Daniel Barbarisi’s brand new book, Dueling with Kings, chronicles the rise regarding the DFS industry and the political and battles that are legal had to fight in New York before regulation could occur.

Daniel Barbarisi’s brand new book, Dueling with Kings, chronicles the rise regarding the DFS industry and the political and battles that are legal had to fight in New York before regulation could occur.

New York State is the second biggest DFS market in the world, after California, whoever effort that is legislative regulate failed in 2016.

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Taxes were collected on significantly more than $18.6 million in gross revenue from New York’s licensees, at a levy of 15 percent, plus one more smaller income tax that does not exceed $50,000 annually per operator.

The vast bulk of that haul arises from market leaders DraftKings and FanDuel, although, in all, ten companies obtained temporary licenses to work shorty after New York Governor Andrew Cuomo signed the state’s DFS bill into law in August this past year.

Fantasy Aces Scandal

Along with DraftKings and FanDuel, Yahoo, Fantasy Draft, Draft, DraftDay, Synkt Games, Fanamana and DataForce are authorized to run.

The tenth, Fantasy Aces, had been plunged into bankruptcy in early February, and later admitted to failing to segregate its players’ money from its running funds, in violation of its licensing.

The latest York Gaming Commission had time that is little audit the company, since its DFS licensing regime ended up being so new, but it’s regarded as investigating. We can only hope that, if such incidents occur as time goes on, these are typically caught swiftly by the regulator’s checks and balances.

Regulation, after all, must swing Continue reading “Daniel Barbarisi’s brand new book, Dueling with Kings, chronicles the rise regarding the DFS industry and the political and battles that are legal had to fight in New York before regulation could occur.”

Yankton, South Dakota Officials Float Idea of Casino Near Downtown River

Yankton, South Dakota Officials Float Idea of Casino Near Downtown River

Could water baptize a river district in to a entertainment and casino destination and attract tourists? Officials with Yankton Area Progressive Growth (YAPG) believe it could.

Former State Senator Bernie Hunhoff speaks concerning the proposed Port Yankton task that includes a casino. It is being organized by Yankton Area modern development team and its particular president John Kramer (left).

The team introduced a plan early in the day this week to build a place near the Missouri River that would include a casino, restaurants, music space, river access, convention space, waterparks, retail area, a downtown marina as well as an excursion ship to compliment the historic structures already there. The fee would be between $30-50 million and would be privately funded by investors.

‘We’re continuing to broaden our mission a bit that is little realizing, from a workforce viewpoint, we actually need individuals,’ YAPG chairman Rob Stephenson said. ‘We really need people who want to live and remain in Yankton.’

Modeled After Deadwood

The casino would consist of 500 slots and 10 table games, and along with hotel revenue, would bring in a estimated $32-$40 million annually. Deadwood, which includes had controversy expansion that is surrounding has seven gaming spots to make bets into the historic city where Wild Bill Hickok ended up being shot dead at a poker table in 1876.

YAPG president John Kramer said the e Continue reading “Yankton, South Dakota Officials Float Idea of Casino Near Downtown River”