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Daily Fantasy Sports

Connecticut near DFS regulation

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Connecticut governor Dannel Malloy signed the budget plan last Tuesday, which includes DFS regulation, and is close to its implementation.

 

Connecticut is close to regulating daily fantasy sports (DFS) as the Governor Dannel Malloy signed the 2018-2019 budget, which includes the segment’s regulation. However, DFS will still need tribal approval to avoid going against the compacts with the state’s tribes.

DFS regulation is moving forward in the US and Connecticut is determined to follow states like New England in regulating the segment. The law signed by Gov. Malloy foresees the activity generating US$500k in revenue in 2019 and sets several ground rules such as: 18 is the minimum age to play; the Commissioner of Consumer Protection will have regulatory oversight; operators will pay a registration fee of US$15k or 10 per cent generated from local players; sets a 10.5 per cent tax on revenue generated from Connecticut players.

However, despite taking a major step forward, there’s still the need to get tribal approval to get DFS up and running, as the agreements with the Mohegan and the Mashantucket Pequot give them exclusive rights to conduct gambling. Furthermore, as Legal Sports Report quoted AG George Jepsen, “any legislation authorizing daily fantasy sports contests must be viewed against the backdrop of the existing agreement between the State and the Tribes.

Therefore, there’s still amendments to do and the need for them to be approved by the General Assembly and the US Department of Interior. Nonetheless, Connecticut has taken a major step towards DFS legalisation and is getting ready to approve it.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Daily Fantasy Sports

Scout Gaming provides DFS platform to Nordic Leisure

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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 TernströmNordic 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 ÅströmDFS has a natural fit in our existing product offering, and we see clear synergies with our broader media- and sports activities within the group.

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Awards

Oulala Wins ‘Best DFS Product’ Award

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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.

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Daily Fantasy Sports

FanDuel CEO exits, former CFO returns to take his place

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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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