Counter<span id="more-9326"></span>-Strike Should be Classed as Gambling, says Aussie Pol

Counter-Strike could have a minimum age requirement in Australia under a bill proposed by Senator Nick Xenophon?

Australian Senator Nick Xenophon is a antagonist that is longtime of gambling industry and now he’s got Counter-Strike skin-betting firmly in his sights.

Xenophon announced this week he intends to introduce a bill to parliament when it resumes next month that would classify games like Counter-Strike as gambling, pure and simple.

He told the Sydney Morning Herald that his legislation would prohibit game makers from recharging money that is real items of varying value whose purchase relies on a level of chance. It would additionally establish age that is minimum if you wish to pay to play, while games would be necessary to display clear warnings of feasible gambling content.

Games like Counter-Strike: Global Offensive (CS: GO), around which a gambling that is billion-dollar has grown up through the trading of designer weapons known as ‘skins,’ were ‘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, neatly.

Too Late, Mate?

But despite their good intentions, maybe it’s that the senator is a few years too late. Had Xenophon proposed their legislation in 2013, for example, he could have nipped the nascent skins industry that is gambling the bud. Instead, he thought we would just launch it weeks after Valve, creators of CS: GO, announced so it ended up being shutting the industry down.

Valve’s skins are colorful and collectible in-game tools that your business permitted to be exchanged between players over its Steam platform as a way of creating an in-game economy. But their capability to be utilized in sites that are third-party them to be utilized as digital chips in online gambling games. Valve was indeed accused of encouraging and even profiting from skin gambling.

Valve’s Ultimatum

Eventually, in mid-July, as legal actions started to travel, the company officially denied it had ever profited from skin gambling, and emphasized that those who had were in breach of its terms and conditions.

It then sent cease-and-desist notices to at minimum 23 skin wagering sites, promising them that their Steam accounts would be terminated if they continued to work, as it begun to dismantle the industry it had inadvertently developed. The betting sites require Steam accounts in purchase to transfer skins and the deletion of these accounts would suggest 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 waiting for 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 formally 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 out and sell its 50 per cent stake to reduce debt as well as for ‘general corporate purposes.’

The deal, that was first announced in early June, was completed on August 1.

MGM Resorts happens to be 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 stands to receive payments that are additional property taxation refunds. The operator received roughly $900 million total in the deal, but was additionally accountable for its share of the Borgata’s $575 million in liabilities.

MGM Offensive

Paying a huge selection of millions of bucks for any such thing in Atlantic City at this time might seem ill-advised, nevertheless the Borgata is certainly one of this few venues nevertheless switching out strong revenues in the New Jersey resort.

This year through June, the Borgata has grossed $337.4 million in casino wins. Associated with other seven properties nevertheless in procedure, the Borgata’s nearest competitor is also its closest neighbor: that is Harrah’s, with $172 million.

The climate that is economic Atlantic City is dismal. The town is broke, four casinos closed in 2014, and government that is local have reached war with those within the state’s capital in Trenton who want 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 appears MGM believes now may be the time to buy. The business owns 10 casinos in Las Vegas, and has 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.

Dangerous Company

When 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 located on the iconic Boardwalk. The glitz and glamour that once accompanied the beach is now located some 10 blocks inland at the Borgata.

When Steve Wynn first conceived the task back in 2001, gambling was strong in Atlantic City. The town was in its fourth straight year grossing over $4 billion in casino victories, and while Harrah’s and Trump Marina (now the Golden Nugget) were already positioned in the marina district, building a $1.3 billion venue ended up being still a significant risk.

Wynn eventually abandoned the project and MGM and Boyd played the hand. It’s paid down.

‘While the marketplace continues to experience challenges, Borgata has outperformed and differentiated itself as the undisputed frontrunner in the city,’ MGM CEO Jim Murren concluded month that is last.

FanDuel Adopts Complete Branding Overhaul

FanDuel’s New Look: The DFS giant has gone for the rebrand that is risky but the timing is perfect. (Image: FanDuel.com)

FanDuel surprised a major rebrand to its customers this week. The daily fantasy sports giant has kicked the sloping white-on-black cursive into touch.

In its spot is a modern, clean, all-caps logo, and a new business color scheme; blues and whites, completely unrecognizable from its predecessor.

