FanDuel Parent Buys Italian Gaming Operator Snai for $2.56 Billion
Flutter, the gaming giant that owns FanDuel, has reached an agreement to buy Italian gaming operator Snai for cash considerations at a $2.56 billion (€2.3 billion)…
FanDuel
Fox Chases FanDuel Stake at $2.2 Billion Below Market Value
Fox Corporation CEO Lachlan Murdoch confirmed the company would try to activate an 18.6% stake option in betting giant FanDuel—and he said the deal could be secured at…
DraftKings CEO Says Tax Surcharge Won’t Hurt Long-Term Business
DraftKings CEO Jason Robins says the company’s new “winnings surcharge” in high-tax states, a move to pass along the cost of doing business in places like New York and…
DraftKings Posts First Profitable Quarter, Plans High-Tax Surcharge
DraftKings is planning to add a first-of-its-kind winning surcharge to users in high-tax states as part of the company’s plan to limit its exposure to state legislatures…
Sporticast 344: College Sports Is Full of Third-Party Consultants
On the latest Sporticast episode, Eben Novy-Williams speaks with Sportico reporter Daniel Libit about the business of college sports. More specifically, they discuss the…
Jontay Porter Wagered Millions via FanDuel, Report Says
Toronto Raptors center Jontay Porter, who is on leave pending an NBA investigation into betting irregularities, had a VIP account with FanDuel in Colorado from 2021 to…
3 Sportsbooks Say South Carolina-Iowa Was Most-Bet Women’s Event
Major U.S. sportsbooks DraftKings, FanDuel and BetMGM confirmed ESPN’s report that Sunday’s NCAA women’s basketball national championship game between South Carolina and…
A Sports Betting Plea: Move Slower. And Don’t Break Things
This story appeared in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. I’ve been thinking a lot about sports…
Superfan ‘ChiefsAholic’ Facing 50 Years in Prison for Bank Robberies
Kansas City Chiefs superfan “ChiefsAholic,” whose real name is Xaviar Babudar, pleaded guilty Wednesday to charges related to a string of 11 bank and credit union…
Flutter, FanDuel Parent, Lists in New York for American Appeal
FanDuel parent Flutter Entertainment began trading on the New York Stock Exchange Monday. But it’s not an IPO—Flutter is already traded on the London Stock Exchange and…
Flutter Shares Jump on FanDuel’s Strength Despite NFL Stumble
Shares of Irish betting firm Flutter Entertainment surged 15% Thursday as investors saw signs of strength in its U.S. sports wagering business even as the company took a…
FanDuel Latest to Buy Genius Sports Live NFL Stream Service
FanDuel is the latest betting operator to pay up for a new product from Genius Sports that allows sportsbooks to stream live NFL games alongside bet slips, odds and…
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