Analysis: Hurdles In Front Of FanDuel IPO In US Stacking Up
A publicly-listed FanDuel may be worth half of what some analysts projected just two months ago. LSR examines what has changed. Read More
Posted on: May 25, 2021 |
Flutter Announces FanDuel CEO Matt King Plans To Step Down
FanDuel CEO Matt King will step down in the near future, putting plans for a US public listing in question. Flutter Entertainment, the parent company of FanDuel Sportsbook, announced King’s intent to depart the business in an email Tuesday evening. The announcement highlights King’s role in helping FanDuel navigate the post-PASPA landscape in the US; […] Read More
Posted on: May 12, 2021 |
Fox Corporation Acquires Outkick With Sports Betting Content In Mind
Fox Corporation wants to push further into sports betting content through the purchase of media outfit Outkick. Fox executives announced Wednesday the acquisition of digital media company Outkick. During the company’s fiscal year 2021 third-quarter earnings call Wednesday, Fox CEO Lachlan Murdoch said the acquisition is key to a growing focus on sports betting content […] Read More
Posted on: May 6, 2021 |
Flutter To Exclude ‘Struggling’ Fox Bet From Potential FanDuel IPO
FanDuel Group accounted for 91.6% of Flutter US revenues in Q1, while Fox Bet and PokerStars came in at just 8.4%. Read More
Posted on: April 29, 2021 |
How Is A Potential FanDuel IPO Affected By Fox Suing Flutter?
Fox has filed suit against Flutter over the value of a 2021 option that allows Fox to buy an 18.6% stake in FanDuel. The suit was filed this week and will be heard as an arbitration before JAMS in New York rather than court. CNBC first reported the suit, which the companies since confirmed. What’s the […] Read More
Posted on: April 6, 2021 |
Analysis: Could FanDuel Stock IPO By Flutter Pop A US Sports Betting Bubble?
FanDuel parent company Flutter is considering listing a portion of FanDuel in the US, but the move could have hidden downsides. Read More
Posted on: March 29, 2021 |
FanDuel Finds Gold Medals In US Sports Betting Don’t Come Cheap
FandDuel spent nearly half a billion dollars on marketing in 2020 but posted revenues 40% higher than its nearest rival DraftKings. Read More
Posted on: March 2, 2021 |
LSR Q+A: Jason Ader On Finding The Tesla Of Online Gambling
Renowned investor Jason Ader takes LSR through the options for his next SPAC and explains why MGM will ultimately end up with Entain. Read More
Posted on: January 29, 2021 |
The Week In Sports Betting News: Flutter Bets Big On FanDuel
Happy Monday, everyone. There was plenty of sports betting news last week as legal states continue to hit new heights while others work toward legalization. The LSR Podcast took a look at the recent US sports betting monthly handle record hit in October (we’ll know the final tally whenever results are available from sports betting […] Read More
Posted on: December 7, 2020 |
Flutter Acquires Remaining 37% Of FanDuel For $4.2 Billion
Flutter noted the deal gave FanDuel an enterprise value of $11.2 billion, a discount of over 40% compared to the $20.3 billion value of DraftKings. Read More
Posted on: December 3, 2020 |