Indiana may soon allow racetracks to offer fantasy that is daily games similar to those found at popular sites like FanDuel.
When sports betting became a button that is hot in New Jersey, some observers believed that other states couldn’t be far behind in efforts to legalize the practice.
Those predictions are beginning to bear good fresh fruit, as you lawmaker in Indiana has introduced a bill that could allow for sports wagering within the state.
State Representative Alan Morrison (R-Terre Haute) has introduced two separate bills linked to sports gambling, both of which are of interest to those following legalities in the market throughout the country.
First, House Bill 1073 would allow for activities betting at casinos, racinos and off-track betting locations throughout the state.
That bill, however, would require the Indiana Gaming Commission to find out that such betting was allowed under federal legislation, meaning that they may closely view the progress of brand new Jersey’s court battles to decide what they could and may not do.
The 2nd piece of legislation, understood as home Bill 1074, would permit the racetrack casinos to supply fantasy sports games.
Among other games, the bill would enable for daily fantasy recreations contests, a fast growing segment for the dream recreations industry that will permit fast-moving contests at the state’s racinos.
Sports Betting Could Increase Gaming Profits
‘ Gaming is something that this state is now extremely reliant upon, that revenue,’ said Morrison. ‘As it’s been trending down, it’s incumbent it or improve on what we have. upon us to determine how to fix’
While the fantasy activities bill could be fully implemented straight away, Morrison says that the sports law that is betting be a way to truly have a framework to take bets set up when if federal legislation changed, or if courts determined that states could regulate the practice.
‘then we’d be ahead of the game on that,’ Morrison said if we have it on the books, where it’s up to our Gaming Commission.
Since the activities gambling bill will be more controversial (other legislators have questioned whether they want to grow video gaming in the state, and the NCAA, which opposes recreations betting, is based in Indianapolis), Morrison believes their fantasy recreations bill gets the better chance of passing.
If it did, local racinos would be contending against companies such as FanDuel and DraftKings, the two biggest names within the daily dream activities industry.
There is also ladbrokes casino practice speculation that ESPN could try to produce its own daily dream product in time for the 2015 NFL season.
Montana Also Considering Daily Fantasy Sports Legislation
Indiana isn’t the only state looking at legislation linked to day-to-day fantasy sports, either. Montana State Representative Forrest Mandeville (R-57th District) has introduced a bill that will clarify hawaii’s video gaming rules to allow residents to play at the very least some fantasy that is daily games.
At the moment, Montana is one of only a few states that daily fantasy web sites exclude from their games, largely because it uses a definition of gambling that includes games with any element of chance, even if luck doesn’t play a major part.
The new bill would especially exclude fantasy sports games from the gambling meaning, but would just include an exception for games with total fees of $100 or less.
That would mean that Montana residents would remain excluded from high-stakes daily dream games, but could play the many popular contests on major dream sports sites.
It’s likely that other states will look at daily dream recreations in the coming year as well. While some officials may want to challenge the legality of the games, it appears that the lobbying is heaviest in the side of making such contests expressly legal within the few states where they are questionable at the moment, including Washington, Arizona, Iowa and Louisiana.
Major Hollywood Stars: Scorsese, De Niro, DiCaprio and Pitt synergy for Casino film
First time together: De Niro, Scorsese and Dicaprio team up on James Packers film that is short promote Macau resort
Scorsese, De Niro, DiCaprio, and Pitt: it’s a collaboration to make film buffs everywhere snort into their popcorn.
This year; ‘The Audition’ has been produced by James Packer’s RatPac Entertainment to publicize Studio City, the casino mogul’s new gambling resort in Macau, scheduled to open sometime later year except that this movie is unlikely to be nominated for any oscars.
Which means it might probably actually be the absolute most high priced promo that is corporate made, although don’t quote us.
The movie will be premiered at the opening of the $1.5 billion Studio City and will be used to ‘promote Melco-Crown’s expansion in Asia and globally.’
The trailer appeared shortly online this week, before apparently being removed by Time Warner for reasons known only to itself.
If you missed it, the premise appears to be that De Niro and DiCaprio both turn up in Macau at the behest of Scorsese only to learn, to their respective horror, they are both auditioning for similar part. We’re banking on hilarity ensuing.
Nonetheless, with a script written by Terrence Winter, who penned The Wolf of Wall Street and created HBO series Boardwalk Empire, and Scorsese in the director’s seat, this is a project that demands to be used really, despite its promotional nature.
Warm-up for Sinatra Venture?
It’s also the first time that DiCaprio and De Niro, both longstanding Scorsese collaborators, have appeared together in one of their films.
