
Day-to-day fantasy sports market leader DraftKings has raised $153 million in new investment money. Ted Leonsis, the billionaire owner of the Washington Capitals and Washington Wizards sports teams, has bought a significant, but undisclosed, stake within the ongoing company through his investment firm Revolution Growth.
Ted Leonsis, owner of the Washington Capitals and dolphin treasure slots free download Washington Wizards, has purchased a stake in DraftKings through his investment company, Revolution Growth.
This is certainly DraftKing’s second major round of funding in only over a year. In July 2015, the business was able to raise a $300 million war chest to aid finance its international ambitions, $150 million of which arrived from Fox Sports for the 11 percent stake in the company.
The last round had been before DraftKings and other market leader FanDuel were beset by legal difficulties, but. Facing a threat of billions of bucks in fines from New York Attorney General Eric Schneiderman, DraftKings’ international expansion plans had been temporarily curtailed, as appropriate costs mounted.
Market Cap Unknown
The news that is good now that DFS is back in New York, is that the industry is once again regarded as being investable. And that’s despite DraftKings market cap being damaged by the various legal challenges it has faced. In July 2015, the organization was respected at around $2 billion, and while its valuation had not been disclosed during this round of investment, Eilers & Krejcik Gaming has believed the company’s worth to be around 50 % of that figure today.
The analyst additionally said that, in light associated with new investment, a merger between DraftKings and FanDuel would now seem unlikely. In June, it was reported by Bloomberg sources that the companies were engaged in negotiations regarding a merger, which investors that are private both companies had been pushing for some time.
Consolidation might have made feeling, largely because of this amount of cash both invest in attempting to out-market one another while offering a very similar service. Then there would be the costs become conserved from both companies’ various skirmishes that are legal the US. Add the increase in licensing costs and local fees as DFS becomes regulated for a gradual state-by-state basis, plus the attractiveness of a merger becomes clear.
Consolidation Off the Table
In a statement that is official DraftKings CEO Jason Robins praised Revolution Growth’s ‘entrepreneurial outlook and spirit of innovation’ that ‘meshes perfectly with the tradition of our company,’ along with its ‘deep expertise in activities, technology, and policy.’
Revolution’s Steve Murray, whom will join the DraftKings board of directors included in the deal, said that his company has the ‘expertise to aid entrepreneurs execute on the some ideas, especially where sports and policy intersect.’
If the merger is actually off the dining table, the likelihood is that FanDuel could initiate a brand new round of funding of its own in order to stay competitive.
Rodrigo Duterte Backtracks US Comments, Country Continues Prohibited Gambling Crackdown
Philippines President Rodrigo Duterte is walking back comments directed at US President Barack Obama. Simply hours after Duterte said he does not answer to anybody ‘except the Filipino people’ and called Obama a ‘son of a bitch’ in his native Tagalog, the Philippines leader issued a quasi-apology through his spokesman.
Though it had been apparently Casual Monday for Rodrigo Duterte, the Philippine president still received the red carpeting treatment whenever he arrived this week in China, a courtesy perhaps not afforded to President Obama. (Image: Made Nagi/European Pressphoto Agency)
‘We look forward to ironing out our distinctions arising out of nationwide priorities and perceptions,’ the more calculated and civil statement read. ‘ Even though the immediate cause was my strong comments to specific press questions that elicited concern and distress, we additionally regret it came across being a personal attack regarding the United States president.’
Obama’s team canceled the meeting upon hearing Duterte’s initial remarks, however now say they are rearranging the engagement.
Obama has indicated he wants to satisfy utilizing the Filipino that is new president confront the latter’s handling of illegal drug dealers and extrajudicial killings. Duterte has given law enforcement the straight to kill suspected drug operators and split up cartels, and nearly 2,000 killings have taken spot considering that the 71-year-old took office on June 30, 2016.
Duterte recently did an about-face on a previous stance on internet gambling. After forcing the country’s gambling arm PAGCOR not to ever renew the working license for PhilWeb, he announced in late August that he was willing to allow on line gambling, if taxes were paid and when the gaming parlors that household them are situated far enough away from schools and churches.
Some 299 internet gaming cafes through the country have provided multimillions in tax revenue to the federal government. But also for PhilWeb Corp and its particular owner Roberto Ongpin, the celebration is apparently over. PhilWeb had claimed a license that is exclusive operate the cafes that offer eGames, ahead of the Duterte dictum.
