Counter-Strike Should be Classed as Gambling, claims Aussie Pol

Counter<span id="more-11338"></span>-Strike Should be Classed as Gambling, claims Aussie Pol

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 longtime antagonist of the 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 when it resumes next month that would classify games like Counter-Strike as gambling, pure and simple.

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 acquisition relies for a degree of chance. It would additionally establish minimum age requirements for people who need to pay to play, while games would be required to display clear warnings of feasible gambling content.

Games like Counter-Strike: Global Offensive (CS: GO), around which a billion-dollar gambling industry is continuing to grow up through the trading of designer weapons called ‘skins,’ were ‘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 intentions that are good it could be that the senator is a couple of years too late. Had Xenophon proposed his legislation in 2013, for instance, he could have nipped the nascent skins gambling industry in the bud. Instead, he thought we would just launch it weeks after Valve, creators of CS: GO, announced so it was shutting the industry down.

Valve’s skins are colorful and collectible in-game tools that the company permitted become traded between players over its Steam platform as a way of creating an in-game economy. But their ability to be transferred to sites that are third-party them to be utilized as digital potato chips in online gambling games. Valve was indeed accused of encouraging and even profiting from epidermis gambling.

Valve’s Ultimatum

Eventually, in mid-July, as lawsuits began to travel, 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 least 23 epidermis betting sites, pelican pete slot wins 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 websites need Steam accounts in purchase 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 sites have appeared to comply with the need, shutting down ‘temporarily,’ but other people still appear to be 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 happens to be formally 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 out and sell its 50 percent stake to reduce debt as well as for ‘general corporate purposes.’

The offer, which 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 nevertheless appears to receive additional payments from property tax refunds. The operator received roughly $900 million total in the transaction, but was additionally in charge of its share of the Borgata’s $575 million in liabilities.

MGM Offensive

Paying a huge selection of millions of bucks for such a thing in Atlantic City at this time might seem ill-advised, however the Borgata is certainly one of this venues that are few switching out strong revenues in the New Jersey resort.

Through June, the Borgata has grossed $337.4 million in casino wins this year. Of this other seven properties nevertheless in operation, 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 city is broke, four casinos closed in 2014, and local government leaders are in war with those in the state’s capital in Trenton who want to end the town’s gaming monopoly.

‘ Buy low sell high’ is the oldest piece of investing advice in the book, and it seems MGM believes now is the time to buy. The business has 10 casinos in Las Vegas, and it has properties in Mississippi, Illinois, Michigan, and Asia.

It will enhance its US portfolio as soon as the MGM National Harbor in Maryland opens later this and the MGM Springfield in Massachusetts opens in 2018 year.

Risky Company

Whenever nj-new Jersey passed a referendum in 1976 to legalize gambling in Atlantic City, few would have likely theorized that 40 years later on, the town’s hotspot wouldn’t be on the iconic Boardwalk. The glamour and glitz that once accompanied the beach is currently 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 victories, and while Harrah’s and Trump Marina (now the Golden Nugget) were already located in the marina district, building a $1.3 billion venue was still a significant danger.

Wynn eventually abandoned the task and MGM and Boyd played the hand. It’s reduced.

‘While the marketplace continues to see challenges, Borgata has outperformed and differentiated itself once the undisputed leader in the town,’ MGM CEO Jim Murren concluded final month.

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

In its destination is a contemporary, clean, all-caps logo design, 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 spend homage to history’s strongest leagues, teams, 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 obviously risky, especially a revamp that is utterly comprehensive this one, nevertheless the timing is practical. The brand new NFL period is not far away. The English Premier League period is going to begin.

Meanwhile, FanDuel arrives to launch in britain this month and can without doubt be looking to form some strategic partnerships and sponsorship discounts.

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

Meanwhile, within the US fantasy that is daily appears at a crossroads, with a handful of states already opting to license and regulate the industry, while hugely valuable key markets like California and New York mulling a similar move, ny 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

In this spirit, the company has additionally revealed ‘the FanDuel Bill of Rights,’ a commitment to consumer protection demonstrably designed to restore faith on the market following the harm brought on by DraftKings’ so-called ‘insider trading’ scandal of late last 12 months.

In late September DraftKings employee Ethan Haskell inadvertently posted player data online before the commencement of the week’s NFL games, information that the average player has use 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 had been eventually exonerated by an investigation that is third-party however the debacle prompted increasingly strident calls for more transparency within the industry, especially with regard to the workings of the two internet sites’ business models and just that 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 brand new players in heads-up contests, because 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 is all systems go in Rio de Janeiro, but the issues in bringing this season’s Summer Olympics together could drastically reduce Africa’s 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, although not everyone is ready to commemorate. The International Olympic Committee (IOC) is understandably frustrated after months and even years of preparation failures on the part of local organizers.

The promised metro system to ease the heavily congested city didn’t arrive at fruition as prepared, the city 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 globe, and it is been downright embarrassing for the IOC. The expected result is that the Olympics is awarded to more stable cities into the coming years.

‘The training is that lots of things can change in seven years,’ IOC member 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 13, 2017 september.

After Rio officially welcomes the Summer Olympics, the IOC can always check South 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 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 think the IOC would have been inclined to test Africa.

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

It’s anticipated that Rome’s odds will become longer due to the fact scrutiny that is public 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 compared to the actual upcoming tournaments.

Michael Phelps, the most decorated Olympian within the reputation for the games, is returning 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 media is notorious for hyping up tales and debate, in regards to Rio it’s warranted.

Just week that is last the Brazil Ministry of Justice fired the private security firm hired for the Olympics. More than 3,400 protection 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 latest scandal, but one of the most consequential as crime and terrorism is of utmost concern.

Whatever the excess of controversy, Brazil is still painting a rosy image.

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