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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 :

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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