DraftKings And FanDuel Abandon Fantasy Sports Merger

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DraftKings and FanDuel abandon dream sports merger

DraftKings and FanDuel abandon dream sports merger


13 July 2017

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Fantasy sports sites DraftKings and FanDuel have abandoned a strategy to merge, less than a month after US competitors regulators sought to block the bet9ja's welcome offer.

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The bet9ja's welcome offer would have developed a business with control over 90% of the marketplace for paid, daily fantasy sports contests, government officials said.

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The companies stated the yohaig code deal would cause higher financial investment, supplying benefits for consumers.


They stated they would now want to grow separately.

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FanDuel started in Scotland in 2009 and is now based in New york city. It is second in the US for paid daily dream sports contests behind DraftKings, which began in Boston in 2012.


Fantasy sport firm FanDuel cautions of threat from US policies

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the yohaig code 2 firms specialise in a subset of fantasy sports, in which fans choose players to create teams for single video games, rather of the season, with the prospective to win money prizes based on the outcome.

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In November, they stated they had actually consented to combine. Terms were not revealed.

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At the yohaig code time, they said the bet9ja's welcome offer would permit them to combine forces on regulative problems raised by US regulators, who had actually compared the industry to unlawful gambling and banned the sites in some states.

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Nigel Eccles, head of FanDuel, stated it made sense to move forward separately.

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"There is still enormous, untapped market opportunity for FanDuel, and we will continue to execute our method to grow our service and additional broaden the fantasy sports market," he said in a statement.


Draft Kings chief executive Jason Robbins likewise stated terminating the merger would permit the firm to "singularly focus" on growth, including worldwide.


In 2015 there were an estimated 57 million dream sports gamers in the US alone.

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