More fantasy firms merger speculation
DraftKings CEO leaves door open on FanDuel deal
The chief executive of DraftKings – the biggest rival to fantasy sports company FanDuel – has renewed speculation about a tie-up between the two in comments made in a US interview.
When asked by Bloomberg’s Emily Chan about a potential deal between his firm and Edinburgh and New York-based FanDuel, Jason Robins said: “I would never say never to something like that.”
Robins said there were “a lot of reasons” why a combination could be beneficial but he also stressed any deal would have to done in the right way to create long-term shareholder value.
“These conversations sometimes stop and start and there is always a rhythm to it. When the time is right maybe it will happen – I don’t know,” he added.
Last month FanDuel, led by CEO Nigel Eccles, rebranded to coincide with its UK launch.
It has also issued a “Players’ Bill of Rights and Governance”, or a set of measures that will align with regulations being rolled out in jurisdictions across the US.
This follows months of legal wrangling over the legitimacy of the games in the US. Regulations have now been agreed with a number of states.
New look web and mobile platforms have also been launched, featuring aesthetic changes for a “more user-friendly layout”.
To date, FanDuel’s fantasy sports contests have been exclusively available in North America, covering the most popular US sports – American football, basketball, baseball and ice hockey.
The launch of a football product specifically for the UK market is the first step in international expansion plans.