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CTBA Political eBrief Wednesday, April 6, 2016

“There are no objections to regulation. These [daily fantasy] companies are based here in the United States and pay taxes, and they want a well-regulated industry. We all just want to make sure legislators get it right.” Chris Grimm, an organizer with the advocacy group that rallied in support of daily fantasy sports at the Orioles home opener, in Press Box --- “If you’re a disruptive company, you will eventually run into some sort of regulation issues. Certain parts of the legal case in New York have been settled … and there’s the possibility to produce some legislation.” FanDuel’s co-founder and Chief Product Officer Tom Griffiths says the daily fantasy sports game company’s legal problems could be behind them, in Daily News

 


Panama Papers Expose Link To Amaya Gaming Insider Trading Investigation (Int. – Insider Trading)
CalvinAyre.com (April 5, 2016) The so-called Panama Papers, which detail the use of shell companies by the planet’s rich and powerful, contain possible links to the insider trading scandal involving Canadian online gambling operator Amaya Gaming.
Baazov To Take Leave Of Absence In Wake Of Insider Trading Charges (Int. – Insider Trading)
iGaming Player (April 5, 2016) Amaya chairman David Baazov will take an unpaid leave of absence as he answers insider trading charges in Canada stemming from the company’s 2014 acquisition of PokerStar’s parent company. The voluntary indefinite paid leave of absence begins March 28 and comes after the charges were announced by Quebec’s securities regulatory authority.
Opinion: Primary Goal For Jones Is To Oppose Chumash Casino Expansion (CA – Casino Expansion)
Lompoc Record (April 5, 2016) Karen Jones recognizes that she is a dark horse candidate for Santa Barbara County’s third supervisorial district, but still, she believes the post is well within her reach.
'We Did It!' Says Tribal Leader At Taunton Casino Groundbreaking Tuesday (MA – Casino Expansion)
Wicked Local Norton (April 5, 2016) With a tent filled to capacity with tribal members, financial backers and politicians, Cedric Cromwell was elated and nearly beside himself with joy. “This is a historical day in the tribe’s history. It’s a signal that something great is about to happen,” Cromwell said Tuesday morning.
Pennsylvania Casinos Continue To See Increase In Slot Gaming Revenues (PA – Gaming Revenue)
World Casino News (April 5, 2016) The casinos in the state of Pennsylvania continue to do well in regards to slot machine gaming, with the Pennsylvania Gaming Control Board releasing reports yesterday showing the slot revenue totals have increased continually for the past six months.
Maryland Live, State Casinos See Near-Record Revenue In March (MD – Gaming Revenue)
Capitol Gazette (April 5, 2016) Maryland casinos saw nearly $98 million in revenue in March, the second highest number in the state's history. According to Maryland Lottery and Gaming, the Maryland Live! Casino in Hanover continued to lead the state in revenue generated from its five casinos, generating more than half of the total revenue with $54.6 million in the month.
Stakes Are High For Daily Fantasy Sports Industry In Maryland (MD – Fantasy Sports)
Local Sports Report (April 5, 2016) April may be one of the most crucial months so far for the future of daily fantasy sports. The next two weeks will see a flurry of hearings and votes as a number of state legislative sessions approach key deadlines. States to keep a close eye on regarding DFS legislation include Illinois, Minnesota, Mississippi, Missouri and Tennessee.
Daily Fantasy Supporters Rally At Orioles' Home Opener (MD – Fantasy Sports)
Press Box (April 5, 2016) The opening of baseball season also means the start of six months or so of vicarious competition for millions of fantasy sports fans who cobble together make-believe rosters in pursuit of glory and, in some cases, fortune.
FanDuel’s Co-Founder Says He’s No Longer Worried About Legal Challenges (NY – Fantasy Sports)
Daily News (April 5, 2016) FanDuel’s co-founder and Chief Product Officer Tom Griffiths says the daily fantasy sports game company’s legal problems, and those of its competitor DraftKings, could be behind them.
Colorado House Takes First Shot At Regulating Fantasy Sports (CO – Fantasy Sports)
The Denver Post (April 5, 2016) House Democratic leader Crisanta Duran said the goal line of a bill to regulate big-time fantasy sports leagues is making sure the games stay legal and legit.
Fantasy Aces Daily Fantasy Sports Corp. Partners With Cameron Thomson For Business Development (CA – Fantasy Sports)
Broadway World (April 5, 2016) Fantasy Aces is pleased to announce that it has engaged Cameron Thomson Group, a pre-eminent provider in the media and gaming industry, with experience in sports betting, gaming interactive applications, and gaming technology to assisting Fantasy Aces in reaching corporate objectives related to strategic positioning and global expansion.
Daily Fantasy Sports Movement Gaining Ground (US – Fantasy Sports)
OnlinePoker.net (April 5, 2016) While the online poker market continues to decline, daily fantasy sports betting, on the other hand, has surged in popularity and the game is already officially legal in Virginia, Kansas, and Indiana. In fact, around 20 US states are currently considering regulating the game and have proposed bills of their own, including California and Massachusetts.