Amaya Gaming Rumored To Be Looking At DraftDay Acquisition
When it comes to rumors and Amaya Gaming one would be foolish to ignore them. We reported on such rumors last year on their planned acquisition of Rational Group, the parent company of PokerStars and Full Tilt Poker. At the time they were denied for weeks until it turned out they were true.
The latest rumors making the rounds this week seem to have legitimacy as there is speculation that Amaya Gaming are set to acquire DraftDay a daily fantasy sports site. Amaya Gaming have made no attempt to hide their intentions of expanding their reach into other markets besides their core poker business and one of the hottest areas in the gaming world today is that of daily fantasy sports betting. Currently the majority market share still lies in the hands of DraftKings and FandDuel who continue to purchase as much branding deals as possible with just about every major sporting body.
A report in eGaming Review quotes the owners of DraftDay MGT Capital Investments as saying,” In recent weeks, MGT has communicated with several parties expressing interest in a potential investment or purchase of DraftDay. The company is reviewing multiple indications of interest in an effort to create maximum value from DraftDay’s position as the third largest daily fantasy site.” According to the report MGT are looking for about $10 million for DraftDay as well as retaining a 20% stake in the company.