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Paddy Power Betfair Acquires Daily Fantasy Sports Operator DRAFT

Los Angeles – Paul Hastings LLP, a leading global law firm, announced today that the firm represented StarStreet, Inc., owner of fantasy sports gaming operator DRAFT, in its acquisition by Paddy Power Betfair, a leading international, multi-channel sports betting and gaming operator. The transaction closed on May 9, 2017. It represents Paddy Power Betfair’s entry into the daily fantasy sports market in the United States.

The Paul Hastings team was led by partner David Hernand, and also included of counsel Ron Ben-Yehuda and associates Michael Renner, Stuart Downey, Amy Lawrence and M'Alyssa Mecenas.

At Paul Hastings, our purpose is clear—to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.