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Massachusetts looking to Regulate Daily Fantasy Sports

Tuesday October 20,2015 :  MASSACHUSETTS WEIGHS DAILY FANTASY SPORTS REGULATION
 
Governor and state legislative leaders discuss the way forward.
 
Massachusetts Attorney General Maura Healey's recent finding that daily fantasy sports is on the face of it not illegal in terms of the UIGEA  notwithstanding, political leaders in the state are currently weighing whether to regulate it or not.
 
The Associated Press news agency reports that Governor Charlie Baker and top legislative leaders Senate President Stan Rosenberg and House Speaker Robert DeLeo are discussing the implications of such a move, and await the state Attorney General's input.
 
A spokesperson for the state AG noted Monday:
 
“The federal statute dealing with unlawful Internet gambling left to the states the ability to regulate fantasy sports. We are seeking extensive information about the industry and have spoken with the leading companies directly as part of this review. There is little question that this industry will need to be regulated in order to protect consumers.”
 
Sen. Rosenberg has already said he believes fantasy sports websites amount to gambling and should be regulated and taxed in Massachusetts.
 
Governor Baker said he will await the AG's input, but commented:
 
“Does a game that involves a significant amount of thinking, strategizing tactics and risk fall into the existing statute or not? That’s something we can ask her and I think we probably should.”
 
In related news, state lottery officials in Georgia have questioned whether the daily fantasy sports industry can legally operate in the state.
 
The Associated Press quotes Georgia Lottery attorney Joseph Kim in a report Monday in which he claims that DFS companies appear to violate Georgia law, and says that gaming is generally banned by Georgia's constitution, except for state lottery-run games.
 
Kim told AP that he had communicated with DraftKings and FanDuel on the issue, giving them until October 16 to respond, but that they had not done so. He is therefore considering the next step his state could take.

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Gambling News :

Malta Gaming Authority's half-year 2016 report - There are 490 gaming license in issue and 257 gaming companies in operation....in the first six months of 2014, those figures were 414 and 271 respectively;

Macau ATM Transaction Limit Lowered - The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .

Vegas Mobile Casino Gets Live Dealer Games - Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.

Cosmic Crystals SLot Launches - 1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.

Playtech Live launches dedicated live roulette room - Playtech's live dealer arm, Playtech Live has launched a dedicated live roulette room operating from a fully custom-built studio bursting with colorful Christmas decorations.

Australian Open To Dunp Gambling Ads - Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.

Olympique Lyonnais In Sponsorship Deal With FDJ - The agreement allows FDJ to introduce its ParionsSport betting terminals in the Parc OL stadium, and the promotion by the club of its website of the same name

BaFin CrackDown on Spread Betting - The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.

How is the CDC Group Spending its Money - Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.

Voodoo Slot Released - The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).

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