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Tag Archives: DraftKings

DraftKings Signs Sports Betting Deal with Atlantic City Casino

Daily fantasy sports operator DraftKings is entering into a deal with Atlantic City’s Resort Casino to being developing a DraftKings-branded sportsbook at the property. The deal is the culmination of New Jersey’s desire to reinvigorate Atlantic City casinos and carves out new territory for the long-struggling, but newly resurgent, DFS …

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DraftKings Sets Sights on Irish Expansion

DraftKings, the once ubiquitous US daily fantasy sports site, is looking to expand its international operations to Ireland. It’s the first major expansion announcement from the company since US regulators put the brakes on its proposed merger with its biggest rival, FanDuel. News of the proposed expansion was first reported …

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DraftKings and FanDuel Call Off Proposed Merger

The proposed merger between daily fantasy sports giants, FanDuel and DraftKings has been called off. Company officials called off the deal late Thursday but questions about the fate of both companies will be lingering for the foreseeable future. Joining the two biggest names in the daily fantasy sports world seemed …

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FTC Puts Brakes on DraftKings, FanDuel Merger

The US Federal Trade Commission (FTC) has filed suit in an effort to block the proposed merger of daily fantasy sports giants DraftKings and FanDuel. This is very bad news for the beleaguered US-facing daily fantasy sports industry. In filings associated with the lawsuit, FTC lawyers stated that their efforts …

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DraftKings and FanDuel Merger Dreams in Serious Jeapordy

The proposed merger between daily fantasy sports giants FanDuel and DraftKings could be in jeopardy because of objections from the Federal Trade Commission (FTC). It’s just the latest headache for a US-facing daily fantasy sports business that’s already fighting for its life across the nation. According to a report on …

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DraftKings Secures $100 Million in Latest Funding Round

DraftKings secured $ 100 million in investor funding this week from an investment group that’s headed by the part owner of the Los Angeles Dodgers. This latest influx of cash is great news for the troubled daily fantasy sports operator as it struggles to turn a profit and pay off …

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DraftKings and FanDuel Ready to Merge

DraftKings and FanDuel, the two biggest names in daily fantasy sports (DFS) have agreed to merge their business operations. If approved, the deal would create a DFS behemoth that controls a full 80 percent of the US market. The deal, which was announced late last week, is a desperate bid …

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Are DraftKings and FanDuel Running Out of Cash?

Are DraftKings and FanDuel finally running out of cash? That’s the suggestion being made by the New York Times, Deadspin, and other media outlets on the eve of the daily fantasy sports giants long-awaited settlement with New York State. According to a report in yesterday’s New York Times, DraftKings and …

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DraftKings Raises $153 Million in New Financing

DraftKings has completed a new round of financing from venture capitalists that totals more than $ 153 million. The new round of capital breathes some much needed life into the daily fantasy sports giant as it fights for its life in state houses across the country. Though there are believed …

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