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New York Shuts Down Fanduel and Draftkings

Wednesday November 11,2015 :  NEW YORK A.G. SHUTS DOWN FANDUEL AND DRAFTKINGS

Its illegal gambling, says Schneiderman

In a major blow to the daily fantasy sports (DFS) industry, New York State Attorney General, Eric T. Schneiderman, has issued a cease-and-desist order against DFS giants FanDuel and DraftKings following a month long inquiry into the two companies.

DraftKings and FanDuel have been ordered to stop taking bets from New York State residents with immediate effect.

According to the New York Times, legal experts expect the action to reverberate in other States where lawmakers are already focusing on the industry.

“It is clear that DraftKings and FanDuel are the leaders of a massive, multibillion-dollar scheme intended to evade the law and fleece sports fans across the country,” Schneiderman said during a press conference Tuesday.  “Today we have sent a clear message: not in New York, and not on my watch.”

Schneiderman went on to say that his office’s investigation had concluded that fantasy sports was a chance based game rather than skill and that conclusion formed the basis of his illegal gambling claim.

In a strongly worded rebuttal FanDuel said:

“Response to New York Attorney General’s Letter
The New York Attorney General has sent a letter asking for daily fantasy operators, like FanDuel, to cease and desist operations in the State of New York.

“Fantasy sports is a game of skill and legal under New York State law. This is a politician telling hundreds of thousands of New Yorkers they are not allowed to play a game they love and share with friends, family, coworkers and players across the country.

“The game has been played — legally — in New York for years and years, but after the Attorney General realized he could now get himself some press coverage, he decided a game that has been around for a long, long time is suddenly now not legal. We have operated openly and lawfully in New York for several years. The only thing that changed today is the Attorney General’s mind.”

DraftKings’ issued a statement to its players saying:

“Attorney General Eric Schneiderman is considering preventing New Yorkers from playing daily fantasy sports.

“Hey, New York, protect your right to keep playing daily fantasy sports. Contact the attorney general today!”

And in response to the New York Times, spokeswoman for DraftKings, Sabrina Macias, said:  “We’re disappointed he [Schneiderman] hasn’t taken the time to meet with us or ask any questions about our business model before his opinion,”  an account attorney general spokesperson Eric Soufer disputes saying there were multiple meetings between the A.G.’s office and DraftKings.

DraftKings concluded by saying: “We strongly disagree with the reasoning in his [Schneiderman’s] opinion and will examine and vigorously pursue all legal options available.”

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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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