata Hotel Casino in Atlantic City, after completing a buyout from partner Boyd Gaming. (Image: Star-Ledger file)

Boyd Gaming leaves Atlantic City with $589 million, and still stands to get additional payments from property taxation refunds. The operator received roughly $900 million total in the transaction, but was additionally accountable for its share of the Borgata’s $575 million in liabilities.

MGM Offensive

Paying a huge selection of millions of bucks for any such thing in Atlantic City at this time may appear ill-advised, nevertheless the Borgata is one of this venues that are few switching out strong revenues in the brand New Jersey resort.

This year through June, the Borgata has grossed $337.4 million in casino wins. Of this other seven properties nevertheless in procedure, the Borgata’s nearest competitor is additionally its closest neighbor: that is Harrah’s, with $172 million.

The economic system in Atlantic City is dismal. The city is broke, four casinos closed in 2014, and municipality leaders are in war with those in the state’s capital in Trenton who want to end the town’s gaming monopoly.

‘ Buy low sell high’ is the oldest piece of investing advice in the book, and it appears MGM believes now could be the time to buy. The organization owns 10 casinos in Las Vegas, and it has properties in Mississippi, Illinois, Michigan, and Asia.

It will enhance its US portfolio whenever MGM nationwide Harbor in Maryland starts later this and the MGM Springfield in Massachusetts opens in 2018 year.

Dangerous Company

When nj-new Jersey passed a referendum in 1976 to legalize gambling in Atlantic City, few would have most likely theorized that 40 years later on, the city’s hotspot would not be on the iconic Boardwalk. The glamour and glitz that once accompanied the coastline has become located some 10 blocks inland at the Borgata.

When Steve Wynn first conceived the project back 2001, gambling was strong in Atlantic City. The town was at its 4th straight year grossing over $4 billion in casino victories, and while Harrah’s and Trump Marina (now the Golden Nugget) were already found in the marina district, building a $1.3 billion venue had been still a risk that is significant.

Wynn eventually abandoned the task and MGM and Boyd played the hand. It’s reduced.

‘While the market continues to have challenges, Borgata has outperformed and differentiated itself due to the fact undisputed frontrunner in the city,’ MGM CEO Jim Murren concluded month that is last.

FanDuel Adopts Complete Branding Overhaul

FanDuel’s New Look: The DFS giant has gone for a dangerous rebrand, but the timing is perfect. (Image:

FanDuel astonished a major rebrand to its customers this week. The fantasy that is daily giant has kicked the sloping white-on-black cursive into touch.

In its place is a modern, clean, all-caps logo design, and a new business color scheme; blues and whites, completely unrecognizable from its predecessor.

The brand now employs a new motif, too, a shield, which represents ‘an age-old athletic emblem, to spend homage to history’s strongest leagues, groups, and competitors,’ explained the organization this week.

‘at the unveiling of its new-look website Monday as we move into this next era of fantasy sports, the FanDuel Shield will lead the way,’ FanDuel assured us.

UK Launch

Rebranding is always risky, especially an utterly comprehensive revamp like this one, but the timing is practical. The brand new NFL period is not far away. The English Premier League period is about to begin.

Meanwhile, FanDuel is born to introduce in britain this month and will without doubt be looking to form some strategic partnerships and sponsorship discounts.

Better, then, to get the branding sorted now prior to the players of the eventual soccer team of choice go running out with the old logo design plastered across their jerseys.

Meanwhile, within the US fantasy that is daily appears at a crossroads, with a number of states already opting to license and regulate the industry, while hugely valuable key markets like California and New York mulling a similar move, ny in particular. What better method to represent the bright, new era of regulated, licensed and consumer-protected DFS than with a bright, new identity?

FanDuel Bill of Rights

The company has also unveiled ‘the FanDuel Bill of Rights,’ a commitment to consumer protection clearly designed to restore faith in the industry after the damage caused by DraftKings’ so-called ‘insider trading’ scandal of late last year in this spirit.

In late September DraftKings employee Ethan Haskell inadvertently posted player data online before the start of the week’s NFL games, information that the typical player has usage of only after the line-ups that are weekly locked in. In the same week, Haskell had won $350,000 playing on

FanDuel, and suddenly alarm bells had been ringing.

DraftKings and Haskell were eventually exonerated by an investigation that is third-party however the debacle prompted increasingly strident calls for more transparency within the industry, particularly with regard to the workings of the two internet sites’ business models and just who has access to privileged information, and when.

The FanDuel Bill of Rights includes the separation of player funds from operating costs, a ban on third-party scripting tools to be able to prevent sharks from feeding off new players in heads-up competitions, as well as the prohibition of FanDuel staff from playing DFS contests.

Summer Olympics Unlikely to consult with Developing World Once More After Rio’s Shortcomings

Officials say it is all systems go in Rio de Janeiro, but the down sides in bringing this present year’s Summer Olympics together could drastically reduce Africa’s chances of ever hosting an Olympics. (Image: Matthew Stockman/Getty Images)

The Summer Olympics in Rio de Janeiro get underway with the Opening Ceremonies this Friday, August 5, but not everyone is able to commemorate. After months and even years of planning failures on the element of local organizers, the Overseas Olympic Committee (IOC) is understandably frustrated.

The promised metro system to ease the heavily congested city didn’t arrived at fruition as planned, the city opted not to ever clean its severely contaminated Guanabara Bay, athlete accommodations are inadequate, and did we mention the Zika virus?

Rio’s inability to prepare for the properly Olympics has been well documented around the globe, and it is been downright embarrassing for the IOC. The anticipated result is that the Olympics are going to be awarded to more stable cities into the coming years.

‘The class is a lot of things can alter in seven years,’ IOC member Dick Pound told the Wall Street Journal.

Chances Against Africa

Tokyo was already confirmed for the 2020 Summer Olympics. The 2024 host will be announced on September 13, 2017.

The IOC can check South America off its list after Rio officially welcomes the Summer Olympics. That leaves Africa as the only staying continent to never host an Olympics (excluding Antarctica).

South Africa was once considered a favorite for the 2024 games, but the country rescinded its bid last year due to economic factors. If Rio might have gone down without any problems, many think the IOC would have been inclined to use Africa.

But with South Africa out, viable choices are slim to none. No other city in Africa currently has the infrastructure or ability to aid the Olympics. has Paris as the favorite that is heavy the 2024 games at 9/10. Los Angeles and Rome are both at 3/1, and Budapest is fourth at 10/1.

It’s expected that Rome’s chances becomes longer while the public scrutiny intensifies over Rio’s mishandling of the 2016 event and IOC officials look for easy sailing waters.

Rio Promises Excitement

Just three times far from the Opening Ceremonies, more press has been given to Rio’s inadequate preparation compared to real upcoming competitions.

Michael Phelps, the most decorated Olympian into the reputation for the games, is going back for his fifth and final Olympics. But their title is rarely mentioned compared to the buzzwords ‘Zika,’ ‘contamination,’ ‘inadequate,’ and even ‘body parts.’

While the media is notorious for hyping up tales and debate, in relation to Rio it’s warranted.

Just week that is last the Brazil Ministry of Justice fired the private security company hired for the Olympics. More than 3,400 security personnel were likely to work the games, but the ongoing business was let go after Brazil officials said just 500 officers had been hired.

It’s the scandal that is latest, but probably one of the most consequential as crime and terrorism is of utmost concern.

Regardless of the excess of controversy, Brazil remains painting a rosy photo.

‘Rio de Janeiro has two main assets, which are its natural beauty as well as the power of its people,’ Rio Mayor Eduardo Paes said last week.