$871 Million Online Gambling Verdict Thrown Out (1)

December 21, 2018, 3:22 PM UTCUpdated: December 21, 2018, 7:13 PM UTC

The Kentucky Court of Appeals has thrown out an $871 million judgment against online gaming giant Stars Interactive Holdings Ltd.

The ruling, coming just six months after the U.S. Supreme Court struck down the ban on sports betting in most states, is yet another sign that the courts aren’t likely to stand in the way of growing public support for online gambling, industry representatives said.

“Cases like the one in Kentucky are a relic of the past, and we are happy to be looking forward to a more entertaining future,” Jeff Ifrah, a gaming attorney and founding member ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.