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Business
July 29, 2024
Revenue Decline Reports Denied by Fanatics, Sell-off Rumors Dismissed
Fanatics, the fast-growing betting operator with a solid presence across the United States, rejected recent media gossip, suggesting its boss may consider selling his share in the company or that its revenue is expected to dip by more than 10% this year. Two media outlets published investigative stories regarding the company last week. The stories […]
Sports
July 23, 2024
Tennessee Man Wins Nearly $1M in Fanatics’ New Free-to-Play Game
Fanatics, a global digital sports betting platform, recently announced a landmark moment in its free-to-play gaming venture. Royden Hudson, a 56-year-old resident of Chattanooga, Tennessee, became the first major winner of the Fanatics 5 Jackpot, taking home a staggering $900,000. He played the company’s newly launched free game, which is available on the Fanatics app. […]
Industry
July 23, 2024
Ex-DraftKings VP’s Fight Against Non-Compete Clause Hinges on State Laws
In a major legal contest over non-compete agreements, the First Circuit Court of Appeals has questioned the efforts of a former DraftKings executive to work for rival company Fanatics while bypassing his agreement. Michael Hermalyn who formerly was the VP of marketing at DraftKings is fighting against enforceability issues surrounding his non-competition clause which have […]
Industry
July 12, 2024
Fanatics Fined $15K in Massachusetts over In-State College Wager
The leading betting operator that continues to expand its presence across the United States, Fanatics, received a new fine in Massachusetts. Currently, the state doesn’t permit wagering on in-state college games. Massachusetts is among a list of states that banned such wagers in a move that seeks to protect young athletes and ensure the integrity […]
Sports
June 6, 2024
Gucci Marketing Head Changes Jobs for Fanatics Gaming and Betting
Selena Kalvaria, a long-time haute couture marketing boss at Gucci, an Italian luxury clothes maker, has joined Fanatics Betting & Gaming in an unlikely change of jobs first sniffed out and reported by the Wall Street Journal. Kalvaria Threads the Needle and Switches to Sports Betting The unexpected leap into this new domain will see […]
Industry
May 29, 2024
MGC Fines Fanatics for Offering In-State College Bet
The Massachusetts Gaming Commission (MGC), the state’s gambling regulator, has issued a fine of $10,000 to Fanatics Sportsbook. According to the authority, the gambling company violated the state’s betting rules by allowing customers to wager on an in-state collegiate sports team. The bet in question was placed in December last year. The MGC learned that […]
Legal
May 28, 2024
Former DraftKings Exec Appeals Court-Imposed Limits on New Role at Fanatics
Michael Hermalyn, a former employee of DraftKings, is challenging a federal judge’s imposition of considerable constraints on his new position at Fanatics, a rival sports betting company. The appeal against the ban, which has been filed with the 1st US Circuit Court of Appeals questions an order handed down by US District Judge Judith Cobick […]
Legal
May 1, 2024
Legal Dispute between DraftKings and Fanatics Heats Up
The District Court of Massachusetts granted DraftKings a preliminary injunction against Mike Hermalyn, a former executive accused of stealing and sharing trade secrets with rival company Fanatics. Hermalyn, who served as vice-president of VIP at DraftKings and now holds the position of president of VIP at Fanatics, will face restrictions on his role at the […]
Sports
April 18, 2024
DraftKings’ Lawsuit Exposes Feud with Fanatics in Corporate Warfare
Former executives from DraftKings find themselves embroiled in a legal battle with accusations of enticement and stolen corporate secrets. The ongoing feud between DraftKings and Michael Rubin, the billionaire behind the competing sports-betting company Fanatics, reached a climax during a recent court hearing. DraftKings Lawsuit Unveils Allegations of Breach and Recruitment Tactics The heart of […]
Sports
April 4, 2024
Fanatics Finalizes PointsBet’s US Assets Acquisition
The 2021-launched fast-growing online gaming and sports betting operator, a subsidiary of Fanatics Holdings Inc., Fanatics Betting and Gaming (FBG), confirmed the completion of the acquisition of PointsBet’s US businesses. The announcement came Wednesday with FBG confirming that PointsBet Holdings Limited received the final installment of the landmark $225 million acquisition. The closing of the […]
