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Pennsylvania DFS Report

PENNSYLVANIA GAMING CONTROL BOARD PUBLISHES D.F.S. REPORT (Update)
 
Regulate daily fantasy sports in much the same way as land casino industry, regulator recommends.
 
Pennsylvania lawmakers have received the report and recommendations on daily fantasy sports which they commissioned from the Pennsylvania Gaming Control Board, and the results are as many observers expected...DFS should be subject to the same or very similar stringent regulation that the land casino industry is governed by, with the Board exercising oversight.
 
DFS companies hoping for a milder form of acceptance will be disappointed in the conclusions reached, but it is now the lawmakers who must decide what to do about DFS...possibly as part of an omnibus gambling reform bill which appears to be morphing out of Rep. John Payne's online gambling legalisation bill HB 649
 
The PGCB report has been made available to the public here:
 
http://gamingcontrolboard.pa.gov/files/communications/pgcb_Fantasy_sports_report_2016.pdf
 
A key - and novel - recommendation is that the vertical is offered by existing state slot machine licensees as a gaming related facility operated through licensee web-sites. This appears to require that DFS firms would be subject to suitability screening before forming service partnerships with Pennsylvania-licensed gaming companies
 
The Board suggests that the best way to handle the DFS legality question is to link it to the online gambling legalisation bill HB649 along with other gambling reform proposals. The Board's opinion appears to be that DFS is in reality another form of internet gambling.
 
The report does not deal with licensing fees and taxes.
 
Rep. Payne's House Gaming Oversight Committee has announced that the scheduled May 27 deadline for the presentation of the PGCB report is no longer relevant, which leaves the tentatively scheduled June 1 hearing of the committee as the next likely exchange of views on DFS, followed  subsequently by regulatory drafting and possibly the inclusion of the DFS elements in HB649.

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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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