Tag Archives: FanDuel

Paddy Power Betfair forms new US entity with FanDuel

SBC News Paddy Power Betfair forms new US entity with FanDuel

FTSE100 betting group Paddy Power Betfair (PPB), has confirmed that it will create a new US-facing subsidiary, joining forces with daily fantasy sports operator FanDuel. Updating the market this afternoon, PPB governance confirms that it will merge its Betfair US division with FanDuel’s enterprise, as the company seeks to accelerate its position within the newly opened US market. The new …

Read More »

Paddy Power Betfair appoints legal leads for FanDuel buyout

SBC News Paddy Power Betfair appoints legal leads for FanDuel buyout

FTSE100 betting group Paddy Power Betfair (PPB), has confirmed the appointment of London law firm Freshfields Bruckhaus Deringer as its lead legal advisor in its pursuit of US-facing DFS operator FanDuel. This week PPB governance confirmed industry rumours that the company was seeking to acquire New York-based DFS operator FanDuel, following the Supreme Court’s repeal of PASPA’s federal mandate. The …

Read More »

Rumour Mill: Paddy Power Betfair targets FanDuel acquisition

SBC News Rumour Mill: Paddy Power Betfair targets FanDuel acquisition

The Supreme Court’s repeal of PASPA’s federal mandate has likely triggered a further betting industry arms race, as US betting news source LegalSportsReport.com details that Paddy Power Betfair Plc (PPB) is ‘close to acquiring’ DFS operator FanDuel. Entering 2018, the governance of FTSE100 PPB stated that it was ‘reviewing all options’ for further expansion within the US market. The UK …

Read More »

Changing dynamics see NBA & MLB revise DFS investments

SBC News Changing dynamics see NBA & MLB revise DFS investments

US news sources have reported that the NBA (basketball) and MLB (baseball) leagues will move to divest their respective stakes in daily fantasy sports (DFS) operators’ DraftKings and FanDuel. In 2015 the MLB had participated in a $300 million investment round, backing DraftKings enterprise as official ‘MLB Fantasy Sports Partner’. The NBA acquired its stake in FanDuel, supporting the DFS …

Read More »

FanDuel & DraftKings revise future options for a changing US sports market

SBC News FanDuel & DraftKings revise future options for a changing US sports market

The two leading players in the US daily fantasy sports (DFS) market, FanDuel and DraftKings are reported to be assessing their future enterprise options. Last week US news source Axios detailed that New York and Edinburgh based FanDuel was in advanced discussions to ‘go public’, reviewing a potential ‘reverse merger’ with special investment vehicle Platinum Eagle Acquisition Corp. Platinum Eagle …

Read More »

DraftKings hires Sean Hurley to deliver first sportsbook property

SBC News DraftKings hires Sean Hurley to deliver first sportsbook property

Boston-based daily fantasy sports operator DraftKings has signalled its intent to diversify its services by hiring Sean Hurley as its first-ever Head of Sportsbook. Hurley joins DraftKings from betting and trading platform provider Amelco Ltd, where he most recently served as Head of Commercial operations (2017-2018), and will be tasked with delivering DraftKings’ initial online sportsbook property. Hurley will join …

Read More »

US DFS market has hit peak Draftkings & FanDuel penetration

DraftKings - Copyright: enterline / 123RF Stock Photo

A report issued by the research firm focused on servicing the gaming equipment, technology, and interactive gaming sectors, Eilers & Krejcik Gaming, outlined that the global salary-cap daily fantasy sports (DFS) market may have been completely tapped into by DraftKings and FanDuel. Throughout 2017, of the estimated $3.26 billion the industry received in entry fees around 97% of it was …

Read More »

FanDuel promotes Andy Giancamilli to COO

SBC News FanDuel promotes Andy Giancamilli to COO

Daily fantasy sports (DFS) operator FanDuel has announced the appointment of Andy Giancamilli as new Chief Operating Officer. Originally joining the firm in 2015, Giancamilli will continue with his role as Chief Financial Officer. He will oversee FanDuel’s product and product operations teams in addition to overseeing financial operations, corporate financing, and company strategy. Giancamilli said: “There is incredible momentum across …

Read More »

Change of Scene…Nigel Eccles steps down as FanDuel leader

SBC News Change of Scene...Nigel Eccles steps down as FanDuel leader

Issuing a corporate statement, New York and Edinburgh based daily fantasy sports operator FanDuel has confirmed that Co-Founder & Chief Executive Nigel Eccles will leave the company.   US tech news sources report that Eccles departs the DFS sector, to focus on a new venture within the burgeoning competitive eSports market. FanDuel governance informs that Eccles will be replaced by …

Read More »

US ambitions sees FanDuel shut down UK operations

SBC News US ambitions sees FanDuel shut down UK operations

Unfortunately, we will not be offering contests this season. We hope to be back in the future. Details: https://t.co/SrjbnizgPA. — FanDuel (@FanDuelUK) July 28, 2017 Daily fantasy sports operator FanDuel has shut down its UK-facing operations in order to focus its commercial growth in its home US market. Over the weekend FanDuel.co.uk sent emails communications to affected players informing them …

Read More »