This week Alabama became the 12th US State to bar its residents from playing on daily fantasy sports sites. The move was announced by Alabama State Attorney General, Luther Strange in a news conference on Tuesday. Strange also announced that his office had sent out cease and desist notices to daily fantasy sports operators…
Paddy Power Betfair is taking an axe to its payroll with a massive round of layoffs. The newly merged companies are trimming 650 employees from their roster as part of an effort to cut company wide costs. The cuts will impact 300 employees in Ireland, where Paddy Power was originally based and another 350 in…
A group of UK bookmakers are withholding payouts from a group of punters who are accused bonus abuse during the Cheltenham Festival. The punters in question, not surprisingly, say they merely took advantage of some great value via standard bonus offers. They've taken their case to social media in hopes of getting their payday. They've…
DoubleDown Casino won a big legal victory recently when an Illinois judge tossed out a class action lawsuit filed against the company by a disgruntled customer. The move constitutes a big win for the social gaming industry. The lawsuit in question was filed by an Illinois resident named Margo Phillips. Phillips, who lost more than…
Amaya Gaming CEO David Baazov is taking a voluntary, and indefinite, leave of absence from his position in the wake of his recent legal troubles, according to a press release from the company. Baazov, 35, is facing a number of insider trading charges related to Amaya Gaming's multi-billion dollar acquisition of the Rational Group, owners…
Colorado lawmakers are examining the idea of opening up an, "Office of Daily Fantasy Sports," to regulate and license daily fantasy sports (DFS) sites. It's an idea that's supported by the the fantasy sports industry and, if successful, could catch on nationwide. The bill was introduced last week and has received bipartisan support at the…
Details of the charges laid against Amaya Gaming CEO David Baazov by Quebec financial regulators are beginning to emerge and they point to a very tangled web of affairs at the online gambling giant. According to a recently published report on Le Journal de Montreal, the Autorité des marchés financiers (AMF), believe that David Baazov…
Pinnacle Sports, one of the oldest online sportsbooks in the business, is now the proud owner of the Pinnacle.com domain. It's a seemingly minor move that could, in fact, have a huge impact on the offshore sports betting business. The Pinnacle.com purchase is also a reminder that, even in the age of PPC, social media,…
Amaya Gaming CEO David Baazov has been hit with 23 charges of insider trading relating to his company's blockbuster $4.9 billion acquisition of the Rationale Group. The charges were laid by the government of Quebec and, if found guilty, Baazov could be facing stiff fines and a even a stint in prison. Baazov's troubles stem…
New Jersey could descend into a cauldron of drugs, prostitution and chaos if voters approve an expansion of New Jersey casino gambling outside of Atlantic City. That's what Atlantic City Mayor Don Guardian thinks, anyways. Guardian's dire warning came as the State of New Jersey refused to loan Atlantic City the money it needs to…
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