Fantasy sports companies FanDuel and DraftKings accept combine

18 November 2016

A Scottish tech firm which became a major gamer in the US dream sports market is to combine with its biggest competitor.
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FanDuel, which was founded in Edinburgh in 2009, has actually gone into a merger arrangement with DraftKings.
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The deal, which undergoes regulatory approval, is anticipated to close in the second half of next year.
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FanDuel has workplaces in Edinburgh and Glasgow but moved its head office to New york city numerous years back.

DraftKings has its head office in Boston.
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the yohaig code companies provide online fantasy contests across professional sports in the yohaig code US, Canada and the UK.

Cost cost savings

There are an approximated 57 million dream gamers in the US alone.

Both business have been facing regulatory and legal obstacles to their industry, with regulators in some US states ruling that dream sports firms' activities amounted to unlawful gaming.

In a joint declaration on Friday, the business stated that by combining and they might "accelerate work with federal government authorities to continue to develop a standard regulatory structure".

They also anticipate the "strategic merger of equals" to bring performances and cost savings and help the combined company "accelerate its course to success".

FanDuel president Nigel Eccles said: "Being able to combine DraftKings and FanDuel presents an incredible chance for us to even more innovate and disrupt the sports industry.

"While both companies have actually achieved much currently, this promotion code transaction will produce a business that can use a greater variety of offerings, appealing to brand-new users, including the 10s of countless season-long dream gamers that haven't yet attempted our products."
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