Counter-Strike could 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 got Counter-Strike skin-betting firmly in his sights.
Xenophon announced this week which he intends to introduce a bill to parliament whenever 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 billing money that is real items of varying value whoever purchase relies on a amount of chance. It would additionally establish minimum age demands for people who desire to pay to play, while games would be required to display clear warnings of feasible gambling content.
Games like Counter-Strike: international Offensive (CS: GO), around which a billion-dollar gambling industry is continuing to grow up through the trading of designer tools known as ’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, neatly.
Too Late, Mate?
But despite his good intentions, it may be that the senator is a few years too late. Had Xenophon proposed their legislation in 2013, for example, 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 so it had been shutting the industry down.
Valve’s skins are colorful and collectible in-game tools which the company permitted become exchanged between players over its Steam platform as a way of creating an economy that is in-game. But their capacity to be transferred to third-party sites enabled them to be utilized as digital potato chips in online gambling games. Valve was in fact accused of encouraging and even profiting from epidermis gambling.
Eventually, in mid-July, as legal actions started to fly, the company officially denied it had ever profited from epidermis gambling, and emphasized that people who had were in breach of its terms and conditions.
After that it sent cease-and-desist notices to at least 23 skin gambling sites, promising 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 betting internet sites require Steam accounts in order to transfer skins and the deletion of the 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 web sites have appeared to comply with the need, shutting down ’temporarily,’ but others still be seemingly 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 offer its 50 percent 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 is now 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 income tax refunds. The operator received roughly $900 million total in the deal, but was also in charge of its share of the Borgata’s $575 million in liabilities.
Paying a huge selection of millions of bucks for anything in Atlantic City today may appear ill-advised, however the Borgata is one associated with few venues still turning out strong revenues in the New Jersey resort.
Through June, the Borgata has grossed $337.4 million in casino wins this 12 months. Of the other seven properties nevertheless in procedure, the Borgata’s nearest competitor is additionally 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 town leaders have reached war with those within the state’s money in Trenton who want to end the town’s video gaming monopoly.
’ Buy low offer high’ is the oldest piece of investing advice in the book, and it seems MGM believes now may be the time to buy. The company has 10 casinos in Las Vegas, and it has properties in Mississippi, Illinois, Michigan, and China.
It will increase its US portfolio once the MGM nationwide Harbor in Maryland opens later this and the MGM Springfield in Massachusetts opens in 2018 year.
When New Jersey passed a referendum in 1976 to legalize gambling in Atlantic City, few could have likely theorized that 40 years later on, the city’s hotspot would not be situated on the iconic Boardwalk. The glamour and glitz that once accompanied the coastline is currently located some 10 blocks inland at the Borgata.
When Steve Wynn first conceived the project back 2001, gambling was strong in Atlantic City. The city was at its fourth straight 12 months grossing over $4 billion in casino wins, and while Harrah’s and Trump Marina (now the Golden Nugget) were already situated in the marina district, building a $1.3 billion venue was still a risk that is significant.
Wynn eventually abandoned the task and MGM and Boyd played the hand. It’s paid.
’While the marketplace continues to experience challenges, Borgata has outperformed and differentiated itself due to the fact undisputed leader 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 a rebrand that is risky but the timing is perfect. (Image: FanDuel.com)
FanDuel astonished 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 spot 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 pay homage to history’s strongest leagues, teams, and competitors,’ explained the organization this week.
’As we move into this next era of fantasy sports, the FanDuel Shield will lead the way,’ FanDuel assured us during the unveiling of its new-look internet site Monday.
Rebranding is definitely risky, especially an utterly comprehensive revamp like this one, but the timing is practical. The brand new NFL period is not far away. The English Premier League period is planning to start.
Meanwhile, FanDuel is due to introduce in the UK this month and certainly will no doubt be looking to form some partnerships that are strategic sponsorship deals.
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 plastered across their jerseys.
Meanwhile, within the US daily fantasy sports appears at a crossroads, with a couple of states already opting to license and regulate the industry, while hugely valuable key areas like California and New York mulling a similar move, New York in specific. What better method 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 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. In 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 inside the industry, particularly with regard to the workings of the two web sites’ business models and just who has 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 players that are new heads-up competitions, because well as the prohibition of FanDuel staff from participating in DFS competitions.
Summer Olympics unlikely to again visit Developing World Following Rio’s Shortcomings
Officials say it is 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, not everyone is preparing to celebrate. After months and even years of planning problems on the section of local organizers, the International 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 never to 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 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 in the years that are coming.
’The concept is the fact that a lot of things can transform in seven years,’ IOC user Dick Pound told the Wall Street Journal.
Chances Against Africa
Tokyo had been verified for the 2020 Summer Olympics. The 2024 host will be announced on 13, 2017 september.
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 ever host an Olympics (excluding Antarctica).
Southern 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 glitches, many think the IOC would have been inclined to test Africa.
But with South Africa out, viable options are slim to none. No other city in Africa currently has the capability or infrastructure to guide the Olympics.
Sportsbook.ag 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 fourth at 10/1.
It’s anticipated that Rome’s chances can be 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 days far from the Opening Ceremonies, more press will be given to Rio’s inadequate preparation than the actual competitions that are upcoming.
Michael Phelps, the most decorated Olympian within the reputation for the games, is going back for his fifth and olympics that are final. 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 controversy, 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 security personnel had been supposed to work the games, but the ongoing business 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 continues to be painting a picture that is rosy.
’Rio de Janeiro has two main assets, which are its natural beauty as well as the energy of its people,’ Rio Mayor Eduardo Paes said week that is last.