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FanDuel and DraftKings 2014 Earnings Results
Thursday January 22,2015 : DAILY FANTASY SPORTS FIRMS REPORT RESULTS
Business is burgeoning at FanDuel and DraftKings.
Fuelling optimism on the business potential around the daily fantasy sports sector, two of the leading operators in the field have reported impressive 2014 results this week.
Market leader FanDuel.com posted revenues of just over $37 million for Q4-2014 - a significant improvement over the $7.4 million the company reported for the same period in 2013. And the enterprise's active player base grew to over a million in the quarter, an extraordinary increase over the 190,000 registered in the fourth quarter of 2013.
FanDuel's closest rival, DraftKings, has also enjoyed a stellar Q4-2014, reporting revenues of more than $17 million compared to Q4-2013's $2.5 million, and FY revenue of $30 million (FY-2013: $4 million).
Both companies devote substantial budget to marketing as they strive to grow in what appears to be a booming American sector, with interest spreading fast to Europe.
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Gambling News :
William Hill Chairman Not Stepping Down -
There are no plans for Gareth to step down. He is leading the CEO search process, which is well advanced, and is working with Philip Bowcock to deliver the key priorities for the business.
Canadian Lottery Looking at Online Gambling -
The reaction of other provinces is not known, but the Newfoundland and Labrador government was apparently less than enthusiastic about the prospect, which it did not regard as a priority.
Red Riding Hood Online Slot Launched -
The game, which has already attracted much preview interest, is part of the developers Fairytale Legends series, which the company plans to expand with further titles in 2017.
Super Heroes Slot Launches -
When the feature is triggered, two of the heroes appear on each side of the screen to boost winnings. During free spins, heroes are triggered on every spin, with their super powers growing stronger each time.
Playngo in Deal With Betclic Everest Group -
Swedish online gambling games developer Play’n GO has signed an agreement with the Betclic Everest Group that will see its full suite of games rolled out across the French group’s online casino brands.
2016 Italian Poker Tour main event in Malta -
After besting a field of 775, many of them respected aces, Austrian poker pro Ismael Bojang claimed the main prize of Euro 101,940 over the weekend in the eighth edition of the Euro 1,100 buy-in Italian Poker Tour main event in Malta.
Betradar in Deal with OPAP -
Sports betting data and analytics provider Betradar has inked a live betting supply deal with the major Greek licensed retail and online gambling operator OPAP.
2016 888poker Make It Big Tournament -
A relatively unknown Hong Kong poker player, Ka Him Li (21), claimed victory after a two-way chop in the main event at the inaugural 888poker “Make It Big” live poker festival at the Aspers Casino in London over the weekend, earning the top prize of GBP 45,300.
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