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DraftKings could soon be #1 Fantasy Sports Site
Saturday April 4,2015 : DISNEY-ESPN TO INVEST $250 MILLION IN DAILY FANTASY SPORTS FIRM
DraftKings could soon be taking over the top position in the DSF sector.
You have to wonder whether young American entrepreneurs Paul Liberman, Jason Robins and Matt Kalish, the founders of daily fantasy sports betting site DraftKings, could have imagined how powerful their company would become when they put the project together just two years ago in Boston.
Today it's one of the two top sites in a booming sector (Fanduel is the other one) vying for the top spot, and the news this week that Walt Disney-ESPN is to invest $250 million is likely to power the Boston operation into the lead.
Reporting on the investment, the Wall Street Journal observed that it will boost the value of the company to $900 million.
DraftKings has committed to use the investment to ramp up marketing spend to over $500 million on ESPN sites over the next few years as it continues to drive growth; a mutually beneficial deal for all involved.
Rival FanDuel can continue to advertise on ESPN internet properties but won’t have the premium positions afforded to DraftKings.
DSF firms are increasingly attracting the attention of large media corporates, with Comcast recently investing in Fanduel. The Raine Group, Redpoint Ventures, GGV Capital and Atlas Venture have invested in DraftKings in previous funding rounds.
DraftKings and Fanduel have even managed to set up agreements with some of the national sports leagues overseeing sports like basketball, hockey, football and baseball Fantasy sport enjoys carve-outs in laws banning financial transactions with online gambling companies, and operators portray their activity as skill-based and therefore outside the accepted definitions of gambling.
DraftKings recently revealed that online players spent about $300 million on the fees required to play online, quick-turnaround games on its site last year. The company's website boasts that it will pay out a total of $1 billion in prize money this year.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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