Fantasy Aces Daily Fantasy Sports Corp FASDF

RE:RE:American governments are weary of sports betting

[PrivateEquity1]

Fair comment on the cash value, but "only NY" is way off.  It is the single largest source of DFS clients in North America.  It is also the home of every major NA Sports League head office and very influential to how some other states may react like CA, MA & FL.

Yes, it will be reviewed and we all hope for some kind of reversal.  That said the politically powerful backers have known for weeks this could come and have been lobbying hard and it still happened.

The timing sucks because 80% of DFS revenue comes from the NFL, so missing a week from NY is no small thing.

At best this entire situation will delay any serious movement above .10 for probably 6 months if not a lot longer.

The damage today was not nearly as bad as it could have been.  Could bounce a bit Thursday but if not, I see .03 quickly and staying there for months.