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 |
FanDuel Expects $200 Million Loss Ahead Of Massive NFL Marketing Push
FanDuel says US players have proven stickier than in other markets and it will be investing in customer acquisition in new states accordingly. Read More
Posted on: August 27, 2020 |
Is Flutter A Better Bet For Investors Than DraftKings Stock?
Global equity research firm Redburn predicts Flutter is set for pole position in the US sports betting sector and undervalued by the market. Read More
Posted on: June 24, 2020 |
How Many Millions Of DraftKings Stock Shares Just Sold Today?
Remember when DraftKings upsized its stock offering last week? That sale turned out to be even larger than expected. A total of 46 million shares of DraftKings stock were purchased Tuesday as the offering completed. The number of new shares held at 16 million, but shareholders exercised their full option for additional sales, bringing that […] Read More
Posted on: June 23, 2020 |
FanDuel Weathering Sports Shutdown Thanks To Horse Racing, Online Casino
FanDuel parent company Flutter reported a mere 8% year-on-year drop in US revenues for the four weeks after sports shut down March 15. Read More
Posted on: April 17, 2020 |
Which Sportsbook Operators Can Weather Coronavirus Shutdowns?
Sportsbook operators have put out the first statements regarding the business implications of shutdowns from the coronavirus. Read More
Posted on: March 16, 2020 |
Mega-Merger Between FanDuel Parent, Stars Group Faces Competition Inquiry
UK competition authorities will review the $6 billion mega-merger between FanDuel owner Flutter Entertainment and Fox Bet owner The Stars Group. Read More
Posted on: February 5, 2020 |