SportsHub Technologies acquires RG Ventures assets

SportsHub will operate the games under the trade name "CDM Sports." The acquisition signals SportsHub's first move into the season-long fantasy sports business with expectations of more consolidation in the near term.

"For more than two decades, CDM Sports has established a reputation as one of the most trusted brands in the season-long pay-to-play fantasy sports industry," said SportsHub Technologies CEO Rob Phythian. "The users that play CDM games love to compete for cash prizes and socialize with other users they have known for years. We value these loyal customers and understand the opportunities to grow a business built around season-long games."

The CDM Sports domain will become part of the SportsHub Technologies network of season-long fantasy games. Additionally, CDM's popular Diamond Challenge and other traditional season-long fantasy baseball games will go live in March. Charlie Wiegert, one of the original founders of CDM Fantasy Sports in the 1990s and a member of the FSTA Hall of Fame, will be part of the team operating contests for SportsHub Technologies under the CDM Sports brand going forward.

Phythian added: "We look forward to welcoming back the thousands of loyal players who have been waiting patiently to get their 2016 leagues started. Long time players can be assured that we will keep gameplay consistent and continue to provide a suite of games where all players have a chance to win."