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FanDuel
FanDuel Group is an American gambling company that offers sportsbook, daily fantasy sports, horse racing, and online casino. The company operates sportsbooks in a number of states including New Jersey, Pennsylvania, Indiana and West Virginia, as well as an online horse race betting platform, and a daily fantasy sports service. The company was originally founded as a daily fantasy sports provider, and principally competed with DraftKings. In May 2018, amid the widening legalization of sports betting in the United States, FanDuel agreed to merge with the U.S. operations of Irish bookmaker Paddy Power Betfair (now Flutter Entertainment) to form FanDuel Group. The acquisition sought to leverage the company's existing brand recognition and user base, with FanDuel becoming the company's main U.S. brand. History FanDuel was founded by Nigel Eccles, Lesley Eccles, Tom Griffiths, Rob Jones and Chris Stafford on July 21, 2009 in Edinburgh, Scotland, as a pivot from Hubdub, a news predictio ...
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Daily Fantasy Sports
Daily fantasy sports (DFS) are a subset of fantasy sport games. As with traditional fantasy sports games, players compete against others by building a team of professional athletes from a particular league or competition while remaining under a salary cap, and earn points based on the actual statistical performance of the players in real-world competitions. Daily fantasy sports are an accelerated variant of traditional fantasy sports that are conducted over short-term periods, such as a week or single day of competition, as opposed to those that are played across an entire season. Daily fantasy sports are typically structured in the form of paid competitions typically referred to as a "contest"; winners receive a share of a pre-determined pot funded by their entry fees. A portion of entry fee payments go to the provider as rake revenue. In the United States, the daily fantasy sports industry was dominated by two competing services: the New York-based FanDuel, and the Boston-bas ...
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TVG Network
FanDuel TV is an American sports-oriented digital cable and satellite television network owned by FanDuel Group, the U.S. subsidiary of Irish bookmaker Flutter Entertainment. Formerly known as TVG and specializing in coverage of live horse racing, the network was rebranded as FanDuel TV in September 2022. Post-rebrand, the intent is to focus on mainstream sports and sports betting while retaining the TVG name for online horse wagering. History TVG (1999–2022) FanDuel TV was launched on July 14, 1999 as TVG (short for Television Games Network), and was founded as a joint-venture of TV Guide Inc. (which at the time was owned by both Liberty Media and News Corp.), National Thoroughbred Racing Association, and AT&T Broadband. In May 2006, TVG introduced several new programs to its schedule including ''Morning Line'', ''Fandicapping'', '':58 Flat'', ''Lady Luck'' (an all-female panel discussion program focusing on the day's races) and ''Drive Time'' (which covered exclusiv ...
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Flutter Entertainment
Flutter Entertainment plc (formerly Paddy Power Betfair plc) is an Irish gambling holding company created by the merger of Paddy Power and Betfair, and the later acquisition of The Stars Group. It is listed on the London Stock Exchange, and is a constituent of the FTSE 100 Index. It operates under various brands including Adjarabet, BetEasy, Betfair, FanDuel, Fox Bet, Full Tilt Poker, Paddy Power, PokerStars, Sky Bet, Sportsbet.com.au, Timeform and TVG Network. History Paddy Power and British rival Betfair agreed terms for a merger on 8 September 2015. The business is owned 52% by the former Paddy Power shareholders and 48% by the former Betfair shareholders. The merger was completed on 2 February 2016. On 5 April 2016, it was announced that 650 jobs in the United Kingdom and the Republic of Ireland would be lost at the company. On 18 October 2016, the company paid out $1.1M to those who bet on Hillary Clinton in the presidential election in the United States, citing a certain ...
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DraftKings
DraftKings is an American daily fantasy sports contest and sports betting company. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player performances in five major American sports (the MLB, the NHL, the NFL, the NBA and the PGA), Premier League and UEFA Champions League football, NASCAR auto racing, Canadian Football League, the XFL, mixed martial arts (MMA), Tennis, All Elite Wrestling (AEW), and WWE. DraftKings launched DraftKings Sportsbook in New Jersey. Since launching in New Jersey, DraftKings has opened mobile sports betting operations in Connecticut, Indiana, Pennsylvania, West Virginia and New Hampshire on December 30, 2019 after reaching contract with the New Hampshire Lottery. As of April 2016, the majority of U.S. states consider fantasy sports (including daily fantasy sports) a game of skill, rather than gambling.Bonesteel, Matt"NCAA athletes aren't allowed to play fantasy sports for money, ...
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TVG2
FanDuel Racing (formerly TVG2 and HRTV) is an American sports-oriented digital cable and satellite television network. It is part of the TVG Network and is owned by Paddy Power Betfair. Dedicated to horse racing, it broadcasts events from U.S. and international racetracks, as well as a range of English and Western horse competitions, news, original programming and documentaries History Horse Racing Television (HRTV) was launched on January 1, 2003 by the Magna Entertainment Corp. providing coverage of races at the 13 company-owned racetracks and programming from 60 other tracks. Magna used the network to promote their Xpressbet wagering system. The network was previously known as HRTV, and owned by the Stronach Group. In 2007, Stronach sold 50% of the network to Churchill Downs Incorporated. In February 2015, HRTV was acquired by Betfair, owner of the competing TVG Network. HRTV was consolidated into TVG Network's Los Angeles facilities, and re-branded as TVG2 on October 28, 2 ...
