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Updates on Illinois DFS Bill

Monday May 30,2016 : ILLINOIS DAILY FANTASY SPORTS BILL LATEST (Update)
 
Sponsor decides to live to fight another day.
 
Illinois troublesome daily fantasy sports bill was effectively shelved but kept alive during a House Judiciary Committee hearing held Sunday evening to get through a heavy workload before the Legislature adjourns Tuesday.
 
Sponsor Rep. Mike Zalewski, who has encountered some heavy opposition from the land casino industry despite a successful passage of his bill H 3655 through the state Senate (see previous InfoPowa report) decided that discretion was the better part of  valour and told the committee that he was tabling the bill but not calling for a vote on it.
 
This effectively shelves the bill, allowing Zalewski more flexibility to return to it and fight another day.
 
The legalisation of DFS has been plagued by opposition since the state AG, Lisa Madigan, opined that the practice was illegal in terms of state law earlier this year. Despite this, Rep. Zalewski launched a legalisation proposal which enjoyed 32-22 support in the state Senate, but encountered difficulty in the House at committee stage.
 
Last Wednesday an informational hearing by the House Judiciary Committee was held, but the bill was not put to a vote and failed to progress.
 
The issue has been further muddied by allegations of unethical conduct by a lobbyist liaising with the House Black Caucus, something which both DraftKings and FanDuel have emphatically denied, but which has allegedly been reported to legislative authorities.
 
The legal action filed by the DFS market leaders, who exited the Illinois market following Madigans negative decision, remains in progress.
 
Zalewski’s final words on H 3655 (for now, anyway) were:
 
“So what I am going to do is, for the moment, not pursue a vote on House Bill 3655. I’m going to continue to have individual conversations with my colleagues. I am going to explain to them why this is good public policy. And I am going to live to fight another day.”

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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