DraftKings and FanDuel Petition Nevada Gaming Policy Committee for Inclusion

Nevada is home to more gambling than every other state, nonetheless it currently doesn’t allow residents to take part in daily fantasy sports. DraftKings and FanDuel hope to change that in 2017.
DraftKings and FanDuel are asking the Nevada Gaming Policy Committee to consider recommending towards the continuing state legislature that a ‘fantasy recreations license’ be developed and passed. The two fantasy that is daily (DFS) leaders will present their case when the committee meets in Las Vegas on August 23.
The DFS platforms ceased operations into the Silver State after Nevada Attorney General Adam Laxalt issued an opinion October that is last that, ‘Daily dream recreations constitute sports swimming pools and gambling games.’
In response, the continuing state stated DFS companies like DraftKings and FanDuel would need to seek a sports gambling license to continue operating. To date, neither has sought this type of permit.
It appears the DFS powerhouses alternatively think their contests, which they claim are games of skill and not luck, might still find legal ground to stand on in Nevada.
DFS Sends in Lawyer
Representing both DraftKings and FanDuel, attorney Scott Ward will argue on behalf of daily dream companies. Ward is no stranger to DFS, and recently helped sway the brand new York Assembly into passing fantasy recreations legislation.
The Washington, DC, lawyer myfreepokies.com is hoping to do exactly the same in the Silver State. ‘ We think the final end result will be our cap ability to return and operate in Nevada,’ Ward told the Review-Journal.
In pre-meeting documents released on the Nevada Gaming Control Board website, DraftKings and FanDuel are apparently taking their steps that are first policymaking.
The firms have presented legislation that is sample how DFS regulation might work in Nevada. Likely authored by Ward’s firm, the proposition demands a $500 license application charge with annual renewals at $10,000 or five percent of revenues.
It could also require DFS companies to keep player funds separate from operating reports, and individuals holding a far more than 15 percent stake in a DFS company could be barred from participating.
The document says nothing about potential taxes the state might collect.
USFantasy truth
The Nevada legislature will not reconvene until February 2017, meaning the biggest DFS platforms will miss away with this year’s entire NFL season. But one dream sports company won’t, and it could have the market all to it self.
USFantasy Sports, a pari-mutuel fantasy sports system produced by longtime Vegas gaming veteran Vic Salerno, ended up being approved by the Nevada Gaming Commission unanimously in June.
The distinctions between the contests offered on DraftKings and FanDuel and the opportunities that are betting USFantasy are significant. Instead of selecting a roster of players as is typically the case because of the industry leaders, USFantasy will more resemble that of closely horse racing.
Athletes are selected to Win, Place, and/or Show, and multi-selection ‘team’ contests will feature choices such as for instance Pick Three and Trifecta.
For example, say you wager on Aaron Rodgers to get probably the most fantasy points during an NFL week. He’s detailed at probability of 5/2, which is the bettor’s payout should Rodgers have actually the week that is best at quarterback.
USFantasy would be smart enjoy its monopoly this year, because if DraftKings and FanDuel get approved in 2017, the companies will likely regain the majority that is vast of DFS market.
PAGCOR Rejects Ownership of Philweb, as Philippine President Rodrigo Duterte Seeks to Destroy Ongpin
Filipino billionaire Roberto Ongpin’s last-ditch attempt to save his gaming company Philweb from the wrath of the country’s President Rodrigo Duterte’s anti-online gambling crusade could have hit a dead end. But Ongpin is attempting every strategy in his toolbox to save the ongoing business from total collapse.
Ongpin said on Friday if it would get PAGCOR to renew PhilWeb’s gaming license that he would put his entire stake in PhilWeb towards drug rehab clinics in the country. It’s ambiguous if these clinics currently occur, or could be a new public and private joint effort. At the time of this writing, there is no word on whether Ongpin’s latest offer might be accepted by Duterte or PAGCOR.
Philippine President Rodrigo Duterte (left) has therefore far been unbending in working together with PhilWeb President Roberto Ongpin (right), who states he now just wants to save their employees’ jobs no matter what. (Image: news.abs-cbn.com)
Earlier this Ongpin offered to donate almost all of his majority stake in the company to state operator-regulator PAGCOR, in an attempt to save the business and its 6,000 employees week. But PAGCOR said yesterday that it would reject the offer, saying its hands were tied by Duterte’s harsh and immoveable stance against on line gambling.
Until recently, Philweb operated 299 ‘E-game boutiques’ throughout the country, which offered variations of online gambling, such as video poker and slots, via roughly 8,000 terminals. This past year, Philweb’s operations contributed around $12.2 million to government coffers.
But earlier this month, the business was forced to announce that it would wind its operations down, because of PACGOR’s refusal to renew its license under orders from the brand new president.
Duterte Death Squads
Rodrigo Duterte swept to power in June with the promise of being tough on crime, and that meant zero tolerance of online gambling. To Duterte, being tough on crime additionally means supporting vigilante death squads that carry out of the extra-judicial killings of criminals and habitual medication users on his behalf.
As mayor of Davao City, he declared criminals to be ‘legitimate objectives of assassination,’ and once offered a reward to anybody who could ‘bring him the head’ of a gang leader that is local. It’s a mindset that prompted TIME Magazine to give him the nickname ‘The Punisher,’ after Marvel Comics’ violent crime-fighting antihero.
But on his rise to energy, Duterte also declared war regarding the ‘oligarchs,’ whom he believed were ‘embedded in government’ where they practice ‘influence peddling.’ And Ongpin was a name Duterte specifically designated in that regard.
