Fantasy Sports Gamble Ends With Banks on Hook for Unsold Loans
Wall Street gambled — and lost — on a $1.64 billion loan for a lottery company backed by a Czech billionaire to fund a majority stake in a fantasy sports...
By Claire Ruckin, Jeannine Amodeo · Bloomberg Markets
Wall Street gambled — and lost — on a $1.64 billion loan for a lottery company backed by a Czech billionaire to fund a majority stake in a fantasy sports operator in Atlanta.