Tag Archives: new york

Chairman rejects suggestion of fixing at Burnie International

Despite recent allegations around the Australian Open, organisers of the Burnie International are confident their event has not been targeted by match fixers, even though self-confessed ‘tanker’ Nick Lindahl has played there in the past. As reported in The Mercury, two other players allegedly among the 15 former and current professionals said to have played in matches surrounded by unusual …

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PETA asks New York Gaming Commission to change equine doping regulations

The New York State Gaming Commission is reported to be considering new equine drug testing regulations following its fines against race trainer Steve Asmussen. US animal rights organisation PETA had undertaken a probe investigating Asmussen’s training methods. The investigation points the finger at the trainer and his assistant, Scott Blasi, with 14 allegations of equine doping during the 2013 Saratoga …

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New York Supreme Court to deliver DFS verdict ‘soon’

Market leading DFS operators DraftKings and FanDuel have been allowed to temporarily service consumers in New York as state legislators debate the legal futures of the their business services. On Wednesday New York Supreme Court Justice Manuel Mendez heard oral arguments defending and opposing DFS services in the state of New York. Mendez would allow the operators to continue New …

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DraftKings officially challenges New York AG’s injunction

DraftKings today has officially filed its brief with the Supreme Court of New York State, opposing Attorney General Eric T Schneiderman ’Cease & Desist” injunction preventing state-wide players from participating in fantasy sports games. In brief the DFS operator argues that New York laws are the “same today as it has been for more than seven years” of which DFS …

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New York AG adds Yahoo to DFS industry inquiry

Digital media owner Yahoo Inc is reported to have become implicated in the ongoing DFS industry investigation by New York Attorney General Eric T Schneiderman. US news sources report that Yahoo’s DFS operations have been served a subpoena by the AG’s office to terminate services in New York State. The media owner, which had re-released its fantasy sports product in …

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Concerns arise as 500.com reports consecutive quarter with no revenues & earnings

Investor concerns continue to mount for troubled New York listed Chinese lottery operator 500.com, following the announcement of a further quarter with no revenues and earnings for Q3 2015. The Shenzhen based lottery operator posted its second earnings results, since the temporary sales suspension of provincial lottery services by China’s Ministry of Finance, which was imposed in February. Due to …

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FanDuel & DraftKings to challenge New York AG cease & desist orders

US DFS market leaders FanDuel and DraftKings are reported to be reviewing their legal options with regards to this week’s issuing of a ‘cease & desist’ orders by New York Attorney General Eric T Schneiderman. Following its one month investigation into DFS services provided by FanDuel and DraftKings, the New York AG has concluded that DFS contests and competitions can …

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IGT notes ‘resilient profitability’ as company posts 21% Q3 earnings increase

IGT sheds Italian weight offloading Lottomatica B2C units to Gamenet SPA

IGT Plc governance stated that it was pleased with corporate performance, as it reported $414 million (£270 million) adjusted EBITDA earnings for its Q3 2015 results (period ending 30 September). The earnings results represent a 21% increase on Q3 2014’s $342 million EBITDA. IGT’s performance was driven by a 30% increase in revenues to $1,25 billion for the period (Q3 …

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FanDuel hits back after being told to ‘cease & desist’ in New York State

DraftKings and FanDuel have been dealt another regulatory blow in the US after New York Attorney General Eric Schneiderman sent the two Daily Fantasy Sports (DFS) operators cease-and-desist letters demanding that they stop ‘illegally accepting wagers in New York State’. Schneiderman’s actions come after his office conducted a one-month investigation into DFS which concluded that the daily contests are essentially …

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