Fantasy sports giant DraftKings eyes Ireland launch



US-based daily fantasy sports giant DraftKings is once again setting its sights across the Atlantic Ocean after state regulators thumbed down its merger with another fantasy sports juggernaut FanDuel.

US-based daily fantasy sports giant DraftKings is once again setting its sights across the Atlantic Ocean after state regulators thumbed down its merger with another fantasy sports juggernaut FanDuel.

Fantasy sports giant DraftKings eyes Ireland launchFora reported that the leading American fantasy sports operator is eyeing to bring is gaming service in Ireland before the year ends.

The report came out just weeks after the proposed merger between DraftKings and FanDuel met its untimely demise in the wake of efforts by the Federal Trade Commission (FTC) to block the union due to concerns over decreased competition in the US DFS market.

DraftKings' Chief International Officer Jeffrey Haas, said the company will roll-out their offerings to Ireland although he quickly pointed out that there there's no plans yet for the company to open its headquarters in the region.

He was also mum on the amount of money that DraftKings invested in Ireland.

Haas' reply to the queries was also brief, saying "Let's see how our (Irish) business becomes established and grows over time."

DraftKings, which is available in North America, the UK, Germany, and Malta and has seven million players worldwide, reportedly submitted to Ireland's Finance Department pertinent documents related to tax reviews.

In his letter to the Finance Department, Haas has suggested that the government should impose at least four to five percent tax should on the net revenues that online skill games operators generate. He also appealed for the government's consideration for daily fantasy sports, which he said was as unique form of gambling.

Haas also told the Irish government that the company is interested in the market due to the demand of fantasy sports in the country.

"Irish sports fans are incredibly passionate and they make themselves known wherever they are found," read Haas' letter, according to the report. "I've seen that attending a lot of Liverpool matches at Anfield Stadium. I know Liverpool FC is very popular in Ireland and we have a great partnership with Liverpool."

It remains to be seen whether DraftKings is making a good bet in Ireland, especially when the country is still a virgin when it comes to online daily sports. DraftKings also has to watch out for sportsbook Paddy Power-Betfair, which is a household name when it comes to gambling in Ireland.

The bookmaker has recently ventured into daily fantasy sports after it acquired US-based fantasy sports startup Draft for $19 million.

This article is a reprint from CalvinAyre.com.  To view the original story and comment, click here.


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