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

Counter<span id="more-4073"></span>-Strike Should be Classed as Gambling, claims Aussie Pol

Counter-Strike could 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 recharging money that is real items of varying value whose purchase relies for a level of chance. It would additionally establish age that is minimum if you need to pay to play, while games would be required to display clear warnings of possible gambling content.

Games like Counter-Strike: worldwide Offensive (CS: GO), around which a gambling that is billion-dollar has grown up through the trading of designer tools called ‘skins,’ had been ‘insidious’ in their targeting of minors, and the ‘Wild 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.

Far Too Late, Mate?

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

Valve’s skins are colorful and collectible in-game weapons that the business permitted become traded between players over its Steam platform as a means of creating an economy that is in-game. But their power to be transferred to sites that are third-party them to be used as digital potato chips in online gambling games. Valve have been accused of motivating and even profiting from skin 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 those who had were in violation of its terms and conditions.

It then delivered cease-and-desist notices to at least 23 epidermis betting sites, promising them that their Steam accounts will be terminated if they continued to work, as it begun to dismantle the industry it had inadvertently produced. The sites that are betting Steam accounts in purchase to transfer skins and the deletion of these accounts would mean curtains for the industry.

Valve gave the sites a 10-day window to comply, a deadline that expired on July 29. Many internet sites have actually appeared to comply with the need, shutting down ‘temporarily,’ but others still seem to be 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 formally an MGM Resorts property. 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 out and offer its 50 % stake to reduce debt and for ‘general corporate purposes.’

The offer, 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 stands to receive payments that are additional property tax refunds. The operator received roughly $900 million total in the transaction, but was additionally responsible for its share of the Borgata’s $575 million in liabilities.

MGM Offensive

Paying a huge selection of millions of dollars for anything in Atlantic City today may seem ill-advised, however the Borgata is one associated with few venues still turning out strong revenues in the brand New Jersey resort.

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

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

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

Dangerous Business

When 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 wouldn’t be situated on the iconic Boardwalk. The glamour and glitz that once accompanied the coastline is now located some 10 blocks inland at the Borgata.

When Steve Wynn first conceived the task back 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 situated 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 down.

‘While the market continues to have challenges, Borgata has outperformed and differentiated itself because the undisputed leader in the city,’ 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 dangerous rebrand, but the timing is perfect. (Image:

FanDuel amazed its customers by having a major rebrand this week. The daily fantasy sports giant has kicked the sloping white-on-black cursive into touch.

In its spot is a modern, clean, all-caps logo, and a new business 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, teams, and competitors,’ explained the business this week.

‘As we move into this next era of fantasy activities, the FanDuel Shield will lead the way,’ FanDuel assured us during the unveiling of its new-look website Monday.

UK Launch

Rebranding is obviously risky, especially an utterly comprehensive revamp like this one, nevertheless the timing is reasonable. The NFL that is new season not far away. The English Premier League season is about to begin.

Meanwhile, FanDuel is due to launch in the united kingdom 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 prior to 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 stands at a crossroads, with a small 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 specific. What better way 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 commitment to customer protection obviously designed to restore faith in the industry after the damage caused 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 beginning of the week’s NFL games, information that the typical player has access to only after the weekly line-ups are locked in. Within 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 inside the industry, particularly with regard to the workings of the two internet 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 in order to prevent sharks from feeding off players that are new heads-up competitions, since well as the prohibition of FanDuel staff from participating in DFS competitions.

Summer Olympics Unlikely to go to Developing World Once Again 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 August 5, but not everyone is ready to celebrate friday. 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 city that is congestedn’t arrive at fruition as prepared, 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 properly prepare for the Olympics has been well documented around the world, and it’s been downright embarrassing for the IOC. The expected result is that the Olympics are going to be awarded to more stable cities within the years that are coming.

‘The concept is that plenty of things can change in seven years,’ IOC user Dick Pound told the Wall Street Journal.

Odds Against Africa

Tokyo has already been verified for the 2020 Summer Olympics. The 2024 host will be announced on September 13, 2017.

The IOC can check South America off its list after Rio officially welcomes the Summer Olympics. That leaves Africa as the only staying continent to never ever host an Olympics (excluding Antarctica).

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

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

It’s expected that Rome’s chances becomes longer as the 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 times far from the Opening Ceremonies, more press is being given to Rio’s insufficient preparation compared to the real competitions that are upcoming.

Michael Phelps, the most decorated Olympian into the reputation for the games, is going back for his fifth and final Olympics. But his name is rarely mentioned contrasted to the buzzwords ‘Zika,’ ‘contamination,’ ‘inadequate,’ and even ‘body parts.’

While the news is notorious for hyping up tales and controversy, when it comes to Rio it’s warranted.

Just week that is last the Brazil Ministry of Justice fired the personal security company hired for the Olympics. More than 3,400 protection workers were likely to work the games, but the company was let go after Brazil officials said only 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 remains painting a rosy picture.

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