Experts: Time good, but rumored fantasy deal challenging
Daniel Etna was quoted in The Associated Press regarding speculation of a merger between DraftKings and FanDuel, the two largest daily fantasy sports companies. Several state attorneys general have declared the companies illegal gambling operations and ordered them to cease operations. "I have to believe these two companies see that continuing to bang heads is wasteful," Etna said. “They have to see it makes sense to have less competitive pressure and consolidate, rather than go at it alone." A merger could allow the companies to save on marketing and operational costs as well as their growing legal and lobbying expenses.