Tag Archives: fanduel
- FanDuel $186M loss alarms auditors anew
October 17, 2017
The latest financial data of daily fantasy sports giant FanDuel has auditors fearing that the firm is heading down the drain. Insider.co.uk reported that FanDuel booked a $186 million pre-tax loss for the six months to December 2015 as higher finance, legal and marketing costs outweighed lower than expected revenues....
- DraftKings, FanDuel pay $2.6m to get Massachusetts off their backs
September 8, 2017
Daily fantasy sports operators DraftKings and FanDuel have agreed to pay $2.6m to resolve allegations of consumer-unfriendly practices in the state of Massachusetts. On Thursday – just hours before the kickoff of a new National Football League season – Massachusetts Attorney General Maura Healey announced that the state had reached...
- We’re back: FanDuel, DraftKings re-enter Delaware market
August 24, 2017
Daily fantasy sports giants DraftKings and FanDuel are back in the state of Delaware – just in time for the Sept. 7 NFL season kickoff. The Boston-based DraftKings and New York-based FanDuel are heading back to Delaware this Friday after House Bill 249 takes effect. Gov. John Carney’s signed enabling...
- FanDuel shut UK daily fantasy sports site to focus on US market
July 28, 2017
Daily fantasy sports operator FanDuel has shut its UK-facing site after less than a year to better focus on its core US market. On Friday, customers of FanDuel.co.uk reported receiving emails informing them that the company “will not be offering contests in the UK this season.” The operator suggested its...
- DraftKings, FanDuel daily fantasy sports merger officially toast
July 13, 2017
The proposed merger of daily fantasy sports giants DraftKings and FanDuel was officially pronounced dead on Thursday by the CEOs of both companies. Early Thursday afternoon, FanDuel CEO Nigel Eccles issued a statement saying he believed it was “in the best interest of our shareholders, customers, employees and partners to...
- FanDuel’s Eccles casts more doubt on DraftKings merger
July 12, 2017
The merger of daily fantasy sports operators DraftKings and FanDuel may not proceed due to regulatory hurdles, according to FanDuel’s chief executive. On Tuesday, Recode published an interview with FanDuel CEO Nigel Eccles in which he stated that his company was “evaluating options” that included walking away from the proposed...
Why the DraftKings & FanDuel merger may not go ahead
March 24, 2017
Maine legalizes daily fantasy sports
August 3, 2017
New Jersey formally approves daily fantasy sports
August 25, 2017