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Entry fees have declined at major DFS operators

Friday December 11,2015 : ENTRY FEES DOWN AT DAILY FANTASY SPORTS FIRMS
 
Media and enforcement scrutiny has taken a toll.
 
Chris Grove, a gambling industry analyst, told an informational forum on daily fantasy sports set up by the Massachusetts Gaming Commission this week that entry fees have declined at major DFS operators following the recent furore over "insider" allegations and increased scrutiny by the media and law enforcement agencies.
 
Grove, who is a consultant with Eilers Research, said that daily fantasy sports companies such as Boston-based #DraftKings Inc. expected in September that they would collect around $3.7 billion in entry fees, but this amount had now been revised downward to about $3.1 billion, a reduction that he described as a "pretty drastic haircut."
 
A request for judicial guidance on whether DFS constitutes gambling has been submitted to the New York judiciary by the New York Attorney General's Office and the court's opinion is currently awaited.
 
In the meantime federal law enforcement officials in Massachusetts, New York, and Florida are also investigating the legality of the industry, and Massachusetts governor Charlie Baker has asked the state Gaming Commission and the state Attorney General to examine how daily fantasy sports might be regulated
 
Maura Healey, the Massachusetts AG, has suggested a set of regulatory requirements which both DraftKings and #FanDuel have acknowledged would be generally fair and reasonable.

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Gambling News :

Microgaming is set to release three exciting new games in March - Pollen Party will literally have players buzzing with excitement as the ground-breaking, 720 way variable reel online slot is brought to life in a unique honeycomb reel layout.

NBA Odds: Resurgent Clippers Face Warriors in Oakland - After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursdayís game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.

NBA Odds: New-Look Pelicans Host Rockets on Thursday - The New Orleans Pelicans just hosted the All-Star Game and saw their very own Anthony Davis win the MVP. But the celebration was brief because the next day, the Pelicans made a huge trade,

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

Time is Money Slot Launches - Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.

ArenaCube Signs 3 New Deals - Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.

First Woman to Win a WPT Playground Championship - Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.

NHL Odds: Oilers-Blackhawks at the United Cente - Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.

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