1 Fantasy Sports Firms FanDuel and DraftKings Accept Merge
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Fantasy sports firms FanDuel and DraftKings accept combine
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18 November 2016
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A Scottish tech company which ended up being a significant player in the US dream sports market is to combine with its greatest rival.
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FanDuel, which was established in Edinburgh in 2009, has actually gone into a merger contract with DraftKings.

The transaction, which is subject to regulative approval, is anticipated to close in the second half of next year.

FanDuel has offices in Edinburgh and Glasgow but moved its headquarters to New york city a number of years ago.

DraftKings has its headquarters in Boston.
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The business bet9ja's welcome offer online fantasy contests across expert sports in the US, Canada and the UK.

Cost cost savings

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

Both companies have been and legal obstacles to their industry, with regulators in some US states ruling that fantasy sports companies' activities amounted to illegal gaming.

In a joint statement on Friday, the business stated that by combining and improving resources they could "speed up deal with government authorities to continue to develop a basic regulative framework".

They likewise expect the "strategic merger of equals" to bring effectiveness and cost savings and assist the combined business "accelerate its course to profitability".

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

"While both business have accomplished much currently, this promotion code deal will create a business that can provide a greater variety of offerings, interesting new users, including the yohaig code 10s of millions of season-long fantasy players that haven't yet tried our items."

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