Viktor Vangelov | Published 1 Sep 2019, 10:03 p.m.
We’ve reported on numerous restrictions and obstacles that UK operators have faced in the past several months, especially since the beginning of 2019. We’ve reported on the potential effects of a no deal Brexit earlier this week, and a range of other political decisions have also impacted the gambling industry as a whole, and particularly operators’ profits.
The FOTBs £2 stake limit which was introduced in April this year, caused issues for a lot of operators and there are fears that a lot of high street betting shops will be closed by the end of this year. On the other hand, operators are expanding into new markets and new areas which enables them to cover the losses that they suffer due to the decrease of the FOBTs stake limit, and the losses caused by other political decisions.
First Paddy Power DFS Product On This Side Of The Atlantic
Speaking of expanding in new areas and the development of new gambling products, Paddy Power has just launched the first NFL DFS product on this side of the Atlantic, i.e. in Ireland and the UK. The Flutter Entertainment owned brand will begin to offer this newly developed product form the 6th of September this year onward.
The operator has announced the settings and the features of the new platform. Punters will have the opportunity to choose the games they like instead of having to choose players from every game across the season. Multiple line-ups can be selected and there will be a salary cap, much like in the Fantasy Premier League game.
That way, punters who are already familiar with American football will have no trouble getting used to this platform. Punters who are interested will have the option to access the daily fantasy platform online or via the app. Everybody at Paddy Power who has been working on the project is quite eager to see its launch. They stated that customers are interested in this type of products, particularly of this format, where players can participate only for a week, without having to update and amend their team once a week throughout the season.
A spokesperson for the company confirmed that while they’re initially launching an NFL product, they are looking into the option of offering DFS on other sports, most notably football.
Two Bookmakers To Withdraw From New Jersey
While the New Jersey sports betting market has been growing ever since the Garden State started regulating sports betting, two operators based outside of the US chose to withdraw from the market. BetOnline and Bookmaker.eu are the two operators that will no longer be offering their services in New Jersey.
Punters registered with BetOnline began receiving messages that the company doesn’t accept players from New Jersey and that their accounts have been closed. Punters were given until the 30th of September to withdraw the funds from their accounts.
Bookmaker is based in Costa Rica and it seems that this operator has been doing the same thing, namely, asking New Jersey customers to withdraw funds from their accounts before it’s too late.
Posted in:Top News Stories
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