CEO says Paddy Power Betfair is primed for US

The highlight of the second quarter for Paddy Power Betfair was the completion of the deal to acquire US daily fantasy sports operator FanDuel

“Fantasy sports will continue to be an important feature in the US market, especially in states where it could take a while for sports betting to be regulated,” said CEO Peter Jackson.

Jackson added that he envisages a “different market construct” in the US in terms of the balance between free-to-play games and sports betting, given the strength of the DFS market.

“Having 100,000 customers in New Jersey is a good starting point,” he said.

“Our US strategy is to go after the B2C market under the FanDuel brand. We have secured market access agreements covering 15 states and 36% of the US population, including markets where regulation is expected by the end of 2019.

“It’s worth remembering that our US business is not a start-up. We have established brands, with FanDuel in sports and TVG in racing, an extensive product suite, operational expertise and we already operate in 45 states, including real-money wagering in 33.

 

NO. He’s not even worth that…

Getty Image The Dwight Howard era in Houston is likely over now that he’s opted out of his current contract in order to try and reap the financial benefits of the skyrocketing salary cap this summer. The 30-year-old center was set to earn a little more than $23 million next season with the Rockets, and it seems like he’s at…

via Is Dwight Howard Really Only Worth $15 Million Per Year? — Real Stories – UPROXX

Are the Feds Going to Regulate Daily Fantasy Sports on a Nationwide Basis…?

“States have traditionally handled regulation of gambling, supported by federal law in situations where an interstate of foreign element might otherwise frustrate the enforcement of state law,” posited the CRS report. “With respect to federal law, DFS may implicate at least four gambling-related statutes.”

See, espn Chalk Talk report by Ryan Rodenberg

Restitution complaint filed by NYAG against FD and DK re DFS players’ losses in NY.

In a savvy legal maneuver, the NYAG has amended its complaint against FD and DK seeking #DFS players’ full restitution for losses suffered on their sites in NY; this brilliant litigation tactic may not work, but it will almost certainly pit 90 + % of DFS players against the sites. I predict that DFS players today will be no different than iPoker players (or most other Americans for that matter) – give me my $ back…!

Restitution complaint filed by NYAG against FD and DK re DFS players’ losses in NY.

 

Sports Gaming Opportunity Act of 2015 (HR 416 – LoBiondo) [PASPA Amendment Bill]

114TH CONGRESS

1ST SESSION H. R. 416

To amend chapter 178 of title 28 of the United States Code to permit during a 4-year period States to enact statutes that exempt from the operation of such chapter, lotteries, sweepstakes, and other betting, gambling, or wagering schemes involving professional and amateur sports.

IN THE HOUSE OF REPRESENTATIVES

JANUARY 20, 2015

Mr. LOBIONDO (for himself, Mr. FRELINGHUYSEN, Mr. LANCE, and Mr. SMITH of New Jersey) introduced the following bill; which was referred to the Committee on the Judiciary.

See text of the Bill at:  http://www.jdsupra.com/legalnews/sports-gaming-opportunity-act-of-2015-h-31223/