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

Fantasy sports firms FanDuel and DraftKings agree to combine
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18 November 2016

A Scottish tech company which became a significant player in the US dream sports market is to combine with its most significant competitor.
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FanDuel, which was established in Edinburgh in 2009, has gotten in a merger contract with DraftKings.

The deal, which goes through regulative approval, is expected to close in the second half of next year.

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

DraftKings has its head office in Boston.
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The companies use online fantasy contests throughout expert sports in the US, Canada and the yohaig code UK.
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Cost cost savings
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There are an approximated 57 million fantasy gamers in the US alone.
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Both business have actually been facing regulative and legal challenges to their industry, with regulators in some US states ruling that fantasy sports companies' activities up to illegal gaming.

In a joint statement on Friday, the companies stated that by integrating and improving resources they might "speed up work with federal government authorities to continue to establish a standard regulatory framework".

They likewise expect the yohaig code "tactical merger of equals" to bring effectiveness and cost savings and assist the combined business "accelerate its course to profitability".
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FanDuel president Nigel Eccles said: "Being able to combine DraftKings and FanDuel provides an incredible chance for us to further innovate and interfere with the sports market.

"While both companies have accomplished much already, this promotion code deal will develop a company that can use a higher range of offerings, appealing to new users, consisting of the tens of countless season-long fantasy gamers that have not yet attempted our products."

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