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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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Gambling News :
South Africa Going After Illegal Gambling -
In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.
Global Poker League Championship Results -
#gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.
Yahoo DFS Gets Uk License -
#yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.
SPANISH GAMBLING MARKET CONTINUES TO GROW -
Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.
Novomatic Acquires Albanian National Lottery -
#Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.
2016 Massachusetts Gaming Commission Report -
Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.
Jack Lam denies bribe allegations -
Allegations by Philippines Justice Secretary Vitaliano Aguirre that casino tycoon Jack Lam used 'facilitator' Wally Sombero in an attempt to bribe him into protecting Lam interests have been hotly denied by Lam.
Fonbet Gets Russian Betting License -
#Fonbet Russian-licensed operators are required to use officially sanctioned payment hubs called TSUPIS to facilitate government oversight, and this may be a concern for Fonbet at present.
New Attempts to Restore the Wire act -
In the first of these initiatives, which Online Poker Report notes is supported by only eight state AGs (half those who signed a similar letter last year), the signatories seek support for RAWA at a Congressional hearing scheduled for December 9.
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