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FANDUEL FORMS ADVISORY BOARD

Monday November 23,2015 : FANDUEL FORMS ADVISORY BOARD

High powered group to advise on governance and regulatory issues.

Beleaguered daily fantasy sport company FanDuel has announced the formation of a new advisory board to develop policy recommendations.

The board, chaired by Michael Garcia former United States Attorney for the Southern District of New York, will provide independent advice on evolving governance and regulatory issues, the company said.

Other members include:

-    Tom Ridge, former Governor of Pennsylvania and Secretary of the United States Department of Homeland Security, Chairman of Ridge Global;
-    Terdema Ussery, former president and CEO of the Dallas Mavericks; and
-    Tim Brosnan, former Major League Baseball Executive Vice President of Business.

"The advisory board is an important step to best position FanDuel for continued growth, demonstrate our commitment to providing users a great experience and guide our work with regulators and lawmakers moving forward,” Nigel Eccles, chief executive officer of FanDuel said.

In parallel, former federal judge and United States Attorney General Michael Mukasey will lead an internal review of FanDuel’s policies and protocols to ensure the integrity of its competitions along with developing a set of recommendations where controls can be strengthened.

The move comes in the wake of daily fantasy sports’ (DFS) companies FanDuel and DraftKings’ being issued a cease-and-desist order from New York Attorney General Eric Schneiderman who believes DFS is illegal gambling, an opinion that will be tested in court , and a slew of class-action suits filed against both firms.

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Gambling News :

Twin River Management Launches Simulated Gaming product - GAN has launched its Simulated Gaming product at the Twin River Management Group's land casino in Rhode Island, USA, revealing the identity of its ninth US customer.

VLeague and Mojo Games partner up - #Alisports B2B multi-gaming platform and social games provider Mojo Games has partnered with VLeague Internet Technology to provide online social games and poker tournaments to Asian sports giant Alibaba Sports Group (AliSports).

SBTech In SportsBook Deal With Winmasters - #SBTech #Winmasters has already achieved significant market share in the Romanian regulated market and is now targeting a number of other EU countries with national regulatory regimes.

Life of Riches Slot Launching - The company released a preview of its "Life of Riches" slot Friday, a 5 reel, 30 selectable pay-lines game with a theme featuring luxury cars, expensive yachts, private jets and a liberal sprinkling of glitterati.

Dutch to impose harsher fines On Illegal Gambling Operators - The Dutch gambling regulator Kansspelautoriteit has announced that it is to take a tougher line with unlicensed online operators who access Dutch punters, intensifying enforcement and imposing substantially heavier fines on offenders.

Makati City is becoming an unfriendly internet gaming environment - The Makati City government in the Philippines has just shuttered its 117th online gambling firm since the middle of the year for operating without a current permit, perpetuating the sense that the region is an increasingly hostile online gambling environment.

Land Casino Bill Passes in Japan - A bi-partisan side meeting of leading lawmakers led to Komeito Secretary General Yoshihisa Inoue agreeing that his party would not protest the vote in the House of Representatives Cabinet committee Friday afternoon.

Inaugural meeting of the Massachusetts Gaming Commission - Thursday's inaugural meeting of the Massachusetts Gaming Commission committee tasked with reviewing online gambling developments and possibilities met Thursday and briefed local media on their mandate.

easyPLAY Launches Online Slot Tournaments - #easyPLAY Las Vegas land casino giant MGM Resorts is more effectively leveraging its on-premises mobile gaming services by expanding the availability of its easyPLAY online casino tournaments throughout the state of Nevada.

Jetsetter slot Pays 130 Bitcoin WIn - #bitcoin Prague-based online slot developer Endorphina reports that its Jetsetter slot on the Bitcasino.io site has just delivered a major hit for an anonymous player.

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