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Fantasy sports firms FanDuel and DraftKings accept combine
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18 November 2016

A Scottish tech company which became a in the US dream sports market is to combine with its biggest rival.

FanDuel, which was established in Edinburgh in 2009, has actually entered a merger agreement with DraftKings.

The transaction, which undergoes regulative 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 numerous years back.
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DraftKings has its head office in Boston.
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The companies use online fantasy contests throughout professional sports in the US, Canada and the UK.

Cost savings
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There are an estimated 57 million dream players in the yohaig code US alone.

Both business have been dealing with regulatory and legal challenges to their industry, with regulators in some US states ruling that dream sports companies' activities amounted to prohibited betting.
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In a joint statement on Friday, the companies stated that by combining and simplifying resources they could "accelerate deal with government authorities to continue to establish a basic regulative structure".

They also anticipate the "strategic merger of equates to" to bring effectiveness and expense savings and assist the combined business "accelerate its path to success".

FanDuel primary executive Nigel Eccles stated: "Being able to combine DraftKings and FanDuel provides a tremendous opportunity for us to further innovate and interfere with the sports market.

"While both business have achieved much currently, this promotion code deal will develop a business that can bet9ja's welcome offer a greater range of offerings, attracting new users, including the tens of millions of season-long dream gamers that haven't yet tried our items."
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