Indiana Considers Sports Betting, Daily Fantasy Sports

Indiana<span id="more-9627"></span> Considers Sports Betting, Daily Fantasy Sports

Indiana may soon allow racetracks to offer day-to-day fantasy activities games similar to those found at popular web sites like FanDuel.

When sports betting became a hot button issue 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 fruit, as one lawmaker in Indiana has introduced a bill that could allow for sports betting into the state.

State Representative Alan Morrison (R-Terre Haute) has introduced two separate bills related to sports gambling, both of which are of interest to those following a legal issues on the market throughout the country.

First, House Bill 1073 would allow for sports betting at gambling enterprises, racinos and off-track gambling locations throughout the state.

That bill, however, would require the Indiana Gaming Commission to ascertain that such betting was allowed under federal legislation, meaning that they could closely view the progress of New Jersey’s court battles to decide what they could and may not do.

The second piece of legislation, understood as House Bill 1074, would enable the racetrack casinos to offer 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 something that this continuing state is extremely reliant upon, that revenue,’ said Morrison. ‘As it’s been trending down, it is incumbent it or improve on what we’ve. upon us to determine how to correct’

While the fantasy sports bill could be fully implemented straight away, Morrison says that the sports betting law would be a way to enjoy a framework for taking bets set up when and in case federal legislation changed, or if courts determined that states could control 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 bill that is betting be more controversial (other legislators have questioned whether or not they want to expand video gaming in the state, and also the NCAA, which opposes activities wagering, is based in Indianapolis), Morrison believes their fantasy activities bill has the better chance of passing.

If it did, local racinos could be contending against companies such as FanDuel and DraftKings, the two biggest names into the daily fantasy recreations industry.

There is also speculation that ESPN could try to produce its own fantasy that is daily in time for the 2015 NFL season.

Montana Also Considering Daily Fantasy Sports Legislation

Indiana isn’t the only state looking at legislation pertaining to day-to-day fantasy sports, either. Montana State Representative Forrest Mandeville (R-57th District) has introduced a bill that could explain the state’s video gaming legislation to allow residents to play at least some daily fantasy activities games.

At the moment, Montana is one of only some states that daily dream web sites exclude from their games, largely since it uses a definition of gambling that includes games with any element of chance, even if luck does not play a role that is major.

The bill that is new specifically exclude fantasy sports games from the gambling definition, but would only include an exception for games with total fees of $100 or less.

That would mean that Montana residents would still be excluded from high-stakes fantasy that is daily, but could play the most popular contests on major fantasy sports sites.

It’s likely that other states will look at daily dream recreations into the year that is coming well. While some officials may want to challenge the legality of the games, it seems that the lobbying is heaviest on the side of creating such contests expressly legal into the few states where they’re questionable right now, including Washington, Arizona, Iowa and Louisiana.

Major Hollywood Stars: Scorsese, De Niro, DiCaprio and Pitt form teams for Casino film

Very first time together: De Niro, Scorsese and Dicaprio team up on James Packers short film to 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 any Oscars this year; ‘The Audition’ has been created by James Packer’s RatPac Entertainment to publicize Studio City, the casino mogul’s new gambling resort in Macau, scheduled to open sometime later 12 months.

That means it may actually be the most expensive business promo ever made, although don’t quote us.

The movie shall be premiered at the opening of the $1.5 billion Studio City and certainly will be employed to ‘promote Melco-Crown’s expansion in Asia and globally.’

The trailer appeared briefly online this before apparently being removed by Time Warner for reasons known only to itself week.

That they are both auditioning for the same part 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. We are 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 director’s seat, this may be a project that demands to be taken really, despite its promotional nature.

Warm-up for Sinatra Project?

It is 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 might be ‘warm-up’ for the Frank Sinatra biopic, which the manager, who accordingly enough directed Casino, has wanted to make for years.

RatPac Entertainment, Packer’s independent film company, partnered with Pitt’s Plan B Entertainment to make 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 worldwide entertainment brand.’

Packer can be best known for being the boss of this 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 papers, and Packer Junior is the previous executive chairman 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 year that is following 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 office 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 accommodations.

The project initially expected to start in ’09 but is beset by disputes, with one major financial backer pulling out completely.

Squabbling between Hong Kong and US investors saw construction cease totally before Melco-Crown stepped in to buy 60 percent associated with the development in 2011.

With regards to finally opens (we hope) later, the resort will add ‘a self-branded luxury resort’ with 1,200 rooms to begin with and at the most 2,000 rooms for phase two, along with 290,000 square feet of retail area, and, we wish, a red carpet for DiCaprio, De Niro et al.

Liquidity Agreement Leads to Massive Level Of Traffic Increases in Nj-new Jersey

Thanks up to a liquidity sharing agreement with 888poker, WSOP.com is now New Jersey’s largest on-line poker site. (Image: 3nj.org)

Two online poker sites in New Jersey have seen their player pools increase dramatically within the past week, many thanks to a liquidity sharing agreement that went into effect just days earlier.

The new agreement sees WSOP.com and 888poker.com share players for many cash that is low-stakes and some selected tournaments, and has bumped both internet sites towards the top of brand New Jersey’s online poker market.

According to figures provided by PokerScout.com, WSOP.com in nj is now the largest website into the state in terms of cash game traffic.

Over the past seven days, the site has averaged about 190 players at its money game tables, or nearly a 50 percent enhance within the traffic on the internet site before the ball player pool sharing began.

The change happens to be even more dramatic on the All American Poker Network, additionally known as 888poker.com.

There, traffic is up more than 75 percent over the previous week, with all the web site now averaging about 170 players at https://casino-online-australia.net/ladbrokes-casino-review/ its cash game tables.

Which means that both WSOP.com and 888poker.com have surpassed the Borgata/partypoker network in terms of traffic.

Both Sites Use Same Program, But Remain Independent

The merger was made possible by the proven fact that both web sites use pc software given by 888 Holdings. At the moment, higher-stakes cash games and numerous tournaments are nevertheless segregated between the two sites.

However, some have speculated that this liquidity that is partial agreement could be a precursor to a whole networking of the 2 sites.

Until that occurs, however, the two sites are still technically independent.

That means the PokerScout traffic figures for the two sites can be a little bloated, as players at low-stakes games will seem to be on both sites during the time that is same.

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

While the number of players on an Internet gambling site may not seem noteworthy, it can actually be vital to the success of online poker rooms.

Unlike other games like slot machines or blackjack, poker requires players to compete against each other.

Meaning that with no mass that is critical of to keep games operating, it may be hard to attract people towards the tables.

In addition, bigger player pools mean bigger prizes in tournaments, which could in turn attract more players, starting a feedback that is positive 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 steady downward trend since Web gambling was initially introduced into the state in late 2013; while online poker sites were getting $3 million or maybe more every month early in 2014, that total had dropped below $2 million in October.

You will 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 aggressive promotions in order to attract new players, and the Borgata Winter Poker Open should bring in more out-of-state through the rest of January.

Maybe most exciting of all of the, there clearly was talk that PokerStars could 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 are familiar aided by the PokerStars brand.

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