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

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

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

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

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

But with both companies already fighting legal actions on several fronts, it appeared as if another expensive and perhaps doomed appropriate battle lay ahead. A source told ESPN that accepting the FTC would likely cost some $12 to $15 million.

Money Worries

Ironically, consolidation could have dramatically cut the amount of appropriate and costs that are lobbying two businesses invest fighting for legal DFS in states across the united states. It would additionally eliminate the costs associated with attempting to out-market each other.

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

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

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

This week’s casino news starts us down in downtown Las Vegas where a new sportsbook has opened up. Let’s take a closer 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 Las Vegas and it’s really created quite a buzz.

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

After years in development, Circa will give its visitors the perfect sports gambling experience with quality approaches to both beginner and veteran bettors. Most top bookmakers in hawaii of Nevada were invited to attend the opening and place the first official bets on the opening day. Also, the mobile app launch went as smoothly that you can 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 vegas, but we’ll see if activities bettors get out of their way (off The Strip) to place their bets.

Nevada Governor Signs Off On Bill Requiring Security Plans For Casinos

Their state of Nevada’s attempt that is latest to improve the consumer experience at vegas casinos has come within the form of a bill passed by t Continue reading Casino News: New LV Bookie, NV Protection, Swiss iGambling