Tag: Jason Robins

DraftKings: SBTech acquisition flips our largest cost on its head

DraftKings SBTECH cost
DraftKing’s acquisition of European sportsbook supplier SBTech will turn one of the firm’s largest overheads into an international “profit centre” says..

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...

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...