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New York may get sports betting pending U.S. Supreme Court decision

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New York may get sports betting pending U.S. Supreme Court decisionReading Time: 2 minutes

Legal sports betting in New York? Yes, there could soon be an app for that.

 

Legislation now before state lawmakers would allow New York’s four non-tribal casinos to significantly expand how they take bets on pro and college sports — even permitting online wagers.

The bill is contingent on the outcome of a case now before the U.S. Supreme Court that seeks to overturn the federal ban on state-authorized sports betting outside of Las Vegas. A decision is expected within the next few weeks.

The legislation, introduced Thursday by State Sen. John Bonacic (R-Orange County), would also allow the casinos to enter partnerships with racetracks, OTBs and video lottery parlors in New York to register gamblers for their online platforms and also operate sports gambling kiosks.

I think there is a strong demand to be allowed to bet on sports legally,” Bonacic, head of the Senate’s racing, wagering and gaming committee told The Daily News.

Some New York sports fans said they would be all in.

Why not make it legal? Everyone is doing it with their friends and co-workers already,” said Laurie Steele, 58, of upstate Mohawk.

Steele and her husband, Richard, were heading into the Barclays Center for a pre-NCAA tournament college hoops game Saturday night.

The amount of revenue that can possibly generate from this can be a good thing for the economy,” Laurie Steele added.

New York’s existing gambling laws would allow the four commercial casinos licensed by the state in 2014 to offer on-site sports betting — if the Supreme Court allows it — as soon as the state’s Gaming Commission published regulations to govern it.

Bonacic and other supporters argued that allowing the casinos to expand their sports gaming offerings would better serve New York gamblers without having to amend the state’s constitution and its strict limitations on gambling.

It would also provide up to $30 million in additional revenue to the state annually and provide a much needed boost to struggling OTBs and racetracks, they added.

Nevada notched a record $248.8 million in revenue from sports betting in 2017. Sports wagering is also rampant in the U.K. and other countries.

All these other places are betting venues and if you are going to allow (sports) gambling, why shouldn’t they get a piece of the action?” Bonacic said.

Charlie Degliomini, executive vice president of Empire Resorts, owner of the Resorts World Catskills casino, said they were open to supporting Bonacic’s bill.

Critics, however, charged that odds are good that the legislation would benefit the state’s gambling industry at the expense of everyday New Yorkers.

Assemblyman Gary Pretlow (D-Westchester), head of the Assembly’s racing and wagering committee, called Bonacic’s bill a “starting point” and agreed that the state will need to address the public’s demand for sports wagering.

It’s clearly happening now in New York but it’s happening behind closed doors,” Pretlow said. “It is something that the state should be regulating.”

 

Source: nydailynews.com


Source: European Gaming Media and Events

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DAO.Casino is launching Sandbox for game developers

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Game developers will be able to become pioneers in the development of decentralized games for the gambling industry using DAO.Casino protocol.

 

On September 17, 2018, DAO.Casino is opening Sandbox for developers, independent teams and game development studios that choose to harness the power of the rapidly developing DApp industry.

Since Monday everyone may submit their application for Sandbox on the official Sandbox page.

The Sandbox project is designed by DAO.Casino developers. Participants of Sandbox will learn the basics of decentralized applications development on DAO.Casino protocol. Developers participating in Sandbox will learn to create, design and deploy decentralized games and applications on Ethereum blockchain.

DAO.Casino is planning to reward most active developers for their constructive feedback on the improvement and optimization of the SDK and related documentation. The company will separately announce the details of the rewards program later this fall.

“We are confident that the Sandbox project will play an important role in our collaboration with studios and independent game developers. We cannot wait to see our product helping developers unleash their creative and entrepreneurial talents and apply those to one of the most groundbreaking technologies of the XXI century. — states Ilya Tarutov, CEO, DAO.Casino. – I am sure that the products we’re developing will transform the online gambling into a fair and transparent industry for all of the involved parties: casino operators, developers, and affiliate marketers. “

“We are launching the Sandbox with the goal of enabling as many developers as possible to learn to create decentralized games. We have achieved an important milestone by starting to accept applications from developers all around the world who share our idea to make online gambling fair and transparent. With our technology, developers can take the whole gambling industry to the next level” – says Alexandra Fetisova from DAO.Casino.

