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POLITICAL ACTIVITY ON NEW YORK DAILY FANTASY SPORTS BILL

FRANTIC POLITICAL ACTIVITY ON NEW YORK DAILY FANTASY SPORTS BILL (Update)
 
With just a day left of this years Assembly session in New York, lobbyists and lawmakers search for a compromise.
 
New York media reports indicate that lobbyists and lawmakers are currently under pressure from todays (Thursday) legislative deadline as they try to build a deal that will legalise daily fantasy sports betting in the state,
 
Current legislation in the Assembly seeks to regulate and tax fantasy games while clarifying that they are not considered illegal gambling under state law.
 
But the Legislature adjourns June 16 (today), and state AG Eric Schneiderman is likely to enforce his opinion that DFS is illegal under state law , permanently excluding DFS companies from lucrative operations in New York.
 
At present an uneasy truce exists between the AG and leading DFS firms DraftKings and FanDuel, which have agreed to suspend operations in New York to give lawmakers an opportunity to legalise the genre.
 
New York is the industry’s second-largest market, producing an estimated $267 million in entry fees in 2015, according to industry analyst firm Eilers & Krejcik Gaming.
 
News late Wednesday from New York indicated that a compromise has been achieved by legislators in the Senate and Assembly racing and wagering committees. This would reportedly class DFS games as games of skill under the authority of the New York Gaming Commission, with tax returns allocated to state education.
 
Assembly Racing and Wagering Committee chairman Gary Pretlow told reporters late Wednesday that the deal had been achieved through a collaborative effort involving both Senate and Assembly, but it remained uncertain whether the bill would pass muster with rank-and-file legislators in both houses and with state Gov. Andrew Cuomo.
 
The draft contains provisions for a tax on GGR of 15 percent and a 0.5 percent of GGR as a licensing fee.
 
“They may have a language agreement on daily fantasy sports but I still have to check and see if there are Democrats who support the legislation and thats what were doing,” said Assembly Speaker Carl Heastie.
 
Governor Cuomo will also have to sign off on any bill agreed by the Legislature.
 
And the deadline clock is ticking....

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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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