The Packers are one of the main NFL teams to signal partnership agreements with FanDuel.
FanDuel and DraftKings seem to be locked into a battle over which daily fantasy sports site will get bigger and better partners with regards to their brand name.
This week, it had been FanDuel making waves, once the larger of the two major daily fantasy brands scored a partnership with roughly half of this franchises in the National Football League, ensuring that they’ll have branding in many stadiums for the coming season.
The deal that is new allow FanDuel to possess signage in stadiums, utilize radio and electronic marketing, and work on promotions with the specific groups.
However, the deal isn’t without conditions, and it’s clear that the NFL is nevertheless being slightly cautious when it comes down to allowing the daily fantasy recreations industry to be a part of their league.
FanDuel is Not Official Sponsor for Teams or League
Under the current agreement, NFL team logos nevertheless can’t be used by FanDuel, either in advertising or on their internet site. FanDuel also defintely won’t be considered an ‘official’ sponsor of either the NFL or any team that is individual.
These are similar to the restrictions that are placed on relates to casinos as well as other gambling venues when they reach marketing agreements with NFL teams.
‘A team sponsor is a company that will utilize the team logo or state, ‘We are the official (company) regarding the group,” NFL spokesman Brian McCarthy told USA Sports today. ‘ That is not the full case here. These businesses rather than team sponsors…teams have advertising arrangements from a variety of companies, but it doesn’t make each of them team sponsor.’
These partnerships come just weeks after DraftKings announced a improved partnership with Major League Baseball.
That has resulted much more advertising and integration between MLB franchises and DraftKings: the day-to-day fantasy site is heavily advertised throughout the games of numerous groups, because well as in the MLB Network and MLB.com.
Last November, FanDuel became a partner that is official the NBA, the initial such deal between your site and an expert sports league.
Leagues Becoming More Comfortable with Day-to-day Fantasy Sports
The increasing partnerships between professional recreations as well as the fantasy that is daily comes as the marketplace of these dream games has increased exponentially, and (perhaps more importantly) once the leagues have become more convinced that day-to-day fantasy sports will not cause any legal problems for them.
The games are, in a strict sense, gambling: players are wagering money on uncertain outcomes like all fantasy sports. But fantasy sports games are exempted from laws prohibiting on line gambling, and fantasy that is daily contests fit within that exemption.
A small number of states have laws that demonstrably prohibit such games; major fantasy that is daily typically do not allow players from five states (Washington, Arizona, Iowa, Montana and Louisiana) to participate.
The teams that have consented to use FanDuel consist of, amongst others, the Green Bay Packers, the brand New York Jets, the Indianapolis Colts, the Detroit Lions and the San Diego Chargers. In accordance with Craig Benzel, the vice president of sales and business development for the Packers, the NFL’s partnership with FanDuel is consistent with the league’s conservative approach.
‘You’ve seen this within the NFL,’ Benzel said. ‘You’ve seen it with distilled spirits and casinos. The league doesn’t want to rush into anything.’
According to Washington Redskins Chief Marketing Officer Mitch Gershman, the deal will help his team reach fans that otherwise might not have tuned set for games.
‘We also know that [daily fantasy] players skew a little more youthful. We are broadening the fan base to have interest in NFL football,’ Gershman said.
Netherland’s Gambling Reforms Attacked After Unibet Court Ruling
Dutch State Secretary for Justice and Security, Klaas slots of vegas casino free chip Dijkhoff, has been forced to deny accusations that the court ruling renders planned Dutch online gambling licenses meaningless. (Image: nu.nl)
The Netherland’s sweeping new gambling that is online attended under fire due to a court case which ruled that unlicensed operators have no responsibility to refund players’ losings.
Last month a judge in Amsterdam rejected an endeavor by way of a Dutch online gambler to recoup the €178,000 ($191,000) he’d lost playing at Unibet.com.
The plaintiff had argued that, because online gambling wasn’t yet legal in the Netherlands, the money had been taken illegally and really should be came back.
Holland’s new State Secretary for Justice and protection, Klaas Dijkhoff, had been forced to deny that the ruling undermined the latest legislative work to liberalize, license and regulate online gambling in the country.
PvdA Party Member of Parliament and online gambling opponent Mei Li Vos questioned the worth regarding the brand new Dutch licenses in the light of the ruling, which she said would lead operators to trust they can target Dutch players with impunity with or with no license.
