Online Casino News From Around the Globe

Yahoo Follows DraftKings And FanDuel By Exiting New York DFS Market
Mar22

Yahoo Follows DraftKings And FanDuel By Exiting New York DFS Market

Following yesterday’s announcement that DraftKings and FanDuel will stop operating real money contests in New York Until at least September, Yahoo have followed suit and have exited the New York market. New York Attorney General Eric Schneiderman has certainly set a precedent in challenging the legality of DFS. He claims that daily fantasy sort is nothing short of real money gambling and is illegal under state laws. Both DraftKings and FanDuel vigorously defend their industry and claim the DFS is largely based on skill and not luck like gambling. Yahoo with their DFS product has largely been left alone by Schneiderman which has had his sights on the two powerhouses DraftKings and FanDuel who many believe are a victim of their own success. The last few years have seen hundreds of millions of dollars spent in marketing alone in just about every media channel. This certainly is a major contributing factor as to why they have caught the eye of legislators who are baffled how DFS companies can give away million in cash prizes without it being called gambling. In a statement Yahoo said they believe their contests are lawful but are suspending paid contests in the Big Apple “pending further review”. They were quick to calm fears and said their decision in New York had no bearing on other...

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FanDuel and DraftKings Agree To Halt Real Money Contests In Big Apple
Mar21

FanDuel and DraftKings Agree To Halt Real Money Contests In Big Apple

After months of ultimatums and threats by New York Attorney General Eric Schneiderman both DraftKings and FanDuel have agreed to halt all real money operations in New York. AG Schneiderman announced that both DFS operators have agreed to stop offering paid contests or take any funds from New York residents until September when the state appeals the cease and desist orders. It has been reported that DraftKings and FanDuel agreed to the deal in return for Schneiderman not attempting to force them to pay back money collected in the state from DFS players. Schneiderman did however reiterate that the agreement reached today did not mean that the will to be pursuing other claims previously raised including consumer fraud and false advertising. In a statement Schneiderman triumphantly stated,” I’m pleased to announce that both FanDuel and DraftKings will stop taking bets in New York State. Regardless, our key claims against the companies for false advertising and consumer fraud are not affected by the agreement and will continue.” In response to the agreement reached FanDuel said it was,” disheartening for us to restrict access to paid contests in our home state.” Rivals DraftKings put a positive spin on the deal claiming it was in the interest of the DFS sector to work with authorities. They were quoted as saying they would,” continue to work with state lawmakers to enact fantasy sports legislation so that New Yorkers can play the fantasy games they...

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Pariplay Ltd. Integrates Entire Portfolio Of Games On BetConstruct Platform
Mar18

Pariplay Ltd. Integrates Entire Portfolio Of Games On BetConstruct Platform

Isle of Man Based gaming technology company Pariplay Ltd. have been covered by our team in the past. Besides being a games developer they also have their own SMTM platform which is capable of supporting any iLottery or iGaming operation. What makes them an iGaming company to watch is the fact that they offer their own in house designed and developed games as well as unique branded content that includes  Atari and C3 Entertainment based online slots and instant win games. In another interesting move Pariplay ltd. have entered into a partnership with BetConstruct that will further increase the reach of their content to other operators. Being a tier 1 hub BetConstruct is an excellent distribution portal for Pariplay to expand their reach in a market dominated by the usual suspects like Microgaming and NetEnt. This latest agreement follows the launch of their Atari inspired Black Widow Slot that has been getting a lot of positive reviews due to its level of graphics that compete with the largest game vendors out there. In terms of the agreement Pariplay will integrate its entire portfolio of games including their branded content onto BetConstruct’s Casino Suite Software Solution. CEO of BetConstruct, Vahe Baloulian explained their thinking behind the partnership,” The BetConstruct Casino portfolio keeps growing. Having Pariplay as our content partner and adding their unique branded and own studio games with a distinctive feel and highly entertaining play patterns is in line with keeping our promise to provide the widest variety of best games to our operating partners.” Pariplay’s General Manager Adrian Bailey emphasized the strategic importance of expanding their portfolio of games in a major hub like BetConstruct,” We’re excited to announce a partnership that marks an important step in our strategy to distribute our gaming content to top-tier hubs. Our integration with the BetConstruct Casino Suite Software will further expand our cutting-edge games and the wider Pariplay brand into new and existing...

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NCAA Wants To Ban Gambling On Fantasy Sites For March Madness
Mar17

NCAA Wants To Ban Gambling On Fantasy Sites For March Madness

With March Madness at fever pitch, millions of Americans are set to partake in office pools in what is one of the most popular basketball tournament events of the season. While privately run office pools cannot be controlled by the NCAA, companies like DraftKings and FanDuel have become unwanted players by the NCAA. Both DraftKings and FanDuel are offering $900,000 in prize money for those who succeed in picking the tournament winners. NCAA chief legal officer Donald Remy told the Boston Globe that,” We have made clear at every point in this national debate that daily fantasy sports competition should not be allowed to be conducted using college, high school, and youth sports programs.“ The NCAA have had DFS companies in their sights since the fall when they requested that both DraftKings and FanDuel stop offering real money cash prizes on games involving the betting of the outcome of college sports as they could potentially be violating federals laws on gambling. Needless to says both companies rejected the request and state emphatically that there was no legal grounds for this. As it stands the battle has now move onto the lawmakers in Indiana where the NCAA is based. There the state legislature approved a bill that does not permit cash prizes for sports or college games. The NCAA will also block any advertising from DFS companies. Athletes as well as officials participating in the games are also forbidden to partake in paid fantasy contests. It is estimated that Americans will bet over $9 billion on office pools, illegal bookies, websites etc. during March Madness. Despite the tough talk by the NCAA both DraftKings and FanDuel do not have too much to worry about according to gaming lawyer Daniel Wallach who said,” The NCAA has no jurisdiction over FanDuel or DraftKings, and is essentially powerless to force them to comply with NCAA...

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UK Chancellor Osborne Imposes GBD On All Free Or Discounted Online Bets
Mar16

UK Chancellor Osborne Imposes GBD On All Free Or Discounted Online Bets

UK Chancellor George Osborne delivered his latest budget today and there is mixed news for gambling operators. The bad news is that Osborne announced a 15% general betting duty (GBD) on all free or discounted online bets which will come into effect as of August 01, 2017. This GBD tax was postponed when the 15% POCT tax was implemented but now once again has popped up. Currently online gaming operators enjoy better tax treatment when offering free or discounted gambling to punters than those of land based operators. In terms of the proposed plans an additional £45million will be contributed by the gambling industry in the 2017-18 fiscal year with that increasing to £110 million by the 2020-1 fiscal year. Reaction to the new tax was expected with Remote Gambling Association chief executive Clive Hawkswood saying it was another blow to gamin operators who,” On top of the significant tax burden imposed by the POC regime, we are not surprisingly sensitive about further tax costs being imposed on the industry. However, we will be assessing what the real impact of this will be and have already discussed next steps with HM Treasury.” While the GBD tax proposal is a blow to gaming companies the much talked about crack down on fixed odds betting terminals has been put off once again. There were those calling for betting restrictions on the FOBTs to be lowered from a maximum of £100 to £2.The FOBTs make up a significant amount of UK bookies revenues and the fact that they were not addressed by Chancellor Osborne is a welcome surprise and...

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