Shareholders in the Australia-based company will receive up to $296.9 million across two payments, the first of which is scheduled for mid-September.
A former Disney executive said the company made a smart move by partnering with Penn, especially if it’s planning a spinoff of ESPN.
PointsBet still wants its shareholders to accept Fanatics’ $150 million offer, but they are also considering DraftKings’ $195 million bid, which was made Friday.
Now comes the hard part for Fanatics: Leveraging its sports apparel and collectibles business to get US sports bettors’ wagers.
The Australia-based company confirmed “well advanced” talks to sell some or all of its business in North America. PointsBet is holding separate negotiations to sell its business Down Under, too.
Strong start to 2022 with revenue from online, mobile sports betting in IA totaling $12 million. New sportsbook DRF Sports launches but loses money in its opening month.
January was second-highest month for IN sports betting revenue at $35.6 million. Queen of Terre Haute Casino Resort also moving forward.
New regulator says 30 online gambling operators have already submitted applications ahead of April 4 launch; PokerStars, BetMGM, and WSOP reportedly all making plans.
Days away from Super Bowl LVI, things are heating up at legal US sportsbooks as fans get ready for the Cincinnati Bengals, Los Angeles Rams to face off on Sunday.
Online casino players in WV will initially have access to 15 game titles, including 88 Fortunes, Blackjack, and Monopoly Megaways.
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