fantasy-sports-firms-fanduel-and-draftkings-consent-to-merge

bit.ly
Fantasy sports firms FanDuel and DraftKings concur to combine
bit.ly
18 November 2016
bet9ja.com
A Scottish tech company which ended up being a major gamer in the US market is to combine with its biggest competitor.

FanDuel, which was founded in Edinburgh in 2009, has gotten in a merger contract with DraftKings.

The deal, which goes through regulative approval, is anticipated to close in the second half of next year.

FanDuel has offices in Edinburgh and Glasgow but moved its headquarters to New York several years ago.

DraftKings has its headquarters in Boston.

The companies use online fantasy contests throughout expert sports in the US, Canada and the UK.

Cost savings
bit.ly
There are an estimated 57 million dream players in the US alone.

Both business have actually been dealing with regulative and legal difficulties to their market, with regulators in some US states ruling that dream sports companies' activities amounted to unlawful gambling.

In a joint declaration on Friday, the companies stated that by combining and enhancing resources they might "speed up deal with government officials to continue to establish a standard regulatory structure".

They likewise anticipate the "strategic merger of equals" to bring effectiveness and cost savings and assist the combined business "accelerate its course to success".

FanDuel president Nigel Eccles said: "Being able to integrate DraftKings and FanDuel presents an incredible opportunity for us to further innovate and interfere with the sports industry.
bet9ja.com
"While both business have accomplished much already, this promotion code deal will develop an organization that can use a greater variety of offerings, appealing to new users, including the yohaig code tens of countless season-long dream gamers that have not yet tried our items."

Fantasy sports firm set for UK launching

27 July 2016
bet9ja.com
FanDuel threatened by US regulations

16 May 2016

FanDuel backs brand-new US regulative relocations

20 November 2015

Fanduel hit by New york city 'betting ban'

12 November 2015

Fantasy sport company plans growth

28 July 2015
bet9ja.com
FanDuel

Opta
bit.ly