Category Archives: TopSlots

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



Joint rulers of this daily fantasy recreations (DFS) market DraftKings and FanDuel have actually walked away from a proposed merger of equals, less than the usual month after the Federal Trade Commission (FTC) moved to block the deal 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 two companies announced the termination of the tie-up on Thursday, just days after that they had each filed legal briefs to a federal district court, vigorously defending the merger.

But with both companies already fighting lawsuits on several fronts, it appeared to be another expensive and possibly condemned battle that is legal ahead. A source told ESPN that taking on the FTC would likely cost some $12 to $15 million.

Money Worries

Ironically, consolidation might have dramatically cut the amount of appropriate and lobbying costs the two businesses invest fighting for legal DFS in states across the usa. It would also take away the expenses associated with attempting to out-market the other person.

The failure of the deal leaves both in precarious positions that are financial as neither has ever been profitable. Papers related to the merger leaked final month revealed that DraftKing Continue reading

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

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

This week’s casino news starts us down in downtown Las Vegas in which a new sportsbook has opened up. Let’s have a closer look at this week’s headlines:

Circa Sports Launches At Golden Gate Hotel And Casino

There is a place that is new bet on sports in nevada and it is 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 gambling venue on Fremont Street had a grand opening that included a $1.5 million pro football competition along with the launch of the mobile app enabling new users to spot a ceremonial wager that is first.

The best possible sports betting experience with quality approaches to both beginner and veteran bettors after years in development, Circa will give its visitors. Lots of the top bookmakers in the state of Nevada were invited to attend the opening and place the first official wagers on the day that is opening. Furthermore, the mobile app launch went because smoothly as you can and features daily games which will continue steadily to be updated over time.

It’s definitely the accepted place to be in if you’re in Downtown nevada, but we will see if recreations bettors go out of their way (off The Strip) to place their bets.

Nevada Governor Symptoms Off On Bill Requiring Security Plans For Casinos

The state of Nevada’s attempt that is latest to improve the client experience at nevada casinos has Continue reading