DraftKings reports major Q3 revenue declines
An American gambling company, DraftKings, offering sportsbooks and daily fantasy sports services, shared its Q3 results, reporting a loss of 50%.Being one of the industry...
PHAI sues DraftKings in Massachusetts
The Public Health Advocacy Institute has recently initiated a class-action lawsuit against DraftKings in the state of Massachusetts.
The new lawsuit has been filed by the litigation organization on behalf of gambling enthusiasts in Massachusetts who registered playing accounts with DraftKings to make use of the operator’s widely advertised thousand-dollar signup bonus. The plaintiffs alleged that DraftKings’ advertisements were deceptive, implying that simply signing up would reward them with a thousand dollars worth of credits.
However, the bonus in question featured much more involved requirements, namely a first deposit of 5 thousand dollars and a subsequent betting requirement of 25 thousand dollars on select opportunities offered by the operator within a 90-day period. The plaintiff stated that prospecting customers could not have reasonably been expected to understand the high costs of the bonus, with the likelihood of them opting to not open a playing account with DraftKings being quite high if the terms were clearly communicated in the company’s ads.
The PHAI mentioned that the two players who initiated the lawsuit stated that they were perplexed after not receiving their thousand-dollar registration bonuses. The organization stated that they are two of thousands of residents of the state who would have opted to not register at DraftKings had they been clearly communicated the requirements of the operator’s promotional offer.
DraftKings announces 101 employee cut off in New Jersey
An American gambling company, DraftKings, offering sportsbooks and daily fantasy sports services, announced the cut off news of 101 employees in New Jersey due to the closure...
