The likelihood of an IPO for Flutter’s US interests increased yesterday after the company announced it had upped its ownership of FanDuel in a deal worth $4.18 billion. The accelerated acquisition process will see erstwhile FanDuel owners Fastball cash in their 37% stake in FanDuel.
In the current frenzy surrounding the regulation of sports betting and online gambling in the US, it’s sometimes easy to forget the industry in the rest of the world isn’t quite enjoying the free-flowing champagne apparently giving the US online gambling sector the giggles right now.
The history of electoral betting in the US long predates the repeal of PASPA. In fact, you have to go back to the late ‘80s and the evolution of what started as a political science experiment: the Iowa Electronic Markets.
It might seem like hyperbole, but there is something momentous about the launch of Evolution Gaming’s live dealer online casino in Pennsylvania. The same could be said when the product launched at New Jersey online casinos.
The Caesars-William Hill deal crystallizes the interest European sports betting operators have in the US market. The new owners of William Hill (pending regulatory approval) have already made it plain that the UK and international operations are of little interest. Caesars has stated it will offload non-US assets as soon as it finds a suitable…
How do you parlay a $39m bet into a $4bn-plus return? Simple. Go back to April 2011 and buy a couple of Nevada sportsbooks (and then top it up with another buyout a month later) and wait for the tides of history – in this instance, the repeal of PASPA – to roll along seven…
A prominent disconnect between how regulated sports betting and online gambling is viewed in the US versus current perceptions in Europe emerged during the lockdown period.
The battle for esports betting between some familiar names in sports-betting and a handful of esports-only operations is on. In the race to pick up customers, which is likely to be the right approach to win over the esports audience?
Famously, at the height of the euro crisis in the summer of 2012, then head of the European Central Bank Mario Draghi issued a clarion call to the world’s investment community: The bank would do “whatever it takes” to ensure the stability of the single currency.
A prominent talking point during the current Covid-19 crisis is how DraftKings – a company that is all about sports – has made such a success out of a flotation which came when there was almost no sport available.
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