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DFS regulatory bill In California

Wednesday, January 27, 2016 : MORE PROGRESS FOR DAILY FANTASY SPORTS IN CALIFORNIA (Update)
 
Assembly Committee on Appropriations unanimously votes DFS regulatory bill forward.
 
There was encouraging news from California for the daily fantasy sports community this week when the state Assembly Committee on Appropriations voted unanimously to progress AB1437, a measure proposing that operators must take out licensing and pay regulatory fees and taxes in the state in order to offer their products.
 
The bill enjoyed similar success in the Assembly Government Organisation Committee earlier this month, with only Assemblyman Marc Levine voting against it
 
Assemblyman Levine's opposition appears to have caught the attention of the Fantasy Sports Trade Association, which last week embarked on a personalised online and radio advertising campaign targeting the lawmaker, according to a report in the Sacramento Bee newspaper.
 
The FSTA radio spot claims: “State legislators are working to protect your rights to play fantasy football – but not Assemblyman Marc Levine. He’s the politician who wants to ban fantasy football in California.”
 
“If Assemblyman Marc Levine wants to vote no on fantasy football, maybe we should be voting no on Marc Levine,” the ad concludes, sending listeners to a website that urges visitors to “Take Action Now To Protect Fantasy Sports in CA!” by contacting their legislative representatives.
 
Levine remained unmoved this week after the ads aired, and claimed that DFS operators were "hitting the panic button".
 
"They realise I'm right and they’re operating illegally in California," he told local reporters. "They want to muscle their way through the Legislature by putting fear in lawmakers who would like to do the right thing. This is a clear message to lawmakers and the attorney general to get out of the way of their train, and they’re going to run over anyone who dares to speak the truth.”
 
In related news, DraftKings has been investing more lobbying money in California, donating $5,000 this week to a ballot measure campaign committee controlled by Assemblyman Adam Gray, who is driving the bill allowing a regulated fantasy sports industry to operate in California.

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Gambling News :

Malta Gaming Authority's half-year 2016 report - There are 490 gaming license in issue and 257 gaming companies in operation....in the first six months of 2014, those figures were 414 and 271 respectively;

Macau ATM Transaction Limit Lowered - The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .

Vegas Mobile Casino Gets Live Dealer Games - Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.

Cosmic Crystals SLot Launches - 1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.

Playtech Live launches dedicated live roulette room - Playtech's live dealer arm, Playtech Live has launched a dedicated live roulette room operating from a fully custom-built studio bursting with colorful Christmas decorations.

Australian Open To Dunp Gambling Ads - Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.

Olympique Lyonnais In Sponsorship Deal With FDJ - The agreement allows FDJ to introduce its ParionsSport betting terminals in the Parc OL stadium, and the promotion by the club of its website of the same name

BaFin CrackDown on Spread Betting - The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.

How is the CDC Group Spending its Money - Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.

Voodoo Slot Released - The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).

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