Online Casino News From Around the Globe

DraftKings CEO Denies Reports Of IPO Offering Soon

The buzz around daily fantasy sports companies like DraftKings and FanDuel has already for a long time reached mainstream corporate world. With reports that no less than Walt Disney themselves investing $250 million in DraftKings, the overall perception of DFS companies is that they are a great investment for venture capital firms looking for a sizeable return on their investment. The Disruptor List features privately owned companies from all sorts of industries ranging from retail to financial services whose innovations are changing the business landscape. They are “forward-thinking” startups that are potentially billion dollar businesses. For DraftKings to be included in this list alongside household names like Snapchat, Uber and Pinterest is a great marketing coup and shows just how good they are at leading their sector. Their success has led to speculation that they are planning to launch an IPO soon. DraftKings CEO Jason Robins denied this in an interview with LegalSportsReport.com and said that currently an IPO is probably the last thing on our mind, He said” We’re just trying to build a great business and engage sports fans.” Commenting on the reported deal with Walt Disney for $250 million, Robbins was cagy about the details and said, “I can’t comment specifically on the deal, but right now I think ESPN is the leader really in fantasy, they have become the company more than any that is identified with fantasy and identified with sports.” He went on to comment on ESPN who are partly owned by Walt Disney and said that ESPN are leaders in fantasy daily...

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Pennsylvania Pushes For Fantasy Sports Betting Bill

In another indication of just how popular the daily fantasy sports market is, a group of representatives in the state of Pennsylvania are pushing for a bill that will enable land casinos to operate daily fantasy sports competitions. House Bill 1197 headed by Rep George Dunbar was passed last week in the House of Committee Gaming Oversight. In terms of the bill existing casino license holders will require a special license in order to operate tournaments and will be restricted to land-based facilities only. The licensing fee would be $50,000 with a tournament vendors having to pay a fee 0f $10,000.The State of Pennsylvania would benefit for a 5% monthly gross tournament revenue with players needing to be over the age of 21 to partake. Mobile apps or dedicated websites will be allowed but not for actual playing of the contests. These will be more for monitoring the progress of their competitions. The bill will ensure that only existing Pennsylvania license holders will be allowed to apply for a daily fantasy sports license. Any players with a dubious background will be blocked from applying in terms of the bad actor clause which is aimed at companies that violated the Unlawful Gambling Enforcement...

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888 Holdings Confirm Acquisition Offer For Bwin.Party

The rumor mill around the possible acquisition of bwin.party continues in full force. The latest is that 888 confirmed they have made an offer to acquire bwin.party. In a statement 888 said their offer would be a combination of both shares and cash. 888 is not the only party interested in bwin.party and there is talk of a joint bid from Amaya Gaming and GVC. In terms of that rumored bid, Amaya would acquire bwin’s regulated poker and casino business and GVC would acquire the sportsbook aspect of the business. Shareholders of 888 would have to approve the deal and it is rumored already that 59% of the shareholders of 888 have already voted to approve the offer. Once again 888 were cautious about confirming the deal as a done issue and said that there was “no certainty” that it would be completed and will continue to update accordingly. From their side bwin.party seems to be enjoying the attention from rival companies as they confirmed talks are undergoing with a number of parties regarding a takeover. Bwin party said in a statement, ”The board of bwin.party has noted the announcement made by 888 Holdings and confirms that it has received a proposal to acquire the entire issued and to be issued share capital of bwin.party. The board and its advisers are conducting a detailed review of the proposals received to-date and will make a further announcement in due course, however there can be no certainty that these proposals will result in a transaction being...

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GoCoin and DerbyJackpot Launch First Legal Bitcoin Gambling Site in U.S.

Bitcoin fans in the U.S. have reason to celebrate as for the first time they will legally be able to enjoy playing with the digital currency. DerbyJackpot.com is the first Bitcoin based legal online gambling site in the U.S. which will enable punters to bet on horse races across the country. The partnership between DerbyJackpot.com and GoCoin has been cemented after many months of lobbying and explaining to the financial regulators the ins and outs of Bitcoin. CEO of GoCOin, Steve Beuregard was delighted that the U.S. will be the first to adopt a real money regulated gaming site with DerbyJackpot. He said,” Having spent the last 18 months circling the globe educating gaming and financial regulators in Europe and Southeast Asia, I’m thrilled to see the U.S. be the first to market with a legal-regulated real-money gaming site with DerbyJackpot. As a Bitcoin company, compliance needs to be top of mind. Our compliance team was uber impressed with the thoughtfulness and thoroughness of the DerbyJackpot compliance program, that they were a natural fit for GoCoin,” he added. The request for the Bitcoin option to be accepted was key to DerbyJackpot.com accepting bitcoin payments and comes at a time of the season when horse racing is at its height with the Triple Crown of Thoroughbred Racing Season taking...

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DraftKings Enter Into Partnership With NASCAR

Daily Fantasy Sports giant DraftKings are literally putting their foot on the gas in an effort to gain as much market share as possible in what is seen as the one of the most competitive sectors in the gaming world today. Following their recent $250 million from Walt Disney and partnerships with the likes if the UFC, DraftKIngs have just announced a new three year agreement with NASCAR. In terms of the agreement DraftKings will be the official daily fantasy sports partner of NASCAR and will see them develop NASCAR branded games across the fantasy sports category. Executive vice president of NASCAR, Steve Phelps commented on their new partnership with DraftKings,” Pursuing ways to connect with our fans on a daily basis while enhancing their viewing experience has been paramount to NASCAR, and fantasy sports is a core tenet of that strategy. We are committed to growing our fan base, increasing engagement and diversifying our audience and partnering with DraftKings will strongly support all of these efforts.” CEO of DraftKings Jason Robbins expressed his delight at the NASCAR partnership,” We’re thrilled to partner with NASCAR to bring auto racing enthusiasts across the country an unmatched fan experience.” The deal will involve NASCAR and DraftKings promoting daily fantasy sports contests based on races with DraftKings using official NASCAR statistics which will be available in real time to power the fantasy games. FanDuel CEO Nigel Eccles explained their hestinct in teaming up with NASCAR in a thread from RotoGrinders, where he said,” We spoke to our lawyers about that recently. The legal status is very negative. NASCAR doesn’t provide a lot of stats that you could construct a fantasy game around, and so any game quickly resembles sports betting. Unless that changes I can’t see us offering fantasy NASCAR.” While FanDuel still hold the majority market share in the DFS market, DraftKings seems to be willing to make much bolder moves with their entry into sports like the UFC and...

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