Tag Archives: DraftKings

No Go! FanDuel & DraftKings pull out of merger

SBC News No Go! FanDuel & DraftKings pull out of merger

The governances of leading US daily fantasy sports operators’ FanDuel and DraftKings have issued statements confirming that their planned merger has been called off. The prospects of creating an ‘outright DFS market leader’ had hit a roadblock last June when the US Federal Trade Commission (FTC) detailed that it could not recommend the FanDuel-DraftKings merger as the combination would control …

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FanDuel evaluating ‘all options’ on DraftKings merger

SBC News FanDuel evaluating 'all options' on DraftKings merger

US Tech news sources are reporting that FanDuel governance is ‘evaluating its position’ with regards to its planned merger with main DFS market rival DraftKings. Last June the US Federal Trade Commission (FTC) blocked the combination of FanDuel-DraftKings on the grounds that a merged enterprise would control ‘+90% of the US fantasy sports market’, creating unfair business conditions for consumers, …

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DraftKings nets Official Fantasy Partner status of EuroLeague Basketball

SBC News DraftKings nets Official Fantasy Partner status of EuroLeague Basketball

Euroleague Basketball announced a new partnership this week which saw DraftKings become the Official Fantasy Partner for the Turkish Airlines EuroLeague. DraftKings will bring its expertise on board in order to help the EuroLeague Fantasy Challenge undergo a makeover and offer fans several new fantasy games and opportunities in both the EuroLeague and 7DAYS EuroCup. DraftKings is of course well versed as a …

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US FTC moves to block FanDuel-DraftKings merger

SBC News US FTC moves to block FanDuel-DraftKings merger

The US Federal Trade Commission (FTC) has dealt a severe blow for the planned merger of leading daily fantasy sports operators FanDuel and DraftKings, filing an official lawsuit against the formation of a new company. Last week, US Tech news sources reported that FTC officials may have concerns on the combination of FanDuel-DraftKings, which would see one player takeover a …

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Paddy Power Betfair gains US DFS presence with $48 million acquisition of DRAFT mobile

SBC News Paddy Power Betfair gains US DFS presence with $48 million acquisition of DRAFT mobile

In a move to expand its corporate footprint within the US market, FTSE100 betting firm Paddy Power Betfair (PPB) has confirmed that it has agreed to acquire US mobile-focused fantasy sports operator DRAFT for a deal valued at $48 million (£37 million). Entering the US DFS market, PPB will initially pay $19 million for all DRAFT related assets and resources, …

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Willkommen DFS…DraftKings launches in Germany

SBC News Willkommen DFS...DraftKings launches in Germany

Continuing its planned European market expansion, US daily fantasy sports (DFS) operator DraftKings has launched its services in Germany. The DFS operator enters the German sports market, through its recently secured Malta Gaming Authority (MGA) ‘Controlled Skill Games Licence’ which was granted to DraftKings operations this March. Having officially launched its DFS services within the UK betting market in H1 …

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DraftKings raises further $100 million through Eldridge Industries LA

SBC News DraftKings raises further $100 million through Eldridge Industries LA

Bloomberg USA has reported that daily fantasy sports (DFS) operator DraftKings has raised a further $100 million (£84 million) in venture financing led by Los Angeles VC fund Eldridge Industries. The  VC fund which is headed-up by Los Angeles Dodgers MLB franchise owner Todd Boehly joins DraftKings’ portfolio of 17 core investors (https://www.crunchbase.com/organization/draftkings#/entity ) To date, DraftKings has raised approximately …

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Long live the DraftKings of Europe

SBC News Long live the DraftKings of Europe

DraftKings recently became one of the first DFS operators to secure a Maltese Controlled Skill Gaming licence.  It didn’t take long for the company to reveal its European plans for 2017 either with a German launch planned for Q1. The operator entered the UK space around a year ago and the mega merger with FanDuel is expected to be fully …

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