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Fantasy sports firms FanDuel and DraftKings accept combine

18 November 2016

A Scottish tech firm which ended up being a major gamer in the yohaig code US fantasy sports market is to combine with its greatest rival.

FanDuel, which was founded in Edinburgh in 2009, has gone into a merger agreement with DraftKings.

the yohaig code deal, which undergoes regulative approval, is anticipated to close in the 2nd half of next year.
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FanDuel has workplaces in Edinburgh and but moved its headquarters to New York several years back.

DraftKings has its head office in Boston.

The business provide online dream contests across expert sports in the US, Canada and the UK.

Cost cost savings
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There are an estimated 57 million fantasy gamers in the US alone.

Both business have been dealing with regulative and legal obstacles to their industry, with regulators in some US states ruling that dream sports firms' activities totaled up to unlawful betting.

In a joint statement on Friday, the companies stated that by combining and simplifying resources they could "accelerate work with federal government officials to continue to establish a basic regulatory structure".

They likewise expect the "strategic merger of equals" to bring efficiencies and expense savings and assist the combined company "accelerate its path to success".

FanDuel chief executive Nigel Eccles stated: "Being able to combine DraftKings and FanDuel provides a tremendous chance for us to even more innovate and interrupt the sports market.

"While both companies have actually accomplished much currently, this promotion code deal will create a business that can provide a higher variety of offerings, appealing to brand-new users, consisting of the tens of millions of season-long fantasy players that have not yet attempted our products."

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