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FanDuel threatens to leave New York unless state lawmakers vote to legalize Daily Fantasy Sports

FanDuel threatens to leave New York unless state lawmakers vote to legalize Daily Fantasy Sports

FanDuel CEO Nigel Eccles warned the leaders of the state Legislature in a letter that the company would likely leave the state unless lawmakers adopt a law that allows them to resume operations in New York.

 

 

FanDuel's offices were moved to New York in 2011 and has 175 employees at its Union Square headquarters. In the letter, Eccles wrote: “Without it, FanDuel will likely be forced to find a new home, as our operations, employees and industry would not be welcome in New York.”

 

 

Lawmakers in the Senate and Assembly put the finishing touches on a bill that, if approved, would allow DFS sites to operate in New York under regulation from the state Gaming Commission. Assembly Racing and Wagering Committee Chairman Gary Pretlow said about the legislation: “I am 100% confident this is going to happen.” He continued: “We are in the process of finalizing.”

 

 

The legislation had some fierce opposition from other gambling interests in New York, including casino operators who have argued that DFS should only be allowed in New York if it is tied to “brick-and-mortar” gambling facilities in the state.

Pretlow and Gaming and Wagering Committee Chairman John Bonacic have both dismissed that argument as misguided, as did Eccles in his letter.

Trying fantasy sports to brick and mortar casinos will suffocate innovation, and choke off a generation of entrepeneurs we want building businesses in New York,” Eccles said.

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