Daily fantasy sports operator FanDuel has revealed it has been able to secure an additional $275 million (€249.7 million) in Series E financing, increasing the total capital raised by the company to $363 million.
The acquisition of Major League Fantasy by Latitude360 shows that US DFS companies believe the product can gain traction through offline leisure-themed venues. As ever, the key to its success will be in the execution, writes Steve Ruddock.
The backers strewing money at the feet of DraftKings and FanDuel patently believe there’s a pot of gold at the end of the rainbow, but we’ve been here many times before, writes Mickey Charles of The Sports Network.
iGaming Business filmed all the panels and sessions from the IMGL Masterclass as part of the iGaming Super Show that took place in Amsterdam from 24-26 June and has made them available for you to view.