Counter-Strike might have a minimum age requirement in Australia under a bill proposed by Senator Nick Xenophon?
Australian Senator Nick Xenophon is really a antagonist that is longtime of gambling industry and now he’s Counter-Strike skin-betting firmly in their sights.
Xenophon announced this week it resumes next month that would classify games like Counter-Strike as gambling, pure and simple that he intends to introduce a bill to parliament when.
He told the Sydney Morning Herald that their legislation would prohibit game makers from charging real cash for items of varying value whose acquisition relies for a degree of chance. It would additionally establish minimum age needs for those who desire to pay to play, while games would be needed to display clear warnings of feasible gambling content.
Games like Counter-Strike: international Offensive (CS: GO), around which a gambling that is billion-dollar is continuing to grow up through the trading of designer weapons called ‘skins,’ had been ‘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 holes that are huge their bank accounts,’ he added, nicely.
Too Late, Mate?
But despite his good motives, maybe it’s that the senator is a few years too late. Had Xenophon proposed their legislation in 2013, for instance, he might 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 it ended up being shutting the industry down.
Valve’s skins are colorful and collectible in-game weapons that the business permitted to be exchanged between players over its Steam platform as a way of creating an economy that is in-game. But their power to be transferred to sites that are third-party them to be used as digital chips in online gambling games. Valve was accused of motivating and also profiting from skin gambling.
Eventually, in mid-July, as lawsuits began 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.
After that it sent cease-and-desist notices to at least 23 epidermis wagering sites, guaranteeing them that their Steam accounts could be terminated as it began to dismantle the industry it had inadvertently created if they continued to operate. The sites that are betting Steam accounts in purchase to transfer skins and the deletion of their accounts would suggest curtains for the industry.
Valve gave the sites a window that is 10-day comply, a deadline that expired on July 29. Many internet sites have actually appeared to comply with the demand, shutting down ‘temporarily,’ but other people still seem 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 officially an MGM Resorts property. 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 away and sell its 50 % stake to pay down debt and for ‘general corporate purposes.’
The deal, that was first announced in early June, was completed on August 1.
MGM Resorts has become 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 still appears to receive payments that are additional property tax refunds. The operator received roughly $900 million total in the transaction, but was also in charge of its share of the Borgata’s $575 million in liabilities.
Paying a huge selection of millions of dollars for anything in Atlantic City right now may appear ill-advised, however the Borgata is one for the venues that are few switching out strong revenues in the brand New Jersey resort.
Through June, the Borgata has grossed $337.4 million in casino wins this year. Of the other seven properties still in operation, the Borgata’s nearest competitor is additionally its closest neighbor: that’s Harrah’s, with $172 million.
The climate that is economic Atlantic City is dismal. The city is broke, four casinos closed in 2014, and government that is local are at war with those into the state’s capital in Trenton who would like to end the town’s gaming monopoly.
‘ Buy low offer high’ is the oldest piece of investing advice in the book, and it seems MGM thinks now could be the time to buy. The business owns 10 casinos in Las Vegas, and it has properties in Mississippi, Illinois, Michigan, and China.
It will add to its US portfolio as soon as the MGM nationwide Harbor in Maryland starts later this and the MGM Springfield in Massachusetts opens in 2018 year.
Whenever nj-new Jersey passed a referendum in 1976 to legalize gambling in Atlantic City, few might have most likely theorized that 40 years later, the town’s hotspot would not be located on the iconic Boardwalk. The glamour and glitz that once accompanied the beach happens to be 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 city was in its 4th straight year grossing over $4 billion in casino wins, and while Harrah’s and Trump Marina (now the Golden Nugget) were already found in the marina district, building a $1.3 billion venue had been still a risk that is significant.
Wynn eventually abandoned the task and MGM and Boyd played the hand. It’s repaid.
‘While the marketplace continues to see challenges, Borgata has outperformed and differentiated itself since the undisputed frontrunner in the town,’ 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 fantasy that is daily giant has kicked the sloping white-on-black cursive into touch.
