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DraftKings and FanDuel consent with NCAA to Suspend Amateur and College Sports Contests

DraftKings and FanDuel consent with NCAA to Suspend Amateur and College Sports Contests

No more March Madness: DraftKings and FanDuel have agreed to suspend the offering of DFS contests on NCAA games.

As the 2016 Men’s NCAA National Championship finished in spellbinding drama last night and Kris Jenkins’ sizzling, match-winning shot in the last micro-second of the blew our tiny small minds, this is certainly probably the a year ago ever that fans should be able to ramp the enjoyment up of March Madness through DFS contests.

Both DraftKings and FanDuel have voluntarily agreed this week to close the drafts on college-level and amateur sports. This follows just what a FanDuel spokesperson described as ‘months of productive conversations’ with the NCAA, also state legislators, during which both companies heard their issues about the impact of dream recreations on college-level and athletics that are amateur.

Both Indiana and Virginia, which this present year became the first states to regulate DFS in america, included provisions within their legislation that the contests must not be based on college competitions.

‘It is obvious that this is an issue that things to many different constituencies and we feel that the best path forward is to suspend offering these contests pending resolution regarding the issue within state legislatures,’ said FanDuel.

‘We supported all of these efforts, and going ahead we shall actively support bills containing the same provisions. We are ple Continue reading DraftKings and FanDuel consent with NCAA to Suspend Amateur and College Sports Contests

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Casino News: Group Purchases Resorts World Catskills, Jerry Jones Gets Endorsement

Casino News: Group Purchases Resorts World Catskills, Jerry Jones Gets Endorsement

This week’s casino news follows up on a story from last week where in fact the Resorts World Catskills had been bankruptcy that is nearing. Fast forward to the week and they’ve found an answer to their financial woes.

Genting Group Purchases Upstate Brand New York Casino

Last week, it had been stated that the Resorts World Catskills was on the brink of bankruptcy. This week, they’ve found a buyer to greatly help them escape of financial trouble.

The Genting Group has purchased the Resorts World Catskills from Empire Resorts. The announcement comes not as much as two weeks after the casino’s parent company considered filing for Chapter 11 bankruptcy. Empire Resorts announced the purchase along with associated with remaining stocks of its $1.2 billion Las Vegas-style real-money-casino.club casino in Monticello set to transfer over to the Genting Group within the deal.

The Genting Group ended up being currently the investor that is largest in this particular casino, owning 86-percent of the shares before they completed their many recent deal. According to reports, the Genting Group bought the remaining shares at about 15-percent significantly more than their current market value. After its purchase that is latest, Genting Group now has a total of 40 casinos in its portfolio. Year the expectation is that the sale is to be completed at some point before the end of the calendar.

Las Vegas Sands Corp Facing $12 Billion La Continue reading Casino News: Group Purchases Resorts World Catskills, Jerry Jones Gets Endorsement