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Old 10-29-2016, 05:56 PM
JC JC is offline
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DK/FD Merger

Even with Merger still could keep both sites rolling. We will see.


DraftKings, FanDuel finalizing terms of 'imminent' merger
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Old 10-29-2016, 06:15 PM
Dr. Jack Dr. Jack is offline
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It was only matter of time I suppose
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Old 10-29-2016, 06:36 PM
wayne1218 wayne1218 is offline
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Monopoly?
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Old 10-30-2016, 01:03 AM
capainter capainter is offline
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DFS did well skirting certain laws to become legitimate but the game is too technical and fringy, I think it's seen it's best days to be honest.
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Old 10-31-2016, 11:44 AM
Hoosiercatdaddy Hoosiercatdaddy is offline
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I hope this means they'll open Fanduel back up to us in Texas and not vice versa.
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Old 11-18-2016, 10:27 AM
Dr Natty Dr Natty is offline
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DK/FD Merger

CONSUMER QUESTIONS AND ANSWERS
.
What is being announced?

Today, FanDuel and DraftKings are announcing that we are merging, bringing together the shared talent, technology and industry relationships of DraftKings and FanDuel to advance the fantasy sports industry and to better serve players and fans. This merger of equals will allow for further growth and innovation in the fantasy sports industry at large.

Why are you merging?

DraftKings and FanDuel are merging to create a stronger entity that can focus on growing the fantasy sports market by developing new products and features, delivering enhanced user experiences and creating an overall stronger fantasy sports community, all aimed at creating a more diverse, exciting and appealing experience for fantasy sports players and sports fans generally.

By combining and streamlining resources, FanDuel and DraftKings can work more efficiently and economically with state government officials to develop a standard regulatory framework for the industry. This will not only enhance the long-term growth prospects and improve sustainability for the combined company, but also make it easier for other players to enter and thrive in the market.

What does this mean for consumers?

Our consumers are at the core of everything we do and we have always been passionate about providing the best possible experiences for them.

Together, DraftKings and FanDuel can leverage their technology resources to give consumers choices they would not have without the merger. The combined company expects to accelerate innovation to deliver more products and features to consumers and provide more contests, more social connectivity and a better overall user experience.

For the foreseeable future, FanDuel and DraftKings will continue to operate under their respective brand names. Once approved, we envision this merger will create a stronger, more sustainable entity that can focus on growth, product development, delivering enhanced user experiences and creating an overall stronger fantasy sports community.

What will the new leadership team look like?

The top minds and innovators in the fantasy industry will come together to guide the combined company and bring unique expertise and talent.

At closing, DraftKings CEO Jason Robins will become CEO of the newly combined company and FanDuel CEO Nigel Eccles will become Chairman of the Board. Further operational and organizational details will be finalized and announced at closing.

Will both sites remain operational?

Both platforms will remain separate and operational through the 2017 NFL season while the deal is finalized.

Will both sites maintain their brands?

DraftKings and FanDuel will continue to operate under their respective brand names for the foreseeable future.

When do changes begin taking effect?

The transaction is subject to customary closing conditions and regulatory clearance, and it is expected to close in 2017. Until then, it’s business as usual for both FanDuel and DraftKings.

Once integrated after closing, we envision this merger will create a stronger, more sustainable entity that can focus on growth, product development, delivering enhanced user experiences and creating an overall stronger fantasy sports community.

Would the combined company have the power to substantially raise prices?

No. We intend to keep our commission fees and structure competitive in order to offer consumers a compelling experience. The merger will not affect our obvious incentive to continue growing the DFS space through guaranteed prize pools and attractive commission levels. Users play on our platforms because they love the contest structures and optionality. We size our contests and offerings to be competitive with other fantasy companies. We know that there are other platforms players could go on if we tried to raise commissions. This remains equally true whether the companies remain independent or combine.

As always, DraftKings and FanDuel will clearly provide information on commission costs and technical differences. Further operational and organizational details will be finalized and announced after closing.

Does this deal impact the partnerships in place with the existing sports franchises / networks?

We do not anticipate any impact on our existing partnerships.

If you have any more questions, please contact [email protected]

November 17, 2016
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Old 11-18-2016, 10:28 AM
Dr Natty Dr Natty is offline
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DK/FD Merger

Monopoly controlling rake, good times.
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Old 11-18-2016, 10:39 AM
SharpTORONTO SharpTORONTO is offline
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I doubt the rake changes for the foreseeable future. This is the time for Yahoo to step up their DFS efforts.

The only thing I can see being impacted is the removal of free contests...like the ones we take advantage of on CM where we manage all money off the site. FD and DK know they're being raped here. The incentive of letting people do this with the hopes that they deposit money and play real contests has waivered.
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Old 11-18-2016, 10:44 AM
SharpTORONTO SharpTORONTO is offline
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My buddy here just brought up a point. If they take away the FREE PLAY option, can they still advertise at sporting events. Was that the rule for poker sites?
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Old 11-18-2016, 11:01 AM
Dr Natty Dr Natty is offline
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DK/FD Merger

Free play option is safe.

The one we run, the overhead to run the free games is minuscule. And is paid for by what we spend, a very small percentage only plays the free games.

Hopefully it is good for the game, but monopolies are never good for the end consumer without regulation. And with regulation you have states dipping in to the pockets taxing it. Will end up like the lottery with exorbitant rake.
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Old 11-18-2016, 05:09 PM
capainter capainter is offline
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They show ads to free (and paid) players too. They just want active accounts.

The whole industry is a shark tank though, unless you're well capitalized and have the time to dedicate to it, you're not winning long term, case closed.
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Old 11-18-2016, 05:11 PM
capainter capainter is offline
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But doing unraked contests among friends (or Internet friends) is fun and 100% the way to go with DFS, I agree with that. The websites and apps are user friendly and professional.

Also pretty sure they'd benefit from decreasing the rake, not increasing it, look at the model of the good offshore books vs the fringy ones.
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Old 07-13-2017, 07:54 PM
wayne1218 wayne1218 is offline
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The planned merger between daily fantasy leading operators DraftKings and FanDuel is off, the companies announced Thursday.

It's an abrupt end to a deal that many viewed as the best path forward for both companies, but also one that drew federal scrutiny and anti-trust concerns.

In November, DraftKings and FanDuel announced an agreement to merge after several years of heated competition. The Federal Trade Commission reviewed the proposed deal and, in June, along with attorneys general from California and the District of Columbia, filed suit to block the merger over competition concerns. Combined, DraftKings and FanDuel are believed to represent better than 90 percent of the daily fantasy market.

The companies, facing an expensive legal battle with the FTC, on top of several other ongoing suits, attempted to keep all options on the table. They filed legal briefs Wednesday in the FTC case, while simultaneously negotiating to terminate the merger.
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