Fantasy sports firms FanDuel and DraftKings concur to combine

18 November 2016

A Scottish tech company which became a significant player in the US fantasy sports market is to combine with its greatest rival.

FanDuel, which was founded in Edinburgh in 2009, has entered a merger arrangement with DraftKings.
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The transaction, which goes through regulatory approval, is expected to close in the yohaig code 2nd half of next year.
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FanDuel has workplaces in Edinburgh and Glasgow however moved its head office to New York numerous years back.
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DraftKings has its head office in Boston.

The business use online dream contests throughout professional sports in the US, Canada and the UK.
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Cost cost savings

There are an estimated 57 million dream gamers in the US alone.

Both companies have actually been dealing with regulative and legal obstacles to their industry, with regulators in some US states ruling that dream sports companies' activities amounted to betting.
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In a joint statement on Friday, the business said that by combining and streamlining resources they could "speed up work with government authorities to continue to establish a basic regulative structure".

They also anticipate the yohaig code "tactical merger of equals" to bring performances and cost savings and assist the combined business "accelerate its course to profitability".

FanDuel chief executive Nigel Eccles stated: "Having the ability to combine DraftKings and FanDuel provides a remarkable opportunity for us to further innovate and interfere with the sports market.
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"While both business have achieved much already, this promotion code deal will create a service that can bet9ja's welcome offer a greater range of offerings, attracting brand-new users, consisting of the tens of millions of season-long fantasy gamers that have not yet tried our items."
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