Fantasy sports companies FanDuel and DraftKings consent to merge
18 November 2016
A Scottish tech firm which ended up being a significant gamer in the yohaig code US fantasy sports market is to merge with its most significant rival.
FanDuel, which was established in Edinburgh in 2009, has entered a merger contract with DraftKings.
the yohaig code deal, which goes through regulatory approval, is expected to close in the second half of next year.
FanDuel has offices in Edinburgh and Glasgow but moved its headquarters to New york city several years ago.
DraftKings has its head office in Boston.
The companies offer online fantasy contests across expert sports in the yohaig code US, Canada and the UK.
Cost cost savings
There are an estimated 57 million dream gamers in the US alone.
Both business have actually been dealing with regulative and legal obstacles to their industry, with regulators in some US states ruling that dream sports firms' activities amounted to prohibited gaming.
In a joint statement on Friday, the yohaig code business stated that by integrating and enhancing resources they might "speed up work with government authorities to continue to develop a standard regulative framework".
They likewise expect the "strategic merger of equals" to bring efficiencies and cost savings and assist the combined business "accelerate its course to success".
FanDuel primary executive Nigel Eccles stated: "Being able to integrate DraftKings and FanDuel provides a significant opportunity for us to even more innovate and interrupt the sports industry.
"While both companies have accomplished much already, this promotion code deal will create a business that can bet9ja's welcome offer a higher range of offerings, attracting new users, consisting of the 10s of millions of season-long fantasy players that haven't yet attempted our items."
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