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

Daily F<span id="more-587178"></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 their Las Vegas Review-Journal paper wants Nevada lawmakers to regulate day-to-day fantasy sports 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 a regulatory framework to be established by Nevada lawmakers.

DFS had been recently deemed to be illegal 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 have been a major and noticeable 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 rising industry. There is no reason virtually any state should jump in front of Nevada when it comes to dealing with this specific issue,’ the Thursday LVRJ editorial opined.

‘Nevada is known as the ‘gold standard’ for gambling regulation in the usa, and with justification. Its approach to regulation embraces new technology and innovation, while ensuring fair games and protecting the liberties of players,’ the piece concluded.

The op-ed is more interesting just because a casino that is major player recently purchased the primary Las Vegas newspaper.

In December, a secret customer was later on determined to be none other than 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 has been said at the right time for you to be substantially over market asking.

Much speculation about how precisely much influence the anti-online gambling champ would have on the headlines content implemented, but actual stories have been, thus far at the least, apparently free of his opinion that anything to do with online gaming is the antichrist. This op-ed would just be the example that is latest.

No Love for Online Casinos from Adelson

Adelson is a huge divisive figure in the worldwide 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 to be the lead antagonist in the online gambling drama.

Adelson has said he’ll spend ‘whatever it will take’ 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 argue that the contests aren’t gambling, but games of ability, claiming there is a large ability requirement required to succeed. But the LVRJ noted that Control Board Chairman A.G. Burnett’s memo to your two DFS operators to stop running websites in Nevada was based on the view that the platforms resemble sports betting.

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

‘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 the state ruling,’ the LVRJ declared.

Making use of kind space to issue a view supporting any form of Internet betting could be viewed as a small slap in the face to the paper’s boss.

LVRJ Shakeup

Over the way to creating his $30 billion empire, Adelson’s made a good amount of enemies. His newest opponents consist of particular employees at the LVRJ.

Following the revelation so it was certainly the Las Vegas Sands CEO behind the media company’s takeover, a new editor and publisher were hastily earned to perform news protection. Coverage into the LVRJ had taken note into the past of Adelson’s sometimes vicious business approach, which has created a sense of unease within the newsroom.

And when the news to date has seemed untouched by the arm that is long of, some outside news 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 increasingly being reviewed, changed or killed daily. The newsroom is abuzz with word of an inventory of a half a dozen or so journalists whose work has rubbed Adelson the wrong way over the years, and whom 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 connection club in Pataya, Thailand, was raided on Wednesday. Players, all citizens that are senior 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 that may mean actually betting on something to you and me, the Thai concept of ‘gambling’ evidently extends to owning anything that may ever potentially 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 group of retired bridge players.

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

Too Many cards that are playing

Into the absence 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 charge evidently related to some of the decks of cards lacking the official government seal of approval on them.

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

Nevertheless, 26 everyone was 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, was able to intercede to secure their release. It is always about connections in these high-profile instances, is not it?

Chodchoy, who is an associate of Thailand’s many prominent banking family members, emphasized that bridge can be played without federal government authorization under an amendment towards the Gambling Law of 1960, provided cash will not alter hands.

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

A Bridge Too Far

Nevertheless the statutory law was not to ever 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 needs a license],’ he told the neighborhood press. ‘They played sports but they played at an incorrect, unlicensed place. The club had been 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 even though the citizens that are senior unlikely to be charged with illegal gambling, they is going to be charged with ‘organizing card-playing without permission,’ although he admitted the Pattaya PD (whom apparently have large amount 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 believed to be the main group, told the press that is local. ‘It seemed like the authorities tried to kill the only element of Thailand’s economy [that is] still healthy. This really is the worse [sic] signal you can send to the global world community and tourists.’

Virginia Warming Up to Legal Everyday Fantasy Sports

Virginia Attorney General Mark Herring hasn’t revealed his stance on day-to-day fantasy recreations, but some lawmakers in the commonwealth are hoping to secure his support. (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 pastime that is popular happen, you’ll be the very first US state to complete 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 illegal 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 yearly 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 play these,’ Miller told the Richmond Times-Dispatch final month. ‘And I really do have player advantage club fallsview casino concerns about people wanting to just come in and shut the concept down.’

Win for DFS

Miller’s proposition is currently headed for further approval by the House Committee on Appropriations. Should it receive that committee’s recommendation, it might make its method towards the 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 tour of daily dream recreations issues across the country shows just 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 much more hospitable precedent.

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: Following their own investigation, New York Attorney General Eric Schneiderman went for a news tour denouncing the industry as unlawful gaming and accused DraftKings and FanDuel of using deceptive advertising techniques. Schneiderman wishes DFS out of the Empire State, but a court that is appellate 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 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 legal authority Jim Hood recently circulated a viewpoint that the contests are certainly gambling and for that reason unlawful.

While a small number of states have actually introduced legislation to permit DFS, the basic opinion among solicitors general which have opined regarding the industry prefers its outlawing. Virginia State Attorney General Mark Herring has not weighed in on DFS yet, but an issuance of help would have been a critical development for DraftKings and FanDuel’s future there.