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NY Governor Cuomo approves DFS law
Thursday August 4,2016 : NEW YORK GOVERNOR FINALLY SIGNS DAILY FANTASY SPORTS BILL
Governor Cuomo approves law passed by the state legislature in June.
A New York state bill defining daily fantasy sports as a game of skill which was passed in June this year has finally been signed into law by Governor Andrew Cuomo....in time for the NFL season for relieved operators.
The bill gives the New York Gaming Commission the responsibility of monitoring and regulating the vertical, and levies taxes at 15 percent of revenue and licensing costs of 0.5 percent capped at $50,000.
Governor Cuomos imprimatur de-fangs the aggressive pursuit of operators by state AG Eric Schneiderman, who believed that DFS was gambling and against state law, although he has been quick to announce that the governors approval does not mean that he will abandon other prosecutions he has prepared against FanDuel and DraftKings regarding allegedly false advertising and consumer fraud.
The governors approval makes New York the eighth US state to characterise DFS as skill-based and therefore legal.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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