Tag Archives: FanDuel

New York judge rules against Daily Fantasy Sports

An Albany judge has thrown the future of Daily Fantasy Sports into potential turbulence, ruling that gambling prohibitions in the state were being breached by the daily contests offered by DFS operators. The ruling contradicts that of a previous judge, who in 2016 outlined his belief that DFS sites fell under the umbrella of permitted games of skill, highlighting that …

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Betting on Sports America hits New York and New Jersey

Betting on Sports America

Betting on Sports America, the new sports betting conference and exhibition from SBC, is so big that it is spanning two states! The conference, which is being held from 23-25 April 2019, will start off in New York City, cross the Hudson River to New Jersey, before returning to Manhattan to round things off. The event will open on Tuesday …

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William Hill US enters legal battle with FanDuel over copyright allegation

William Hill US has opened legal proceedings against competing sportsbook operator FanDuel, over alleged copyright infringement relating to a betting guide at the Meadowlands racetrack. The civil complaint filed by William Hill has outlined that the ‘How to Bet Guide’ distributed by FanDuel was identical to the Hill’s guide. One of the key passages in FanDuel’s guide features the wording …

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Regulus Partners – The legitimacy of Labour’s proposals

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. UK: Politics – Watson’s reforms more elementary than barking mad Britain’s gambling stakeholders were offered a vision of regulation under a Labour government this week as the party’s deputy leader, Tom Watson …

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IGT restructures debt capacity with new $750 million secured note

New York-listed industry technology group International Game Technology (IGT Group) has moved to restructure its corporate debt structure, confirming that it has successfully placed a $750 million senior secured debt note due for 2027. The transaction sees IGT governance upsize its original debt note of $500 million, previously announced at the start of the week. Updating investors, IGT governance will …

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CBS Sports launches dedicated betting program ‘SportsLine Edge’

US sports broadcaster CBS Sports (CBS Networks) has launched its new interactive TV show ‘SportsLine Edge’, developing content for sports betting and daily fantasy sports audiences. SportsLine Edge was launched last weekend on CBS Sports HQ streaming service, in time for the start of the new NFL season. CBS Sports details that it will deliver up to eleven hours of …

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Chris Murphy: Americas Outlook – New & Old worlds will collide in the development of US betting

Four months following the repeal of PASPA, intriguing partnerships have flourished as US and European gambling enterprises form strategic alliances seeking to crack world sports’ biggest market.  Chris Murphy Editor of SBC Americas details US betting’s early movers, and why they will likely collide against old influencers… ________________ Last time we reviewed the newly regulated American sports betting market I described …

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Nigel Eccles sues Paddy Power Betfair for ‘purposely undervaluing’ FanDuel

US Tech news source Recode has reported that FanDuel enterprise co-founder Nigel Eccles (former CEO) is preparing to take Paddy Power Betfair (PPB) to court, regarding its $465 million takeover of FanDuel completed in July 2018. Eccles representatives have filed a Scottish court order against PPB, representing four of FanDuel’s enterprise co-founders; Nigel Eccles, wife Lesley Eccles (former CMO), Tom …

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Peter Jackson: PPB’s FanDuel to maintain DFS focus in US expansion

US expansion was a key theme of Paddy Power Betfair’s (PPB) corporate update on Wednesday, with the FTSE100 firm outlining its mandate to maximise the FanDuel merger and develop as a household proposition for the US sports scene. Facing increased US competition, PPB detailed that it won’t disregard the fantasy sports element of FanDuel’s offering, as the vertical enhances the …

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Paddy Power Betfair positive on performance despite facing new international realities

FTSE100 betting group Paddy Power Betfair Plc (PPB) has readjusted its full-year 2018 underlying EBITDA to be between £460 – 480 million range, detailing that its momentum will be impacted by the introduction of ‘new taxes in Australia and costs incurred by its acquisition of US fantasy sports operator FanDuel’. Despite the cost adjustments, PPB governance declares positive interim H1 …

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