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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.



Gambling News :

Jurassic World Online Slot live - During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.

Is there a place for AI in poker? - If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word

MLB Odds: Mets vs. Dodgers - Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.

NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title - It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.

Vikings’ Victory Slot Launches - The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.

50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

NHL Odds: Series Tied Heading Back to Pittsburgh - As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.

Huge Win at Bitstarz Casino - There has been plenty of big wins being landed at BitStarz lately, and yesterday, it was time again. Surprisingly it was yet another Amatic game that made one lucky player extra happy as he raked in an incredible $112,402 during an evening of intense playing.

Beautiful Bones is the latest game release from Microgaming - Beautiful Bones is a five reel, 243 ways to win, visually superb slot. The Day of the Dead-inspired slot features vibrant and elaborately decorated reels, which truly bring this game to life.

NBA Odds: Can Warriors Keep up the Pace in Cleveland? - The Cleveland Cavaliers head back home down 0-2 in the 2017 NBA Finals after losing the first two games straight up and against the spread to the Golden State Warriors by wide margins. Game 3 is Wednesday at 9 PM ET on ABC.

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