Fanatics – Page 2 – FairOdds Network

December 1, 2023

Connecticut Lottery names Fanatics as sports betting partner

The Connecticut Lottery Corporation has named Fanatics Betting and Gaming (FBG), a subsidiary of Fanatics, as its new sports betting partner in Connecticut.

As part of the deal, the Fanatics Sportsbook will become the Connecticut Lottery’s exclusive sports betting partner, covering both mobile and retail betting. The transition is expected to occur in mid-December.

The Fanatics Sportsbook will be available across ten retail betting locations in Connecticut, as well as on mobile.

Greg Smith, president and CEO of the Connecticut Lottery, said it expects growth in market share as a result of the partnership.

“Fanatics is the only true sports brand in the gaming space and has established itself as an innovator in the industry,” said Smith.

“We have been impressed with the Fanatics team, their aggressive entry into the US sports betting market and we are excited to see how they redefine the sports betting customer experience here in Connecticut.

“CLC anticipates notable market share ..

November 22, 2023

Fanatics launches in Virginia as PointsBet switchover continues

The Fanatics Betting and Gaming (FBG) arm of Fanatics Holdings has rolled out its online sportsbook in Virginia, marking the latest phase of its acquisition of PointsBet US.

Virginia players who previously had accounts with PointsBet will now automatically switch over to the Fanatics Sportsbook.

Existing PointsBet users can log in to their Fanatics accounts using their original username and password. The migration will also include their account balance, rewards points and any responsible gaming settings.

New customers can also download the Fanatics Sportsbook app and start betting in the Old Dominion State.

The launch means that Fanatics has completed the acquisition and subsequent migration of PointsBet US in seven states. Fanatics is also active in Kentucky, Maryland, Massachusetts, Ohio, Tennessee and West Virginia.

The Virginia roll-out comes less than a week after Fanatics also went live in West Virginia. Last week’s launch also included a pilot of its new online casino, wi..

November 17, 2023

Fanatics continues PointsBet US takeover with West Virginia launch

The Fanatics Betting and Gaming (FBG) subsidiary of Fanatics Holdings has announced the launch of its online sportsbook in West Virginia, with customers in the Mountain State switching over from the existing PointsBet platform.

West Virginia consumers can now download the Fanatics Sportsbook app and begin placing bets.

Fanatics Betting and Gaming (FBG) will also pilot its new online casino in West Virginia, with this being embedded in the Fanatics Sportsbook app. The product features a range of slot titles and table games such as roulette and blackjack.

The Fanatics Sportsbook replaces the existing PointsBet brand in the state. Players registered with PointsBet in West Virginia will be automatically migrated to the Fanatics Sportsbook.

Existing PointsBet users can login to the Fanatics Sportsbook using their original credentials. The migration includes their username, password, account balance, rewards points and responsible gaming settings.

Fanatics edging closer to full Points..

October 4, 2023

Fanatics completes PointsBet US purchase in New York and Wyoming

Fanatics Betting and Gaming (FBG) has edged closer to taking full control of PointsBet US after completing the acquisition of its operations in New York and Wyoming.

PointsBet New York LLC has been transferred to FBG. This follows the satisfaction of certain conditions in the state including approval from the New York State Gaming Commission.

Meanwhile, ownership of PointsBet Wyoming LLC has also transferred to the FBG division of sports retail giant Fanatics.

Transfer of additional US state operations to FBG will take place as approvals are obtained in each state. PointsBet says subsequent completion in this market is tracking as planned.

The double completion come after PointsBet last month also secured approval for acquiring PointsBet US in eight other states. These comprise New Jersey, Pennsylvania, Colorado, Iowa, Kansas, Maryland, Virginia and West Virginia.

PointsBet will continue to operate in Illinois, Indiana, Louisiana, Michigan and Ohio until FBG closes on selected sta..

September 1, 2023

Fanatics completes PointsBet deal in eight US states

Fanatics Betting and Gaming (FBG) has closed on the first eight states in its previously announced acquisition of PointsBet’s US business.

Following regulatory approvals, the deal has now completed in major markets such as New Jersey and Pennsylvania. FBG has also completed in Colorado, Iowa, Kansas, Maryland, Virginia and West Virginia.

PointsBet confirmed that the Fanatics subsidiary has now paid the initial instalment of $175m of the $225m headline purchase price. The price was agreed in June 2023.

From today, customers in each of the eight states will see PointsBet rebranded to “PointsBet, a Fanatics Experience”. The rebrand will complete in Indiana and Illinois in the coming months.

PointsBet USA will continue to operate in Illinois, Indiana, Louisiana, Michigan, New York and Ohio. This will be until Fanatics is able to close on selected states individually.

“We are excited about what we are building at Fanatics Betting and Gaming and this acquisition accelerates our plans,” ..

August 25, 2023

Fanatics expands retail network with new Columbus sportsbook

Fanatics Betting and Gaming (FBG) has announced the opening of its latest retail sportsbook in the Arena District of Columbus, Ohio.

The venue is operating in partnership with National Hockey League franchise the Columbus Blue Jackets. The sportsbook is located near to the team’s Nationwide Arena home.

On-site facilities include four betting windows, 14 self-service betting kiosks, a giant LED video wall and 20 TV monitors. Customers can place bets on a range of major sports such as football, basketball, hockey and baseball.

“A great day to be a Buckeye at the Fanatics Sportsbook Columbus”

At a special opening event held yesterday (24 August), Ohio sports legends former NFL star Ryan Shazier and long-time Blue Jackets player RJ Umberger placed the ceremonial first bets at the new sportsbook.

