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.
Welcome to the Social Gaming and Sports Betting Report 2016. This report looks into the evolution of the social casino vertical and assesses how the sports betting sector has moved on from its first unsuccessful forays into social media.