manchester-united-in-sponsorship-deal-with-bwin

1 DraftKings And FanDuel Abandon Fantasy Sports Merger

bet9ja.com
DraftKings and FanDuel abandon dream sports merger

13 July 2017
bet9ja.com
Fantasy sports sites DraftKings and FanDuel have actually abandoned a strategy to merge, less than a month after US competitors regulators sought to obstruct the bet9ja's welcome offer.
bet9ja.com
The bet9ja's welcome offer would have produced a company with control over 90% of the market for paid, everyday dream sports contests, government authorities said.
bit.ly
the yohaig code companies stated the bet9ja's welcome offer would cause greater investment, supplying benefits for .
bet9ja.com
They stated they would now aim to grow separately.

FanDuel began 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 started in Boston in 2012.
bit.ly
Fantasy sport company FanDuel warns of hazard from US regulations

The two companies specialise in a subset of dream sports, in which fans choose gamers to develop teams for single video games, instead of the season, with the potential to win cash prizes based upon the outcome.

In November, they stated they had actually accepted merge. Terms were not disclosed.
bet9ja.com
At the time, they stated the bet9ja's welcome offer would enable them to combine forces on regulatory concerns raised by US regulators, who had compared the industry to prohibited gambling and banned the sites in some states.

Nigel Eccles, head of FanDuel, stated it made good sense to move forward independently.
bet9ja.com
"There is still huge, untapped market opportunity for FanDuel, and we will continue to execute our strategy to grow our organization and further broaden the fantasy sports industry," he said in a statement.
bit.ly
Draft Kings primary executive Jason Robbins likewise said ending the merger would enable the firm to "singularly focus" on development, consisting of worldwide.

Last year there were an approximated 57 million dream sports gamers in the US alone.