Daily Fantasy Sports Should Be Regulated in Nevada, Says Sheldon Adelson-Owned Nevada Review-Journal

Daily Fantasy Sports Should Be Regulated in Nevada, Says Sheldon Adelson-Owned Nevada Review-Journal DFS regulation for Nevada: Sheldon Adelson is anti-online gambling, but his Las Vegas Review-Journal magazine wants Nevada lawmakers to regulate day-to-day fantasy recreations regarding the Internet. Daily fantasy sports (DFS) is getting more talk time these full days than the Kardashians. Now an editorial with no writer that is specific in the Las Vegas Review-Journal (LVRJ) has jumped in the bandwagon, calling for the regulatory framework to be founded by Nevada lawmakers. DFS was recently deemed to be unlawful by the state’s attorney general, Adam Laxalt, after which it the Nevada Gaming Control Board issued letters that are cease-and-desist the 2 industry leaders, DraftKings and FanDuel. DraftKings have been a major and visible World Series of Poker sponsor for 2015 before the ruling and subsequent action. ‘Nevada should not lag behind … with regards to taking action on this industry that is emerging. There is no reason virtually any state should jump in front of Nevada when it comes to dealing using this issue,’ the LVRJ editorial opined thursday. ‘Nevada is known as the ‘gold standard’ for gambling regulation in the usa, and with justification. Its method of regulation embraces technology that is new innovation, while ensuring fair games and protecting the legal rights of players,’ the piece concluded. The op-ed is more interesting because a major casino industry player recently purchased the principal Las Vegas newspaper. In December, a secret buyer was later determined to be the one and only Las Vegas Sands Chairman Sheldon Adelson. The billionaire reportedly paid $140 million via a subsidiary...
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