Spotlight Sports Group has expanded its US offering after acquiring fantasy sports technology and media company FA Media LLC (Alarm Sports Network) in an all-cash transaction. Under the terms of the agreement, Alarm Sports Network (ASN) will fold into the Spotlight Sports Group network of brands, growing the company’s staff to more than 500 people. ASN has been responsible for …
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Flutter Entertainment has disclosed that it is weighing up options to list a ‘small shareholding’ of FanDuel on a US stock exchange as a means to accelerate its North American market profile. This weekend, the FTSE100 betting group released a statement detailing that it was evaluating its capital structure in order to help the company achieve its long-term growth objectives. …
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Flutter Entertainment has secured its majority shareholding in US wagering subsidiary FanDuel after agreeing to acquire the 37.2% interest held by the ‘Fastball’ consortium for $4.17 billion (£3.1bn). The transaction will see Flutter increase its majority shareholding in FanDuel from 58% to 95% – as the FTSE100 operator triggers an early buyout clause to increase its interest in its flagship …
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German bookmakers and affiliates have reported a drastic increase in business after the Bundesliga returned following an eight week hiatus. Affiliate company Leadstar Media reported that its MyWettbonus.de brand had recorded a 100% increase in business since football resumed. Meanwhile, searches for ‘sportwetten’ – the German for ‘sports betting’ – were 2.5x higher in May than in the middle of …
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Flutter Entertainment Plc has this afternoon confirmed that it plans to sanction a private placement of 8 million corporate shares made available to ‘institutional investors’. The enlarged FTSE100 gambling group seeks to raise a further £850 million in working capital, strengthening its liquidity to take advantage of the short and long-term opportunities presented by a disrupted marketplace. Confirming the placement, …
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The UK Competition and Markets Authority (CMA) has begun its evaluation of the planned merger agreed by FTSE100 Flutter Entertainment Plc with Toronto TSX counterpart The Stars Group Inc. Last October, Flutter and Stars Group governances agreed to terms on an all-share combination, seeking to create the outright global market leader operating across all online gambling verticals. For the UK …
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Hosting a special conference call, Rafi Ashkenazi Chief Executive of The Stars Group Inc, has detailed further insights and arrangements related to the firm’s announced joint venture ‘FOX Bet’, partnering with US national broadcaster FOX. Securing a 25-year commercial agreement, the Stars Group will act as lead sports betting and igaming services provider for the FOX Corporation. “This partnership gives …
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The governance of Toronto TSX-listed The Stars Group Inc has announced the foundation of its first US strategic joint venture ‘FOX Bet’ in partnership with national sports broadcaster FOX Sports a subsidiary of media conglomerate FOX Corporation. Updating investors, the Stars Group details that it will launch a ‘first-of-its-kind’ sports media and wagering venture working alongside FOX Sports. ‘The Stars …
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Leading European sports data, integrity services and content provider Sportradar has continued its US technology expansion after announcing that it has secured a partnership with broadcaster FOX Sports to deliver new audience innovations and experiences. Announcing its latest US-centric partnership, Sportradar will utilise its data collection mechanisms and insight capacities to develop live engagement tools/functions for FOX Sports in-game programming. FOX Sports …
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Retail technology giant Amazon has renewed its ‘Thursday Night NFL’ streaming rights contract for a further two seasons, at a cost of $130 million. The NFL’s governance has confirmed that Amazon Prime Video will continue to be its lead streaming OTT platform service for Thursday night games. The deal sees Amazon secure 11 Thursday night NFL matches, which will be …
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