Fantasy sports firms FanDuel and DraftKings consent to merge
18 November 2016
A Scottish tech company which became a significant gamer in the US dream sports market is to merge with its most significant competitor.
FanDuel, which was founded in Edinburgh in 2009, has gotten in a merger arrangement with DraftKings.
The deal, which goes through regulative approval, is anticipated to close in the 2nd half of next year.
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FanDuel has offices in Edinburgh and Glasgow but moved its headquarters to New York a number of years back.
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DraftKings has its headquarters in Boston.
The business use online fantasy contests throughout expert sports in the yohaig code US, Canada and the UK.
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Cost cost savings
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There are an estimated 57 million fantasy gamers in the US alone.
Both companies have actually been facing regulatory and legal difficulties to their industry, with regulators in some US states ruling that dream sports companies' activities totaled up to illegal gaming.
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In a joint declaration on Friday, the yohaig code business stated that by combining and enhancing resources they could "accelerate work with federal government authorities to continue to develop a basic regulative structure".
They likewise anticipate the yohaig code "tactical merger of equals" to bring and expense savings and help the combined company "accelerate its path to success".
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FanDuel president Nigel Eccles stated: "Being able to integrate DraftKings and FanDuel provides a significant opportunity for us to even more innovate and interfere with the yohaig code sports industry.
"While both business have actually accomplished much currently, this deal will create a service that can provide a greater variety of offerings, appealing to new users, consisting of the 10s of millions of season-long fantasy gamers that haven't yet tried our items."
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Fantasy Sports Firms FanDuel and DraftKings Agree To Merge
chetrfv4124620 edited this page 2025-10-18 04:12:06 +08:00