Tag Archives: DraftKings

Eilers & Krejcik Research – A DFS 2017 Forecast

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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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FanDuel & DraftKings stakeholders agree on merger

Tech business news sources are reporting that leading US daily fantasy sports operators FanDuel and DraftKings are reaching a conclusive agreement with regards to a merger. Since October, the governances of the DFS operators have been in ‘fast track’ discussions with regards to creating an outright market-leading enterprise. On Wednesday, former ‘Fortune’ finance editor Dan Primack revealed that according to …

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Elie Steinbock and Sam Guigui – Draft Fantasy – Shattering perceptions

Sam Guigui is the COO at Draft Fantasy, a Premier League daily fantasy operator which was set up with partner Elie Steinbock, Founder and CEO, who spied a gap in the fantasy market. We caught up with the pair of them to discuss regulation, why they think there’s space to compete and that the scene will keep evolving, Honolulu and marketing …

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FanDuel & DraftKings fast track merger plans

US tech news sources are reporting that FanDuel and DraftKings are fast tracking merger plans, with their corporate governances ‘hammering out’ combined enterprise details for stakeholders and investors.   Last weekend, news broke that FanDuel and DraftKings governances had entered initial merger negotiations. Nevertheless, industry commentators quickly pointed to the pairs’ fraught relationship following years of hostile battle for outright …

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FanDuel & DraftKings heading towards imminent merger

US tech news sources have reported that fierce daily fantasy sports (DFS) rivals FanDuel and DraftKings are heading towards an ‘imminent’ merger. Following a tough year of legal and regulatory battles for both operators, it has been reported this weekend that the leaderships of both firms are studying a potential merger to fully takeover the US DFS market. A FanDuel-DraftKings …

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DraftKings and FanDuel must pay $12m for deceptive advertising in NY

Don’t mess with the NY general attorney’s office was the lesson from last night as the details of the settlement agreed with DFS operators FanDuel and DraftKings were revealed. A total of $12m (£9.8m), with an even split of $6m (£4.9m) from each, was the fee for the daily fantasy heavyweights for deceptive advertising practices employed by them last year.   …

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