For daily fantasy sports sites such as DraftKings and FanDuel, 2014-15 has been their moment. They have been making money hand over fist and people haven’t yet figured out that probably aren't going to win. If you are somehow unfamiliar with these sites (such as not having been in front of a television for two years) the basic premise is to allow customers to participate in daily or weekly fantasy sports contests Read More
Old Town New World
Very proud to have been a recent guest on the Old Town New World podcast - listen here: oldtownnewworld.com/category/podcast/ Read More
Remember California?
Lately a lot has been written about the regulated jurisdictions in the US (New Jersey, Delaware, Nevada) and the online gaming battle going on in Pennsylvania. Has everyone forgotten about California? For a while there, all signs pointed to California being one of the leaders in US online gaming legalization. Then the tribal interests and land based operators and lotteries and legislators all got involved and Read More
What, Me Worry?
Why should we worry about protecting our worth? What are the chances that my assets might be seized by a creditor or the government? I don't do anything wrong. I pay my taxes. I have never been sued. Why worry about going through the time and expense and headache of setting up an asset protection plan anyway? It is true that asset protection planning isn't for everyone. But really the only criteria to consider Read More
What is the Goal of Asset Protection Planning?
One of the most widely discussed and often misunderstood topics in asset protection planning is this - how does one measure whether an asset protection planning has been successful? Clients often come to me asking for a "bullet proof" structure. Some envision a scenario where they can retain ownership (or at least control) of 100% of their assets regardless of how much they might owe creditors or what judgments Read More
Does the NBA Know Something We Don’t?
Bleacher Report recently published a lengthy article suggesting that many might soon be wagering on NBA prop bets nightly "should sports betting become federally legalized throughout the U.S. and the NBA develops a wagering structure for fans in arenas and at home". What??? Sources involved with the situation stated that the NBA has been in recent negotiations with several global sports betting companies, which Read More
It's All About the Timing
When undertaking asset protection planning, one of the most important considerations is timing. You don't want to be like Artie Fufkin, who admitted that he "f*cked up the timing" on a very important project in Chicago many years ago. The ideal time to implement an asset protection strategy is before there are any creditor threats on the horizon. The reason for this is to avoid any fraudulent transfer issues. If Read More
Open Innovation Efforts Gaining Traction at Indian University
Prime Minister Narendra Modi has launched a prestigious venture to raise quality standards of Indian products to attract capital and technological investment in India. The initiative is called ‘Make in India’. According to The New Indian Express, The Innovation and Entrepreneurship Development Cell at Cochin College of Engineering and Technology is being launched this week. The Cell is aimed at developing Read More
Resorts Gets It
Land-based casino owners (well, at least the ones who aren't dumb jerks) seem to have finally turned away from the "old" way of thinking (circa the mid to late 2000s) that online gaming is a threat to their business. Most of them have gradually been dragged (some kicking and screaming) into the 21st century way of thinking, which is that brick and mortar casinos can leverage online gaming to expand their business. Read More
Crowdsourcing to the Rescue!
Thanks to Laura Keeney of the Denver Post for picking up on DigitalGlobe's efforts to assist the earthquake relief effort in Nepal through the use of CrowdSourcing. DigitalGlobe is enlisting the general public's assistance with relief efforts in Nepal following Saturday's magnitude-7.8 earthquake, and anyone with an Internet connection and some spare time can help. The company on Saturday deployed its FirstLook Read More
