Thursday, October 15, 2015

Government Out Protecting Nevada Casinos

This could become interesting.
From the LVRJ:
Nevada gaming regulators banned unlicensed daily fantasy sports websites from providing their product to Silver State customers, saying the activity constitutes sports wagering.
In an order filed by the Gaming Control Board Thursday, the agency said daily fantasy sports websites, such as DraftKings and FanDuel, can apply for a Nevada gaming license to operate a sports pool. The Control Board issued a "cease and desist" order that bans the websites from Nevada.
"Since offering daily fantasy sports in Nevada is illegal without the proper license, all unlicensed activities must ceases and desist from the date of this notice," wrote Gaming Control Board Chairman A.G. Burnett.
Burnett said Nevada sports book operators could offer daily fantasy sports, however, they "should exercise discretion in participating in business associations with daily fantasy sports operators that have not obtained Nevada gaming approvals."
Added Burnett in an interview, "We're not saying they can't do (daily fantasy sports). We're saying they can do this as long as they have a gaming license."
The Control Board, through an "exhaustive analysis" by the Nevada Attorney General's office, determined daily fantasy sports constitutes sports wagering.
Fan Duel has been around since 2009 and Nevada could not care less about it until now, when they have become a billion dollar industry and probably has taken a significant amount of money from the casinos in Nevada.
And this is what the gaming regulators do in Nevada, protect the casinos.
Next thing they will ban is playing the stock market.

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