USFantasy Sports Approved by Nevada Gaming Commission

Nevadans will be able to play a form of day-to-day dream contests after USFantasy Sports was approved by the state’s Gaming Commission.
The USFantasy Sports pari-mutuel wagering system developed by Las Vegas gaming veteran Vic Salerno is approved by the Nevada Gaming Commission. The unanimous vote in support returns daily fantasy sports contests to the Silver State, albeit in a refurbished arrangement.
USFantasy will greatly differ from DraftKings and FanDuel, the two DFS market leaders. Rather of choosing a roster of players under a set salary cap limit, USFantasy will mimic how pari-mutuel horse racing is currently wagered.
‘we have been actively working with the legislative and regulatory bodies of several states to propose the adoption of the USFantasy platform as a turn-key way to regulate, offer tax income, and offer a fair platform for dream sports,’ Salerno said. ‘We think that USFantasy has developed a great contest format that will attract all amounts of contestants.’
USFantasy is expected to be up and running in August.
Pari-Mutuel DFS
So how exactly will USFantasy offer contests on expert sports? The training curve will be quite minimal for anybody who is ever bet on a pony.
With football, the many popular DFS sport in America, contests will be centered on certain positions such as quarterback, operating back, wide receiver, tight end, kicker, and so forth. USFantasy clients is able to choose players to WIN, SPOT, SHOW, EXACTA, EVERYDAY DOUBLE, and TRIFECTA.
Simply like in racing, if Tom Brady can be your horse in which he outperforms his competitors, you win.
In addition, USFantasy Sports will offer regular progressive contests that combine multiple positions into one game. These offerings will be more familiar to those individuals who have played on DraftKings and FanDuel.
Salerno’s platform shall be transmitted through the Las Vegas Dissemination Company (LVDC). The LVDC provides pari-mutuel content in 43 states and over 100 racetracks throughout North America.
Beginning or End?
DFS was banned through the Silver State in October after Nevada Attorney General Adam Laxalt deemed the games to be unlawful. Governor Brian Sandoval (R) brought his Gaming Policy Committee together in January to discuss ways to modify the emerging market.
The Nevada Gaming Commission did not want to block necessarily DFS operators but had to follow Laxalt’s lead in determining that the contests have been in breach of state legislation. Many believed their state would motion to create an environment that is regulatory begin offering DFS licenses, but that no much longer necessarily seems to be the case.
Most of the concerns lawmakers and state attorneys general have with DFS are solved with USFantasy.
For example, a primary hurdle in New York was the allegation that DraftKings and FanDuel used deceptive advertising by showing consumers just how easy it would be to win the contests. Merely pay a bucks that are few choose your players, and voila, you’re a millionaire!
The statute calls for operators to display actual odds of winning with their contests in the fantasy sports bill passed by the New York Legislature late last week. Since USFantasy will follow the pari-mutuel structure, players will be aware of always the chances because the contests are actually predicated on them.
Customers on USFantasy should be able to proceed with the odds in real-time just as track goers do at races around the nation.
Though DraftKings and FanDuel have a bounty of investment bucks, Salerno might have overcome the chances in finding the solution to the DFS dilemma.
Atlantic City Casino Workers Schedule Five Meetings With Casinos Ahead of Planned Strike
Atlantic City casino workers will be ready to hit unless new contracts are reached with five casino resorts. (Image: Edward Lea/Press of Atlantic City)
Atlantic City casino workers will meet with five casinos within the next couple of days in an effort to reach new labor contracts.
The UNITE HERE Local 54 union has represented hospitality workers in Atlantic City for over a century. Union representatives confirmed they will have meetings planned because of the Tropicana, Trump Taj Mahal, and Caesars’ three properties.
Local 54 has nearly 10,000 people and is a chapter of the international UNITE HERE https://rubetting.club labor union. In total UNITE HERE represents some 270,000 hospitality employees in North America.
The local chapter recently voted to hit on July 1 unless new work agreements are reached with the five resorts. About 60 percent of the Local 54 account works at the handful of venues.
‘Atlantic City casino workers sacrificed lot when times were tight, for our industry and our community,’ a fresh Local 54 radio ad describes. ‘Things are getting better for the casinos, but workers have actuallyn’t seen a cent of what we gave back . . . We just want what’s fair.’
Determining What’s ‘Fair’
The conferences that will take place on the next week will likely be any such thing but cordial. According to the Press of Atlantic City, Local 54 is demanding numerous changes to its member’s contracts.
The chapter wants no less than one week paid holiday, a $3 per hour increase over the next five years, and reassurance that current healthy benefits will not be paid off or changed.
The union is creating a strong case.
‘over the course of 12 years, workers with the seniority that is most have seen just $.80 per hour in raises,’ Local 54 said in a report. ‘The result is that today, the average wage among Local 54 users is $11.17 per hour.’
Bad for Trump?
One of Local 54’s biggest speaking points is the fact casino executives have recently gotten $50 million in bonuses. Profits in Atlantic City have stabilized but to no advantage to the workforce.
‘When the casinos were in some trouble, I did my component, sacrificing wages and benefits to assist the company,’ a 42-year-old tropicana host making $10.98/hour said. ‘But now that the casino is succeeding again they have forgotten my sacrifice.’
The business that is big the middle-class worker is the narrative opponents to Donald Trump wish to relay.
Trump notoriously made millions in Atlantic City before exiting the populous city ahead of its fiscal downturn. ‘The money I took away from there is incredible,’ Trump said in May.
But that cash was made the community and workforce. That’s at least what the union and presumptive Democratic candidate Hillary Clinton want one to think.
