Paddy Power Acquires Daily Fantasy Sports Operator Draft

Written by:
Guest
Published on:
May/10/2017

The largest sports betting firm, Dublin-based Paddy Power, has acquired Daily Fantasy Sports operator Draft.

This would be Paddy Power’s first foray in the Daily Fantasy Sports market.

Reports suggest the Irish betting firm paid an initial $19m with a further cash consideration of up to $29m to be paid out over the next four years based on performance.

While the US DFS market made around $300 million last year, legal ramifications slowed the industry down.  In recent months several Daily Fantasy Sports companies in the United States have been shuttered.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Run Your Betting Business Much Better Using Pay Per Head

Run Your Betting Business Much Better Using Pay Per Head

Perhaps, the greatest challenge bookies have is to ascertain good betting software. It is a big challenge to many because quite a number have since quit the business. On your part, you need pay per head bookie software.

Finding The Ideal PPH For Your Bookie Business

Finding The Ideal PPH For Your Bookie Business

In every business, it is not only a good thing to make wise decisions but also a very important thing. If you decide wisely, you’ll thrive, but if otherwise, you’ll fail terribly. That is why you need pay per head bookie software.

Casino Billionaire Sheldon Adelson Breaks Three Ribs in Fall

Casino Billionaire Sheldon Adelson Breaks Three Ribs in Fall

Casino billionaire Sheldon Adelson missed the Venetian Macao’s 10th anniversary celebration following a gruesome fall Monday evening that left the 84-year-old with three broken ribs.

FanDuel CEO Parts Ways: Former CFO Returns to Take His Place

FanDuel CEO Parts Ways: Former CFO Returns to Take His Place

FanDuel today announced that the Chief Executive Officer, Nigel Eccles, who cofounded the company in 2009 redefining the fantasy sports industry, is leaving the company and stepping down from the Board of Directors to focus on his next venture.

Scientific Games Joins Battle Over Sports Betting

Scientific Games Joins Battle Over Sports Betting

The scramble to become leaders in a U.S. sports-betting market that doesn't even exist yet is heating up.

Syndicate