The governances of leading US daily fantasy sports operators’ FanDuel and DraftKings have issued statements confirming that their planned merger has been called off. The prospects of creating an ‘outright DFS market leader’ had hit a roadblock last June when the US Federal Trade Commission (FTC) detailed that it could not recommend the FanDuel-DraftKings merger as the combination would control …
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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 …
Read More »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 …
Read More »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 …
Read More »DFS operator FanDuel lands in the UK
The much anticipated FanDuel DFS product for the UK market has now been announced and launched by the operator. The fantasy sports operator, which launched in Edinburgh in 2009 and took the States by storm, has now gone live with its product created exclusively for the UK’s football fans. There is an initial focus on the Premier League, and it will be available to …
Read More »FanDuel waits on UK license approval for August launch
FanDuel have confirmed that they are working towards a target date for launch in the UK, but stressed that ‘the date is not set in stone and still provisional’. The company already have a license to operate remote gambling software but are still waiting on approval for their UK license application. As reported on CalvinAyre.com, FanDuel CEO Nigel Eccles told Bloomberg last …
Read More »eSports 2015 SBC report – Part 2
Following Part 1’s assessment of the key occurrences in the eSports industry from a business perspective in the opening six months of 2015, here’s more of the same for the latter part of the year. August Ashton Kutcher became the latest high profile investor in eSports as he joined billionaire Mark Cuban in investing in Unikrn. Kutcher has a successful …
Read More »FanDuel CEO Nigel Eccles calls for regulation of DFS
Writing an open letter to the media and DFS consumers, Nigel Eccles CEO and Co-founder of FanDuel has called for the US federal government to begin to regulate the industry. Eccles who leads FanDuel operations from New York and Edinburgh, stated that government intervention was the only way to ensure consumer trust and protection in the DFS market. In his …
Read More »FanDuel enters eSports markets with acquisition of AlphaDraft
Leading daily fantasy sports operator, FanDuel, has announced that it has acquired the premier eSports platform, AlphaDraft. This is FanDuel’s first foray into the world of eSports, and another example of how the two industries of eSports and fantasy sports are merging ever closer. Earlier this week it was revealed that DraftKings, who plan to launch in the UK in …
Read More »FanDuel acquires US sports data provider numberFire
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 …
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