Originally Posted by
VegasJim
Story is hands down bull shit!
Companies are free-rolling on Hedge fun and Vulture Capital money they arent hurting for cash
In reality, there is plenty more in the tank from them investors who arent going to eat the massive loss they've incurred up to this point. Both fanduel and Draftkings their lobbyists etc all know this. So what they are doing by playing pauper a little here, is actually to project an image of being weak so the Attorney General of NY, and possibly others go lite on them with a fine.
Genius level play actually, wouldnt doubt Deadspin is a puppett in it even if unbeknost to them actually. A play on DK/fanduels part and their
smart money backers. nothing dirty and ilegal to underplay youre hand its part of the game. They have plenty more money behind from the VCs/Hedge funners who dont want to eat the massive loss up to this point, and are in it for the long haul. They believe in DFS actually the money peoples.
basically imo this is DK and fanduel posturing to appear vulnerable so they get hit with a ligter fine from the AG (or AGs)
Real smart actually minimize the hit they take in NY, reorganize VCs and hedge funners will come out with another round once this is all in the rear view mirror you can take that to the bank, promise. This isnt dumbmoney way to sophisticated to play an ABC game and this isnt an ABC line necessarily to try and reduce youre monetary penalties fomr State AGs. Maybe theyll have some mercy on them and hit them with a reduced fine.DK and fanduel using the rope-a-dope line here feigning weak, and in reality theres plenty of $ behind imo, from the same places its been coming from.
real smart actually to try and keep them fines lower...
feigning pauper