With barely a week before the National Football League (NFL) kicks off, small daily fantasy sports (DFS) operators are consolidating its forces in order to give giants DraftKings and Fanduel a run for their money.
Small DFS operator Fantasy Aces announced on Wednesday that it has acquired certain active DFS participants in the database of Fantasy Feud Inc. (FFI), according to Yahoo! Finance.
Gaming Nation – parent company of FFI – will receive a cash payment of C$25,000 (US$19,076.25) in exchange for Aces’ direct access to its more than 35,000 participants in its database. The remainder of the purchase price, according to Fantasy Aces, will be paid in common shares of the company.
Data showed that Fantasy Aces and FFI have a combined gross revenue of US$1.15 million with game entries of 1.38 million and prize payouts of US$12.11 million.