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Nevada Bans Daily Fantasy Sports

Friday October 16,2015 :  NEVADA REGULATOR BANS DAILY FANTASY SPORTS (Update)
 
"This is gambling," says Nevada Gaming Control Board.
 
In the latest blow to the beleaguered daily fantasy sports vertical, the Nevada Gaming Control Board has ruled after an analysis of the genre that its activities constitute gambling, and that operations in the state by companies without licensing like DraftKings and FanDuel must halt immediately.
 
The ruling caps a fortnight that has seen extensive negative media coverage, political and enforcement concerns, the convening of a Grand Jury in Florida, Attorney General reviews in two states, calls for a Congressional hearing, an FBI investigation and at last count player class actions in three states following allegations of questionable "insider" activity at DraftKings and FanDuel
 
The ruling will be a blow to the market leaders, who have held some of their biggest live DFS events in Las Vegas; unless they can obtain licensing these will have to be relocated in the future.
 
Investors will also be concerned; both FanDuel and DraftKings have raised hundreds of millions of dollars from investors, used mainly to fuel massive advertising and promotional budgets as the billion-dollar rival companies strive to attract more players, and the Nevada decision could influence other states.
 
Media organisations will be monitoring the situation closely - DraftKings and FanDuel between them have boosted US media revenues by spending a combined total of around $150 million on advertising between June and September this year alone.
 
Responding to the Nevada ban, DraftKings said that it "strongly disagreed" with the NGCB decision and the exclusionary approach adopted by the regulator. The operator promised to work diligently to ensure that Nevada residents "...have the right to participate in what we strongly believe is legal entertainment that millions of Americans enjoy."
 
However, the company accepted that it will have to "temporarily" disable its product for "our thousands of customers in Nevada in order to be compliant in all jurisdictions.”
 
FanDuel commented that it was disappointed at the NGBC decision, noting that it meant that only incumbent Nevada casinos may offer fantasy sports.

"This decision stymies innovation and ignores the fact that fantasy sports is a skill-based entertainment product loved and played by millions of sports fans," the company said. "This decision deprives these fans of a product that has been embraced broadly by the sports community including professional sports teams, leagues and media partners.
 
"We are examining all options and will exhaust all efforts to bring the fun, challenge and excitement of fantasy sports back to our Nevada fans. In the interim, because we are committed to ensuring we are compliant in all jurisdictions, regrettably, we are forced to cease operations in Nevada.”
 
Eric Hollreiser, the communications chief at Amaya, which owns DFS operator StarsDraft, was quick to comment on the Nevada ban, saying in a statement: "As proponents of state regulation of DFS we respect the state's decision and no longer allow Nevada consumers to play on StarsDraft."



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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