Industry News of the Day for April 19, 2024

By iDEA | April 19, 2024

Industry News

  • Legal Sports Report: Hermalyn, DraftKings Spar In Court Over Alleged Fanatics Job Offers
    • DraftKings and the former head of its VIP program faced off in court Wednesday for the first time since their lawsuits against each other started more than two months ago. Michael Hermalyn, who left DraftKings for a similar role with Fanatics, did not solicit his former DraftKings colleagues to join him as accused, he told the District Court of Massachusetts. The arguments concerned DraftKings’ request for a preliminary injunction to replace a temporary restraining order, though no final decision was made.
  • PlayUSA: Online Gaming Content Develolper Games Global Applies To List Shares On NYSE
    • One provider to the online casino market, Games Global Limited announced on Wednesday its submission of a registration statement on Form F-1 to the US Securities and Exchange Commission (SEC). This filing marks the company’s intent to launch an initial public offering (IPO) of its ordinary shares. Hence, Games Global plans to go public and list its shares on the renowned New York Stock Exchange (NYSE), where it will trade under the ticker name “GGL

New York

  • Gaming Today: NYSGC Chairman Backs Push To Ban College Player Props
    • The National Collegiate Athletic Association (NCAA) has continued its call to ban college player props. While it has been easy to have some states swing over to implement the ban, some have been vocal about not joining the trend of discontinuing college player props. On April 15, New York State Gaming Commission Chairman Brian O’Dwyer addressed a letter to the NCAA commending them for their campaign to safeguard athletes and reassuring them they would not accept college player prop betting.

Michigan

  • PlayMichigan: How FanDuel Surpassed BetMGM As Online Casino Leader In Michigan
    • For the first time in the history of Michigan online casinos, FanDuel dethroned BetMGM as the top operator in the state. BetMGM had been market leader in the Great Lakes State for 39 straight months. In March, FanDuel Casino Michigan produced $57.6 million in revenue, beating out BetMGM’s $54.7 million. For those of us closely following the market share race in Michigan, it seemed only a matter of time before FD ultimately caught BetMGM. FanDuel’s online casino platform had been gaining steam, not only in Michigan, but across other states, too. From our view, there are a couple clear reasons we can point to for why there’s a new iGaming market leader in the Great Lakes State.

Connecticut

  • SBC Americas: Lawmakers In CT Introduce Bill To Allow In-State College Sports Betting
    • Connecticut lawmakers are considering a change to the state’s sports betting law. Lawmakers in the Constitution State are launching initiatives aimed at authorizing sports wagering on in-state universities following the recent success of the University of Connecticut men’s and women’s basketball programs. Earlier this month, UConn’s men’s basketball team captured its second consecutive national title while the university’s heralded women’s squad made it to the Final Four for the 23rd time in program history.

Minnesota

  • iGB: Messy Minnesota: Track Sues Tribes, Further Muddling Path To Legal Sports Wagering
    • The latest news came on Thursday (18 April) when the house commerce, finance and policy committee voted to move forward an amended bill that bans historical horse racing (HHR) machines from tracks. The issue isn’t directly related to legal Minnesota sports betting, but it was the second move this week muddling the path to legal wagering.
Posted in Daily Clips