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NBA's Decision Over ASG In Charlotte Could Persuade Other Sporting Events To Follow Suit

Published in SportsBusiness Daily on 06 / 30 / 16

While North Carolina lawmakers consider revisions to controversial House Bill 2 , there is a "sense that a decision by the NBA to move its All-Star Game" from Charlotte "could persuade other sporting events to follow suit," according to a front-page piece by Jim Morrill of the CHARLOTTE OBSERVER.&n...

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Yahoo Pulled Into New York DFS Investigation

New York State Attorney General Eric Schneiderman "has expanded his investigation into daily fantasy sport sites, with measures including the issuance of a subpoena" to Yahoo, according to a source cited by Joe Drape of the N.Y. TIMES. Schneiderman yesterday "sought an injunction in state court" to ...

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New York AG Files To Shut Down DFS

New York Attorney General Eric Schneiderman this morning "sought an injunction" to "immediately stop fantasy sports companies from operating" in the state, according to Yancey Roy of NEWSDAY. Schneiderman asked a state court to "issue the order one week after he sent a cease-and-desist let ...

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FanDuel Stops Deposits From New Yorkers

FanDuel on Friday said that it is "no longer accepting new deposits from players in New York," but its "full menu of contests across all sports 'will run as scheduled,'" according to Sarah Needleman of the WALL STREET JOURNAL. The company also said players in the state "can withdraw funds as us ...

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DraftKings, FanDuel File Suit Against New York AG

DraftKings and FanDuel on Friday morning filed separate lawsuits in N.Y. Supreme Court against state Attorney General Eric Schneiderman, seeking a reversal of his cease-and-desist letter to the daily fantasy sports  firms earlier this week, and escalating the ongoing legal drama against DFS to ...

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Massachusetts Gov. Says DFS Should Be Legal

Massachusetts Gov. Charlie Baker on Thursday said that he believes DraftKings' contests "do not amount to gambling and should be legal" in the state, according to a front-page piece by Woodward & Adams of the BOSTON GLOBE. With that declaration, Baker offered his "most vocal defense of Boston&rs ...

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FanDuel, DraftKings To Challenge AG's Order

FanDuel and DraftKings both plan to mount legal challenges against New York Attorney General Eric Schneiderman, who on Tuesday issued cease-and-desist orders against the companies allowing paid participation from residents in the state. FanDuel co-Founder & CEO Nigel Eccles and outside counsel M ...

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New York AG Rules DFS Sites Illegal

New York Attorney General Eric Schneiderman yesterday ordered DraftKings and FanDuel to "stop accepting bets from New York residents, saying their games constituted illegal gambling under state law," according to a front-page piece by Bogdanich, Drape & Williams of the N.Y. TIMES. The cease-and- ...

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Sports Teams, Fans Give Back To Communities

Financial records show that "more than 100 charities and foundations are run by owners, teams and leagues in all major sports," according to Ken Belson of the N.Y. TIMES. These groups "gave away" almost $163M and had assets of $2.3B in the most recent records available. For decades, owners and teams ...

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IPO Off The Table For FanDuel

An IPO is off the table for FanDuel, which is reportedly valued at $1.3B, because co-Founder & CEO Nigel Eccles said that his company "doesn't need to raise any more money at this point, and that the regulatory landscape for daily fantasy needs to stabilize before any company goes public," accor ...

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Redskins' Garcon Sues FanDuel

Redskins WR Pierre Garcon on Friday in federal court in Maryland accused FanDuel "of making its money 'on the backs of NFL players' in a class action lawsuit that asks a judge to make the company hand over all of its profits from daily fantasy games," according to Brian Dowling of the BOSTON HERALD. ...

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