The brand now employs a new motif, too, a shield, which represents ‘an age-old athletic emblem, to spend homage to history’s strongest leagues, teams, and competitors,’ explained the business this week.

‘As we move into this next era of fantasy sports, the FanDuel Shield will lead the way,’ FanDuel assured us at the unveiling of its new-look website Monday.

UK Launch

Rebranding is definitely risky, especially an utterly comprehensive revamp like this one, however the timing is practical. The brand new NFL period is not far away. The English Premier League period is planning to start.

Meanwhile, FanDuel arrives to launch in the united kingdom this month and can without doubt be looking to form some strategic partnerships and sponsorship discounts.

Better, then, to get the branding sorted now ahead of the players of the soccer that is eventual of choice go running out with the old logo design plastered across their jerseys.

Meanwhile, in the US fantasy that is daily stands at a crossroads, with a small number of states already opting to license and regulate the industry, while hugely valuable key markets like California and New York mulling a similar move, ny in specific. What better option to represent the bright, new era of regulated, pelican pete slots free play licensed and consumer-protected DFS than with a bright, new identity?

FanDuel Bill of Rights

The company has also unveiled ‘the FanDuel Bill of Rights,’ a commitment to consumer protection clearly designed to restore faith in the industry after the damage caused by DraftKings’ so-called ‘insider trading’ scandal of late last year in this spirit.

In late September DraftKings employee Ethan Haskell inadvertently posted player data online before the commencement of the week’s NFL games, information that the common player has usage of only after the line-ups that are weekly locked in. Into the week that is same Haskell had won $350,000 playing on

FanDuel, and suddenly alarm bells were ringing.

DraftKings and Haskell were eventually exonerated by a third-party investigation, nevertheless the debacle prompted increasingly strident calls for more transparency inside the industry, specially with regard to the workings of the two internet sites’ business models and just who may have 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 so that you can prevent sharks from feeding off brand new players in heads-up contests, because well as the prohibition of FanDuel staff from participating in DFS contests.

Summer Olympics Unlikely to Visit Developing World Once Again After Rio’s Shortcomings

Officials say it’s all systems go in Rio de Janeiro, but the issues 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 August 5, but not everyone is ready to celebrate friday. 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 congested city didn’t come to fruition as prepared, the city opted to not clean its severely contaminated Guanabara Bay, athlete accommodations are inadequate, and did we mention the Zika virus?

Rio’s inability to prepare for the properly Olympics has been well documented round the globe, and it’s been downright embarrassing for the IOC. The expected result is that the Olympics will likely be awarded to more stable cities within the coming years.

‘The class is the fact that plenty of things can alter in seven years,’ IOC member Dick Pound told the Wall Street Journal.

Chances Against Africa

Tokyo has already 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 continent that is remaining never host an Olympics (excluding Antarctica).

Southern Africa was once considered a well liked for the 2024 games, but the country rescinded its bid this past year due to economic factors. If Rio might have gone off without any problems, many think the IOC would have been inclined to use Africa.

However with South Africa out, viable options are slim to none. No other city in Africa currently has the infrastructure or ability to aid the Olympics.

Sportsbook.ag has Paris as the favorite that is heavy the 2024 games at 9/10. Los Angeles and Rome are both at 3/1, and Budapest is 4th at 10/1.

It’s expected that Rome’s odds can be longer once the scrutiny that is public over Rio’s mishandling of the 2016 event and IOC officials look for simple sailing waters.

Rio Promises Excitement

Just three days away from the Opening Ceremonies, more press has been given to Rio’s insufficient preparation compared to actual competitions that are upcoming.

Michael Phelps, the most decorated Olympian into the history of the games, is coming back for his fifth and final Olympics. But his title is rarely mentioned compared to the buzzwords ‘Zika,’ ‘contamination,’ ‘inadequate,’ and even ‘body parts.’

While the news is notorious for hyping up tales and debate, in regards to Rio it’s warranted.

Just week that is last the Brazil Ministry of Justice fired the private security company hired for the Olympics. More than 3,400 safety workers were designed to work the games, but the company was let it go after Brazil officials said only 500 officers had been hired.

It’s the scandal that is latest, but one of the most consequential as crime and terrorism is of utmost concern.

Whatever the excess of controversy, Brazil is still painting a rosy picture.

‘Rio de Janeiro has two main assets, which are its normal beauty while the strength of its people,’ Rio Mayor Eduardo Paes said week that is last.