Draftkings New York
Draftkings New York 3,9/5 9496 votes
Fantasy sports website DraftKings, which is being put through the ringer by New York Attorney General Eric Schneiderman, will leave the Noho digs that it leased just a few months ago.
Fanduel New York
The firm will sublease its 23,500-square-foot space at Alvin Flaster’s 400 Lafayette Street in Noho, which the company leased in June.
In November, DraftKings and FanDuel – another billion-dollar fantasy sports site – were ordered to cease operations in New York State by the AG’s office, which accused them providing illegal gambling services.
A spokesperson for Draftkings denied that the decision to vacate the office was related to the company’s legal troubles.
Draftkings New York Status
Feb 06, 2020 DraftKings and FanDuel, which operate in 43 states, including New York, together accounted for almost all of the $390 million in revenue generated by daily fantasy sports in 2019, according to. Inclusion, Equity, & Belonging. As a technology company at our core, DraftKings believes that the best innovation comes from diverse perspectives, thoughts, beliefs, ideas, and experiences. We consistently push boundaries and challenge the conventional to ensure our culture and products reflect the expectations of our employees, and the customers we serve.
“We have made an operational decision to sublease our space at 400 Lafayette Street,” a spokesperson told Business Insider in an email. “This is a business decision and we are committed to continued operations in New York moving forward.”
Draftkings New York Legal
DraftKings had sought to sublease 10,500 square feet at the space, but changed its mind in November, choosing to occupy the whole area.
Draftkings New York Cuomo
The company is asking $72 per square foot. The asking price that DraftKings received was in the high $60s per square foot.
FanDuel, the other company targeted by Attorney General Eric Schneiderman, signed a lease in September for 41,000 square feet at Rockrose Development’s 300 Park Avenue South. [BI] – Ariel Stulberg