DraftKings and FanDuel consent with NCAA to Suspend Amateur and College Sports Contests

DraftKings and FanDuel consent with NCAA to Suspend Amateur and College Sports Contests

No more March Madness: DraftKings and FanDuel have agreed to suspend the offering of DFS contests on NCAA games.

As the 2016 Men’s NCAA nationwide Championship ended in spellbinding drama yesterday evening and Kris Jenkins’ sizzling, match-winning shot in the final micro-second of the blew our tiny small minds, that is probably the last year ever that fans should be able to ramp the enjoyment up of March Madness through DFS contests.

Both DraftKings and FanDuel have voluntarily agreed this week to close the drafts on college-level and sports that are amateur. This follows just what a FanDuel spokesperson described as ‘months of productive conversations’ with the NCAA, also state legislators, during which both businesses heard their concerns about the effect of dream sports on college-level and amateur athletics.

Both Indiana and Virginia, which this year became the first states to regulate DFS in the US, included provisions in their legislation that the contests must not be based on university competitions.

‘It is clear that this is an issue that matters to a number of constituencies and we feel that the path that is best forward is to suspend offering these contests pending quality on the problem within state legislatures,’ stated FanDuel.

‘We supported all of these efforts, and going ahead we’ll actively help bills containing the provisions that are same. We are pleased that we ca Continue Reading

Delaware Brick-and-Mortar Casino Sector Advisory Board Holds State’s Fate, While Keeping Cards Close

Delaware Brick-and-Mortar Casino Sector Advisory Board Holds State’s Fate, While Keeping Cards Close

The Delaware casino that is land-based happens to be hit hard by increased competition from brand new markets in neighboring states, as the newer and shinier casinos of Pennsylvania and Maryland outperform its three struggling, and highly taxed, racinos.

Dover Downs is Delaware’s biggest and only publicly traded racino, but high domestic taxes and increased competition over the state line means crisis for the property and the state’s two other racinos.

The sector, which comprises Harrington Raceway, Dover Downs, and Delaware Park, peaked in 2006, the Pennsylvania began issuing its first casino licenses, when slot revenues hit more than $650 million year. By 2016, slots and table revenues combined had plunged to $398 million.

Meanwhile, outfall from the new MGM nationwide Harbor, which started in Maryland late last year, stands poised to be the final nail in the coffin. That property caused other casinos in Maryland and West Virginia to ramp up their own marketing drives, drawing even more customers away from Delaware’s ailing properties.

The three racinos cannot compete simply because they spend higher state taxes than their counterparts across the border, and they are begging legislators for help.

Taxed From the Market

This week, the Delaware’s Video Lottery Advisory Council (VLAC) met to discuss the status of Diamond State’s three casinos. The council is tasked with advisin Continue Reading

NBA Commissioner Adam Silver Believes Sports Betting Legalization a Slam Dunk in Coming Years

NBA Commissioner Adam Silver Believes Sports Betting Legalization a Slam Dunk in Coming Years

NBA Commissioner Adam Silver is the proponent that is strongest of legalizing sports gambling for the four major expert sports leagues, and this week he predicted that a federal repeal to the current ban will be the next few years.

Baseball boss Adam Silver thinks the odds of PASPA’s repeal are about as strong as the Golden State Warriors winning another NBA name in the coming years. (Image: CBS Sports)

Showing up on a panel alongside the other ‘Big Four’ commissioners, NFL Commissioner Roger Goodell, MLB boss Rob Manfred, and NHL Commissioner Gary Bettman, the executives had been asked to consider in on the future of gambling in recreations.

Silver, needlessly to say, gave the most resounding endorsement to legalizing recreations gambling.

‘My sense is the legislation will improvement in the next few years in the usa,’ Silver explained, as reported by SportsBusiness Journal. Silver added that if what the law states changes and sports gambling becomes a right reserved to the states, he hopes jurisdictions that legalize sportsbooks would also allow in-play betting.

‘People desire to bet through the game. It results in enormous engagement that is additional the fans,’ Silver concluded.

The four league bosses were appearing at a discussion titled GameChangers: Creating the Future of Sports. The occasion had been hosted by The Paley Center for Media in New York City.

Mixed Feelings

Silver Continue Reading

Casino News: WH Layoffs, Jackpot Win, Robbery

Casino News: WH Layoffs, Jackpot Win, Robbery

This week’s casino headlines deliver a combination of very good news and bad news. We’ll start with the bad news as William Hill is defined to help make some big layoffs within the great britain.

Massive Layoffs Expected At William Hill Following Closure Of 700 Betting Shops

It’s taken a time that is long online gaming to overtake the land-based version, but this week, we saw a big indication of the current times.

Massive layoffs are expected in the United Kingdom following William Hill’s decision to shut 700 betting shops across the country. The move comes after the UK government, under Theresa May, decided to lessen the spread of Fixed Odds Betting terminals. As result for the book closures, more than 4,500 jobs are anticipated to be lost in total. The betting terminals, which critics have dubbed the ‘crack cocaine’ of gambling, had generated a boom in the number of shops on British high streets. Nonetheless, having an original bet that is maximum of euros per play, there were concerns that players were kept far too susceptible to losing big levels of money when using the terminals.

The other issue is that online sports betting is more easily available and accessible. Going to a shop that is land-based place bets felt a bit archaic.

The betting shop employees’ union Community called your choice by William Hill ‘devastating news’ for the company’s employees. Meanwhile, the critics that campaigned in favour of book closures wel Continue Reading

Brazilian Becomes UK Ireland Poker Tour Edinburgh Champion

Brazilian Becomes UK Ireland Poker Tour Edinburgh Champion

The Title of this 2013 UK Ireland Poker Tour Edinburgh Champion went to Brazilian-born Nicolau Villa-Lobos who walked away with the title and the lion share of the prize-pool, pocketing £101,000 for first spot.

Starting the final dining table using the lowest chip stack at 313,000 chips, Villa-Lobos was at fact odds on favourite to finish in eighth place. However, the skilled Brazilian fended off the competition to bring home the coveted titled from the Scottish capital after doubling his chip count in the first ten moments of the last table commencing play.

Chris Derrick was the person who doubled Villa-Lobos’ chip stack after pushing in 285,000 chips, just become beaten by the Brazilian’s pocket fours which had turned into quads by the river.

Shortly afterwards, Christian Bergstrom was eliminated during a call that is three-way Vladislav Donchev and Villa-Lobos. The chip that is high mixed up in call threw Villa-Lobos up to 1,600,000 chips, offering him the self- confidence he had a need to set their places in the UK Ireland Poker Tour Edinburgh title after starting so low on the board.

Seventh place later went to Guido Braye after being knocked out by the hometown player, David Vamplew. This eradication shot Vamplew in to the position of chip leader as he impressed his home support and raised hopes to become the hometown hero.

Vamplew then continued to push forward, causing Leeds ‘ online pro Jamie Sykes to Continue Reading