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Yahoo Buying Fantasy Sports Company
3/18/10 - Yahoo is buying fantasy sports company Citizen Sports, an enterprise co-founded by an MIT graduate whose card-counting skills helped him win millions of dollars in blackjack and spawned a film and a best-selling book, reports Associated Press.
The agency names Jeff Ma, famous for his card counting antics in Las Vegas and Atlantic City that inspired "Bringing Down the House" and, more recently, the movie "21," as the founder of Citizen Sports in 2004, along with business partner Mike Kerns, which the duo have agreed to sell to Yahoo.
Citizen Sports offers fantasy leagues for sports such as football, soccer and basketball that fans can manage online at social-networking sites and through mobile applications for Apple's iPhone and smart phones running Google Inc.'s Android operating software.
AP opines that Yahoo's objective is to boost its social-networking offerings, an area in which the company has struggled despite its massive Internet audiences.
Yahoo did not release financial details of the purchase, which it expects to close by June.
AP reports that millions of people participate in fantasy leagues, where participants rack up points based on the performance of the sports players they pick to be on their make-believe teams.
Yahoo said Wednesday that Citizen Sports will be integrated with content from its sports news and information site, Yahoo Sports, and vice versa. The fantasy sports site now has 39 million unique visitors in the U.S. each month.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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