Daily Fantasy Sports firm FantasyDraft is to purchase assets from the South Carolina-based Fantasy Aces. The DFS entity is set to acquire Fantasy Aces’ player base and their respective account balances.
This means customers will now be able to access DFS contests through the FantasyDraft website. Upon confirmation of the deal, it was also announced that Robert Gates and Thomas Cipolla have resigned from their positions as Fantasy Aces directors, while Michael Olsen has stepped down as chief financial officer.
In addition, Fantasy Aces shares have been halted on the TSX Venture Exchange. FantasyDraft and Fantasy Aces will make a further announcement about the deal in the coming days.