
Indiana may soon allow racetracks to offer fantasy that is daily games just like those found at popular web sites like FanDuel.
When sports betting became a hot key problem in New Jersey, some observers thought that other states couldn’t be far behind in efforts to legalize the practice.
Those predictions are beginning to bear good fresh fruit, as one 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 related to activities gambling, both of which are of interest to those following the legal issues on the market throughout the nation.
First, House Bill 1073 would allow for sports betting at gambling enterprises, racinos and off-track wagering locations throughout hawaii.
That bill, however, would require the Indiana Gaming Commission to find out that such gambling was allowed under federal legislation, meaning that they could closely watch the progress of brand new Jersey’s court battles to decide whatever they could and may not do.
The piece that is second of, known as home Bill 1074, would permit the racetrack casinos to supply fantasy sports games.
The bill would allow for daily fantasy sports contests, a fast growing segment of the fantasy sports industry that would allow for fast-moving contests at the state’s racinos among other games.
Sports Betting Could Increase Gaming Profits
‘ Gaming is a thing that this state became extremely reliant upon, that revenue,’ said Morrison. ‘As it’s been trending down, it is incumbent it or enhance on which we have. upon us to find out how to correct’
While the fantasy sports bill could be fully implemented immediately, Morrison says that the sports law that is betting be a means to truly have a framework when planning on taking bets set up whenever of course federal rules 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.
As the recreations wagering bill will be more controversial (other legislators have questioned whether they want to grow gaming in the state, while the NCAA, which opposes sports wagering, is based in Indianapolis), Morrison believes their fantasy activities bill has the better chance of passing.
If it did, local racinos would be contending against companies such as FanDuel and DraftKings, the 2 biggest names into the daily fantasy activities industry.
There’s also 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 daily fantasy sports, either. Montana State Representative Forrest Mandeville (R-57th District) has introduced a bill that will explain their state’s video gaming regulations to enable residents to play at the least some daily fantasy sports games.
At the moment, Montana is one of just a few states that day-to-day dream 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 role that is major.
The bill that is new specifically exclude fantasy sports games from the gambling definition, but would just consist of an exclusion for games with total costs of $100 or less.
That would mean that Montana residents would remain excluded from high-stakes daily fantasy games, but could play the many popular competitions on major dream sports web sites.
It’s likely that other states will look at daily dream recreations into the coming year as well. While some officials may want to challenge the legality of the games, it would appear that the lobbying is heaviest in the side of earning such contests expressly legal into the few states where they’ve been questionable at the moment, including Washington, Arizona, Iowa and Louisiana.
Major Hollywood Stars: Scorsese, De Niro, DiCaprio and Pitt form teams 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 everywhere make film buffs snort into their popcorn.
Except that this movie is unlikely to be nominated for almost any Oscars this year; ‘The Audition’ has been generated by James Packer’s RatPac Entertainment to publicize Studio City, the casino mogul’s new gambling resort in Macau, scheduled to start sometime later year.
This means it may actually be the absolute most expensive business promo ever made, although don’t quote us.
The film shall be premiered at the opening of the $1.5 billion Studio City and will be employed to ‘promote Melco-Crown’s expansion in Asia and globally.’
The trailer appeared briefly 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 and then learn, to their respective horror, they are both auditioning for similar part. We’re banking on hilarity ensuing.
Nevertheless, with a script written by Terrence Winter, who penned The Wolf of Wall Street and created HBO series Boardwalk Empire, and Scorsese in the manager’s seat, it is a project that demands to seriously be taken, despite its promotional nature.
Warm-up for Sinatra Project?
It’s additionally the time that is first DiCaprio and De Niro, both longstanding Scorsese collaborators, have actually 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 manager, whom appropriately enough directed Casino, has wished to make for years.
RatPac Entertainment, Packer’s independent movie 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 tradition, through the creation of a worldwide entertainment brand.’
Packer may be best known for being the boss of the Crown gambling empire but he’s no stranger to TV and film production; his father, Kerry Packer, was a media tycoon whom owned TV networks and newspapers, 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 an objective to produce independent films while co-producing blockbusters with major studios.
The year that is following RatPac, along with partners Dune Entertainment, entered into a 75-film co-financing partnership with Warner Bros. Its first film, Gravity, took over US$100 million at the container workplace in its first five days won seven Academy Awards.
The Macao Studio City, meanwhile, will be the resort that is first Asia to fully integrate television and film production facilities, video gaming, retail and accommodations.
The project initially expected to start during 2009 but has been beset by disputes, with one major financial backer pulling out entirely.
Squabbling between Hong Kong and US investors saw construction cease completely before Melco-Crown stepped in to buy 60 percent associated with the development in 2011.
We hope) later, the resort will include ‘a self-branded luxury hotel’ with 1,200 rooms to begin with and a maximum of 2,000 rooms for phase two, along with 290,000 square feet of retail area, and, we hope, a red carpet for DiCaprio, De Niro et al when it finally opens.
Liquidity Agreement Leads to Massive Level Of Traffic Increases in New Jersey
Thanks to a liquidity sharing agreement with 888poker, WSOP.com is now New Jersey’s largest online poker site. (Image: 3nj.org)
Two online poker sites in New Jersey have seen their player pools increase dramatically within the past week, thanks to a liquidity sharing agreement that went into effect simply days earlier.
The new agreement sees WSOP.com and 888poker.com share players for most cash that is low-stakes and some chosen tournaments, and has bumped both web sites towards the top of New Jersey’s online poker market.
According to numbers provided by PokerScout.com, WSOP.com in nj is now the largest website into the state in terms of cash 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 was much more dramatic on the All American Poker Network, additionally known as 888poker.com.
Here, traffic is up more than 75 % over the previous week, with all the site now averaging about 170 players at its cash game tables.
This means that both WSOP.com and 888poker.com have actually surpassed the Borgata/partypoker network in terms of traffic.
Both Sites Use Same Program, But Remain Independent
The merger was authorized by the known undeniable fact that both internet sites utilize computer software provided by 888 Holdings. At the moment, higher-stakes money games and many tournaments are nevertheless segregated involving the two sites.
However, some have speculated that this partial liquidity sharing agreement could be a precursor to an entire networking of the 2 web sites.
Until that happens, though, the two sites are still technically separate.
That ensures that the PokerScout traffic figures for the two sites are a bit bloated, as players at low-stakes games will appear to be on both sites at the time that is same.
Still, 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 Maintain Poker Web Sites
Although the true number of players for an Internet gambling site may not seem noteworthy, it can actually be essential 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 running, it can be difficult to attract individuals to your tables.
In addition, larger player pools suggest larger prizes in tournaments, which can in turn attract more players, starting a positive feedback cycle for sites.
If the bump in traffic persist, it could help spark a recovery in New Jersey’s on-line poker market.
There has been a constant trend that is downward Internet gambling was first introduced in the state in late 2013; while online poker sites were attracting $3 million or even more each month early in 2014, that total had dropped below $2 million in October.
There are positive indications, however.
In December, monthly revenues increased ladbrokes casino mobile app for the first time in four months, bouncing right back above the $2 million mark.
Both 888poker.com and partypoker also have been using promotions that are aggressive purchase 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 most, there was talk that PokerStars could be approved for an on line gambling license as soon as March, and hope that is many the online poker giant would make recreational players who are familiar utilizing the PokerStars brand.