Daily Fantasy Sports
Daily Fantasy Sports to be legalised in Ohio
The bill that would legalise DFS in Ohio cleared the House, is now in the state Senate and could become law this fall.
Daily Fantasy Sports (DFS) could be legalised this fall, according to Representative Jonathan Dever, who introduced H132 with Rep. Rob McColley and projected it to make it to the floor of the Senate by Thanksgiving and be enacted in the first quarter of 2018. The bill easily cleared the House and sits now in the upper house, waiting to be discussed.
As reported by Legal Sports Report, the bill was one of the items on the docket for yesterday’s Senate Finance Committee hearing in the capitol but the legislation wasn’t voted. However Rep. Dever is confident that it will be voted soon enough in order to make DFS a reality in Ohio by early next year. His optimism was backed earlier by an industry lobbyist who said the state was likely to pass a bill this year.
There were some other failed bills in the past that tried to legalise DFS but didn’t make it, after Attorney General Mike DeWine urged lawmakers to address the issue. In 2016, Sen. Bill Coley introduced S 356 but it wasn’t friendly to the industry. Sen. David Burke followed with the introduction of S 375, which eased up on the terms, but the calendar run out and both bills were put on hold until 2017. This year, Reps. Dever and McColley introduced H 132, which was swiftly voted by the House and is set to turn into a law soon.
Daily Fantasy Sports
Scout Gaming provides DFS platform to Nordic Leisure
Scout Gaming is to enter the Latvian and Lithuanian markets for the first time after agreeing to deliver a daily fantasy sports (DFS) platform to Nordic Leisure.
The agreement gives Nordic Leisure, the owner of Optibet and Gold Club Casino, full access to Scout Gaming’s DFS platform enabling them to offer the service across its subsidiaries and to all of its customers.
Scout Gaming’s platform is expected to be fully integrated and operational at Nordic Leisure by the end of 2018.
“I’m pleased that the demand for our offering is increasing,” said Scout Gaming chief executive Andreas Ternström. “Nordic Leisure is a competent, fast growing company with a significant share of its revenues from regulated markets, and I believe they will be a strong partner in the future.”
Nordic Leisure will include all of the group’s brands in the liquidity network being established by Scout Gaming. The network includes or will include Betsson and Bethard, as well as Gofantasy, Fanteam and PAF which have already launched the Scout Gaming DFS product.
“We have strong knowledge about Daily Fantasy Sports internally and when we finally found a product that meet our quality requirements, it was an easy choice,” said Nordic Leisure chief executive Peter Åström. “DFS has a natural fit in our existing product offering, and we see clear synergies with our broader media- and sports activities within the group.”
Awards
Oulala Wins ‘Best DFS Product’ Award
Malta-based DFS firm beats six other finalists
Oulala, the daily fantasy sports (DFS) operator and B2B provider, clinched the ‘Best DFS Product’ award for the second year in a row at SBC Awards ceremony in London.
Hosted by former footballer Luis Garcia and sports presenter Matt Lorenzo, the event featured a full 28 award categories this year – 11 Operator/Affiliate awards and 17 Supplier awards.
Oulala was represented by Oliver Niner, the company’s Business Development Director. ”I would like to congratulate the SBC team for organising this splendid event as well as to express my sincere gratitude to the judges for showing their appreciation for our hard work,” said Niner after accepting the award. ”We are constantly striving to improve our product offer in order to provide our partners with the best Daily Fantasy Football platform on the market. Our latest deals with Marsbet, Safaribet Kenya and Bravio Gaming prove that we are moving in the right direction.”
A panel of 57 judges, most of whom are top executives in the business, selected Oulala as the best in class among seven finalists.
2017 has been another eventful and successful year for the Oulala team ‒ the company’s CEO, Valery Bollier won the ICE VOX Prophet award at ICE, while Oulala was also selected as a superfinalist at the World Football Summit StartCup Challenge by GSIC and the KPMG Game Changers Global Startup Competition. Additionally, Oulala was also nominated for ”Skill Games Supplier of the Year” at the EGR B2B Awards 2017 and for ”Fantasy Sports Operator Award” at the EGR Operator Awards 2017.
About Oulala
Oulala, a B2B-licensed fantasy sports provider, is the company behind an award-winning daily fantasy football management game launched in August 2013. Its highly innovative and advanced scoring system in fantasy football uses 70 different statistical criteria, which are then converted into fantasy points in real time accordingly. A monetised version of the site, launched at the end of 2015, is now used as a case study to present the efficiency of the game to future B2B partners. The latter may opt for a fully customised solution with API, Iframe and Turnkey delivery.
Daily Fantasy Sports
FanDuel CEO exits, former CFO returns to take his place
FanDuel has announced that Nigel Eccles has stepped down as chief executive, with former chief financial officer Matt King to move into the role.
Eccles led FanDuel since he co-founded the daily fantasy sports (DFS) company in 2009, but will now exit the business and also depart its board of directors in order to “focus on his next venture”.
King was chief financial officer at FanDuel from 2014 until 2016 and will now take up the position of chief executive and join the board with immediate effect.
Most recently, King served as president of regional operations and corporate development at Cottingham & Butler and, prior to his time with FanDuel, was also a director at Kohlberg, Kravis, Roberts and Co., as well as a consultant at McKinsey & Company.
“With his strategic vision, range of experiences, and broad skillset, I cannot imagine a better individual to steer FanDuel forward,” Eccles said.
“With tremendous legislative strides in the past two years and the business moving into profitability in Q4, FanDuel is in a great position; I know Matt is the leader to capitalise on the momentum in the sports technology space to take FanDuel to the next level.”
The FanDuel Board also said in a statement: “Nigel achieved something remarkable, he completely redefined an existing industry; his passion, intelligence, and focus have been the bedrock of FanDuel’s success.
“We would like to offer our sincere thanks as he leaves to pursue his next venture.
“We are excited to work with Matt again; he is an exceptional executive who knows the business intimately, and has a clear vision for its next phase of growth.”
Speaking about his return to the company, King added: “Over the past eight years, Nigel has built one of the most disruptive companies in the sports world.
“I look forward to working with our talented team to make FanDuel the place for fans to engage with sports they love in new and exciting ways.”
Meanwhile, FanDuel has also confirmed the appointment of Carl Vogel as its new chairman of the board, while David Nathanson will now join the company as an independent director.
Vogel was previously vice-chairman and president of US satellite broadcaster Dish Network Corp., and also spent time as president and chief executive of Charter Communication.
Nathanson served in various senior roles during an 18-year spell with US media company 21st Century Fox, recently as head of business operations at Fox Sports Media Group.
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