Rotoworld fantasy sports news and analysis for NFL, MLB, NBA, NHL, CFB, Golf, EPL and NASCAR. ATLANTIC CITY, N.J. (AP) — Bally's continued its acquisition juggernaut Monday, acquiring the daily fantasy sports company Monkey Knife Fight in an all-stock transaction that further widens the. Texas Taking Another Swing At Legalizing Daily Fantasy Sports A Texas state representative appears determined to legalize daily fantasy sports, which are already being played in the state. Joe Moody filed HB 393, which would define daily fantasy sports as a game of skill and make it legal to win prizes in DFS contests.
ATLANTIC CITY, N.J. (AP) — Two major casino companies announced deals Monday with daily fantasy sports providers as they seek to expand their reach and integrate different forms of fan engagement with professional sports into their gambling operations.
In the first deal, announced Monday morning, Bally’s continued its acquisition juggernaut by acquiring the daily fantasy sports company Monkey Knife Fight in an all-stock transaction that further widens the fast-growing company’s drive to add casino, online sports betting and media companies.
Later in the day, Caesars Entertainment announced a strategic investment in SuperDraft, a daily fantasy sports company launched in September 2019, with the option to acquire the whole company over time.
Daily fantasy sports involves players assembling virtual rosters of professional athletes, and then competing against others based on the performance of those athletes in real life. It is played just for fun, as well as for cash.
There has been growing synergy between daily fantasy sports and sports betting; two of the original dominant fantasy providers, DraftKings and FanDuel, have become leading sports betting bookmakers in the U.S.
Providence, Rhode Island-based Bally’s becomes the third U.S. sports betting company to have a daily fantasy sports component, along with DraftKings and FanDuel.
Bally’s has been on a tear in recent months, adding gambling and media properties as it aims to become a major national player.
“With this acquisition, we are pleased to enter into the high-growth (daily fantasy sports) market,” said George Papanier, the company’s president and CEO. “Monkey Knife Fight is a unique asset that we look forward to incorporating into Bally’s constantly growing omnichannel portfolio of land-based casinos and iGaming platforms.”
Bally’s recent moves include the purchase of Bally’s casino in Atlantic City, a media partnership with Sinclair Broadcast Group and its pending acquisition of Bet.Works.
The company plans to integrate Monkey Knife Fight’s geographic presence in 37 states, Washington, D.C., and Canada, with Sinclair’s portfolio of 21 regional sports networks.
Monkey Knife fight has about 180,000 registered users, 80,000 of whom have made monetary deposits in order to play.
Papanier said Monkey Knife Fight will support Bally’s plans to develop a potential customer database in states that have not yet adopted sports betting but which are considered lucrative potential markets, including California, Florida and Texas, as well as in Canada.
The deal is expected to close in the first quarter of 2021.
Caesars did not divulge the amount of its investment in SuperDraft, which operates in more than 35 states.
“We’re super excited to be part of Caesars’ powerful gaming ecosystem,” said Steve Wang, CEO and founder of SuperDraft. “Daily fantasy players deserve a breath of fresh air, and we’re here to transform the industry. SuperDraft is now well-positioned to accelerate its growth with financial staying power while broadening its consumer appeal with bigger contests and better rewards to players of all interest levels.”
Daily Fantasy Sports News In Iowa
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PREDICTING THE X FACTOR
What’s up daily fantasy gamers? As you preparing your daily fantasy sports strategy? It’s a certainty that you are doing your due diligence in preparations for the pretend team that you are going to purchase and have ownership for this weekend. Make no mistake though – the same people that you are competing against that you don’t even know are reading the same articles that you are.
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Articles about daily fantasy sports strategy who to play and who to bench, flames and lames and absolutely positively must starts. So you are taking that knowledge and merging it with your current “gut” feeling and bidding on players. That’s great, the only problem, is dozens of other participants are doing the same, and all this is doing is driving the price up and diminishing the value of these players.
If ten experts rate their top 3 at every position you will likely get a cast of players that is the same week in and week out. At WR you’ll have Dez Bryant, Calvin Johnson, Damaryius Thomas, Jordy Nelson and Brandon Marshall, and in standard fantasy leagues this makes sense even if it rarely comes to fruition. Out of the top 5 WRs through the first 8 weeks Randall Cobb and Jeremy Maclin are rarely projected to be in the top 3 but both find themselves on this list. Antonio Brown is currently the top WR and wasn’t even close to the top 5 projected at the start of the season. Through the first 8 weeks only Thomas has been the top WR multiple times. What does all of this mean? When drafting in daily leagues it is essential that you don’t get sucked in to paying top dollar for a top rated position players that your competitors are already fighting you for.
Let’s take week 8 for example. The top players at their positions were Roethlisberger, Emmanuel Sanders and Arian Foster with Gronkowski in the TE spot. Teams winning their leagues and eventual cash this week likely had at least 2 of these players. None of which they paid big money for. All of that to say this; these players are considered X factors and every daily winner has them on their team. Several big names finished in the top 5 of the positional rankings this week so it should come as no surprise when your value players out perform your top dollar players. Identifying the X factors ahead of time takes care of half the battle. Through the first 8 weeks there have been 8 different QBs atop the weekly standings including Joe Flacco. No Brees and no Brady. This why QBs should never drain your budget AND guys like Golden Tate, Jeremy Maclin, Steve Smith Jr., Emmanuel Sanders and T.Y Hilton are all examples of X Factor daily fantasy sports strategy you should get out in front of on draft day. Recognize these players ahead of time, get them on the cheap, and hope they go off.
Hopefully these X factors at every position will lead you to fantasy gold!
Daily Fantasy Sports News In Iowa
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