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DFS Bill advances in Tennessee

Tuesday April 12,2016 : TENNESSEE HOUSE ADVANCES DAILY FANTASY SPORTS BILL (Update)
 
The state AG may not like DFS but the lawmakers apparently do.
 
Less than a week after Tennessee Attorney General Herbert Slatery issued an opinion that fantasy sports are “illegal gambling,” in state law  a House committee has progressed a bill, HB2105, that would legalise the activity.
 
The Tennessean reports that the House finance subcommittee on Monday approved a measure that would tax companies, such as DraftKings and FanDuel, while also formally allowing the competitions to flourish in Tennessee.
 
In his opinion, released last week, Slatery said the state’s law says any action where someone risks something of value and that risk is based on chance, is considered gambling.
 
Slatery did, however, note that lawmakers could change the state’s law...and they have embarked on a course to do exactly that.
 
The House debate was not without drama; at one point Rep. David Alexander suggested the chairman of the committee get a law enforcement official to arrest proponents of the measure for “breaking the law and promoting gambling.”
 
Responding, fellow Republican lawmaker Rep. Curry Todd said the suggestion was “asinine.”
 
After hearing from the committee’s legal counsel, who assured the committee that merely discussing a proposal did not constitute the crime of soliciting gambling, the committee ultimately approved the measure, sending it to the full Finance, Ways & Means Committee for further scrutiny today (Tuesday).

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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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