Tag: 夜上海论坛VA


DraftKings, FanDuel merger violates antitrust laws, FTC says


first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersDraftKings and FanDuel will “consider all options” in response to the FTC’s complaint. For the time being, the companies will remain separate.An administrative trial is set for Nov. 21. Any hopes of a merger are highly unlikely before the NFL season, which has long been the daily fantasy industry’s most lucrative time of year.Once bitter rivals jockeying for position atop a nascent, booming industry, DraftKings and FanDuel announced their intentions to merge in November, with few details of how such a merger might work. In spite of tensions between their CEOs, a deal was brokered after the two companies found themselves bogged down in a slew of expensive, state-by-state legal battles.Yet as both settled their once-profound differences to preserve a future as the industry’s leader, antitrust concerns always loomed.The FTC complaint also raises further questions about the future of daily fantasy sports in California. While Becerra has not issued an official stance on the industry’s legality in the state, his inclusion in the complaint’s filing is a sign the attorney general’s office could pose a serious obstacle for the industry in one of its most crucial states. California’s previous attorney general, Kamala Harris, was mum on daily fantasy’s legality, before she was elected to the state’s open U.S. Senate seat. The California State Assembly unanimously passed a DFS bill in January. Since, the bill has been dormant, with little word on whether it will be revived in 2017.The daily fantasy industry has faced its fair share of obstacles the past two years. Thirteen states have legalized daily fantasy sports contests. But many more challenges, not limited to the FTC’s complaint, lie ahead. The planned merger of daily fantasy sports leaders DraftKings and FanDuel is on hold, after the Federal Trade Commission announced Monday it would file a complaint to block the merger on grounds it violates antitrust laws.The complaint, which will be filed jointly with the office of California Attorney General Xavier Becerra, alleges the merged company would control more than 90 percent of the daily fantasy sports market, thus potentially representing a monopoly.“This merger would deprive customers of the substantial benefits of direct competition between DraftKings and FanDuel,” Tad Lipsky, acting director of the FTC’s Bureau of Competition, said in a statement. “The FTC is committed to the preservation of competitive markets, which offer consumers the best opportunity to obtain innovative products and services at the most favorable prices and terms consistent with the provision of competitive returns to efficient producers.”In a joint statement responding to the FTC’s announcement, DraftKings and FanDuel expressed disappointment in the decision, noting the two companies “continue to believe that a merger is in the best interests of our players, our companies, our employees and the fantasy sports industry.”center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more


Suspects confess to shooting Essequibo barber


first_imgInjured Troy HerculesAfter intense grilling by detectives from G Division (Essequibo Coast and Islands), the two suspects who were apprehended in connection with the violent robbery committed on a barber have confessed.Forty-two-year-old Troy Hercules, also called “Akee”, was shot on Saturday by gunmen in front of his Henrietta, Essequibo Coast home. Hercules is presently in the Intensive Care Unit (ICU) at the Suddie Public Hospital.The injured man on life supportSixteen-year-old Mahindra Giranandan, also called Anish, of Adventure, Essequibo and 23-year-old Mark Rafino, of Queenstown village, Essequibo have admitted to Police that they indeed robbed and shot Hercules. Both suspects were trying to escape the Region (Pomeroon-Supenaam) when Police nabbed them at Supenaam and Parika respectively.During a search of one of the suspects, detectives discovered a quantity of jewellery suspected to be Hercules’ and a .32 pistol with 11 matching rounds. Information revealed that the two unemployed men were seen earlier at Queenstown village at the same barbecue Hercules was attending on the night of his birthday. At the time, Hercules was reportedly wearing several heavy gold chains, rings and a band worth $3.5 million. Investigations revealed that the duo tailed Hercules to his home and when he exited his vehicle, they attacked, shooting him four times as they relieved him of his belongings.Hercules was rushed into the theatre at Suddie Public Hospital on Saturday morning for emergency surgery. The four bullets were successfully removed from his chest and legs.According to the victim’s reputed wife, Sheoma Critchlow, his condition is improving and he has regained consciousness. She, however, noted that he was crying out for pain about his body.Family members of the injured man are calling on the Police to thoroughly investigate the matter, contending that the gunmen should be dealt with according to the law.Hercules is the owner of the popular barber shop, Future Cut. Police are continuing their investigations and charges will soon be laid against the duo.last_img read more