Counter-Strike might have a minimum age requirement in Australia under a bill proposed by Senator Nick Xenophon?
Australian Senator Nick Xenophon is really a antagonist that is longtime of gambling industry and now he has Counter-Strike skin-betting firmly in his sights.
Xenophon announced this week it resumes next month that would classify games like Counter-Strike as gambling, pure and simple that he intends to introduce a bill to parliament when.
He told the Sydney Morning Herald that their legislation would prohibit game makers from asking real cash for items of varying value whose purchase relies for a degree of chance. It would also establish age that is minimum if you wish to pay to play, while games would be needed to show clear warnings of possible gambling content.
Games like Counter-Strike: Global Offensive (CS: GO), around which a gambling that is billion-dollar is continuing to grow up through the trading of designer weapons called ‘skins,’ had been ‘insidious’ in their targeting of minors, and the ‘crazy West’ of online gambling, Xenophon stated.
‘Instead of shooting avatars, parents soon find out that [their children] have shot huge holes through their bank accounts,’ he added, nicely.
Far Too Late, Mate?
But despite their good motives, it may be that the senator is a couple of years too late. Had Xenophon proposed their legislation in 2013, for example, he might have nipped the nascent skins industry that is gambling the bud. Instead, he chose to just launch it weeks after Valve, creators of CS: GO, announced it was shutting the industry down.
Valve’s skins are colorful and collectible in-game tools that the business permitted to be exchanged between players over its Steam platform as a way of creating an economy that is in-game. But their power to be used in sites that are third-party them to be used as digital chips in online gambling games. Valve have been accused of motivating and also profiting from skin gambling.
Eventually, in mid-July, as lawsuits began to travel, the ongoing company officially denied it had ever profited from epidermis gambling, and emphasized that those who had were in breach of its terms and conditions.
After that it sent cease-and-desist notices to at least 23 skin gambling sites, guaranteeing them that their Steam accounts will be terminated if they continued to operate, as it started to dismantle the industry it had inadvertently created. The betting websites need Steam accounts in purchase to transfer skins and the deletion of the accounts would mean curtains for the industry.
Valve gave the sites a 10-day window to comply, a deadline that expired on July 29. Many internet sites have appeared to comply with the demand, shutting down ‘temporarily,’ but others still appear to be 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 home. 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 away and offer its 50 % stake to pay down debt as well as for ‘general corporate purposes.’
The offer, which was first announced in early June, was completed on August 1.
MGM Resorts is now 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 nevertheless appears to receive payments that are additional property tax refunds. The operator received roughly $900 million total in the transaction, but was also in charge of its share of the Borgata’s $575 million in liabilities.
Paying a huge selection of millions of dollars for any such thing in Atlantic City today may appear ill-advised, but the Borgata is certainly one of this few venues nevertheless 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. Of this other seven properties nevertheless in procedure, the Borgata’s nearest competitor is additionally its closest neighbor: that’s Harrah’s, with $172 million.
The economic climate in Atlantic City is dismal. The town is broke, four casinos closed in 2014, and town leaders have reached war with those within the state’s capital in Trenton who would like to end the town’s video gaming monopoly.
‘ Buy low sell high’ is the piece that is oldest of investing advice in the book, and it seems MGM believes now could be the time to buy. The business has 10 casinos in Las Vegas, and contains properties in Mississippi, Illinois, Michigan, and China.
It will enhance its US portfolio if the MGM nationwide Harbor in Maryland starts later this and the MGM Springfield in Massachusetts opens in 2018 year.
Whenever nj-new Jersey passed a referendum in 1976 to legalize gambling in Atlantic City, few would have likely theorized that 40 years later on, the city’s hotspot would not be situated on the iconic Boardwalk. The glamour and glitz that once accompanied the beach is currently located some 10 blocks inland at the Borgata.
When Steve Wynn first conceived the task back 2001, gambling was strong in Atlantic City. The town was at its fourth straight year grossing over $4 billion in casino victories, and while Harrah’s and Trump Marina (now the Golden Nugget) were already located in the marina district, building a $1.3 billion venue had been still a risk that is significant.
Wynn eventually abandoned the task and MGM and Boyd played the hand. It’s repaid.
‘While the marketplace continues to have challenges, Borgata has outperformed and differentiated itself due to the fact undisputed frontrunner in the city,’ MGM CEO Jim Murren concluded final month.
