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

Counter<span id="more-12447"></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 longtime antagonist of the gambling industry and now he’s got Counter-Strike skin-betting firmly in his sights.

Xenophon announced this week 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 charging real money for items of varying value whose acquisition relies on a level of chance. It would also establish minimum age requirements for those who need to pay to play, while games would be needed to show clear warnings of feasible gambling content.

Games like Counter-Strike: worldwide Offensive (CS: GO), around which a gambling that is billion-dollar is continuing to grow up through the trading of designer tools called ‘skins,’ had been ‘insidious’ in their targeting of minors, and the ‘crazy West’ of online gambling, Xenophon said.

‘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 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 had been shutting the industry down.

Valve’s skins are colorful and collectible in-game tools which the business permitted to be traded between players over its Steam platform as a means of creating an economy that is in-game. But their capability to be utilized in third-party web sites enabled them to be utilized as digital potato chips in online gambling games. Valve was indeed accused of encouraging and even profiting from skin gambling.

Valve’s Ultimatum

Eventually, in mid-July, as legal actions began to fly, the ongoing company officially denied it had ever profited from skin gambling, and emphasized that people who had were in violation of its terms and conditions.

It then delivered cease-and-desist notices to at least 23 epidermis betting sites, guaranteeing them that their Steam accounts is terminated as it began to dismantle the industry it had inadvertently created if they continued to operate. The betting websites 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 sites have appeared to comply with the demand, 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 is currently formally 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 sell its 50 percent stake to pay down 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 proprietor that is sole 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 stands to get payments that are additional property taxation refunds. The operator received roughly $900 million total in the transaction, but was additionally accountable for its share of the Borgata’s $575 million in liabilities.

MGM Offensive

Paying a huge selection of millions of bucks for anything in Atlantic City today may seem ill-advised, but the Borgata is certainly one regarding the venues that are few switching out strong revenues in the New Jersey resort.

This year through June, the Borgata has grossed $337.4 million in casino wins. For 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 economic climate in Atlantic City is dismal. The city is broke, four casinos closed in 2014, and municipality leaders have reached war with those into the state’s capital in Trenton who want to end the town’s video gaming monopoly.

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

It will add to its US portfolio if the MGM nationwide Harbor in Maryland starts later this and the MGM Springfield in Massachusetts opens in 2018 year.

Dangerous Business

Whenever nj-new Jersey passed a referendum in 1976 to legalize gambling in Atlantic City, few could have most likely theorized that 40 years later on, the town’s hotspot wouldn’t be on the iconic Boardwalk. The glitz and glamour that once accompanied the coastline has become located some 10 blocks inland at the Borgata.

When Steve Wynn first conceived the project back in 2001, gambling was strong in Atlantic City. The town 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 found in the marina district, building a $1.3 billion venue had been still a risk that is significant.

Wynn eventually abandoned the project and MGM and Boyd played the hand. It’s paid off.

‘While industry continues to have challenges, Borgata has outperformed and differentiated itself since the undisputed leader in the town,’ MGM CEO Jim Murren concluded last month.

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 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, and a new company color scheme; blues and whites, completely unrecognizable from its predecessor.

The brand now employs a new motif, too, a shield, which represents ‘an age-old athletic emblem, to spend homage to history’s strongest leagues, groups, and competitors,’ explained the company 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 always 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 season is planning to start.

Meanwhile, FanDuel arrives to launch in britain this month and will no doubt be looking to form some partnerships that are strategic sponsorship deals.

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

Meanwhile, into the US fantasy that is daily appears at a crossroads, with a 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 particular. 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 start of the week’s NFL games, information that the average player has usage of 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 security bells had been ringing.

DraftKings and Haskell were eventually exonerated by an investigation that is third-party however the debacle prompted increasingly strident calls for more transparency within 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 so that you can prevent sharks from feeding off players that are new heads-up contests, because well as the prohibition of FanDuel staff from taking part in DFS competitions.

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 present year’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 preparing 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 city that is congestedn’t come to fruition as planned, the city 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 awarded to more stable cities into the coming years.

‘The training is that lots of things can alter in seven years,’ IOC member Dick Pound told the Wall Street Journal.

Odds 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 Southern America off its list. That leaves Africa as the only staying continent to 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 economic factors. If Rio might have gone down without any glitches, many think the IOC would have been inclined to try 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. has Paris as the heavy 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 expected that Rome’s odds will become 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 than the real competitions that are upcoming.

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

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

Just the other day, the Brazil Ministry of Justice fired the personal security firm hired for the Olympics. More than 3,400 protection personnel had been expected to work the games, but the ongoing business was let go after Brazil officials said only 500 officers had been hired.

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

No matter what the excess of controversy, Brazil is still painting a rosy picture.

‘Rio de Janeiro has two primary assets, which are its normal beauty therefore the power of its people,’ Rio Mayor Eduardo Paes stated week that is last. 

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