Casino operator Bally's buys daily fantasy sports operator Monkey Knife Fight, while rival Caesars takes stake in SuperDraft.
Highly popular in the US for the past several years, daily fantasy sports gambling is gaining significant traction across Europe.
An official announcement about the deal is expected to be released September 8.
Now that the tax rules for daily fantasy sports activity have been established, it’s time to take things to the next level.
PrizePicks reaches out for funding, grabs $850,000 from the poker pro and several other angel investors.
DraftKings' stock price soars after its first earnings report as a public company, despite company falling short of analysts forecasts.
The two gaming companies are accused of predatory activity that “knowingly” allowed casual players to lose to professionals.
New York Supreme Court decision exposes the Achilles’ heel of US gaming law.
A state appellate judge has determined that fantasy sports contests are illegal
The sports gambling company needs to tighten its belt and start increasing profits before it launches its IPO later this year.