Floyd will beat him up so badly, they’ll stop the fight. -Conor McGregor’s sparring partner Chris van Heerden |
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20th June 2017 | SHARE THIS | ||
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The Story | |||
The US Federal Trade Commission (FTC) has filed a complaint that will block the proposed merger of daily fantasy sports operators DraftKings and FanDuel. |
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Why is the FTC being such a cockblocker? |
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The FTC claimed that the combined entity of the two companies would result to the control of over 90% of America’s DFS market. Tad Lipsky, acting director of the FTC’s Bureau of Competition, said that the merger “would deprive customers of the substantial benefits of direct competition” between the two DFS giants. |
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The two companies are not having it. |
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In a joint statement, DraftKings CEO Jason Robins and FanDuel CEO Nigel Eccles expressed their disappointment with the FTC action and that they may likely ask federal courts for an injunction to block the FTC’s action. |
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The FTC’s theory seems far-fetched. |
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While the two companies have enlarged the DFS player pool, neither company is believed to be profitable due to the costly marketing wars they have waged against each other. With the FTC’s complaint, DraftKings and FanDuel will continue to operate as separate companies at least through the upcoming NFL season. |
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Takeaway |
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The hiccup in the merger of the two companies will only mean that they have to find other sources to finance their operations. |
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Product Profile - Tapbox | |||
In this interview with Stephanie Raquel, Jekabs Endzins of Tapbox explains why self-service terminals are getting more popular to players. |
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Macau gaming tax revenue reached $4.64B in Jan-May 2017 | |||
The gross gaming revenues of Macau integrated resorts have grown 15.8 percent to MOP106.38 billion (US$13.25 billion) during the first five months of 2017. |
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Diamond Fortune Holdings breaks ground on Russian casino project | |||
A year since Diamond Fortune Holdings unveiled its plans to build Selena, a $900 million resort casino in the Primorye gaming zone, the casino operator has finally broken ground on its new project. |
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NFL settles with kids’ charity over gambling policy lawsuit | |||
The ‘No Fun League’ has reached a settlement with a children’s charity that filed a lawsuit against the league last year. |
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The four kings in a standard deck of cards represent famous "kings" in history. They include King of Hearts (King Charlemagne), King of Diamonds (Julius Caesar), King of Clubs (Alexander the Great) and The King of Spades (King David of biblical fame). |
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While you may be too focused on finding the latest trends to improve your product, don’t lose sight on what makes your product work. Know what your customers want and the aspects of the product that they enjoy. |
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Clarion named ‘Most Respected Company of the Year’ at event industry awards |
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Clarion, the events company behind ICE Totally Gaming, iGaming Business, EiG, Juegos Miami, iGaming Super Show, Japan Gaming Congress and Brazil Gaming Congress, has been named ‘Most Respected Company of The Year’ at the 2017 edition of the Association of Exhibition Organisers’ Excellence Awards. |
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Congratulations to Malaysia’s Choong Kian Weng for leading Day 2 of the APT Main Event. Weng bagged up an enormous stack of 852,000 chips. The APT Main Event saw a total of 118 players and the winner is expected to pocket the HKD 521,000 first place purse. |
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