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Friday, April 29, 2022
Monday, April 25, 2022
Casino News Media: OpenSea Delists Sands Vegas Casino Club NFTs after Cease & Desist Orders
OpenSea Delists Sands Vegas Casino Club NFTs after Cease & Desist Orders
OpenSea Delists Sands Vegas Casino Club Gambler NFTs.
This month two U.S states issued cease-and-desist orders to Sands Vegas Casino Club for NFT sales.
Sands Vegas Casino Club reportedly sold NFTs to fund a Metaverse casino, classifying them as securities.
It has been a mixed year for leading NFT marketplace OpenSea. In January, OpenSea saw trading volumes hit a record high before a sharp decline through February and March.
NFT market conditions have improved in April, with OpenSea Ethereum (ETH) based NFT trading volumes already sitting above March levels.
According to Dune Analytics, Ethereum-based NFT trading volume for April sits at $2.68bn with a week to go. For March, trading volumes stood at $2.49bn.
With NFT market conditions improving, OpenSea appears to be taking a more cautious approach to avoid regulatory fallout.
OpenSea Delists Sands Vegas Casino Club NFT Sales
This week, OpenSea suspended the sale of Sands Vegas Casino Club Gambler Ape NFTs. This time last week, OpenSea continued to allow the trading of the Gambler NFTs despite regulatory action against the virtual casino.
According to the Sand Vegas roadmap, Sand Vegas Casino acquired 27 plots in Sandbox in January 2022. The virtual casino aimed to meet all regulatory/legal requirements between March and August 2022.
The OpenSea Help Center states that it delists NFTs if it determines the NFT to:
The delisting will cut a funding source for the virtual casino.
Owners of the Gambler NFTs purportedly share in half the casino profits generated.
The OpenSea delisting follows the cease & desist orders from the states of Texas and Alabama.
While the casino website is still up and running and states that the SVCC NFTs are sold out, the Twitter account @sandsvegascasino no longer exists.
Alabama and Texas Issue Sands Vegas Cease-and-Desist Orders
This month FX Empire reported on Alabama and Texas issuing Sands Vegas Casino Club with cease-and-desist orders.
The two states said that the online casino sold NFTs to fund operations. According to the state laws of Alabama and Texas, the NFTs constituted an illegal securities offering.
The Texas State Securities Board press release stated that the virtual casino offered,
“11,111 Gambler NFTs in connection with their development metaverse casinos in popular metaverses such as the Sandbox (SAND), Decentraland (MANA), Infinity Void, and NFT Worlds.”
The press release went on to say,
“Gamblers, acting through avatars, can enter the metaverse casino and play poker and other games using cryptocurrencies. Purchasers of the Gambler NFTs profit from these operations. Not only do they become owners of the metaverse casinos, but they also purportedly share in half the profits generated.”
Thursday, April 21, 2022
Tuesday, April 19, 2022
Saturday, April 16, 2022
Casino News Media Blog: Australian gaming operators are closely monitoring crypto betting platforms as they sign major deals in the UFC and football.
Australian gaming operators are closely monitoring crypto betting platforms as they sign major deals in the UFC and football.
Tuesday, April 12, 2022
Friday, April 1, 2022
'Goodfellas,' 'Sopranos' actor Paul Herman dies at 76.
'Goodfellas,' 'Sopranos' actor Paul Herman dies at 76
Gangster movie stalwart Paul Herman, a Brooklyn native who appeared in “The Sopranos” and “Goodfellas,” died Tuesday on his 76th birthday.
The cause of death has not been disclosed.
His death was confirmed by Michael Imperioli, a former “Sopranos” castmate, who described Herman in an Instagram post as “just a great dude.”
“A first class storyteller and raconteur and one hell of an actor … Paulie lived around the corner from me the last few years and i am glad we got to spend some time together before he left us,” Imperioli, who played Christopher Moltisanti in the hit HBO series, wrote in the touching tribute.
“I’ll miss him. Lots of love to his family, friends and community of actors and filmmakers.”
Herman was well-known for his portrayal of heroin dealer turned pizza shop and club owner Peter “Beansie” Gaeta in “The Sopranos.”
“The one & only. A loving soul with a great sense of humor, Paulie Herman. REST IN PEACE,” she wrote.
The beloved actor also appeared in “Once Upon a Time in America,” “Silver Linings Playbook,” “Cop Land,” Analyze That,” “American Hustle” and Martin Scorsese’s crime epic “The Irishman” alongside Academy Award winner Robert DeNiro.
“Paulie Herman – Beloved by All. From the old NYC days at Cafe Central & Columbus to the West Coast nights at Ago, Paulie always had a smile and a table,” she wrote.
“Decades of memories in every conceivable haunt and hamlet. An actor, a horseman, a man about town, a bit of a health nut, a bottom line trusted friend,” Fisher added.
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