Kategoriarkiv: TopSlots

DraftKings, FanDuel Jettison Merger Plans, Back Away From FTC Challenge



Joint rulers for the daily fantasy activities (DFS) market DraftKings and FanDuel have walked away from a proposed merger of equals, less than the usual month following the Federal Trade Commission (FTC) moved to block the deal on grounds of antitrust ‘fair competition’ issues.

The offer’s off: DraftKing’s Jason Robins (left) and FanDuel’s Nigel Eccles announced on Thursday that their businesses would be going it alone, calling off a possible FTC fight in the grounds of antitrust violations. (Image: Reuters)

The two companies announced the termination of the tie-up on Thursday, simply days after they’d each filed legal briefs to a district that is federal, vigorously defending the merger.

But with both companies already fighting legal actions on several fronts, it looked like another expensive and possibly condemned battle that is legal ahead. A source told ESPN that taking on the FTC would cost some $ likely12 to $15 million.

Money Worries

Ironically, consolidation could have dramatically slice the amount of appropriate and costs that are lobbying two organizations invest fighting for legal DFS in states across the united states. It might additionally remove the costs associated with attempting to out-market each other.

The failure of the deal leaves both in precarious financial positions, as neither has ever been profitable. Documents related to the merger leaked final month revealed that DraftKings Les videre

Casino News: Brand New LV Bookie, NV Security, Swiss iGambling

Casino News: Brand New LV Bookie, NV Security, Swiss iGambling

This week’s casino news starts us down in downtown Las Vegas in which a sportsbook that is new opened up. Let’s take a better look at this week’s headlines:

Circa Sports Launches At Golden Gate Resort And Casino

There is a place that is new bet on sports in nevada and it’s really created quite a buzz.

After months of expectation, Circa Sports has formally launched inside the Golden Gate Hotel & Casino in Las Vegas. The brand-new sports betting venue on Fremont Street had a grand opening that included a $1.5 million professional football contest along with the launch of the mobile app that enables new users to place a ceremonial first wager.

After years in development, Circa will give its visitors the best possible sports wagering experience with quality approaches to both beginner and veteran bettors. Most of the top bookmakers in their state of Nevada were invited to attend the opening and place the first official wagers on the opening day. Additionally, the mobile app launch went as smoothly as you can and features daily games that may continue to be updated over time.

It’s definitely the place to be in if you’re in Downtown Las Vegas, but we will see if sports bettors get away from their way (off The Strip) to place their bets.

Nevada Governor Signs Off On Bill Requiring Protection Plans For Casinos

Hawaii of Nevada’s attempt that is latest to improve the consumer experience at Las vegas, nevada casinos has a Les videre