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DFS Making Progress in NJ

Monday April 11,.2016 : DAILY FANTASY SPORTS BILL MAKING PROGRESS IN NEW JERSEY (Update)
 
Senate bill at second reading stage in Budget Appropriations Committee and an Assembly companion bill in motion.
 
Whilst the US Congress appears to be dragging its feet on a September 2015 review request on daily fantasy sports by New Jersey Assemblyman Frank Pallone), the Garden State legislature is pushing ahead with intrastate measures in both the Senate and the House.
 
The publication NJ.com reported over the weekend that the Senate proposal was approved by the State Senate Committee last month and is at second reading stage in the Budget Appropriations Committee, and an Assembly companion bill has been launched.
 
State Sen. Jim Whelan introduced the measure, which requires daily fantasy sports companies to be regulated and vetted in the same way online gambling companies are.
 
"Clearly it's popular, and New Jersey and New York are big markets for them so considering the legal issues they've run into in New York we want to bring a regulatory framework here that could be a model for other states," Whelan's Chief of Staff Mike Suleiman tolf NJ.com, adding that consumer safeguards include verifying that a player is at least 18-years-old and making it illegal for someone with inside knowledge of games to participate.
 
DFS market leader DraftKings and the Fantasy Sports Trade Association have been working closely with legislators on the bill as they search for legal clarity and certainty for the vertical.
 
According to the Fantasy Sports Trade Association, there were over 57 million people involved in leagues in the United States and Canada alone by 2014, making the vertical a multi-billion dollar business where the average player spends $465 each year.

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Gambling News :

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

Time is Money Slot Launches - Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.

ArenaCube Signs 3 New Deals - Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.

First Woman to Win a WPT Playground Championship - Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.

NHL Odds: Oilers-Blackhawks at the United Cente - Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.

2017 Partypoker.net WPT Playground main event Results - Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.

IGT In Deal With Norsk Tipping - International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.

ZYNGA POKER ENJOYS IMPRESSIVE GROWTH IN 2016 - By re-focusing on the mobile environment and poker, social gaming giant generates revenue of $741 million - without offering real money games!

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