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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 :

South Africa Going After Illegal Gambling - In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.

The Winning Express arbitrage sports betting scheme - A UK-based GBP 27 million arbitrage sports betting scheme, The Winning Express, has collapsed, leaving a thousand investors with concerns that their money is lost, according to a BBC report over the weekend.

Global Poker League Championship Results - #gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.

Yahoo DFS Gets Uk License - #yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.

SPANISH GAMBLING MARKET CONTINUES TO GROW - Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.

Novomatic Acquires Albanian National Lottery - #Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.

2016 Massachusetts Gaming Commission Report - Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.

Jack Lam denies bribe allegations - Allegations by Philippines Justice Secretary Vitaliano Aguirre that casino tycoon Jack Lam used 'facilitator' Wally Sombero in an attempt to bribe him into protecting Lam interests have been hotly denied by Lam.

Fonbet Gets Russian Betting License - #Fonbet Russian-licensed operators are required to use officially sanctioned payment hubs called TSUPIS to facilitate government oversight, and this may be a concern for Fonbet at present.

New Attempts to Restore the Wire act - In the first of these initiatives, which Online Poker Report notes is supported by only eight state AGs (half those who signed a similar letter last year), the signatories seek support for RAWA at a Congressional hearing scheduled for December 9.

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