Sentences with phrase «new daily fantasy»
The notice followed a legislative push for a new daily fantasy - friendly law.
http://www.espn.com/ Not exact matches
He issued the two companies cease - and - desist letters in New York, which has the most daily fantasy sports players of any state, according to Eilers Research.
«We are very disappointed that New York Attorney General Eric Schneiderman took such hasty action today, particularly since he did not take any time to understand our business or why daily fantasy sports are clearly a game of skill,» DraftKings said in a statement.
In a major blow to the daily fantasy sports industry, a New York judge has ruled in favor of a preliminary injunction that orders DraftKings and FanDuel to shut down in the state.
«We are very disappointed that New York Attorney General Eric Schneiderman took such hasty action today,» DraftKings said, «particularly since he did not take any time to understand our business or why daily fantasy sports are clearly a game of skill.
«Daily fantasy sports companies are engaged in illegal gambling under New York law, causing the same kinds of social and economic harms as other forms of illegal gambling, and misleading New York consumers... Daily fantasy sports is neither victimless nor harmless, and it is clear that DraftKings and FanDuel are the leaders of a massive, multi-billion-dollar scheme intended to evade the law and fleece sports fans across the country.
The FSTA is also disappointed that the New York Attorney General has chosen the path of hurried litigation after years of watching daily fantasy sports thrive and entertain in New York rather than pursuing the path of common sense regulation or legislation as Massachusetts, Illinois and Florida have done.
New York State Attorney General Eric Schneiderman has begun his crackdown on daily fantasy sports (DFS), threatening the continuation of the online sports games.
In November, New York Attorney General Eric T. Schneiderman ordered that daily - fantasy - sports websites constituted gambling and were thus illegal.
Daily fantasy presents a new challenge every week, with football fans looking to put together the best lineup possible from a menu that offers literally every player taking the field on Sunday.
DraftKings, the controversial daily fantasy sports site, has raised $ 153 million in new funding, Fortune has learned.
It was a major threat to the future of the exploding daily fantasy sports industry, and it led a number of smaller daily fantasy sports operators, who were not sent any letter from Schneiderman, to promptly cease business in New York.
New York has more daily fantasy sports players than any other U.S. state, according to Eilers Research, so being forced to shut down there could cripple the companies.
In August 2016, New York Gov. Andrew Cuomo signed into law legislation explicitly permitting daily fantasy sports in the Empire State.
A visit to a small New England college campus offers a snapshot of the novice daily fantasy football player, and illustrates the reasons administrators and parents are concerned about students playing DFS
Reports indicate that 10 % of all daily fantasy players reside in the state of New York, which means that some of the larger tournaments may struggle to fill up.
This was a striking blow for daily fantasy, although both companies were quick to react and have sued the New York attorney general to prevent the ban of DFS.
This was a massive blow since New York accounts for an enormous part of the daily fantasy sports market:
Having played fantasy football for the past 18 years and collecting 25 national prizes in games such as the Sun DreamTeam, Telegraph, SkySports and the Daily Mail, I now work for Opta - powered fantasy football game Oulala who will be launching a new daily version of their game very Daily Mail, I now work for Opta - powered fantasy football game Oulala who will be launching a new daily version of their game very daily version of their game very soon.
But my fantasies of him looking like the newest member of the Jackson 5 have been at war with my dread of the daily battle to detangle.
Policy issues such as limiting Airbnb advertising, regulating daily fantasy sports wagers and allowing Uber and Lyft to operate outside of New York City were left to Assembly and Senate committee chairs.
«I thought it would be higher,» Assemblyman Gary Pretlow, a Westchester County Democrat, said after the racing and wagering committee he chairs held a hearing to hear what the daily fantasy sports industry has brought New York.
It's also likely that there will be agreement on expanding gambling to permit daily fantasy sports contests to be available to New Yorkers, and for restaurants and bars to sell alcohol starting at 10 am on Sunday mornings.
The two biggest daily fantasy sports companies have agreed to stop taking bets from New Yorkers while lawmakers debate whether to make the popular games legal, the companies and state Attorney General Eric Schneiderman announced Monday.
ALBANY, N.Y. (AP)-- The chairman of the Assembly committee with authority over gambling predicts New York will legalize and regulate daily fantasy sports, noting many residents already play it online.
