Paddy Power in talks to combine with Fan Duel
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16 May 2018
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Gambling company Paddy Power Betfair has said 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 produce a business to "to target the yohaig code prospective US sports wagering market".

It comes as the American Supreme Court reversed 1992 legislation that prohibited sports betting in many US states.

allows sports fans to gamble on dream sports leagues and contests.
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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 North America.
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Players select which contest they desire to get in, build fantasy sports groups that do not breach a fantasy wage cap, and take part in head-to-head or multi-player contests.

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

A proposal to combine with rivals Draft Kings was deserted in 2015, after being obstructed by the Federal Trade Commission on the premises that the combined firm would control a 90% market share.
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Since the Supreme Court ruling on 14 May Draft Kings has actually signalled its intention to go into the sports betting market.

Horseracing channel
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The Dublin-based gaming company already has a United States division, that 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 company has an online gambling establishment and a horse racing wagering exchange.

A merger with Fan Duel would bet9ja's welcome offer it access to millions of possible sports wagering fans.

Neil Wilson, chief analyst at markets.com, said betting firms were currently jockeying for position after the Supreme Court judgment.

"Fan Duel rival Draft Kings has currently stated it will get in the sports wagering market and there is some sense that regional incumbents might be able to acquire significant market share before UK and European operators get a chance to mobilise their forces," he stated.
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