Paddy Power in Speak To Merge With Fan Duel
Paddy Power in talk with merge with Fan Duel
16 May 2018
Gambling firm Paddy Power Betfair has stated it remains in talks over a merger in the US with dream sports site Fan Duel.
Talks centre around combining its US operation with Fan Duel to develop a business to "to target the potential US sports wagering market".
It comes as the American Supreme Court overturned 1992 legislation that banned sports betting in the majority of US states.
Fan Duel enables sports fans to bet on dream sports leagues and contests.
Merger abandoned
It offers dream sport video gaming around NFL Football, MLB baseball, NBA basketball and NHL ice hockey. There are approximated to be around 30 million adult dream sports gamers in The United States and Canada.
Players select which contest they desire to get in, develop dream sports teams that do not breach a dream wage cap, and participate in head-to-head or multi-player contests.
The business, which was founded in 2009, is based in New york city and has about 400 staff members.
A proposal to combine with competitors Draft Kings was abandoned last year, after being blocked by the Federal Trade Commission on the grounds that the combined firm would manage a 90% market share.
Since the Supreme Court judgment on 14 May Draft Kings has actually indicated its objective to get in the sports betting market.
Horseracing channel
The Dublin-based gaming company currently has a United States department, which includes the TVG Network, a horseracing TV channel and online betting network which is active in 35 states.
And in the state of New Jersey, the company has an online gambling establishment and a horse racing betting exchange.
A merger with Fan Duel would provide it access to countless potential sports wagering fans.
Neil Wilson, chief expert at markets.
Paddy Power in talk with merge with Fan Duel
16 May 2018
Gambling firm Paddy Power Betfair has stated it remains in talks over a merger in the US with dream sports site Fan Duel.
Talks centre around combining its US operation with Fan Duel to develop a business to "to target the potential US sports wagering market".
It comes as the American Supreme Court overturned 1992 legislation that banned sports betting in the majority of US states.
Fan Duel enables sports fans to bet on dream sports leagues and contests.
Merger abandoned
It offers dream sport video gaming around NFL Football, MLB baseball, NBA basketball and NHL ice hockey. There are approximated to be around 30 million adult dream sports gamers in The United States and Canada.
Players select which contest they desire to get in, develop dream sports teams that do not breach a dream wage cap, and participate in head-to-head or multi-player contests.
The business, which was founded in 2009, is based in New york city and has about 400 staff members.
A proposal to combine with competitors Draft Kings was abandoned last year, after being blocked by the Federal Trade Commission on the grounds that the combined firm would manage a 90% market share.
Since the Supreme Court judgment on 14 May Draft Kings has actually indicated its objective to get in the sports betting market.
Horseracing channel
The Dublin-based gaming company currently has a United States department, which includes the TVG Network, a horseracing TV channel and online betting network which is active in 35 states.
And in the state of New Jersey, the company has an online gambling establishment and a horse racing betting exchange.
A merger with Fan Duel would provide it access to countless potential sports wagering fans.
Neil Wilson, chief expert at markets.