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DraftKings and FanDuel CEOs to travel to Las Vegas for discussions

Saturday March 5,2016 : DAILY FANTASY SPORTS EXECS TO ADDRESS NEVADA GAMING POLICY MEETING
 
DraftKings and FanDuel CEOs to travel to Las Vegas for discussions.
 
According to a report Friday in the Las Vegas Review-Journal, the chief executive officers of daily fantasy sports market leaders DraftKings and FanDuel will address a meeting Monday of the Nevada Gaming Policy Committee in Las Vegas.
 
"Jason Robins, CEO of DraftKings, and Nigel Eccles, CEO of FanDuel, are part of the line-up of gaming regulators, casino industry officials, analysts and attorneys, who will take part in the daylong discussion at Las Vegas City Hall," LVRJ reporter Howard Stutz writes.
 
Gov. Brian Sandoval said in a statement that the meeting is to “ensure Nevada is proactively pursuing policies that help maintain our state’s status as the international epicenter for gaming entertainment, regulation, and innovation.”
 
Stutz reports that DFS is a major topic for discussion on the agenda of the meeting, despite the state regulator already issuing a “cease and desist” order that banned DFS websites from accepting entries from Nevada-based customers.
 
“This first meeting will set the stage for a high-quality discussion about the rich history of Nevada’s most iconic industry and will call attention to the challenges and opportunities the industry faces,” Sandoval said.
 
The LVRJ notes that American Gaming Association CEO Geoff Freeman, is also scheduled to address the Policy Committee, and says that daily fantasy sports is a “compelling upstart business caught in a gray legal area between state and federal laws.”
 
He said Freeman believes that the casino industry is also caught in the gray area because it is unclear if it can do business with daily fantasy sports companies.
 
“The challenge for regulators, policymakers and the casino industry is to build an effective framework for bringing these new platforms into the fold without strangling the very qualities that make them innovative in the first place,” Freeman said.

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Gambling News :

South Africa Going After Illegal Gambling - In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.

The Winning Express arbitrage sports betting scheme - A UK-based GBP 27 million arbitrage sports betting scheme, The Winning Express, has collapsed, leaving a thousand investors with concerns that their money is lost, according to a BBC report over the weekend.

Global Poker League Championship Results - #gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.

Yahoo DFS Gets Uk License - #yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.

SPANISH GAMBLING MARKET CONTINUES TO GROW - Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.

Novomatic Acquires Albanian National Lottery - #Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.

2016 Massachusetts Gaming Commission Report - Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.

Jack Lam denies bribe allegations - Allegations by Philippines Justice Secretary Vitaliano Aguirre that casino tycoon Jack Lam used 'facilitator' Wally Sombero in an attempt to bribe him into protecting Lam interests have been hotly denied by Lam.

Fonbet Gets Russian Betting License - #Fonbet Russian-licensed operators are required to use officially sanctioned payment hubs called TSUPIS to facilitate government oversight, and this may be a concern for Fonbet at present.

New Attempts to Restore the Wire act - In the first of these initiatives, which Online Poker Report notes is supported by only eight state AGs (half those who signed a similar letter last year), the signatories seek support for RAWA at a Congressional hearing scheduled for December 9.

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