Fanduel Founders Launch Civil Action Against Paddy Power Betfair

Led by former CEO Nigel Eccles, founders claim that PPB "purposely undervalued" company in $465 million acquisition Civil litigation filed in a Scottish court this week reveals that former FanDuel CEO Nigel Eccles, along with three other founders of the company - Lesley Eccles, Tom Griffiths and Rob Jones - are unhappy with the manner in which they claim Paddy...

Indiana Takes A Wait And See Attitude On Sports Betting

Regulator approves the hiring of top consultants to carry out a study prior to jumping in to the nascent sports betting market The US state of Indiana is taking a cautious approach to the newly liberalised sports betting sector in the United States, with the regulator hiring respected consultants Eilers & Krejcik Gaming LLC to carry out a comprehensive study...

Sports Betting in the News — Weekly Round-up for August 10, 2018

Boyd Gaming And Fanduel Form Sports Betting Partnership Another major deal flowing from the liberalisation of sports betting in the United States Boyd Gaming Corporation and FanDuel Group – a subsidiary of Paddy Power Betfair plc, announced Thursday that they have formed a strategic alliance to pursue sports betting and online gaming opportunities across the United States. The partnership brings...

Americas Cardroom Under DDOS Attack Again

Online poker operator pauses tournament Americas Cardroom, in the past a frequent target for Distributed Denial of Service attacks (see previous InfoPowa reports), was targeted again this week by unknown parties, causing it to suspend an ongoing series of online tournaments. The attacks, which were successfully repulsed, took place on Sunday, Monday and Tuesday night, with cardroom management subsequently advising...

Poker in the News — Weekly Round-up for August 10, 2018

US Pro The Victor In World Poker Tour Choctaw Main Event Brady Holiman adds $469,185 to his career live tourney earnings US poker pro Brady Holiman scored a convincing victory in the $3,700 buy-in World Poker Tour Choctaw Main Event this week, taking home the first prize of $469,185 and his first WPT title. Holiman entered final table action with...

Ninth Circuit Court Of Appeal Upholds Tribal Online Bingo Shutdown (Update)

Iipay Nation of Santa Ysabel's Desert Rose online bingo site in the news again A panel of three judges in the Ninth Circuit Court of Appeals has upheld an earlier lower court decision that shuttered the Iipay Nation of Santa Ysabel's Desert Rose online bingo site, saying the operation violated the Unlawful Internet Gambling Enforcement Act because bets were placed...

Churchill Downs Releases Q2-2018 Results

Positive report despite loss of Big Fish Games contribution following sale to Aristocrat earlier this year Churchill Downs Incorporated has posted its Q2-2018 results, highlighting the following metrics: Net revenue of $379.4 million, 12 percent up on Q2-2017; Net income of $103.1 million compared to $78.3 million in the prior year - up 32 percent; Income from continuing operations, net...

Massachusetts Lawmakers Fail To Pass Licence Renewal Legislation

Business grinds (briefly) to a halt as lawmakers scramble to correct oversight Reports have emerged in the Massachusetts media indicating that an embarrassing lack of attention on the part of state lawmakers mid-week briefly left the state’s two horse racetracks unlicensed and unable to operate. Lawmakers had allowed the deadline for renewal legislation HB4809 to go unheeded when the Legislature...

New Jersey in the News — Weekly Round-up for August 10, 2018

Sugarhouse Online Casino In New Jersey Awards Its Biggest Jackpot Yet Anonymous New Jersey woman wins $287,945 on a $2 bet Rush Street Interactive online casino subsidiary Playsugarhouse.com has awarded what it claims is the largest online jackpot yet on its Divine Fortune progressive jackpot slot, paying out $287,945 to a local woman resident who had bet just $2. The...

Scientific Games Subsidiary Hit With $315 Million Penalty

US judge finds that Shuffle Master lawsuit against Shuffle Tech was a sham based on fraudulent patents Scientific Games’ subsidiary Shuffle Master faces a $315 million penalty following this week's finding by a US judge that it launched a sham lawsuit in 2012 against rival card-shuffling provider Shuffle Tech (since bankrupt) to damage the firm. The Guardian newspaper reports that...