‘ We can not let him bankrupt America like we are one of his casinos that are failed’ Clinton said this week. ‘ He’s written a large amount of books about business. They all seem to get rid of at Chapter 11.’
Current polling shows Clinton in front of Trump. But because the uk’s ‘Brexit’ highlighted this week, such a thing can be done in the present political climate.
‘They took their country right back, the same as we are going to back take America,’ Trump said of the UK.
Taiwan Gambling Legalization Finding Favor in Ruling Party
The bright lights of Taipei seem such as the perfect setting for commercial casinos, and venues could soon be on their way as Taiwan gambling legislation is gaining support in the country’s government. (Image: sbf.org.sg)
Taiwan gambling legalization is slowly attracting support among the Democratic Progressive Party (DPP) leadership as the country appears to bolster its economy through new sourced elements of revenue.
Taiwan, formally referred to as Republic of China (ROC) since World War II, bans gambling under its Criminal Code. Voters approved a referendum in 2009 that gave outlying county islands the proper to home casinos, but up to now, no island has opted to use the laws afforded to them.
Gambling on the mainland remains illegal, though a state-run lottery does exist.
‘The DPP federal government . . . had been elected for a platform of enhancing the economy and creating new jobs and opportunities for the individuals of Taiwan,’ Bill Bryson of Global Market Advisors wrote in a current paper that is white. Bryson opines that the DPP is ready to you should consider gambling that is ending through the nation’s 14,000 square miles and allow its 23.5 million residents to gamble.
Legislation in concern
The Tourism Casino management Act (TCA) has been loitering in the Yuan that is legislative in for many 36 months. The TCA would create a regulatory environment for commercial casinos, but the legislation has neglected to relocate the legislature.
Then-Taiwan Premier Jiang Yi-huah said during the time associated with the TCA’s introduction that the government requires to ‘learn from Singapore, which is applicable control that is rigid has set up a dedicated supervisory company, and demands cooperation from relevant government agencies to ensure sound development and handling of the industry and boost tourism and income tax revenues.’
Views among Taiwan’s residents are mixed when it comes to gambling, which is one explanation why the national federal government is acting extremely cautiously in moving forward. The other factor that is predominant determining if tourism will increase with gambling venues.
Macau Impact
Taiwan possibly legalizing gambling is an important development because of its prospective impact on Macau. The Unique Administrative Region of the People’s Republic of Asia could be the gambling epicenter of planet Earth.
Macau grossed $45 billion in casino revenue in 2013, but Asia’s crackdown on VIP junket operators catering to the mainland’s wealthy has led to a downturn that is severe. Revenues for 2015 totaled just over $28 million, a 38 percent drop in just two years.
Taiwan is perhaps even better positioned to attract China’s rich, as the main island is situated between Shanghai to the north and Hong Kong towards the south. Both metropolitan areas would require a less than two-hour flight to Taipei.
There’s currently more than 60 flights that are daily the two cities to Taipei alone, meaning over 30 million people could theoretically visit Taiwan gambling enterprises on an instant’s notice.
Moving money out from China’s control through Macau gambling enterprises has become of grave concern to President Xi Jinping, and Taiwan wants to make sure its casino industry does not become Asia’s go-to laundering destination. A host of articles drafted within the TCA handle money laundering and banning particular clientele, but that could of course also negatively affect revenues.
The People’s Republic proactively said visas will never be issued to journey to Taiwan gaming resorts as soon as the 2009 Taiwan referendum ended up being approved.
Rio 2016 Olympics Lose More Marquee Names on Continued Zika Fears
The Rio 2016 Olympics will be without a few marquee athletes when the games commence in very early August as Zika continues to operate rampant throughout the city. (Image: Getty Images)
The Rio 2016 Olympics start on August 5, but a multitude of sports superstars aren’t packing their bags. The reason that is primary numerous professional athletes are skipping the Summer Games is the ongoing concerns over the Zika virus.
A mosquito-borne virus that are spread through mosquito bites or through sex by having an infected man, Zika presents substantial dangers to pregnant women. An infected prenatal woman can transmit Zika to her fetus, which could create a serious birth defect called microcephaly.
Zika more commonly presents only a fever that is mild rash, joint discomfort, and attention redness, and rarely sends individuals to the hospital. Regardless, a slew of top-name athletes have decided to skip Rio 2016 because of herpes.
NBA superstars LeBron James and Stephen Curry, and golf’s globe # 4 Rory McIlroy, headline the roster of no-shows. James and Curry don’t cite Zika for specifically their absenteeism, but McIlroy did.
‘ After much deliberation and thought, we have decided to withdraw my title from consideration because of this summer’s Olympic Games,’ the recently involved McIlroy said. ‘After talking to those closest to me personally, i have come to understand that my health and my family’s health comes before anything else.’
Top US cyclist Tejay van Garderen and NBC host Savannah Guthrie are both skipping the games due to Zika. And US soccer stars Hope Solo and Alex Morgan have voiced their issues, with Solo saying she defintely won’t be leaving the accommodation with the exception of matches.
Golf’s Rocky Reintroduction
It’s been 112 years since golf was last included in the Olympics. Multiple players including Tiger Woods expressed their passion when the International Olympic Committee voted during 2009 to return the activity for the 2016 games.
Fast-forward seven years and today the game’s icons are foregoing the visit to Brazil. Along with McIlroy, Aussie Jason Day, the number one golfer worldwide, is reportedly considering dropping out of the Olympics.
US star Jordan Spieth, currently ranked #2, can also be on the fence.
‘It is a event that is spectacular because it’s the Olympics,’ Woods said last week at his event in Washington, DC. ‘I just wish they would have experienced more quality in the field . . . I believe the Olympics deserve that.’
