A district court in California dealt a blow to FanDuel, DraftKings and other DFS operators last week when it held that the payment of entry fees to enter daily fantasy horse racing contests that are returned to winners as cash prizes constituted a wager.
Scott Secord, president and chief executive of Gaming Nation, said he is “pleased” with the company’s performance in the three months to September 30, saying the firm took the “necessary steps” to focus on its profitable businesses.
Atlantis Gaming Corporation (AGC), the company that is set to launch the first federally-approved online betting and daily fantasy sports (DFS) platform in the US, is planning to float on the stock market.
Scott Secord, chief executive of Gaming Nation, has declared himself “pleased” with the Canadian gaming platform supplier’s performance during the three months to March 31, citing growth within its 5050 Central business as a major highlight.
Sports and entertainment technology firm Gaming Nation has cited the impact of transaction acquisition costs as the main reasons behind a net loss of $23 million (€20.4 million) during the 12 months to December 31, 2015.
New York Attorney General Eric Schneiderman has altered his lawsuit against DraftKings and FanDuel in a move that could see the daily fantasy sports (DFS) industry hit with approximately $3 billion (€2.8 billion) in fines.