Tag Archives: DraftKings

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 …

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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

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

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

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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Eilers & Krejcik Research – A DFS 2017 Forecast

Copyright: sutichak / 123RF Stock Photo

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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Trump boosts prospect of legalised sports betting in the US

sports betting - Copyright: actionsports / 123RF Stock Photo

The President of the American Gaming Association (AGA) has expressed his belief that Donald Trump taking office could lead to a repeal of federal law barring sports betting in most US states. Speaking in his year-end conference call, Geoff Freeman referenced Trump’s appearance on the Fox Sports show a year ago, in which the incoming US president made the following comments …

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Riccardo Mittiga: DraftKings and FanDuel merger opens doors

Last week’s merger between DFS giants DraftKings and FanDuel was the first major piece of consolidation in the fantasy sports arena. But what are the implications in Europe? Riccardo Mittiga, CEO of ASAP ITALIA and founder of DFS operation Sportito believes that there are huge opportunities now for a nimble operator. SBC: DraftKings and FanDuel have finally merged – was …

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Juniper study predicts DFS consumer spend will double by 2021

A new study from Juniper Research has predicted that consumer spend on daily fantasy sports (DFS) will double from $2.6 billion in 2016 to $5.3 billion by 2021. Juniper also anticipates that FanDuel and DraftKings, two companies that were referenced in the study and represent a combined 90% market share, will merge imminently to consolidate their dominance. North America continues …

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Premier Punt takes crowdfunding approach for £200,000 development

Premier Punt, the Aberdeen based DFS (Daily Fantasy Sports) challenger, has turned to the crowdfunding site Seedrs in a bid to raise £200,000 in funding for product development. The firm, which has been shortlisted for next month’s SBC Awards in the category of Best Fantasy Sports Product, made the jump from a web-based game to a soft launch of its …

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