Paddy Power in talks to combine with Fan Duel

16 May 2018

Gambling firm Paddy Power Betfair has stated it is 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 develop a service to "to target the potential US sports betting market".
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It comes as the American Supreme Court overturned 1992 legislation that banned sports wagering in many US states.

Fan Duel permits sports fans to gamble on fantasy sports leagues and contests.
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Merger abandoned
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It uses 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 wish to go into, construct dream sports teams that do not breach a dream salary cap, and engage in head-to-head or multi-player contests.
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the yohaig code company, which was established in 2009, is based in New york city and has about 400 workers.
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A proposal to combine with competitors Draft Kings was deserted last year, after being blocked by the yohaig code Federal Trade on the premises that the combined company would manage a 90% market share.
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Since the Supreme Court ruling on 14 May Draft Kings has actually indicated its objective to get in the sports betting market.
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Horseracing channel
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The Dublin-based gaming company already has an US division, which consists of the TVG Network, a horseracing TV channel and online wagering network which is active in 35 states.

And in the yohaig code state of New Jersey, the business has an online gambling establishment and a horse racing betting exchange.
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A merger with Fan Duel would bet9ja's welcome offer it access to millions of prospective sports betting fans.

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

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