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Fantasy Aces Daily Fantasy Sports Corp is engaged in the daily fantasy sports games. It offers players the ability to play fantasy sports in a variety of sports including NFL, NBA, NHL and PGA. The company operates in the United States.

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Fantasy Aces Daily Fantasy Sports Corp > Truce in NY - short term bad, long term hope

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Post by PrivateEquity1 on Mar 21, 2016 12:12pm

Truce in NY - short term bad, long term hope

So FanDuel and DraftKings settle with NY AG, volunteering to withdraw from NY until September. So short term DFS is banned in the state, until new laws governing it get voted on in September earliest.

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Comment by PrivateEquity1 on Mar 21, 2016 12:17pm

That should read the appeal is decided in September on the current question of legality. Two separate bills are being considered though they won't see committee of voting for a while it seems. The highest probability bill would see a one time upfront $500K fee. This would be applied against future tax obligations. Still lots to pony up for smaller sites. And again no college sports would be ...more

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Comment by PriceIsRight on Mar 21, 2016 12:59pm

The settlement is for the two big one - Fan Duel and Drafte king - from my understanding all others cn continue to operate in NY

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Comment by PriceIsRight on Mar 21, 2016 1:32pm

Daniel Roberts @readDanwrite If New York legalizes #DFS by June 30, the NYAG will drop all claims against DK/FD... but not false advertising. pic.twitter.com/Cddkxg6rXM 12:51 - 21 mars 2016

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