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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »IGT notes ‘resilient profitability’ as company posts 21% Q3 earnings increase
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 …
Read More »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 …
Read More »FanDuel CEO Nigel Eccles calls for regulation of DFS
Writing an open letter to the media and DFS consumers, Nigel Eccles CEO and Co-founder of FanDuel has called for the US federal government to begin to regulate the industry. Eccles who leads FanDuel operations from New York and Edinburgh, stated that government intervention was the only way to ensure consumer trust and protection in the DFS market. In his …
Read More »Sky Racing World enters content partnership with New York Racing Association
Tabcorp Kentucky based racing content subsidiary, Sky Racing World,has announced that it had entered a strategic partnership to supply the New York Racing Association (NYRA), with betting consumer provisions. Under the agreement, Sky Racing World will provide NYRA’s advance deposit wagering (ADW) offering NYRA Rewards with live video streaming on all races taking place in Australia, New Zealand and South …
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