NEWS

SPORTICO: Fanatics Closes Part of $225 Million PointsBet Deal

Every year, that’s the unofficial mantra for many U.S. sportsbooks launching new products or new features. The long-awaited Fanatics betting vertical just successfully hit that target, closing a large chunk of its $225 million acquisition of PointBet’s U.S. business Thursday, a week before the NFL’s opening night.

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GAMING TODAY: Fanatics to Open Retail Sportsbook Adjacent to Columbus Blue Jackets’ Nationwide Arena

Retail sportsbooks are becoming the must-have amenity for professional sports franchises in Ohio. The Columbus Blue Jackets hopped on the trend Tuesday, as Fanatics Betting and Gaming, the online and retail sports betting company within the global digital sports platform, announced plans for one adjacent Nationwide Arena.

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iGAMING BUSINESS: Fanatics Matt King Brings New Thinking to US Sports Betting

For Fanatics Betting and Gaming chief executive Matt King, the challenge he is taking on isn’t building a market leader. He’s already done that during his tenure at FanDuel, which is currently sitting with a seemingly unassailable market share across the US. Revenue there grew from $200m to over $1bn on his watch.

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THE WASHINGTON POST: Michael Rubin’s next gamble: Turning Fanatics into a sportsbook

It was halftime of a 76ers game, and the owners’ lounge, in the bowels of Wells Fargo arena, was humming: Bartenders poured Opus One wine into plastic cups; Pat’s cheesesteaks lined the buffet table; and those lucky enough to have courtside seats for the game filed in to mingle.

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