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Nik Bonaddio
Nik Bonaddio is an American Internet entrepreneur best known for founding and serving as the CEO of the popular sports analytics site numberFire. In 2017, he was named Chief Product Officer at FanDuel, who acquired numberFire in September 2015. Education Bonaddio was raised in Wexford, Pennsylvania, a suburb in the North Hills neighborhood of Pittsburgh, and graduated from nearby North Allegheny Senior High School. During his time at North Allegheny, he was featured multiple times in local newspapers for awards received for his online design collective, Lockjaw and was active in the soccer and tennis programs. He received a B.S. in 2004 from Carnegie Mellon University in Information Systems, followed by a M.S. in Information Systems Management in 2005. During his time at Carnegie Mellon, he was a two-time All-American athlete and record holder in track and field and a member of the Kappa Delta Rho fraternity. Career After graduation, Bonaddio began work at Yahoo! as a soft ...
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Valley Forge Casino Resort
Valley Forge Casino Resort is a casino in Upper Merion Township, Montgomery County, Pennsylvania, just outside of Philadelphia. Located in the King of Prussia census-designated place (CDP), it was constructed on the existing site of the Valley Forge Convention Center and opened on March 31, 2012. It is owned and operated by Boyd Gaming. History Valley Forge Plaza The casino complex originated as a mixed-use development called Valley Forge Plaza, constructed by developer J. Leon Altemose. The construction was highly controversial, because Altemose chose to use non-union workers. This led to protests by local union members, during one of which, on June 5, 1972, the construction site was firebombed. The first structures in the complex were the circular tower of the Sheraton-Valley Forge Hotel, an adjoining twin-screen cinema, and the connected curved executive office tower directly to the east, which opened in September 1973. In 1985, Altemose constructed an enormous addition on the w ...
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NumberFire
numberFire is a privately held company that offers statistical analysis of data around sporting events and sports fans, targeting fantasy sports players, digital media, writers, teams, and leagues. The site boasts over 700,000 subscribers and partnerships with ESPN, NFL, Sports Illustrated, USA Today, and SB Nation. History The company was founded in 2010 by Nik Bonaddio, who launched the initial version of the product following a successful appearance on ''Who Wants To Be A Millionaire''; the winnings from that show were used to found the company. Later that year, Bonaddio successfully pitched the company at the DisruptNYC conference held by TechCrunch in New York City, gaining an initial PR buzz and investor interest. The team quickly expanded in February 2011 with the hiring of Keith Goldner as chief analyst. Goldner has worked in the sports analytics industry with the Oklahoma City Thunder, Philadelphia 76ers, and ESPN among others. In late 2011, the company announced ven ...
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NumberFire
numberFire is a privately held company that offers statistical analysis of data around sporting events and sports fans, targeting fantasy sports players, digital media, writers, teams, and leagues. The site boasts over 700,000 subscribers and partnerships with ESPN, NFL, Sports Illustrated, USA Today, and SB Nation. History The company was founded in 2010 by Nik Bonaddio, who launched the initial version of the product following a successful appearance on ''Who Wants To Be A Millionaire''; the winnings from that show were used to found the company. Later that year, Bonaddio successfully pitched the company at the DisruptNYC conference held by TechCrunch in New York City, gaining an initial PR buzz and investor interest. The team quickly expanded in February 2011 with the hiring of Keith Goldner as chief analyst. Goldner has worked in the sports analytics industry with the Oklahoma City Thunder, Philadelphia 76ers, and ESPN among others. In late 2011, the company announced ven ...
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Hubdub
Hubdub was a web-based prediction market in which players used virtual money to trade predictions on future events. Over time users built up a portfolio of live predictions across their chosen categories of interest such as politics, sport, entertainment, technology or other categories. Each player's performance was tracked allowing them to compete on leader boards which demonstrate their knowledge and expertise in their chosen category. Background Hubdub launched at the DEMO 08 technology conference on January, 28th 2008. Politics and sports tend to be the most active categories followed by technology and entertainment. Hubdub had a largely U.S. audience base which was evidenced by its mainly U.S. news content. On January 14, 2009, the company announced that it had taken on board venture capital funding of $1.2m from Pentech Ventures although there was still considerable speculation around what commercial model the company will pursue going forward. PunditWatch On June 4, 2008, ...
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Meadowlands Racetrack
The Meadowlands Racetrack (currently referred to as Meadowlands Racing & Entertainment) is a horse racing track at the Meadowlands Sports Complex in East Rutherford, New Jersey, United States. The track hosts both thoroughbred racing and harness racing. It is known popularly in the region as "The Big M". Meadowlands has year-round horse racing as well as a number of bars and restaurants. History Opened in the mid-1970s, Meadowlands Racetrack held its first-ever harness race on September 1, 1976, while thoroughbred racing commenced on September 6, 1977. With the exception of the opening season of 1976, autumn has been dedicated to the thoroughbreds, while the rest of the year features standardbreds, or harness horses. The advertising campaign that accompanied the start of thoroughbred racing at the Meadowlands in 1977 was noted for its use of the slogan "Racing with the Moon", originally popularized in 1941 by bandleader Vaughn Monroe (alluding to the fact that post-time is in ...
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Fox Corporation
Fox Corporation (stylized in all-caps as FOX Corporation) is a publicly traded American mass media company operated and controlled by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in New York City. Incorporated in Delaware, it was formed in 2019 as a result of the acquisition of 21st Century Fox by the Walt Disney Company; the remaining assets that were not acquired by Disney were spun off from 21st Century Fox as Fox Corporation. Its stock began trading on March 19, 2019. The company is controlled by the Murdoch family via a family trust with 39.6% ownership share. Rupert Murdoch is chairman, while his son Lachlan Murdoch is executive chairman and CEO. Fox Corp. deals primarily in the television broadcast, news, and sports broadcasting industries. They include the Fox Broadcasting Company, Fox Television Stations, Fox News, Fox Business, the national operations of Fox Sports, and others. Its sister company under Murdoch's control, News Corp ...
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