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DraftKings and FanDuel abandon dream sports merger
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13 July 2017
Fantasy sports websites DraftKings and FanDuel have deserted a plan to combine, less than a month after US competitors regulators sought to block the deal.
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The deal would have developed a business with control over 90% of the marketplace for paid, everyday fantasy sports contests, federal government officials stated.
The firms stated the bet9ja's welcome offer would lead to higher financial investment, supplying benefits for customers.
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They stated they would now look to grow independently.
FanDuel began in Scotland in 2009 and is now based in New York. It is number 2 in the yohaig code US for paid daily fantasy sports contests behind DraftKings, which started in Boston in 2012.
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Fantasy sport firm FanDuel warns of danger from US regulations
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The two companies specialise in a subset of fantasy sports, in which fans choose gamers to produce teams for single games, instead of the yohaig code season, with the possible to win prize money based on the outcome.
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In November, they said they had actually . Terms were not disclosed.
At the time, they stated the deal would permit them to integrate forces on regulatory issues raised by US regulators, who had compared the industry to illegal betting and prohibited the websites in some states.
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Nigel Eccles, head of FanDuel, said it made sense to move on independently.
"There is still enormous, untapped market opportunity for FanDuel, and we will continue to execute our method to grow our service and further broaden the fantasy sports industry," he stated in a statement.
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Draft Kings president Jason Robbins likewise stated terminating the merger would allow the company to "singularly focus" on growth, consisting of worldwide.
In 2015 there were an estimated 57 million fantasy sports players in the US alone.
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DraftKings And FanDuel Abandon Fantasy Sports Merger
terawaddy17808 edited this page 2025-10-18 03:04:25 +08:00