Tag Archives: FanDuel

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 …

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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 …

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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 …

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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 …

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No Go! FanDuel & DraftKings pull out of merger

The governances of leading US daily fantasy sports operators’ FanDuel and DraftKings have issued statements confirming that their planned merger has been called off. The prospects of creating an ‘outright DFS market leader’ had hit a roadblock last June when the US Federal Trade Commission (FTC) detailed that it could not recommend the FanDuel-DraftKings merger as the combination would control …

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FanDuel evaluating ‘all options’ on DraftKings merger

US Tech news sources are reporting that FanDuel governance is ‘evaluating its position’ with regards to its planned merger with main DFS market rival DraftKings. Last June the US Federal Trade Commission (FTC) blocked the combination of FanDuel-DraftKings on the grounds that a merged enterprise would control ‘+90% of the US fantasy sports market’, creating unfair business conditions for consumers, …

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FanDuel-DraftKings +80% market take-up concerns US FTC

US Tech news sources have reported that the planned merger of FanDuel and DraftKings maybe be denied by the US Federal Trade Commission (FTC), on grounds that the combination would form an outright leader with more than 80% of the daily fantasy sports market. FTC officials are reported to have shown concern that the FanDuel-DraftKings combination would lead to a …

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Paddy Power Betfair gains US DFS presence with $48 million acquisition of DRAFT mobile

In a move to expand its corporate footprint within the US market, FTSE100 betting firm Paddy Power Betfair (PPB) has confirmed that it has agreed to acquire US mobile-focused fantasy sports operator DRAFT for a deal valued at $48 million (£37 million). Entering the US DFS market, PPB will initially pay $19 million for all DRAFT related assets and resources, …

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DraftKings raises further $100 million through Eldridge Industries LA

Bloomberg USA has reported that daily fantasy sports (DFS) operator DraftKings has raised a further $100 million (£84 million) in venture financing led by Los Angeles VC fund Eldridge Industries. The  VC fund which is headed-up by Los Angeles Dodgers MLB franchise owner Todd Boehly joins DraftKings’ portfolio of 17 core investors (https://www.crunchbase.com/organization/draftkings#/entity ) To date, DraftKings has raised approximately …

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Eilers & Krejcik Research – A DFS 2017 Forecast

Copyright: sutichak / 123RF Stock Photo

Eilers and Krejcik Research has unveiled its latest analysis of the daily fantasy sports industry with an update for 2017 which opens with the line ‘by all accounts 2016 was a challenging year for the DFS industry with some silver linings’.  These are silver linings worth looking into. First though, a look back at some of the issues the industry …

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