However with so millions that are many potentially lost gaming tax income at stake, Duterte’s strong moral convictions seem to have, um, disappeared.
‘Pay the taxes being correct . . gamble until you die. I really do perhaps not really care,’ the Filipino president stated concerning the online gaming reinstatement.
Gaming Operators Enemy #2
Duterte has made no secret about their wishes to eradicate drug dealers from the Philippines. But close behind the narcotics trade are those involved with running illegal lotteries and gambling.
On September 6, the pinnacle police chief in Cagayan de Oro City announced that his agency would be increasing its efforts to restrict gambling that is non-regulated. The 10th-most populated city in the Philippines, the Cagayan de Oro chief said he will resign if his department cannot eliminate illegal gambling bands through the city within 8 weeks.
Local officials say underground video gaming is hampering product sales of town’s regulated lotto.
Duterte’s lead law enforcement official Ronald Dela Rosa, chief director regarding the Philippine National Police, states his force will go after illegal gambling once the current war on medications concludes in 6 months.
No Love from China
Duterte wasn’t the only diplomat that is international to show respect to Obama this week, either.
Like Duterte, President Obama is in Asia now for the G20 Summit. But when the president that is american, the normal red carpet staircase very nearly solely utilized to welcome international leaders was mysteriously absent.
In fact, Asia did not even offer a staircase lift to Air Force One. Instead, Mr. Obama exited the plane from a seldom-used staircase that comes out from underneath the belly of the aircraft.
‘They won’t even give him stairs, proper stairs, to get out of the airplane,’ Republican 2016 nominee Donald Trump said. ‘ If that were me, i might state, ‘You know what, folks, I respect you a lot but close the doors, let’s escape here.”
Trump made the remarks at an event in Ohio, and his challenger that is democratic was a long way away. With both candidates recognizing the importance of winning Ohio, Clinton and Trump’s airplanes passed each other while taxiing on the tarmac at Cleveland’s Hopkins International Airport this week.
A new CNN poll shows Trump leading Clinton by two percent, however the Real Clear Politics polling average still has the former secretary of state ahead by 3.3 points in exactly what’s growing to be one of many most dramatic presidential campaigns of days gone by 100 years.
Paddy energy Irish Billboard Pokes Fun At Trump with ‘Is Orange the latest Black?’ advertisement
A brand new Paddy Power billboard ad campaign in Ireland could be raising some eyebrows, but there is absolutely nothing new in that. The Irish bookmaker famously goes where no other company would dare, but its latest effort is perhaps the most uncomfortably smirk-stifling yet.
Orange is the New Black? Irish bookmaker Paddy Power is accustomed getting under people’s skin, but this time, it is exactly about what is on the exterior for the upcoming US election that is presidential. (Image: Paddy Energy)
Providing odds on among the prospects running for president of the usa, Paddy Power’s brand new billboard ad bears images of presidential GOP hopeful Donald Trump alongside Barack Obama, while asking if ‘Orange is the newest that is black’ a play on the most popular Netflix TV series about women in a minimum-security federal jail who wear orange jumpsuits.
The bookmaker manages to mock on our squeamishness at referencing battle and skin color, while lampooning the famously orange-faced Trump. As the Republican prospect seems to have softened his fake tan stance a bit within the last month or two, he’s been recognized to go full-throttle tangerine in the past.
Tangerine Dream
Paddy Power installed the billboard in Dublin within the weekend, in preparation for the exhibition that is forthcoming game between Boston College and Georgia Tech, hoping to draw the interest of visiting People in america.
‘With the gridiron attracting hordes of US visitors we thought we’d give them an insight that is little how their Republican candidate is faring in the betting,’ said a spokesman for Paddy Power. ‘Despite a few of Trump’s comments being more ill-advised than his hair, the billionaire is still very much in the competition and there exists a practical chance that orange will be the new black colored.’
To be honest, we never ever did we think we might live to see the orange that is first of the United States, but exactly what it’s likely Paddy Power giving The Donald of making history now?
