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NY Allows DraftKings and FanDuel to continue operating
Tuesday January 12,2016 : ROUND ONE TO DAILY FANTASY SPORTS FIRMS IN NEW YORK DISPUTE (Update)
State Appellate panel allows DraftKings and FanDuel to continue operating pending judicial outcome.
There was good news for daily fantasy sports companies FanDuel and DraftKings Monday, when a panel of the New York Appellate Court set aside a temporary injunction against them imposed by a lower court, allowing them to continue operating until
the issue is finally decided in court.
Our readers will recall that the DFS companies' roubles in New York began late last year when state Attorney General Eric Schneiderman opined that their operations constituted gambling and issued a cease and desist order. The companies ignored the order and the AG applied for, and achieved, a temporary injunction against the firms from a state Superior Court judge.
The DFS companies responded by asking for an urgent and temporary stay on the injunction, which was granted pending an Appellate panel hearing, which has now allowed the companies to continue operating pending a final resolution of the legality issue.
It may be some months before a final court ruling on the issue is handed down, and in the meantime legislative efforts regulating DFS could overtake the judicial process.
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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.
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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