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

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

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

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 down a potential FTC fight on the grounds of antitrust violations. (Image: Reuters)

The 2 companies announced the termination of the tie-up on Thursday, simply days after they had each filed legal briefs to a federal district court, vigorously protecting the merger.

But with both companies already fighting lawsuits on several fronts, it appeared to be another costly and possibly condemned battle that is legal ahead. A source told ESPN that taking on the FTC would likely cost some $12 to $15 million.

Money Worries

Ironically, consolidation might 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 might also eliminate the costs associated with attempting to out-market one another.

The failure of the deal leaves both in precarious financial positions, as neither has ever been profitable. Papers related to the merger leaked last thirty days revealed that DraftKings has lo Continue reading DraftKings, FanDuel Jettison Merger Plans, Back Off From FTC Challenge

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

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

This week’s casino news starts us down in downtown Las Vegas where a sportsbook that is new opened up. Let’s have a better look at this week’s headlines:

Circa Sports Launches At Golden Gate Resort And Casino

There’s a place that is new bet on sports in nevada and it’s created quite a buzz.

After months of expectation, Circa Sports has formally launched inside the Golden Gate Hotel & Casino in Las Vegas. The brand-new sports wagering venue on Fremont Street had a grand opening that included a $1.5 million pro football contest along with the launch of the mobile app which allows new users to place 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. Many of the top bookmakers in their state of Nevada were invited to attend the opening and place the first official wagers on the day that is opening. Furthermore, the mobile app launch went as smoothly as possible and features day-to-day games that will continue steadily to be updated over time.

It’s definitely the place to be in if you’re in Downtown Las Vegas, but we’ll see if sports bettors get out of their way (off The Strip) to place their bets.

Nevada Governor Signs Off On Bill Requiring Protection Plans For Casinos

The state of Nevada’s attempt that is latest to improve the customer experience at nevada casinos has come Continue reading Casino News: Brand New LV Bookie, NV Security, Swiss iGambling