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Business
July 21, 2023
IT Heavyweight Agrawal Joins Fanatics as CIO
Fanatics, a global digital sports platform, has reinforced its Fanatics Holdings team with the appointment of Parag Agrawal as its new chief information officer. The newly-created role will see the IT heavyweight apply his skills to lead Fanatics’ internal digital systems transformation. As CIO of the company, the hire will be responsible for improving the […]
Business
June 30, 2023
PointsBet’s Shareholders Vote in Favor of US Assets Sale
PointsBet announced that an overwhelming majority of its shareholders supported the sale of its US-facing business to the well-known sports merchandise company, Fanatics. Fanatics Betting and Gaming, the company’s sports retail division, filed a proposal for the takeover of PointsBet’s US assets in a deal for some $225.0 million, a significant increase from its initial […]
Sports
June 28, 2023
DraftKings Folds Bid for PointsBet US Assets
In a surprising turn of events, DraftKings Inc. announced on June 28 that it will no longer pursue the acquisition of the US business of PointsBet Holdings Ltd. DraftKings expressed its gratitude to PointsBet for their time and cooperation during the process. DraftKings’ Failed Attempt to Acquire PointsBet Paves the Way for Fanatics The collapse […]
Industry
June 27, 2023
PointsBet Requests ASX Trading Halt Due to Material Transaction
Acquisition target PointsBet sent a letter to the Australian Securities Exchange (ASX) this morning to request a trading halt of its stock due to a material announcement. Disclosure Obligations PointsBet requested the immediate implementation of a trading halt on its securities listed on the ASX to allow it to manage its continuous disclosure obligations in […]
Industry
June 26, 2023
Rumors of Personal Motives Behind DraftKings’ PointsBet Bid
Failed merger negotiations may be behind DraftKings’ last-minute bid to acquire PointsBet USA and derail an already negotiated deal with Fanatics, according to a media report. Block Fanatics from New York Entry DraftKings chief executive officer Jason Robins is determined to “level the score” with Fanatics boss Michael Rubin, still holding a grudge after Rubin […]
Business
June 20, 2023
PointsBet Looks into DraftKings’ Acquisition Proposal
PointsBet Holdings Limited caused a significant upset in the sports betting industry, announcing it would engage with DraftKings regarding the latter’s acquisition proposal. Even though the board urged shareholders to vote in favor of the previous Fanatics deal, this recent news means DraftKings may come out on top. Nothing is Yet Set in Stone PointsBet’s […]
Business
June 9, 2023
Fanatics Appoints Gregg Winiarski as Its new Top Lawyer
Winiarski, who was Barry Diller’s IAC/InterActivCorp top lawyer, will now step in as a chief legal officer for Fanatics Holdings Inc, which is a privately held sports apparel and collectables company. His appointment comes at an important for the firm as well. Winiarski Comes to Strengthen Fanatics’ Expansion Fanatics has reached $31 billion in valuation […]
Sports
June 2, 2023
Fanatics Goes Live in Maryland as Sportsbooks Gains Momentum
Owing to licensure approval from the Maryland Lottery and Gaming Commission, Fanatics Sportsbook is now available across the State of Maryland, as the brand is undertaking its beta testing. Previously, Fanatics launched a pilot in Massachusetts. All Systems Go in Maryland as US-Wide Expansion Commences The company can offer mobile sports betting across the entirety […]
Sports
May 22, 2023
Ohio Takes Down Fanatics Sports Betting Ad
The Ohio Casino Control Commission has ordered Fanatics Sportsbook to pull the plug on a social media advertisement that used the company’s merchandise business to raise awareness about the brand’s sports betting division. As per the latest information, the regulator is still in the process of having the ad removed. Fanatics Chases Synergies Between Business […]
Industry
May 15, 2023
Fanatics to Acquire PointsBet USA in a $150M Deal
Global digital sports platform Fanatics has announced its decision to purchase PointsBet’s US assets, just as earlier reports had suggested. According to the official announcement, the former company will acquire the sports betting operator in a $150 million deal. The money will be paid in cash, as agreed by the two companies. At first, Fanatics […]
