Featured Articles Archive - Page 110

Time to regulate DFS; FantasyUp goes belly up

If you had money on the daily fantasy sports (DFS) site FantasyUp, you can kiss it goodbye. According to a post from a player on the popular DFS forum RotoGrinders, the site announced via e-mail that it was shutting down operations immediately and will not refund players the balance in their accounts."FantasyUp no longer has the capital to fund even minimal operations," the company wrote in the e-mail...read more

Dan's DFS picks: Divisional round

I swear, if it weren't for two ridiculous plays in last week's Wild-Card playoff round, I would have won the Millionaire Maker on DraftKings.My lineup was good enough to cash for $35 – my fourth straight week with a cash – but I'm sure I would have hit at least a four-figure score if Kam Chancellor hadn't illegally contacted Jerick McKinnon before he dropped a surefire touchdown pass, and if DeSean Jackson didn't step out of bounds instead of over the goal line for a touchdown.Coulda, woulda, shoulda...read more

Cuban deal with Fantasy Labs 'recharges' DFS industry

Let's not sugarcoat it: It's been a dreadful few months for the daily fantasy sports industry.With a seemingly never-ending string of injunctions, insider trading controversies and cease-and-desist orders, DFS operators have been a virtual punching bag for lawmakers and mainstream media...read more

10 key moments in the evolution of PokerStars

Late last year, when Amaya announced it would be changing PokerStars.com's loyalty program, it became the target of wrath for thousands of its highest-volume players. The issue that drew the most ire was the company's backpedaling on promised rewards in 2016 for players who achieved Supernova Elite status in 2015 — a benefit worth tens of thousands of dollars to high-volume grinders.Five years ago, news like this would be stunning...read more

Daily fantasy sports regulation bill passes in California

Daily fantasy sports was in the headlines again on Wednesday — but this time, for a change, the news was positive for operators.California not only became the first state to pass a DFS regulation bill out of a committee hearing, but it did so in a landslide when the Internet Fantasy Sports Game Protection Act (AB 1437), which seeks to create a regulatory and licensing framework for DFS websites, was approved by the Assembly Governmental Organization Committee by a resounding 18-1 margin.Assemblymember Adam C...read more

Dan's DFS picks: Wild Card round

Playoffs! Playoffs?That's right, folks, you haven't lost me yet. The 2015 NFL regular season may be over, but I'm back for the postseason with a fresh slate and a brand new mantra."You play to win the game!"For our purposes, that means we're playing to win some cash, and both DraftKings and FanDuel have upped the ante with some exciting GPPs for the NFL playoffs.Let the Wild Card round fun begin.For a full explanation of the differences between DraftKings and FanDuel scoring, read this blog post by Daily Fantasy Sports 101.Quarterback: Kirk Cousins, Washington Redskins (DK: $5,900; FD: $8,000)Cousins had a breakout season in his first year as the Redskins' starting quarterback this year, throwing for 4,166 yards and 29 touchdowns...read more

New York Attorney General goes after FanDuel, DraftKings -- again

A turbulent year for the daily fantasy sports industry ended with another unexpected development last week when New York Attorney General Eric Schneiderman filed an amended lawsuit on New Year's Eve, asking FanDuel and DraftKings to repay all of the money it has generated from the state – an estimated $200 million – and pay a fine of up to $5,000 per case.The news hit three weeks after a New York Supreme Court judge granted Schneiderman's preliminary injunction against DFS operators, saying they are "illegal gambling operations" that "subject the public to fraudulent perceptions." Subsequently, FanDuel and DraftKings won a temporary reprieve from the order to stop doing business in the state and have remained operational."It's definitely surprising," said Jeff Ifrah, who specializes in iGaming law and is a founding partner of Ifrah Law in Washington, D.C...read more

Nevada gaming revenue jumps almost 8% in November

Nevada gaming revenue rebounded in November, with the state and Strip recording just their second monthly increases in the past six months.The Gaming Control Board said Wednesday Nevada casinos collected $944.3 million in gaming revenue in November, a 7.76% increase from a year ago.On the Strip, gaming revenue jumped 5.38% to $535.6 million.With one month left in 2015, gaming revenue statewide is up less than 1% with just three reporting markets — the north and south shore of Lake Tahoe and the Strip — showing year-over-year declines...read more

Dan's DFS picks for NFL Week 17

Hold onto your hats, folks. We've officially embarked on what is commonly known as a "winning streak."My Week 16 lineup produced a respectable 167.62 points on DraftKings last week, good for a better-than-min-cash in the site's Millionaire Maker...read more

Inside Gaming: Kentucky judge levels 'egregious' penalty against PokerStars

We know Kentucky has problems filling its budget gaps, but a state judge's Christmas Eve gift was a little extreme.In essence, Franklin Circuit Judge Thomas Wingate is forcing owners of an online gaming company to pay penalties of $870 million, which could help bail out the financially troubled commonwealth.Heck, you could buy all of Kentucky for that amount.Maybe the judge had few mint juleps at the court's holiday party.Wingate, ruling on a case that had been languishing since 2010 and relying on a centuries-old law that allows individuals with gambling losses to sue their opponents, said Amaya Inc...read more