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Warren Tolman gives up investment in betting game firm

Warren Tolman.

John Blanding/Globe staff/file

Warren Tolman.

Attorney general hopeful Warren Tolman said he has severed financial ties with a gaming company that promotes technology aimed at making betting more appealing to young people.

In a television interview that aired Sunday, Tolman said he had divested his stake in Fast Strike Games, which specializes in interactive games for state lotteries.

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“I’ve since divested any interest in the company, whatsoever. Never received a nickel for it,” Tolman said on the WCVB-TV (Channel 5) program “On the Record.”

The Globe reported in April that Tolman was involved with Fast Strike, which hopes to join with state lotteries to run cash-payout fantasy sports games. Tolman was listed as director of business development on the company’s website in April, but his picture and biography were removed after the Globe inquired about his role.

At the time, Tolman said he had never drawn pay from his involvement with the company, but a Tolman adviser said the candidate for attorney general maintained an equity share of about 40 percent.

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In the TV interview, Tolman said that had changed.

“So, you have no equity in the company any more?” reporter Janet Wu asked him.

“No. It’s clearly in my rearview mirror,” Tolman said, adding later that the company “never got off the ground.”

He did not specifically say why he ended financial ties with Fast Strike.

A Tolman adviser said on Sunday that Tolman retains no financial links to the company. The adviser said Tolman had transferred his ownership stake in the company to Scott Oddo, its chief executive, for $1 sometime in the last two weeks.

A voice mail left on a telephone number associated with Oddo received no reply.

Online lottery ticket sales are currently illegal in Massachusetts and state officials had told the Globe the Legislature would need to change the law before the lottery could enter the online sports gaming market.

Tolman, a former state legislator, faces Maura Healey, a former assistant attorney general, in the Democratic primary to be the nominee for the state’s top law enforcement spot.

The attorney general enforces state gambling laws.

“If I’m attorney general, I will look at all these issues . . . as I would any other any other issue in any other industry,” Tolman said in the TV interview.

Republican John Miller is also seeking to succeed the current attorney general, Martha Coakley, who is running for governor.

Joshua Miller can be reached at joshua.miller@globe.com. Follow him on Twitter @jm_bos.
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