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California Online Poker Bill Offers Carrot to Horse Tracks

The latest attempt at bringing regulated online poker to California involves a $60 million incentive for the Golden State horse racing industry. That $60 million offer is part of a group of amendments California Assemblyman Adam Gray added to his version of an online poker bill that's been kicking around the state house for quite…

Citibank Stops Processing NY Daily Fantasy Sports Transactions

The week leading up to Super Bowl 50 should have been the US-facing daily fantasy sports industry's big moment. Instead, the week was punctuated with even more bad news for the beleaguered vertical's two biggest players. On Friday afternoon Citibank announced that it would no longer be processing daily fantasy sports transactions that come out…

German Online Gambling Operators Catch Major Break

Germany's incredibly complicated licensing scheme for online gambling operators is complicated to the point of being completely unworkable. That's long been the belief in the igaming industry and that belief has been upheld by a top European Union court. Earlier this week the Court of European Union Justice (CEUJ) ruled that German gaming regulators could…

Payment Processor Says 'Adios' to Daily Fantasy Sports Clients

The US-facing daily fantasy sports industry is about to learn a lesson that other US-facing operators learned long ago; doing business without a payment processor is next to impossible. Late last week, Vantiv Entertainment Solutions, sent word to Draft Kings and Fan Duel that, as if February 29, it would no longer be handling payments…