Daily fantasy sports giant DraftKings is bucking months of bad news about spiraling revenues and corporate layoffs with by moving into a shiny new corporate headquarters and hiring hundreds of new employees. The move is part of a larger effort to expand the company's media production capabilities and, maybe, expand into the world of regulated…
FanDuel CEO Nigel Eccles is leaving the company almost eight years after he helped to found it and put daily fantasy sports on the worldwide gaming radar. Eccles' exit comes at a time when the controversial company is both mired in legal battles and, according their own reports, is nearing its first profitable quarter. Word…
Auditors looking at the financials of daily fantasy sports operator FanDuel are finding that the company is losing money at an alarming rate. Their findings are just the latest in a string of bad news reports that have dogged the once high flying sports operator. According to published reports on insider.co.uk and CalvinAyre.com, auditors from…
DraftKings is planning a major expansion of its international markets to include operations in both Ireland and Australia, according to a report on Legal Sports Report. This marks the company’s first big push into foreign markets since its proposed merger with rival FanDuel collapsed earlier this year. Company officials pointed to the large numbers of…
DraftKings and FanDuel have struck a deal with the Massachusetts Attorney General that will allow them to operate in the state, despite claims that they've engaged in unfair consumer practices. As part of the arrangement, each company will pay out a $1.3 million fine and accept certain changes to their business practices in the state.…
The State of New Jersey has just added daily fantasy sports to its roster of legal, regulated games. Under a new law signed by Governor Chris Christie on Thursday afternoon, the controversial game will be regulated by the state’s Division of Consumer Affairs and not by the Division of Gaming Enforcement. This is a big…
FanDuel is shutting down its UK-facing operation as it prepares to fight for its life in the chaotic US daily fantasy sports market. The move is a good indication of how desperate the situation is at the company, now that its dreams of merging with rival DraftKings have been put on ice by US regulators.…
The UK Gambling Commission has a word of warning for fantasy football operators: don't do anything that even resembles traditional sports betting if you want to keep your license. It's a warning that illustrates the challenges fantasy sports and daily fantasy sports operators face as they market a product that, increasingly, has trouble presenting itself…
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 like a plausible, even a…
Everyone knows that FanDuel and DraftKings are the biggest names in the daily fantasy sports business. But there's something else that investors looking to finance the companies are told on a regular basis...both companies are losing piles of cash every quarter. Word of the cash hemorrhaging from the companies came in the form of a…
News in the iGaming and Sports Betting affiliate world moves fast.
Don't miss a beat! Subscribe to the CAP newsletter now.
