SureTrader Nadex Advertisement SureTrader
Home > Boards > US Listed > Miscellaneous >

DraftDay Fantasy Sports (FNCX)

FNCX RSS Feed
Add FNCX Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 4/26/2017 10:26:11 AM - Followers: 38 - Board type: Free - Posts Today: 1

DraftDay Fantasy Sports DDAY formerly known as Viggle - VGGL

A deal to sell daily fantasy sports site DraftDay is finally complete, with Sportech PLC and Viggle Inc. taking over the DFS platform.

The details of the DraftDay deal

A planned deal for Sportech to acquire DraftDay from MGT Capital Investments had been in the works since at least June, when the principles talked about the potential transaction. But it took nearly three months for the sale to become a reality, and it came in a different form than originally announced.

This is the second time DraftDay has been sold since its launch in 2011.

The deal forms a new company: DraftDay Gaming Group, Inc. It will continue to exist as a site that players can use directly for DFS, but it is likely that the new venture will try to leverage DraftDay more as a business-to-business product. From the press release:

DraftDay will be the differentiated platform in the industry, having a leadership team highly experienced in B2B aggregated network operations and regulated gaming markets.

Other details from the press release on the deal:

  • The breakdown of the ownership group: Viggle owns 44%, Sportech owns 35%, MGT owns 10%, with “employees and other shareholders owning the balance,” according to the presser.
    Rich Roberts, current President of Sportech Digital, will serve as DraftDay CEO. Sportech’s Nic Sulsky will be president. Viggle CFO John Small will take over that same role at DraftDay.
    MGT received “approximately $5 million in total consideration” in the transaction.

How DraftDay fits with Viggle

Previously, Sportech had been the driving force behind the deal, it had appeared, and it still maintains a major role in the new company. But it’s interesting to note that Viggle, which had not been a part of the originally announced deal, now owns the largest piece of DraftDay.

Viggle describes itself as “an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music.”

Viggle is already acquainted somewhat with the fantasy industry, as it also has a pair of freeplay sports games that allow players to earn rewards — MyGuy and Viggle Football. The former is a fantasy-style game, while the latter is more of a prediction-based game. DraftDay will be Viggle’s first foray into real-money fantasy, however.

Viggle also notes that it has an “average monthly total reach of 23.6 million for the three months ended June 30, 2015, including nearly 10 million Viggle registered users.” Without knowing more details about DraftDay’s plans, it would appear that Viggle has designs on converting some of those users to the DraftDay platform.

How successful that might be is an open question, although freeplay or social casino/poker operators making the transition to real-money games have met with difficulties; see the case of Zynga Poker, which unsuccessfully tried to move to a real-money product in the U.K.

Sportech’s role

While Viggle had not been a part of the real-money gaming industry previously, that’s where Sportech’s expertise will undoubtedly come in.

Sportech, a company based in the U.K., already provides pool betting systems and technologies, operates sports bar and wagering venues under licenses, and according to its website, it processes “over $13 billion bets annually.” Sportech does operate in the U.S., providing horse-racing betting “equipment, services and software” in a number of states, as well as operating racebook services for Connecticut’s Mohegan Sun tribe.

“We are delighted to have expanded our product portfolio in the U.S. into the rapidly growing daily fantasy sports sector, in association with industry partners Viggle and MGT,” Ian Penrose, Chief Executive of Sportech said in a separate press release.

The bottom line: Sportech has the resources and knowhow to leverage DraftDay as a B2B product in some jurisdictions.

Definitely a different business model

No matter how you slice it, DraftDay does not appear to have plans on competing to be in the upper echelon of the daily fantasy sports industry with the likes of FanDuel and DraftKings, which would be a lofty goal for any second-tier operator not named Amaya, Yahoo or CBS. That was made clear in an article at EGR North America (paywall), with Penrose saying as much.

Focusing on the B2B side of the DFS industry, which is still a largely untapped market, appears to be where the future of DraftDay lies.

http://www.draftdaygaming.com/

 
 

Home

 

Player Liquidity

DraftDay Gaming has the player liquidity you need to get started in the daily fantasy sports industry. We have a full group of active players participating in our games, and provide you with the resources to acquire new customers with fantastic promotions and incentives. With DraftDay Gaming you can rest assured that all of your new player acquisitions will have more than enough action to stay active! Learn more.

 

Innovative Games

DraftDay Gaming offers the most innovative games in the industry. We have many game types to ensure your players will always have a contest to play. From our robust salary cap game offerings to our extremely unique Rapid Fire contests and live snake drafts we have you covered! Take all of our games for a test drive now! Click here.

