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American Gaming Association weighs in on Daily Fantasy Sports

Thursday, November 12, 2015 : AGA WEIGHS IN ON U.S. REGULATION OF SPORTS BETTING AND DAILY FANTASY SPORTS

Need for shift in industry approach.

The American Gaming Association’s (AGA) Board of Directors weighed in on the issue of daily fantasy sports (DFS) regulation and the industry’s approach to sports betting with a set of recommendations it says will mark a major shift in the industry’s approach.

Recommendations include the building of a broad coalition to determine whether a rational alternative to current sports betting law exists which might include strict regulation; rigorous consumer protections; and
robust tools to help law enforcement eliminate illegal sports betting and strengthen the integrity of games.  

On DFS, the AGA wishes to see the product succeed but agrees prerequisites need to include legal clarity state-by-state and rigorous consumer protections .

“As we move forward, the AGA will work with law enforcement, sports leagues and other interested parties to consider effective approaches that protect consumers and the integrity of sports,” an AGA press statement reads.
 
“The recommendations reflect broad industry consensus and were developed by leadership from the industry’s casino operators, suppliers and sports book operators in Nevada and across 40 states through a Sports Betting Task Force, which unanimously agrees that current law is not achieving its intended result.”
 
Chairman of the AGA and MGM Resorts International chairman and chief executive officer Jim Murren supports the view of a wide variety of stakeholders that “rampant, unregulated and illegal sports betting is a threat to consumers and the sports we enjoy.”

“As the head of the largest private sector employer in Nevada, I’m confident that the entertainment experience we provide in Las Vegas – which is unmatched anywhere else in the world – can continue to excel even as our country takes a fresh look at our approach to sports betting,” Mullen said.
 
The AGA estimates illegal wagering in the U.S. reached $140 billion this year alone.
 
The organisation said its 2016 push will include robust research, aggressive communications and partnerships with a variety of interested parties in sports betting, including gaming leaders, law enforcement officials, regulators, legislators and professional sports leagues.

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Gambling News :

GVC In Content Deal With Microgaming’s Quickfire - Microgaming-powered Prima Networks Limited will supply over 50 new titles to GVC’s recently acquired bwin Casino, PartyCasino and Party Poker gaming sites within the coming weeks.

Opap in memorandum of understanding With Inspired - Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.

DeltaCorp To Acquire ace2three - Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month

More Australian POC Taxes - In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.

William Hill Exits Russia - "Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.

Pennsylvania Online Gambling Hearing Postponed till October - HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.

Two Mega Fortune Dreams Jackpots Hit - Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.

ASA Looking at Ladbrokes and Netbet ads - A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.

Betconstruct In Deal With Realistic Games - BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.

XLMedia Half 1 2016 Earnings Report - Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.

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