Counter<span id="more-3583"></span>-Strike Should be Classed as Gambling, claims Aussie Pol

Counter-Strike would 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 you money that is real items of varying value whose purchase relies for a level of chance. It would additionally establish age that is minimum for those who desire to pay to play, while games would be needed to show clear warnings of possible 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,’ had been ‘insidious’ in their targeting of minors, and the ‘Wild West’ of online gambling, Xenophon said.

‘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 his good motives, it may be that the senator is a couple of years too late. Had Xenophon proposed his legislation in 2013, for instance, he may have nipped the nascent skins gambling industry in the bud. Instead, he chose to launch it just weeks after Valve, creators of CS: GO, announced it was shutting the industry down.

Valve’s skins are colorful and collectible in-game weapons that your business permitted to be exchanged between players over its Steam platform as a method of creating an in-game economy. But their ability to be used in third-party sites enabled them to be used as digital chips in online gambling games. Valve had been accused of motivating and also profiting from skin gambling.

Valve’s Ultimatum

Eventually, in mid-July, as lawsuits started to fly, the company officially denied it had ever profited from epidermis gambling, and emphasized that people who had were in violation of its terms and conditions.

After that it sent cease-and-desist notices to at minimum 23 skin wagering sites, guaranteeing them that their Steam accounts will 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 order to transfer skins and the deletion of their 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 web sites have actually appeared to comply with the need, shutting down ‘temporarily,’ but others still be seemingly operating, two days after their ultimatum, presumably awaiting Valve’s next move.

Atlantic City’s Borgata Now Fully Owned by MGM Resorts with Boyd Gaming Buyout Complete

The Borgata Hotel Casino has become officially 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 offer its 50 % stake to pay down debt and for ‘general corporate purposes.’

The offer, 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 nevertheless appears to get additional repayments from property tax refunds. The operator received roughly $900 million total in the transaction, but was also responsible for its share of the Borgata’s $575 million in liabilities.

MGM Offensive

Paying hundreds of millions of bucks for such a thing in Atlantic City today might seem ill-advised, but the Borgata is one of this venues that are few switching out strong revenues in the brand New Jersey resort.

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

The economic system in Atlantic City is dismal. The city is broke, four casinos closed in 2014, and government that is local have reached war with those into the state’s money in Trenton who would like to end the town’s gaming monopoly.

‘ Buy low sell high’ is the piece that is oldest of investing advice in the guide, and it appears MGM believes now could be the time to buy. The company owns 10 casinos in Las Vegas, and has now properties in Mississippi, Illinois, Michigan, and China.

It will increase its US portfolio when the MGM nationwide Harbor in Maryland opens later this 12 months, and the MGM Springfield in Massachusetts starts in 2018.

Risky Company

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 situated on the iconic Boardwalk. The glitz and glamour that once accompanied the coastline is currently located some 10 blocks inland at the Borgata.

When Steve Wynn first conceived the task back 2001, gambling was strong in Atlantic City. The city was in its fourth straight 12 months grossing over $4 billion in casino victories, and while Harrah’s and Trump Marina (now the Golden Nugget) were already situated 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 paid down.

‘While industry continues to see challenges, Borgata has outperformed and differentiated itself while the undisputed leader 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 a high-risk rebrand, but the timing is perfect. (Image:

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

In its place is a modern, clean, all-caps logo design, and a company that is new 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 spend 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.

UK Launch

Rebranding is often risky, especially a revamp that is utterly comprehensive this one, however the timing is reasonable. The brand new NFL season is not far away. The English Premier League period is going to start.

Meanwhile, FanDuel is born to launch in the UK this month and can no doubt be looking to form some partnerships that are strategic sponsorship discounts.

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

Meanwhile, into the US daily fantasy sports appears at a crossroads, with a small number of states already opting to license and regulate the industry, while hugely valuable key areas like California and New York mulling a similar move, nyc in specific. 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 beginning of the week’s NFL games, information that the common player has access to 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, but the debacle prompted increasingly strident calls for more transparency within the industry, especially with regard to the workings of the two web 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 to be able to prevent sharks from feeding off players that are new heads-up competitions, since well as the prohibition of FanDuel staff from playing DFS contests.

Summer Olympics unlikely to again visit Developing World Following 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 Friday, August 5, however everyone is preparing to celebrate. After months and even years of preparation failures on the section of local organizers, the Overseas Olympic Committee (IOC) is understandably frustrated.

The promised metro system to ease the heavily congested city didn’t arrive at fruition as prepared, the town opted not to 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’s been downright embarrassing for the IOC. The anticipated result is that the Olympics is going to be awarded to more stable cities into the coming years.

‘The lesson is lots of things can change in seven years,’ IOC user Dick Pound told the Wall Street Journal.

Chances Against Africa

Tokyo was already 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 always South America off its list. That leaves Africa as the only continent that is remaining never host an Olympics (excluding Antarctica).

South Africa was once considered a well liked for the 2024 games, but the country rescinded its bid a year ago due to financial factors. If Rio might have gone off without any glitches, many believe the IOC would have been inclined to use Africa.

However with South Africa out, viable choices are slim to none. No other city in Africa currently has the capability or infrastructure to aid the Olympics. has Paris as the hefty favorite for the 2024 games at 9/10. L . a . and Rome are both at 3/1, and Budapest is 4th at 10/1.

It’s anticipated that Rome’s chances will become longer as the public scrutiny intensifies over Rio’s mishandling of the 2016 event and IOC officials look for easy sailing waters.

Rio Promises Excitement

Just three times far from the Opening Ceremonies, more press will be given to Rio’s insufficient preparation compared to real upcoming competitions.

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

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

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

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

Regardless of excess of controversy, Brazil remains painting a rosy picture.

‘Rio de Janeiro has two primary assets, which are its normal beauty and also the energy of its people,’ Rio Mayor Eduardo Paes stated a week ago.