As reported by Gambling911.com, PayPal quickly reacted to today’s decision by NY State Supreme Court Justice Manuel Mendez that granted NY State an injunction against DraftKings and FanDuel to halt operations in NY. PayPal immediately announced that they would stop allowing transfers to and from DraftKings and FanDuel, thereby seriously hampering their ability to take in […]
Hopefully, for their sake, Draftkings was slow off the line to shut down Nevada based IP addresses. It would be foolish for them to continue to accept Nevada customers and face the wrath of the Gaming Control Board and the enforcement division. DraftKings Continues to Operate in Nevada – The New York Times.
The NGCB ‘s recent decision to classify DFS as gambling has far reaching implications beyond the borders of the Silver State. Nevada has always been considered the “Gold Standard” in the regulation of gambling and its decision will now be used by numerous other States as a de facto conclusion that DFS is gambling. This […]
Very interesting article from The Japan Times that provides an overview of the junket model in Macau and the massive credit some of the VIP players are extended. If we are to believe the facts of this article, the debtor in question, Mr. Lou would be by far the biggest gambling debtor of all time […]
Supporters of federal legalization of Internet gaming could be the biggest losers following the 2014 midterm elections, according to analysts. The issue is not expected to gain traction in Washington, D.C., come January, after the new Congress is seated. With Republicans taking control of the U.S. Senate and gaining a larger majority in the House of Representatives, […]