USFantasy Sports Approved by Nevada Gaming Commission

Nevadans will be in a position to play a version of daily fantasy contests after USFantasy Sports was approved by the state's Gaming Commission.

The USFantasy Sports pari-mutuel betting system developed by Las Vegas gaming veteran Vic Salerno was authorized by the Nevada Gaming Commission. The unanimous vote in support returns daily fantasy sports contests towards the Silver State, albeit in a refurbished arrangement.

USFantasy will significantly differ from DraftKings and FanDuel, the two DFS market leaders. Alternatively of selecting 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 aided by the legislative and regulatory bodies of several states to propose the adoption of the USFantasy platform as a turn-key way to regulate, provide tax revenue, and provide a fair platform for dream sports,' Salerno said. 'We think that USFantasy is promoting a great contest format that will appeal to all levels of contestants.'

USFantasy is anticipated to be ready to go in August.

Pari-Mutuel DFS

Therefore just how exactly will USFantasy offer competitions on expert sports? The educational curve will be quite minimal for anyone who's ever bet on a pony.

With football, the many popular DFS sport in America, contests will be considering certain positions such as quarterback, running right back, wide receiver, tight end, kicker, an such like. USFantasy customers may be able to pick players to WIN, PUT, SHOW, EXACTA, CONSTANT DOUBLE, and TRIFECTA.

Simply like in racing, if Tom Brady is your horse and he outperforms his rivals, you win.

In addition, USFantasy Sports will offer you weekly contests that are progressive combine multiple positions into one game. These offerings could be more familiar to those individuals who have played on DraftKings and FanDuel.

Salerno's platform will 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 talk about means to modify the market that is emerging.

The Nevada Gaming Commission did not always desire to block DFS operators but had to follow along with Laxalt's lead in determining that the contests have been in breach of state legislation. Many believed the state would motion to create a regulatory environment and start offering DFS licenses, but that no much longer necessarily seems to end up being the case.

Lots of the concerns lawmakers and state attorneys general have with DFS are solved with USFantasy.

For example, a hurdle that is primary nyc was the allegation that DraftKings and FanDuel used misleading marketing by showing consumers just how simple it would be to win the contests. Merely spend a bucks that are few choose your players, and voila, you're a millionaire!

In the dream sports bill passed by the New York Legislature late a week ago, the statute calls for operators to display actual chances of winning with their contests. Since USFantasy will follow the pari-mutuel format, players will be aware of always the odds because the contests are actually predicated on them.

Customers on USFantasy will be able to follow 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 brand new contracts are reached with five casino resorts. (Image: Edward Lea/Press of Atlantic City)

Atlantic City casino employees will talk with five casinos on the next day or two in an attempt to reach brand new labor contracts.

The UNITE HERE Local 54 union has represented hospitality workers in Atlantic City for over 100 years. Union representatives confirmed they've meetings prepared utilizing the Tropicana, Trump Taj Mahal, and Caesars' three properties.

Local 54 has almost 10,000 members and is a chapter of the UNITE that is international labor union. In total UNITE HERE represents some 270,000 hospitality employees in North America.

The neighborhood chapter recently voted to hit on July 1 unless new labor agreements are reached with the five resorts. About 60 per cent of the Local 54 membership works at the handful of venues.

'Atlantic City casino workers sacrificed a complete lot when times were tight, for our industry and our community,' a fresh Local 54 radio ad describes. 'Things are recovering for the casinos, but workers have actuallyn't seen a cent of just what we gave back . . . We just want what's reasonable.'

Determining What's 'Fair'

The meetings that will take spot within the next week will be such a thing but cordial. According to the Press of Atlantic City, Local 54 is demanding changes that are numerous its member's contracts.

The chapter wants at least one paid vacation, a $3 per hour increase over the next five years, and reassurance that present health benefits will not be reduced or changed week.

The union is building a strong case.

'over the course of 12 years, workers with the seniority that is most have seen just $.80 per hour in raises,' regional 54 said in a report. 'The result is that today, the wage that is average neighborhood 54 members is $11.17 per hour.'

Bad for Trump?

One of Local 54's biggest chatting points is the very fact casino executives have recently gotten $50 million in bonuses. Profits in Atlantic City have stabilized but to no benefit to the workforce.

'When the gambling enterprises were in big trouble, used to do my component, sacrificing wages and benefits to help the business,' a 42-year-old tropicana server making $10.98/hour said. 'But now that the casino is doing well again they will have forgotten my sacrifice.'

The big business versus the middle-class worker is the narrative opponents to Donald Trump want to relay.

Trump notoriously made millions in Atlantic City before exiting the city ahead of its financial downturn. 'The money we took away from there is incredible,' Trump said in May.

But that money had been made the grouped community and workforce. That's at least exactly what the union and presumptive Democratic candidate Hillary Clinton want one to believe.

' We cannot let him bankrupt America like we are one of his failed casinos,' Clinton said this week. ' He's written a complete lot of books about business. They all seem to finish at Chapter 11.'

Present polling shows Clinton ahead of Trump. But because the United Kingdom's 'Brexit' highlighted this week, any such thing is achievable in today's political climate.

