Tag: fantasy sports
Fantasy Mergers, Internet Gambling and Two World Series!
This weeks gambling news includes stories from the World Series of Poker and the actual World Series! Plus, online gambling news from Massachusetts, fantasy sports merger rumors and more! We’re also taking a look at the Yahtzee Online Slot from Scientific Games, and we have two special offers this week: One from Slots Capital Casino, and the other from Desert Nights Casino!
Massachusetts May Consider Online Gambling & Fantasy Sports
On Monday, the Massachusetts Special Commission on Online Gaming, Fantasy Sports Gaming and Daily Fantasy Sports met for the first time. The existence of the panel is a result of a daily fantasy sports bill the legislature passed in August. The bill legalized daily fantasy sports in Massachusetts, using the regulations crafted by Attorney General Maura Healey in March as a temporary solution until permanent regulations can be adopted. It also included the creation of the special commission, which is tasked with recommending these permanent regulations to the legislature. In addition to DFS, the commission is entrusted with presenting suggestions…
Fantasy Sports Pay $12 Million for “Deceptive Ads” in New York
The country’s two leading online daily fantasy sports companies are paying out big — in fines to the state. FanDuel and DraftKings on Tuesday agreed to pay $6 million each to settle lawsuits from Attorney General Eric Schneiderman alleging they engaged in false and deceptive advertising practices. Schneiderman had charged that the companies misled casual and novice players about their chances of winning and the significant advantages professional players have while failing to disclose the dangers of gambling addiction. The companies also agreed to revamp their marketing, including better disclosure of expected winnings and performance. Because of recent financial struggles,…
Fantasy Sports Movie Rumors
With all of the drama that this past year has seen with Daily Fantasy Sports, TriStar Pictures thought it was a perfect idea to turn the chaotic industry into a motion picture. TriStar Pictures is a subsidiary of Sony and is based out of California. They optioned the rights to an upcoming book released on DFS. TriStar will have first dibs on “The Big Game”, Sports Illustrated writer Albert Chen’s book. The book is expected to hit e-readers and shelves sometime in 2017, and the motion picture would be drama filled that’s for sure! With the DraftKings employee utilizing insider…
New York Lawsuit to Stop Fantasy Sports
The constitutionality of a new law legalizing and regulating daily fantasy sports in New York is being challenged in court, according to the group Stop Predatory Gambling. According to SPG, a group of New York citizens filed a lawsuit with the New York State Supreme Court on Wednesday. While the state legislature and Gov. Andrew Cuomo enacted a law regarding DFS this summer, the lawsuit contends that a constitutional amendment was needed to do this. Other forms of gambling in the state are authorized by the state constitution, the lawsuit contends, so fantasy sports must be also. The law’s proponents…
Sheldon Adelson Now Opposes Fantasy Sports
This week, the first week of a new NFL season, is the biggest of the year for companies like DraftKings and FanDuel, the platforms that offer a “daily” alternative to traditional “season-long” fantasy sports. This week is when new users sign up in droves. But this season, there are more states where users can’t play DraftKings or FanDuel than there were one year ago. Amid widespread legal scrutiny after the two private tech startups flooded airwaves with $200 million worth of advertising, a few new states became unfriendly. (See where every state now stands on daily fantasy sports.) One of…