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I. Nelson Rose Gaming Guru - Page 6  Gambling and the Law: Are daily fantasy sports legal?19 May 2017
Technology is speeding up changes in the world of gaming. It took almost two centuries for poker to evolve from Straight Poker – five paper cards dealt face down with no draw – to Internet Hold ‘Em linking players using computers in different states and even on different continents. Decades passed before ... (read more)
Gambling and the Law: Will Trump accidentally destroy Las Vegas?12 January 2017
President Donald J. Trump’s greatest strength, his success as a businessman, is also his greatest weakness. Take, for example, China. For decades, the United States has had what looks like bizarre, self-contradictory positions toward the Peoples Republic of China and Taiwan. Prior to the Communist Party’s ... (read more)
What should daily fantasy sports do now?24 November 2015
The two big daily fantasy sports (DFS) operators, FanDuel and DraftKings, and their backers are, in the immortal words of former President George H.W. Bush, in "deep-doodoo." But lawyers with legal shovels can probably dig them out. As recently as last year, the DFS industry's problems were relatively insignificant. ... (read more)
Gambling and the Law: Court gets New Jersey sports betting wrong again19 August 2015
Last year, I wrote an article explaining why the federal Court of Appeal was incorrect in ruling New Jersey could not regulate sports betting. The same court has now got it wrong again, this time ruling that the Garden State cannot even deregulate sports betting. In other words, when it comes to sports betting, New Jersey may not regulate, and it may not not regulate. ... (read more)
Gambling and the Law: Are daily fantasy sports legal?19 May 2015
Technology is speeding up changes in the world of gaming. It took almost two centuries for poker to evolve from Straight Poker – five paper cards dealt face down with no draw – to Internet Hold ‘Em linking players using computers in different states and even on different continents. Decades passed before ... (read more)
Gambling and the Law: Is proxy play legal?12 May 2015
In a Very Important Person suite in a casino in Macau, a scene similar to the following is probably taking place at this very moment. The game, of course, is baccarat. Junket operator into a telephone headset: “OK. How much do you want me to bet on this hand?” High roller, from somewhere on the Chinese Mainland: “$100,000.” Junket operator: “OK. ... (read more)
Gambling and the Law: Culture clash9 June 2014
It is not easy to do business in Asia. Or in the U.S. This is especially true of heavily regulated businesses, like legal gaming. And the problems are compounded when an individual who is a product of one culture wants to expand into a foreign market. Sometimes, the barriers are structural. How, for ... (read more)
Gambling and the Law: Adelson's bad bet9 December 2013
The gaming industry won most of its battles at the ballot box, but lost the public relations war. In Maryland, voters passed Question 7, 52% to 48%. This will not only allow the five previously authorized slot casinos to add table games, it permits a giant sixth Las Vegas style casino, right next to Washington, DC. ... (read more)
Gambling and the Law: Lessons from the insurance industry9 December 2013
Licensed gaming is slowly becoming just another legal business; which is a very good thing. Many of the strangest restrictions in the law arose from centuries of gambling being seen by society, or at least by opinion-leaders and law-makers, as an activity that was simply not respectable. Gambling debts were ... (read more)
Gambling and the Law: Cuba needs casinos29 July 2013
“I crapped out” -- Meyer Lansky, quoted in T.J. English’s HAVANA NOCTURNE: HOW THE MOB OWNED CUBA...AND THEN LOST IT TO THE REVOLUTION Fidel Castro is gone. He may not be dead. But on a recent trip to Cuba, I was told by both American and Cuban experts that he is beyond retired. His image may be everywhere, but he no longer has a living influence. ... (read more)
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