Fanatics makes big move into sports betting with PointsBet acquisition
TL;DR
Fanatics' acquisition of PointsBet's US assets and Aristocrat's purchase of NeoGames have raised speculation about who's next in the gaming industry. SportRadar and Gambling.com are potential takeover targets, while Rush Street Interactive is working to establish itself as an iGaming operator. Fanatics CEO of Betting and Gaming, Matt King, believes more consolidation is likely, but prices for gaming acquisitions are expected to reflect reality.
- A pair of sports betting deals has the gaming industry asking, 'Who's next?' CNBC
- Fanatics' $150 million deal for PointsBet reflects industry 'growing up' Yahoo Finance
- Fanatics acquiring PointsBet U.S. for $150 million: What it means for the sports gambling landscape The Athletic
- Fanatics Acquires PointsBet's U.S. Business, Marking Its Official Foray Into Sports Betting The Action Network
- Fanatics to acquire U.S. business of PointsBet as it aims to grow sports betting operation The Philadelphia Inquirer
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