“We don’t see wagering as simply an add-on product to FuboTV. “We believe online sports wagering is a highly complementary business to our sports-first live TV streaming platform,” said David Gandler, FuboTV’s co-founder and chief executive. Then, FuboTV said it intends to launch a sportsbook app, which will eventually be integrated into the company’s live streaming platform so that fans can simultaneously watch sport and place bets. Stay up to date with the latest sports business news and insights. That offering will launch through a standalone app before later being integrated directly into the FuboTV user experience. The initial plan is to roll out a free-to-play gaming experience this summer. With the addition of Vigtory, the company has now outlined more details of its online wagering strategy. Under the proposed agreement, Vigtory co-chief executive Scott Butera and founder Sam Rattner will join FuboTV’s gaming division as president and chief operating officer, respectively.įuboTV wants to combine live sports and betting content as subs pass 455kįuboTV first signalled its intent to expand into sports betting in December, when it acquired Balto Sports and its content automation software. The financial terms of the deal, which is still subject to certain closing conditions, were not disclosed. The deal, which is expected to close in the first quarter of this year, includes Vigtory’s sportsbook platform and digital gaming assets, which FuboTV will leverage to develop a betting experience for its customers. US-based sports streaming service FuboTV says it expects to launch a sportsbook by the end of this year after signing an agreement to acquire sports betting and interactive gaming company Vigtory. Company plans to roll out free-to-play gaming experience in summer ahead of sportsbook app launch.News of acquisition sees FuboTV shares soar 34% on US stock market.Deal includes Vigtory’s sportsbook platform and digital gaming assets.
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