Saturday March 5,2016 : DAILY FANTASY SPORTS EXECS TO ADDRESS NEVADA GAMING POLICY MEETING
DraftKings and FanDuel CEOs to travel to Las Vegas for discussions.
According to a report Friday in the Las Vegas Review-Journal, the chief executive officers of daily fantasy sports market leaders DraftKings and FanDuel will address a meeting Monday of the Nevada Gaming Policy Committee in Las Vegas.
"Jason Robins, CEO of DraftKings, and Nigel Eccles, CEO of FanDuel, are part of the line-up of gaming regulators, casino industry officials, analysts and attorneys, who will take part in the daylong discussion at Las Vegas City Hall," LVRJ reporter Howard Stutz writes.
Gov. Brian Sandoval said in a statement that the meeting is to “ensure Nevada is proactively pursuing policies that help maintain our state’s status as the international epicenter for gaming entertainment, regulation, and innovation.”
Stutz reports that DFS is a major topic for discussion on the agenda of the meeting, despite the state regulator already issuing a “cease and desist” order that banned DFS websites from accepting entries from Nevada-based customers.
“This first meeting will set the stage for a high-quality discussion about the rich history of Nevada’s most iconic industry and will call attention to the challenges and opportunities the industry faces,” Sandoval said.
The LVRJ notes that American Gaming Association CEO Geoff Freeman, is also scheduled to address the Policy Committee, and says that daily fantasy sports is a “compelling upstart business caught in a gray legal area between state and federal laws.”
He said Freeman believes that the casino industry is also caught in the gray area because it is unclear if it can do business with daily fantasy sports companies.
“The challenge for regulators, policymakers and the casino industry is to build an effective framework for bringing these new platforms into the fold without strangling the very qualities that make them innovative in the first place,” Freeman said.