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DFS legislation would push small operators out of business

Wednesday, March 30, 2016 : SMALL FANTASY SPORTS STAKEHOLDERS TAKE ON PERCEIVED DUOPOLY IN NEW YORK STATE

Proposed legislation would push small operators out of business, says SBFSTA.

A newly formed coalition of the smaller fantasy sports business and vendor sector says it will fight the duopoly comprising FanDuel and DraftKings who support  proposed New York State legislation that would see prohibitive licensing fees of $500,000 and a tax regime of 15 percent of gross gaming revenues effectively put small operators out of business.

The Small Business Fantasy Sports Trade Association (SBFSTA) formed when the Fantasy Sports Trade Association (FSTA) was deemed to have been co-opted by FanDuel and DraftKings and no longer represented the interests of all members big and small, SBFSTA said.

“Policy makers and the public have been led to believe that DraftKings and FanDuel speak for all fantasy sports operators. They do not,” Alex Kaganovsky, spokesperson for the SBFSTA said.  "We will take this fight across the country on behalf of all of the fans.  We will not stand by while the two major players in the industry, which have direct financial ties with three of the major professional sports leagues, are permitted their own duopoly in New York."

Kaganovsky said in a press statement that as written, the current New York bill sets up a battle between David and Goliath and is little more than a concealed effort by DraftKings and FanDuel to eliminate competition by driving out the hundreds of small operators who cannot possibly pay the high fees and taxes called for in the legislation.

"Mom and Pop type businesses count for about 95 percent of the fantasy sports industry. There is a lot more to fantasy sports than DraftKings and FanDuel. Small businesses have been the lifeblood of this industry for decades.”

Recent legislation passed in Virginia and Indiana will also have a devastating effect on small fantasy sports businesses, leaving only the large operators room to afford new licensing fees and taxes.

"Existing small businesses and start-up companies need smart legislation that will allow them to operate and thrive in the great state of New York alongside the billion dollar giants like FanDuel and DraftKings," Kaganovsky concluded.

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Gambling News :

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

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 Thursday’s 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 Republic’s 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.

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