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New JErsey Advances DFS Bill
NEW JERSEY SENATE COMMITTEE ADVANCES D.F.S. BILL
Another step toward legalisation for daily fantasy sports.
The New Jersey Senate Budget and Appropriations Committee advanced a proposal to legalise and regulate daily fantasy sports on a vote of 9 vs. 3 Monday, bringing the legalisation of the vertical in New Jersey a step closer. The measure now goes to the Senate floor.
Bill S-1927, sponsored by Sen. Jim Whelan, requires state law enforcement to regulate the business, but allows popular companies already in operation, including DraftKings and FanDuel, to continue operating while they seek permits in terms of the proposed law.
Sen. Whelan explained Monday that the bill requires the fantasy sports sites to pay an 9.25 percent of their yearly gross revenue in New Jersey as a registration fee "...the same tax rate (as that applied) on brick and mortar casinos,” he said.
The bill also bars DFS company employees from playing the games they operate or sharing statistical information that they gather. Whelan said that was in response to the New York Attorney General’s office charges that people involved in the sites were trading insider information.
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Opap in memorandum of understanding With Inspired -
Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.
DeltaCorp To Acquire ace2three -
Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month
More Australian POC Taxes -
In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.
William Hill Exits Russia -
"Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.
Pennsylvania Online Gambling Hearing Postponed till October -
HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.
Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
ASA Looking at Ladbrokes and Netbet ads -
A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.
Betconstruct In Deal With Realistic Games -
BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.
XLMedia Half 1 2016 Earnings Report -
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.
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