Flutter Entertainment has announced that it has won a New York arbitration against Rupert Murdoch’s FOX Corporation related to the ownership terms and valuation of FanDuel. The FTSE100 gambling group has settled its 18-month legal dispute against the US media network that had initiated an arbitration on the terms of its option to acquire an 18.6% stake in FanDuel and …
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Paddy Power, the son of the owner of the bookmaker-of-the-same-name David Power, has raised over €500,000 in crowdfunding for his American SportZ Exchange (ASX) sports trading platform. The ASX project was founded in 2019 whilst a beta version was launched in 2020, and will function as a ‘stock market’ for sports, combining fantasy sports and financial markets, enabling fans to …
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Paddy Power, the son of David Power, founder of the eponymous Irish bookmaker, has announced plans to launch a ‘sports trading’ platform, American SportZ Exchange (ASX), according to the Irish Independent. ASX will operate from Ireland but target the burgeoning US sports betting market, and will be initially financially supported as a startup via a €500,000 crowdfunding campaign using the …
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As esports continues to engage new audiences, traditional broadcasters such as FOX and BT Sport have begun to optimise competitive gaming events such as Virtual F1 and eNASCAR in order to diversify their content. Allan Hvid, Head of Esports and Football for TV 2 in Denmark, spoke at ESI’s Digital Summit, highlighting new dynamics between esports and traditional broadcasters in securing …
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Hosting a special conference call, Rafi Ashkenazi Chief Executive of The Stars Group Inc, has detailed further insights and arrangements related to the firm’s announced joint venture ‘FOX Bet’, partnering with US national broadcaster FOX. Securing a 25-year commercial agreement, the Stars Group will act as lead sports betting and igaming services provider for the FOX Corporation. “This partnership gives …
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Speculation and rumour are rife in the world of media and entertainment, as Rupert Murdoch controls the destiny of warring US giants Comcast and Walt Disney Co. Last week UK Culture Secretary Matt Hancock delivered the UK government’s long-awaited verdict to allow Murdoch’s 21st Century Fox to acquire European digital broadcaster Sky Plc for £12 billion. Hancock and DCMS have …
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Global media has been shaken up by the news that Rupert Murdoch is preparing to sell 21st Century Fox and Fox Entertainment’s 39% stake in Sky UK to rival Walt Disney Co for a reported $60 billion deal (£45 billion). All eyes will be placed on today’s New York Stock Exchange opening, when Disney leaders are expected to present the …
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Tuesday’s dismal defeat at the hands of Trinidad and Tobago, meant that the United States Men’s National Team failed to qualify for the World Cup for the first time since 1986. Whilst the poor performances of Bruce Arena’s side will have caused widespread disappointment amongst US Soccer fans, the devastation will be elevated for executives at 21st Century Fox, who …
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Following the landmark deal between ESL and Microsoft, console based esports received some more good news after it was announced that Fox Sports will broadcast the FIFA Interactive World Cup. The esports tournament has a purse of $20,000 (£13,895) and will see 32 grand finalists battle it out over three days to be crowned champion and the title of best FIFA …
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Concerns are mounting in the US regarding the increased coverage and promotion of daily fantasy sports (DFS) products throughout national TV broadcast networks. US sports viewers have witnessed a surge in advertisements promoting DFS brands in the build up to the start of the NFL 2015/16 season (start date 10 September). Labelled as a key operating period for the sector, …
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