'They took their country straight back, exactly like we will simply take America back,' Trump said of the British.

Taiwan Gambling Legalization Finding Prefer in Ruling Party

The bright lights of Taipei seem such as the setting that is perfect commercial casinos, and venues could soon be on their method as Taiwan gambling legislation is gaining support in the country's government. (Image:

Taiwan gambling legalization is slowly attracting support among the Democratic Progressive Party (DPP) leadership as the country looks to bolster its economy through brand new resources of revenue.

Taiwan, formally known as the Republic of China (ROC) since World War II, bans gambling under its Criminal Code. Voters approved a referendum in 2009 that gave county that is outlying the right to house casinos, but to date, no island has opted to take advantage of the laws afforded to them.

Gambling on the mainland remains illegal, though a lottery that is state-run occur.

'The DPP federal government . . . ended up being elected for a platform of improving the economy and creating new jobs and possibilities for the people of Taiwan,' Bill Bryson of Global Market Advisors wrote in a recent white paper. Bryson opines that the DPP is prepared to you should consider ending gambling prohibition through the nation's 14,000 square miles and allow its 23.5 million residents to gamble.

Legislation in Question

The Tourism Casino management Act (TCA) has been loitering in the Legislative Yuan in Taipei for some three years. The TCA would create a regulatory environment for commercial casinos, but the legislation has failed to move in the legislature.

Then-Taiwan Premier Jiang Yi-huah said at that time associated with the TCA's introduction that the government requires to 'learn from Singapore, which is applicable control that is rigid has put up a dedicated supervisory organization, and demands cooperation from relevant government agencies to ensure sound development and handling of the industry and boost tourism and tax revenues.'

Opinions among Taiwan's residents are mixed in terms of gambling, which is one reason why the federal government is acting extremely cautiously in moving forward. The other predominant factor is determining if tourism will increase with gambling venues.

Macau Impact

Taiwan gambling that is possibly legalizing an important development due to its possible effect on Macau. The Administrative Region that is special of People's Republic of China is the gambling epicenter of the world.

Macau grossed $45 billion in casino revenue in 2013, but China's crackdown on VIP junket operators catering to the mainland's wealthy has led to a severe downturn. Revenues for 2015 totaled simply over $28 million, a 38 percent drop in mere 24 months.

Taiwan is perhaps even better positioned to attract China's rich, as the island that is main situated between Shanghai to the north and Hong Kong towards the south. Both towns would need a less than two-hour flight to Taipei.

There's already more than 60 flights that are daily the two cities to Taipei alone, meaning over 30 million people could theoretically visit Taiwan casinos on a moment's notice.

Moving money out from China's control through Macau casinos has become of grave concern to President Xi Jinping, and Taiwan wants in order to make sure its casino industry does not become Asia's go-to laundering destination. A host of articles drafted in the TCA deal with money laundering and banning clientele that is certain but that would needless to say also adversely affect revenues.

The People's Republic proactively stated visas would not be issued to travel to Taiwan gaming resorts once the 2009 Taiwan referendum had been 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 start in very early as Zika continues to run rampant throughout the city august. (Image: Getty Images)

The Rio 2016 Olympics commence on 5, but a multitude of sports superstars aren't packing their bags august. The reason that is primary many professional athletes are skipping the Summer Games is the ongoing issues over the Zika virus.

A mosquito-borne virus that could be spread through mosquito bites or through sex with an infected man, Zika presents substantial risks to pregnant women. An infected woman that is prenatal transmit Zika to her fetus, that may cause a serious birth problem called microcephaly.

Zika more commonly presents merely a fever that is mild rash, joint discomfort, and eye redness, and rarely sends people to the hospital. Regardless, a slew of top-name athletes have decided to skip Rio 2016 because of the virus.

NBA superstars LeBron James and Stephen Curry, and golf's globe #4 Rory McIlroy, headline the roster of no-shows. James and Curry didn't particularly cite Zika for their absenteeism, but McIlroy did.

' After much deliberation and thought, we have decided to withdraw my name from consideration for this summer's Olympic Games,' the recently engaged McIlroy said. 'After speaking with those closest to me personally, I've come to understand that my health and my family's health comes before other things.'

Top US cyclist Tejay van Garderen and NBC host Savannah Guthrie will also be both skipping the games due to Zika. And US soccer stars Hope Solo and Alex Morgan have voiced their concerns, with Solo saying she defintely won't be leaving the hotel room except for matches.

Golf's Rocky Reintroduction

It's been 112 years since golf was final included in the Olympics. Multiple players Tiger that is including Woods their passion when the International Olympic Committee voted in '09 to return the activity for the 2016 games.

Fast-forward seven years and the game's icons are foregoing the trip to Brazil today. Along side McIlroy, Aussie Jason Day, the main golfer on the planet, is reportedly considering dropping out of the Olympics.

US star Jordan Spieth, currently ranked #2, can be on the fence.

'It will be a spectacular event just since it's the Olympics,' Woods said last week at their event in Washington, DC. 'I just wish they would have experienced more quality in the field . . . The olympics are thought by me deserve that.'


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