DraftKings has struck a deal that will see it acquired by a special purpose acquisition company alongside betting and gaming technology provider SBTech, with the combined entity to be listed on the Nasdaq Stock Exchange.
Stockholm-listed Better Collective will significantly expand its presence in the US market through the acquisition of daily fantasy and sports betting affiliate Rical LLC, operator of the RotoGrinders and SportsHandle portals.
Gambling.com Group has reported a 52% year-on-year increase in revenue for the first quarter of 2019, with the affiliate marketing giant to invest in the development of products for the US market in the year ahead.
Sports betting and daily fantasy sports operator FanDuel Group has appointed Lainie Cooney to its newly created role of chief people officer. Cooney will lead the development and execution of FanDuel’s global human resources strategy
Venture capital fund Vereeni Investments has acquired a majority stake in Australian daily fantasy sports operator Moneyball. Terms of the deal have not been disclosed, but Vereeni has said the purchase represents a seven-figure investment.
Paddy Power Betfair has seen its 2018 revenue grow as a result of the acquisition of FanDuel and an improved performance by the Paddy Power brand in the UK market, though the US investment has also hit full-year profits.
Paddy Power Betfair has set out a four-pillar strategy through which it aims to grow the business in 2019 and beyond, though analysts have questioned whether this leaves the operator over-reliant on regulatory progress in the US
Dennis Lukovkin of iGaming content and software provider Innovaventis looks at common mistakes and misconceptions that prevent businesses from running successful white label operations, starting with the pre-launch phase.