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FanDuel-Paddy Power Betfair merger officially complete

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The merger between American daily fantasy sports brand FanDuel and British sports betting industry titan Paddy Power Betfair is officially complete now.  The merger plan was announced two months ago. Paddy Power Betfair and FanDuel have officially now combined forces to  create “the largest online sports destination in the United States.”

FanDuel and competitor DraftKings have insisted for years that their DFS offerings should not be defined as sports gambling, but since the Supreme Court’s reversal of PASPA, the companies have been less shy about entering this legal, regulated space. And FanDuel’s merger with Paddy Power Betfair is a massive leap forward on that front.

The merged company will be called FanDuel Group, with FanDuel CEO Matt King serving as CEO, an indication that all involved appreciate the established brand value of the FanDuel name.

And the timing could not be better. New Jersey Governor Phil Murphy signed legal sports betting in the state into law on June 11, meaning we are now at the end of the 30-day waiting period before online and mobile play can commence. Also, Betfair recently announced a long-term agreement to provide online, mobile, and retail sports betting products at Meadowlands Racetrack in NJ, and the FanDuel-branded sports book at Meadowlands opens this Saturday.

The FanDuel Group will be comprised of FanDuel, Betfair US, horse racing wagering brand and television network TVG, and DRAFT.

Source: njonlinegambling.com

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George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Prague Gaming Summit 2020 speaker profile: Panagiotis Skyrlas (Head of Information Security & Compliance – Group DPO at Betano-Stoiximan) 

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Panagiotis-Skyrlas-Announcements-Prague-2020-1 Prague Gaming Summit 2020 speaker profile: Panagiotis Skyrlas (Head of Information Security & Compliance – Group DPO at Betano-Stoiximan)   The 4th edition of the Prague Gaming Summit will take place on 6 March 2020 and welcomes leading operators, service providers and gambling industry experts from all across Europe. On the 6th of March at the Prague Gaming Summit, you have the opportunity to dive into several subjects, among which also the “Market Rundown: […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Prague Gaming Summit 2020 speaker profile: Panagiotis Skyrlas (Head of Information Security & Compliance – Group DPO at Betano-Stoiximan) 

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Prague Gaming Summit 2020 speaker profile: Anastasios (Tassos) Panagiotaros (Sales Director at Golden Race – Virtual Sports & Betting Solutions)

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Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Prague Gaming Summit 2020 speaker profile: Anastasios (Tassos) Panagiotaros (Sales Director at Golden Race – Virtual Sports & Betting Solutions)

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China Vows to Work with Philippines to Combat Online Gaming Crimes

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9-13 China Vows to Work with Philippines to Combat Online Gaming Crimes  China has vowed to work closely with the Philippines to combat cyber-criminal activities arising from Philippine Offshore Gaming Operations (POGOs), according to a statement issued by the Chinese Embassy in Manila. “The Chinese side would like to continue to work closely with the Philippines to combat such crimes as telecommunications fraud, illegal online gambling, […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: China Vows to Work with Philippines to Combat Online Gaming Crimes

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