Fantasy sports companies FanDuel and DraftKings consent to combine
18 November 2016
A Scottish tech company which became a major player in the US fantasy sports market is to combine with its most significant competitor.
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FanDuel, which was founded in Edinburgh in 2009, has gone into a merger contract with DraftKings.
The deal, which goes through regulative approval, is anticipated to close in the yohaig code second half of next year.
FanDuel has workplaces in Edinburgh and Glasgow however moved its head office to New york city numerous years back.
DraftKings has its headquarters in Boston.
The companies bet9ja's welcome offer online fantasy contests across expert sports in the US, Canada and the UK.
Cost savings
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There are an estimated 57 million fantasy gamers in the US alone.
Both business have actually been facing regulatory and legal difficulties to their industry, with regulators in some US states ruling that dream sports companies' activities totaled up to unlawful gambling.
In a joint declaration on Friday, the business said that by combining and simplifying resources they might "accelerate deal with government officials to continue to establish a standard regulatory structure".
They also anticipate the "strategic merger of equals" to bring and cost savings and help the yohaig code combined company "accelerate its course to profitability".
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 market.
"While both business have actually achieved much already, this promotion code deal will develop a service that can offer a greater variety of offerings, interesting new users, including the 10s of millions of season-long dream players that have not yet attempted our products."
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Fantasy Sports Firms FanDuel and DraftKings Agree To Merge
indianapyle693 edited this page 2025-10-18 22:41:01 +00:00