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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 :

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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