Tag Archives: new york

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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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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DFS players turning to the courts and against operators

Further bad news appears to have reached FanDuel and DraftKings operations, as US news sources report that aggrieved customers are planning to sue the operators for consumer negligence, following last week’s allegation of data breaches by employees. New York Daily News reported that Kentucky Daily Fantasy Sports (DFS) player Adam Johnson was the first plantiff against the operators, accusing them …

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DraftKings partners with ‘The Garden’

US daily fantasy sports operator Draftkings, continues its high level marketing expansion with the conformation of a multi-year marketing agreement with New York sports and entertainment venue Madison Square Garden Co. DraftKings will displace rival operator FanDuel as official fantasy sports partner of Madison Square Garden (MSG). The partnership will see the DaftKings brand promoted throughout the MSG venue, the …

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GTECH & IGT begin trade as International Game Technology PLC

GTECH SpA has today completed its $6.4 billion acquisition of Nevada based gambling technology provider International Game Technology (IGT) , finalising its nine month acquisition process. The acquisition hurdles will see GTECH and IGT operate under the corporation name International Game Technology. The merged company will begin trading its new share on the New York Stock Exchange later today. Last …

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Investors sue 500.com over misleading IPO representation

New York listed Chinese sports lottery operator 500.com has been hit with multiple US investor class action federal suites over misrepresentation of its business practices and operations in the build up to its December 2013 IPO. A group of US law firms representing 500.com investors have filed a federal securities fraud class action against the operator. They claim that the …

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