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Fanatics Betting and Gaming Wins PointsBet Bid Over Rival DraftKings, $225 Million to $195 Million

June 29, 2023 | By: Heather Fletcher

The Fanatics Betting and Gaming (FBG) team won in its competition against DraftKings to buy the US holdings of Australian online gambling operator PointsBet. On June 30, PointsBet shareholders voted to accept FBG’s $225 million bid. The deal more than triples FBG’s US market access and adds the Big Three online casino states, as well as […]

DC’s Controversial Intralot Contract May Be Close to Falling Apart

June 26, 2023 | By: Robyn McNeil

Tensions between Washington DC regulators and the District’s lottery and sportsbook provider, Intralot, are reportedly heating up as regulators accuse the operator of failing to meet the terms of its contract to run DC’s sports wagering market. Intralot initially cast aspersions toward one of GambetDC’s vendors, Veterans Service Corporation (VSC), in response, alleging that the […]

Kentucky Sports Betting Regulations May Be Approved by ‘Early July’

June 20, 2023 | By: Heather Fletcher

Kentucky sports betting regulations may be approved in “early July.” So says Jonathan Rabinowitz, chairman of the regulatory body, the Kentucky Horse Racing Commission (KHRC). That will be a special commission meeting, as its regularly scheduled gathering isn’t until Aug. 15. While that doesn’t contradict Gov. Andy Beshear’s recent statement that sports betting will launch […]

DraftKings’ Bid for PointsBet an Effort to Block Fanatics’ Entry to Online Casino?

DraftKings sent PointsBet an “unsolicited non-binding indicative proposal” on June 16 about its intent to buy the Australian online gambling operator for $195 million. That’s what PointsBet said in its second paragraph announcing the proposal. However, PointsBet first emphasized that it already has an “agreement to sell its United States online sports betting, iGaming, and retail […]

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