Odds on Donald
At 3/1 against, Paddy Power believes there is a 25 percent chance of Trump making it to your White House, while Hillary Clinton remains the 4/11 favorite. Paddy Power has said that should Trump win the election, its customers are set in order to make around €1 million ($1.12 million), a figure that’s anticipated to increase in the coming months.
But while bookmakers are notoriously great at predicting the outcome of governmental events, we’re maybe not sure it applies here. Into the US, gambling on politics is illegal. And the majority that is vast of energy’s clients are British or Irish citizens, and therefore will never be voting.
Bearing that in brain, Paddy Power’s chances do not provide a cross-section for the views of American voters in every means, shape, or form. It is simply that more profit the united kingdom has been placed on Clinton. And with the polls leads to the US tightening between your two candidates, they could yet be painting the White House a deep shade of apricot come November 8.
Mesquite, Nevada Voters Want Smoke-Free Casinos, But Can Gaming Business Survive?
In Mesquite, Nevada, voters are set to ban smoking that is indoor all places of business. At the least, that’s what one city that is new shows in the small city of fewer than 18,000 residents that sits about 80 miles outside of Las Vegas.
Based on a poll conducted by Public Opinion Strategies, A virginia-based research firm, 62 per cent of Mesquite residents support a nearby ordinance to completely ban smoking indoors. That will change the law that is current continues to permit smoking at casinos, nightclubs, and some bars.
Smoking on gambling floors could soon be prohibited inside Mesquite, Nevada casinos, after having a brand new poll shows residents want climate inside all company establishments. (Image: Danny Drake/Press of Atlantic City)
Nevada passed the Clean Indoor Air Act in 2006, and made smoking inside workplaces and public structures illegal.
But the air that is clean included a carve-out for the state’s massive casino industry. While the Mesquite Citizens for Clean Indoor Air group now wants to improve that.
‘Everyone deserves to breathe clean air that is indoor. No body should have to lose their health for a paycheck,’ the coalition attempting to amend the populous city law states.
With help seemingly present, the Mesquite City Council could introduce an ordinance to outlaw all smoking that is indoor places of business and implement the latest statute in as little as 60 days.
‘It’s not up to your voters to decide. It is up to the populous town leaders,’ Christine Picior, a coalition member, told The Spectrum.
Smoke-Free Impact
The city that is small of sits northeast of Las Vegas on the Nevada and Arizona edge. The town that is historic heavily on tourism, using its casinos and pioneering history to lure visitors visiting and from las vegas in the I-15 interstate.
It remains unclear whether a casino smoking ban would bring brand new bettors to Mesquite, or turn away faithful customers. But it is likely that local residents, who also gamble, in addition to casino workers, are more enthusiastic about their own long-term wellness these days.
In Macau, a comparable crusade to ban smoking was not very successful. Though smoking is confined to designated lounges, workers complained patrons usually fail to adhere to the mandate and continue smoking on the general casino floor. In China (and Asia generally), the western’s campaign that links cigarettes and cancer does not seem to have taken off much, if at all, and citizens that are many still heavy cigarette smokers in that nation.
Last May, two lobbying organizations performing on behalf of casino employees called in the resorts to enact a citywide that is one-day smoking cigarettes ban on floors, smoking lounges, and VIP rooms. But with one in 2 Chinese citizens over the age of 15 reportedly a regular smoker, the casino companies didn’t budge.
No Hurray for Harrah’s
If Mesquite opts to ban smoking from its casinos, it mightn’t be the city that is first enforce such policies. Smoking is banned in all of the poker that is major in vegas, though smoking on primary casino floors continues to be commonplace.
Down south in New Orleans, however, city officials extinguished all butts in casinos as of April 2015. Exiling cigarette smokers to outdoor ‘smoking lounges,’ aka steel benches, caused revenues to fall, according to Harrah’s brand New Orleans. The city’s only land-based casino stated slot income fell 17 percent in the year after the ordinance that is new.
Proponents of clean indoor atmosphere says Harrah’s is utilising the smoking ban as an excuse, and point to riverboat casinos in other parts of Louisiana experiencing revenue that is similar outside of the smoking ban.
Possibly Pennsylvania has got the cigarette smoking predicament solved.
The Keystone State’s 12 casinos are allowed to designate up to 50 percent of the floor for smoker-friendly gaming. Dining areas are 100 percent smoke-free, since they are in nevada and many urban centers across America these days.