Tag Archives: FanDuel

FanDuel secures ‘greatest US betting coverage’ with Boyd Gaming alliance

New Paddy Power Betfair’s US subsidiary FanDuel has announced that it has entered a strategic partnership with multi-state casino and leisure group, Boyd Gaming Corporation. Updating the market, FanDuel is set to become the lead sports betting and online gambling services provider for Boyd Gaming, a New York-listed gambling group which is set to significantly bolsters its US land-based presence …

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Winning Post – The changing face of sports broadcasting

Perform Content - Copyright: dariy / 123RF Stock Photo

Global: sports rights – hi ho silva lining? MP & Silva has reportedly missed key payments to various rights holders (including EPL) and is in financial difficulties. MP & Silva (only fourteen years old) was once seen as one of the most successful sports rights management agencies and its potential fall signals something much bigger than corporate mismanagement. Significantly, one …

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Paddy Power Betfair confirms FanDuel merger for US expansion

Paddy Power Betfair and FanDuel have confirmed the creation of a new operator to the US market, merging its Betfair US brand with renowned daily fantasy sports operator FanDuel. The combination enriches the potential online betting experience in the US, and creates the largest online sports destination in the country, with a range of products and experiences for all sports fans. FanDuel …

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DraftKings seeks + $150m funding round to drive new betting vision

US news source Axios has reported that DFS operator DraftKings targets a further $150-200 million funding round, seeking to accelerate its US sports betting proposition. The news of DraftKings’ planned funding round, comes as the Boston-based enterprise, today confirms that it has officially filed its application for a New Jersey state sports betting license. Furthermore, this June saw DraftKings announce …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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