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Gambling Business Winners and Losers in 2015: Who Banked and Who Tanked

Gambling Business Winners and Losers in 2015: Who Banked and Who Tanked

Gambling business winners and losers in 2015 went from sea to sea that is shining America

Gambling business in 2015 was getting decidedly more complicated all the time.

Every video gaming operation, whether land-based or virtual, seemed to be bogged straight down in litigation of some kind this year.

In it this year whether it was New Jersey’s push to open the sportsbooks, daily fantasy sports’ hopes to be regulated, or even California’s seemingly never-ending journey to finally legalize online poker, the law had its hand.

That being said, some entities fared better than others this year. Let’s have a look, starting with the news that is good and who came out on top for 2015, and who got dunked.

The winners that are big

Paypal

Oh, look: it’s our old friend PayPal, back in the usa again to remind us we must update the banking information on that account we opened in the late 1990s!

After a 12-year absence in America, the online payment processor quietly decided this present year it was once more ready to roll the dice in the face of US federal video gaming laws which are still about as gray as a $5,000 chip at the Bellagio.

The digital payment service flipped out when regulators began looking closely at whether the company was violating federal anti-gambling laws in 2002, four years after PayPal was founded and customers began using the payment processor to fund their online gambling accounts.

In 2003, PayPa Continue reading Gambling Business Winners and Losers in 2015: Who Banked and Who Tanked

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Washington State On Line Poker and DFS Bills Introduced

Washington State On Line Poker and DFS Bills Introduced

Representative Sherry Appleton has resurrected her online poker bill, which didn’t gain traction year that is last.

Washington State’s on-line poker and fantasy that is daily (DFS) bills have been resurrected today, on ab muscles first time of this state’s legislative session, January 13th. The two bills are identical to legislation introduced a year ago that failed to gain traction in the legislature.

Representatives Sherry Appleton’s and Vincent Buys’ HB1114 seeks to authorize and control real-money online poker in a situation which was among the first to especially ban gaming that is online.

In fact, Washington is the only state where merely playing online poker could, at the very least theoretically, enable you to get locked up.

Lawmakers prohibited online gaming in 2006 in the wake of the passage associated with the federal Unlawful Internet Gambling Enforcement Act (UIGEA), and made it A class C felony.

Area 9.46.240 of their state’s gambling law declares that anybody who ‘knowingly transmits or receives gambling information by telephone, telegraph, radio, semaphore, the Web, a telecom transmission system, or means that are similar is breaking what the law states.

Grassroots Push

This means the act that is simple of on line poker could include a prison sentence as high as five years and a $10,000 fine, although no body has ever been prosecuted under this law, we must point out.

Nevertheless, numerous see the law as Continue reading Washington State On Line Poker and DFS Bills Introduced

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Las Vegas Review-Journal Gets Bought Out as Rumors Swirl That Sheldon Adelson Is the Mystery Buyer

Las Vegas Review-Journal Gets Bought Out as Rumors Swirl That Sheldon Adelson Is the Mystery Buyer

The Las Vegas Review-Journal has announced it is that it has a new owner, but not even the staff knows who.

Did Sheldon Adelson, whose Las Vegas casino the Venetian is readying for today’s final GOP debate, buy the Las Las Vegas Review-Journal? Most are saying ‘yes,’ but no one nevertheless the buyer him or herself knows without a doubt at this juncture.

The $140 million price tag for Nevada’s primary newspaper would be chump change for the billionaire, of program. But as town news sources go, it is considered a complete lot at the same time whenever print publishing industry is in decline.

But the mystery surrounding the purchase is exactly what really has folks talking, as nobody, not even evidently the newspaper’s staff, knows the identity of the new owner.

What we do know for sure is this: last Thursday, a business called News + Media Capital Group paid way over market value to take control of the newspaper from its previous owner, New Media Investment Group, which had bought it previously in the year for just $102 million.

Who owns the very recently incorporated News + Media Capital Group hasn’t even been divulged to staff, leaving the paper’s seasoned reporters, usually so adept at addressing the bottom of a whole story, scraping their minds.

‘Do Not Stress About Who We Are’

Michael Schroeder, a News + Media Capital Group manager, told staff in a meeting on final not Continue reading Las Vegas Review-Journal Gets Bought Out as Rumors Swirl That Sheldon Adelson Is the Mystery Buyer