paddy-power-in-talks-to-merge-with-fan-duel

1 Paddy Power in Talks to Merge With Fan Duel

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Paddy Power in talks to merge with Fan Duel
bet9ja.com
16 May 2018
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Gambling company Paddy Power Betfair has stated it remains in talks over a merger in the US with dream sports site Fan Duel.

Talks centre around integrating its US operation with Fan Duel to produce a business to "to target the potential US sports wagering market".

It comes as the yohaig code American Supreme Court overturned 1992 legislation that banned sports betting in most US states.

Fan Duel permits sports fans to gamble on fantasy sports leagues and contests.
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Merger deserted
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It provides dream sport video gaming around NFL American Football, MLB baseball, NBA basketball and NHL ice hockey. There are approximated to be around 30 million adult dream sports players in The United States and Canada.
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Players choose which contest they desire to get in, build dream sports teams that do not breach a dream income cap, and participate in head-to-head or multi-player contests.
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The business, which was founded in 2009, is based in New york city and has about 400 employees.

A proposition to merge with rivals Draft Kings was abandoned last year, after being blocked by the Federal Trade Commission on the premises that the combined firm would control a 90% market share.

Since the Supreme Court judgment on 14 May Draft Kings has signified its intent to get in the yohaig code market.

Horseracing channel

The Dublin-based gaming company currently has an US department, which includes the TVG Network, a horseracing TV channel and online wagering network which is active in 35 states.

And in the state of New Jersey, the business has an online gambling establishment and a horse racing wagering exchange.

A merger with Fan Duel would bet9ja's welcome offer it access to countless prospective sports wagering fans.

Neil Wilson, chief expert at markets.com, stated wagering companies were already jockeying for position after the Supreme Court judgment.

"Fan Duel rival Draft Kings has already stated it will get in the sports betting market and there is some sense that local incumbents may be able to acquire significant market share before UK and European operators get a possibility to mobilise their forces," he said.
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