Running Aces files racketeering lawsuit against Minnesota tribal casinos [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
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Source: Yahoo! Finance
The lawsuit by the track, which operates in Columbus in the northeast Twin Cities metro, named executives at Grand Casinos in Hinckley and Mille Lacs, owned by the Mille Lacs Band of Ojibwe, and Treasure Island Resort & Casino, owned by the Prairie Island Indian Community. Running Aces contends the casinos have been offering "class III" card games not authorized by state compacts under the 1988 Indian Gaming Regulatory Act. In the compacts, both the tribes and the state agreed to limit casinos to video games of chance, known as slot machines, and blackjack, according to the Alcohol and Gaming Enforcement Division of the state Department of Public Safety. The two Grand Casinos have offered not only blackjack but other class III card games, such as Three Card Poker and Ultimate Texas Hold 'Em, which are not covered by their state compact. The same was true at Treasure Island until last October when its compact was amended to allow other class III games, the lawsuit states. The un
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- DKNG's page on the SEC website