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Fanduel in Partnership talks with Western Regional Off-Track Betting
Friday June 17,2016 : FANDUEL PREPARING FOR NEW YORK LEGALITY?
Daily fantasy sports operator reportedly in partnership talks with racino owner Western Regional Off-Track Betting.
With politicians racing the clock in trying to get daily fantasy sports legalised in New York as the week ended the news broke that DFS market leader FanDuel is in partnership talks with land gambling company Western Regional Off-Track Betting as it prepares for a positive New York outcome.
Reporting on the talks, the Buffalo News said that a memorandum of understanding (MOU) has already been signed by the two companies, although the agreement cannot yet be finalised until the New York legality question has been resolved...hopefully by lawmakers this week, which would render moot the state AGs opinion that DFS is illegal in the state.
The newspaper examined possibilities for the partnership, suggesting that it could be a promotional agreement or a white label arrangement.
Western Regional operates the Batavia Downs racino and has 32 Off Track Betting Parlors, whilst FanDuel is contemplating an extension of its DFS offering into the live event space.
Ironically, Western Regional is a member of the New York Gaming Association, which has strongly fought against current DFS bills in lobbying for a situation in which its members would have access to DFS as part of their New York licensing.
The Buffalo News notes that the FanDuel - Western Regional deal follows the failure of a collaborative agreement between Fanduel and Sportech, which manages online wagering for Western Regional, and additionally is a white label provider to DraftDay, another DFS operator, which recently ended an agreement with Western Regional.
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Macau ATM Transaction Limit Lowered -
The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .
Vegas Mobile Casino Gets Live Dealer Games -
Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.
Cosmic Crystals SLot Launches -
1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.
Australian Open To Dunp Gambling Ads -
Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.
BaFin CrackDown on Spread Betting -
The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.
How is the CDC Group Spending its Money -
Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.
Voodoo Slot Released -
The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).
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