Paddy Power in talk with combine with Fan Duel
bit.ly
16 May 2018
bet9ja.com
Gambling firm Paddy Power Betfair has stated it remains in talks over a merger in the US with dream sports site Fan Duel.

Talks centre around combining its US operation with Fan Duel to produce an organization to "to target the potential US sports betting market".

It comes as the yohaig code American Supreme Court overturned 1992 legislation that banned sports wagering in the majority of US states.
bit.ly
Fan Duel enables sports fans to gamble on fantasy sports leagues and contests.
bit.ly
Merger abandoned
bet9ja.com
It offers fantasy sport gaming around NFL American Football, MLB baseball, NBA basketball and NHL ice hockey. There are estimated to be around 30 million adult dream sports players in The United States and Canada.

Players choose which contest they wish to go into, construct fantasy sports groups that do not breach a dream income cap, and engage in head-to-head or multi-player contests.
bet9ja.com
The company, which was founded in 2009, is based in New York and has about 400 workers.

A proposition to merge with rivals Draft Kings was abandoned last year, after being blocked by the Federal Trade Commission on the grounds that the combined company would manage a 90% market share.
bit.ly
Since the Supreme Court judgment on 14 May Draft Kings has signalled its intention to go into the sports gambling market.

Horseracing channel
bet9ja.com
The Dublin-based betting firm currently has a United States division, which includes the TVG Network, a horseracing TV channel and online betting network which is active in 35 states.

And in the state of New Jersey, the company has an online casino and a horse racing wagering exchange.

A merger with Fan Duel would bet9ja's welcome offer it access to countless possible sports wagering fans.
bet9ja.com
Neil Wilson, chief analyst at .com, said wagering companies were currently jockeying for position after the Supreme Court judgment.

"Fan Duel rival Draft Kings has currently stated it will get in the sports wagering market and there is some sense that regional incumbents might be able to gain significant market share before UK and European operators get an opportunity to mobilise their forces," he stated.
bet9ja.com