Fantasy Sports Firms FanDuel and DraftKings Accept Merge

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Fantasy sports companies FanDuel and DraftKings accept combine

18 November 2016

A Scottish tech company which ended up being a major player in the yohaig code US dream sports market is to combine with its greatest competitor.

FanDuel, which was founded in Edinburgh in 2009, has gone into a merger agreement with DraftKings.

The deal, which undergoes regulatory approval, is expected to close in the yohaig code second half of next year.

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

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

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

Both companies have actually been dealing with regulatory and legal challenges to their industry, with regulators in some US states ruling that fantasy sports firms' activities amounted to unlawful gambling.

In a joint declaration on Friday, the business said that by combining and enhancing resources they could "speed up deal with government authorities to continue to establish a basic regulatory structure".

They also expect the "tactical merger of equates to" to bring performances and cost savings and help the combined company "accelerate its course to profitability".

FanDuel primary executive Nigel Eccles said: "Having the ability to integrate DraftKings and FanDuel provides a tremendous chance for us to even more innovate and interrupt the yohaig code sports market.

"While both business have accomplished much currently, this promotion code deal will produce a company that can bet9ja's welcome offer a greater range of offerings, appealing to new users, including the 10s of millions of season-long dream players that haven't yet tried our items."