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Fantasy sports firms FanDuel and DraftKings consent to combine
18 November 2016
A Scottish tech firm which became a significant player in the US fantasy sports market is to with its biggest competitor.
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FanDuel, which was established in Edinburgh in 2009, has actually gotten in a merger arrangement with DraftKings.
the yohaig code deal, which undergoes regulative approval, is expected to close in the second half of next year.
FanDuel has workplaces in Edinburgh and Glasgow however moved its head office to New York a number of years back.
DraftKings has its head office in Boston.
The business provide online fantasy contests throughout expert sports in the US, Canada and the UK.
Cost cost savings
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There are an approximated 57 million fantasy players in the US alone.
Both companies have been facing regulative and legal challenges to their market, with regulators in some US states ruling that dream sports firms' activities amounted to illegal gaming.
In a joint declaration on Friday, the yohaig code business stated that by combining and streamlining resources they might "speed up work with government officials to continue to establish a standard regulative structure".
They likewise expect the "tactical merger of equals" to bring effectiveness and cost savings and assist the combined company "accelerate its course to success".
FanDuel president Nigel Eccles stated: "Being able to combine DraftKings and FanDuel presents an incredible opportunity for us to further innovate and interfere with the sports market.
"While both companies have achieved much currently, this promotion code deal will create a company that can use a greater range of offerings, interesting new users, including the 10s of millions of season-long fantasy players that have not yet attempted our items."
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Fantasy Sports Firms FanDuel and DraftKings Agree To Merge
taylah49i22169 edited this page 2025-10-20 15:33:36 +08:00