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Vulcun Esports Laying Off Employees

Tuesday January 12,2016 :  DRASTIC STAFF LAY-OFFS AT DAILY FANTASY SPORTS FIRM
 
Is Vulcun about to move out of the eSports and DFS space?
 
The e-gaming publication Gamasutra reports this week that daily fantasy eSports provider Vulcun may be considering a move away from the real-money sector, and has laid-off 14 people - a quarter of its staff.
 
Our readers may recall that Vulcun voluntarily exited the Nevada market late last year when the state regulator opined that daily fantasy sports real-money wagering constitutes gambling and requires a licence.
 
The Nevada opinion, along with a widespread political and enforcement examination of DFS, was triggered by an alleged insider betting scandal that embroiled both market leaders DraftKings and FanDuel, a situation that continues to reverberate through the DFS industry and seems set to result in radical regulatory changes across US states.
 
Gamasutra speculates that perhaps the heat in the kitchen has been enough to persuade Vulcun management that it should look for other and less troublesome business opportunities.
 
That suggestion appears to be supported by an email from Vulcun co-founder Ali Moiz, who reportedly wrote in an email:
 
"The company is transitioning to a new direction, and unfortunately this [the lay-offs] is a painful but necessary part of the process. We are actively helping these people look for new jobs, so if anyone is interested in hiring them, they can contact ali [at] vulcun. We'll have more announcements about our new direction coming shortly in the next few weeks."

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Gambling News :

Anti Gambling bill S. 3376 - #s3376 Industry observers were taken by surprise late Friday when a little-known Republican Senator from Arkansas, Tom Cotton, filed the beginnings of a new bill in the US Senate Committee on the Judiciary in what appears to be a move to toughen the US legal stance on the Unlawful Internet Gaming Enforcement Act of 2006 and possibly the 1961 Wire Act.

2016 WPT Borgata Main Event Results - @MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.

G-Sports debuts with the game Road Redemption - #esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.

French licensed gambling operators lost $5M in 2015 - #france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.

NO PRIVATISATION FOR ONTARIO LOTTERY - The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.

Space Invaders wins Best Slot Product Award - The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.

Loss Recovery Act has again been defeated in a class action lawsuit - #gameofwar Illinois notorious Loss Recovery Act has again been defeated in a class action lawsuit...this one emanating from in-game activity on a mobile social gaming video game.

NEW MARKETING CAMPAIGN FROM LADBROKES - The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.

Gamesys acquires Snowcat Games - London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.

BetConstruct adds virtual sports products - The Golden Race package includes premium virtual content including; football, tennis, Real MMA Fighting, horse and greyhound racing, along with lotto and keno games content.

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