Indiana may quickly enable racetracks to offer fantasy that is daily games similar to those found at popular internet sites like FanDuel.
When sports betting became a button that is hot 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 you lawmaker in Indiana has introduced a bill that could allow for sports gambling into the state.
State Representative Alan Morrison Haute that is(R-Terre introduced two separate bills related to recreations gambling, both of which are of interest to those following legal issues in the industry throughout the nation.
First, House Bill 1073 would allow for sports betting at gambling enterprises, racinos and off-track locations that are betting their state.
That bill, however, would require the Indiana Gaming Commission to determine that such gambling was allowed under federal legislation, meaning they could and could not do that they might closely watch the progress of New Jersey’s court battles to decide what.
The piece that is second of, understood as home Bill 1074, would allow 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 becoming extremely reliant upon, that revenue,’ said Morrison. ‘As it’s been trending down, it’s incumbent upon us to figure away how exactly to fix it or improve on just what we now have.’
While the fantasy recreations bill could be fully implemented straight away, Morrison says that the sports law that is betting be a way to truly have a framework for taking bets set up when if 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 sports gambling bill will be more controversial (other legislators have questioned whether or not they want to grow gaming in the state, while the NCAA, which opposes sports betting, is based in Indianapolis), Morrison believes their fantasy recreations bill has got the better chance of passing.
If it did, local racinos will be competing against companies such as FanDuel and DraftKings, the 2 biggest names within the daily dream activities industry.
There is speculation that ESPN could try to produce its own day-to-day 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 regarding daily fantasy recreations, either. Montana State Representative Forrest Mandeville (R-57th District) has introduced a bill that will explain hawaii’s video gaming guidelines to enable residents to play at the least some daily fantasy recreations games.
At the moment, Montana is one of just a few states that day-to-day fantasy 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 major role.
The new bill would specifically exclude fantasy sports games from the gambling meaning, but would just consist of an exception for games with total costs of $100 or less.
That would mean that Montana residents would be excluded from high-stakes fantasy that is daily, but could play the many popular contests on major fantasy sports internet sites.
It’s likely that other states will look at day-to-day dream sports within the year that is coming well. While some officials might want to challenge the legality of the games, it appears that the lobbying is heaviest regarding the side of creating such contests expressly legal into the few states where these are typically questionable at the moment, including Washington, Arizona, Iowa and Louisiana.
Major Hollywood Stars: Scorsese, De Niro, DiCaprio and Pitt synergy for Casino film
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 make film buffs everywhere snort into their popcorn.
Except that this movie is unlikely to be nominated for 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 open sometime later year.
This means it would likely actually be probably the most costly business promo ever made, although don’t quote us.
The movie will be premiered at the opening of the $1.5 billion Studio City and can be used 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.
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 manager’s seat, this may be a project that demands to seriously be taken, despite its marketing nature.
Warm-up for Sinatra Venture?
It is also the first time that DiCaprio and De Niro, both longstanding Scorsese collaborators, have appeared together in one of his films.
Scorsese fans have even speculated that it might be ‘warm-up’ for a Frank Sinatra biopic, which the manager, who appropriately 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 stated it’s his intention to ‘to bring together Western and Eastern tradition, through the creation of an international entertainment brand.’
Packer can be best known for being the boss of the Crown gambling empire but he’s no stranger to TV and film manufacturing; his father, Kerry Packer, was a media tycoon whom owned TV stations and magazines, and Packer Junior is the previous professional 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 make films that are independent co-producing blockbusters with major studios.
The following year, RatPac, along side 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 first five days won seven Academy Awards.
The Macao Studio City, meanwhile, could be the first resort in Asia to completely integrate tv and film production facilities, video gaming, retail and resort hotels.
The project initially expected to start last year but is beset by disputes, with one major backer that is financial out completely.
Squabbling between Hong Kong and US investors saw construction cease entirely before Melco-Crown stepped in to buy 60 percent associated with development in 2011.
With regards to finally opens (we hope) later, the resort will add ‘a self-branded luxury hotel’ with 1,200 rooms in the first place and at the most 2,000 rooms for phase two, along with 290,000 square feet of retail area, and, we hope, a red carpeting for DiCaprio, De Niro et al.
Liquidity Agreement Leads to Massive Traffic Increases in New Jersey
Thanks to a liquidity sharing agreement with 888poker, WSOP.com is now New Jersey’s largest internet poker website. (Image: 3nj.org)
Two poker that is online in New Jersey have seen their player pools increase dramatically into the past week, many thanks to a liquidity sharing agreement that went into effect just days earlier in the day.
The new contract sees WSOP.com and 888poker.com share players for many low-stakes cash games and some chosen tournaments, and has bumped both internet sites towards the top of New Jersey’s online poker market.
According to figures provided by PokerScout.com, WSOP.com in New Jersey is now the site that is largest 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 is a lot more dramatic on the All American Poker Network, additionally referred to as 888poker.com.
There, traffic is up more than 75 percent over the week that is past with all the site now averaging about 170 players at 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 Software that is same Package But Remain Independent
The merger was authorized by the known undeniable fact that both web sites utilize computer software given by 888 Holdings. At the moment, higher-stakes cash games and numerous tournaments are still segregated between your 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 occurs, though, the two sites are nevertheless technically independent.
That implies that the PokerScout traffic numbers for the two sites can be a little bloated, as players at low-stakes games will may actually be on both sites at the same time.
Nevertheless, it’s clear that the WSOP/888 partnership has more total players than partypoker/Borgata, at least in regards to their cash game traffic.
Liquidity Necessary to Sustain Poker Sites
Whilst the true number of players on an Internet gambling site may not seem noteworthy, it can in fact be crucial to the success of online poker rooms.
Unlike other games like slot machines or blackjack, poker calls for players to compete keenly against each other.
This means that without having a critical mass of players to keep games running, it could be difficult to attract individuals towards the tables.
In addition, larger player pools suggest bigger prizes in tournaments, which can in turn attract more players, starting a feedback that is positive for sites.
Should the bump in traffic persist, it could help spark a recovery in brand New Jersey’s online poker market.
There has been a constant downward trend since online gambling was introduced into the state in late 2013; while online poker sites were bringing in $3 million or even more every month early in 2014, that total had dropped below $2 million in October.
There are positive signs, however.
In December, monthly revenues increased for the time that is first four months, bouncing back above the $2 million mark.
Both 888poker.com and partypoker have also 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 all of the, there was talk that PokerStars could be approved for an on the web gambling license as quickly as March, and many hope that the online poker giant would bring in recreational players that are familiar aided by the PokerStars brand.