fantasy-sports-firms-fanduel-and-draftkings-agree-to-merge

Fantasy sports firms FanDuel and DraftKings accept combine
bit.ly
18 November 2016

A Scottish tech company which became a major gamer in the yohaig code US fantasy sports market is to combine with its biggest competitor.

FanDuel, which was founded in Edinburgh in 2009, has actually entered a merger arrangement with DraftKings.

The deal, which undergoes regulative approval, is anticipated to close in the second half of next year.

FanDuel has offices in Edinburgh and Glasgow but moved its headquarters to New york city numerous years ago.

DraftKings has its headquarters in Boston.

the yohaig code business provide online dream contests throughout expert sports in the US, Canada and the UK.

Cost savings

There are an estimated 57 million fantasy gamers in the yohaig code US alone.
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Both business have been dealing with regulatory and legal obstacles to their market, with in some US states ruling that dream sports firms' activities amounted to illegal betting.
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In a joint declaration on Friday, the yohaig code companies said that by combining and enhancing resources they might "accelerate deal with federal government officials to continue to develop a basic regulatory framework".

They also anticipate the "tactical merger of equals" to bring efficiencies and cost savings and assist the combined company "accelerate its path to profitability".

FanDuel primary executive Nigel Eccles said: "Being able to combine DraftKings and FanDuel presents a remarkable chance for us to further innovate and disrupt the sports industry.

"While both companies have accomplished much currently, this promotion code deal will develop a service that can provide a higher range of offerings, appealing to new users, including the 10s of countless season-long fantasy players that haven't yet attempted our items."
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