Criminal Prohibitions Still Apply
Dijkhoff countered that the ruling merely pertaining to the relationship that is legal the operator and consumer and there was nothing in Dutch law void that contract.
The court had acknowledged such appropriate disputes should be handled by the ‘place of the contract,’ as outlined in Unibet’s conditions and terms, which in this instance would be Malta.
The ruling failed to, however, permit unlicensed operators to target consumers without restriction, stated Dijkhoff. ‘The criminal and prohibitions that are administrative the Act on Games of Chance still apply,’ he said.
‘Since the Act will not provide authorization that is explicit arranging remote gambling, offering such games is currently banned in holland.’
‘For infringements, the [regulator] Kansspelautoriteit (KSA) can take enforcement action,’ he proceeded. ‘ Through the interest reported by the KSA I gather that many providers will opt for a permit. It is anticipated that players into the Netherlands will select an attractive, reliable and offering that is legal the KSA’s guidance once the regulatory regime comes into force.’
50-year-old Gambling Laws
Because well as regulating online gaming, the overhaul of Holland’s 50-year-old gambling laws would start the casino that is land-based to international companies.
There are presently no legal internet video gaming sites in the country as well as the government holds an entire monopoly on gambling. The nation’s only casino chain, Holland Casino, is wholly-owned by the continuing state and surrenders all profits to the Treasury.
Holland Casino would be privatized under the regime that is new.
The bill has been slow-moving, but is expected to be rubber-stamped soon and should come into force in 2016.
Experts predict that a regulated online environment would bring in €200 million in gross gaming revenue in its first 12 months.
Profits and Revenues Both Down for Las Vegas Sands
The Venetian is the flagship Sands casino in Macau. (Image: Dan Chung/The Guardian)
The Las Vegas Sands Corp. has been a major thorn in the sides of those who wish to see online gambling regulated in the United States.
Therefore it will come as some consolation to supporters of Internet gaming that the company seems to be struggling right now, even if that has little to do with their position on that issue.
The Sands announced on that its first quarter revenues for 2015 were down nearly 25 percent compared to a year earlier, coming in at $3.01 billion compared to $4.01 billion a year earlier wednesday.
Web income was down event more substantially: last year the first quarter generated $776 million in profits, down 34 percent to $511.9 million this year.
These figures came up just a bit short of what analysts had been expecting, aided by the consensus prediction being around $3.2 billion in revenues for the quarter.
Macau Struggles Result in Disappointing Profits
The big driver for the downturn had been Macau, where revenues have dropped substantially for all operators over the year that is last.
The combination of a crackdown on corruption that has slice the movement of cash from mainland China, along with labor unrest and smoking bans, have actually significantly cut into the profits of all casinos in the territory.
‘The running environment in Macau, particularly in the high-end gaming segments, remained challenging during the quarter,’ said Sands Chairman and CEO Sheldon Adelson. ‘we know you’re all waiting for me to anticipate whenever we’ve reach the bottom in Macau. It’s very hard to make predictions, particularly about the long term.’
According to Adelson, there’s no sense of panic because of the drop: he says the ongoing company will nevertheless be ‘staying the course’ in the years ahead. That likely means looking into new development opportunities, such as opportunities in markets like Japan and Southern Korea.
Adelson additionally said that outside of Macau, the business’s results were solid: after all, the Sands still produced profit that is solid the quarter, and was able to get back dividends to their shareholders, also should they were down from a year ago.
The problem in Macau has deteriorated for casino operators since final summer, when the Chinese government announced a crackdown on money laundering and corrupt officials who have been either directly spending money in Macau or had been looking the other method as junket operators assisted VIP clients have money off of the mainland for use in the casinos.
VIP Business Down, But Sands Looking Toward Future
Those measures severely cut to the VIP business that powered the tremendous growth in Macau on the previous decade. The casinos have tried to modify, attracting more mass market clients and building family-friendly tourist attractions to diversify their offerings.
But it’s going to be hard to say how well these measures are working until later this when 2015 revenues can be compared to those of last year after the crackdown had begun year.
According with a reports, Las Vegas Sands can be among the companies best positioned to produce these alterations. The company has already been working to rebrand their casinos in Macau as Las Vegas-style resorts, detailed with retail shopping along with other amenities.
Former soccer legend David Beckham has even signed on to function as the real face associated with Venetian Macau’s advertising, another move that may help give the casino wider appeal to the masses.