Tag Archives: Jason Robins

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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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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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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DraftKings secures $150 million in new funding ahead of NFL 2016/17

US tech news sources have revealed that Boston-based fantasy sports operator DraftKings has raised circa $150 million (£115 million), in its latest funding round. The $150 million round is reported to be led by Revolution Capital, the investment firm of AOL founder Steve Case, who is joined by US pro-sports franchise mogul Ted Leonsis, the owner of the Washington Capitals …

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Draftkings looks to widen its appeal with Private League functionalities

US daily fantasy sports operator DraftKings has announced its new product update which features the release of ‘DraftKings Leagues’. Seeking to enhance its community and attract recreational DFS consumers, DraftKings Leagues will allow players to “Create leagues for you and your friends. Play in private contests in any sport all season long and track your results in your league’s exclusive …

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Jason Robins – ‘DraftKings needs to rethink its marketing message’

Speaking to Fortune Magazine Jason Robins CEO & Co-Founder of leading US daily fantasy sports operator DraftKings has stated that his company will need to “take a second look at its advertising”. As DraftKings looks to re-secure customer confidence following a string of legal battles in the US concerning its product legality and close association with sports betting. The DFS …

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DraftKings retains Exiger as compliance advisor

DraftKings has confirmed that it will retain the services of global risk and compliance advisor Exiger. New York based Exiger is set to conduct a review of all aspects of DraftKings financial, operational, compliance, and risk controls practices, with the aim of securing and improving the operators consumer safety policies and initiatives. Its continued partnership with Exiger was welcomed by …

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Fortune Magazine features DraftKings CEO Jason Robins as October cover star

Having made the eighth sport on Fortune.com 2015’s“40 under 40” list, DraftKings CEO and Co-Founder Jason Robins (34) will be the leader profile and cover star of Fortune Magazines October issue. In a feature titled “Big Bet – How Jason Robins is blowing up the $15 billion world of fantasy sports”. Fortune magazine will cover the rise of Boston based …

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Jason Robins – DraftKings targets October UK launch

DraftKings CEO Jason Robins has stated to fantasy sports news source RotoGrinders that his company will launch UK operations in mid to late October. The fantasy sports operator enters the UK market having gained a UKGC license in August, DraftKings announced that its UK and European operations would be led by Jeffery Haas former Director of Poker for bwin.party Entertainment, …

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DraftKings enters ‘Unicorn Club’ with $300 million Series D funding

The US tech industry has branded the birth of another ‘Unicorn’ as daily fantasy sports (DFS) operator DraftKings announces that it has raised $300 million (£195 million) in series D funding. 21 Century Fox’s Fox Sports division contributed the majority of the rounds funding capital, other investors included venture capital firms Atlas Ventures, Kraft Group and Raine Group. This latest …

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