Happy Monday, everyone. This is an important week for sports betting news as multiple big operators will report third-quarter results. As for last week’s news, the LSR Podcast is the perfect place to start for updates on New York sportsbooks, the minimum hold requirement in Tennessee and more. Make sure to follow @LSPReport on Twitter […] Read More
FanDuel CEO Matt King will step down in the near future, putting plans for a US public listing in question. Flutter Entertainment, the parent company of FanDuel Sportsbook, announced King’s intent to depart the business in an email Tuesday evening. The announcement highlights King’s role in helping FanDuel navigate the post-PASPA landscape in the US; […] Read More
Fox Corporation wants to push further into sports betting content through the purchase of media outfit Outkick. Fox executives announced Wednesday the acquisition of digital media company Outkick. During the company’s fiscal year 2021 third-quarter earnings call Wednesday, Fox CEO Lachlan Murdoch said the acquisition is key to a growing focus on sports betting content […] Read More
Fox has filed suit against Flutter over the value of a 2021 option that allows Fox to buy an 18.6% stake in FanDuel. The suit was filed this week and will be heard as an arbitration before JAMS in New York rather than court. CNBC first reported the suit, which the companies since confirmed. What’s the […] Read More