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FanDuel Co-Founder, 100 Others Sue For Receiving $0 After Sale Of Company

FanDuel Co-Founder, 100 Others Sue For Receiving $0 After Sale Of Company

by Christina Monroe | Feb 26, 2020 3:10 pm | Sports Betting

Over a hundred previous employees of FanDuel are suing a few companies after receiving no money from the merger/sale of a business worth over a billion dollars. The lawsuit claims that Paddy Power Betfair knew what they were doing when they, along with ex-members of...
Sportsbooks, Leagues Partnering And Role In Sports Integrity

Sportsbooks, Leagues Partnering And Role In Sports Integrity

by Christina Monroe | Dec 12, 2019 12:09 pm | Sports Betting

The US sports betting industry has been taking the country by storm as more and more states begin to legalize the pastime. During the Betting On Sports America Conference, the idea of sportsbooks teaming up with sports organizations was discussed with Joe Lee, head of...
DraftKings For Sale? Discussions With Diamond Eagle Suggest So

DraftKings For Sale? Discussions With Diamond Eagle Suggest So

by Hasan Nabulsi | Nov 4, 2019 3:32 pm | Sports Betting

Diamond Eagle Acquisition Corp., a special purpose acquisition company, is reportedly in advanced talks to buyout DraftKings. Rival daily fantasy sports and sports betting company, FanDuel, was bought out by U.K. firm Flutter last year. DraftKings and FanDuel tried to...
Flutter’s Pre-Tax Profits Down, But Has Plans For Increasing Revenue

Flutter’s Pre-Tax Profits Down, But Has Plans For Increasing Revenue

by Michael Molter | Aug 12, 2019 11:03 am | Revenue

Paddy Power Betfair changed their name to Flutter Entertainment earlier this year. Flutter owns a majority stake in FanDuel Sportsbook. Executives from Flutter believe their revenue can increase ten-fold in the US. TALLAHASSEE, Fla. – As one of the first gaming...
GAN Discusses Leveraging US Sports Betting Industry In Annual General Meeting

GAN Discusses Leveraging US Sports Betting Industry In Annual General Meeting

by Hasan Nabulsi | Jun 13, 2019 2:42 pm | Revenue

GAN plc is a London-based developer and supplier of B2B online gambling software.  In July of 2018, GAN announced that the company would be providing the sports betting platform used in Parx Casino, the largest retail gaming outlet in PA. Gross operator revenue was up...
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