Tag Archives: FanDuel

New Jersey Congressman Frank Pallone has urged for a congressional hearing to review the legality of fantasy sports operators targeting US consumers. Pallone who supported New Jersey’s failed attempt to legalise sports betting in licensed gambling premises (casinos and racetracks), told US news sources that there appears to be little difference between sports wagering and popular fantasy sports products. “Fans …

Fantasy sports operator FanDuel continues its operational expansion with the acquisition of US sports data and analysis provider numberFire. Detailing the acquisition of the data provider to technology news source Techcrunch.com, FanDuel CEO Nigel Eccles commented that the buy would help FanDuel pursue targets beyond the US daily fantasy sports. numberFire data provisions will be integrated into FanDuel’s fantasy sports …

Following last week’s announcement of its $275 million Series E venture round funding, daily fantasy sports (DFS) operator FanDuel has confirmed the acquisition of Scottish app development studio KotiKan. FanDuel who stated that it would use its raised funds to further develop in-house development and delivery competencies, acquired the Edinburgh based mobile development studio who have worked on FanDuel mobile …

Leading daily fantasy sports operator FanDuel has been valued at $1 billion, following its latest venture capital ‘Series E’ round of $275 million. The investment round was led by Venture Capitalist firm  Kohlberg Kravis Roberts (KKR), technology news sources report that new FanDuel investors include Time Warner and Google Capital (Source: Crunchbase). The $275 million comes less than 12 months …

Gambling  industry legal expert David Clifton, examines the fast growing US daily fantasy sports market, and considers whether Europe’s diverse regulatory conditions will allow for fantasy sports to gain  traction and new market entry Fantasy sports have exploded in a big way in the US. My inbox seems saturated with emails informing me that this is the fastest growing segment …

Daily fantasy sports operator FanDuel is set to expand its product development and delivery capabilities by employing a further 200 software specialists for its new Glasgow city offices. In December 2014, the Edinburgh founded operator announced that it would open a new development office in Glasgow City Centre. The fast growing company has doubled its Scottish workforce in the past …

US business and technology news sources have reported that Walt Disney Co (Disney) has backed away from its proposed $250 million investment in daily fantasy sports operator DraftKings. Disney will continue its partnership with DraftKings by providing exclusive fantasy sports content through its sports media network ESPN. DraftKings management stated that the operator was pleased to continue its partnership with …

Furthering its presence in the US sports market, daily fantasy sports operator FanDuel has announced that it has agreed an exclusive 4 year partnership with the NBA. As part of the high coverage agreement, the NBA will gain an equity stake in FanDuel, who are currently valued at $1 billion by venture analysts. FanDuel CEO and Co-Founder Nigel Eccles commented …

US daily fantasy sports operator Draftkings, continues its high level marketing expansion with the conformation of a multi-year marketing agreement with New York sports and entertainment venue Madison Square Garden Co. DraftKings will displace rival operator FanDuel as official fantasy sports partner of Madison Square Garden (MSG). The partnership will see the DaftKings brand promoted throughout the MSG venue, the …

Leading daily fantasy sports operator FanDuel has reportedly hired the majority of social gaming operator Zynga’s defunct social sports gaming and fantasy sports division Zynga Sports365. As part of its ongoing corporate re-structure Zynga announced that it would look to cut some 300 jobs (17% of workforce). The firm further confirmed that it would no longer support in its social …