Former Penn National Gaming, Inc. Executive Carl Sottosanti Appointed to Fubo Gaming’s Board of Directors
16 6월 2021 - 10:00PM
Business Wire
Sottosanti Joins Fubo Gaming Ahead of
Expected Q4 2021 Fubo Sportsbook Launch
Fubo Gaming, a subsidiary of leading sports-first live TV
streaming platform fuboTV Inc. (NYSE: FUBO), has appointed former
Penn National Gaming, Inc. executive Carl Sottosanti to its board
of directors and as chairman of its gaming compliance committee
effective immediately.
Sottosanti joins Fubo Gaming as it prepares to launch Fubo
Sportsbook, a comprehensive sports entertainment experience through
online sports betting, in the fourth quarter of 2021, subject to
obtaining requisite regulatory approvals.
“With extensive experience in the gaming industry, including
almost 18 years as an executive at Penn National, Carl will bring
valuable industry and unique legal and compliance insight to Fubo
Gaming,” said David Gandler, co-founder and CEO, fuboTV. “I’m
looking forward to working with Carl as we set to transform
streaming and betting into a combined interactive television
experience.”
“I am excited to join Fubo Gaming’s board of directors,” said
Sottosanti. “Their talented team and unique content and technology
will be a potent combination in the growing interactive wagering
space.”
From 2014-2020, Sottosanti served as executive vice president
and general counsel of Penn National, a leading gaming company with
42 gaming facilities in 20 jurisdictions and a growing online
gaming/media business. He joined Penn in May 2003 and focused
primarily on M & A, gaming development opportunities, corporate
governance and compliance. Among the many large transactions
Sottosanti led from the legal side at Penn National were its recent
Barstool Sports and Pinnacle Entertainment acquisitions.
Prior to joining Penn National, Sottosanti held senior legal
roles at Sanchez Computer Associates, a leading international
banking software company, and Salient Three Communication, a
diversified telecom company. He began his career with Schnader
Harrison, a large Philadelphia law firm, and also has extensive
teaching and lecturing experience on gaming and business law
topics. Sottosanti received his JD from Villanova University School
of Law.
About Fubo Gaming
Fubo Gaming Inc. is a subsidiary of fuboTV Inc. (NYSE: FUBO)
that launched in 2021. Complementing fuboTV’s leading sports
streaming platform, Fubo Gaming aims to provide a comprehensive
sports entertainment experience through sports betting and
interactive gaming. The online wagering experience, Fubo
Sportsbook, is expected to launch in Q4 2021, subject to obtaining
requisite regulatory approvals. Fubo Gaming is based in
Chicago.
About fuboTV
With a mission to provide the world’s most thrilling
sports-first live TV experience through the greatest breadth of
premium content, interactivity and integrated wagering, fuboTV Inc.
(NYSE: FUBO) is focused on bringing to life its vision of a
streaming platform that transcends the industry’s current virtual
MVPD model. fuboTV Inc. operates in the U.S., Canada and Spain.
Leveraging its proprietary data and technology platform
optimized for live TV and sports viewership, fuboTV Inc. aims to
turn passive viewers into active participants and define a new
category of interactive television. Through its cable TV
replacement product, fuboTV, subscribers can stream a broad mix of
100+ live TV channels, including 42 of the top 50 Nielsen-ranked
networks across sports, news and entertainment — more than any
other live TV streaming platform (source: Nielsen Total Viewers,
2020). fuboTV intends to add interactivity to its streaming
experience with the launch of predictive free-to-play gaming in Q3
2021.
Fubo Gaming Inc., a subsidiary of fuboTV Inc., expects to launch
Fubo Sportsbook, a comprehensive sports entertainment experience
through sports betting, in Q4 2021, subject to obtaining requisite
regulatory approvals.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based on the
current beliefs, expectations and assumptions of fuboTV and on
information currently available to fuboTV. The forward-looking
statements in this press release represent fuboTV’s views as of the
date of this press release. These statements may include, but are
not limited to, statements regarding future events or future
financial and operating performance, including revenue and
subscriber guidance and efforts to implement sports wagering into
our product. Although fuboTV believes the expectations reflected in
such forward-looking statements are reasonable, fuboTV can give no
assurance that such expectations will prove to be correct.
Forward-looking statements may involve known and unknown risks,
uncertainties and other factors that may cause fuboTV’s actual
results, performance or achievements to be materially different
from those expressed or implied by the forward-looking statements.
Accordingly, readers are cautioned not to place undue reliance on
these forward-looking statements. Except as required by applicable
law, fuboTV does not plan to publicly update or revise any
forward-looking statements contained herein, whether as a result of
any new information, future events, changed circumstances or
otherwise. No representations or warranties (expressed or implied)
are made about the accuracy of any such forward-looking statements.
Important factors that could cause fuboTV’s actual results to
differ materially are detailed from time to time in the reports
fuboTV files with the Securities and Exchange Commission, copies of
which are available on the Securities and Exchange Commission’s
website at www.sec.gov and are available from fuboTV without
charge. However, new risk factors and uncertainties may emerge from
time to time, and it is not possible to predict all risk factors
and uncertainties.
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version on businesswire.com: https://www.businesswire.com/news/home/20210616005135/en/
Investor Contact: The Blueshirt Group for fuboTV ir@fubo.tv
Media Contacts: Jennifer L. Press, fuboTV jpress@fubo.tv Katie
Minogue, fuboTV kminogue@fubo.tv
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