Fantasy sports firms FanDuel and DraftKings accept merge
18 November 2016
A Scottish tech firm which became a significant gamer in the US fantasy sports market is to merge with its biggest competitor.
FanDuel, which was founded in Edinburgh in 2009, has actually entered a merger contract with .
bet9ja.com
The transaction, which goes through regulatory approval, is expected to close in the 2nd half of next year.
bit.ly
FanDuel has workplaces in Edinburgh and Glasgow but moved its headquarters to New York numerous years back.
DraftKings has its headquarters in Boston.
The business use online fantasy contests across expert sports in the US, Canada and the UK.
Cost savings
bet9ja.com
There are an approximated 57 million dream gamers in the US alone.
bit.ly
Both companies have been facing regulatory and legal obstacles to their market, with regulators in some US states ruling that fantasy sports companies' activities amounted to unlawful gambling.
bit.ly
In a joint declaration on Friday, the business stated that by combining and streamlining resources they could "accelerate work with government officials to continue to develop a standard regulatory structure".
They likewise expect the "strategic merger of equals" to bring efficiencies and expense savings and help the combined company "accelerate its path to profitability".
FanDuel primary executive Nigel Eccles said: "Having the ability to combine DraftKings and FanDuel provides a tremendous chance for us to further innovate and interrupt the sports market.
"While both companies have achieved much currently, this promotion code transaction will create a company that can bet9ja's welcome offer a higher range of offerings, appealing to brand-new users, consisting of the yohaig code tens of countless season-long dream gamers that have not yet attempted our products."
bit.ly
Fantasy sports firm set for UK debut
27 July 2016
FanDuel threatened by US policies
16 May 2016
FanDuel backs new US regulatory moves
bet9ja.com
20 November 2015
bit.ly
Fanduel struck by New York 'betting restriction'
12 November 2015
Fantasy sport company prepares growth
28 July 2015
bit.ly
FanDuel
Opta
1
Fantasy Sports Firms FanDuel and DraftKings Consent To Merge
jordaneastwood edited this page 2025-10-19 00:20:50 +02:00