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Tag Archives: daily fantasy sports

Auditor's Alarming Find: FanDuel Hemorrhaging Cash

Auditors working with daily fantasy sports giant FanDuel found the company is hemorrhaging cash at an alarming rate. It's just the latest bad news for the struggling sports operator. ... Read more
 

DraftKings Expanding to Irish and Australian Markets

DraftKings is planning a major international push with expansion into the Irish and Australian markets after its FanDuel merger tanked. But what do these markets really offer? ... Read more
 

DraftKings and FanDuel Settle with Massachusetts for $1.3 Million Each

DraftKings and FanDuel are each paying $1.3 million to the State of Massachusetts as part of a deal to address unfriendly consumer practices.The deal came right on the eve of the companies' busiest time of year. ... Read more
 

New Jersey Passes Daily Fantasy Sports Bill

New Jersey lawmakers passed a new bill that legalizes daily fantasy sports but does not categorize them as gambling. It's a big win for DraftKings and FanDuel. ... Read more
 

FanDuel Shuts Down UK-Facing Operation

FanDuel is shuttering its UK-facing operation as part of a larger effort to stay alive in the US, now that its merger dreams are dead. Will this be enough to save the beleaguered outfit? ... Read more
 

UK Gambling Commission Warns Operators About Fantasy Sports

The UK Gambling Commission is warning fantasy sports operators to be mindful of doing anything that resembles traditional sports betting. The warning clearly illustrates the challenges of doing business in fantasy sports. ... Read more
 

DraftKings and FanDuel Call Off Proposed Merger

DraftKings and FanDuel abruptly called off their proposed merger this week in a decision that seemed to come out of nowhere. What does this mean for the fate of the daily fantasy sports industry? ... Read more
 

Leaked Financials Show DraftKings and FanDuel Losing Millions

FanDuel and DraftKings are the biggest names in daily fantasy sports and are also losing tens of millions of dollars every year. Could all that loss turn out to be a gain? ... Read more
 

FTC Puts Brakes on DraftKings, FanDuel Merger

The Federal Trade Commission is blocking the proposed merger of DraftKings and FanDuel saying the mega-deal would create a DFS monopoly. This could be big trouble for the beleaguered DFS giants. ... Read more
 

DraftKings and FanDuel Merger Dreams in Serious Jeapordy

The proposed merger between DraftKings and FanDuel is under deep scrutiny from the Federal Trade Commission and could be dead in the water. What does this mean for the daily fantasy sports' giants? ... Read more
 
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