Paddy Power in Talks to Merge With Fan Duel > 자유게시판 개인전용 문제은행

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Paddy Power in speak to combine 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 website Fan Duel.

Talks centre around integrating its US operation with Fan Duel to produce an organization to "to target the prospective US sports betting market".

It comes as the American Supreme Court overturned 1992 legislation that prohibited sports wagering in the majority of US states.

Fan Duel permits sports fans to bet on dream sports leagues and contests.

Merger deserted

It offers fantasy 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.

Players select which contest they wish to enter, build dream sports teams that do not breach a fantasy income cap, and take part in head-to-head or multi-player contests.

The business, which was founded in 2009, is based in New York and has about 400 staff members.

A proposition to combine with rivals Draft Kings was deserted in 2015, after being obstructed by the Federal Trade Commission on the grounds that the combined firm would control a 90% market share.

Since the Supreme Court ruling on 14 May Draft Kings has actually indicated its intention to enter the sports betting market.

Horseracing channel

The Dublin-based betting company already 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 wagering exchange.

A merger with Fan Duel would give it access to countless potential sports .

Neil Wilson, chief analyst at markets.com, said wagering companies were currently jockeying for position after the Supreme Court ruling.

"Fan Duel rival Draft Kings has already stated it will go into the sports wagering market and there is some sense that local incumbents might be able to gain considerable market share before UK and European operators get an opportunity to mobilise their forces," he said.