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CTBA Political eBrief Monday, March 28, 2016

“Given the cost constraints of our hobbyist business model, any requirement that we each pay a $50,000 licensing fee to the state of Virginia would lead us each to exit the Virginia marketplace — thus depriving hundreds of thousands of Virginia sports fans of access to play in their favorite traditional fantasy sports games.” A letter written to Virginia Governor Terry McAuliffe, signed by four small fantasy sports operators, addressing the regulatory legislation that was recently approved in Virginia that requires a $50,000 licensing fee, in CBS Local Miami --- “RAWA still exists, so this is no victory lap. We all need to keep up the pressure on lawmakers and ensure this does not end up sneaked in later on.” Poker Players Alliance Vice President Rich Muny said of a recent report from U.S. Gambling Compliance that implies that the demise of RAWA is imminent, in Online Casino Reports

 


Fast Keeps Pace, Wins WPT L.A. Poker Classic (CA – Poker Classic)
Ante Up Magazine (March 26, 2016) After six days of no-limit hold’em, Dietrich Fast emerged atop a field of 515 of the world’s best players to take home his first WPT title by winning the L.A. Poker Classic at the Commerce Casino in Los Angeles.
Daily Fantasy Sports Regulations Announced By Massachusetts Attorney General (MA – Fantasy Sports)
World Casino News (March 27, 2016) Maura Healey, the Attorney General of Massachusetts, has officially filed the regulations she has created to oversee daily fantasy sports operations in the state.
DraftKings To Play Ball With MA. Attorney General Maura Healey (MA – Fantasy Sports)
Boston Herald (March 26, 2016) Controversial fantasy sports juggernauts DraftKings and FanDuel say they’ll abide by regulations finalized by Attorney General Maura Healey — even if they don’t agree with some of them.
Fantasy Sports Regulation Bill Approved By Pence (IN – Fantasy Sports)
The Indiana Lawyer (March 25, 2016) Indiana Gov. Mike Pence Thursday signed a bill giving the Indiana Gaming Commission authority to regulate daily fantasy sports companies. The bill includes requirements that players be at least 18 years old, prohibits contests based on college or high school sports and sets an initial licensing fee of $50,000 for companies such as DraftKings and Fan Duel.
State Bills Allowing Fantasy Sports Could Hurt Small Operators With Hefty Licensing Fees (FL – Fantasy Sports)
CBS Miami (March 27, 2016) On Friday, Indiana’s governor signed a bill allowing the state’s gambling commission to regulate fantasy sports and charging companies a one-time licensing fee of $50,000 with a $5,000 annual renewal fee. Smaller companies in the exploding fantasy sports industry say they could be shut out of doing business in some states by legislation.
Colorado Wants To Regulate Daily Fantasy Sports Leagues – And They’re OK With That (CO – Fantasy Sports)
The Denver Post (March 28, 2016) A bipartisan bill introduced Thursday would create a Colorado Office of Fantasy Sports to draft rules that ensure the games are played fair and square and not as a front for illegal gambling. And that sounds great to the Fantasy Trade Sports Association.
Iowa Riverboat Gambling Is 25 Years Old (IA – Gaming Economy)
The Courier (March 27, 2016) Riverboat casinos first paddled along the Mississippi River in Iowa on April 1 a quarter century ago, dropping anchor in a few of the cities suffering most from a crippled state economy.
Securities Probe Links Amaya CEO, Brother To Illegal Trades In Seven Companies (Int. – Internet Poker)
CalvinAyre.com (March 27, 2016) A Montreal newspaper has reported that the older brother of Amaya Gaming CEO David Baazov illegally funneled insider company information to the brother’s bookmaking partner to reap $1.5m in illict profits.
PokerStars, The Largest Poker Website, Returns To US (NJ – Internet Poker)
The Australian (March 28, 2016) The world's largest internet poker company has set up shop in New Jersey, marking its return to the United States in what the industry hopes will give a boost to the nation's largest online gambling market.
US Online Gambling: Is The End Of RAWA Near? (US – Internet Poker)
Online Casino Reports (March 25, 2016) Good news is on the horizon for supporters of online gambling in the United States: according to a report from Gambling Compliance, the demise of RAWA, the Restoration of America’s Wire Act, is imminent.
Is Amaya Worth The Gamble After Accusations Of CEO Insider Trading? (Int. – Internet Poker)
Seeking Alpha (March 27, 2016) Amaya stock dropped -20.5% on news CEO David Baazov is facing insider trading charges. PokerStars dominates the online poker market and has a very wide moat.
U.S. Attorney Has Questions For Governor And AG About Alabama Bingo Machines (AL – Gaming Politics)
World Casino News (March 26, 2016) Tuskegee mayor Johnny Ford has enlisted the U.S. Attorney’s office in a bid to clear the way for electronic bingo to resume operations at nearby Victoryland.
How Many Casinos Will Be Left Standing In Atlantic City? (NJ – Gaming Revenue)
NorthJersey.com (March 26, 2016) The opening of the $2.4 billion Revel casino in Atlantic City in May 2012 raised expectations among gambling analysts that the struggling seaside resort city could not sustain a dozen gambling properties.
Plan For $1.3B NFL-Grade Stadium Laid Out By Las Vegas Sands (NV – Vegas Gaming)
World Casino news (March 27, 2016) Executives from the Las Vegas Sands Corporation say they’re serious about obtaining approval to build a $1.3 billion stadium at UNLV and hopefully attract an NFL team.
Strip Left Reeling: Picking Up The Pieces After The Great Recession (NV – Vegas Gaming)
Las Vegas Review-Journal (March 27, 2016) The skies above Las Vegas were sunnier than ever right before 2008. Business was booming, and tourism rates were soaring. Times were good.
Foster Parents Plead For Return Of 1/64 Choctaw Native American Foster Child (CA – Indian Children Welfare Act)
News 2 NBC (March 27, 2016) The foster parents of a 6-year-old Native American girl who was taken from their California home earlier this week due to a controversial federal law said Saturday that they are doing everything in their power to reunite with the child.