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

Daily F<span id="more-8929"></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 newspaper wants Nevada lawmakers to regulate day-to-day fantasy activities 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 on the bandwagon, calling for a regulatory framework to be 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 letters that are cease-and-desist the two industry leaders, DraftKings and FanDuel.

DraftKings have been a major and visible World Series of Poker sponsor for 2015 before the ruling and subsequent action.

'Nevada should not lag behind … regarding taking action on this industry that is emerging. There is no reason some other state should jump in front of Nevada when it comes to dealing using this issue,' the LVRJ editorial opined thursday.

'Nevada is known as the 'gold standard' for gambling regulation in america, and with justification. Its method of regulation embraces technology that is new innovation, while ensuring reasonable games and protecting the liberties of players,' the piece concluded.

The op-ed is more interesting because https://casino-online-australia.net/club-player-casino-review/ a casino that is major player recently purchased the main Las Vegas newspaper.

In December, a secret customer was later determined to be the one and only Las Vegas Sands Chairman Sheldon Adelson. The billionaire reportedly paid $140 million by way of a subsidiary company to obtain the most-circulated daily in Nevada, a cost that was said during the right time and energy to be substantially over market asking.

Much speculation regarding how influence that is much anti-online gambling champion might have on the news headlines content used, but actual stories have already been, to date at the very least, apparently free of his opinion that anything to do with online gaming could be the antichrist. This op-ed would just be the latest example.

No Love for Online Casinos from Adelson

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

Adelson has said he'll spend 'whatever it takes' to prevent the expansion of Internet gambling, and that's 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 clearly was a large ability requirement required 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 surprise, the major DFS sites do perhaps not concur.

'The industry disagrees, saying its players are engaging in a game of skill. But the largest daily fantasy recreations websites stopped doing business here, out of deference to the state ruling,' the LVRJ declared.

Utilizing kind space to issue a view supporting any form of Internet betting could possibly be viewed as a small slap in the face to the magazine's boss.

LVRJ Shakeup

Along the way to creating his $30 billion kingdom, Adelson's made plenty of enemies. His newest opponents consist of specific employees at the LVRJ.

Following the revelation so it was indeed the Las vegas, nevada Sands CEO behind the media company's takeover, an editor that is new publisher were hastily introduced to operate news protection. Coverage into the LVRJ had taken note into the past of Adelson's sometimes vicious business approach, which has established 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 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 evaluated, changed or killed almost daily. The newsroom is abuzz with word of a listing of a half dozen or so journalists whose work has rubbed Adelson the wrong means over the years, and whom may soon be targeted for departure in 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, ended up being 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 military junta that 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 might mean actually betting on something to you and me personally, the Thai concept of 'gambling' apparently reaches owning anything that could ever possibly be utilized to gamble, whether it really is being for used for it or not during the time of apprehension.

And that's how the latest unlikely demographic to feel the brunt of the junta's authoritarian zeal ended up being band of retired bridge players.

After a 'tip off,' 50 police and army officers stormed a connection club into the beach resort of Pattaya, 100 kilometers north of Bankok, on February 3rd, arresting all 32 players, a group 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 were charged with 'possessing a lot of cards that are playing' on the basis of a 1935 Thai law that forbids any anyone from carrying over 120 credit cards. Another fee evidently related to some of the decks of cards not having the official government seal of approval to them.

The UK's Guardian newspaper beat everyone else to the punch by talking about these as 'trumped up costs.'

Nevertheless, 26 people were detained overnight, including an 84-year-old woman that is dutch the so-called ringleader of the group, 74-year-old Jeremy Watson, before the president for the Thai connection league, Chodchoy Sophonpanich, was able to intercede to secure their release. It is always about connections in these high-profile cases, is not it?

Chodchoy, who is an associate of Thailand's many prominent banking family, emphasized that bridge are played without federal government authorization under an amendment to the Gambling Law of 1960, provided that cash does not alter fingers.

She additionally reminded authorities that connection will be one for the competitions in the 2017 Southeast Games that is asian in as well as the 2018 Asian Games in Indonesia.

A Bridge Too Far

However the legislation was not to ever be so easily deterred from justice, as Police Colonel Suthat Poompanmuang, chief of Pattaya authorities, begged to differ.

'It is the identical 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 a wrong, unlicensed destination. The club ended up being not registered. There was no license in order for them to establish the club at the place.'

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

Suthat said that while the senior citizens are not likely to be charged with unlawful gambling, they is going to be charged with 'organizing card-playing without permission,' although he admitted the Pattaya PD (whom apparently have a lot of time on their fingers) was still 'mulling' it.

All 32 posted bail, which had been set at 5,000 baht ($140) each, added Suthat.

'It's ridiculous,' A us ex-pat, not believed to be the main team, told the neighborhood press. 'It seemed like the authorities tried to kill the part that is only of's economy [that is] still healthy. This really is the worse [sic] sign you can send towards the global world community and tourists.'

Virginia Warm Up to Legal Frequent Fantasy Sports

Virginia Attorney General Mark Herring hasn't revealed their stance on day-to-day fantasy sports, but some lawmakers in the commonwealth are hoping to land his support. (Image: nbc12.com)

Yes, Virginia, there really is appropriate fantasy that is daily (DFS) and it could be coming your means soon. And if legalization for the pastime that is popular happen, you'll be the very first US state to complete so.

On Tuesday, a subcommittee in Virginia's State home unanimously approved HB775, a bill that would regulate DFS and officially declare that wagering on such contests does not constitute online that is illegal 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 charge of $50,000. Those funds could be used for administrative costs to perform audits of the gaming platforms and monitor their solutions for violations of the law'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 planning to also come in and just shut the concept down.'

Win for DFS

Miller's proposal is now headed for further approval by the homely House Committee on Appropriations. Should it receive that committee's endorsement, it might make its way 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 dream activities issues across the country shows just 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 unlawful without operators first obtaining gaming licenses, hawaii'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 trip denouncing the industry as unlawful gaming and accused DraftKings and FanDuel of utilizing advertising that is deceptive. 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 since 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 game's element of chance as reason to label the contests as gambling.

Mississippi: The fifth state attorney general to decry DFS, Mississippi's lead appropriate authority Jim Hood recently circulated a viewpoint that the contests are certainly gambling and for that reason illegal.

The general consensus among attorneys general that have opined on the industry favors its outlawing while a handful of states have introduced legislation to permit DFS. Virginia State Attorney General Mark Herring hasn't weighed in on DFS yet, but an issuance of help could be a critical development for DraftKings and FanDuel's future there.