FanDuel Adopts Complete Branding Overhaul
FanDuel’s New Look: The DFS giant has gone for the risky rebrand, but the timing is perfect. (Image: FanDuel.com)
FanDuel surprised a major rebrand to its customers this week. The daily dream activities giant has kicked the sloping white-on-black cursive into touch.
In its place is a modern, clean, all-caps logo, and a new company color scheme; blues and whites, completely unrecognizable from its predecessor.
The brand now employs a new motif, too, myfreepokies.com a shield, which represents ‘an age-old athletic emblem, to spend homage to history’s strongest leagues, groups, and competitors,’ explained the organization this week.
‘As we move into this next era of fantasy activities, the FanDuel Shield will lead the way,’ FanDuel assured us during the unveiling of its new-look web site Monday.
Rebranding is often risky, especially an utterly comprehensive revamp like this one, nevertheless the timing is sensible. The NFL that is new season not far away. The English Premier League season is planning to begin.
Meanwhile, FanDuel is due to launch in the UK this month and can without doubt be looking to form some partnerships that are strategic sponsorship discounts.
Better, then, to get the branding sorted now ahead of the players of the soccer that is eventual of preference go running out with the old logo plastered across their jerseys.
Meanwhile, within the US fantasy that is daily appears at a crossroads, with a handful 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 particular. What better method to represent the bright, new era of regulated, licensed and consumer-protected DFS than with a bright, new identity?
FanDuel Bill of Rights
In this spirit, the company has also revealed ‘the FanDuel Bill of Rights,’ a dedication to consumer security clearly designed to restore faith on the market following the damage brought on by DraftKings’ so-called ‘insider trading’ scandal of belated last year.
In late September DraftKings employee Ethan Haskell inadvertently posted player data online before the beginning of the week’s NFL games, information that the typical player has usage 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 however the debacle prompted increasingly strident calls for more transparency in the industry, especially with regard to the workings of the two web sites’ business models and just who has 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 in order to prevent sharks from feeding off players that are new heads-up contests, as well as the prohibition of FanDuel staff from playing DFS competitions.
Summer Olympics Unlikely to see Developing World Once Again Following Rio’s Shortcomings
Officials say it is all systems go in Rio de Janeiro, but the difficulties in bringing this season’s Summer Olympics together could reduce Africa’s drastically 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, however everyone is ready to celebrate. 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 never to 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 round the globe, and it is been downright embarrassing for the IOC. The expected result is that the Olympics is going to be awarded to more stable cities into the years that are coming.
‘The training is that lots of things can transform in seven years,’ IOC member Dick Pound told the Wall Street Journal.
Chances Against Africa
Tokyo had been verified for the 2020 Summer Olympics. The 2024 host will be announced on September 13, 2017.
The IOC can check South America off its list after Rio officially welcomes the Summer Olympics. That leaves Africa as the only remaining continent to never host an Olympics (excluding Antarctica).
South Africa was once considered a popular for the 2024 games, but the country rescinded its bid a year ago due to financial factors. If Rio could have gone off without any problems, many think the IOC would have been inclined to test Africa.
However with South Africa out, viable choices are slim to none. No other city in Africa currently has the infrastructure or ability to guide the Olympics.
Sportsbook.ag has Paris as the hefty favorite for the 2024 games at 9/10. L . a . and Rome are both at 3/1, and Budapest is fourth at 10/1.
It is expected that Rome’s odds becomes longer once 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 away from the Opening Ceremonies, more press is being given to Rio’s inadequate preparation than the actual competitions that are upcoming.
Michael Phelps, the most decorated Olympian within the history of the games, is returning for his fifth and final Olympics. But his name 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, in relation to Rio it’s warranted.
Just the other day, the Brazil Ministry of Justice fired the personal security company hired for the Olympics. More than 3,400 safety workers were supposed to work the games, but the ongoing business was let it go after Brazil officials said just 500 officers had been hired.
It’s the latest scandal, but perhaps one of the most consequential as crime and terrorism is of utmost concern.
Whatever the excess of controversy, Brazil is still painting a rosy photo.
‘Rio de Janeiro has two primary assets, that are its natural beauty and also the strength of its people,’ Rio Mayor Eduardo Paes stated a week ago.