Archive | Best Practices

DraftKings and FanDuel Want Back Into New York

DraftKings, FanDuel Get Nixed in NevadaTwo of the world’s foremost companies on the front-lines of daily fantasy sports want back in to the state of New York.

DraftKings and FanDuel plan to appeal a court ruling that effectively banned the sites from operating in the Empire State.

According to Crains New York, FanDuel considers the ruling “only the beginning of the legal process.”
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Casino Industry Unveils New Best Practices

Casino Industry Unveils New Best PracticesThe American Gaming Association shared with mGamingWatch today its latest announcement made public just moments ago.

One year after issuing the first-ever comprehensive set of Anti-Money Laundering (AML) Best Practices, the AGA today released updates that include enhanced emphasis on instilling a strong culture of compliance; more robust assessment of money laundering risks; incorporation of key conclusions from the U.S. Treasury Department; and improved employee training on the latest AML updates.
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FTC Asked to Investigate Daily Fantasy Sports

FTC Asked to Investigate Daily Fantasy SportsThe increasingly complicated world of daily fantasy sports betting may be about to get even more complicated.

According to the latest reports out of New Jersey, requests are being made for the Federal Trade Commission to look into this emerging and highly controversial industry.

NorthJersey.com is reporting that the FTC has “has the authority to investigate daily fantasy sports,” according to claims from New Jersey Rep. Frank Pallone and U.S. Sen. Bob Menendez.
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Texas Lottery Taking a Closer Look at Online Gambling?

Texas Lottery Taking a Closer Look at Online GamblingAlthough there’s no doubt that Texas isn’t moving quickly to adopt widespread regulated online gambling in the state, Texas lottery officials seemingly believe that the world of online gambling may benefit the appeal and marketing muscle of the state’s lottery.

According to a new report from CardPlayer, there’s a lot of speculation about what the Texas lottery may or may not do in the coming weeks, months, or years.

In fact, Texas lottery officials “recently visited Delaware to meet with that state’s lottery officials.”
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NJ Division of Gaming Enforcement Releases Report on Amaya’s Acquisition of PokerStars and Full Tilt

NJ Division of Gaming Enforcement Releases Report on Amaya's Acquisition of PokerStars and Full TiltOn Monday, PND reported that the New Jersey Division of Gaming Enforcement has just released an lengthy report that utilizes some 89 pages to comprehensively chronicle its investigation of Amaya Gaming’s high-profile buyout of PokerStars and Full Tilt “and the possibility of issuing the company a Transactional Waiver Order – essentially a probationary license – to offer online gaming in New Jersey.”
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PPAG Announces Expansion of Gaming Practice in the US

PPAG Announces Expansion of Gaming Practice in the USOn Tuesday, the Princeton Public Affairs Group (PPAG) announced the extension of its gaming practice providing strategic advice to the gaming industry across the US.

The move, we’re told, draws on the international gaming expertise of Bill Pascrell, III — or “BP3.”

The expanded offering is highlighted in a new video entitled, PPAG Perspectives: Navigating the Gaming Landscape, which you can check out below.

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EveryMatrix Celebrates Their New Security Standards

EveryMatrix Celebrates Their New Security StandardsEveryMatrix recently expanded by opening offices in Asia and Europe. In their effort to attract a larger global gaming consumer-base, they recognized that they would benefit from receiving a higher security certificate.

While EveryMatrix had already invested much time and attention in their security protocols, they set out to achieve the ISO/IEC 27001 standard on Information Security Management—which they recently confirmed as a success, according to iGamingBusiness.

This certification not only highlights their commitment to security, but is an attractive feature for gamers and partners alike.

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Mobile Gaming Boom Helps Remove Bingo Ban in Minnesota

Mobile Gaming Boom Helps Remove Bingo Ban in MinnesotaAccording to local reports out of Minnesota, the popularity of mobile gaming on smartphones and tablets maybe be taking away substantial interest from state-focused and regulated games. As a result, officials in Minnesota may be compelled to act in bold ways to win back some lost attention.

“The game of bingo has been having a mixed bag of success in more recent years particularly in the UK,” the report notes. “Brick and mortar bingo halls have been in decline with less and less people opting to visit them on a regular basis. This is mostly due to financial issues and of course the increasing number of players turning instead to mobile apps and online bingo.”
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Lobbying for Restoration of the Wire Act Intensifies

Lobbying For Restoration Of The Wire Act Intensifies

In their ongoing efforts to restore the Wire Act, and once again make state regulated online gambling illegal—Sens. Lindsey Graham (R-S.C.) and Marco Rubio (R-Fla) introduced an accompanying bill to RAWA (S. 1668). The unlikely advocate, Las Vegas Sands Chairman Sheldon Adelson is still one of the bills most passionate vocal and financial supporters.

The National Association of Convenience Store’s (NACS) has hired the lobbying firm that chiefly wrote the RAWA. Currently, convenience stores monopolize the lottery ticket market, meaning that the more states that allow lottery tickets to be sold online, the more money they stand to lose.

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IRS Wants to Use Casino Marketing Tool to Track Player Winnings

IRS Wants to Use Casino Marketing Tool to Track Player WinningsAmong a casino’s most powerful marketing tools are, undoubtedly, their rewards and comps programs. Such programs reward gamblers by their frequency of visits to the casino and frequency of gambling. This means that player comp cards provide an in-depth log of gambling activity for each casino.

Currently, if a player wins more than $1,200, a reporting process with the IRS is taken care of at the casino. However, this means that when a gambler generates multiple small wins throughout the year, that their profits may be able to go under the radar.

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