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Attorney General Hopeful Divests from Betting Company

Attorney General Hopeful Divests from Betting Company

Warren Tolman, the man hoping to receive the Democratic nomination for attorney general, has said that he has cut all financial ties with a gaming company that aims to make betting more appealing to young people.

Attorney General Hopeful Divests from Betting Company

Warren Tolman, who is hoping receive the Democratic Party’s nomination to be attorney general, has divested from the firm Fast Strike Games.

Earlier this week Tolman said that he has divested his stake in ‘Fast Strike Games’, a company that specializes in interactive games for state lotteries.

Fast Strike is hoping to join with state lotteries to run cash-payout fantasy sports games. Last month Tolman’s picture and biography were on the company’s website and he was listed as director of business development. However, in recent weeks he has been removed.

Tolman has never drawn pay from the company but it is thought that he maintained an equity share of roughly 40%.

One of Tolman’s advisers said that he has now transferred his ownership stake to Scott Oddo, its chief executive, for the price of $1.

Tolman is hoping to be nominated by the Democratic Party as Massachusetts’ attorney general. As attorney general it would be his responsibility to enforce the state’s gambling laws. When asked about it Tolman said, “If I’m attorney general, I will look at all these issues. . . as I would any other any other issue in any other industry.”

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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