Tag Archives: FanDuel

New York-listed industry technology group International Game Technology (IGT Group) has moved to restructure its corporate debt structure, confirming that it has successfully placed a $750 million senior secured debt note due for 2027. The transaction sees IGT governance upsize its original debt note of $500 million, previously announced at the start of the week. Updating investors, IGT governance will …

US sports broadcaster CBS Sports (CBS Networks) has launched its new interactive TV show ‘SportsLine Edge’, developing content for sports betting and daily fantasy sports audiences. SportsLine Edge was launched last weekend on CBS Sports HQ streaming service, in time for the start of the new NFL season. CBS Sports details that it will deliver up to eleven hours of …

Four months following the repeal of PASPA, intriguing partnerships have flourished as US and European gambling enterprises form strategic alliances seeking to crack world sports’ biggest market.  Chris Murphy Editor of SBC Americas details US betting’s early movers, and why they will likely collide against old influencers… ________________ Last time we reviewed the newly regulated American sports betting market I described …

US Tech news source Recode has reported that FanDuel enterprise co-founder Nigel Eccles (former CEO) is preparing to take Paddy Power Betfair (PPB) to court, regarding its $465 million takeover of FanDuel completed in July 2018. Eccles representatives have filed a Scottish court order against PPB, representing four of FanDuel’s enterprise co-founders; Nigel Eccles, wife Lesley Eccles (former CMO), Tom …

US expansion was a key theme of Paddy Power Betfair’s (PPB) corporate update on Wednesday, with the FTSE100 firm outlining its mandate to maximise the FanDuel merger and develop as a household proposition for the US sports scene. Facing increased US competition, PPB detailed that it won’t disregard the fantasy sports element of FanDuel’s offering, as the vertical enhances the …

FTSE100 betting group Paddy Power Betfair Plc (PPB) has readjusted its full-year 2018 underlying EBITDA to be between £460 – 480 million range, detailing that its momentum will be impacted by the introduction of ‘new taxes in Australia and costs incurred by its acquisition of US fantasy sports operator FanDuel’. Despite the cost adjustments, PPB governance declares positive interim H1 …

New Paddy Power Betfair’s US subsidiary FanDuel has announced that it has entered a strategic partnership with multi-state casino and leisure group, Boyd Gaming Corporation. Updating the market, FanDuel is set to become the lead sports betting and online gambling services provider for Boyd Gaming, a New York-listed gambling group which is set to significantly bolsters its US land-based presence …

Global: sports rights – hi ho silva lining? MP & Silva has reportedly missed key payments to various rights holders (including EPL) and is in financial difficulties. MP & Silva (only fourteen years old) was once seen as one of the most successful sports rights management agencies and its potential fall signals something much bigger than corporate mismanagement. Significantly, one …

Paddy Power Betfair and FanDuel have confirmed the creation of a new operator to the US market, merging its Betfair US brand with renowned daily fantasy sports operator FanDuel. The combination enriches the potential online betting experience in the US, and creates the largest online sports destination in the country, with a range of products and experiences for all sports fans. FanDuel …

US news source Axios has reported that DFS operator DraftKings targets a further $150-200 million funding round, seeking to accelerate its US sports betting proposition. The news of DraftKings’ planned funding round, comes as the Boston-based enterprise, today confirms that it has officially filed its application for a New Jersey state sports betting license. Furthermore, this June saw DraftKings announce …