Showing posts filed under: Ifrah on iGaming by Steven Eichorn

April 25, 2022

Pennsylvania Finally Drops Under 5% Shareholder Licensee Registration Requirement

The Pennsylvania Gaming Control Board (Board) issued a letter to enact a policy change to raise the ownership interest threshold from one percent to five percent for ownership interests held in privately-owned entities. This immediately impacts the licensing requirements of “principal” applications in Pennsylvania and is effective for both existing licensees (or pending applications) and… Read More

July 23, 2020

Betting Operators Look at In-House Options for Customer Leads

Cold-pitch sales are a difficult proposition, especially when done over the Internet. The challenge is greater when competing products are similar and the barriers to entry are low, making it harder for a company to differentiate itself from the competition. So goes the case for online gaming operators who often face difficulty in attracting new… Read More

October 30, 2019

NCAA Announces Groundbreaking Decision to Allow Compensation for College Athletes

Yesterday, the NCAA Board of Governors unanimously voted to allow college athletes to receive some form of compensation.The permitted compensation is limited to “the opportunity to benefit from the use of their name, image, and likeness,” however, athletes will still not be permitted to receive compensation for their actual on-field play. To view the official… Read More

March 28, 2019

How to Ensure Your Media Affiliate Follows Pennsylvania Gaming Law

As discussed in an earlier blog post, New Jersey’s licensing requirements for affiliate marketers impose significantly different structures depending on the revenue model. If the affiliate marketer only plans to work with casinos in a flat fee model (e.g. CPA or other form of pre-determined compensation), then they must register as a vendor. The vendor… Read More

September 6, 2018

Who Needs a License for Online Sports Betting and Gaming in New Jersey?

With online sports betting and gaming now legal in New Jersey, many businesses are seeking to jump into this flourishing industry. However, the regulations require that any company seeking to offer this kind of entertainment be associated with a land-based casino in the state, and that kind of association requires a specific legal status. Companies… Read More

April 22, 2017

Fantasy Golf: A Hole in One

The Masters golf tournament had quite an exciting finish this year and it also was a successful tournament for Daily Fantasy Sports (DFS) operators. As reported by Dustin Gouker: “The Masters marked the unofficial start to the daily fantasy golf season at DraftKings… the metrics for Masters contests were impressive.” Such popularity inevitably leads to… Read More

November 14, 2016

Coalition Building to Combat Unlicensed Internet Gaming Sites

The NJ Division of Gaming Enforcement (DGE) regulates various licensees that provide services to the online gaming industry within the state. The agency recently demonstrated its power of regulatory enforcement over the online gaming industry and its unique ability to protect consumers with its recent discovery that a licensee may have provided US residents with access… Read More

August 15, 2016

A Bank is a Bank

Do you remember when I wrote about how a federal district court had ruled that an online poker account was akin to a bank account and should therefore be subject to FBAR reporting? It seemed nonsense to me at the time—and I also worried about whether the court’s expanded definition of a “financial institution” would… Read More