• The Supreme Court Killed a Prohibition on Sports Betting. Now Let the Mergers Begin

    8 days ago - By Fortune

    Paddy Power Betfair is in talks to merge its U.S. unit with closely held website FanDuel as the Irish bookmaker positions itself for expanded sports betting in the U.S. following a Supreme Court ruling this week.
    "Discussions are ongoing and there is no certainty as to whether agreement will be reached, or as to the terms or timing of any transaction," Dublin-based Paddy Power Betfair said in a statement Wednesday. The deal would "create a combined business to target the prospective U.S. sports betting market."
    The talks may be the start of a wave of deals involving betting companies in...
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  • Supreme Court Ruling May Wind Up Helping Sports Media The Most

    8 days ago - By Forbes

    Sports media might be the big winner now that the Supreme Court paved the way for sports betting to be legal in many more states in the US. While the government figures out how it will happen, TV and radio are counting on greater audiences.
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  • Irish bookmaker Paddy Power confirms takeover talks with fantasy sports company FanDuel after landmark US ruling

    Irish bookmaker Paddy Power confirms takeover talks with fantasy sports company FanDuel after landmark US ruling

    8 days ago - By Business Insider

    Paddy Power Betfair confirms takeover talks with US fantasy sports startup FanDuel.
    Talks are ongoing and a deal is not guaranteed.
    The talks come after a landmark ruling from the US Supreme Court on Monday that opens the door for legalised sports betting in the US.
    LONDON - Irish bookmaker Paddy Power Betfair has confirmed takeover talks with US fantasy sports company FanDuel.
    Paddy Power said in a statement on Wednesday that it is "in discussions regarding a potential combination of the Group's US business and FanDuel to create a combined business to target the prospective US sports...
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