Jet Airways didn't help us as we suffocated, suffered nose bleed: Passenger
[H]ardOCP: Audi Unveils an Electric SUV Called the E-Tron
Amazon plans 3,000 high-tech shops
Alibaba says US-China trade war ends US jobs promise
Paddy Power to buy New York-based fantasy sports site
17 May 2018, 03:04 | Kelvin Horton
Gambling site Nigel Eccles
Paddy Power Betfair plc, together with its subsidiaries, provides online interactive sports betting services in the United Kingdom, Ireland, Australia, the Unites States, and internationally.
The announcement makes it clear that for now the company has simply expressed its interest in the deal and no agreement has yet to be reached between Paddy Power Betfair and FanDuel.
Paddy Power shares, which rose sharply after the U.S. Supreme Court ruling, were up 5.4 percent at 0815 GMT. JPMorgan Chase lifted their price objective on shares of Paddy Power Betfair from GBX 8,420 ($117.43) to GBX 8,690 ($121.20) and gave the company a "neutral" rating in a research report on Friday, January 12th.
He added: "FanDuel rival Draft Kings has already said it will enter the sports betting market and there is some sense that local incumbents may be able to gain significant market share before UK/European operators get a chance to mobilise their forces". Sports gambling could begin in a matter of weeks in casinos and racetracks in New Jersey, which instigated the legal fight by repealing its gambling ban.
Paddy Power bought Fanduels rival Draft for $48m previous year and the FTSE 100 firm also has an online casino and horse betting exchange in New Jersey.
FanDuel was part of merger discussion a year ago with rival DraftKings but the plan was scrapped in July after a legal challenge by the US Federal Trade Commission.
FanDuel grew to become one of two Scots unicorns, with a $1 billion valuation, alongside Skyscanner. Deutsche Bank reissued a "buy" rating on shares of Paddy Power Betfair in a report on Friday, March 9th.
Paddy Power Betfair, European-based parent company of the US racing network and advance deposit wagering company TVG, is in negotiations to buy FanDuel, the fantasy sports site based in NY. If the FanDuel deal goes through, it would not be the company's first move into the USA market.
'With Friends Like That, Who Needs Enemies?'
Bulgaria, now holder of the rotating Presidency of the Council of the EU, is hosting the informal working dinner of EU leaders on the eve of the May 17 EU-Western Balkans summit in Sofia .
Oil holds near multi-year highs on Iran supply concerns
Britain must team up with Germany and France to do "everything we can" to salvage the deal, Admiral West said. Boeing separately struck another 30-airplane deal with Iran's Aseman Airlines for $3 billion at list prices.
South Africa's Sundowns lose 3-1 to Barcelona in friendly
The high-profile worldwide club friendly between Mamelodi Sundowns and Spanish powerhouses FC Barcelona is scheduled for tonight. Without him, the Blaugrana lost away to Levante, a result which ended their unbeaten run in La Liga .
Senate votes to save net neutrality rules
The agency's two Democrats at the time, Mignon Clyburn and Jessica Rosenworcel, voted to keep the rules on the books. The resolution needs only a simple majority of Senators present to pass.
What do you Hear, Yanny or Laurel?
Did you think it was Yanny or Laurel?? "The video is recorded in real life with sound coming out of my speakers". He played it for his peers, who disagreed over whether the syllables formed "Yanny" or " Laurel ".