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Fanduel Looking at UK Markey
Saturday November 7,2015 : FANDUEL EYES U.K. MARKET
But 2016 launch will in some ways be an experiment, says CEO.
In an interview with Bloomberg business news this week, Nigel Eccles -the CEO of US daily fantasy sport market leader FanDuel - revealed that he plans a sortie into the British market next year.
However, some elements of the expansion will be an experiment, Eccles said, explaining that there was a need to prove that a market actually exists in the UK.
“I think it’s an interesting proposition,” Eccles said. “Candidly, we’re going to test the waters, but it’s an unknown. Everyone needs to prove that there is a market outside the U.S."
Fanduel has applied for and currently awaits a licence from the UK Gambling Commission, Eccles revealed, adding that fantasy sports does not appear to have the same appeal in Europe as it does in the United States.
He speculated that this may be because the most popular sport in much of the world - soccer - often ends in a goaless draw, which would necessitate a different structure to that which has proved to be so popular in the USA.
“It may not even be a daily fantasy product. I told the guys, come to me with a skill-based product in the U.K. that you think will work,” said Eccles. “We think that sports is universal, but the way people engage with sports is different, and the right game for them might be different in every country.”
Bloomberg reports that regulation cuts into company profits, quoting the experience of Mondogoal, which says it pays 15 percent of its gross revenue in the U.K. in taxes and that about 20 percent of its costs go to regulatory expenses.
Americas Card Room Online Super Series Starts Now -
The OSS Cub3d is Americas Cardroom’s 3-part tournament series. It features the Mini Online Super Series (MOSS), the now-underway Online Super Series (OSS), and the upcoming Bigger Online Super Series (BOSS).
New Quick Seat feature at Ignition Poker -
New Quick Seat feature at Ignition Poker.In order to ensure our poker players’ user experience is even more seamless, we’ve introduced a new feature in our poker software called Quick Seat for both Ignition Poker.
Finnish people prefer the government to run the casinos -
Nordic countries have been, historically, the main markets for the online casino operators. The reasons for this are rather clear - these countries are very cold and people simply prefer to stay home and gamble than go outside to visit a casino.
NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 -
The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?
Caesar’s Triumph Slot Launches -
Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.
NHL Odds: Pacific Division Foes Face Off in Edmonton -
The Edmonton Oilers will attempt to defend their home ice advantage this Friday (10:30 PM ET on Sportsnet) against the San Jose Sharks. The Oilers (47-26-9) finished second in the Pacific, while the Sharks (46-29-7) finished third, but only four points behind their First Round foes.
Bingo Cataratas Offers Unique Spin on Classic bingo -
Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.
NBA Odds: Hawks-Pacers in Regular-Season Finale -
Depending on the results of Game No. 81, Wednesday’s regular-season finale (8 PM ET, ESPN) between the Atlanta Hawks and Indiana Pacers could decide whether Indiana reaches the postseason. It could also give the Pacers a higher seed than Atlanta in the Eastern Conference playoffs.
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