‘I am fighting a monster,’ he declared. ‘I have always been just two months [into the presidency], but think me, I will destroy their clutches in our nation.’
Ongpin’s Last Stand
Earlier this week, A ongpin that is desperate wrote PAGCOR offering to transfer ownership of the company, on the condition that its gambling permit could be renewed.
‘ I am of course assuming that if PAGCOR would own 49 per cent of PhilWeb, it would renew the license to itself and, thus, save the working jobs and livelihoods of about 6,000 employees and their families,’ wrote Ongpin.
‘In closing, I wish to state that, despite my deep personal pain that is financial I bear no rancor against PAGCOR nor the President,’ the billionaire added.
‘In my frequent travels overseas for my company activities, I am inevitably asked about my estimation of the government that is new, without exclusion, i say that I am optimistic about the performance associated with the new federal government in the Philippines, not only in economic terms but also with regard to the eradication of the pernicious drug menace and corruption in government.
‘Without reservation, we pledge to continue to do so,’ he added.
Possibly a bit that is little sell, and no term yet on whether PAGCOR or Duterte are buying it, literally or figuratively.
Northeast Casino Expansion Good for Dealer Class Business
An accomplished poker player inside her own right, Big Deal Casino Academy owner Wendy Rubin is hoping to capitalize on northeast casino expansion by training tomorrow’s dealers. (Image: Clive Rose/Getty Photos)
Northeast casino expansion is expected to create revenues to statehouses through taxes, add thousands of construction and jobs that are permanent and prevent gaming monies from crossing into neighboring jurisdictions.
Casinos are currently being built in New York and Massachusetts. And also for the first licensed casino dealer school in ny, the development is situating the enterprise in a prime position.
Entrepreneur Wendy Rubin’s Big Deal Casino Academy in Manhattan provides classes for a selection of popular games including poker, roulette, and craps. The school is licensed by this new York Education Department.
The newest York State Gaming Commission authorized three upstate gambling enterprises December that is last Rubin is hoping to organize a great number of the future hires. The gambling enterprises will be located in Schenectady near Albany, the Finger Lakes, and Monticello.
New Jersey voters may also decide this whether to amend the Garden State’s constitution and bring casinos north november.
‘you are qualified to get a casino job,’ Rubin told the New York Business Journal this week if you take and pass the poker class. Rubin’s academy operates in Manhattan’s Flatiron district and typically has two or three classes running each month.
Continuing Education
Courses at the dealer school last between 40 and 280 hours, and cost about $2,000 each. Once a learning student completes the 40-hour ‘Intro to All Games’ course, he or she can find the game of the choosing.
Poker and roulette curriculums operate 80 hours, as the craps that are complicated requires 280 hours in the classroom. Once completed satisfactorily, students are accredited by having a certification that is nationwide.
Rubin says dealers make between $20 and $40 a full hour on average. Considering a per hour rate of $40 equates to a yearly salary of $83,200 before taxes, the casino school is attracting a sizable demographic.
College Board, an organization that is non-profit makes students for the university, reports that the average yearly tuition at a public four-year college for an in-state pupil is $9,410. That number balloons to $32,410 for a personal institution that is four-year.
Compare that to your $4,000 a Big is cost by it Deal Casino Academy student to become accredited to deal poker, and the appeal is apparent.
The National Association of Colleges and companies reports the common salary that is first-year a college grad is $50,556. That’s $32,600 lower than a casino dealer that is top-tier.
Assist Wanted
When the Trump Taj Mahal officially closes on October 10, another 3,000 workers will be without jobs in Atlantic City. The casino will be the town’s 5th casualty since 2014.
MGM National Harbor is hoping to attract a number of the skilled workers to its Washington, DC, resort which will open this fall.
For anyone workers willing and capable of uprooting and relocating, plenty of casino jobs are available in the northeast.
The three New York casinos are likely to hire nearly 5,000 positions. If the New Jersey referendum passes, the two resorts that will demand minimum assets of $1 billion will add a large number of more jobs towards the region.
The MGM Springfield says its casino shall create 3,000 jobs when it opens in 2018, and Wynn Boston Harbor claims 4,000 positions need to be filled at its $1.7 billion resort.
Zombie Apocalypse Heads to Las Vegas Casinos
Expect swarms of zombies in casinos in 2017. To the Dead is one game increasingly being ‘gamblified’ by software company Gamblit. (Image: PikPok.com)
Zombies are coming to Las Vegas. But before you operate for your underground shelter, stocked with, like, 600 rounds of ammo and maybe a hatchet, rest assured, this is just the main casino industry’s new initiative to appeal to the generation that is millennial.
Mobile zombie-runner game, Into the Dead, which was originally released by PikPok on iOS and Android in 2012, and futuristic racing game, Breakneck, are just two video gaming currently being ‘gamblified’ by software company Gamblit Gaming.
We’ve all seen zombies buttons that are mindlessly pushing slots in Vegas, but quickly they will be inside the slots. Gamblit specializes in real-money gambling and ability games hybrids, which casinos both in Vegas and Atlantic City believe could function as the answer to attracting the easily-bored millennial.
Channeling Millennials
Reared on console gaming, the more youthful generation has small curiosity about the one-dimensional slot machine, devoid, because it is, of strategy and skill. They additionally have small appetite for the simplistic methods of the table that is traditional so beloved of these Uncle Hanks and Auntie Brendas.
Nope, they like zombies and stuff.
While visitors to Las Vegas are coming greater in volume than before, the haul from actual gaming makes up a far smaller proportion of overall revenue than it used to. That’s why casino professionals are eager to examine new methods of channeling the evasive millennial, and in doing this humankind that is luring to the casino floor.
