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Industry
April 23, 2024
Weak Q1 Betting Results Hindered iGaming’s Contributions, JMP Says
JMP Securities analysts say that iGaming in the United States remains on the rise. The online casino industry’s successes, however, were offset by the suboptimal performance of the US sportsbooks, the financial services company added. As reported by Next.io, JMP Securities’ experts recorded strong trends in betting handle during the first quarter of the year. […]
Business
April 23, 2024
DraftKings Designates Lori Kalani as First-Ever Chief Responsible Gaming Officer
DraftKings has unveiled the appointment of Lori Kalani as its first-ever chief responsible gaming officer. The new role aligns with DraftKings’s core priorities and the operator’s desire to cement responsible gambling as a core tenet of its business. In the new position, Kalani will respond directly to CEO Jason Robins and will leverage her expertise […]
Legal
April 18, 2024
DraftKings Lands in Court over Promotion of “Risk-Free” Bets
Gambling and betting giant DraftKings has found itself in hot water because of its promotion of “risk-free” bets in New York. A class action filed in the Southern District of New York on April 17 accuses the operator of deceptive advertising. The lawsuit was initiated by Samantha Guery through Reese LLP, a professional law firm. […]
Sports
April 18, 2024
DraftKings’ Lawsuit Exposes Feud with Fanatics in Corporate Warfare
Former executives from DraftKings find themselves embroiled in a legal battle with accusations of enticement and stolen corporate secrets. The ongoing feud between DraftKings and Michael Rubin, the billionaire behind the competing sports-betting company Fanatics, reached a climax during a recent court hearing. DraftKings Lawsuit Unveils Allegations of Breach and Recruitment Tactics The heart of […]
Industry
April 15, 2024
Harm Mitigation Places Some Onus on the Individual Too, DraftKings’ CEO Says
Jason Robins, chief executive officer of the American gambling giant DraftKings, has suggested that not all responsibility to overcome gambling addiction lies with the operators. While he acknowledged the companies’ important role in the process, he remained firm that there is also “some onus on the individual.” In an interview with Fortune, Robins talked about […]
Legal
April 4, 2024
Class Action Lawsuit in Massachusetts against DraftKings Moved to BLS
A lawsuit filed by a non-profit organization that safeguards the public health in Massachusetts against the leading gaming and betting giant, DraftKings, was reassigned to another court recently. The change came upon a request from the gaming and betting company which is the defendant in the lawsuit. DraftKings requested the class action lawsuit to be […]
Business
April 2, 2024
DraftKings Triumphs as “Clear Winner” among Competitors, Says New Survey
Amid the expansion of sports betting across the United States, competition in the sector remains fierce. Currently, close to 40 states offer some form of legal wagering on sports, with most providing options for both retail and online/mobile betting services. With that in mind, each state represents a competition for sports betting operators, despite the […]
Sports
March 28, 2024
Sports Betting Giants’ Stocks Tumble Amid NCAA Prop Bet Threat
Shares of prominent online sports betting companies DraftKings and Flutter Entertainment took a hit on March 27 as regulatory concerns and proposed NCAA actions rattled investor confidence. NCAA President’s Proposal Sparks Debate on Sports Betting Integrity The market jitters stemmed from multiple fronts. Firstly, NCAA President Charlie Baker ignited fears by suggesting a potential ban […]
Industry
March 25, 2024
PGCB Issues Fines of $10,000 to DraftKings and Stadium Casino
On March 20, the Pennsylvania Gaming Control Board announced that it had approved two consent agreements presented by its Office of Enforcement Counsel. The agreements were presented during the regulator’s public meeting on that day and resulted in a total of $20,000 in fines against two separate gambling operators. The first operator the PGCB levied […]
Industry
March 22, 2024
DraftKings’ Former Exec Files Opposition to Plaintiff’s Motion
DraftKings (DK), the recognizable betting and gaming operator with a strong presence in North America, was tangled in a legal battle with a former executive recently. The case involved Michael Hermalyn, a former senior vice president of growth at DK and current president of VIP at Fanatics. The executive who is no longer a part […]
