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Nj Looking at DFS Bill

Tuesday, March 8, 2016 : NEW JERSEY SENATE TO MULL DAILY FANTASY SPORTS BILL
 
Senator Jim Whelan launches S.1927.
 
New Jersey has joined the procession of US states with legislative intentions on daily fantasy sports, with the introduction to the state Senate of S.1927 by Senator Jim Whelan Monday.
 
A presser from the senator's offices reveals that the measure is specific to daily fantasy sports (it apparently leaves season-long fantasy sports as is) and seeks to avoid fees and taxes that are so high as to prove an obstruction to smaller DFS companies that would like to operate legally in the state.
 
The measure Whelan unveiled Monday would have the state Department of Law and Public Safety oversee the games in New Jersey, issuing permits to casino operators and other business ventures that want to conduct daily fantasy sports in the state.
 
The bill proposes a tax rate equivalent to that paid by Atlantic City land casino operators of 9.25 percent of GGR, and contains the now-familiar provision of prohibiting DFS employees and family members from playing in DFS contests, along with safeguards against underage or problem gambling, and requirements that operators segregate player funds from operational monies.
 
"I can confidently say that we have a good bill that puts important consumer safeguards in place while not impeding people's ability to play and enjoy daily fantasy sports," the senator said in a statement Monday. "As I have said from the beginning, New Jersey can be a model for the rest of the nation of how to effectively and efficiently regulate daily fantasy sports."
 
Whelan's bill would only regulate daily fantasy sports, not season-long competitions.
 
New Jersey joins about 30 states that have introduced bills to regulate the industry. At least two other states, California and New York, have proposals to tax the games.
 
More details on the bill are awaited, but Whelan has moved quickly to organise a Senate Economic Growth Committee hearing on the bill this Thursday.

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Gambling News :

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.

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.

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