Counter-Strike would have a minimum age requirement in Australia under a bill proposed by Senator Nick Xenophon?
Australian Senator Nick Xenophon is really a longtime antagonist of the gambling industry and now he’s got Counter-Strike skin-betting firmly in their sights.
Xenophon announced this week that he intends to introduce a bill to parliament when it resumes next month that would classify games like Counter-Strike as gambling, pure and simple.
He told the Sydney Morning Herald that their legislation would prohibit game makers from recharging real money for items of varying value whose purchase relies on a amount of chance. It would additionally establish minimum age requirements for people who desire to pay to play, while games would be needed to show clear warnings of possible gambling content.
Games like Counter-Strike: international Offensive (CS: GO), around which a billion-dollar gambling industry is continuing to grow up through the trading of designer tools called ‘skins,’ had been ‘insidious’ in their targeting of minors, and the ‘crazy West’ of online gambling, Xenophon said.
‘Instead of shooting avatars, parents soon find out that [their children] have shot huge holes through their bank accounts,’ he added, neatly.
Too Late, Mate?
But despite his good intentions, it could be that the senator is a couple of years too late. Had Xenophon proposed their legislation in 2013, for instance, he may have nipped the nascent skins gambling industry in the bud. Instead, he chose to launch it just weeks after Valve, creators of CS: GO, announced it was shutting the industry down.
Valve’s skins are colorful and collectible in-game weapons which the business permitted to be exchanged between players over its Steam platform as a way of creating an in-game economy. But their capability to be used in third-party internet sites enabled them to be utilized as digital chips in online gambling games. Valve was accused of motivating and also profiting from skin gambling.
Eventually, in mid-July, as legal actions began to travel, the ongoing company officially denied it had ever profited from skin gambling, and emphasized that people who had were in violation of its terms and conditions.
It then delivered cease-and-desist notices to at least 23 epidermis betting sites, promising them that their Steam accounts would be terminated as it began to dismantle the industry it had inadvertently created if they continued to operate. The betting websites require Steam accounts in order to transfer skins and the deletion of the accounts would mean curtains for the industry.
Valve gave the sites a window that is 10-day comply, a deadline that expired on July 29. Many internet sites have appeared to comply with the demand, shutting down ‘temporarily,’ but other people still be seemingly operating, two days after their ultimatum, presumably awaiting Valve’s next move.
Atlantic City’s Borgata Now Fully Owned by MGM Resorts with Boyd Gaming Buyout Complete
The Borgata Hotel Casino is now officially an MGM Resorts property. The Atlantic City marina casino had been a venture that is joint MGM and Boyd Gaming since its opening in 2003, but Boyd recently decided to bow out and sell its 50 percent stake to reduce debt as well as for ‘general corporate purposes.’
The deal, that has been first announced in early June, was completed on August 1.
MGM Resorts has become the sole proprietor behind the Borgata Hotel Casino in Atlantic City, after completing a buyout from partner Boyd Gaming. (Image: Star-Ledger file)
Boyd Gaming leaves Atlantic City with $589 million, and still stands to get additional repayments from property income tax refunds. The operator received roughly $900 million total in the deal, but was also responsible for its share of the Borgata’s $575 million in liabilities.
Paying hundreds of millions of bucks for such a thing in Atlantic City right now might seem ill-advised, but the Borgata is one for the few venues still switching out strong revenues in the brand New Jersey resort.
Through June, the Borgata has grossed $337.4 million in casino wins this 12 months. Regarding the other seven properties nevertheless in operation, the Borgata’s nearest competitor is also its closest neighbor: that’s Harrah’s, with $172 million.
The financial state in Atlantic City is dismal. The city is broke, four casinos closed in 2014, and municipality leaders are at war with those within the state’s money in Trenton who wish to end the town’s video gaming monopoly.
‘ Buy low offer high’ is the oldest piece of investing advice in the book, and it seems MGM believes now is the time to buy. The business owns 10 casinos in Las Vegas, and has now properties in Mississippi, Illinois, Michigan, and China.
It will enhance its US portfolio whenever MGM National Harbor in Maryland starts later this 12 months, and the MGM Springfield in Massachusetts starts in 2018.
Whenever nj-new Jersey passed a referendum in 1976 to legalize gambling in Atlantic City, few might have likely theorized that 40 years later, the town’s hotspot would not be situated on the iconic Boardwalk. The glitz and glamour that once accompanied the beach happens to be located some 10 blocks inland at the Borgata.
When Steve Wynn first conceived the task back in 2001, gambling was strong in Atlantic City. The town was at its 4th straight 12 months grossing over $4 billion in casino wins, and while Harrah’s and Trump Marina (now the Golden Nugget) were already located in the marina district, building a $1.3 billion venue ended up being still a significant risk.
Wynn eventually abandoned the task and MGM and Boyd played the hand. It’s paid down.
‘While the market continues to have challenges, Borgata has outperformed and differentiated itself as the undisputed leader in the city,’ MGM CEO Jim Murren concluded last thirty days.
FanDuel Adopts Complete Branding Overhaul
FanDuel’s New Look: The DFS giant has gone for a risky rebrand, but the timing is perfect. (Image: FanDuel.com)
FanDuel astonished a major rebrand to its customers this week. The fantasy that is daily giant has kicked the sloping white-on-black cursive into touch.
