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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 :

GVC In Content Deal With Microgaming’s Quickfire - Microgaming-powered Prima Networks Limited will supply over 50 new titles to GVC’s recently acquired bwin Casino, PartyCasino and Party Poker gaming sites within the coming weeks.

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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