Wednesday, June 16, 2021

Tag: FanDuel

New York court says fantasy sports law unconstitutional

US Fantasy Sports
The New York Supreme Court has shot down the daily fantasy sports mantra that it’s more a game of skill than chance - placing it back in the penal code for prohibition.   Daily fantasy sports is once again prohibited in the state of New York, after judges ruled it had been illegally authorised by the legislature back in 2016. The abrupt...

Flutter US up 67 percent ahead of Stars takeover

Flutter US Stars Takeover
Both Flutter Entertainment and The Stars Group report strong Q3 growth as they continue embedding themselves in the US ahead of the $10bn mega-merger..

FanDuel strike data deal with MLB

FanDuel deal MLB
FanDuel, a subsidiary of Flutter Entertainment, has become the authorised gaming partner of the MLB - giving it access to the league’s official data and..

Penn National shows its hand with 32 new online skins

In potentially the last of the major casino maneouvres post-PASPA, Penn National has awarded 32 skins to four online firms across 19 states. Although the..

Chicago gambling pacts raise spectre of corruption

Chicago gambling licensing DraftKings FanDuel
As daily fantasy operators, DraftKings and FanDuel, are locked out of Illinois’s betting market - lawmakers are accused of rigging competition to support..

Illinois approves eleventh hour gambling expansion

Illinois gambling expansion approval
A concerted legislative push driven by newly-elected Governor Jay B Pritzker, saw Illinois’ spring session head into overtime, where a last minute gambling expansion..

March Madness, intercine interests and betting bungles

US Flags iGaming Bill
As Atlantic City enjoys its first shot of March Madness, West Virginia’s governor ushers its igaming bill into law, and Chicago hosts a first, albeit...

New York states DFS is not game of chance as DraftKings and FanDuel soldier on

FANTASY, LEGISLATION, dfs, DraftKings, FanDuel
DraftKings and FanDuel have maintained their offerings to New York players, after a ruling by acting Supreme Court justice Gerald Connolly on 26 October that DFS is illegal in the state. Despite a 2016 law maintaining DFS is a game of skill, Connolly overruled

FanDuel scores US DFS expansion with Boyd partnership

basketball
anDuel, the American DFS subsidiary of Paddy Power Betfair has partnered with Boyd Gaming, gaining access to the latter’s licensed market in 15 US states. Boyd, which recently signed a shared access deal with MGM Resorts International...

FanDuel, DraftKings make early strides in US betting sector

us sports betting
FanDuel’s bargain sale to Paddy Power Betfair may not have pleased its ordinary shareholders - but has given it a head start in the race for US betting contracts. Meanwhile its fantasy sports nemesis, DraftKings, is trailing close behind. The only two titans of…

Meadowlands confirms FanDuel for sportsbook branding

Sports betting
Meadowlands Racetrack has confirmed that Daily Fantasy Sports provider FanDuel will provide the sportsbook for its sports betting operations. The New Jersey race circuit, which partnered with Betfair US in June, opened ten new teller windows for sports betting…

Paddy Power Betfair looks to buy FanDuel after US sports betting ruling

American Football
Paddy Power Betfair has launched a bid for fantasy sports league company FanDuel, in the first of what is predicted to be wave of takeover interest prompted by the US Supreme Court’s legislation on sports betting. Fan Duel has an estimated 6 million users

FanDuel states play for US sports betting

fanduel
The CEO of America's 'other' daily fantasy sports operator says if the Supreme Court opens the door to sports betting in the US, FanDuel wants a piece of the action. Speaking to Forbes, FanDuel's boss Matt King said: “This business is around fan engagement and helping fans feel closer to the things they like, and clearly sports betting is one...

Launchpad to nurture visionary start-ups at EiG

EiG XPG
Start-up iGaming businesses have until 22 September to submit their entries to the 2017 EiG Launchpad competition which is being organised in partnership with Clarion's Technology Partner, GamCrowd.   The Dragon’s Den style competition, which has become a talking point of EiG, features up to five selected start-ups, who pitch their companies live to a panel of judges from the investment...

