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Missouri DFS Bill H 1941 Approved in senate

Friday, May 13, 2016 :  MISSOURI BREAKTHROUGH ON DAILY FANTASY SPORTS (Update)
 
Bill H 1941 on the way to the governor...and just prior to the deadline.
 
Missouri politicians beat a Friday deadline...just...late Thursday, when the House approved the content of the Senate version of H 1941, a measure seeking to legalise and regulate daily fantasy sports.
 
The bill was sent back to the House by the Senate to reconcile differences in annual fee proposals (see previous InfoPowa reports) and has now been advanced to Governor Jay Nixon's desk for signature into state law, making Missouri the sixth US state to legalise DFS.
 
The annual licence fee language finally agreed provides for the fee to be calculated on the lesser of $10,000 or ten percent of the applicant’s net revenue from Missouri players. This is in addition to tax levied on Missouri net revenue at a rate of 11.5 percent.
 
Operators will be overseen by the Missouri Gaming Commission, and must agree to pay costs not exceeding $50,000 in respect of any MGC enquiry regarding an operator.
 
Operators will also be required to submit to annual audits by independent third parties, and agree to segregate player funds from operational monies. They are required to strictly enforce a minimum age limit of 18 years for contestants, and ensure that employees with insider knowledge do not participate in competitions. Operators are also required to establish player dispute channels and responsible gaming precautionary facilities.
 
DFS competitions may not be based on amateur athletic events, including college sports, and advertising to minors is prohibited.
 
Finally, operators are required to flag highly experienced players (the sharks of the DFS world) and ban the use of unauthorised "assist" software scripts.

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Gambling News :

New Jersey Teams Up With Kahnawake Gaming Commission - The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.

Petition to Ban Online Gaming in Singapore - Singapore Pools and Singapore Turf Club’s application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.

Lost Vegas Slot Launches - “Lost Vegas” is a new release on Microgaming’s October roster, a five-reel 243-payline game that offers punters the option to play in either Survivor or Zombie mode throughout the base game, a choice that affects the symbols and bonus games on offer.

Leap Gaming Partners With Pala Interactive - Israeli-based developer Leap Gaming has clinched its second deal in a week, this with Pala Interactive for the integration of its virtual sports turnkey product to Pala’s white-label social gaming platform.

Sportech Racing Partners With Macau Jockey Club - Sportech Racing and Digital has partnered Macau Jockey Club (MJC) for the provision of a white-label digital pari-mutuel betting platform and other retail solutions.

Bla Bla Bla Studios - Under the terms of the deal Bla Bla Bla Studios will develop and distribute exclusive gaming content for integration into the Quickfire platform.

Betser Powered By SBTech - #Betser is inspired by fantasy football, private betting leagues and social betting. The offer includes a twin-track loyalty scheme devised by Malta-based Hero Gaming, who operate Casino Heroes.

EveryMatrix has appointed Glen Bullen as Sales Manager - Bullen assumes responsibility for the entire casino sales operation, particularly focusing on growing distribution of the newly-updated and expanded CasinoEngine platform into Tier One operators.

Freemasons Fortune Slot Launches - Booming Games has launched Freemasons Fortune, a new 3-reel, nine-payline game inspired by the enigmatic Freemasons fraternal order.

Hollywood Classic Slots launches - Penn Interactive has launched Hollywood Classic Slots, a social casino game developed in collaboration with its recently acquired social gaming company Rocket Games.

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