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FanDuel and DraftKings exit Alabama

Saturday, April 30, 2016 : DAILY FANTASY SPORTS OPERATORS EXIT ALABAMA MARKET
 
State AG's "cease and desist" warning prompts exodus of FanDuel and DraftKings.
 
Alabama daily fantasy sport fans will be unable to participate in competitions following a decision Friday by market leaders DraftKings and FanDuel to leave the market in compliance with a "cease and desist" letter from state Attorney General Luther Strange.
 
InfoPowa readers will recall that AG Strange issued an opinion earlier this year that DFS was gambling and therefore illegal in the state.
 
In his April 5 letter to DFS providers, AG Strange said that his opinion that DFS constituted illegal gambling was based on a careful review of Alabama’s gambling statutes, and he therefore gave the operators until May 1 to cease accepting business from Alabama residents.
 
In a statement DraftKings noted the AG's opinion and said that it did not agree with it. Nevertheless, it would comply with the cease and desist letter, the company said, adding that it was prepared to engage in a constructive manner with Alabama lawmakers, as it has done in other US states.
 
FanDuel's statement emphasised that the company believes it has always operated within Alabama state laws, but will comply with the cease and desist order.
 
Both companies have added Alabama to their lists of blocked states, and as at Saturday morning advisory emails were reportedly going out to Alabama players.
 
Observers said that the departure of the market leaders from the Alabama market would probably prompt other, smaller operators to follow suit.
 
Whether Alabama lawmakers have an appetite for pushing ahead with DFS legalisation measures, as has been the case in other states following an adverse AG opinion, is now the major DFS question in the state.

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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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