DAO.Casino disrupted the online gambling industry in 2017 by starting the development of the protocol based on Ethereum blockchain technology. DAO.Casino protocol ensures the automation of transactions and facilitates interactions between all the industry participants: casino operators, game developers, and affiliate marketers. DAO.Casino team is fully dedicated to developing the best products and making the gambling industry a better place.

 


Source: European Gaming Media

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Big Time Gaming licences patented mechanic to Storm Gaming

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BTG licences its patented and trademarked MegaWays™ mechanic to UK-based developer Storm Gaming Technology Ltd

 

Pioneering online slot developer, Big Time Gaming, has struck yet another deal to licence its patented and trademarked MegaWays™ mechanic to Storm Gaming. Storm Gaming will be combining this with some of its brand licenses including I’m A Celebrity Get Me Out of Here, The Chase and Tipping Point to take its slots to the next level and deliver a superior player experience. The partnership will allow Storm Gaming to design and develop its own games using MegaWays™, which debuted in Big Time Gaming’s Dragon Born over three years ago.

Blueprint, another licensee of MegaWays™ has had great success leveraging BTG’s ground breaking IP, and Storm are sure to follow suit with a range of interesting products penned for land-based and online deployment Q1 2019.

MegaWays™ is a random reel modifier system that allows any given spin to produce a different number of symbols across the reels, allowing players to experience a totally different game with every spin. Big Time Gaming has cornered the market with this innovation with games like Bonanza, White Rabbit and Extra Chilli, and will be launching Who Wants to be a Millionaire in November – the most anticipated branded slot launch in history.

Nik Robinson, Big Time Gaming CEO, said: “We’re looking forward to seeing how Storm use the MegaWays™ mechanic. Storm has some highly entertaining IP licenses that will work seamlessly with MegaWays™.”

Steve Murray from Storm Gaming, said: “The MegaWays™ concept is remarkable; it provides for and delivers exciting game play on a whole new level. “We shall be using MegaWays™ on new Storm concepts and licensed IP with a number of launches set for the coming months.”


Source: European Gaming Media

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AGA Releases New Research On Economic Impact Of Gaming Industry

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Report shows 9.5 percent increase in economic output; industry now supports 1.8 million jobs nationwide

 

the American Gaming Association (AGA) released a new study examining the striking impact the gaming industry has on the U.S. economy – providing stable jobs to nearly two million Americans and generating billions of dollars in tax revenue. This is the first comprehensive report on the gaming industry’s national economic impact since 2014.

Oxford Economics’ 2018 study found that the U.S. gaming industry:

  • Contributes $261 billion to the U.S. economy, a 9.5 percent increase since 2014;
  • Supports nearly 1.8 million jobs, up from 1.7 million jobs in 2014; and
  • Generates $40.8 billion in tax revenues to federal, state and local governments.

“Gaming companies across the country are enabling long-lasting careers for their employees and making a huge impact on their communities through innovative partnerships with local nonprofits, volunteerism and the generation of revenue that supports critical services. The industry’s tax revenue alone provides enough funding to hire 692,000 new teachers,” said Sara Slane, senior vice president of public affairs for the American Gaming Association. “Since our last study in 2014, casino gaming has expanded into new markets, offered innovative new entertainment options and enhanced its position as a key contributor to local, state and federal economies.”

The research was commissioned by AGA and conducted by Oxford Economics. More information about the study can be viewed here.

About AGA: 

The American Gaming Association is the premier national trade group representing the $261 billion U.S. casino industry, which supports 1.8 million jobs nationwide. AGA members include commercial and tribal casino operators, gaming suppliers and other entities affiliated with the gaming industry. It is the mission of the AGA to achieve sound policies and regulations consistent with casino gaming’s modern appeal and vast economic contributions.


Source: European Gaming Media

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