Gambling
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Penn Nat’l pays up to $170M for Rocket Games, a social casino studio from Zynga alums
While social games company Zynga’s push into real-money gambling may have had some hiccups, a group of alums who built a startup dedicated specifically to the genre have sold their company for up to $170 million. Rocket Games, a social gambling company based out of San Francisco, has been acquired by Penn National Gaming, the slot machine, video gaming machine, and casino company.… Read More
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NY State Rules Daily Fantasy Illegal, Ordering FanDuel & DraftKings To Stop Taking Bets
Today, the NY Attorney General dropped a bomb on daily fantasy sports sites like FanDuel and DraftKings. Sites like them have been categorized as “illegal gambling sites” and have ordered them to cease taking money from the residents of New York state. The official cease-and-desist notices have been delivered. BREAKING: NY Attorney General determines that FanDuel & DraftKings… Read More
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