DraftKings eye opening in Ireland’s DFS market

The American daily fantasy sports enterprise have announced they are planning on opening their services in Ireland before the end of the year. DraftKing’s plans were reported merely weeks after their merger with FanDuel was snubbed by the Federal Trade Commission over claims that it would destroy competition in the US DFS market. Jeffrey Haas, DraftKings’ chief international officer, told the...

DFS titans call time on ambitious merger bid

BBi - DraftKings FanDuel DFS merger
The two giants of daily fantasy sports, FanDuel and DraftKings, retreat from their proposed merger amidst enduring opposition from competition watchdogs and escalating legal costs.   Daily fantasy sports duopolies, DraftKings and FanDuel, have ceded their plans to merge after unwavering opposition from US competition authorities. The deal, which would have seen one entity corner more than 90 percent of the burgeoning...

FTC moves against DraftKings FanDuel merger

BBI - FTC Draftkings Fanduel
The proposed merger between Daily Fantasy Sports giants DraftKings and FanDuel hit its first major snag last month as the US’ Federal Trade Commission (FTC) took steps to block the move.   In an official release announcing its decision, the FTC pointed to the fact that a merger between the two DFS operators would result in a single business cornering 90...

DraftKings secures $153m venture capital investment boost

Fantasy Sports
DFS giant DraftKings has finalised $153m worth of investment deals with a range of backers ahead of the NFL season, but sources say the company’s value has dropped dramatically since 2015.   Major DFS operator DraftKings has allegedly managed to secure an additional $153m in venture capital funding – just in time for the opening games of high-profile America’s NFL season. Part...

Maryland drafts consumer protection rules for DFS operators

Betting Business, Maryland, DFS
Daily Fantasy Sports operators have welcomed new regulatory plans in Maryland which will see a range of fresh consumer protections for DFS players put in place.   New proposals set out by comptroller Peter Franchot include age limits for DFS participants, a ban on third-party scripts, rules forbidden DFS employees to take part in the games and a system of demarcation...

New York governor signals green light for DFS

Daily Fantasy Sports
Governor Andrew Cuomo has given the all-clear for Daily Fantasy Sports operators to resume their operations in the state with a new bill that defines the activity as a game of ‘skill’ rather than ‘chance.'   New York has become the latest state to legalise Daily Fantasy Sports after lawmakers signed a bill defining the activity as a ‘game of skill’. Governor...

FanDuel introduces ‘Bill of Rights’, overhauls website and logo

Bill DFS FanDuel Regulation
As regulation continues to tighten in the US, DFS operator FanDuel has announced a series of new player protection measures as well as a major rebrand for its logo and digital channels.   Daily Fantasy Sports (DFS) operator FanDuel has completed a major rebrand of its website and logo as the company prepares to launch a new season-long product later this...

Merger between FanDuel and DraftKings ‘incredibly unlikely’ under US law

Jason Robins DraftKings FanDuel Merger Fantasy Sport
The two largest daily fantasy sports operators are considering a ‘safety in numbers’ approach against the current regulatory onslaught in America - but legal experts say that US competition laws could be an impossible hurdle to overcome.   Legal experts have weighed in after it emerged that daily fantasy sports giants FanDuel and DraftKings were in talks over a merger, stating...

DFS operators scoop a licence-free ride in Mississippi

DFS Daily Fantasy Sports Mississippi
Mississippi legislators last month passed a new bill that will allow Daily Fantasy Sports companies like FanDuel and DraftKings to operate freely in the state without needing a licence. Governor Phil Bryant finally signed SB 2541 - originally titled the ‘Fantasy Contests Act’ - last month after a lengthy tug of war between the Senate and the House of Representatives...

Congress DFS debate could open doors for US sports betting

Frank Pallone DFS Debate
While the congressional hearing on DFS was hampered by the lack of participation by leading players in the industry it offered a faint glimmer of hope for the legalisation of sports betting at a national level. Seven months after DraftKings and FanDuel were originally caught up in insider trading allegations, the US Congress has finally shone a spotlight on the...

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