Policy Archives - Keno Wizard https://kenowizard.com/tag/policy/ The Ultimate Keno Destination for Odds, Tips & Tricks Tue, 06 Feb 2024 13:42:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.4 https://i0.wp.com/kenowizard.com/wp-content/uploads/2023/02/cropped-keno-wizard-icon.png?fit=32%2C32&ssl=1 Policy Archives - Keno Wizard https://kenowizard.com/tag/policy/ 32 32 230792155 Former DraftKings Executive Challenges Non-compete Policy in Court https://kenowizard.com/2024/02/06/former-draftkings-executive-challenges-non-compete-policy-in-court/ https://kenowizard.com/2024/02/06/former-draftkings-executive-challenges-non-compete-policy-in-court/#respond Tue, 06 Feb 2024 13:42:50 +0000 https://kenowizard.com/2024/02/06/former-draftkings-executive-challenges-non-compete-policy-in-court/ A former DraftKings executive is challenging non-compete agreements he signed with his employer. The legal case, filed by Michael Z. Hermalyn, Fanatics VIP’s president and former senior vice president of growth at DraftKings, was filed Thursday. In his lawsuit, the executive argues that the non-compete policies he agreed to with his former employer are unenforceable [...]

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A former DraftKings executive is challenging non-compete agreements he signed with his employer. The legal case, filed by Michael Z. Hermalyn, Fanatics VIP’s president and former senior vice president of growth at DraftKings, was filed Thursday. In his lawsuit, the executive argues that the non-compete policies he agreed to with his former employer are unenforceable and overly restrictive in California.

Hermalyn initially joined DraftKings back in September 2020. His former employer learned about the lawsuit shortly after he submitted his resignation recently. Per Hermalyn’s non-compete agreement with DraftKings, he is not allowed to engage in employment within the gaming and betting vertical, an industry where he spent nearly two decades, a report released by Daily Journal reveals.

Additionally, Hermalyn is prohibited from working in gaming and fantasy sports along with other related industries or communicating with former co-workers or clients under a 12-month non-compete clause in his contract. Ultimately, the plaintiff anticipates a court’s decision that would enable him to void the aforementioned non-compete clauses, allowing him to engage in further employment in the sector.

“These sweeping provisions purport to prohibit Mr Hermalyn from being employed in the betting and gaming space in which he has worked for 16 years, from engaging in any work pertaining to fantasy sports, betting and gaming, and other various industries, and from communicating with his former clients and co-workers,“

reads the lawsuit filed by Michael Hermalyn

Supporting his statement that the non-compete clause is unenforceable, Hermalyn explained that before filing the lawsuit, he relocated his domicile to Los Angeles, California, where he entered into a rental agreement for an apartment and purchased a car. Moreover, Hermalyn said he plans to relocate his children to Los Angeles.

The Betting and Gaming Giant Responds to the Lawsuit

The leading betting and gaming company argued that Hermalyn’s lawsuit wasn’t filed properly in California. DraftKings cited a clause in the former employee’s contract where he agreed that a Massachusetts court would be in charge of litigation of disputes.

As a result, the gambling operator moved the case to the federal court, the US District Court for the Central District of California. In its response to Hermalyn’s legal claim, DraftKings asked the court to deny the plaintiff’s request. Moreover, the operator disputed the former employee’s “factual allegations.”

Recently, a young adult who engaged in cyber fraud against DraftKings dating back to 2022 was sentenced to 18 months in prison. The sentence came after the 19-year-old male pleaded guilty.

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]]> https://kenowizard.com/2024/02/06/former-draftkings-executive-challenges-non-compete-policy-in-court/feed/ 0 6691 Sky Bet Alters BOG Policy, Limits Access to Club Members https://kenowizard.com/2024/01/09/sky-bet-alters-bog-policy-limits-access-to-club-members/ https://kenowizard.com/2024/01/09/sky-bet-alters-bog-policy-limits-access-to-club-members/#respond Tue, 09 Jan 2024 17:52:19 +0000 https://kenowizard.com/2024/01/09/sky-bet-alters-bog-policy-limits-access-to-club-members/ Sky Bet recently announced adjustments to its best odds guaranteed (BOG) promotion, restricting access to active Sky Bet Club loyalty scheme members. Effective 15 January, customers must stake £30 within the previous week’s qualifying period to avail themselves of this offering. The operator was confident it would remain competitive despite these changes, highlighting the benefits [...]

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Sky Bet recently announced adjustments to its best odds guaranteed (BOG) promotion, restricting access to active Sky Bet Club loyalty scheme members. Effective 15 January, customers must stake £30 within the previous week’s qualifying period to avail themselves of this offering. The operator was confident it would remain competitive despite these changes, highlighting the benefits of Sky Bet Club.

This decision marks the latest move among leading bookmakers to either limit or remove the popular promotion. October saw Flutter-owned operator Betfair axe this option for horse and greyhound racing. Industry giant William Hill followed suit in December, limiting the offering and setting this ongoing trend. The promotion likely failed to entice customers to pay more, making it unsustainable in the long run.

Sky Bet’s changing policy also eliminates the 10% bonuses on winning forecasts and the 15% bonuses on successful tricasts. The operator had already ceased best odds guaranteed in races offering additional each-way places, heralding the upcoming broader change. Sky Bet head of sports PR Michael Shinners addressed the modifications, highlighting ongoing industry trends.

Best Odds Guaranteed is an offer that many bookmakers have modified or even pulled altogether over the past 18 months.

Michael Shinners, Sky Bet head of sports PR

Shinners discussed the situation for Racing Post, emphasizing BOG’s integration into Sky Bet Club, highlighting it as the leading loyalty scheme in the industry. He added that the most recent decision would ensure that most horseracing customers could continue enjoying the promotion alongside more of Sky Bet’s premiere offerings.

Sky Bet Aims to Consolidate Its Bonus Offerings

When asked about potential implications where punters might increase their spending to access the promotion, Shinners reaffirmed that the Sky Bet Club has consistently required a minimum £30 stake per week for eligibility and that the recent changes would hopefully increase participation in the program. He also underscored Sky Bet’s ongoing support for racing, drawing attention to the upcoming 2024 Sky Bet Sunday Series.

Despite limiting one of its most popular promotions, SkyBet starts the year with significant momentum after a successful 2023. Last year saw the operator conclude several high-profile partnerships with leading leagues and suppliers, bolstering its competitiveness and allowing it to retain its leadership position in the UK.

Sky Bet’s BOG policy changes echo similar shifts made by other bookmakers recently, aligning with industry trends amid rising media rights costs. The operator likely aims to provide more personalized customer service, bolstering customer engagement and hopefully exposing more users to its loyalty scheme. While this move will likely prove unpopular with some bettors, Sky Bet likely hopes it will improve long-term profitability.

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