Daily news

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    Paddy Power Betfair has confirmed reports that it has opened discussions over the potential acquisition of daily fantasy sports (DFS) company FanDuel

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    Paddy Power Betfair is reportedly closing in on a deal to acquire daily fantasy sports (DFS) operator FanDuel

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    Major League Baseball (MLB) and the NBA basketball league have begun talks over selling their respective stakes in DraftKings and FanDuel

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    Formula One has made an investment in PlayON and launched new fantasy sports games based on the motor-racing championship

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    Catena has continued its spending spree by agreeing to pay £1m (€1.1m/$1.3m) for Squawka, the global football news site

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    Boom Fantasy has closed a $2m (€1.8m) Series Seed round, while the firm has also acquired the primary assets of daily fantasy sports (DFS) rival Draftpot.

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    A district court in California dealt a blow to FanDuel, DraftKings and other DFS operators last week when it held that the payment of entry fees to enter daily fantasy horse racing contests that are returned to winners as cash prizes constituted a wager.

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    Paddy Power Betfair has expanded into the US daily fantasy sports market with the acquisition of early-stage operator DRAFT.

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    Daily fantasy sports (DFS) operator DraftKings has closed an investment round worth more than $100 million (€94.3 million), according to Bloomberg.

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    Daily fantasy sports (DFS) operator Fantasy Aces has filed for bankruptcy after a proposed acquisition by rival FantasyDraft fell through.

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    Daily fantasy sports (DFS) operator and B2B provider Oulala.com has raised just under €1.4 million ($1.5 million) in its latest funding round.

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    Scott Secord, president and chief executive of Gaming Nation, said he is “pleased” with the company’s performance in the three months to September 30, saying the firm took the “necessary steps” to focus on its profitable businesses.

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    Gaming Nation has completed the previously announced sale of parts of its Fantasy Feud business to Fantasy Aces Daily Fantasy Sports Corp.

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    DraftKings and FanDuel, two of the biggest operators in the daily fantasy sports sector, are closing in on sealing an “imminent” merger, US sports broadcaster ESPN has reported.

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    Atlantis Gaming Corporation (AGC), the company that is set to launch the first federally-approved online betting and daily fantasy sports (DFS) platform in the US, is planning to float on the stock market.

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    Daily fantasy sports (DFS) operator DraftKings has raised $153 million (€137 million) through a new venture capital filing.

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    Full-service mobile technology and marketing company SinglePoint has finalised its purchase of an interest in daily fantasy sports (DFS) provider DraftFury.

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    Scott Secord, chief executive of Gaming Nation, has declared himself “pleased” with the Canadian gaming platform supplier’s performance during the three months to March 31, citing growth within its 5050 Central business as a major highlight.

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    Daily fantasy sports (DFS) company DraftKings has expanded its payment options in the UK by entering into a partnership with Paysafe.

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    Sports and entertainment technology firm Gaming Nation has cited the impact of transaction acquisition costs as the main reasons behind a net loss of $23 million (€20.4 million) during the 12 months to December 31, 2015.

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