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D.F.S. BILL MOVES FORWARD IN CONNECTICUT

Friday March 11,21016 : D.F.S. BILL MOVES FORWARD IN CONNECTICUT (Update)
 
Regulatory bill voted forward in House General Law Committee Thursday.
 
A bill to regulate and licence fantasy sports in Connecticut moved forward Thursday after being approved 10 vs. 5 by the House General Law Committee.
 
The measure now moves to the Finance, Revenue and Bonding Committee for further debate.
 
The bill requires the state Department of Consumer Protection to adopt regulations protecting consumers “who play daily fantasy sports contests for prizes" from unfair or deceptive acts or practices that may arise in the gaming process. The bill characterises DFS as a skill game and not online gambling, which is currently illegal in Connecticut.
 
It has provisions restricting participation in DFS contests to persons over the age of 18 if monetary prizes are involved; originally the age of 21 years was stipulated, but this was reduced to 18 on debate, with lawmakers arguing that 18-year-olds can already bet on the state lottery.
 
State Rep. David Baram, co-chairman of the General Law Committee, said the bill remains a “work in progress,” adding:
 
“Since this is so new to the state of Connecticut and it does have a lot of promise, we want to be cautious and a bit on the conservative side as we introduce this to the public.”
 
Market leaders FanDuel and DraftKings, along with the Fantasy Sports Trade Association lobbied for the bill, arguing that DFS is “predominately based on skill, not a game of chance.”
 
Representing the sector, Chris Grim told the committee:
 
“It is not enough to know the most popular teams and their most recognizable stars. Fantasy players need to understand the scoring systems, the particular strengths of different players, the type of offensive scheme that they play in, and the quality of their matchups.”
 
Anne Noble, president of the Connecticut Lottery Corporation, said she didn’t oppose the idea of regulating the fantasy sports industry, but it was important that the state lottery enjoyed a level playing field. The lottery wants authority to sell tickets and promote games online.
 
Earlier this week lawmakers on the state Public Safety and Security Committee raised a bill allowing the sale of lottery tickets online through a licensed vendor (rather than direct from the state lottery). A hearing is scheduled today (Tuesday) to educate members of the state Legislature on the concept and the project.

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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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