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Daily Fantasy Sports Companies Apply Different Approches to US Market

Monday November 30,2015 :  DAILY FANTASY SPORTS FIRMS ADOPT DIFFERENT APPROACHES TO U.S. SCRUTINY
 
Political and enforcement attention motivates different strategies among DFS companies.
 
In an article published Monday the Associated Press news agency takes a look at the effect of the increased attention being paid to daily fantasy sports in the United States by political and enforcement interests.
 
The article reports that CBS's SportsLine DFS venture appears to have "quietly withdrawn" from the market until greater legal clarity is achieved, whilst Yahoo remains active but avoids the Florida, Arizona, Iowa, Louisiana, Montana, Nevada and Washington markets, and market leaders DraftKings and  Fanduel are also cautious in which states they continue to operate, although they remain in Florida despite a Grand Jury investigation into the industry.
 
Other companies are reportedly scaling back on their US operations, with one UK company focused on professional soccer - Mondogoal - exiting seven states so far. Founder Shergul Arshad, who lives in Massachusetts, says he's considering pulling up stakes entirely from the U.S., pointing out that 90 percent of his customers are resident outside the United States.
 
David Copeland of SuperLobby, a UK daily fantasy sports monitoring site, told AP that many companies are retrenching, but their movements haven't significantly hurt the market.
 
Amaya, which recently launched a rebranded DFS site under the title StarsDraft is playing a cautious game, perhaps fearing to undermine its campaign to achieve legalised status in California and other US states. AP reports that only weeks after launching it has exited a number of markets and now operates only in Massachusetts, Kansas, New Jersey and Maryland.
 
Amaya communications chief, Eric Hollreiser, told the new agency that the company was not giving up market share to its competitors but was "running a marathon and won't compete in the expensive marketing sprint the others are running."
 
Finally, AP reports that New York-based Star Fantasy Leagues has pulled out of 25 US states due to the high legal risk factors involved, and instead intends to focus on developing daily fantasy sports platforms for other operators, such as state lotteries.

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Gambling News :

Anti Gambling bill S. 3376 - #s3376 Industry observers were taken by surprise late Friday when a little-known Republican Senator from Arkansas, Tom Cotton, filed the beginnings of a new bill in the US Senate Committee on the Judiciary in what appears to be a move to toughen the US legal stance on the Unlawful Internet Gaming Enforcement Act of 2006 and possibly the 1961 Wire Act.

2016 WPT Borgata Main Event Results - @MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.

G-Sports debuts with the game Road Redemption - #esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.

French licensed gambling operators lost $5M in 2015 - #france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.

NO PRIVATISATION FOR ONTARIO LOTTERY - The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.

Space Invaders wins Best Slot Product Award - The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.

Loss Recovery Act has again been defeated in a class action lawsuit - #gameofwar Illinois notorious Loss Recovery Act has again been defeated in a class action lawsuit...this one emanating from in-game activity on a mobile social gaming video game.

NEW MARKETING CAMPAIGN FROM LADBROKES - The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.

Gamesys acquires Snowcat Games - London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.

BetConstruct adds virtual sports products - The Golden Race package includes premium virtual content including; football, tennis, Real MMA Fighting, horse and greyhound racing, along with lotto and keno games content.

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