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Florida Reviewing in Daily Fantasy Sports are legal

Wednesday October 14,2015 :  FLORIDA LAWMAKERS TO EXAMINE LEGALITY OF DAILY FANTASY SPORTS?
 
Completion of current pact with Seminoles will see a review of gambling in the state.
 
The Florida state legislature could re-examine its position on daily fantasy sports following the high profile furore over the "insider" issue that erupted two weeks ago...and the opportunity for such a review could be the expiration of the current gambling compact with Seminole tribal interests.
 
The publication Palm Beach Post reports that the end of the current gambling compact with the tribe means that state lawmakers will review the state’s entire gambling picture...and one of Florida’s leading voices in gambling legislation, Republican Sen. Rob Bradley, has already started pushing for a debate on the topic.
 
Bradley, who chairs the Florida Senate Regulated Industries Committee, told the Miami Herald this week that DFS operators are promoting a product that "...looks a lot like sports betting.”
 
InfoPowa readers will recall that a federal Grand Jury was launched in Florida last week to look into the "insider" allegations surrounding DFS operators DraftKings and FanDuel.
 
The Post points out that back in 1991 the then-state Attorney General opined that under state law fantasy sports betting was not legal, but that the federal Unlawful Internet Gaming Enforcement Act of 2006 specifically excluded fantasy sports from banned online gambling on the principle that fantasy sports betting relies more on skill than chance.
 
This left the door open to the more immediate daily fantasy sports genre which has proved massively popular, generating billions of dollars...a phenomenon not foreseen in 2006 by Congress.
 
The Post reports that earlier this year FanDuel, DraftKings and the Fantasy Sports Trade Association started hiring some of the most influential lobbyists in Florida, even though no legislation is currently pending in the state.

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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