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Amaya and StarsDraft React to Fantasy Sports issues
Tuesday October 20,2015 : AMAYA REACTS TO DFS FURORE (Update)
Limits operation of StarsDraft
Amaya Inc. said Monday it will limit its daily fantasy sports (DFS) brand StarsDraft from real-money games and tournaments in most U.S. states following pending reviews in a number of jurisdictions
“We have previously called for state regulation and licensing of DFS to ensure consumer protection and strict government oversight of operators,” a press statement reads. “Prior to the launch of StarsDraft and based on a thorough review of the regulatory environment at the time, Amaya decided not to launch StarsDraft in jurisdictions where many of our competitors continue to operate today, including Michigan.”
Amaya withdrew from Florida and Nevada following the Nevada Gaming Control Board’s (NGCB) determination that DFS operators in that State are required to obtain a gaming license from the NGCB, saying the company supports the NGCB’s decision.
The decision is not anticipated to have a negative financial impact on Amaya and StarsDraft players in all jurisdictions will continue to have access to the funds in their online accounts at any time, the company said.
“We will actively monitor developments and work with all states interested in implementing clear guidelines for the operation of daily fantasy sports in their jurisdiction.”
StarsDraft will continue operations in New Jersey, Massachusetts, Kansas and Maryland who have “favorable existing daily fantasy sports guidance”.
StarsDraft was launched little over a month ago following Amaya’s acquisition of Victiv.
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Ninja Power Slot Launched By Slotland -
I think our players will be inspired by the ninja warrior characters the game designers have created,” said Slotland manager Michael Hilary. “These warriors fought hard, gave it all they had. Quitting wasn’t an option.
WILL JACK LAM RETURN TO THE PHILIPPINES TO TURN HIMSELF IN? -
The Philippines online gambling and bribery scandal keeps throwing up new developments almost daily, with the latest a report that Macau-based online gambling tycoon - the man at the centre of the furore - has put out tentative "surrender" feelers.
Stephen Conroy appointed head of new responsible gambling grou -
Conroy retired from politics in September after a 20 year career, and has now been appointed head of Responsible Wagering Australia, a new responsible gambling industry body backed by online gambling operators CrownBet, Sportsbet, Betfair, Unibet and Bet365.
SquwaKa To Enter sports betting sector -
Football digital content platform SquwaKa will be entering the sports betting sector with the launch of a new FSB Technology built and powered sports betting service to sit alongside its fantasy sports offer.
RaceBets Acquired by Betsson -
Niche operator #RaceBets complements #Betsson offering with a proprietary horse racing product and an experienced horse betting trading team.
Playtech buys back 780,000 shares -
Playtech's advisory earlier this week that it is to embark on a Euro 50 million share re-purchase initiative has been quickly followed by a notification from the company that it has bought an initial tranche of 780,000 shares at prices ranging between 797.75 and 816.63.
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The relatively new online gambling games developer Be The House, has announced that it is to launch its unique Cash In Roulette product with William Hill Online.
EveryMatrix in game deal with Endorphina -
#EveryMatrix Prague-based online slot developer Endorphina has found a new outlet for its games, signing a content supply agreement with white label provider EveryMatrix.
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