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New Daily Fantasy Sports Bill For New York
Thursday, February 25, 2016 : NEW D.F.S. BILL LAUNCHED IN NEW YORK
Senate Committee on Racing, Gaming and Wagering chairman introduces new measure.
New York Attorney General Eric Schneiderman, who has been leading the prosecutorial charge against daily fantasy sports, must be gnashing his teeth at the news Wednesday that a new DFS legalisation bill has been introduced in the state Senate.
The influential proposer of the bill - S 6793 – is Sen. John Bonacic, chairman of the state Senate Committee on Racing, Gaming and Wagering, and a consistent supporter of legalised online poker The new bill does a step further than simply recognise DFS as a skill game...it proposes a full-on stringent regulatory regime for the industry in New York state, amending the racing, pari-mutuel wagering and breeding law and the financial services law, in relation to interactive fantasy sports. It includes provisions to:
* Create a Fantasy Sports Contests Division within the Financial Frauds And Consumer Protection Unit to promulgate regulations and license operators;
* Allows DFS operates already active in the state prior to last November 10 to continue to offer their products whilst their registration process is ongoing;
* Imposes a one-time fee of $500,000 which can be applied, in whole or in part, against an operator’s tax obligation for a 36-month period after receiving a license;
* Imposes a tax rate of 15 percent of GGR on revenue from New York players;
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Gambling News :
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.
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.
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.
Pagcor relents on 20 venues -
In an announcement to the local stock exchange Monday, the company revealed that 20 of its 36 e-bingo revocations have been lifted, enabling operations to continue.
Kama Games Selects Unity -
#Unity The Ireland-based Kama Games mobile social games developer has announced its commitment to using the Unity games creation platform, having completed the conversion of the last of its titles from iOS and Android native apps to Unity 5.
Novomatic Slot Competition -
#Novomatic The Americas division of online and land gambling games and equipment supplier Novomatic is briefing delegates to the G2E show in Las Vegas on its new slot concept, which gives players an opportunity to win prizes on national television.
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