In its place is a modern, clean, all-caps logo design, and a company that is new scheme; blues and whites, completely unrecognizable from its predecessor.
The brand now employs a motif that is new too, a shield, which represents ‘an age-old athletic emblem, to spend homage to history’s strongest leagues, teams, and competitors,’ explained the organization this week.
‘at the unveiling of its new-look website Monday as we move into this next era of fantasy sports, the FanDuel Shield will lead the way,’ FanDuel assured us.
Rebranding is definitely risky, especially a revamp that is utterly comprehensive this one, but the timing is reasonable. The NFL that is new season not far away. The English Premier League period is going to begin.
Meanwhile, FanDuel is born to introduce in the UK this month and will no doubt be looking to form some strategic partnerships and sponsorship discounts.
Better, then, pelican pete free slots to get the branding sorted now before the players of the eventual soccer team of preference go running out with the old logo plastered across their jerseys.
Meanwhile, in the US fantasy that is daily appears at a crossroads, with a small number of states already opting to license and regulate the industry, while hugely valuable key markets like California and New York mulling a similar move, nyc in specific. What better solution to represent the bright, new era of regulated, licensed and consumer-protected DFS than with a bright, new identity?
FanDuel Bill of Rights
The company has also unveiled ‘the FanDuel Bill of Rights,’ a commitment to consumer protection clearly designed to restore faith in the industry after the damage caused by DraftKings’ so-called ‘insider trading’ scandal of late last year in this spirit.
In late September DraftKings employee Ethan Haskell inadvertently posted player data online before the start of the week’s NFL games, information that the typical player has use of only after the line-ups that are weekly locked in. Within the week that is same Haskell had won $350,000 playing on
FanDuel, and suddenly security bells had been ringing.
DraftKings and Haskell had been eventually exonerated by an investigation that is third-party but the debacle prompted increasingly strident calls for more transparency in the industry, particularly with regard to the workings of the two web sites’ business models and just who may have access to privileged information, and when.
The FanDuel Bill of Rights includes the separation of player funds from operating costs, a ban on third-party scripting tools so that you can prevent sharks from feeding off new players in heads-up contests, as well as the prohibition of FanDuel staff from participating in DFS competitions.
Summer Olympics Unlikely to consult with Developing World Again Following Rio’s Shortcomings
Officials say it is all systems go in Rio de Janeiro, but the difficulties in bringing this year’s Summer Olympics together could drastically reduce Africa’s chances of ever hosting an Olympics. (Image: Matthew Stockman/Getty Images)
The Summer Olympics in Rio de Janeiro get underway with the Opening Ceremonies this Friday, August 5, but not everyone is preparing to commemorate. The International Olympic Committee (IOC) is understandably frustrated after months and even years of preparation failures on the part of local organizers.
The promised metro system to ease the heavily city that is congestedn’t arrived at fruition as planned, the town opted not to ever clean its severely contaminated Guanabara Bay, athlete accommodations are inadequate, and did we mention the Zika virus?
Rio’s inability to properly prepare for the Olympics has been well documented across the globe, and it’s been downright embarrassing for the IOC. The expected result is that the Olympics will be awarded to more stable cities into the coming years.
‘The class is the fact that lots of things can alter in seven years,’ IOC member Dick Pound told the Wall Street Journal.
Odds Against Africa
Tokyo had been verified for the 2020 Summer Olympics. The 2024 host will be announced on 13, 2017 september.
The IOC can check South America off its list after Rio officially welcomes the Summer Olympics. That leaves Africa as the only continent that is remaining never host an Olympics (excluding Antarctica).
Southern Africa was once considered a favorite for the 2024 games, but the country rescinded its bid this past year due to financial factors. If Rio might have gone down without any problems, many think the IOC would have been inclined to try Africa.
But with South Africa out, viable options are slim to none. No other city in Africa currently has the infrastructure or ability to aid the Olympics.
Sportsbook.ag has Paris as the hefty favorite for the 2024 games at 9/10. Los Angeles and Rome are both at 3/1, and Budapest is fourth at 10/1.
It’s expected that Rome’s odds can be longer while the scrutiny that is public over Rio’s mishandling of the 2016 event and IOC officials look for easy sailing waters.
Rio Promises Excitement
Just three times far from the Opening Ceremonies, more press has been given to Rio’s inadequate preparation compared to the actual upcoming competitions.
Michael Phelps, the most decorated Olympian in the history of the games, is going back for his fifth and final Olympics. But their title is rarely mentioned compared to the buzzwords ‘Zika,’ ‘contamination,’ ‘inadequate,’ and even ‘body parts.’
While the news is notorious for hyping up tales and controversy, when it comes to Rio it’s warranted.
Just week that is last the Brazil Ministry of Justice fired the personal security company hired for the Olympics. More than 3,400 protection personnel were supposed to work the games, but the business was let go after Brazil officials said just 500 officers had been hired.
It’s the scandal that is latest, but perhaps one of the most consequential as crime and terrorism is of utmost concern.
Regardless of excess of controversy, Brazil continues to be painting a rosy photo.
‘Rio de Janeiro has two main assets, which are its natural beauty plus the energy of its people,’ Rio Mayor Eduardo Paes said the other day.