The launch comes a month after FBG announced its partnership with the NHL team.

“It was a great day to be a Buckeye at the Fanatics Sportsbook Columbus,” FBG chief business officer Ari Borod ..

August 21, 2023

Fanatics partners Guardians to open first MLB ballpark sportsbook

Fanatics Betting and Gaming (FBG) has opened a new retail sportsbook at the Cleveland Guardians’ Progressive Field, its first facility at a Major League Baseball (MLB) ballpark.

The Fanatics sportsbook features two betting windows, four self-service betting kiosks and seven TV monitors. Consumers can bet on MLB games as well as other major sports such as hockey, basketball, baseball, tennis, soccer and golf.

Progressive Field is located in downtown Cleveland, Ohio, and has a capacity of more than 38,000.

“We’re very excited to partner with FBG to bring a retail sportsbook location outside Progressive Field,” Guardians’ vice-president of corporate and premium partnerships, Ted Baugh, said. “This will provide our fans a very convenient in-person option to place bets.”

Fanatics retail sportsbook complements online

The retail facility comes after FBG last week launched its online sportsbook in a number of states.

Fanatics’ online sportsbook is live in Maryland, Massachusetts and Tenn..

August 16, 2023

Fanatics launches online sportsbook in four states

The latest challenger to the US online sports betting market, Fanatics Betting and Gaming (FBG), has launched its online sportsbook in Maryland, Massachusetts, Ohio and Tennessee.

After six months of beta testing, the Fanatics Sportsbook is now available to download on iOS and Android.

FBG highlights the new platform’s simplified betting and transparent withdrawals as features that will help it appeal to sports fans.

The sportsbook includes live scores, plus lines and odds for teams and athletes. Also included are moneyline bets, spread bets, over-unders, player props, live-in-game betting markets and same-game parlays.

Fanatics bets on product quality

“After six months of beta testing, we are excited to officially launch the Fanatics Sportsbook product to the public,” said FBG chief product officer Scot McClintic.

the fanatics sportsbook

McClintic also pointed to the business’ extended focus on product quality as key to its strategy.

“We are laser focused on solving pain poi..

June 16, 2023

DraftKings enters race to acquire PointsBet US

DraftKings is looking to outbid Fanatics for PointsBet US, prompting a strong reaction from the ecommerce giant's CEO Michael Rubin.

Tabled today (16 June) – weeks after Fanatics announced plans to acquire the business – the unsolicited non-binding indicative proposal is worth $195.0m (£152.2m/€178.5m). It states DraftKings would purchase the business on a debt-free, cash-free basis with no financing conditions.

PointsBet said its board will now assess the proposal. The group added that the proposal does not constitute a binding offer or commitment from DraftKings to place a firm bid.

The group did not set a date as to when a decision would be reached.

Fanatics’ Rubin: “They are trying to block us”

Responding to news of the DraftKings proposal, Fanatics CEO Rubin said he was “skeptical” of the move. He added that it was a “desperate” attempt to slow progress on Fanatics’ own deal with PointsBet.

“We are skeptical of the DraftKings proposal, which seems like a desperate move ..

May 24, 2023

Fanatics’ Matt King brings new thinking to US sports betting

As CEO of FanDuel, Matt King took a daily fantasy sports brand to the top of the US sports betting industry, and in the top job at Fanatics Betting and Gaming he’s looking to do it all over again. Not that he’s looking to emulate his former employers in leading the ecommerce giant; it’s Spotify that inspires him.

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.

And his core goal isn’t to build an entity capable of taking on a behemoth he created. Instead the billion-dollar question is: how do you create something capable of providing a genuine alternative to consumers?

In a market dominated by iTunes, he’s looking to build Spotify.

Fanatics: Officially licensed everything

What separates Fanatics Betting and Gaming f..

May 15, 2023

Fanatics Betting and Gaming to acquire PointsBet US

The Fanatics Betting and Gaming (FBG) arm of sports retail giant Fanatics has agreed a deal to acquire the PointsBet US division of PointsBet Holdings for $150.0m.

Under the agreement, which remains subject to shareholder approval and certain regulatory and other conditions, PointsBet will retain both its Canadian and Australian business and operations and continue as an Australian Stock Exchange-listed company.

PointsBet will keep hold of its proprietary sports wagering, racing and igaming platform and be granted a perpetual, royalty-free licence to exploit the Banach technology assets, which were acquired by PointsBet in March 2021.

The deal also states that PointsBet will retain its teams in Australia, Canada and India, as well as its Australian-based technologists, traders and quants.

Other aspects of the deal include that PointsBet will provide services to FBG prior to the final closing of the deal and be reimbursed for the cost of these services by FBG.

In addition, the exis..

January 23, 2023

Fanatics opens first retail sportsbook inside NFL stadium

The Fanatics Betting and Gaming arm of sports apparel giant Fanatics has become the first sports wagering operator to open a retail sportsbook inside a National Football League (NFL) stadium.

Located at FedExField in Maryland, the home of NFL team the Washington Commanders, the facility also marks Fanatics’ first venture into the sports betting market, as well as its entrance into the state of Maryland, with the Commanders as its market access partner.

The 5,000sq ft venue features eight betting windows, 21 self-service betting kiosks, two LED video walls, 38 TV monitors and a full-service restaurant. Customers will be able to place bets on a wide range of major sports events at the facility.

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Tag: Fanatics