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

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

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

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

The 2 companies announced the termination of the tie-up on Thursday, just 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 perhaps condemned appropriate battle lay ahead. A source told ESPN that accepting free 50 lions slot game the FTC would cost some $ likely12 to $15 million.

Money Worries

Ironically, consolidation might have dramatically cut the amount of legal and costs that are lobbying two businesses spend fighting for legal DFS in states across the US. It could also 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. Papers related to the merger leaked final month revealed that DraftKings has lost a staggering $688 million Continuar leyendo «DraftKings, FanDuel Jettison Merger Plans, Back Off From FTC Challenge»

NFL Betting: Top 5 Games For 1 Of The NFL Preseason week

NFL Betting: Top 5 Games For 1 Of The NFL Preseason week

After six long months of anticipation, the National Football League has returned with a complete slate of preseason action. The exhibition games will not count in the actual standings. But, they’ll still offer sports bettors trying to place a bet at the sportsbooks with a first glimpse of the year that is coming including lots of new faces in brand new places.

Washington Redskins @ Cleveland Browns
Thursday August 8th – 7:30 PM ET

It’s going to be interesting to see exactly how many snaps if any second-year quarterback Baker Mayfield sees in this game. There’s a ton of optimism surrounding the potential of the Browns offense following a improvements of Odell Beckham Jr. and Kareem Hunt. There is just a chance that is good see Mayfield, OBJ, Hunt and Jarvis Landry regarding the field for at least one possession at the Cleveland faithful. Meanwhile, rookie pick that is first-round Dwayne Haskins makes his first for Washington. Haskins has a legitimate shot at making the starting job for the Redskins if he delivers the goods this preseason.

L . a . Chargers @ Arizona Cardinals
Thursday 8th 10:00 PM ET august

The pick that is first-overall in 2010’s NFL Draft will likely see his very first game action contrary to the Chargers on Thursday night. Kyler Murray was drafted to function as the franchise quarterback in Arizona. The Cardinals wasted time that is little him the keys to the vehicle by naming him their starter. Th Continuar leyendo «NFL Betting: Top 5 Games For 1 Of The NFL Preseason week»