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DraftKings Disney Investment deal off
Thursday June 25,2015 : DISNEY DEAL WITH DAILY FANTASY SPORTS PROVIDER IF OFF (Update)
But DraftKings has salvaged exclusive advertising deal with subsidiary ESPN.
Daily fantasy sports provider DraftKings has confirmed that the $250 million Walt Disney investment in the company is off the table, although it has salvaged an exclusive three-year advertising deal with Disney subsidiary ESPN.
Neither company has offered any explanation for the change, although industry observers have noted that Disney may have shied away from the growing perception that daily fantasy sports is associated with gambling.
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Gambling News :
Pokerstars Bahamas Main and High Roller Results -
The inaugural PokerStars Championship Bahamas saw two big winners crowned this weekend when Christian Harder won the main event for $429,664 and Luc Greenwood took home $779,268 after taking down the $25,750 High Roller event.
High Hopes For Pennsylvania Online Gambling -
Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports.
NJ Warns No Federal Online Gambling Ban -
New Jersey Senator and gubernatorial candidate Raymond Lesniak warned that any attempt to overturn a 2011 Department of Justice opinion that the federal Wire Act exclusively governs sports betting would be met with a hard-nosed reaction from his state.
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