 

Cross Platform Ready

DraftDay Gaming has everything covered. No matter how new players access your site they will be able to play ALL of our games! One of the largest struggles with daily fantasy sites is the cross platform accessibility. DraftDay Gaming works on most devices from personal computers to iPhones. We are also working on new apps which will be hitting the market soon. Learn more.

 
 
 
30,000,000
Dollars paid out to date
 
100,000+
Player Base
 
1000's
Of Daily Leagues
 
 

Contact Us

Ready to get started? Have questions? Contact us now!

Send Mail
 
 

Partner Announcements Coming Soon!

 
 
 

testimonials

 
 

It’s one of those sites that you are going to stick with because you love the process. You play better on sites that you can get into a rhythm with, and it’s super easy to join contests after you draft your team.

It’s not glitchy, this site is super clean and fast! It takes way less time to enter contests versus the competitors.

The live scoring is by far the BEST. It’s a great site.

naapstermaan, Professional DFS player
naapstermaan

The customer interface is outstanding for both the full site and the mobile site. Each day I am able to do my research offline, quickly enter my lineups and then adjust as needed via the mobile site. In addition, their customer service is outstanding.

I also love their willingness to continue to be innovative with their game offerings & customer retention programs. It has quickly become my site of choice within the industry!

bsell25, Daily Fantasy Player

There is simply no comparison when it comes to functionality. From opening an account to drafting your first team, the entire process is intuitive and user-friendly.

My favorite features are the multi-lineup edit tool, which allows me to seamlessly manage multiple rosters, and the live scoring screen, which allows me to follow all the action without ever leaving the site.

CrazyGabey, Fantasy Writer - Player
 
 
 
 
Copyright © 2015 - All Right Reserved - DraftDay Gaming Group, Inc.
 
 

October 9, 2015

CT venues taking fantasy football bets

 
 

You no longer have to go online or to a crowded American Legion Hall to pick your fantasy football teams with a dozen friends. You can head out to 14 venues throughout Connecticut to get your fantasy fix.

DraftDay Gaming Group has entered into a partnership with Sportech Venues, Inc. to start offering daily fantasy sports betting. DraftDay is a competitor to FanDuel and DraftKings, which are under increasing scrutiny for their business practices.

British online gambling operator Sportech, which runs a network of horse and greyhound-racing parlors across Connecticut, has a minority stake in pay-for-play fantasy sports website DraftDay.com.

Sportech Venues' locations, branded as "Winners," range from local betting parlors to a 50,000 square foot flagship venue, Bobby V's Restaurant and Sports Bar (located adjacent to Bradley International Airport), the next generation in premier sports entertainment and wagering venues. Sportech's second Bobby V's flagship Sports Bar & Restaurant with wagering will open in Stamford, CT.

http://www.hartfordbusiness.com/article/20151009/NEWS01/151009918/ct-venues-taking-fantasy-football-bets

As previously reported at HartfordBusiness.com, Sportech and New York-based Viggle Inc., which operates a television loyalty program and also launched a fantasy sports app several years ago, said together they paid a total of $5 million to DraftDay's owner, New York-based MGT Capital Investments Inc.

