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New York Attorney General Going After DFS
Saturday Janusry 2,2016 : NEW YORK A.G. GETS NASTY WITH D.F.S. FIRMS (Update)
Schneiderman wants cash accepted from New York players refunded…and a penalty.
If the New York Attorney General's court action against daily fantasy firms FanDuel and DraftKings goes his way it could prove an expensive loss for the two companies.
AG Eric Schneiderman upped the ante this week by filing amendments to his charges which additionally ask the courts to order the DFS companies to refund all monies accepted as deposits from New York players, along with stiff penalties.
The amendments, filed on the last day of the year, were covered extensively by US mainstream media and seek a court order forcing the companies to "disgorge” and refund monies "obtained from consumers in connection with the fraudulent, deceptive and illegal acts” the AG alleges FanDuel and DraftKings have committed.
The filing also requests that the court imposes an additional punitive penalty of $5,000 in respect of each transgression of New York law that the courts find against the DFS firms.
InfoPowa readers will recall that on December 11 state Supreme Court Justice Manuel Mendez granted the AG an injunction halting all daily fantasy sports operations until the legality question was settled by a judicial finding.
The DFS companies urgently applied for the injunction to be suspended, arguing that if they were forced to shut down even temporarily, they would be irreparably harmed.
Associate Justice Paul G. Feinman of the Appellate Division of the State Supreme Court ordered a suspension of the Mendez injunction until January 4, when a panel of appeal judges will again consider the matter.
Commenting on the AG's new additions to the court action, DFS legal representative David Boies, said in a statement:
“The attorney general’s revised complaint reveals that the attorney general’s office still does not understand fantasy sports...it is based on the fundamental misunderstanding of fantasy sports competitions.”
The New York Times observed that if the Mendez injunction is upheld, DraftKings and FanDuel will lose a combined $35 million to $40 million in revenue, according to the gaming industry firm Eilers Research.
Aussie Millions won by Norwegian Jon Kyte and New Zealandís Daniel Smith -
In this event, poker players teamed up in pairs to form 79 teams. The teams had to climb their way up to the throne by beating the other teams. A total prize pool of A$80,975 was shared amongst the teams. The Shot Clock Team became particularly popular because the players had to devise their own ingenious strategies so as to reach the top.
ACR $15 Million OSS Cub3d -
Americas CardRoom immensely popular OSS Cub3d returns February 25th and it's bigger than ever. U.S. Online Poker players will have a chance to compete for $15 Million in guaranteed prize pools.
AIGF and Betradar formalised their relationship -
At this yearís ICE Total Gaming, the All India Gaming Federation (AIGF) and Betradar formalised their relationship, committing to understand, explore opportunities and network across India around sports betting and gaming.
EHF and Sportradar Extend Partnership -
The EHF is responsible for a wide range of activities including the promotion and development of the sport, education programmes, player transfers and the organisation of high-profile sports competitions and events including the EHF EURO and the EHF Champions League.
Swisslos and Betradar in Deal -
Swisslos offers lotteries, sport bets and instant tickets in the entire territory of German-speaking Switzerland, in Ticino and in the Principality of Liechtenstein. It structures its range of games in an attractive and responsible manner. Swisslos transfers it entire net profit to the mandating cantons and the Principality of Liechtenstein to support public causes.
Americas Cardroom offering mouth-watering value -
It's not every day that an industry-leading poker site offers its customers an opportunity to put the house's money directly into their own pockets, but that's exactly whatís happening at Americas Cardroom.
Coolbet Joins Mpn -
Coolbet, owned by the Estonian company StayCool OU, is a sportsbook driven brand with its own developed platform and sports software. In addition to sports, it offers casino and live casino gaming, and as of this week, poker.
RMG AND SIS EXTEND PARTNERSHIP -
RMG manages the rights of many of the leading British racecourses, while SIS holds the horseracing rights to all Irish racecourses, plus Chelmsford City Racecourse in the UK.
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