bet9ja.com
Fantasy sports firms FanDuel and DraftKings agree to combine

18 November 2016
bit.ly
A Scottish tech company which became a significant gamer in the US fantasy sports market is to combine with its biggest competitor.
bet9ja.com
FanDuel, which was founded in Edinburgh in 2009, has actually gone into a merger contract with DraftKings.

The deal, which goes through approval, is anticipated to close in the second half of next year.
bet9ja.com
FanDuel has offices in Edinburgh and Glasgow however moved its headquarters to New york city a number of years ago.
bit.ly
DraftKings has its head office in Boston.

The business offer online dream contests throughout professional sports in the US, Canada and the UK.

Cost cost savings

There are an approximated 57 million dream players in the US alone.

Both companies have been dealing with regulative and legal challenges to their industry, with regulators in some US states ruling that dream sports companies' activities amounted to illegal gambling.

In a joint declaration on Friday, the companies said that by integrating and streamlining resources they might "accelerate deal with federal government authorities to continue to develop a standard regulatory structure".

They likewise expect the "strategic merger of equals" to bring performances and cost savings and assist the combined business "accelerate its path to success".

FanDuel president Nigel Eccles stated: "Being able to combine DraftKings and FanDuel presents a tremendous opportunity for us to even more innovate and disrupt the yohaig code sports industry.
bet9ja.com
"While both companies have actually achieved much already, this promotion code deal will produce a company that can provide a greater variety of offerings, attracting brand-new users, consisting of the tens of countless season-long dream gamers that have not yet attempted our products."

Fantasy sports firm set for UK debut

27 July 2016

FanDuel threatened by US policies

16 May 2016

FanDuel backs brand-new US regulative moves
bet9ja.com
20 November 2015

Fanduel hit by New york city 'betting ban'

12 November 2015

Fantasy sport firm prepares expansion

28 July 2015
bet9ja.com
FanDuel

Opta