bet9ja.com
DraftKings and FanDuel desert dream sports merger

13 July 2017

Fantasy sports sites DraftKings and FanDuel have actually deserted a plan to combine, less than a month after US competition regulators looked for to obstruct the yohaig code offer.
bet9ja.com
The bet9ja’s welcome offer would have created a company with control over 90% of the market for paid, daily dream sports contests, government authorities stated.
bet9ja.com
The firms said the yohaig code deal would lead to higher financial investment, offering benefits for customers.

They stated they would now want to grow independently.
bit.ly
FanDuel started in Scotland in 2009 and is now based in New york city. It is second in the US for paid sports contests behind DraftKings, which started in Boston in 2012.
bit.ly
Fantasy sport firm FanDuel alerts of risk from US regulations
bit.ly
The two firms specialise in a subset of dream sports, in which fans choose players to develop teams for single video games, instead of the season, with the prospective to win money prizes based upon the outcome.

In November, they said they had concurred to combine. Terms were not divulged.

At the time, they said the offer would enable them to combine forces on regulative problems raised by US regulators, who had compared the industry to unlawful gambling and prohibited the yohaig code sites in some states.

Nigel Eccles, head of FanDuel, stated it made sense to move forward separately.
bet9ja.com
“There is still massive, untapped market chance for FanDuel, and we will continue to perform our technique to grow our organization and further expand the fantasy sports industry,” he said in a statement.
bit.ly
Draft Kings chief executive Jason Robbins also said terminating the merger would allow the company to “singularly focus” on growth, including globally.

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