This
month has been a witness to a lot of events in the world of online casinos so
far. While some were talking about the latest development at Panama Papers,
others were banning the Daily Fantasy sports. Here are some of the highlights
of the month so far in casino online news
The latest in casino news
● Panama Papers link Sagi to offshore
accounts
While
the Panama Papers have brought out mighty names such as Vladimir Putin and the
Prime Minister of Iceland, they have been mentioned in the leak of documents of
the off-shore law firm of Panama City. The documents containing about 11
million records have benefitted journalists worldwide by giving them a look
into the banking activity of world renowned leaders, celebrities and even
sports stars.
Teddy
Sagi, Playtech’s Founder, was one of the many who have been linked to off shore
accounts in Israel. Sagi is a
billionaire and founded Playtech (1999), a leading software provider in the
casino field. It has now grown to become one of the most popular and powerful gaming
companies in the world. Mr. Sagi is also a heavy investor in the field of real
estate and owns 16 offshore accounts. Also, he is mentioned as the only
shareholder of all the firms in casino. The bank of Leumi, had to pay around
400 Million Dollars as a fine that was imposed on it, once it was found that it
had been able to assist 1500 Americans to evade tax.
● NYX takes over OpenBet for 270 million
dollars; April 6, 2016
The
NYX Gaming Group reached an agreement with OpenBet where the former will be acquiring
the latter for a whopping sum of 270 Million Dollars. OpenBet is currently
owned by the Virtuvian Partners LLP. It is said that the deal would not have
been made possible without the help of Sky Betting and William Hill, which
funds the deal partially with 80 Million Dollars. The company William Hill will
also be acquiring an extra stake worth 10 million Dollars. This will be a 10
year deal with the NYX to improve the gaming and betting platforms.
Sky
Betting financed approximately 20 million dollars for the deal, which is a much
smaller amount. However, this left many confused. After NYX takes over OpenBet
completely, it will be offering a diverse range of gambling options to players
as it currently features poker and in Casino products.
● DFS becomes illegal in Alabama
The
last in casino news to be featured is that of Luther Strange, Attorney General
of Alabama, who declared Daily Fantasy Sports as illegal gambling and ordered
to cease the operations of DFS in Casino. DraftKing and FanDuel were both sent
official letters to cease their operations of DFS after the Attorney general
found them illegal under the law of Alabama. Following the DFS insider trading
scandal in October last year, the states of Illinois, Georgia, Hawaii, Texas,
New York, etc ruled in a similar manner. 12 States now follow the rule of DFS
as illegal, with Alabama being the latest addition.
