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Virginia Governor signs fantasy sports bill into law

Tuesday, March 8, 2016 : FANTASY SPORTS FIRST FOR STATE OF VIRGINIA (Update)
 
Governor signs fantasy sports bill into law.
 
The Virginia legislative system has wasted no time in legalising fantasy sports in the state, quickly following last week's legislative approval  with Governor Terry McAuliffe's imprimatur making Virginia the first US state to regulate the genre, which includes daily fantasy sports as well as season-long competitions.
 
A last-ditch attempt by season-long fantasy sports operators to exclude daily fantasy sports from the bill's provisions failed.
 
SB646, the “Fantasy Contests Act,” stipulates that all players be 18 years or older and bans employees and immediate relatives from participating in contests. Operators must also keep player funds separate from the company's operational funds, pay a $50,000 fee to operate in the state and submit to an annual audit of their operations by the state Department of Agriculture and Consumer Services.
 
The Governor's office said in a statement: “This bill, which was passed by super majorities of both chambers, will empower Virginia to regulate this emerging industry and keep consumers safe from abuses.”
 
The House of Delegates passed its version of the bill 80-20, followed by the Senate, which passed it 31-9.
 
Major daily fantasy sports operator DraftKings, which lobbied vigorously for the bill, commented:
 
"Today, Virginia became the first state in the nation this year to put in place a thoughtful and appropriate regulatory framework to protect the rights of fantasy players. We thank Governor McAuliffe for his leadership and advocacy and are hopeful that other states across the country will follow Virginia's lead. We will continue to work actively to replicate this success with dozens of legislatures and are excited to continue these efforts."
 
However, not everyone is happy with the new law, and some of the smaller season-long operators say the fees it imposes will put them out of business in Virginia, and that the daily fantasy sports genre constitutes gambling.
 
Rather belatedly, the industry's trade body, the Fantasy Sports Trade Association, expressed reservations about the high fees in the bill and their potential impact on smaller operators.
 
Other opponents claim that the broad language of SB646 could open the intrastate door to alternative forms of online gambling and the rising eSports industry

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Gambling News :

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

Microgaming is set to release three exciting new games in March - Pollen Party will literally have players buzzing with excitement as the ground-breaking, 720 way variable reel online slot is brought to life in a unique honeycomb reel layout.

NBA Odds: Resurgent Clippers Face Warriors in Oakland - After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursday’s game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.

NBA Odds: New-Look Pelicans Host Rockets on Thursday - The New Orleans Pelicans just hosted the All-Star Game and saw their very own Anthony Davis win the MVP. But the celebration was brief because the next day, the Pelicans made a huge trade,

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 Republic’s 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.

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