In its destination is a contemporary, clean, all-caps logo, and a new business color scheme; blues and whites, completely unrecognizable from its predecessor.
The brand now employs a motif that is new too, a shield, which represents ‘an age-old athletic emblem, to pay homage to history’s strongest leagues, groups, and competitors,’ explained the business this week.
‘at the unveiling of its new-look website Monday as we move into this next era of fantasy sports, the FanDuel Shield will lead the way,’ FanDuel assured us.
Rebranding is obviously risky, especially an utterly comprehensive revamp like this one, but the timing is practical. The new NFL season is not far away. The English Premier League period is going to begin.
Meanwhile, FanDuel arrives to launch in britain this month and certainly will without doubt be looking to form some strategic partnerships and sponsorship discounts.
Better, then, to get the branding sorted now prior to the players of the soccer that is eventual of choice go running out with the old logo plastered across their jerseys.
Meanwhile, into the US daily fantasy recreations 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, New York in particular. What better solution to represent the bright, new era of regulated, 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 start of the week’s NFL games, information that the typical player has access to only after the line-ups that are weekly locked in. Within the week that is same Haskell had won $350,000 playing on
FanDuel, and suddenly security bells were ringing.
DraftKings and Haskell had been eventually exonerated by an investigation that is third-party but the debacle prompted increasingly strident calls for more transparency in the industry, particularly with regard to the workings of the two sites’ business models and just who’s got 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 in order to prevent sharks from feeding off players that are new heads-up contests, since well as the prohibition of FanDuel staff from playing DFS competitions.
Summer Olympics Unlikely to check out Developing World Once More Following Rio’s Shortcomings
Officials say it is all systems go in Rio de Janeiro, but the issues in bringing this year’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 Friday, August 5, yet not everyone is ready to celebrate. After months and even years of preparation problems on the section of neighborhood organizers, the Overseas Olympic Committee (IOC) is understandably frustrated.
The promised metro system to ease the heavily city that is congestedn’t come to fruition as prepared, the city opted not to ever clean its severely contaminated Guanabara Bay, athlete accommodations are inadequate, and did we mention the Zika virus?
Rio’s inability to properly prepare for the Olympics has been well documented across the world, and it is been downright embarrassing for the IOC. The anticipated result is that the Olympics is going to be awarded to more stable cities in the coming years.
‘The training is lots of things can transform in seven years,’ IOC user Dick Pound told the Wall Street Journal.
Chances Against Africa
Tokyo has already been confirmed for the 2020 Summer Olympics. The 2024 host will be announced on September 13, 2017.
After Rio officially welcomes the Summer Olympics, the IOC can check Southern America off its list. That leaves Africa as the only remaining continent to never host an Olympics (excluding Antarctica).
South Africa was once considered a popular for the 2024 games, but the country rescinded its bid year that is last to financial factors. If Rio could have gone off without any problems, many believe the IOC would have been inclined to test 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 chances becomes longer as the scrutiny that is public over Rio’s mishandling of the 2016 event and IOC officials look for effortless sailing waters.
Rio Promises Excitement
Just three days far from the Opening Ceremonies, more press is being given to Rio’s insufficient preparation compared to the real upcoming tournaments.
Michael Phelps, the most decorated Olympian within the reputation for the games, is coming back for his fifth and olympics that are final. But his name is rarely mentioned compared to the buzzwords ‘Zika,’ ‘contamination,’ ‘inadequate,’ and even ‘body parts.’
While the news is notorious for hyping up stories and controversy, in relation to Rio it’s warranted.
Just week that is last the Brazil Ministry of Justice fired the personal security firm hired for the Olympics. More than 3,400 protection personnel were supposed to work the games, but the ongoing business was let go after Brazil officials said pelican pete slot just 500 officers had been hired.
It’s the latest scandal, but perhaps one of the most consequential as crime and terrorism is of utmost concern.
Whatever the excess of controversy, Brazil remains painting a picture that is rosy.
‘Rio de Janeiro has two primary assets, which are its natural beauty and the strength of its people,’ Rio Mayor Eduardo Paes said week that is last.