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USFantasy DFS gets Nevada License

NEVADA REGULATOR APPROVES LICENCE FOR DAILY FANTASY SPORTS COMPANY
 
Sanderinia II authorised to provide USFantasy DFS action to major Nevada casinos.
 
In a unanimous vote this week, the Nevada Gaming Commission has approved the licensure of Sanderina II to provide daily fantasy sports (DFS) contests to major casinos in Nevada.
 
The casinos will subscribe to the USFantasy platform through a licensed disseminator, which will distribute the contests to race and sports books within Nevada casinos.
 
USFantasy contestants will have the chance to win a $1 million prize in a weekly professional football contest.
 
In addressing the Nevada Gaming Commission, Vic Salerno, president of the company, explained, "We will begin operations in August with daily fantasy professional baseball and then football and continue with a library of over 11,000 different events annually."
 
The fantasy contests will offer Win/Place/Show, Exacta and other exotic wagering for all sports contests offered. For pro fantasy football, a $1 million progressive jackpot Pick 7 contest is planned for correctly selecting the winners of seven different contest categories.
 
The progressive jackpot pool will grow weekly if there is no contest winner.
 
The USFantasy daily fantasy platform uses a pari-mutuel system, which Salerno says creates a fair and transparent environment for all contestants. The contest selection process is simple with less than twenty entries in each contest category.
 
"We are actively working with the legislative and regulatory bodies of several states to propose the adoption of the USFantasy platform as a turn-key way to regulate, provide tax revenue, and offer a fair platform for fantasy sports through casinos, racetracks, and lotteries where legal," Salerno revealed, claiming that the Nevada licence is the first DFS licence granted by any regulatory body in the United States.

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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