Placing a wager is part of human nature. For as long as there has been organised sport, there have been spectators willing to place a bet on the outcome, and enterprising souls running sports books and calculating odds. Meanwhile, gambling-based games like keno were being played in the Chinese Han Dynasty more than three thousand years ago. x
Fast forward to the present day, and the world is a very different place, but our fondness for gambling is undiminished. That’s as true on The Strip in Las Vegas as it is at England’s historic racetracks, where even Her Majesty Queen Elizabeth likes to place a bet on the horses!
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Updated / Wednesday, 12 May 2021
12:51
FanDuel CEO Matt King has announced his intention to leave the company
Flutter Entertainment said today that Matt King, the chief executive officer of its FanDuel business, will be leaving the company and the betting group warned his exit would delay FanDuel s potential US listing.
Flutter s shares fell more than 3% in Dublin trading after the news.
The owner of Paddy Power, Betfair and PokerStars also said it was keeping the FanDuel floatation under review and was looking for a successor to King. With FanDuel well positioned for the next chapter of its growth and always an entrepreneur at heart, now is the time for me to take on new opportunities as the next step in my career, King said in a statement.
Kambi heads for Indian Country
12th May 2021
7 minutes read
The sportsbook technology provider believes that a focus on “local heroes” can help it continue to carve out meaningful US market share, and aid further expansion through tribal partnerships.
On the operator side, the undoubted early-stage winners of the Professional and Amateur Sports Protection Act’s (PASPA) repeal were the legacy daily fantasy businesses. On the B2B side, Kambi has been a huge beneficiary. Kambi took the first legal online bet in New Jersey, and as the third anniversary of PASPA’s repeal approaches, is now live and generating revenue in 14 states.