FanDuel on whether it will sublease new NYC digs: “No, sir!” 

Fantasy startups ordered to cease operations in New York state 

New York /
Jan.January 08, 2016 03:45 PM

Fantasy sports startup DraftKings has opted to vacate its new Noho office digs amid controversy, but its primary rival FanDuel is staying put.

A spokesperson for FanDuel said the company plans to move into its new 41,000-square-foot office at Rockrose Development’s 300 Park Avenue South later this month as scheduled. When asked if there are any plans to sublease all or part of that space, the spokesperson responded, in an email, “No, sir!”

Both fantasy sports companies are facing heat from New York State Attorney General Eric Schneiderman. They were ordered in November to cease operations in New York State by the AG’s office, which accuses them providing illegal gambling services.

FanDuel, valued at $1.3 billion, signed for the top three floors of the property in September, with asking rents of roughly $80 per square foot. A representative for Rockrose declined to comment.

Meanwhile, DraftKings will sublease its new 23,500-square-foot space at Alvin Flaster’s 400 Lafayette Street, as previously reported. A spokesperson for that company denied that the decision is tied to its legal troubles.


Related Articles

arrow_forward_ios
Attorney General Letitia James with 198 Scholes Street, 11 Gunther Place, 506 Dekalb Avenue and 65 Kent Avenue (Illustration by THe Real Deal with Getty, Google Maps)
Yoel Goldman’s All Year Management investigated by NY attorney general
Yoel Goldman’s All Year Management investigated by NY attorney general
Tish James and Donald Trump (Illustration by The Real Deal; Getty)
Trump Org forms Delaware company, and AG suspects asset shelter
Trump Org forms Delaware company, and AG suspects asset shelter
Chris Jiashu Xu and the Skyline Tower (Skyline Tower)
Some Skyline Tower condo owners say they were deceived
Some Skyline Tower condo owners say they were deceived
From left: Keller Williams’ Richard Amato and Greg Masaitis; Laffey Real Estate's Philip Laffey and Mark Laffey; Attorney General of New York Letitia James (rear center) (Getty Images, Keller Williams, Laffey Real Estate)
Brokerages cough up $115k to settle Newsday discrimination claims
Brokerages cough up $115k to settle Newsday discrimination claims
Attorney General Letitia James (Illustration by Kevin Rebong for The Real Deal)
For rent law cheaters, the ultimate punishment: Endless stabilization
For rent law cheaters, the ultimate punishment: Endless stabilization
Attorney General Letitia James (Getty)
AG nails landlord for breaking rent law, promises more to come
AG nails landlord for breaking rent law, promises more to come
A photo illustration including a rendering of Third at Bankside in Mott Haven (top left), the Cunningham apartment complex in Queens Village (bottom left), and 47-05 Center Boulevard in Long Island City (right) (Google Maps, LoopNet, iStock)
Brookfield’s $438M Bronx deal tops outer-borough loans
Brookfield’s $438M Bronx deal tops outer-borough loans
Attorney General Letitia James (Getty, iStock)
Landlords who got aid are illegally raising rents: AG
Landlords who got aid are illegally raising rents: AG
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...