Monday, September 23, 2019 Contact us
iGaming.org

DraftKings And FanDuel Back In War, Following The Merger Call Off


DraftKings And FanDuel Back In War Following The Merger Call Off

Boston-based DraftKings and New York-based FanDuel called off the potential merger and are again set to win the market war of daily fantasy.

The merger between the two largest fantasy sports companies in the United States was called off in June after the Federal Trade Commission abruptly halted the merger. The merger between the two companies was expected to capture more than 90 percent of the daily fantasy market in the country.

The co-founder and Chief Officer, Matt Kalish made it clear that the company is not pursuing the merger with FanDuel and “It’s over with”. Kalish further added that the company and its team have moved on.

In the event of merger Jason Robbins, CEO, Draftkings was set to be the CEO of the new company formed and Nigel Eccles, CEO, FandDuel was to be the chairman of the enterprise.

FanDuel shut down its United Kingdom’s office to concentrate better in its American football market.

Both the companies are leaving no stone unturned in competition and have introduced new gaming options for the 2017 NFL season. While DraftKings would not have any player salary cap, on the other hand, FanDuel is going to offer season-long fantasy leagues.

Apart from the NFL season, which is quite far, the best time of the year for businesses of both the firms is through sports that have already started to thrive in the daily fantasy world.