Fubo Gaming Now Holds Market Access Deals in
4 States
Fubo Gaming, a subsidiary of leading sports-first live TV
streaming platform fuboTV Inc. (NYSE: FUBO), and The Cordish
Companies announced today the completion of a market access
agreement for the forthcoming mobile Fubo Sportsbook in
Pennsylvania. Fubo Gaming’s agreement with The Cordish Companies,
owner and operator of Live! Casino & Hotel Philadelphia and
Live! Casino Pittsburgh, provides for state-wide mobile access for
both sports betting and iGaming. The launch of Fubo Sportsbook in
Pennsylvania is subject to obtaining requisite regulatory
approvals.
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the full release here:
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Through Fubo Sportsbook, fuboTV intends to integrate gaming with
its expansive live sports offering for a seamless user experience
enabling consumers to wager while they watch. fuboTV currently has
a leading sports offering in Pennsylvania through its carriage
agreements with regional sports networks NBC Sports Philadelphia
(Philadelphia 76ers, Philadelphia Flyers, Philadelphia Phillies)
and AT&T SportsNet Pittsburgh (Pittsburgh Penguins, Pittsburgh
Pirates), in addition to local and national network coverage.
Today’s agreement in Pennsylvania will bring Fubo Sportsbook to
a minimum of four states following previously announced market
access agreements in New Jersey and Indiana (through Caesars
Entertainment, Inc.) and Iowa (through Casino Queen). Fubo
Sportsbook is expected to begin rolling out state-by-state in the
fourth quarter 2021, subject to obtaining requisite regulatory
approvals in each jurisdiction.
“Entering Pennsylvania, one of the largest sports betting and
iGaming makers in the U.S., is a significant accomplishment for our
forthcoming Fubo Sportsbook which, in this market, can also include
mobile casino games,” said Scott Butera, president, Fubo Gaming.
“We are also excited to be partnering with Cordish who has been a
leader in gaming and sports entertainment for decades.”
“Our agreement with The Cordish Companies will bring Fubo
Sportsbook to consumers in Pennsylvania, expanding our sportsbook’s
reach to at least four states,” said David Gandler, co-founder and
CEO, fuboTV. “With our sportsbook, we’re looking forward to
delivering a comprehensive sports entertainment experience that
combines live streaming and wagering. We expect to launch Fubo
Sportsbook in the fourth quarter of this year pending regulatory
approvals.”
“Partnering with Fubo Gaming to bring our guests this exciting,
integrated mobile sports betting option is the natural evolution of
our Live! Casino brands in Pennsylvania,” said Rob Norton,
president, Cordish Gaming Group. “Philadelphia and Pittsburgh are
both iconic sports cities that are deserving of best-in-class
sports betting platforms, so we look forward to working with Fubo
Gaming on this new endeavor.”
About The Cordish
Companies
The Cordish Companies’ origins date back to 1910 and encompass
four generations of privately-held, family ownership. During the
past ten decades, The Cordish Companies has grown into a global
leader in Commercial Real Estate; Entertainment Districts;
Sports-Anchored Developments; Gaming; Hotels; Residential
Properties; Restaurants; International Development; Coworking
Spaces; and Private Equity. One of the largest and most respected
developers in the world, The Cordish Companies has been awarded an
unprecedented seven Urban Land Institute Awards for Excellence for
public-private developments that are of unique significance to the
cities in which they are located. The Cordish Companies has
developed and operates highly acclaimed dining, entertainment and
hospitality destinations throughout the United States, many falling
under The Cordish Companies’ Live! Brand, highly regarded as one of
the premier entertainment brands in the country. In gaming, The
Cordish Companies has developed among the most successful casino
hotel resorts in the world including the Hard Rock Hotel &
Casino Hollywood, Hard Rock Hotel & Casino Tampa and Live!
Casino & Hotel Maryland. Welcoming over 55 million visitors per
year, these developments are among the highest profile dining,
entertainment, gaming, hotel and sports-anchored destinations in
the country. Over the generations, The Cordish Companies has
remained true to the family’s core values of quality,
entrepreneurial spirit, long-term personal relationships, and
integrity. As a testimony to the long-term vision of its family
leadership, The Cordish Companies still owns and manages virtually
every business it has created. For more information visit
www.cordish.com or follow us on Twitter.
“The Cordish Companies,” “The Cordish Company” and “Cordish” are
trademarks used under license by independent corporations, legal
liability companies and partnerships (“Cordish Entities”). Each
Cordish Entity is a separate, single-purpose legal entity that is
solely responsible for its obligations and liabilities. No common
operations or financial interdependency, and no intermingling of
assets or liabilities of the Cordish Entities exists, or should be
deemed to exist, as a result of the potential common reference to
multiple independent entities operating under the names “Cordish,”
“The Cordish Companies” or “The Cordish Company” here or
elsewhere.
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 74 of the top 100 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 and interactive gaming, in Q4 2021, subject
to obtaining requisite regulatory approvals.
Forward-Looking
Statements
This letter contains forward-looking statements of fuboTV Inc.
(“fuboTV”) that involve substantial risks and uncertainties. All
statements contained in this press release are forward-looking
statements within the meaning of The Private Securities Litigation
Reform Act of 1995. The words “could,” “will,” “plan,” “intend,”
“anticipate,” “approximate,” “expect,” “potential,” or the negative
of these terms or other similar expressions are intended to
identify forward-looking statements, although not all
forward-looking statements contain these identifying words. Actual
results or events could differ materially from the plans,
intentions and expectations disclosed in the forward-looking
statements that fuboTV makes due to a number of important factors,
including (i) risks related to the ability to realize the
anticipated benefits of the Balto and Vigtory acquisitions, (ii)
risks related to the company’s access to capital and fundraising
prospects to fund its ongoing operations, (iii) risks related to
diverting management’s attention from fuboTV’s ongoing business
operations to address integration and fundraising efforts, (iv)
risks related to our ability to capitalize successfully on market
trends and develop and market a sports wagering offering, and (v)
other business effects, including the effects of industry, market,
economic, political or regulatory conditions, future exchange and
interest rates, and changes in tax and other laws, regulations,
rates and policies, including the impact of COVID-19 on the broader
market. Further risks that could cause actual results to differ
materially from those matters expressed in or implied by such
forward-looking statements are discussed in the company’s periodic
filings with the Securities and Exchange Commission and we
encourage you to read such risks in detail. The forward-looking
statements in this press release represent fuboTV’s views as of the
date of this press release. fuboTV anticipates that subsequent
events and developments will cause its views to change. However,
while it may elect to update these forward-looking statements at
some point in the future, it specifically disclaims any obligation
to do so. You should, therefore, not rely on these forward-looking
statements as representing fuboTV’s views as of any date subsequent
to the date of this letter.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210715005727/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 Cari Furman, The Cordish Companies
cfurman@cordish.com Carmen Gonzales, Live! Casinos & Hotels
Carmen.Gonzales@livech.com
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