Fanatics Betting and Gaming
Paysafe Provides Fanatics Sportsbook with All-Inclusive Payment Solution
Paysafe, a leading payments platform, announced a new partnership with Fanatics Betting and Gaming, the subsidiary of global digital sports platform Fanatics Holdings Inc. Under the deal, Fanatics Sportsbook has integrated with Paysafe to offer its customers traditional card payments and other alternative payment methods (APMs).
Against the backdrop of U.S. online sports bettors’ diversifying payment preferences, Fanatics Sportsbook customers’ transactional expectations will be met through the operator’s partnership with Paysafe. Implemented via a single, streamlined integration, Paysafe’s unique API-based solution provides Fanatics Sportsbook with a range of options for making deposits and receiving payouts.
Paysafe’s support of card transactions allows Fanatics Sportsbook’s customers across Kentucky, Maryland, Massachusetts, Ohio, and Tennessee, to seamlessly deposit into their player account using their debit cards. All card deposits are processed in a matter of seconds using the Paysafe payment gateway, which also seamlessly processes player payouts when they cash-out winnings using their eligible cards.
In addition, players who favor using cash in their everyday lives can fund sports bets at Fanatics Sportsbook using Paysafecash, Paysafe’s barcode-based online cash solution. Fanatics Sportsbook customers can also choose from an array of other APMs through the Paysafe platform’s connectivity to various third-party providers.
Following the operator’s regulatory approval in several other U.S. iGaming jurisdictions, Fanatics Sportsbook’s partnership with Paysafe is expected to expand into new states imminently.
Zak Cutler, President of Global Gaming at Paysafe, said: “With the stature of the Fanatics brand in the sports world, we’re proud to partner with Fanatics Betting and Gaming to provide Fanatics Sportsbook and its customers with an unparalleled payments experience. We’re confident that our ‘all in one’ payment solution will exceed the transactional expectations of Fanatics Sportsbook’s diverse customer base and support the brand’s growth in its current and future markets.”
Kathleen Boord, SVP of Strategic Operations at Fanatics, said: “We’re excited about our continued partnership with the team at Paysafe. Their single integration has allowed us to move quickly and has provided us with flexibility that ensures we’re allowing our customers to transact with their preferred payment options. We look forward to the ongoing collaboration with Paysafe as we continue to build on our strong foundation and create the best experience for our Fans.”
Fanatics Betting and Gaming
Fanatics Betting and Gaming Closes its Acquisition of the US Businesses of PointsBet
Fanatics Betting and Gaming (FBG), a subsidiary of Fanatics Holdings Inc., closed on the final state, Illinois, in its previously announced acquisition of the U.S. businesses of PointsBet. PointsBet Holdings Limited confirmed receipt of the final installment of the headline purchase price of $225 million and has transferred the remaining entities to FBG, including all of the remaining entities that make up PointsBet’s United States sports wagering, advance-deposit wagering and iGaming operations, Banach Technology, a copy of the PointsBet platform and a license to use that proprietary technology platform.
The acquisition accelerated the company’s growth plans, making the Fanatics Sportsbook available to 95% of the addressable online sports bettor market in the U.S. By the end of the month, Fanatics Betting and Gaming will be operating online in Arizona, Colorado, Connecticut, Indiana, Illinois, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Vermont, Virginia and West Virginia, pending regulatory approvals. Fanatics Casino is available online in Michigan, Pennsylvania and West Virginia with New Jersey to follow. Fanatics Betting and Gaming will also provide the betting operations to nineteen retail locations, including the only retail sportsbook inside an NFL stadium at Commanders Field in Maryland.
“The acquisition of the US businesses of PointsBet has super charged our expansion plans,” said Matt King, CEO of Fanatics Betting and Gaming. “In addition to our migration of PointsBet customers and technology to the Fanatics Sportsbook and Casino platform, we have also added an incredibly talented team of passionate leaders from the ranks of PointsBet USA that have already made an impact on our business.”
Mark Hughes and Aonghus Mulvihill will join the executive leadership team at Fanatics Betting and Gaming from PointsBet USA. In addition, more than 200 PointsBet employees are joining FBG in a variety of roles and the company has taken over the leases of the former PointsBet offices in Denver, CO and Dublin, Ireland.
Over the last year, Fanatics Betting and Gaming has been seamlessly migrating PointsBet customers onto the Fanatics Sportsbook and Casino platform and incorporating PointsBet’s risk management platform and quantitative driven trading models from Banach Technology to enhance its market offerings. The Fanatics Sportsbook is the most rewarding online sportsbook giving customers up to 5% of their wager back in FanCash. The Fanatics Sportsbook makes being a fan easy with fast signup, easy betting and transparent withdrawals. The design, speed and quality of the navigation experience rival the sports betting apps in the market today that were not built specifically for iOS and Android. The newly designed Fanatics Casino is embedded in the Fanatics Sportsbook app and features a range of classic and popular casino favorites like roulette, slots and blackjack. Fanatics Betting and Gaming has also produced exclusive casino content including the popular Fanatics Blackjack game developed in partnership with Boom Entertainment.
Connecticut Lottery
Connecticut Lottery Opens New Sportsbook at Total Mortgage Arena in Bridgeport
The Connecticut Lottery, in partnership with Fanatics Betting and Gaming, the online and retail sports betting subsidiary of Fanatics Holdings, has opened a new retail sportsbook location at Total Mortgage Arena in Bridgeport, Connecticut.
This exciting new location is more than 2300 square feet and features betting windows, self-service betting kiosks from Suzohapp, and high-definition TVs situated all around the sportsbook. The full-service restaurant will have food and drink options for sports fans to enjoy while watching the games. The Fanatics Sportsbook at Total Mortgage Arena will offer viewing experiences and betting markets for all major sports, including professional and college football, basketball, hockey, baseball, alongside tennis, soccer, golf, MMA, and boxing.
Hours of operation will be 11:30 am – 10 pm seven days a week, including days when arena events occur.
Arizona Department of Gaming
Arizona Department of Gaming Announces Allocation for Event Wagering License for Fanatics
The Arizona Department of Gaming (ADG) announced that it has allocated an event wagering operator license to Fanatics Betting and Gaming as the designee for Tonto Apache Sports Betting, an organization of the Tonto Apache Tribe, pursuant to A.R.S. § 5-1304 and A.A.C. R19-4-105 and 106.
On January 16, 2024, ADG announced that it would begin accepting applications for available event wagering licenses, which included one event wagering license reserved for Arizona Tribes and no less than one event wagering license reserved for Arizona Sports Franchises, as defined in A.R.S. § 5-1301(7).
The application window for event wagering licenses opened on February 16, 2024, and closed on March 4, 2024. Applicants were required to submit their completed applications within this timeframe in order to have been considered for an event wagering license.
-
Baltics7 days ago
MARE BALTICUM Gaming & TECH Summit Announces Final Agenda for 2024 Event
-
Australia7 days ago
ACMA Reveals Illegal Gambling Crackdown Results
-
AGCO7 days ago
AGCO Requires Ontario Gaming Operators to Stop Offering WBA Bets Due to Integrity Concerns
-
Álvaro Camargo Country Manager Brazil at Xtremepush.7 days ago
Xtremepush boosts Brazilian presence with Weebet platform deal
-
Africa7 days ago
NE Group powers 888bets launch in Angola
-
Latest News7 days ago
INSPIRED LAUNCHES VIRTUAL SPORTS WITH COMEON GROUP
-
Compliance Updates7 days ago
Hub88 granted supplier licence in Peru
-
Central Europe7 days ago
Apparat Gaming and edict egaming announce partnership