Tag Archives: DraftKings

Rumour Mill: Kindred Group eyes DraftKings for instant US entry

Seeking to gain an instant foothold within the US sports betting market, Stockholm-listed European online gambling operator Kindred Group Plc is reported to be eyeing DraftKings as its next acquisition target. This weekend, US betting news source LegalSportsReport.com (LSR) reported Kindred governance’s interest in acquiring ‘big 2’ daily fantasy sports operator DraftKings. Kindred’s rumoured interest in DraftKings, follows last month’s …

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Changing dynamics see NBA & MLB revise DFS investments

US news sources have reported that the NBA (basketball) and MLB (baseball) leagues will move to divest their respective stakes in daily fantasy sports (DFS) operators’ DraftKings and FanDuel. In 2015 the MLB had participated in a $300 million investment round, backing DraftKings enterprise as official ‘MLB Fantasy Sports Partner’. The NBA acquired its stake in FanDuel, supporting the DFS …

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DraftKings gears up for full Australia launch

Leading daily fantasy sports operator DraftKings has launched its Australian enterprise, continuing its corporate expansion beyond its home US marketplace. Planning to fully launch its Australian DFS product during Q2 2018, DraftKings will operate under a Northern Territory Racing Commission – NTRC license. At present, DraftKings leadership remains quiet with regards to its upcoming Australian DFS proposition, and what sports …

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DraftKings seeks partners for US betting expansion

US daily fantasy sports operator DraftKings is reported to be seeking casino and leisure partners, with a view to expanding its future sports betting proposition. DraftKings leadership seeks to gain a competitive advantage over potential US market incumbents, as the Supreme Court reviews the repeal of federal PASPA provisions. This February, DraftKings declared its statement of intent on becoming a …

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FanDuel & DraftKings revise future options for a changing US sports market

The two leading players in the US daily fantasy sports (DFS) market, FanDuel and DraftKings are reported to be assessing their future enterprise options. Last week US news source Axios detailed that New York and Edinburgh based FanDuel was in advanced discussions to ‘go public’, reviewing a potential ‘reverse merger’ with special investment vehicle Platinum Eagle Acquisition Corp. Platinum Eagle …

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DraftKings hires Sean Hurley to deliver first sportsbook property

Boston-based daily fantasy sports operator DraftKings has signalled its intent to diversify its services by hiring Sean Hurley as its first-ever Head of Sportsbook. Hurley joins DraftKings from betting and trading platform provider Amelco Ltd, where he most recently served as Head of Commercial operations (2017-2018), and will be tasked with delivering DraftKings’ initial online sportsbook property. Hurley will join …

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US DFS market has hit peak Draftkings & FanDuel penetration

DraftKings - Copyright: enterline / 123RF Stock Photo

A report issued by the research firm focused on servicing the gaming equipment, technology, and interactive gaming sectors, Eilers & Krejcik Gaming, outlined that the global salary-cap daily fantasy sports (DFS) market may have been completely tapped into by DraftKings and FanDuel. Throughout 2017, of the estimated $3.26 billion the industry received in entry fees around 97% of it was …

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Change of Scene…Nigel Eccles steps down as FanDuel leader

Issuing a corporate statement, New York and Edinburgh based daily fantasy sports operator FanDuel has confirmed that Co-Founder & Chief Executive Nigel Eccles will leave the company.   US tech news sources report that Eccles departs the DFS sector, to focus on a new venture within the burgeoning competitive eSports market. FanDuel governance informs that Eccles will be replaced by …

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DraftKings steps into the World of live sports streaming

Sports-tech and media company, DraftKings has announced it is venturing into the world of live sports streaming through its newly-formed partnership with Euroleague Basketball. As a result of the deal, customers will be able to stream selected Turkish Airlines EuroLeague basketball games directly through their DraftKings mobile app, as well as utilising both fantasy contests and live content. The announcement …

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Sports betting ban “tramples on state sovereignty” says attorney general

Copyright: zimmytws / 123RF Stock Photo

Texas Attorney General Ken Paxton has described the US federal sports betting ban as unconstitutional, in a statement published by the American Sports Betting Coalition (ASBC). The comments were made in relation to the state of New Jersey’s Supreme Court betting case, in which the state is attempting to partially repeal laws under the federal Professional and Amateur Sports Protection …

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