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Connecticut Warning On Legal Daily Fantasy Sports

Tuesday, April 19, 2016 : CONNECTICUT A.G. WARNS ON DAILY FANTASY SPORTS APPROVAL (Update)
 
Lawmakers will likely be cautious following warning on tribal compacts.
 
The Connecticut Attorney General may have thrown a major spanner in the daily fantasy sports approval works Monday with his warning that legislation allowing the vertical to operate in the state presents a danger to Connecticut's lucrative revenue-sharing compact with two tribal land casino groups.
 
AG George Jepsen's opinion was requested earlier this year by two leading politicians (see previous InfoPowa report), and emphasises that there is a "high degree of uncertainty" regarding whether skill or chance predominates in DFS competitions.
 
Authorising DFS has the potential to violate the agreements with the tribes if played on a device the tribes consider to be a video facsimile, or if the tribes consider fantasy sports to be a casino game, he opined.
 
The Associated Press news agency reports that the Mashantucket Pequot and Mohegan Tribal Nations have exclusive rights to operate video facsimile games in exchange for providing the state with 25 percent of the revenues, an arrangement through which the state receives more than $250 million annually from the Mohegan Sun and Foxwoods Resorts Casinos in the state.

The AG's view resulted in an immediate cool-off by state Senate President Martin Looney, who responded by observing that the opinion points to the potential, substantial risk that state regulation of daily fantasy sports could have on the agreement with the tribes.
 
"Due to the risk and uncertainty that would result from a potential legal challenge, the prospect of passing legislation this session is unlikely," Looney said.
 
The DFS bill currently progressing through the state House of Assembly Finance Revenue and Bonding Committee proposes the imposition of fees on fantasy sports operators that include an 8.75 percent surcharge on total entry fees.
 
It prescribes consumer protection regulations which the state's Department of Consumer Protection would be tasked to draft, and specifically excludes DFS from the state definition of gambling.
 
Whilst the tribes have not thus far opposed the legislation, they have flagged the need for consultation with them.

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Gambling News :

Pokerstars Now Lead Sponsor of Global Poker League - Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.

Betconstruch invests in Ucrafts - BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.

Plus500 Founders Selling Off Shares - Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.

Rush Golf Live Launches - Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.

British Basketball League in Deal With Perform - The British Basketball League has agreed a six-year deal with Perform, a digital sports content and media group, for the distribution and sale of all global media-related rights.

Ashley Sandyford Sykes Sharing Slot Expertise - Sandyford-Sykes has experience in the development of over a hundred popular online slot titles and led the Quickfire development team at Microgaming.

2016 WPT National Marrakech High Roller Results - Spanish poker pro Nabil Cordoso boosted his career earnings by a useful $66,873 this week when he was awarded the first prize in the PMU.fr WPT National Marrakech High Roller event in Marrakech.

GreenTube and Chopsticks In Partnership - Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.

DraftKings Investigating Collusion Complaint - The stigma of cheating has surfaced again in the daily fantasy sports sector following allegations that two players colluded in a million dollar contest at DraftKings.

Singapore Gambling Exemptions Granted - The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.

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