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

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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.

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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.

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Fast Track Secures Landmark Deal with Suprema Group – Setting a New Standard in the Brazilian iGaming Market

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Fast Track Secures Landmark Deal with Suprema Group - Setting a New Standard in the Brazilian iGaming Market

 

Fast Track, the industry leader in CRM solutions for the iGaming sector, is thrilled to announce a groundbreaking partnership with Suprema Group, one of Brazil’s largest and most influential operators. This deal solidifies Fast Track’s position as the dominant force in the Brazilian iGaming market.

Suprema Group, renowned for its extensive portfolio of brands, will leverage Fast Track’s cutting-edge CRM platform to enhance its operational efficiency and player engagement. Suprema collaborates with BetConstruct, empowering multiple brands in Brazil with premier online casino and sports betting experiences. As the holder of licences and a key stakeholder in all these brands, Suprema’s decision to partner with Fast Track is a testament to the platform’s unrivalled capabilities and industry-leading solutions.

By integrating Fast Track’s powerful CRM platform, Suprema intends to revolutionise its player engagement strategies, guaranteeing personalised, real-time experiences for the many monthly active users across all its brands.

“We are ecstatic to join forces with Suprema Group,” said Simon Lidzén, Co-Founder and CEO of Fast Track. “Suprema shares a commitment to innovation and excellence in the iGaming industry. We are honoured to support their vision and look forward to a successful collaboration that will benefit their extensive portfolio of brands.”

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Suprema Group’s COO, Rodrigo Teixeira, recognizes the unparalleled value that Fast Track brings to their operations. With our comprehensive suite of automation, real-time data integration, and AI-driven personalization, Suprema will be well-equipped to handle the complexities of its multi-brand environment. This collaboration will address key operational challenges, such as price scalability for smaller brands and streamline CRM strategies, ultimately driving growth and efficiency.

Fast Track’s robust platform will support Suprema’s ambitious goals, including the onboarding of all brands and the seamless integration of casino and sports verticals.

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Latest News

Light & Wonder Expands Presence in Oregon with Additional Placements of KASCADA Dual Screen Multi-Games

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Light & Wonder Inc. announced that the Oregon Lottery has purchased more than 1200 additional Video Lottery Terminals (VLT). This comes less than a year after the Oregon Lottery purchased 1175 VLTs following the successful trial phase in the state.

The gaming machines will house diverse player-favorite games such as BLAZING HOT CELEBRATIONS, LIGHTNING TUSKS, AMERICAN ORIGINAL, BIER HAUS, AMERICAN ORIGINAL STARS & BARS, QUICK HIT MONEY WHEEL, TREASURE FRUITS, FLUSH FRENZY Poker, and more.

“We are thrilled to continue our partnership with the Oregon Lottery and to provide their players with our state-of-the-art KASCADA Dual Screen Multi-Games. The additional placement of over 1,200 VLTs is a testament to the success and popularity of our games in the region. We are committed to delivering innovative and engaging gaming experiences that enhance player enjoyment and drive growth for our customers,” said Niaz Nejad, Managing Director – Americas, Gaming at Light & Wonder.

“We’re excited to continue our partnership in bringing Light & Wonder’s popular games and product expertise to our Video Lottery players. They consistently use our feedback to deliver quality products that benefit our team and customers,” said Sar Richards, Oregon Lottery’s Manager of Video Gaming Products.

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White House National Security Official Confirmed as Keynote Speaker for BSA/AML Gaming Conference in Las Vegas

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The BSA-AML Compliance Group announced that Carole House, White House National Security Council (NSC) Special Advisor for Cybersecurity and Critical Infrastructure, will deliver a keynote address at the Annual BSA-AML Gaming Conference on Thursday, August 15, at Caesars Palace Las Vegas.

Carole House brings a wealth of experience in cybersecurity, digital innovation, and financial crime prevention to the conference. Her background includes roles as an Executive in Residence at Terranet Ventures Inc., a Nonresident Senior Fellow at the Atlantic Council, and Chair of the Technology Advisory Committee to the Commodity Futures Trading Commission (CFTC). House previously served at the NSC as the Director for Cybersecurity and Secure Digital Innovation and at the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), where she led cybersecurity, virtual currency, and emerging technology policy efforts.

“We are thrilled to welcome Carole House as a keynote speaker at this year’s conference. Her extensive experience in cybersecurity, digital innovation, and financial crime prevention will provide invaluable insights to our attendees, especially as the gaming industry continues to navigate the complex landscape of emerging technologies and associated risks,” said Brian Lopez, Co-Founder of the BSA-AML Compliance Group.

House’s military background as a former Army Captain, including a deployment to Afghanistan, adds a unique perspective to her expertise in national security and critical infrastructure protection.

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The annual BSA/AML Gaming Conference is the largest and most comprehensive anti-money laundering compliance conference in North America dedicated to the gaming industry. Last year, individuals from forty-one states plus Puerto Rico, four foreign countries, and over a hundred tribal gaming properties attended the conference.

Other keynote speakers this year include Brian Nelson, Under Secretary for Terrorism and Financial Intelligence at the U.S. Department of the Treasury; James Barnacle, Deputy Assistant Director of the Federal Bureau of Investigation; and Guy Ficco, Chief of IRS-Criminal Investigation Division. The conference will feature leading experts in anti-money laundering compliance in the gaming industry, including government officials, regulators, and industry professionals. Attendees will have the opportunity to learn about the latest developments in money laundering prevention, emerging illicit finance typologies, fraud, and cyber threats to casinos.

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