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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.
 
http://www.nytimes.com/2016/01/02/sports/revised-complaint-seeks-return-of-money-bet-on-fantasy-sports.html?smid=tw-share&_r=0

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Gambling News :

Netent Enters Mexico With Deal With Codere - The statement advises that the agreement enables the Swedish company to provide its portfolio offerings to Codere through that company’s existing operator license.

Winamax Poker Launches Dealers Choice Games - The Dealer's Choice in poker format is not a new concept, but Winamax enlivened the French online poker scene by introducing it last week, taking advantage of looser game restrictions by the French regulator ARJEL.

2016 Unibet Poker Open Bucharest main event Results - Romanian poker ace Traian Bostan banked Euro 100,000 this weekend after winning the Euro 1,100 buy-in Unibet Poker Open Bucharest main event hosted by the JW Marriott Bucharest Grand Hotel.

Limited Gambling To Be Allowed in Bermuda - After two years of discussion senators in the self-governing British overseas territory of Bermuda finally approved the Casino Gaming Amendment Act 2016 last week, ushering in a potentially more liberal and practical approach to gambling in the Caribbean island nation.

Crown Resorts Employees Should Confess - Youxi suggested that Crown should hire good lawyers to defend its employees, something Crown's existing Chinese legal representatives may regard as offensive.

Jack Lam on the Run - "Our records also showed Lam arrived in Manila last Nov. 25 aboard a China Airlines flight from Taipei,” she said, observing that there was no record of any return to the Philippines since his departure.

Golden Jungle Slot - IGT is about to launch online its popular land casino slot Golden Jungle, adding yet another jungle-and-temple themed game to the dozens already available to internet and mobile punters.

Philippines president Orders Arrest of Jack Lam casino magnate - Rodrigo Duterte, the shoot-from-the-hip Philippines president, has intervened in the fast-moving bribery scandal involving his Justice Secretary Vitaliano Aguirre, Pagcor chief Andrea Domingo and Macau-based casino magnate Jack Lam

South Africa Going After Illegal Gambling - In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.

The Winning Express arbitrage sports betting scheme - A UK-based GBP 27 million arbitrage sports betting scheme, The Winning Express, has collapsed, leaving a thousand investors with concerns that their money is lost, according to a BBC report over the weekend.

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