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Fanatics Betting and Gaming

Fanatics Betting and Gaming Closes its Acquisition of the US Businesses of PointsBet

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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.

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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

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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.

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Arizona Department of Gaming

Arizona Department of Gaming Announces Allocation for Event Wagering License for Fanatics

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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.

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Carolina Hurricanes

Fanatics Sportsbook Launches Today in North Carolina

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Fanatics Betting and Gaming, a subsidiary of Fanatics Holdings Incorporated, a global digital sports platform, has launched the Fanatics Sportsbook today in North Carolina in partnership with the NHL’s Carolina Hurricanes. Sports fans living in and visiting North Carolina will be able to download the Fanatics Sportsbook on iOS and Android and begin their Fanatics Sportsbook experience. North Carolina marks the sixteenth state for the Fanatics Sportsbook.

The partnership with the Carolina Hurricanes provides Fanatics Betting and Gaming with market access to North Carolina for mobile sports betting. As part of the partnership, Fanatics Sportsbook will be the team’s official sports betting partner and will receive marketing assets such as in-arena signage, broadcast integrations, PNC Arena activations for hockey fans and many other opportunities for Hurricanes fans and ticket holders to engage with Fanatics Sportsbook.

The Fanatics Sportsbook makes being a fan easy with fast sign-up, easy betting, transparent withdrawals and is disrupting the sports betting industry with the following new features:

  • Building a better sportsbook: The Fanatics Sportsbook app was built natively on iOS and Android. 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.
  • FanCash: The Fanatics Sportsbook is the only sportsbook that gives customers up to 5% of their wager back in FanCash. Every dollar of FanCash is a dollar to spend on bonus bets or Fanatics. com.
  • Discover: The Fanatics Sportsbook Discover page features marquee games, trending bets, promos and the rewards you want most. In the near future, the Fanatics Sportsbook Discover page will be personalized to the customer’s favorite teams, sports and markets.
  • Search: The Fanatics Sportsbook offers industry-leading search functionality including a search bar, recent searches, autocomplete, synonym/alias and deep linking. Customers can search easily for the bet they want and bet directly right from the search results.

Fanatics Betting and Gaming believes that responsible gaming is a core tenet and a part of the organization’s DNA. Online customers will have access to responsible gaming tools to manage their time and money alongside a best-in-class help center, chat experience and knowledgeable agents with 24/7 coverage.

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