Kindred Group is studying a possible acquisition of U.S. daily fantasy sports operator DraftKings, according to the website Legal Sports Report.
The report cited multiple unnamed sources, but gave no details of a possible deal. The move would come however, shortly after DraftKing’s chief rival in the U.S. FanDuel was acquired by Paddy Power Betfair.
It also comes after DraftKings announced a deal with Resorts casino in Atlantic City to run a sportsbook in the newly opened U.S. sports betting market.
Kindred has several gambling brands across Europe including Unibet and 32Red. The company had revenues in excess of £750 million in 2017 and has offices across Europe.
The report also said that the Kambi Group—which has been working with DraftKings on a sports betting product—is involved with the talks and the possibility of a business-to-business spin-off of Unibet for sports betting.
Kindred also recently created a U.S. division and appointed a senior vice president in charge of American operations.
Meanwhile, DraftKings has begun operations in the Australian market allowing players to take part in DFS competitions from other regulated markets where it operates including the United States and parts of Europe.
“DraftKings’ DFS product takes sports fans’ game experience to another level, keeping them more engaged with their favorite athletes, teams and codes,” said DraftKings Chief International Officer, Jeffrey Haas. “Australia is home to some of the most passionate sports fans in the world and that’s a key reason why DraftKings decided to open there. We’re confident Australians will enjoy the exciting and innovative competition formats we have available across 10 international sports, and their ability to compete against other people, both local and international.”
DraftKings is now available in eight countries.
