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Business Down at Fantasy SPorts Sites
Monday November 9,2015 : D.F.S. SITES SLOW AS NATIONAL REGULATORY DEBATE CONTINUES
One exec attributes slowdown in entries to seasonal effect.
For the third consecutive week business at major daily fantasy sports sites has slowed as the US debate on regulating the vertical continues.
FanDuel, whose CEO Nigel Eccles claims the slowdown is simply a seasonal blip, reported that his business has declined by 13 percent since the DFS scandal erupted on October 11 (see previous InfoPowa reports). The popular website accepted $18.3 million across its NFL games last week, down more than a million dollars on the preceding week, and another $1.5 million down on the week before that.
The story was similar at DraftKings and Yahoo, where the former site took in $21.5 million, a decline of $1.2 million on the previous week, and Yahoo reported a weekly decline of $160,000 to $1 million, with entries reaching a record low at 147,000.
In related news, New York Assemblyman Felix Ortiz has carried through on his pledge to address the DFS problem, submitting a draft proposal to the state legislature's Committee on Racing and Wagering which suggests a straightforward fix for the regulatory issue - add fantasy sports to the list of activities which the state considers to be gambling and place the vertical under the state gaming commission's oversight.
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Ninja Power Slot Launched By Slotland -
I think our players will be inspired by the ninja warrior characters the game designers have created,” said Slotland manager Michael Hilary. “These warriors fought hard, gave it all they had. Quitting wasn’t an option.
WILL JACK LAM RETURN TO THE PHILIPPINES TO TURN HIMSELF IN? -
The Philippines online gambling and bribery scandal keeps throwing up new developments almost daily, with the latest a report that Macau-based online gambling tycoon - the man at the centre of the furore - has put out tentative "surrender" feelers.
Stephen Conroy appointed head of new responsible gambling grou -
Conroy retired from politics in September after a 20 year career, and has now been appointed head of Responsible Wagering Australia, a new responsible gambling industry body backed by online gambling operators CrownBet, Sportsbet, Betfair, Unibet and Bet365.
SquwaKa To Enter sports betting sector -
Football digital content platform SquwaKa will be entering the sports betting sector with the launch of a new FSB Technology built and powered sports betting service to sit alongside its fantasy sports offer.
RaceBets Acquired by Betsson -
Niche operator #RaceBets complements #Betsson offering with a proprietary horse racing product and an experienced horse betting trading team.
Playtech buys back 780,000 shares -
Playtech's advisory earlier this week that it is to embark on a Euro 50 million share re-purchase initiative has been quickly followed by a notification from the company that it has bought an initial tranche of 780,000 shares at prices ranging between 797.75 and 816.63.
Cash In Roulette -
The relatively new online gambling games developer Be The House, has announced that it is to launch its unique Cash In Roulette product with William Hill Online.
EveryMatrix in game deal with Endorphina -
#EveryMatrix Prague-based online slot developer Endorphina has found a new outlet for its games, signing a content supply agreement with white label provider EveryMatrix.
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