The measure, backed by Sen. John Bonacic, comes as lawmakers are also considering legislation that would legalize daily fantasy sports betting operations in New York after a legal challenge by Attorney General Eric Schneiderman led to the companies like DraftKings and FanDuel suspending operations in New York.
The Democratic - led Assembly on Friday afternoon approved a bill that would allow daily fantasy sports betting in New York, but the fate of the measure in the GOP - controlled Senate is unclear.
The New York legislature was closing down on an end - of - session deal that would strip convicted lawmakers of their pensions, extend mayoral control of New York City schools for one more year, and legalize daily fantasy sports gambling.
State lawmakers are nearing an agreement this month to pave the way for allowing daily fantasy sports in New York, months after a legal challenge sidelined popular websites FanDuel and DraftKings.
But Macdonald also noted that daily fantasy sports, generally considered to be a form of gambling, is treated in New York as a game of skill.
New York lawmakers wrapped up the 2016 legislative session at around 5 a.m. Saturday morning, agreeing to take steps to cancel the pensions of convicted lawmakers in the future, legalizing daily fantasy sports and extending New York City's mayoral control law for another year.
Daily fantasy sports giants DraftKings and FanDuel beat one key deadline last week when state lawmakers approved a bill paving their way to restart operations in New York.
Republican Robert Ortt of North Tonawanda says there's a pending agreement involving one of the major daily fantasy sports operators that would provide an economic boost for Western New York.
«No one should have to sit back and watch others in other states compete and play something like daily fantasy sports and not be able to do it in the State of New York.»
ALBANY — A quintet of lawyers for daily fantasy sports sites spent more than three hours Tuesday insisting their operations in New York are legal, and answering questions from legislators who are considering laws that would clarify their legality.
It's also likely that there will be agreement on expanding gambling to permit daily fantasy sports contests to be available to New Yorkers, and for restaurants and bars to sell alcohol starting at 10 a.m. on Sunday mornings.
The state legislature was closing in on an end - of - session deal that would strip convicted lawmakers of their pensions, extend mayoral control of New York City schools for one more year, and legalize daily fantasy sports gambling.
State lawmakers wrapped up the 2016 legislative session at around 5 a.m. Saturday morning, agreeing to take steps to cancel the pensions of convicted lawmakers in the future, legalizing daily fantasy sports and extending New York City's mayoral control law for another year.
Company officials at daily fantasy sports website FanDuel have vowed to keep their New York operations running after the state's top lawman told them to stop.
The distinction is key for the future of how daily fantasy sports will be played in New York.
Lawmakers then passed a law that defined daily fantasy sports as a game of skill - resolving the central argument in a lawsuit brought by Schneiderman, a Democrat, against New York - based FanDuel and Boston - based DraftKings.
The chairs of the Senate and Assembly wagering committees said they are preparing final legislation that they hope will lead to the legalization of daily fantasy sports contests in New York.
With the Legislature considering bills to legalize online daily fantasy sports sites like FanDuel and DraftKings, some lawmakers and advocates say any revenue for the state should go toward education, as has been traditional for gambling - generated cash in New York.
An agreement has been reached between the State Senate and Assembly to legalize daily fantasy sports in New York, according to Senate Racing and Wagering Committee Chair John Bonacic, though the governor is seeking to make some «technical amendments» to the Hudson Valley lawmaker's bill.
The daily fantasy sports industry today turned to two retired NFL quarterbacks — Hall of Famer Jim Kelly and Vinny Testaverde — to make a last - minute pitch to ensure the popular contests are legalized in New York.
A deal on legalizing daily fantasy sports in New York may be reached before the legislative session ends next month.
The decision to allow daily fantasy sports in New York is good news for the Scotland - based FanDuel, which is considering an acquisition of its competitor DraftKings.
The New York Gaming Association, which advocates for the interests of the state's nine racinos, filed a complaint alleging that several entities pushing a bill that would legalize daily fantasy sports betting have improperly failed to register as lobbying entities.
State lawmakers have reached agreement on legislation that would allow daily fantasy sports websites to resume operations in New York, but the measure still faces an uncertain fate at the Capitol.
The head of the small but influential state Conservative Party, Mike Long, wants state lawmakers to slow down on any moves to legalize daily fantasy sports in New York.