  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
FNCX
Current Price
Volume:
Bid Ask Day's Range
SureTrader
FNCX News: Additional Information (definitive) (defa14c) 04/25/2017 05:31:55 PM
FNCX News: Information Statement - All Other (definitive) (def 14c) 04/25/2017 05:31:04 PM
FNCX News: Current Report Filing (8-k) 04/20/2017 06:01:32 AM
FNCX News: Current Report Filing (8-k) 04/19/2017 08:32:24 AM
FNCX News: Current Report Filing (8-k) 04/17/2017 01:49:47 PM
PostSubject
#542   Volume uptick. $FNCX Lone Wolf 04/26/17 10:26:10 AM
#541   Looking like accumulation here has begun. Question Lone Wolf 04/25/17 11:09:58 AM
#540   No shares in the market: hondaboost 04/25/17 11:03:52 AM
#539   Huge bids piling up, 135k shares at $0.61 ! hondaboost 04/25/17 10:37:55 AM
#538   FNCX, Target set: $3.2. It's creeping there. hondaboost 04/25/17 10:31:52 AM
#537   April 19, 2017 4:26pm Email to DraftDay users... Liquid_Bull 04/19/17 06:12:04 PM
#536   * * $FNCX Video Chart 04-19-17 * * ClayTrader 04/19/17 04:27:14 PM
#535   Should be a nice gap up tomorrow mrpickem 04/19/17 03:55:28 PM
#534   GHOST TOWN..... HighrLevel 04/19/17 03:18:00 PM
#533   Nice buys coming in!!! HighrLevel 04/19/17 02:15:24 PM
#532   Here we go!!! HighrLevel 04/19/17 01:48:34 PM
#531   Looks like a Breakout coming mrpickem 04/19/17 01:47:03 PM
#530   Good read Compsource1 04/17/17 09:11:45 PM
#529   An Apple A Day Keeps The Boredom Away, Liquid_Bull 04/17/17 08:34:14 PM
#528   * * $FNCX Video Chart 04-12-17 * * ClayTrader 04/12/17 05:02:55 PM
#527   FNCX, Target set: $3.2. hondaboost 04/12/17 03:20:18 PM
#526   FNCX, $0.59, up 36% with Big volumes. O/S: hondaboost 04/12/17 03:19:31 PM
#525   LOAD UP AND HOLD.. N-2-DEEP 04/12/17 01:43:35 PM
#524   http://finance.yahoo.com/news/seethruequity-initiates-coverage-function-x-130000 Stock Seeker 04/12/17 11:57:52 AM
#523   Wow Awl416 04/12/17 11:41:54 AM
#522   Nice spike in volume and price. News to follow??? Sasquatch81 04/12/17 11:02:23 AM
#521   Good question. Is it dilution? SteezePleeze 04/10/17 11:29:07 AM
#520   break down more like it [SMART MONEY] 04/10/17 08:45:07 AM
#519   Wow what a great news loading zone for moneydreamer 04/04/17 08:39:01 AM
#518   Bargain Hunters Should Take a Look at Function(x) Liquid_Bull 04/04/17 07:50:58 AM
#517   https://www.iq-mag.net/2017/04/sillermans-function-x-clickbait-buying-spree/#.WO Shft66 04/04/17 01:17:11 AM
#516   http://postanalyst.com/2017/03/29/1-hedge-funds-buy-functionx-inc-fncx-for-the-f Shft66 03/29/17 11:37:40 AM
#515   Get your shares now if you want in... Liquid_Bull 03/28/17 03:39:03 PM
#514   http://finance.yahoo.com/news/function-x-inc-present-microcap-142000132.html Shft66 03/27/17 12:01:33 PM
#513   What a great end of the day here!!! TheInvincibleBull 03/23/17 09:37:39 PM
#512   oh yeah, im holding my boat load till NYCJR 03/23/17 08:34:00 PM
#511   Let's hope so! Nice bounce but still has CoreyLavish 03/23/17 04:25:53 PM
#510   FNCX - looks like it finally found bottom. Tim 03/23/17 03:29:03 PM
#509   Hey, Corey, so did we just close this? Gamblingmommy 03/18/17 11:04:02 AM
#508   it can easily pop back to 2 bucks NYCJR 03/15/17 08:04:45 PM
#507   Yeah bluddy Crazy what Job shorters did here,was europtiger 03/15/17 11:07:42 AM
#506   Naked shorts are killing this.. once it's over CoreyLavish 03/14/17 02:07:51 PM
#505   I really dont get it... what about the europtiger 03/13/17 10:37:10 AM
#504   I say Break out this week ;) europtiger 03/13/17 10:14:07 AM
#503   Looking good in super Little volume Lets see europtiger 03/13/17 09:37:15 AM
#502   I am just skiing,so will See soon ;) europtiger 03/13/17 09:08:29 AM
#501   Hey Euro...missed it. On the road now...busy Lone Wolf 03/13/17 09:05:32 AM
#500   Lets see,i Hope so ;-) europtiger 03/13/17 08:46:23 AM
#499   Looks like Details for the Deal europtiger 03/13/17 08:45:57 AM
#498   Good Morning lw! How do. you read the news? europtiger 03/13/17 08:10:26 AM
#497   Sitting and waiting. Right where the bounce Lone Wolf 03/10/17 04:47:35 PM
#496   $0.79 buy is a good buy imo Moe Mentum 03/10/17 12:47:24 PM
#495   Got me some more 0,79 here Would be ready... europtiger 03/10/17 11:10:53 AM
#494   I am thinking to bring a 1 Milli europtiger 03/09/17 11:50:54 AM
#493   They didn't like a recent offering. I Lone Wolf 03/09/17 11:43:29 AM
PostSubject