Political observer Jon Ralston interviewed Nevada’s Attorney General Adam Laxalt, who admitted to supporting Sheldon Adelson’s Restoration of the Wire Act (RAWA), on his TV program Ralston Reports. Laxalt also revealed his intention to signing a letter going around to US attorney generals, which supports a ban on online gambling.Nevada Governor Brian Sandoval responded to the interview saying, “The gaming industry is changing and in order for Nevada’s businesses to maintain a competitive edge internationally, we must enact policies that allow the industry to meet the demands of a younger, more technologically engaged gamer. “The groundbreaking online gaming bill previously…

There are at least 1.3 billion reasons why the operators of DraftKings and FanDuel are beginning to sweat. The two largest daily fantasy sports companies were each valued at $1.3 billion this year by the investment community. Both companies, fueled by hedge funds, investment firms, billionaires, and professional sports leagues, were considering initial public offerings sometime in 2016. That path met a roadblock. The Gaming Control Board issued a “cease and desist” order two weeks ago to the daily fantasy sports sites, saying the activity was the definition of sports wagering under Nevada law. Until they are licensed by the…

Well this is interesting. The friendly folk regulating casinos Nevada say fantasy sports are gambling. At least for now. Anyone who has watched professional football this season has seen the ubiquitous advertising and promotion for pay-to-play daily fantasy sports sites such as DraftKings and FanDuel. On October 15th, 2015, the Nevada Gaming Control Board issued a notice in which they concluded that fantasy sports are gambling under state law. The Board ordered all unlicensed fantasy sports operators to “cease and desist” immediately, and until the requisite gaming approvals are obtained, or until applicable gaming laws are changed by the Nevada…

Nevada gaming regulators banned unlicensed daily fantasy sports websites from providing their product to Silver State customers, saying the activity constitutes sports wagering. In an order filed by the Gaming Control Board Thursday, the agency said daily fantasy sports websites, such as DraftKings and FanDuel, can apply for a Nevada gaming license to operate a sports pool. The Control Board issued a “cease and desist” order that bans the websites from Nevada. “Since offering daily fantasy sports in Nevada is illegal without the proper license, all unlicensed activities must ceases and desist from the date of this notice,” wrote Gaming…

The Nevada Gaming Commission state regulatory body has given its approval to Penn National Gaming’s earlier-announcement of the Tropicana purchase. As reported by iGaming Business in April, US casino and racetrack operator Penn National struck a deal worth $360 million (€314.2 million) to take ownership of the facility in Las Vegas, Nevada. At the time of the original announcement, Penn National said it would fund the Tropicana purchase deal through an expansion of its existing credit facilities and cash in hand. The Tropicana Las Vegas boasts a 50,000 square foot casino as well as more than 1,000 gaming positions and…

Bryan Micon, former operator of the ‘Seals with Clubs’ Bitcoin poker site, will this week attend a court hearing in the US state of Nevada after being charged with operating an unlicensed gaming website. According to the Las Vegas Review-Journal, Micon will on Thursday travel from his home in Antigua for the hearing in a Nevada court. The news comes after Micon was in April charged with one count of operating an unlicensed interactive gambling website. However, an arrest warrant that was approved in April in connection with the charges has now been recalled in order to allow Micon to…