Online Casino News From Around the Globe

DraftKings Reportedly Looking To Raise An Additional $200m
Oct30

DraftKings Reportedly Looking To Raise An Additional $200m

For those who thought that the problems in the last few months in the daily fantasy sports sector marked the beginning of the end, CEO of DraftKings thinks otherwise. In fact instead of taking a step backwards and keeping a low profile there are reports that DraftKings are seeking to raise an additional $200m. The Boston Business Journal was the first to report on the move which follows their recent $300 million fund raising three months ago. While the reports are unconfirmed both DraftKings and FanDuel have been rocked by the Ethan Haskel scandal that has threatened to bring them down. The optimists  believe that despite the growing problems the overall thinking is that DraftKings will prevail and continue to increase in popularity. In fact many believe that the present crisis could result in the industry implementing checks and balances that until now were not in place. DraftKings CEO Jason Roberts says that the scandal involving the DFS industry is been fuelled by a “media frenzy.” Robins was talking at the Sports Media and Technology Conference on Thursday. Robbins has been under increasing pressure but at least in public seems to be in control of the problem, Robins went on to say at the conference,” My initial reaction was I’m stunned this is a big story, especially knowing that the underlying cause of this story was a complete fabrication. The feeding frenzy isn’t over but it’s died down a bit . . . people are starting to have a more measured discussion.” FanDuel CEO Nigel Eccles has also acknowledged to customers that “real questions have emerged” regarding daily fantasy sports and is adamant that FanDuel will support any “sensible regulation” aimed at protecting the integrity of the...

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William Hill’s Controversial Click To Call App Down Under Given Reprieve
Oct29

William Hill’s Controversial Click To Call App Down Under Given Reprieve

UK bookmaker William Hill has reportedly been cleared to continue with their controversial Click to Call Smartphone app in Australia. William Hill created a voice recognition technology app that was aimed at circumventing the prohibition of online –in-play sports betting down under. William Hill Australia has reportedly received formal confirmation that the Australian Federal Police (AFP) were not going to pursue the investigation as to the legality of their app. The Click to Call App that was launched in Spring enables players to confirm an in-play wager with a voice command. William Hill Australia were relying on this “workaround” in ensure they were not in violation of the Interactive Gambling Act of 2001’s restriction of in-play betting. The app proved to be a major success with turnovers of in-play betting tripling. Of course William Hill Rivals Ladbrokes and Bet365 came up with similar apps. The controversy over the app resulted in Ladbrokes suspending the app. William Hill Australia CEO, Tom Waterhouse was delighted with the news that the AFP were not pursuing the matter and called the news “a great outcome for Australian punters who will no longer be forced to bet in-play via illegal offshore...

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DFS Players Create Fantasy Sport Control Agency To Monitor Industry
Oct28

DFS Players Create Fantasy Sport Control Agency To Monitor Industry

The growing controversy surrounding daily fantasy sports has resulted in the main industry players opting to impose self-regulations before the government forces them to do so. According to reports in the Wall Street Journal the DFS industry is forming the Fantasy Sport Control Agency (FSCA). The Fantasy Sports Trade Association (FSTA) sent a letter to their members detailing the move. The FSCA will be headed by former acting U.S. Secretary of Labor, Seth Harris. The idea behind the new governing body will be to create incentives for compliance and impose penalties for non-compliance. The FSCA will be a private organization and will not fall under the auspices of the government. CEO of FanDuel Nigel Eccles had this t say on the creating of the FSCA,” We’re pleased that the FSTA is leading this effort for self-regulation and forming an independent agency for the entire fantasy industry. We look forward to working with the FSTA and all of their member organizations to ensure that our collective products adhere to a baseline of best practices.” Rival CEO of DraftKings Jason Roberts gave his side,” We are committed to working with the Fantasy Sports Control Agency, the FSTA and all relevant government authorities to ensure that our industry operates in a manner that is completely transparent and fair for all consumers. At DraftKings, we recognize our responsibility to the millions of fans who are captivated by the excitement and interactive nature of daily fantasy sports, and ensuring a level and fair playing field for all players is a fundamental tenet of our company. We believe the Fantasy Sports Control Agency will help our industry establish best practices that further this important...

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DFS Sites Record Second Consecutive Drop In Entry Fees
Oct27

DFS Sites Record Second Consecutive Drop In Entry Fees

It came as no surprise that daily fantasy sports sites recorded their second consecutive decline in entry fees. As we have reported extensively the last few months have been a publicity and marketing nightmare which were sparked off by the insider trading leak controversy. Since then it has been blow after blow for the DFS sector with both legislators and law enforcement agencies declaring they will probe the industry to see if there is any practices that are illegal. Data released by SuperLobby.com show that total guaranteed prize pools for Week 7 in the NFL were down for DraftKings from $22.9m in week 6 to $22.7m in week 7. FanDuel were hit harder and were down to $19.1m in week 7 from $19.9 m in week 6. The good news was that the number of entries increased with DraftKings reaching 4.02m from the 3.76m while FanDuel recorder an increase of 3.4 m from the Week 6 number of 3.3m. Despite the volatile period that DraftKings and FanDuel are experiencing both players have chosen to maintain their current guarantees for Week 8. The big question everyone is asking is just how much more bad publicity and scandals can the DFS sector take. Both DraftKings and FanDuel have restricted their staff from participating in any DFS competitions which has contributed to the loss in revenues as they were among the high rollers in the DFS...

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Intralot Enters Nigerian Lottery Market
Oct26

Intralot Enters Nigerian Lottery Market

Leading online global lottery provider Intralot has just signed a 10 year deal with the International Lottery and Gaming Limited (ILGL) in Nigeria. Being Africa’s most populous country with over 175 million people the deal would firmly cement Intralot’s footprint in Africa which is considered one of the growing markets in the lottery world. In terms of the deal Intralot will supply their technology to lottery operator ILGL and will include content delivered via a Point of Sales network. Operations for the new lottery are expected to being at the end of 2015. Intralot Group Chief Operating Officer Nikos Nikolakopoulos was delighted at the new project which he believe falls into Intralot’s overall strategy of penetrating Africa. He went on to say,” Our new project in the Nigerian market is a big step towards Intralot’s strategy to establish a solid presence in the developing African market. We are pleased to offer to ILGL, our valuable, new partner in Nigeria our innovative lottery technology and services as well as our extensive operational know-how. Intralot’s dedicated team in the region with the support of our global operations team will work together with International Lottery and Gaming Limited, so as to implement our common vision for a successful lottery operation. We are confident that our partners’ deep knowledge of the local market, along with our global experience, will lead to the delivery of secure and entertaining games offering to the Nigerian players exciting gaming experiences.” Vice Chairman of ILGL, Ronaldo Minaise stated that they intend to offer the most “credible and trustworthy” experience to Nigerian lottery players with their new...

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