Do you pay money to get into the contest, and do you get money back when you win.”There was no playing favourites, say state regulators and casino operators. They kept $227 million of what was bet on football, basketball, baseball and other sports last year, up 61 percent since 2011, according to Nevada Gaming Control Board statistics. “The issue, of course, is the technology to operate it,” he said. Neither does sports book operator William Hill. South Point doesn’t have it, and Nevada regulators have cautioned those with licenses to keep their distance from the companies that aren’t licensed. It invites a small pool of possible players residing in three states where it’s legal and regulated, including Nevada. “No brick-and-mortar wants to put their licence at risk,” said Chris Jones, a gambling industry analyst with Union Gaming. Leiberman said he didn’t consider it an effort for the state to protect its own. “What it’s doing is calling fantasy sports what it is,” he said.Casinos and sports books, the only companies who can legally offer daily fantasy sports sites in Nevada, are instead watching and waiting from the bleachers.On Friday, DraftKings reiterated in an emailed statement, “we understand that the gaming industry is important to Nevada and, for that reason, Nevada is taking this exclusionary approach against the increasingly popular fantasy sports industry. “I don’t think the operators will get involved until there’s much better clarity. “
When you parse it all out state by state, you dwindle the pool so much that it’s not attractive to the players,” said Sue Schneider, an Internet gambling expert who started the Interactive Gaming Council trade group in 1996. Only one of the major casino companies, Caesars Entertainment Corp. And if so, that’s gambling. The state’s sports books, for one, haven’t suffered with the recent existence of daily fantasy sports. “At this point they’re probably just waiting for the dust to settle,” Schneider said of the casinos.” But MGM spokesman Clark Dumont said in a statement that the company hopes the daily fantasy industry will return to Nevada in the future, going so far as describing it as an “innovative brand of entertainment.” Those lucrative gambling licences, a result of intense background investigations by Nevada agents who aim to root out unsavoury characters from an industry that’s only a China aluminum Telescopic ladder few decades removed from its mob past and wants it to stay that way, keep their multi-billion dollar operations humming. MGM Resorts, for one, owner of several Las Vegas Strip casino-hotels, says it’s “not focused on participating in the daily fantasy market at this time. Plus, the daily fantasy sports model has relied on large numbers of new players entering in order to promise big prizes to the minority who win. They may have clarity in Nevada, but they don’t have it outside the state’s boundaries.”.”
