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DraftKings, FanDuel Jettison Merger Plans, Back Away From FTC Challenge



Joint rulers of the daily fantasy activities (DFS) market DraftKings and FanDuel have actually walked away from a proposed merger of equals, less compared to a month following the Federal Trade Commission (FTC) moved to block the offer on grounds of antitrust ‘fair competition’ issues.

The offer’s off: DraftKing’s Jason Robins (left) and FanDuel’s Nigel Eccles announced on Thursday that their businesses would be going it alone, calling off a prospective FTC fight in the grounds of antitrust violations. (Image: Reuters)

The 2 companies announced the termination of the tie-up on Thursday, just days after they’d each filed appropriate briefs to a federal district court, vigorously defending the merger.

But with both companies already fighting lawsuits on several fronts, it looked like another expensive and perhaps doomed legal battle lay ahead. A source told ESPN that dealing with the FTC would likely cost some $12 to $15 million.

Money Worries

Ironically, consolidation would have dramatically slice the amount of appropriate and costs that are lobbying two businesses spend fighting for legal DFS in states across the united states. It could additionally eliminate the costs associated with trying to out-market one another.

The failure of the deal leaves both in precarious positions that are financial as neither has ever been profitable. Documents related to the merger leaked last month revealed that DraftK Read more

Casino News: New LV Bookie, NV Security, Swiss iGambling

Casino News: New LV Bookie, NV Security, Swiss iGambling

This week’s casino news starts us off in downtown Las Vegas the place where a sportsbook that is new opened up. Let’s take a better appearance at this week’s headlines:

Circa Sports Launches At Golden Gate Hotel And Casino

There exists a brand new destination to bet on sports in Las Vegas and it’s created quite a buzz.

After months of anticipation, Circa Sports has officially launched inside the Golden Gate Hotel & Casino in Las Vegas. The brand-new sports betting venue on Fremont Street had a grand opening that included a $1.5 million pro football competition along with the launch of a mobile app enabling new users to spot a ceremonial wager that is first.

The best possible sports betting experience with quality approaches to both beginner and veteran bettors after years in development, Circa will give its visitors. Most top bookmakers in their state of Nevada were invited to attend the opening and place the first official bets on the opening day. Additionally, the app that is mobile went because smoothly possible and features daily games that may continue steadily to be updated over time.

It’s definitely the place to be in if you’re in Downtown Las vegas, nevada, but we’ll see if activities bettors go away from their way (off The Strip) to place their bets.

Nevada Governor Signs Off On Bill Requiring Security Plans For Casinos

The state of Nevada’s attempt that is latest to improve the client experience at Las vegas Read more