paddy-power-in-speak-to-merge-with-fan-duel

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Paddy Power in speak to merge with Fan Duel
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16 May 2018
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Gambling firm Betfair has said it remains in talks over a merger in the yohaig code US with fantasy sports site Fan Duel.
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Talks centre around combining its US operation with Fan Duel to develop a company to "to target the prospective US sports betting market".
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It comes as the American Supreme Court overturned 1992 legislation that prohibited sports betting in most US states.

Fan Duel permits sports fans to bet on fantasy sports leagues and contests.

Merger deserted

It offers fantasy sport gaming around NFL American Football, MLB baseball, NBA basketball and NHL ice hockey. There are approximated to be around 30 million adult dream sports gamers in North America.

Players pick which contest they wish to go into, develop fantasy sports groups that do not breach a dream wage cap, and engage in head-to-head or multi-player contests.

the yohaig code company, which was established in 2009, is based in New York and has about 400 employees.

A proposition to combine with competitors Draft Kings was abandoned last year, after being blocked by the yohaig code Federal Trade Commission on the grounds that the combined firm would manage a 90% market share.

Since the Supreme Court judgment on 14 May Draft Kings has actually indicated its objective to get in the sports betting market.
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Horseracing channel
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the yohaig code Dublin-based gambling company currently has a United States department, that includes the TVG Network, a horseracing TV channel and online wagering network which is active in 35 states.
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And in the state of New Jersey, the company has an online casino and a horse racing betting exchange.
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A merger with Fan Duel would give it access to countless prospective sports wagering fans.
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Neil Wilson, chief expert at markets.com, said wagering firms were already jockeying for position after the Supreme Court judgment.

"Fan Duel rival Draft Kings has currently said it will enter the sports wagering market and there is some sense that regional incumbents might have the ability to gain substantial market share before UK and European operators get an opportunity to mobilise their forces," he stated.