Sentences with phrase «obtaining gambling licenses»
The state says the fantasy sports leagues can't do business there without obtaining gambling licenses.
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Last month, Nevada's Gaming Control Board ruled that daily fantasy sports operators (including Yahoo and all the smaller players too) are gambling operators and that, as such, they must obtain gambling licenses to continue offering paid contests in the state.
Not exact matches
Meanwhile, Nevada regulators moved on Thursday to reclassify DFS as gambling, requiring FanDuel and DraftKings to either obtain gaming licenses or cease operations in the state.
Since obtaining these licenses would seemingly be an admission that daily fantasy is actually a form of gambling, it seems unlikely that either FanDuel or DraftKings will return to Nevada any time soon.