Counter<span id="more-15745"></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 just a antagonist that is longtime of gambling industry and now he’s got 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 his legislation would prohibit game makers from charging you real money for items of varying value whoever purchase relies on a amount of chance. It would additionally establish age that is minimum for people who desire to pay to play, while games would be necessary to show clear warnings of possible gambling content.

Games like Counter-Strike: Global Offensive (CS: GO), around which a billion-dollar gambling industry has grown up through the trading of designer tools 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 holes that are huge their bank accounts,’ he added, nicely.

Too Late, Mate?

But despite their good motives, maybe it’s that the senator is a couple of years too late. Had Xenophon proposed their legislation in 2013, for example, he could have nipped the nascent skins gambling industry in the bud. Instead, he made a decision to just launch it weeks after Valve, creators of CS: GO, announced it ended up being shutting the industry down.

Valve’s skins are colorful and collectible in-game weapons that your company permitted to be traded between players over its Steam platform as a way of creating an in-game economy. But their power to be transferred to sites that are third-party them to be used as digital chips in online gambling games. Valve was indeed accused of motivating and also profiting from skin gambling.

Valve’s Ultimatum

Eventually, in mid-July, as lawsuits started to travel, the ongoing 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 delivered cease-and-desist notices to at least 23 skin gambling sites, promising 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 purchase to transfer skins and the deletion of their 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 currently officially an MGM Resorts home. The Atlantic City marina casino had been a partnership between MGM and Boyd Gaming since its opening in 2003, but Boyd recently decided to bow away and offer its 50 percent stake to pay down debt as well as for ‘general corporate purposes.’

The offer, that was first announced in early June, was completed on August 1.

MGM Resorts is currently 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 payments that are additional property income tax refunds. The operator received roughly $900 million total in the deal, but was also responsible for its share of the Borgata’s $575 million in liabilities.

MGM Offensive

Paying hundreds of millions of dollars for any such thing in Atlantic City today may seem ill-advised, however the Borgata is certainly one associated with venues that are few turning out strong revenues in the New Jersey resort.

This year through June, the Borgata has grossed $337.4 million in casino wins. Regarding the other seven properties still 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 city is broke, four casinos closed in 2014, and government that is local are at war with those into the state’s capital in Trenton who would like to end the town’s gaming monopoly.

‘ Buy low offer high’ is the oldest piece of investing advice in the guide, and it appears MGM thinks now is the time to buy. The business owns 10 casinos in Las Vegas, and it has properties in Mississippi, Illinois, Michigan, and Asia.

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

Risky Business

When nj-new Jersey passed a referendum in 1976 to legalize gambling in Atlantic City, few might have likely theorized that 40 years later, the city’s hotspot would not be located on the iconic Boardwalk. The glamour and glitz that once accompanied the beach is now 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 12 months grossing over $4 billion in casino wins, and while Harrah’s and Trump Marina (now the Golden Nugget) were already positioned 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 experience challenges, Borgata has outperformed and differentiated itself while 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 a risky rebrand, but the timing is perfect. (Image:

FanDuel amazed 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 place is a contemporary, clean, all-caps logo, 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 organization 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, nevertheless the timing makes sense. The NFL that is new season not far away. The English Premier League season is about to start.

Meanwhile, FanDuel is born to introduce in britain 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 choice go running out with the old logo plastered across their jerseys.

Meanwhile, in the US daily fantasy recreations stands at a crossroads, with a number of states already opting to license and regulate the industry, while hugely valuable key markets like California and New York mulling a similar move, nyc 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 also revealed ‘the FanDuel Bill of Rights,’ a dedication to consumer security demonstrably designed to restore faith in the industry following the damage brought on by DraftKings’ so-called ‘insider trading’ scandal of late final year.

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 same week, 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, nevertheless the debacle prompted increasingly strident calls for more transparency inside the industry, particularly 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 players that are new heads-up contests, since well as the prohibition of FanDuel staff from taking part in DFS competitions.

Summer Olympics unlikely to again visit Developing World After Rio’s Shortcomings

Officials say it’s all systems go in Rio de Janeiro, but the difficulties in bringing this 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, but 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 visited fruition as planned, the city opted to not 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 will likely be awarded to more stable cities within the years that are coming.

‘The concept is a lot of things can transform in seven years,’ IOC member Dick Pound told the Wall Street Journal.

Chances Against Africa

Tokyo has already been 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 South America off its list. That leaves Africa as the only staying continent to never ever host an Olympics (excluding Antarctica).

South Africa was once considered a favorite for the 2024 games, but the country rescinded its bid last year due to economic factors. If Rio might have gone down without any problems, many think the IOC would have been inclined to test Africa.

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

It is anticipated that Rome’s chances becomes longer while the scrutiny that is public over Rio’s mishandling of the 2016 event and IOC officials look for simple 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 competitions that are upcoming.

Michael Phelps, the most decorated Olympian in the history of the games, is coming back 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 stories and controversy, 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 were designed to work the games, but the company was let it go after Brazil officials said just 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 is still painting a picture that is rosy.

‘Rio de Janeiro has two main assets, which are its natural beauty while the energy of its people,’ Rio Mayor Eduardo Paes stated week that is last.