NGCB RECOMMENDS USFANTASY FOR LICENSING
Decision now lies with Nevada Gaming Commission.
The Nevada Gaming Control Board (NGCB) has unanimously approved a recommendation for licensure of daily fantasy sports firm Sanderina II, LLCtrading as USFantasy.
Utilising a pari mutuel betting system, USFantasy will provide daily and weekly fantasy sports contents covering the NFL, MLB, NBA, NASCAR, PGA, National Hockey League and other sports.
During his presentation to the NGCB, USFantasy president, Vic Salerno said the platform will be offered to Nevada casinos and disseminated through a licensed Nevada totaliser service enabling contestants to participate in the daily contests at casino, race and sports books and via their mobile devices.
In addition, USFantasy plans to introduce a Pick 7 progressive jackpot that will be awarded to the contestant who correctly picks the winners in all seven events. Those familiar with horse racing know that the progressive jackpots for the Pick 6 is a significant draw and Salerno believes there is no reason that a Pick 7 progressive jackpot in pari-mutuel fantasy sports will be any different.
"Today the GCB licensed Vic Salerno, a long-time well-known sports book operator and licensee to do what I have indicated is legal all along: That is, create a form of daily fantasy sports wagering that can be conducted legally in a regulated fashion within Nevada," stated A.G. Burnett, Esq., Chairman of the Nevada Gaming Control Board.
"We thank the Nevada Gaming Control Board for this opportunity, and look forward to presenting our company to the Nevada Gaming Commission. USFantasy hopes to provide our fantasy sports platform to every regulated racing and gaming jurisdiction in the United States," Salerno concluded.
Final gaming licensing approval of Sanderina II, LLC d/b/a USFantasy will be determined by the Nevada Gaming Commission at its meeting in Las Vegas on June 23, 2016.