Scorsese fans have even speculated that it may be ‘warm-up’ for the Frank Sinatra biopic, which the director, who accordingly enough directed Casino, has wished to make for years.
RatPac Entertainment, Packer’s separate film company, partnered with Pitt’s Plan B Entertainment to create The Audition, with Packer as Executive Producer.
Packer said it’s his intention to ‘to bring together Western and Eastern culture, through the creation of a global entertainment brand.’
Packer might be best known for being the boss associated with the Crown gambling empire but he’s no stranger to TV and film manufacturing; his father, Kerry Packer, was a media tycoon who owned TV stations and papers, and Packer Junior is the executive that is former of Publishing and Broadcasting Limited and Consolidated Media Holdings, which operated media across a range of platforms.
Studio City Beset by Disputes
In December 2012, he formed RatPac Entertainment with filmmaker Brett Ratner which had a mission to create films that are independent co-producing blockbusters with major studios.
The following year, RatPac, along with lovers Dune Entertainment, entered into a 75-film co-financing partnership with Warner Bros. Its first film, Gravity, took over US$100 million at the box workplace in its very first five days won seven Academy Awards.
The Macao Studio City, meanwhile, could be the first resort in Asia to fully integrate television and film production facilities, gaming, retail and resort hotels.
The project initially expected to start in ’09 but has been beset by disputes, with one major financial backer pulling out altogether.
Squabbling between Hong Kong and US investors saw construction cease completely before Melco-Crown stepped in to buy 60 percent regarding the development in 2011.
When it finally starts (we hope) later, the resort will include ‘a self-branded luxury resort’ with 1,200 rooms in the first place and no more than 2,000 rooms for phase two, along side 290,000 square feet of retail area, and, we hope, a red carpet for DiCaprio, De Niro et al.
Liquidity Agreement Leads to Massive Traffic Level Increases in New Jersey
Thanks to a liquidity sharing agreement with 888poker, WSOP.com is now New Jersey’s largest internet poker website. (Image: 3nj.org)
Two online poker sites in New Jersey have seen their player pools increase dramatically in the past week, many thanks to a liquidity sharing agreement that went into effect just days earlier.
The agreement that is new WSOP.com and 888poker.com share players for many cash that is low-stakes and some chosen tournaments, and has bumped both web sites to your top of New Jersey’s online poker market.
According to numbers provided by PokerScout.com, WSOP.com in nj is now the site that is largest into the state in terms of money game traffic.
The site has averaged about 190 players at its cash game tables, or nearly a 50 percent increase over the traffic on the site before the player pool sharing began over the past seven days.
The change is even more dramatic on the All American Poker Network, also known as 888poker.com.
Here, traffic is up more than 75 percent over the week that is past aided by the site now averaging about 170 players at its cash game tables.
Which means both WSOP.com and 888poker.com have actually surpassed the Borgata/partypoker network in terms of traffic.
Both Sites Use Software that is same Package But Remain Independent
The merger was made possible by the known fact that both internet sites utilize computer software provided by 888 Holdings. At the moment, higher-stakes money games and numerous tournaments are still segregated between your two sites.
However, some have speculated that this liquidity that is partial agreement could be a precursor to a complete networking of the 2 sites.
Until that occurs, though, the two sites are still technically separate.
That implies that the PokerScout traffic figures for the two sites may be a bit bloated, as players at low-stakes games will seem to be on both sites at the exact same time.
Nevertheless, it’s clear that the WSOP/888 partnership has more total players than partypoker/Borgata, at least in terms of their cash game traffic.
Liquidity Necessary to Sustain Poker Sites
Even though the true number of players on an Internet gambling site may not seem noteworthy, it can in fact be vital to the success of online poker rooms.
Unlike other games like slot machines or blackjack, poker calls for players to compete against each other.
Which means that with no critical mass of players to keep games operating, it can be hard to attract people to the tables.
In addition, bigger player pools mean larger prizes in tournaments, that may in turn attract more players, starting a positive feedback cycle for sites.
Should the bump in traffic persist, it may help spark a recovery in brand New Jersey’s internet poker market.
There has been a constant downward trend since Web gambling was introduced into the state in late 2013; while online poker sites were bringing in $3 million or higher each month early in 2014, that total had dropped below $2 million in October.
You can find positive indications, however.
In December, monthly revenues increased for the time that is first four months, bouncing back above the $2 million mark.
Both partypoker and 888poker.com have also been using promotions that are aggressive order to attract new players, and the Borgata Winter Poker Open should make more out-of-state through the rest of January.
Perhaps most exciting of all, there was talk that PokerStars could possibly be approved for the on the web gambling license as soon as March, and many hope that the online poker giant would make recreational players who’re familiar aided by the PokerStars brand.