Home

Welcome to the California Tribal Business Alliance

CTBA Political eBrief Wednesday, March 23, 2016

“It's charges for aiding with trades while in possession of privileged information, influencing or attempting to influence the market price of Amaya, and communicating privileged information – we’re talking about insider training.” Sylvain Theberge, a spokesperson for the Quebec regulator Autorité des Marchés Financiers (AMF), said about AMF’s charges against Amaya and its CEO David Baazov, in CBC Notes Montreal --- “Early Wednesday, AMF, the stock watchdog in Amaya’s home province of Quebec, filed a total of 23 charges against CEO David Baazov, Amaya staffer Benjamin Ahdoot, and Yoel Altman, a close friend of Baazov who formerly served as a financial advisor to the firm. AMF noted that some of the accused ‘conspired to commit some of the offences’ while warning that convicted offenders are ‘liable to stiff fines as well as prison terms.’” Steven Stradbrooke on the AMF’s charges, in CalvinAyre.com --- “We have made suppressing illegal insider trading and market manipulation a top priority, as this type of conduct profoundly affects public confidence and the integrity of our markets.” AMF President and CEO Louis Morisset said of the insider trader charges, in The Globe And Mail

 

Amaya Shares Plunge As CEO Hit With Insider Trading Charges (Int. – Internet Poker)
The Globe And Mail (March 23, 2016) Amaya’s chief executive officer and founder David Baazov is facing five charges, “for aiding with trades while in possession of privileged information, influencing or attempting to influence the market price of the securities of Amaya Inc., and communicating privileged information” the AMF said in a release.
Amaya CEO Baazov Charged With Insider Trading Over Rational Group Purchase (Int. – Internet Poker)
CalvinAyre.com (March 23, 2016) Shares in Canada’s Amaya Gaming plunged by more than one-fifth on Wednesday morning after securities regulators charged CEO David Baazov with insider trading.
PokerStars Is Raising Its Rake, And Why It Can Get Away With It (NJ – Online Gaming)
USPoker.com (March 22, 2016) After a two-year sojourn, the online poker site received final approval to operate from the New Jersey Division of Gaming Enforcement, but their New Jersey approval wasn’t the only news made by PokerStars on Monday. In its announcement, PokerStars also used a bit of verbal gymnastics, calling the rake hike a “price revision.”
New Online Gaming Option In New Jersey? Bingo (NJ – Online Gaming)
NorthJersey.com (March 22, 2016) Pala Interactive today announced the beta launch of PalaBingoUSA.com, which it calls “the first and only online gaming web site fully dedicated to real-money 90 Ball Bingo in New Jersey.”
Appeal Filed In Native American Child Custody Case (CA – Indian Children Welfare Act)
WBNS-10TV (March 22, 2016) A California family appealed Tuesday to the state's highest court in their fight to keep a six-year-old foster child who was removed from their home after a lower court said her slight Native American heritage requires that she live with relatives in Utah.
Opinion: The One Thing The "Save Lexi" Campaign Has Overlooked Is Actually Pretty Important (CA – Indian Children Welfare Act)
Romper (March 22, 2016) On Tuesday, the Page family of Santa Clarita, California filed an appeal in the State Supreme Court, in an attempt to keep their 6-year-old foster child, Lexi. Lexi was removed from Rusty and Summer Page's home on Monday, after a court ruled that Lexi would be placed with her biological father's extended family in Utah, a request he was entitled to make under the federal Indian Child Welfare Act.
LA Could Replace Columbus Day With Indigenous Peoples' Day (CA – Tribal Images)
ABC7 Eyewitness News (March 21, 2016) The celebration of Christopher Columbus as the discoverer of America has received plenty of criticism from Native Americans and now there is a proposal in Los Angeles to establish an "Indigenous Peoples' Day."
Hoopa Police, Humboldt Sheriff’s Office Agreement Finalized (CA – Tribal Relations)
North Coast News (March 22, 2016) A new agreement between the Hoopa Valley Tribal Police Department and the Humboldt County Sheriff’s Office was finalized. The Humboldt County Board of Supervisors voted unanimously Tuesday to approve the agreement that would deputize tribal police officers.
Case Against Cowlitz Casino Moves Forward In D.C. Circuit Court (DC – Court Cases)
The Reflector (March 22, 2016) The federal case that could decide the fate of the Cowlitz Indian Tribe’s $510 million mega-casino near La Center is underway in Washington, D.C. Justices on the United States Court of Appeals for the District of Columbia (D.C. Circuit), including Chief Justice Merrick Garland, President Obama’s nomination to replace Justice Antonin Scalia on the U.S. Supreme Court, heard oral arguments for the Cowlitz case on Fri., March 18.
Daily Fantasy Industry Closely Watching New York Battle, As Bill To Legalize Here Could Create Waves Across The Country (NY – Fantasy Sports)
New York Daily News (March 23, 2016) Sports gaming expert Daniel Wallach says DFS operators are betting on a New York law being passed “in a matter of months,” otherwise they would not have settled this week.
In Fantasy Sports, Las Vegas Tech Entrepreneurs See Dream Come True (NV – Fantasy Sports)
Vegas Inc (March 22, 2016) David Stetler, a Las Vegas-based web developer, faces a unique challenge running an online service for players of daily fantasy sports. He often needs to check the sites of major operators like FanDuel but is barred from doing so from a Nevada computer because the company stopped operating here following a Gaming Control Board notice last fall.
Maryland Could Be 1st To Hold Referendum On Fantasy Sports (MD – Fantasy Sports)
WTOP (March 23, 2016) Maryland would become the first state to let voters decide whether the popular but controversial phenomenon of fantasy sports betting is fully legal, under bills now pending in the legislature.
Ruggiero Introduces Bill To Regulate Fantasy Sports Sites (RI – Fantasy Sports)
WPRO 630 (March 22, 2016) Rep. Deborah Ruggiero (D-Jamestown, Middletown) introduced legislation Tuesday that would license and regulate daily fantasy sports games such as Draft Kings and Fan Dual in Rhode Island.
This DC Startup Wants To Rescue Daily Fantasy Sports (DC – Fantasy Sports)
DC Inno (March 22, 2016) Washington, D.C.-based startup Syde offers its own version of the business model, but it may offer the seed for a much wider solution to the politics of the fantasy sports. And Virginia is arguably a win for fantasy sports companies since it's now possible for them to legally operate there. The problem is that it's a $50,000 fee to get that license.
Rep. Tim Sanders Wants Fantasy Sports To Be Officially Legal In Minnesota (MN – Fantasy Sports)
Star Tribune (March 22, 2016) Rep. Tim Sanders offered legislation in a House committee hearing Tuesday to ensure fantasy sports leagues remain legal in Minnesota. A companion bill has been offered in the Senate. Minnesota is tops in per capita fantasy play in the entire United States, he said.