{"id":5365,"date":"2019-11-04T00:40:07","date_gmt":"2019-11-04T00:40:07","guid":{"rendered":"https:\/\/www.rivernilecasino.com\/?p=5365"},"modified":"2021-03-29T07:33:43","modified_gmt":"2021-03-29T07:33:43","slug":"diamond-eagle-looking-to-merge-with-draftkings","status":"publish","type":"post","link":"https:\/\/www.rivernilecasino.com\/diamond-eagle-looking-to-merge-with-draftkings\/","title":{"rendered":"Diamond Eagle Acquisition Looking to Merge with DraftKings for USA Daily Fantasy Sports"},"content":{"rendered":"<p class=\"post-modified-info\"><a class=\"last-modified-author\" href=\"https:\/\/www.rivernilecasino.com\/author\/lila\/\">Lila Thorn<\/a> | November 4, 2019 | Updated on: March 29th, 2021<\/p><p>In a move inspired by Flutter Entertainment, Diamond Eagle Acquisition is looking to merge with DraftKings. Reportedly, the two companies are in \u201cadvanced talks\u201d and their interest in the fantasy sports operator is no coincidence. Should the deal fall through, the fantasy sports operator will likely have to start raising capital.<\/p>\n<p>The USA market is starting to ban fantasy sports, though most states have legalized other forms of gambling. These decisions are coming fast, and the operator is starting to struggle. New market conditions, coupled with dwindling funds, is forcing DraftKings to speak to a \u201cvariety of companies regarding\u201d matters of business.<\/p>\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5366 size-full\" title=\"DraftKings Diamond Eagle Merger\" src=\"https:\/\/www.rivernilecasino.com\/wp-content\/uploads\/2019\/11\/draftkings-diamond-eagle-merger.png\" alt=\"DraftKings Diamond Eagle Merger\" width=\"500\" height=\"281\" srcset=\"https:\/\/www.rivernilecasino.com\/wp-content\/uploads\/2019\/11\/draftkings-diamond-eagle-merger.png 500w, https:\/\/www.rivernilecasino.com\/wp-content\/uploads\/2019\/11\/draftkings-diamond-eagle-merger-300x169.png 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/>\n<h2><span class=\"ez-toc-section\" id=\"Diamond-Eagle-Interested-in-Other-Gambling-Markets\"><\/span>Diamond Eagle Interested in Other Gambling Markets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While Diamond Eagle is a relatively new company, they seem determined to enter sports betting and other betting industries. It was founded by Actor Eli Baker and Hollywood producer Jeff Sagansky, which seems a bit suspicious. As of 31 October, the company claimed to be in \u201cexclusive negotiations\u201d with DraftKings. However, DraftKings refused to pass comment.<\/p>\n<p>If the deal is real, DraftKings could go public after their \u201crapid growth\u201d. Still, they\u2019re going to have to wait for state legislators before expanding further. States with legalized sports betting are also becoming competitive, and the odds aren\u2019t in favour of DraftKings. Exclusive sportsbooks are also very costly, as they\u2019ve found out in New Hampshire.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mobile-Sports-Gambling-on-the-Rise\"><\/span>Mobile Sports Gambling on the Rise<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Recently, Pennsylvania gave DraftKings the go ahead for a mobile sportsbook, one of the first in the state. Currently, they\u2019re operating in New Jersey, Indiana and West Virginia, to name a few. New Hampshire may tax them 50% of earnings, but it could be their most lucrative market. After all, it would handle every bet in the state.<\/p>\n<p>So, Diamond Eagle stands to make some serious profits if their merger is real. We\u2019ll be watching the reports, and will keep USA gamblers updated. Keep visiting <a href=\"\/\">RiverNileCasino.com<\/a> to get the latest news.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lila Thorn | November 4, 2019 | Updated on: March 29th, 2021In a move inspired by Flutter Entertainment, Diamond Eagle Acquisition is looking to merge with DraftKings. Reportedly, the two companies are in \u201cadvanced talks\u201d and their interest in the fantasy sports operator is no coincidence. Should the deal fall through, the fantasy sports operator [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5366,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8751,3531,1,8752],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Diamond Eagle in Advanced Talks to buy DraftKings \u2013 USA News<\/title>\n<meta name=\"description\" content=\"Diamond Eagle Acquisition is in \u201cadvanced talks\u201d to buy DraftKings and start cornering the Daily Fantasy Sports market. 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