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
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, …
Read More »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 …
Read More »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 …
Read More »FanDuel-DraftKings +80% market take-up concerns US FTC
US Tech news sources have reported that the planned merger of FanDuel and DraftKings maybe be denied by the US Federal Trade Commission (FTC), on grounds that the combination would form an outright leader with more than 80% of the daily fantasy sports market. FTC officials are reported to have shown concern that the FanDuel-DraftKings combination would lead to a …
Read More »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, …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »Eilers & Krejcik Research – A DFS 2017 Forecast
Eilers and Krejcik Research has unveiled its latest analysis of the daily fantasy sports industry with an update for 2017 which opens with the line ‘by all accounts 2016 was a challenging year for the DFS industry with some silver linings’. These are silver linings worth looking into. First though, a look back at some of the issues the industry …
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